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WKHS - Workhorse Group Inc.

NASDAQ -> Consumer Cyclical -> Auto Manufacturers
Loveland, United States

WKHS price evolution
WKHS
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $230.42 $156.61 $205.07 $241.23
Short term investments $182.25 $193.95
Net receivables $0.1 $1.95 $1.14 $1.04
Inventory $61.5 $49.51 $30.67 $15.47
Total current assets $327 $430.58 $467.41 $290.49
Long term investments $330.65
Property, plant & equipment $13.86 $13.89 $12.35 $11.4
Goodwill & intangible assets
Total noncurrent assets $13.86 $13.89 $12.35 $342.05
Total investments $182.25 $193.95 $330.65
Total assets $340.86 $444.47 $479.76 $632.54
Current liabilities
Accounts payable $6.02 $7.54 $6.37 $4.79
Deferred revenue
Short long term debt $155.51 $1.41
Total current liabilities $174.93 $17.6 $17.55 $17.6
Long term debt $24.79 $200.9 $182.2 $197.7
Total noncurrent liabilities $25 $204.03 $186.61 $219.74
Total debt $180.3 $200.9 $182.2 $199.11
Total liabilities $199.93 $221.63 $204.16 $237.34
Shareholders' equity
Retained earnings -$354.27 -$273.16 -$229.54 -$109.03
Other shareholder equity -$10.2 -$10.2 -$0
Total shareholder equity $140.93 $222.84 $275.6 $395.2
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Current assets
Cash $241.23 $24.87 $1.51 $4.07
Short term investments
Net receivables $1.04 $0.04 $0.05 $1.06
Inventory $15.47 $1.8 $2.53 $4.24
Total current assets $290.49 $31.52 $6.37 $10.31
Long term investments $330.65 $12.32 $0.2 $0.21
Property, plant & equipment $11.4 $6.83 $5.24 $5.6
Goodwill & intangible assets
Total noncurrent assets $342.05 $19.15 $5.44 $5.81
Total investments $330.65 $12.32 $0.2 $0.21
Total assets $632.54 $50.67 $11.8 $16.12
Current liabilities
Accounts payable $4.79 $1.68 $4.34 $5.59
Deferred revenue
Short long term debt $1.41 $19.62 $1.34 $0.38
Total current liabilities $17.6 $47.04 $18.92 $7.16
Long term debt $197.7 $19.4 $8.31 $6.47
Total noncurrent liabilities $219.74 $38.54 $8.31 $6.47
Total debt $199.11 $39.02 $9.65 $6.85
Total liabilities $237.34 $85.59 $27.23 $13.63
Shareholders' equity
Retained earnings -$109.03 -$178.81 -$141.56 -$105.31
Other shareholder equity $0
Total shareholder equity $395.2 -$34.91 -$15.42 $2.49
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Revenue
Total revenue -$0.58 $1.2 $0.52 $0.65
Cost of revenue $11.55 $14.8 $6.23 $6.99
Gross Profit -$12.13 -$13.59 -$5.7 -$6.34
Operating activities
Research & development $2.8 $2.12 $3.86 $4.02
Selling, general & administrative $10.58 $7.01 $6.89 $4.69
Total operating expenses $13.38 $9.13 $10.75 $8.71
Operating income -$25.51 -$22.72 -$16.45 -$15.05
Income from continuing operations
EBIT -$102.63 -$34.42 -$138.14 $307.2
Income tax expense -$2.92 -$1.28 -$17.63 $21.83
Interest expense -$18.6 $10.48 $4.88
Net income
Net income -$81.12 -$43.62 -$120.51 $280.48
Income (for common shares) -$81.12 -$43.62 -$120.51 $280.48
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue $1.39 $0.38 $0.76 $10.85
Cost of revenue $13.07 $5.84 $15.95 $24.52
Gross Profit -$11.67 -$5.47 -$15.19 -$13.67
Operating activities
Research & development $9.15 $8.2 $7.39 $18.06
Selling, general & administrative $20.16 $10.2 $11.49 $10.33
Total operating expenses $29.31 $18.4 $18.88 $28.39
Operating income -$40.98 -$23.87 -$34.07 -$42.06
Income from continuing operations
EBIT $282.13 -$8.02 -$34.07 -$42.06
Income tax expense $21.83
Interest expense $190.52 $29.15 $2.43 $0.18
Net income
Net income $69.78 -$37.16 -$36.5 -$42.24
Income (for common shares) $69.78 -$37.16 -$37.27 -$42.24
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income -$81.12 -$43.62 -$120.51 $280.48
Operating activities
Depreciation $0.55 $0.48 $0.31 $0.24
Business acquisitions & disposals
Stock-based compensation $1.22 $1.14 $0.89 $1.25
Total cash flows from operations -$28.78 -$46.36 -$34.9 -$32.64
Investing activities
Capital expenditures -$0.52 -$2.02 -$1.26 -$4.09
Investments
Total cash flows from investing -$0.52 -$2.02 -$1.26 -$4.09
Financing activities
Dividends paid
Sale and purchase of stock -$2.01 -$0.08 $0.01 $4.28
Net borrowings $193.45
Total cash flows from financing $103.11 -$0.08 $0.01 $197.73
Effect of exchange rate
Change in cash and equivalents $73.81 -$48.46 -$36.15 $161.01
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income $69.78 -$37.16 -$36.5 -$42.24
Operating activities
Depreciation $0.81 $0.39 $0.35 $0.55
Business acquisitions & disposals $3.65
Stock-based compensation $4.02 $1.98 $1.06 $1.43
Total cash flows from operations -$70.28 -$36.87 -$21.75 -$38.66
Investing activities
Capital expenditures -$5.73 -$2 -$0.02 -$0.14
Investments
Total cash flows from investing -$5.73 $1.65 -$0.02 -$0.14
Financing activities
Dividends paid
Sale and purchase of stock $53.58 $5.96 $16.51 $37.69
Net borrowings $263.79 $27.61 $2.71 $4.71
Total cash flows from financing $292.37 $58.57 $19.22 $42.41
Effect of exchange rate
Change in cash and equivalents $216.36 $23.36 -$2.56 $3.6
Fundamentals
Market cap $702.33M
Enterprise value $652.21M
Shares outstanding 140.19M
Revenue $1.80M
EBITDA $33.58M
EBIT $32.00M
Net Income $35.24M
Revenue Q/Q -202.11%
Revenue Y/Y 141.93%
P/E ratio 19.93
EV/Sales 362.56
EV/EBITDA 19.42
EV/EBIT 20.38
P/S ratio 390.42
P/B ratio 4.65
Book/Share 1.08
Cash/Share 1.64
EPS $0.25
ROA 7.43%
ROE 13.63%
Debt/Equity 0.60
Net debt/EBITDA -0.91
Current ratio 1.87
Quick ratio 1.52