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Consumer Cyclical - Auto - Parts - NASDAQ - CA
$ 3.145
-4.26 %
$ 16.4 M
Market Cap
-0.59
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one WKSP stock under the worst case scenario is HIDDEN Compared to the current market price of 3.15 USD, Worksport Ltd. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one WKSP stock under the base case scenario is HIDDEN Compared to the current market price of 3.15 USD, Worksport Ltd. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one WKSP stock under the best case scenario is HIDDEN Compared to the current market price of 3.15 USD, Worksport Ltd. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart WKSP

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$11.0$11.0$10.0$10.0$9.0$9.0$8.0$8.0$7.0$7.0$6.0$6.0$5.0$5.0$4.0$4.0$3.0$3.0$2.0$2.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
8.48 M REVENUE
454.67%
-15.5 M OPERATING INCOME
-5.05%
-16.2 M NET INCOME
-8.27%
-10.1 M OPERATING CASH FLOW
15.02%
-528 K INVESTING CASH FLOW
85.94%
12.2 M FINANCING CASH FLOW
174.92%
2.24 M REVENUE
-23.49%
-4.26 M OPERATING INCOME
-6.13%
-4.3 M NET INCOME
-4.01%
-2.18 M OPERATING CASH FLOW
-41.72%
-27.5 K INVESTING CASH FLOW
83.35%
5.23 M FINANCING CASH FLOW
3790.63%
Balance Sheet Worksport Ltd.
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Current Assets 10.5 M
Cash & Short-Term Investments 4.88 M
Receivables 212 K
Other Current Assets 5.38 M
Non-Current Assets 15.3 M
Long-Term Investments 66.3 K
PP&E 14.2 M
Other Non-Current Assets 953 K
18.97 %20.91 %55.33 %3.70 %Total Assets$25.7m
Current Liabilities 3.17 M
Accounts Payable 1.53 M
Short-Term Debt 470 K
Other Current Liabilities 1.18 M
Non-Current Liabilities 5.15 M
Long-Term Debt 5.15 M
Other Non-Current Liabilities 0
18.34 %5.64 %14.15 %61.87 %Total Liabilities$8.3m
EFFICIENCY
Earnings Waterfall Worksport Ltd.
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Revenue 8.48 M
Cost Of Revenue 7.58 M
Gross Profit 906 K
Operating Expenses 16.4 M
Operating Income -15.5 M
Other Expenses 683 K
Net Income -16.2 M
10m10m5m5m00(5m)(5m)(10m)(10m)(15m)(15m)(20m)(20m)8m(8m)906k(16m)(15m)(683k)(16m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
10.67% GROSS MARGIN
10.67%
-182.46% OPERATING MARGIN
-182.46%
-190.51% NET MARGIN
-190.51%
-92.82% ROE
-92.82%
-62.80% ROA
-62.80%
-67.21% ROIC
-67.21%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Worksport Ltd.
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00(2m)(2m)(4m)(4m)(6m)(6m)(8m)(8m)(10m)(10m)(12m)(12m)(14m)(14m)(16m)(16m)(18m)(18m)(20m)(20m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -16.2 M
Depreciation & Amortization 1.75 M
Capital Expenditures -528 K
Stock-Based Compensation 0
Change in Working Capital 1.3 M
Others 4.28 M
Free Cash Flow -10.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Worksport Ltd.
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Wall Street analysts predict an average 1-year price target for WKSP of $4.06 , with forecasts ranging from a low of $1.5 to a high of $11.5 .
WKSP Lowest Price Target Wall Street Target
1.5 USD -52.31%
WKSP Average Price Target Wall Street Target
4.06 USD 29.17%
WKSP Highest Price Target Wall Street Target
11.5 USD 265.66%
Price
Max Price Target
Min Price Target
Average Price Target
121211111010998877665544332211Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 13
6. Ownership
Insider Ownership Worksport Ltd.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
25 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones Company Projects Millions in New 2025 Revenues. Modular Nano-Grid System Delivers 4,000Wh+ of Solar Generated Energy; Targeting Vehicles, Jobsites, Military, and Portable Power Markets. globenewswire.com - 2 weeks ago
Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones Company Projects Millions in New 2025 Revenues. Modular Nano-Grid System Delivers 4,000Wh+ of Solar Generated Energy; Targeting Vehicles, Jobsites, Military, and Portable Power Markets. newsfilecorp.com - 2 weeks ago
Worksport Surpasses Monthly Sales Record in April on Strong AL4 Performance AL4 Drives 40% of Sales Within Weeks of Launch; Application Rollout Nearing Completion with Significant Growth Expected to Continue West Seneca, New York--(Newsfile Corp. - June 2, 2025) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is excited to announce record-high April sales totaling about $1.22 million, with its premium AL4 tonneau cover accounting for approximately 40% of total product sales-a milestone achievement for a product that launched just weeks earlier. newsfilecorp.com - 2 weeks ago
Worksport Surpasses Monthly Sales Record in April on Strong AL4 Performance AL4 Drives 40% of Sales Within Weeks of Launch; Application Rollout Nearing Completion with Significant Growth Expected to Continue globenewswire.com - 2 weeks ago
Worksport Ltd. (WKSP) Q1 2025 Earnings Call Transcript Worksport Ltd. (NASDAQ:WKSP ) Q1 2025 Earnings Conference Call May 15, 2025 4:30 PM ET Company Participants Steven Rossi - Founder & CEO Michael Johnston - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Scott Buck - H.C. seekingalpha.com - 1 month ago
Worksport Ltd. Reports Q1 2025 Results: 337% Revenue Growth and 157% Margin Expansion Year-over-Year Company Forecasts Detailed Revenue Guidance with Cash Flow Positive Objectives  West Seneca, New York, May 15, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced its financial results for the fiscal quarter ending March 31, 2025. globenewswire.com - 1 month ago
Worksport Ltd. Reports Q1 2025 Results: 337% Revenue Growth and 157% Margin Expansion Year-over-Year Company Forecasts Detailed Revenue Guidance with Cash Flow Positive Objectives West Seneca, New York--(Newsfile Corp. - May 15, 2025) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced its financial results for the fiscal quarter ending March 31, 2025. newsfilecorp.com - 1 month ago
Worksport Announces First Quarter 2025 Earnings Release Date and Conference Call Details West Seneca, New York, May 12, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today announced that it will release its financial results for the first quarter fiscal year 2025, on Thursday, May 15, 2025, after market closes. globenewswire.com - 1 month ago
Worksport Ltd. Announces Participation in the D. West Seneca, New York--(Newsfile Corp. - May 1, 2025) -  Worksport Ltd. (NASDAQ: WKSP), today announced its participation in the D. newsfilecorp.com - 1 month ago
Worksport Forms Strategic Partnership with Patriot Automotive Technologies to Accelerate Nationwide Expansion and Drive Millions in Annual Recurring Revenue Patriot's 200+ U.S. Dealer Network Expected to Sell Worksport-Made Products, Marking a Major Growth Milestone. West Seneca, New York--(Newsfile Corp. - April 29, 2025) - Worksport Ltd. newsfilecorp.com - 1 month ago
Worksport Forms Strategic Partnership with Patriot Automotive Technologies to Accelerate Nationwide Expansion and Drive Millions in Annual Recurring Revenue Patriot's 200+ U.S. Dealer Network Expected to Sell Worksport-Made Products, Marking a Major Growth Milestone. West Seneca, New York, April 29, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. globenewswire.com - 1 month ago
Worksport Grows Dealer Network 64% in Q1 2025; March B2B Sales Increase 70% on U.S.-Made AL4 Demand Three Consecutive Months of Dealer Growth and Strong AL4 Sales Momentum Highlight Accelerating Market Adoption of Worksport's US Made Products West Seneca, New York--(Newsfile Corp. - April 22, 2025) - Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced strong first-quarter gains in its business-to-business (B2B) vertical, supported by accelerating demand for the AL4 premium tonneau cover. newsfilecorp.com - 1 month ago
8. Profile Summary

Worksport Ltd. WKSP

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COUNTRY CA
INDUSTRY Auto - Parts
MARKET CAP $ 16.4 M
Dividend Yield 0.00%
Description Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company offers soft cover (SC) and tough cover (TC) tonneau covers, including SC3, a tri-fold cover that seals around the truck bed with a rubber gasket designed to protect cargo from moisture and debris; SC3pro that allows the operator to open the cover by pulling a release cable; and TC3, a thick aluminum tri-cover panel with a honey-comb core coated in a durable black scratch-resistant powder coating. It is also developing TerraVis, a solar cover tonneau cover that gives rechargeable portable power to pickup truck owners. The company distributes its products through wholesalers and online retail channels. It serves private labels and original equipment manufacturers. Worksport Ltd. has a collaboration agreement with Greatcell Energy Pty Ltd. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport Ltd. is based in Vaughan, Canada.
Contact 7299 East Danbro Crescent, West Seneca, ON, L5N 6P8 https://www.worksport.com
IPO Date June 21, 2001
Employees 80
Officers Mr. Steven F. Rossi Founder, Chairman, President, Chief Executive Officer & Secretary Chris Bernaudo Chief Operations Officer Nilay Choksi General Counsel Mr. Steven Raivio Executive Director of Sales Mr. Michael D. Johnston C.A., CPA, CA, CPA Chief Financial Officer