Worksport Stock EBITDA
| WKSP Stock | USD 0.71 0.01 1.43% |
Worksport fundamentals help investors to digest information that contributes to Worksport's financial success or failures. It also enables traders to predict the movement of Worksport Stock. The fundamental analysis module provides a way to measure Worksport's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Worksport stock.
| Last Reported | Projected for Next Year | ||
| EBITDA | -13.2 M | -12.5 M |
Worksport | EBITDA |
Worksport Company EBITDA Analysis
Worksport's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Worksport EBITDA | (13.21 M) |
Most of Worksport's fundamental indicators, such as EBITDA, 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, Worksport is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Worksport EBITDA Driver Correlations
Understanding the fundamental principles of building solid financial models for Worksport is extremely important. It helps to project a fair market value of Worksport Stock properly, considering its historical fundamentals such as EBITDA. Since Worksport'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 Worksport'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 Worksport's interrelated accounts and indicators.
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In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
Worksport Ebitda
According to the company disclosure, Worksport reported earnings before interest,tax, depreciation and amortization of (13.21 Million). This is 101.29% lower than that of the Automobile Components sector and 102.21% lower than that of the Consumer Discretionary industry. The ebitda for all United States stocks is 100.34% higher than that of the company.
Worksport EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Worksport's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Worksport could also be used in its relative valuation, which is a method of valuing Worksport by comparing valuation metrics of similar companies.Worksport is currently under evaluation in ebitda category among related companies.
Worksport Institutional Holders
Institutional Holdings refers to the ownership stake in Worksport that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Worksport's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Worksport's value.| Shares | Oakmont Partners, Llc | 2023-12-31 | 10 K | Advisor Group Holdings, Inc. | 2023-12-31 | 9.2 K | Tower Research Capital Llc | 2023-12-31 | 4.4 K | Huntington National Bank | 2023-12-31 | 2.6 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.8 K | Blackrock Inc | 2023-12-31 | 1.1 K | Simplex Trading, Llc | 2024-03-31 | 985 | Royal Bank Of Canada | 2023-12-31 | 675 | Jpmorgan Chase & Co | 2023-12-31 | 443 | Armistice Capital, Llc | 2023-12-31 | 1.7 M | Vanguard Group Inc | 2023-12-31 | 150.5 K |
Worksport Fundamentals
| Return On Equity | -0.71 | |||
| Return On Asset | -0.31 | |||
| Operating Margin | (4.23) % | |||
| Current Valuation | 21.7 M | |||
| Shares Outstanding | 24.1 M | |||
| Shares Owned By Insiders | 14.47 % | |||
| Shares Owned By Institutions | 14.92 % | |||
| Number Of Shares Shorted | 187.73 K | |||
| Price To Book | 0.63 X | |||
| Price To Sales | 7.53 X | |||
| Revenue | 1.53 M | |||
| Gross Profit | (46.95 K) | |||
| EBITDA | (13.21 M) | |||
| Net Income | (14.93 M) | |||
| Cash And Equivalents | 20.94 M | |||
| Cash Per Share | 1.23 X | |||
| Total Debt | 6.24 M | |||
| Debt To Equity | 0.24 % | |||
| Current Ratio | 10.58 X | |||
| Book Value Per Share | 0.90 X | |||
| Cash Flow From Operations | (11.93 M) | |||
| Short Ratio | 0.45 X | |||
| Earnings Per Share | (0.84) X | |||
| Target Price | 1.5 | |||
| Number Of Employees | 70 | |||
| Beta | 0.9 | |||
| Market Capitalization | 20.32 M | |||
| Total Asset | 25.95 M | |||
| Retained Earnings | (48.31 M) | |||
| Working Capital | 1.96 M | |||
| Net Asset | 25.95 M |
About Worksport Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Worksport's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Worksport using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Worksport 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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Worksport is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Worksport Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Worksport Stock. Highlighted below are key reports to facilitate an investment decision about Worksport Stock:Check out Worksport Piotroski F Score and Worksport Altman Z Score analysis. To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Worksport Stock analysis
When running Worksport's price analysis, check to measure Worksport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.
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Is Worksport's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Worksport. If investors know Worksport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Worksport listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.84) | Revenue Per Share 0.086 | Quarterly Revenue Growth 20.488 | Return On Assets (0.31) | Return On Equity (0.71) |
The market value of Worksport is measured differently than its book value, which is the value of Worksport that is recorded on the company's balance sheet. Investors also form their own opinion of Worksport's value that differs from its market value or its book value, called intrinsic value, which is Worksport'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 Worksport's market value can be influenced by many factors that don't directly affect Worksport's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Worksport's value and its price as these two are different measures arrived at by different means. Investors typically determine if Worksport is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Worksport'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.