Workhorse Group Inc.Find Ratings Reports
WORKHORSE GROUP INC's gross profit margin for the second quarter of its fiscal year 2019 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. WORKHORSE GROUP INC has very weak liquidity. Currently, the Quick Ratio is 0.44 which clearly shows a lack of ability to cover 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 significantly decreased by 773.31% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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|Income Statement||Q2 FY19||Q2 FY18|
|Net Sales ($mil)||0.01||0.17|
|Net Income ($mil)||-36.86||-6.91|
|Balance Sheet||Q2 FY19||Q2 FY18|
|Cash & Equiv. ($mil)||23.52||0.59|
|Total Assets ($mil)||35.67||11.6|
|Total Debt ($mil)||34.18||8.38|
|Profitability||Q2 FY19||Q2 FY18|
|Gross Profit Margin||-13800.0||-807.02|
|Return on Assets||-185.86||-322.69|
|Return on Equity||0.0||0.0|
|Debt||Q2 FY19||Q2 FY18|
|Share Data||Q2 FY19||Q2 FY18|
|Shares outstanding (mil)||66.08||45.0|
|Div / share||0.0||0.0|
|Book value / share||-0.68||-0.11|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||3157493.0||4753357.0|
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. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium.
|WKHS NM||Peers 16.06||WKHS NM||Peers 10.59|
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 12.91||WKHS NA||Peers 1.40|
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 NM||Peers 3.10||WKHS -10.89||Peers -332.66|
Neutral. 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's P/B is negative making this valuation measure meaningless.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
WKHS is expected to have an earnings growth rate that significantly exceeds its peers.
|WKHS 609.61||Peers 2.70||WKHS -95.51||Peers 5.87|
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.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
WKHS significantly trails its peers on the basis of sales growth.