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Workhorse Group Inc Stock Research

WKHS

1.27USD+0.03(+2.42%)Market Closed

Market Summary

USD1.27+0.03
Market Closed
2.42%

WKHS Stock Price

WKHS RSI Chart

WKHS Valuation

Market Cap

210.3M

Price/Earnings (Trailing)

-1.79

Price/Sales (Trailing)

41.87

EV/EBITDA

-0.72

Price/Free Cashflow

-1.89

WKHS Price/Sales (Trailing)

WKHS Profitability

Operating Margin

-649.99%

EBT Margin

-2334.71%

Return on Equity

-108%

Return on Assets

-64.17%

Free Cashflow Yield

-52.92%

WKHS Fundamentals

WKHS Revenue

Revenue (TTM)

5.0M

Revenue Y/Y

7.7K%

Revenue Q/Q

122.59%

WKHS Earnings

Earnings (TTM)

-117.3M

Earnings Y/Y

75.24%

Earnings Q/Q

-9.17%

Price Action

52 Week Range

1.185.39
(Low)(High)

Last 7 days

-15.3%

Last 30 days

-36.8%

Last 90 days

-22.6%

Trailing 12 Months

-71.7%

WKHS Financial Health

Current Ratio

2.2

WKHS Investor Care

Shares Dilution (1Y)

9.01%

Diluted EPS (TTM)

-0.74

Peers (Alternatives to Workhorse Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
602.5B
81.5B
-5.20% -43.66%
47.98
7.4
51.35% 127.50%
48.8B
156.7B
-17.56% -23.65%
4.91
0.31
23.41% -0.85%
29.0B
17.5B
-7.68% -9.77%
48.89
1.66
11.98% 0.68%
11.1B
15.8B
-4.74% 23.53%
11.75
0.7
6.49% 75.79%
MID-CAP
8.2B
20.9B
-3.83% -3.36%
25.07
0.39
8.45% -12.36%
7.7B
8.8B
-1.32% 18.04%
18.19
0.87
7.44% -2.76%
6.3B
1.9B
-5.37% -6.37%
19.67
3.27
10.85% -11.65%
3.6B
14.3B
-13.47% 1.94%
-66.93
0.25
7.72% -105.97%
SMALL-CAP
1.7B
18.6B
8.17% 58.15%
-7.03
0.09
1.85% -200.42%
843.5M
5.8B
-16.55% -8.91%
13.12
0.15
12.52% 989.83%
485.0M
899.9M
-23.34% -1.77%
-23.72
0.54
16.80% -255.49%
226.2M
2.5B
-16.22% 29.61%
-1.05
0.09
8.38% 33.28%
210.3M
5.0M
-36.82% -71.71%
-1.79
41.87
105.05% 70.78%
191.4M
-
12.39% -16.45%
-27.7
2.33
-5.77% -145.33%

Financials for Workhorse Group

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue14.7%5,023,0724,379,7353,736,3973,093,0602,449,722
Gross Profit72.0%-32,649,236-116,804,200-120,963,240-131,548,845-133,344,032
Operating Expenses3.3%96,433,62893,370,26565,871,27756,943,47051,770,822
  S&GA Expenses-2.9%73,220,08875,383,26151,209,83045,185,22440,160,795
  R&D Expenses29.1%23,213,54017,987,00414,661,44711,758,24611,610,027
EBITDA43.4%-153,305,049-270,768,615-300,940,120-334,977,842-
EBITDA Margin50.6%-30.52-61.82-167--
Earnings Before Taxes50.0%-117,274,218-234,737,008-283,366,412-307,107,174-423,191,902
EBT Margin56.4%-23.35-53.60-157--
Interest Expenses-95.7%-37,976,043-19,404,629-29,787,927-12,644,164-
Net Income50.0%-117,274,218-234,723,849-280,433,762-302,892,577-401,344,813
Net Income Margin56.4%-23.35-53.59-155--
Free Cahsflow-11.6%-111,296,795-99,728,004-114,463,690-136,061,212-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-9.5%183202191210228
  Current Assets-14.6%139163165189216
    Cash Equivalents-17.3%99.00120140167202
  Inventory-23.5%9.0012.0013.0013.0010.00
  Net PPE26.1%22.0017.0014.0011.008.00
Liabilities5.0%74.0071.0027.0053.0053.00
  Current Liabilities4.9%63.0060.0018.0021.0028.00
    LT Debt, Current------
Shareholder's Equity-17.3%109131164156175
  Retained Earnings-6.6%-627-589-553-532-510
  Additional Paid-In Capital2.2%736720717688686
Shares Outstanding3.2%166160160152152
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-6.0%-93.80-88.51-106-128-132
  Share Based Compensation11.1%11.0010.009.006.005.00
Cashflow From Investing-122.5%-20.0289.0097.0097.00100
Cashflow From Financing110.4%11.00-110-7.21-7.09-6.82

Risks for WKHS

What is the probability of a big loss on WKHS?

100%


Probability that Workhorse Group stock will be more than 20% underwater in next one year

100%


Probability that Workhorse Group stock will be more than 30% underwater in next one year.

98.8%


Probability that Workhorse Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WKHS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Workhorse Group was unfortunately bought at previous high price.

Drawdowns

Returns for WKHS

Cumulative Returns on WKHS

-24.1%


7-Year Cumulative Returns

-14.8%


5-Year Cumulative Returns

-10.1%


3-Year Cumulative Returns

What are the long-term rolling returns for WKHS?

FIve years rolling returns for Workhorse Group.

Annualized Returns

Which funds bought or sold WKHS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-06
Rockefeller Capital Management L.P.
added
28.1
-3,000
7,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-83,058
93,942
-%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-89.78
-18,944
1,056
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-12,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
unchanged
-
-7,496
8,504
-%
2023-02-21
Boulder Wealth Advisors, LLC
new
-
-
-
-%
2023-02-16
HARBOUR INVESTMENTS, INC.
unchanged
-
-270
730
-%
2023-02-15
State of Wyoming
reduced
-38.66
-62,688
30,312
0.01%
2023-02-15
McIlrath & Eck, LLC
unchanged
-
228
228
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
added
36.72
-73,568
192,432
-%

1–10 of 41

Latest Funds Activity

Are funds buying WKHS calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WKHS
No. of Funds

Workhorse Group News

The News Heater

Workhorse Group Inc. (WKHS) Stock: A SWOT Analysis.

The News Heater,
43 hours ago

Stock Traders Daily

Seeking Alpha

StockNews.com

InvestorsObserver

InvestorsObserver

Schedule 13G FIlings of Workhorse Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
5.40%
8,857,480
SC 13G
Jan 31, 2023
blackrock inc.
7.0%
11,538,946
SC 13G/A
Feb 03, 2022
blackrock inc.
5.5%
8,653,590
SC 13G/A
Nov 12, 2021
cowen and company, llc
0.25%
344,712
SC 13G
Feb 16, 2021
marathon asset management lp
0.95%
1,153,184
SC 13G/A
Feb 12, 2021
seaport global asset management llc
3.20%
3,856,754
SC 13G/A
Feb 02, 2021
blackrock inc.
5.9%
7,097,121
SC 13G
Sep 11, 2020
lukens joseph theodore jr
1.8%
1,870,578
SC 13D/A
Aug 03, 2020
arosa capital management lp
4.8%
5,161,706
SC 13D/A
Jul 17, 2020
arosa capital management lp
6.3%
5,968,706
SC 13D/A

WKHS Fair Value

Workhorse Group fair value in different scenarios

The table shows the Fair Value estimates for Workhorse Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.21

-83.46%

0.24

-81.10%

0.34

-73.23%

0.46

-63.78%

0.66

-48.03%
Current Inflation

0.20

-84.25%

0.23

-81.89%

0.32

-74.80%

0.42

-66.93%

0.59

-53.54%
Very High Inflation

0.20

-84.25%

0.22

-82.68%

0.29

-77.17%

0.38

-70.08%

0.51

-59.84%

Historical Workhorse Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Workhorse Group

View All Filings
Date Filed Form Type Document
Mar 23, 2023
DEF 14A
DEF 14A
Mar 23, 2023
DEFA14A
DEFA14A
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading

Latest Insider Trading transactions for WKHS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Harrington James D.
sold (taxes)
-7,253
1.53
-4,741
general counsel
2023-03-01
DAUCH RICHARD F
sold (taxes)
-44,116
1.76
-25,066
chief executive officer
2023-02-25
Ackerson Gregory T.
sold (taxes)
-2,186
1.91
-1,145
controller
2023-02-23
Gaul Ryan Wesley
sold (taxes)
-25,973
1.99
-13,052
president, commercial vehicles
2023-02-23
GINNAN ROBERT M
sold (taxes)
-31,857
1.99
-16,009
chief financial officer
2023-02-23
Harrington James D.
sold (taxes)
-29,867
1.99
-15,009
general counsel
2023-02-23
Peters James
sold (taxes)
-12,986
1.99
-6,526
vp, supply chain management
2023-02-23
DAUCH RICHARD F
sold (taxes)
-230,949
1.99
-116,055
chief executive officer
2023-02-23
Graber John Wesley
sold (taxes)
-24,100
1.99
-12,111
president, aerospace
2023-02-23
Roraff Kerry
sold (taxes)
-15,064
1.99
-7,570
chief human resources officer

1–10 of 50

Richard F. Dauch
220
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles deployed. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.

WKHS Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Sales, net of returns and allowances$ 5,023,072$ (851,922)$ 1,392,519
Cost of sales37,672,308132,492,11013,067,108
Gross loss(32,649,236)(133,344,032)(11,674,589)
Operating expenses   
Selling, general and administrative73,220,08840,160,79520,157,658
Research and development23,213,54011,610,0279,148,931
Total operating expenses96,433,62851,770,82229,306,589
Loss from operations(129,082,864)(185,114,854)(40,981,178)
Interest expense, net1,837,88212,644,164190,520,337
Other income (loss)13,646,528(225,432,884)323,111,944
(Loss) income before (benefit) provision for income taxes(117,274,218)(423,191,902)91,610,429
(Benefit) provision for income taxes0(21,847,089)21,833,930
Net (loss) income$ (117,274,218)$ (401,344,813)$ 69,776,499
Net (loss) income attributable to common stockholders per share - basic (in usd per share)$ (0.74)$ (3.12)$ 0.75
Net (loss) income attributable to common stockholders per share - diluted (in usd per share)$ (0.74)$ (3.12)$ 0.70
Weighted average number of common shares outstanding - basic (in shares)158,576,305128,676,13192,871,936
Weighted average number of common shares outstanding - diluted (in shares)158,576,305128,676,13199,949,868

WKHS Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 99,276,301$ 201,647,394
Accounts receivable, less allowance for credit losses of $0 at December 31, 2022 and 20212,079,343149,776
Other receivable15,000,0000
Inventory, net8,850,14210,067,367
Prepaid expenses and other current assets14,152,4814,357,829
Total current assets139,358,267216,222,366
Property, plant and equipment, net21,501,0957,897,807
Investment in Tropos10,000,0000
Lease right-of-use assets11,706,8031,538,852
Other assets176,3102,479,865
Total Assets182,742,475228,138,890
Current liabilities:  
Accounts payable11,891,2797,849,607
Accrued liabilities and other44,551,49714,752,827
Deferred revenue, current3,375,0000
Warranty liability2,207,6744,583,916
Current portion of lease liability1,285,032363,714
Total current liabilities63,310,48227,550,064
Deferred revenue, long-term2,005,0000
Lease liability, long-term8,840,0621,191,053
Convertible notes, at fair value024,705,000
Total Liabilities74,155,54453,446,117
Commitments and contingencies
Stockholders’ Equity:  
Series A preferred stock, par value of $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding at December 31, 2022 and 202100
Common stock, par value of $0.001 per share, 250,000,000 shares authorized, 165,605,355 and 151,915,455 shares issued and outstanding at December 31, 2022 and 2021, respectively165,605151,916
Additional paid-in capital736,070,388686,318,201
Accumulated deficit(627,649,062)(510,374,844)
Accumulated other comprehensive loss0(1,402,500)
Total stockholders' equity108,586,931174,692,773
Total Liabilities and Stockholders' Equity$ 182,742,475$ 228,138,890