Reviewing Worksport (WKSP) & Its Peers

Worksport (NASDAQ:WKSP) is one of 148 public companies in the “Automobile Components” industry, but how does it weigh in compared to its rivals? We will compare Worksport to related businesses based on the strength of its valuation, institutional ownership, profitability, analyst recommendations, earnings, risk and dividends.

Analyst Ratings

This is a summary of recent ratings for Worksport and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Worksport	1	1	1	0	2.00
Worksport Competitors	1091	4505	6141	203	2.46

Worksport presently has a consensus price target of $2.00, indicating a potential upside of 471.43%. As a group, “Automobile Components” companies have a potential upside of 61.90%. Given Worksport’s higher possible upside, analysts clearly believe Worksport is more favorable than its rivals.

Earnings & Valuation

This table compares Worksport and its rivals top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Worksport	$16.10 million	-$19.35 million	-0.19
Worksport Competitors	$6.51 billion	$73.97 million	3.00

Worksport’s rivals have higher revenue and earnings than Worksport. Worksport is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Worksport and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Worksport	-95.65%	-97.20%	-69.14%
Worksport Competitors	-40.98%	-0.27%	-1.94%

Institutional and Insider Ownership

16.1% of Worksport shares are held by institutional investors. Comparatively, 48.4% of shares of all “Automobile Components” companies are held by institutional investors. 5.8% of Worksport shares are held by insiders. Comparatively, 19.6% of shares of all “Automobile Components” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Volatility & Risk

Worksport has a beta of 0.54, indicating that its share price is 46% less volatile than the S&P 500. Comparatively, Worksport’s rivals have a beta of 3.88, indicating that their average share price is 288% more volatile than the S&P 500.

Summary

Worksport rivals beat Worksport on 11 of the 12 factors compared.

Worksport Company Profile

Worksport Ltd. (NASDAQ: WKSP) develops and manufactures tonneau covers and related products for pickup trucks. Its covers are designed to protect cargo, improve vehicle utility, and provide an alternative to conventional truck-bed coverings. The company serves the automotive aftermarket and targets owners of pickup trucks across North America. Worksport’s product portfolio includes hard and soft folding tonneau covers, including its COR line of hard-shell covers. The company is also developing SOLIS, a solar-integrated tonneau cover designed to generate electricity from sunlight, and COR battery-related products intended to store and supply portable power.