Worksport Ltd WKSP

Morningstar Rating
$0.73 +0.02 (2.54%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

WKSP is trading at a LOCK|^TKW& premium.
Price
$0.73
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation

News

Trading Information

Previous Close Price
$0.71
Day Range
$0.710.73
52-Week Range
$0.574.46
Bid/Ask
$0.72 / $0.76
Shares Outstanding
14.92M
Market Cap
$10.86M
Volume/Avg
21,093 / 6M

Key Statistics

Price/Earnings (Normalized)
Price/Sales
0.32
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield

Company Profile

Worksport Ltd designs, develops, and manufactures products for markets including automotive accessories, consumer electronics, and residential and commercial HVAC systems. The company leverages a growing intellectual property portfolio of patents, designs, and trademarks covering products such as tonneau covers, solar-integrated tonneau covers, portable power stations, hydrogen-based green energy systems, heat pumps, and EV charging solutions. Its segments include soft tonneau covers, consisting mainly of vinyl-wrapped tri-fold and quad-fold covers manufactured by third-party suppliers, and hard tonneau covers, which generate the majority of revenue in the United States and include aluminum tri-fold and quad-fold covers manufactured and assembled in the United States.
Sector
Consumer Cyclical
Industry
Auto Parts
Stock Style Box
Small Value
Total Number of Employees
122

Valuation

Metric
WKSP
Price/Earnings (Normalized)
Price/Book Value
0.42
Price/Sales
0.32
Price/Cash Flow
Price/Earnings
No chart available

Financial Strength

Metric
WKSP
Quick Ratio
0.19
Current Ratio
1.95
Interest Coverage
−41.30
Quick Ratio
WKSP

Profitability

Metric
WKSP
Return on Assets (Normalized)
−76.24%
Return on Equity (Normalized)
−103.53%
Return on Invested Capital (Normalized)
−86.93%
Return on Assets
WKSP

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