Workhorse Probability Of Bankruptcy

WKHS -  USA Stock  

USD 10.71  0.49  4.38%

Workhorse Grp Probability Of Bankruptcy is used to show its chance of financial distress over the next two years of operations under current economic and market conditions. Workhorse Grp Probability Of Bankruptcy is determined by interpolating and adjusting Workhorse Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Workhorse balance sheet as well as cash flow and income statements available from the company's most recent filings. Check out Workhorse Grp Piotroski F Score and Workhorse Grp Altman Z Score analysis.

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Workhorse Grp Tangible Asset Value is relatively stable at the moment as compared to the past year. Workhorse Grp reported last year Tangible Asset Value of 13.18 Million

Workhorse Probability Of Bankruptcy Analysis

Workhorse Grp's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
 2020 2021 (projected)
Long Term Debt to Equity0.580.64
Interest Coverage1.331.32
Probability Of Bankruptcy 
 = 
Normalized 
 
Z-Score 
More About Probability Of Bankruptcy | All Equity Analysis

Current Workhorse Grp Probability Of Bankruptcy

    
  96%  
Most of Workhorse Grp's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Workhorse Grp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Workhorse Grp probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Workhorse Grp odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Workhorse Grp financial health.
The market value of Workhorse Grp is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse Grp's value that differs from its market value or its book value, called intrinsic value, which is Workhorse Grp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse Grp's market value can be influenced by many factors that don't directly affect Workhorse Grp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse Grp's value and its price as these two are different measures arrived at by different means. Investors typically determine Workhorse Grp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse Grp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Workhorse Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Workhorse Grp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Workhorse Grp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Workhorse Grp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Workhorse Grp's interrelated accounts and indicators.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Compare to competition

Based on the latest financial disclosure, Workhorse Grp has a Probability Of Bankruptcy of 96%. This is 131.94% higher than that of the Consumer Cyclical sector and 109.93% higher than that of the Auto Manufacturers industry. The probability of bankruptcy for all United States stocks is 141.02% lower than that of the firm.

Workhorse Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Workhorse Grp's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Workhorse Grp could also be used in its relative valuation, which is a method of valuing Workhorse Grp by comparing valuation metrics of similar companies.
Workhorse Grp is currently under evaluation in probability of bankruptcy category among related companies.

Workhorse Grp Main Bankruptcy Drivers

201620172018201920202021 (projected)
Return on Average Assets(157.19)(320.5)(261.44)(118.96)20.4322.04
Asset Turnover0.510.820.05470.01210.0040650.004172
Total Liabilities6.42 M13.63 M27.23 M66.44 M237.34 M256.08 M
Current Liabilities4.33 M11.92 M18.92 M47.04 M17.6 M14.28 M
Total Assets10.24 M16.12 M11.8 M50.67 M632.54 M682.48 M
Current Assets3.92 M10.31 M6.37 M31.52 M290.49 M313.43 M
Net Cash Flow from Operations(19.03 M)(38.66 M)(21.75 M)(36.87 M)(70.28 M)(72.13 M)
Weighted Average Shares25.2 M38.76 M50.38 M64.31 M92.87 M100.2 M
Weighted Average Shares Diluted25.2 M38.76 M50.38 M64.31 M99.95 M107.84 M

Workhorse Fundamentals

About Workhorse Grp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Workhorse Grp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Workhorse Grp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Workhorse Grp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio. Workhorse Grp operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 130 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Workhorse Grp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Check out Workhorse Grp Piotroski F Score and Workhorse Grp Altman Z Score analysis. Note that the Workhorse Grp information on this page should be used as a complementary analysis to other Workhorse Grp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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The market value of Workhorse Grp is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse Grp's value that differs from its market value or its book value, called intrinsic value, which is Workhorse Grp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse Grp's market value can be influenced by many factors that don't directly affect Workhorse Grp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse Grp's value and its price as these two are different measures arrived at by different means. Investors typically determine Workhorse Grp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse Grp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.