Workhorse Group Inc.Find Ratings Reports
WORKHORSE GROUP INC's gross profit margin for the second quarter of its fiscal year 2021 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing revenue growth, but not when comparing net income growth. WORKHORSE GROUP INC is extremely liquid. Currently, the Quick Ratio is 19.36 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 416.18% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
|Income Statement||Q2 FY21||Q2 FY20|
|Net Sales ($mil)||1.2||0.09|
|Net Income ($mil)||-43.62||-131.33|
|Balance Sheet||Q2 FY21||Q2 FY20|
|Cash & Equiv. ($mil)||338.86||26.2|
|Total Assets ($mil)||444.47||55.45|
|Total Debt ($mil)||200.9||116.65|
|Profitability||Q2 FY21||Q2 FY20|
|Gross Profit Margin||-1090.36||-1329.35|
|Return on Assets||7.25||-247.79|
|Return on Equity||14.46||0.0|
|Debt||Q2 FY21||Q2 FY20|
|Share Data||Q2 FY21||Q2 FY20|
|Shares outstanding (mil)||123.41||89.33|
|Div / share||0.0||0.0|
|Book value / share||1.81||-0.79|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||8919514.0||1.7351264E7|
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. To use another comparison, its price-to-book ratio of 3.52 indicates a discount versus the S&P 500 average of 4.74 and a significant discount versus the subsector average of 17.53. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, WORKHORSE GROUP INC seems to be trading at a premium to investment alternatives.
|WKHS NM||Peers 153.60||WKHS NM||Peers 51.50|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
WKHS's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
WKHS's P/CF is negative making the measure meaningless.
|WKHS NM||Peers 61.33||WKHS NA||Peers 0.56|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
WKHS's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|WKHS 3.52||Peers 17.53||WKHS 95.70||Peers 301.85|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
WKHS is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, WKHS is expected to significantly trail its peers on the basis of its earnings growth rate.
|WKHS 266.56||Peers 117.51||WKHS 1507.10||Peers 34.14|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
WKHS is trading at a significant premium to its subsector.
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share.
WKHS has a sales growth rate that significantly exceeds its peers.