Worksport Ltd

  • Moat Score
  • Safety Score
  • Market Cap $19.69M
  • PE -1
  • Debt $190.00K
  • Cash $1.86M
  • EV $18.02M
  • FCF -$12.44M

Earnings

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Sales & Net Margins

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Earnings-$15.52M
EBIT-$15.00M
ROE-95%
ROA-60%
FCF-$12.44M
Equity$16.36M
Growth Stability1
PE-1.27
PB1.2
P/FCF-1.58
P/S3.08
Price/Cash0.09
Debt/Equity0.01
Debt/FCF-0.02
Net Margins-213%
Gross Margins11%
Op. Margins-235%
Sales Growth YoY581%
Sales Growth QoQ62%
Sales CAGR3%
Equity CAGR39%
Earnings Growth YoY5%
Earnings Growth QoQ3%
Sales CAGR 5Y21%
Equity CAGR 5Y48%
Earnings CAGR 3Y266%
Sales CAGR 3Y266%
Equity CAGR 3Y-23%
Market Cap$19.69M
Revenue$6.40M
Assets$24.94M
Total Debt$190.00K
Cash$1.86M
Shares Outstanding25.54M
EV18.02M
Moat Score1%
Safety Score65%
Working Capital5.88M
Current Ratio2.96
Gross Profit$673.35K
Shares Growth 3y13%
Equity Growth QoQ-15%
Equity Growth YoY-0%

Assets & ROA

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Stockholders Equity & ROE

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Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.

SEC Filings

Direct access to Worksport Ltd (WKSP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Worksport Ltd compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Worksport Ltd compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Worksport Ltd Discounted Cash Flow

Fully customizable DCF calculator online for Worksport Ltd.

= -$124M
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fcf-$12M-$12M-$12M-$12M-$12M-$12M-$12M-$12M-$12M-$12M-$12M-$124M
DCF-$11M-$10M-$9.3M-$8.5M-$7.7M-$7M-$6.4M-$5.8M-$5.3M-$4.8M-$48M
Value-$124M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins-81%-535%-315%-833%-366%-22%-343%-3K%-11K%-976%-213%
ROA---108%-197%-217%-123%-52%-21%-39%-57%-60%
ROE--94K%113%-916%789%47%-701%-23%-52%-82%-95%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF---0.88-1.38-0.75-2.85-0.5-0.05--0.34-0.02
Debt over Equity-24.79-0.210.74-1.29-0.362.170.01-0.290.01
Growth Stability----------1

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth-10%-45%13%18%300%-82%-12%-62%1K%21%
Earnings YoY growth-628%-67%200%-48%-76%186%565%59%19%-
Equity YoY growth--150%-27K%-137%-160%295%-119%20K%-29%-25%48%
FCF YoY growth---59%-16%91%-71%558%601%270%-18%-