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Worksport Ltd.

NasdaqCM:WKSP Stock Report

Market Cap: US$7.0m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Worksport Dividends and Buybacks

Dividend criteria checks 0/6

Worksport does not have a record of paying a dividend.

Key information

n/a

Dividend yield

-151.5%

Buyback Yield

Total Shareholder Yield-151.5%
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

No updates

Recent updates

Analysis Article • Aug 14

Worksport Ltd. (NASDAQ:WKSP) Just Reported Earnings, And Analysts Cut Their Target Price

As you might know, Worksport Ltd. ( NASDAQ:WKSP ) just kicked off its latest second-quarter results with some very...
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Narrative Update • Jul 15

WKSP: Cost Discipline And New Leadership Will Support Future Upside

Analysts have reduced their price target on Worksport to $2.00 from $2.50, citing Q1 results that came in below expectations due to softer truck bed cover sales and higher aluminum costs. What’s in the News for Worksport Worksport filed a follow on equity offering of approximately US$0.25 million in common shares, with 208,333 securities offered at a price of US$1.20 per share, reflecting a stated discount of US$0.084 per security.
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Narrative Update • Jun 18

WKSP: Cost Discipline And Execution On Input Pressures Will Drive Future Upside

Analysts have reduced the Worksport price target to $2 from $2.50 after Q1 results came in below forecasts, citing softer truck bed cover sales and higher aluminum costs. Analyst Commentary Recent research on Worksport highlights a more cautious tone from bearish analysts after Q1 results came in below forecasts.
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Narrative Update • Jun 04

WKSP: Revised Cost Controls And Execution Will Support Future Upside Potential

Analysts have trimmed their Worksport price target to $2.00 from $2.50, citing Q1 results that came in below forecasts due to softer truck bed cover sales and higher aluminum costs. Analyst Commentary Bearish analysts are using the weaker Q1 truck bed cover sales and higher aluminum costs as key reasons to trim expectations, which is reflected in the lower US$2.00 price target.
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Narrative Update • May 20

WKSP: Improved Cost Control And 2026 Revenue Guidance Will Support Upside

Analysts have reduced their Worksport price target to $2 from $2.50, reflecting Q1 results that came in below forecasts as truck bed cover sales and aluminum costs weighed on expectations. Analyst Commentary Recent research points to a mixed view of Worksport, with the reduced price target reflecting both execution risks and potential for improvement if key issues are addressed.
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Narrative Update • Apr 30

WKSP: Recalibrated Margins And 2026 Revenue Outlook Will Support Future Upside

Analysts have reduced their Worksport price target by $0.50, citing updated assumptions around profit margins and future P/E multiples, while keeping fair value and growth expectations broadly in line with prior estimates. Analyst Commentary Analysts lowering the Worksport price target by $0.50 are largely updating their models to reflect revised expectations for profit margins and P/E multiples, rather than a wholesale change in how they view the business.
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Narrative Update • Apr 16

WKSP: Higher P/E Framework And 2026 Guidance Will Support Future Upside

Analysts have trimmed their Worksport price target by $0.25 to $7.00, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Analysts cutting the Worksport price target to US$7.00 are mainly reacting to updated views on discount rates, revenue growth, profit margins, and future P/E levels.
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Narrative Update • Apr 01

WKSP: Revised Execution Outlook Will Support Future Upside Potential

Analysts have trimmed their Worksport price target by $0.50. This reflects updated fair value estimates, slightly revised revenue growth assumptions and an adjusted future P/E outlook.
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Narrative Update • Mar 18

WKSP: Revised Profit Outlook Will Support Future Upside Potential

Analysts have trimmed their Worksport price target by $2, reflecting a lower fair value estimate and more moderate revenue growth assumptions. This is partly offset by updated expectations for profit margins and future P/E.
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Narrative Update • Mar 04

WKSP: Recalibrated Risk Assumptions Will Support Future Upside Potential

Analysts have trimmed their 12 month price target on Worksport by $2 to reflect updated assumptions around discount rates, revenue growth, profit margins, and future P/E. This sets the stage for this narrative update.
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Narrative Update • Feb 18

WKSP: New Heavy Duty Covers Will Support Future Upside Potential

Analysts have reduced their Worksport price target by $1 to $7.25, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E multiples. Analyst Commentary Recent research points to a more conservative stance on Worksport, with the lower price target framed as a reset of expectations rather than a shift in the core story.
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Narrative Update • Feb 03

WKSP: New Truck Covers And Missouri Facility Will Drive Future Upside

Analysts have modestly adjusted their price target on Worksport to US$8.25, as small refinements in the discount rate, long term revenue growth assumptions, and future P/E inputs leave their fair value estimate effectively unchanged. What's in the News Worksport began production and B2B dealer sales of its new HD3 heavy duty tonneau cover, built on the AL3 platform and priced with a minimum advertised price starting at US$869, aimed mainly at commercial and high use truck owners.
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Narrative Update • Jan 19

WKSP: New Energy Product Launch And Missouri Facility Will Drive Future Upside

Analysts have kept their price target for Worksport steady at US$8.25, citing only small adjustments to the discount rate, revenue growth forecasts and profit margin assumptions, along with a slightly higher future P/E multiple. What's in the News Worksport confirmed that its new HD3 heavy duty tonneau cover is now selling across its B2B dealer network, with a minimum advertised price starting at US$869 and a focus on commercial and high use customers (Key Developments).
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Narrative Update • Jan 05

WKSP: New Product Suite And Missouri Facility Will Support Future Upside

Analysts have maintained their fair value estimate for Worksport at $8.25. A slightly lower discount rate, modestly softer profit margin assumptions, and a marginally higher future P/E input reflect small adjustments to how they are balancing risk and earnings potential in their updated price target work.
Analysis Article • Jan 01

Market Still Lacking Some Conviction On Worksport Ltd. (NASDAQ:WKSP)

It's not a stretch to say that Worksport Ltd.'s ( NASDAQ:WKSP ) price-to-sales (or "P/S") ratio of 1.2x right now seems...
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Narrative Update • Dec 17

WKSP: Future Clean Energy Truck Accessories Will Drive Strong Upside Potential

Analysts have lowered their price target on Worksport from 7.00 dollars to 5.00 dollars, citing a higher required return, despite more optimistic assumptions for revenue growth, profit margins, and a reduced future price to earnings multiple. What's in the News Launched the HD3 heavy duty tonneau cover into production and B2B dealer sales, adding a premium, U.S.-manufactured option for commercial and fleet customers (Key Developments).
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Narrative Update • Dec 03

WKSP: New Product Launches And Missouri Facility Will Drive Long-Term Upside

Analysts have modestly lowered their price target on Worksport by approximately $0.11 per share, reflecting slightly reduced discount rate and future P/E assumptions, while still recognizing robust long term revenue growth and stable margin expectations. What's in the News Official production and B2B launch of the new HD3 heavy duty tonneau cover, a more rugged evolution of the AL3 platform targeting commercial and fleet customers, with pricing starting at a MAP of $869 and a rollout to dealers and distributors through year end 2025 (Key Developments).
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Narrative Update • Nov 19

WKSP: New Missouri Facility Will Accelerate Clean Energy Product Launch

Analysts have revised their price target for Worksport from $9.25 to $8.25, citing changes in key valuation metrics and updated financial assumptions. What's in the News Worksport launches its SOLIS solar-integrated tonneau cover and COR portable energy storage system.
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Narrative Update • Sep 13

Clean Energy Demand And Manufacturing Capacity Will Redefine Markets

Worksport’s consensus price target has been revised down from $10.33 to $9.25, primarily reflecting slightly lower revenue growth forecasts and a modest contraction in its future P/E ratio. What's in the News Management reaffirmed 2025 full-year revenue guidance of at least $20 million.
Analysis Article • Sep 10

Is Worksport (NASDAQ:WKSP) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jul 09

After Leaping 45% Worksport Ltd. (NASDAQ:WKSP) Shares Are Not Flying Under The Radar

The Worksport Ltd. ( NASDAQ:WKSP ) share price has done very well over the last month, posting an excellent gain of...
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New Narrative • Apr 15

Launches Of AL4 SOLIS And COR Will Expand Market Footprint

Shifting focus to higher-margin products and expanding clean energy offerings could significantly enhance profitability and drive robust revenue growth.
Analysis Article • Nov 29

Increases to Worksport Ltd.'s (NASDAQ:WKSP) CEO Compensation Might Cool off for now

Key Insights Worksport's Annual General Meeting to take place on 6th of December Total pay for CEO Steve Rossi includes...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if WKSP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WKSP's dividend payments have been increasing.


Dividend Yield vs Market

Worksport Dividend Yield vs Market
How does WKSP dividend yield compare to the market?
SegmentDividend Yield
Company (WKSP)n/a
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.1%
Industry Average (Auto Components)2.0%
Analyst forecast (WKSP) (up to 3 years)n/a

Notable Dividend: Unable to evaluate WKSP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WKSP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate WKSP's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WKSP has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 10:30
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Worksport Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tate SullivanMaxim Group

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