Worksport Stock EBITDA
| WKSP Stock | USD 0.84 0.03 3.70% |
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 | (13.2 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 (13.2 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 its peers.
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 | Tower Research Capital Llc | 2024-09-30 | 9.5 K | Northwestern Mutual Wealth Management Co | 2024-09-30 | 3 K | Advisor Group Holdings, Inc. | 2024-09-30 | 2.8 K | Huntington National Bank | 2024-09-30 | 2.6 K | Group One Trading, Lp | 2024-09-30 | 1.5 K | Blackrock Inc | 2024-06-30 | 1.1 K | Royal Bank Of Canada | 2024-09-30 | 675 | Bank Of America Corp | 2024-09-30 | 313 | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 75.0 | Armistice Capital, Llc | 2024-09-30 | 3 M | Geode Capital Management, Llc | 2024-09-30 | 236.6 K |
Worksport Fundamentals
| Return On Equity | -0.8 | ||||
| Return On Asset | -0.35 | ||||
| Operating Margin | (2.03) % | ||||
| Current Valuation | 30.68 M | ||||
| Shares Outstanding | 32.94 M | ||||
| Shares Owned By Insiders | 8.24 % | ||||
| Shares Owned By Institutions | 9.36 % | ||||
| Number Of Shares Shorted | 868.74 K | ||||
| Price To Book | 1.62 X | ||||
| Price To Sales | 7.11 X | ||||
| Revenue | 1.53 M | ||||
| Gross Profit | (46.95 K) | ||||
| EBITDA | (13.2 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 | 2.04 X | ||||
| Earnings Per Share | (0.66) X | ||||
| Target Price | 1.75 | ||||
| Number Of Employees | 70 | ||||
| Beta | 0.64 | ||||
| Market Capitalization | 26.53 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.
Pair Trading with Worksport
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Worksport position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Worksport will appreciate offsetting losses from the drop in the long position's value.Moving against Worksport Stock
| 0.72 | HOG | Harley Davidson | PairCorr |
| 0.66 | FFIE | Faraday Future Intel Buyout Trend | PairCorr |
| 0.66 | FOXF | Fox Factory Holding | PairCorr |
| 0.61 | HMC | Honda Motor | PairCorr |
| 0.57 | LEA | Lear | PairCorr |
The ability to find closely correlated positions to Worksport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worksport when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Worksport - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Worksport to buy it.
The correlation of Worksport is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Worksport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worksport moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Worksport can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.