XNASWKSP
Market cap26mUSD
Dec 23, Last price
0.81USD
1D
-3.49%
1Q
88.29%
Name
Worksport Ltd
Chart & Performance
P/E
—
P/S
17.34
EPS
—
Div Yield, %
0.00%
Shrs. gr., 5y
73.74%
Rev. gr., 5y
26.01%
Revenues
2m
+1,212.97%
Net income
-15m
L+22.15%
CFO
-12m
L+49.54%
Earnings
Feb 04, 2025
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
| Income | ||||||||||
Revenues | 1,530 1,212.97% | 117 -61.65% | 304 -12.25% | |||||||
Cost of revenue | 16,269 | 12,901 | 7,861 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | (14,739) | (12,784) | (7,558) | |||||||
NOPBT Margin | ||||||||||
Operating Taxes | (313) | 295 | ||||||||
Tax Rate | ||||||||||
NOPAT | (14,739) | (12,471) | (7,852) | |||||||
Net income | (14,929) 22.15% | (12,222) 49.19% | (8,192) 420.50% | |||||||
Dividends | ||||||||||
Dividend yield | ||||||||||
Proceeds from repurchase of equity | 4,476 | 24,398 | ||||||||
BB yield | -16.98% | -87.64% | ||||||||
| Debt | ||||||||||
Debt current | 5,630 | 433 | 540 | |||||||
Long-term debt | 1,546 | 7,456 | 847 | |||||||
Deferred revenue | ||||||||||
Other long-term liabilities | ||||||||||
Net debt | 3,720 | (6,345) | (27,205) | |||||||
| Cash flow | ||||||||||
Cash from operating activities | (11,931) | (7,978) | (4,047) | |||||||
CAPEX | (3,690) | (11,151) | (1,132) | |||||||
Cash from investing activities | (3,756) | (11,151) | (1,132) | |||||||
Cash from financing activities | 4,432 | 5,182 | 32,638 | |||||||
FCF | (19,357) | (21,709) | (13,575) | |||||||
| Balance | ||||||||||
Cash | 3,366 | 14,210 | 28,567 | |||||||
Long term investments | 91 | 24 | 24 | |||||||
Excess cash | 3,380 | 14,228 | 28,577 | |||||||
Stockholders' equity | (46,507) | (33,391) | (20,857) | |||||||
Invested Capital | 70,925 | 64,239 | 55,782 | |||||||
ROIC | ||||||||||
ROCE | ||||||||||
| EV | ||||||||||
Common stock shares outstanding | 17,690 | 17,078 | 11,504 | |||||||
Price | 1.49 49.75% | 1.00 -58.88% | 2.42 -18.24% | |||||||
Market cap | 26,358 55.11% | 16,993 -38.96% | 27,840 243.95% | |||||||
EV | 30,078 | 10,648 | 635 | |||||||
EBITDA | (13,630) | (12,298) | (7,346) | |||||||
EV/EBITDA | ||||||||||
Interest | 616 | 489 | 295 | |||||||
Interest/NOPBT | ||||||||||