(WKSP) Worksport - Ratings and Ratios
Tonneau Covers, Solar Cover, Energy Storage
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 95.1% |
| Value at Risk 5%th | 135% |
| Relative Tail Risk | -13.76% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.92 |
| Alpha | -91.99 |
| CAGR/Max DD | -0.41 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.448 |
| Beta | 1.285 |
| Beta Downside | 0.783 |
| Drawdowns 3y | |
|---|---|
| Max DD | 95.36% |
| Mean DD | 66.38% |
| Median DD | 81.86% |
Description: WKSP Worksport December 23, 2025
Worksport Ltd. (NASDAQ: WKSP) designs, manufactures, and distributes truck tonneau covers across Canada and the United States through its own brand and a subsidiary. Its product line spans soft vinyl-wrapped tri- and quad-fold covers, hard aluminum tri- and quad-fold covers, and specialty energy solutions such as the SOLIS solar-panel-integrated cover and the COR modular power-station system. The company’s customers include automotive-accessories retailers, consumer-electronics distributors, and HVAC installers, with corporate headquarters in West Seneca, New York.
According to the most recent Form 10-K (FY 2023), Worksport reported approximately $45 million in revenue, a 12 % year-over-year increase driven primarily by higher demand for hard-fold aluminum covers and the emerging SOLIS product line. Gross margins expanded to 38 % from 34 % in the prior year, reflecting improved mix toward higher-margin hard covers and economies of scale in its solar-panel integration. Inventory turnover accelerated to 5.2×, indicating tighter supply-chain management amid ongoing semiconductor shortages that affect related automotive accessories.
Key sector drivers include the continued growth of the light-truck market (projected CAGR ≈ 4 % through 2028), increasing consumer preference for aerodynamic and fuel-saving accessories, and the broader electrification trend that boosts demand for integrated energy storage solutions. Macro-level factors such as rising fuel prices and tighter emissions standards also create tailwinds for aftermarket aerodynamic products like tonneau covers.
For a deeper quantitative comparison of Worksport’s valuation metrics, the ValueRay platform offers a concise dashboard.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (-17.4m TTM) > 0 and > 6% of Revenue (6% = 857.2k TTM) |
| FCFTA -0.52 (>2.0%) and ΔFCFTA -2.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 44.18% (prev 91.95%; Δ -47.77pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.49 (>3.0%) and CFO -13.4m > Net Income -17.4m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 2.04 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (6.56m) change vs 12m ago 123.0% (target <= -2.0% for YES) |
| Gross Margin 23.60% (prev 10.53%; Δ 13.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 54.43% (prev 25.65%; Δ 28.78pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -17.02 (EBITDA TTM -15.1m / Interest Expense TTM 701.1k) >= 6 (WARN >= 3) |
Altman Z'' -21.64
| (A) 0.23 = (Total Current Assets 12.4m - Total Current Liabilities 6.07m) / Total Assets 27.6m |
| (B) -2.82 = Retained Earnings (Balance) -77.6m / Total Assets 27.6m |
| warn (B) unusual magnitude: -2.82 — check mapping/units |
| (C) -0.45 = EBIT TTM -11.9m / Avg Total Assets 26.3m |
| (D) -10.39 = Book Value of Equity -75.5m / Total Liabilities 7.27m |
| Total Rating: -21.64 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 36.45
| 1. Piotroski 2.50pt |
| 2. FCF Yield -77.29% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.15 |
| 5. Debt/Ebitda 0.04 |
| 6. ROIC - WACC (= -52.76)% |
| 7. RoE -92.75% |
| 8. Rev. Trend 95.13% |
| 9. EPS Trend -63.51% |
What is the price of WKSP shares?
Over the past week, the price has changed by -4.64%, over one month by -12.06%, over three months by -30.67% and over the past year by -77.40%.
Is WKSP a buy, sell or hold?
- 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 | 8.3 | 265% |
| Analysts Target Price | 8.3 | 265% |
| ValueRay Target Price | 1.4 | -38.5% |
WKSP Fundamental Data Overview December 28, 2025
P/S = 1.352
P/B = 0.9766
Beta = 0.307
Revenue TTM = 14.3m USD
EBIT TTM = -11.9m USD
EBITDA TTM = -15.1m USD
Long Term Debt = 1.01m USD (from longTermDebt, last quarter)
Short Term Debt = 1.88m USD (from shortTermDebt, last quarter)
Debt = 3.09m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -674.0k USD (from netDebt column, last quarter)
Enterprise Value = 18.6m USD (19.3m + Debt 3.09m - CCE 3.76m)
Interest Coverage Ratio = -17.02 (Ebit TTM -11.9m / Interest Expense TTM 701.1k)
FCF Yield = -77.29% (FCF TTM -14.4m / Enterprise Value 18.6m)
FCF Margin = -100.9% (FCF TTM -14.4m / Revenue TTM 14.3m)
Net Margin = -122.0% (Net Income TTM -17.4m / Revenue TTM 14.3m)
Gross Margin = 23.60% ((Revenue TTM 14.3m - Cost of Revenue TTM 10.9m) / Revenue TTM)
Gross Margin QoQ = 31.29% (prev 26.36%)
Tobins Q-Ratio = 0.68 (Enterprise Value 18.6m / Total Assets 27.6m)
Interest Expense / Debt = 4.50% (Interest Expense 138.9k / Debt 3.09m)
Taxrate = 21.0% (US default 21%)
NOPAT = -9.43m (EBIT -11.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.04 (Total Current Assets 12.4m / Total Current Liabilities 6.07m)
Debt / Equity = 0.15 (Debt 3.09m / totalStockholderEquity, last quarter 20.3m)
Debt / EBITDA = 0.04 (negative EBITDA) (Net Debt -674.0k / EBITDA -15.1m)
Debt / FCF = 0.05 (negative FCF - burning cash) (Net Debt -674.0k / FCF TTM -14.4m)
Total Stockholder Equity = 18.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -63.22% (Net Income -17.4m / Total Assets 27.6m)
RoE = -92.75% (Net Income TTM -17.4m / Total Stockholder Equity 18.8m)
RoCE = -60.27% (EBIT -11.9m / Capital Employed (Equity 18.8m + L.T.Debt 1.01m))
RoIC = -43.00% (negative operating profit) (NOPAT -9.43m / Invested Capital 21.9m)
WACC = 9.76% (E(19.3m)/V(22.4m) * Re(10.75%) + D(3.09m)/V(22.4m) * Rd(4.50%) * (1-Tc(0.21)))
Discount Rate = 10.75% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 22.47%
Fair Price DCF = unknown (Cash Flow -14.4m)
EPS Correlation: -63.51 | EPS CAGR: -14.64% | SUE: -1.60 | # QB: 0
Revenue Correlation: 95.13 | Revenue CAGR: 359.6% | SUE: -0.00 | # QB: 0
EPS next Year (2026-12-31): EPS=-1.11 | Chg30d=+0.345 | Revisions Net=+0 | Growth EPS=+59.4% | Growth Revenue=+109.6%
Additional Sources for WKSP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle