Bedrijfsoverzicht
Workhorse Group, Inc. is a specialized manufacturer dedicated to the design and production of electric trucks alongside comprehensive fleet charging infrastructure solutions. Operating within the Consumer Cyclical sector and specifically under the Auto Manufacturers industry, the company focuses on delivering electric vehicles tailored for medium-duty fleet applications, such as the proprietary Argo electric truck and Argo chassis which integrate custom battery, drivetrain, and cab systems. The entity currently maintains a market capitalization of $25.50M and generates annual revenue of $21.21M, while the specific employee count is not disclosed in available records. These financial figures indicate that the company operates on a micro-cap scale with a revenue base that is modest relative to established automotive giants, suggesting a niche position in the emerging electric commercial vehicle market rather than a broad-scale market leader.
Financiële gezondheid
The company reported a revenue of $21.21M over the trailing twelve months, yet this top-line performance is accompanied by a net income of $-64,086,000 and an EBITDA of $-39,505,000, revealing a significant structural cost burden where expenses drastically outpace generated income. The free cash flow stands at $-26,827,624, which indicates a substantial consumption of cash reserves and suggests limited financial flexibility for immediate expansion or debt repayment without external capital injection. The gross margin is reported at -45.0%, the operating margin at -137.4%, and the profit margin at 0.0%, collectively illustrating a business model currently operating at a loss at every stage of the value chain, including manufacturing and selling expenses. On the balance sheet, the company holds $12.92M in cash against $37.82M in debt, resulting in a debt-to-equity ratio of 87.87, which characterizes a highly leveraged financial structure rather than a conservative one. Despite the heavy debt load, the current ratio of 1.54 implies that the company possesses sufficient current assets to cover its current liabilities, suggesting a manageable level of short-term liquidity pressure. Furthermore, the return on equity is -5768.3% and the return on assets is -32.8%, metrics that highlight the severe erosion of shareholder and asset value due to the persistent negative earnings performance.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is not applicable due to negative earnings, while the forward P/E stands at -1.53, a disparity that reflects the market's valuation of a company with no current profitability and uncertain future earnings trajectory. The price-to-book ratio is listed as -0.28, which indicates a market valuation that is significantly below the company's book value, often signaling deep distress or a total lack of confidence in the asset base's recoverable value. Alternative valuation metrics such as the price-to-sales ratio of 1.20 and an EV/EBITDA of -1.28 provide context for a pre-profitability entity, suggesting that investors are pricing the company primarily on revenue potential rather than earnings power. The stock has experienced extreme volatility over the last year, with a 52-week high of $67.32 and a 52-week low of $2.36, placing the current trading price in a range that requires calculation against these extremes to determine relative position. The beta value is not available in the provided data, preventing a direct comparison of the stock's price volatility relative to the broader market index.
Growth & Income
Workhorse Group, Inc. achieved a revenue growth rate of 63.7% year-over-year, whereas earnings growth is not applicable due to negative net income, implying that the recent top-line expansion has not yet translated into profitability or cost efficiencies. As the company does not pay dividends, the dividend yield and payout ratio are both not applicable, meaning the firm retains all earnings to fund operations and growth initiatives rather than distributing cash to shareholders. The overall growth and income profile is defined by rapid revenue expansion occurring simultaneously with significant operational losses, creating a high-risk environment where income generation is deferred in favor of scaling the electric truck business. This dynamic results in a financial picture where market capitalization growth is decoupled from fundamental earnings performance, relying entirely on future operational success to bridge the current deficit.