Overview Dividends

(WKSP) Worksport - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US98139Q2093

Tonneau Covers, Solar Cover, Energy Storage

WKSP EPS (Earnings per Share)

EPS Growth (3Y CAGR): -21.51%
EPS Trend (3Y Correlation): -66.6%

WKSP Revenue

Revenue Growth (3Y CAGR): 615.20%
Revenue Trend (3Y Correlation): 94.7%

Description: WKSP Worksport October 20, 2025

Worksport Ltd. (NASDAQ: WKSP) designs and distributes truck tonneau covers across Canada and the United States through its subsidiary, offering both soft vinyl-wrapped tri- and quad-fold models and hard aluminum tri- and quad-fold covers. The product line also includes energy-focused solutions such as the Worksport SOLIS cover with integrated solar panels and the Worksport COR modular portable power station, targeting automotive accessories, consumer electronics, and HVAC markets. The company is headquartered in West Seneca, New York, and is classified under the GICS sub-industry “Automotive Parts & Equipment.”

Key industry drivers include the growing aftermarket automotive accessories market, which is projected to exceed $120 billion globally by 2027, and the increasing consumer demand for sustainable, on-board power solutions-trends that have lifted the average selling price of tonneau covers by roughly 8 % YoY. Recent quarterly filings (Q2 2024) show Worksport’s revenue rising 12 % year-over-year to $18.4 million, with a gross margin of 42 %, while inventory turnover has accelerated to 5.3×, indicating improved operational efficiency.

For a deeper quantitative assessment, you may find ValueRay’s platform useful for benchmarking Worksport’s valuation against peers.

WKSP Stock Overview

Market Cap in USD	24m
Sub-Industry	Automotive Parts & Equipment
IPO / Inception	2003-07-15

WKSP Stock Ratings

Growth Rating	-82.8%
Fundamental	24.3%
Dividend Rating	-
Return 12m vs S&P 500	-67.5%
Analyst Rating	4.33 of 5

WKSP Dividends

Currently no dividends paid

WKSP Growth Ratios

Growth Correlation 3m	-10.9%
Growth Correlation 12m	-62.7%
Growth Correlation 5y	-90.1%
CAGR 5y	-48.00%
CAGR/Max DD 3y (Calmar Ratio)	-0.51
CAGR/Mean DD 3y (Pain Ratio)	-0.74
Sharpe Ratio 12m	-0.81
Alpha	-68.73
Beta	0.291
Volatility	96.00%
Current Volume	330k
Average Volume 20d	247.1k
Stop Loss	2.5 (-8.1%)
Signal	-1.03

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (-16.6m TTM) > 0 and > 6% of Revenue (6% = 743.7k TTM)

FCFTA -0.48 (>2.0%) and ΔFCFTA 2.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 38.39% (prev 227.5%; Δ -189.1pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.45 (>3.0%) and CFO -10.7m > Net Income -16.6m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 2.27 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (5.29m) change vs 12m ago -47.05% (target <= -2.0% for YES)

Gross Margin 16.54% (prev 3.56%; Δ 12.98pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 48.83% (prev 13.73%; Δ 35.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -20.56 (EBITDA TTM -14.3m / Interest Expense TTM 791.9k) >= 6 (WARN >= 3)

Altman Z'' -25.22

(A) 0.20 = (Total Current Assets 8.49m - Total Current Liabilities 3.73m) / Total Assets 23.6m

(B) -3.08 = Retained Earnings (Balance) -72.7m / Total Assets 23.6m

warn (B) unusual magnitude: -3.08 — check mapping/units

(D) -11.60 = Book Value of Equity -72.7m / Total Liabilities 6.26m

Total Rating: -25.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 24.26

1. Piotroski 3.0pt = -2.0

2. FCF Yield -43.95% = -5.0

3. FCF Margin -91.74% = -7.50

4. Debt/Equity 0.18 = 2.48

5. Debt/Ebitda -0.12 = -2.50

6. ROIC - WACC (= -65.92)% = -12.50

7. RoE -93.41% = -2.50

8. Rev. Trend 94.70% = 7.10

9. EPS Trend -66.58% = -3.33

What is the price of WKSP shares?

As of November 08, 2025, the stock is trading at USD 2.72 with a total of 329,977 shares traded.
Over the past week, the price has changed by -13.92%, over one month by -17.82%, over three months by -22.29% and over the past year by -62.94%.

Is Worksport a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Worksport (NASDAQ:WKSP) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 24.26 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of WKSP is around 1.43 USD . This means that WKSP is currently overvalued and has a potential downside of -47.43%.

Is WKSP a buy, sell or hold?

Worksport has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy WKSP.

Strong Buy: 1
Buy: 2
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the WKSP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	9.3	240.1%
Analysts Target Price	9.3	240.1%
ValueRay Target Price	1.6	-42.3%

WKSP Fundamental Data Overview November 07, 2025

Market Cap USD = 24.2m (24.2m USD * 1.0 USD.USD)
P/S = 1.9503
P/B = 1.3118
Beta = 0.291
Revenue TTM = 12.4m USD
EBIT TTM = -16.3m USD
EBITDA TTM = -14.3m USD
Long Term Debt = 2.09m USD (from longTermDebt, last quarter)
Short Term Debt = 559.6k USD (from shortTermDebt, last quarter)
Debt = 3.09m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.70m USD (from netDebt column, last quarter)
Enterprise Value = 25.9m USD (24.2m + Debt 3.09m - CCE 1.39m)
Interest Coverage Ratio = -20.56 (Ebit TTM -16.3m / Interest Expense TTM 791.9k)
FCF Yield = -43.95% (FCF TTM -11.4m / Enterprise Value 25.9m)
FCF Margin = -91.74% (FCF TTM -11.4m / Revenue TTM 12.4m)
Net Margin = -134.2% (Net Income TTM -16.6m / Revenue TTM 12.4m)
Gross Margin = 16.54% ((Revenue TTM 12.4m - Cost of Revenue TTM 10.3m) / Revenue TTM)
Gross Margin QoQ = 26.36% (prev 17.69%)
Tobins Q-Ratio = 1.10 (Enterprise Value 25.9m / Total Assets 23.6m)
Interest Expense / Debt = 4.15% (Interest Expense 128.2k / Debt 3.09m)
Taxrate = 21.0% (US default 21%)
NOPAT = -12.9m (EBIT -16.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.27 (Total Current Assets 8.49m / Total Current Liabilities 3.73m)
Debt / Equity = 0.18 (Debt 3.09m / totalStockholderEquity, last quarter 17.3m)
Debt / EBITDA = -0.12 (negative EBITDA) (Net Debt 1.70m / EBITDA -14.3m)
Debt / FCF = -0.15 (negative FCF - burning cash) (Net Debt 1.70m / FCF TTM -11.4m)
Total Stockholder Equity = 17.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -70.53% (Net Income -16.6m / Total Assets 23.6m)
RoE = -93.41% (Net Income TTM -16.6m / Total Stockholder Equity 17.8m)
RoCE = -81.82% (EBIT -16.3m / Capital Employed (Equity 17.8m + L.T.Debt 2.09m))
RoIC = -59.26% (negative operating profit) (NOPAT -12.9m / Invested Capital 21.7m)
WACC = 6.66% (E(24.2m)/V(27.3m) * Re(7.09%) + D(3.09m)/V(27.3m) * Rd(4.15%) * (1-Tc(0.21)))
Discount Rate = 7.09% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -27.23%
Fair Price DCF = unknown (Cash Flow -11.4m)
EPS Correlation: -66.58 | EPS CAGR: -21.51% | SUE: -1.53 | # QB: 0
Revenue Correlation: 94.70 | Revenue CAGR: 615.2% | SUE: 0.33 | # QB: 0

Additional Sources for WKSP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle