Worksport Ltd. (WKSP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-56448.8%

-$163.69

vs $0.29 price

Levered DCF

-$188.06

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-5.56

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-0.68×	-1.58×	-7.2×	-5.72×	-35.07×	-68.84×	-57.89×	-18.98×
P/B	0.57×	1.46×	5.92×	2.98×	8.15×	477.6×	-22.95×	-149.9×
P/S	0.81×	3×	70.37×	616.95×	916.54×	233.84×	10.51×	69.59×
EV / EBITDA	-0.59×	-1.92×	-8.37×	-5.53×	-33.27×	-104.01×	-74.73×	-19.81×
Gross margin	27.8%	10.7%	15.7%	51.1%	-15.5%	13.6%	12.4%	20.1%
Operating margin	-115.0%	-182.3%	-963.4%	-10964.4%	-2489.5%	-284.9%	-27.9%	-251.5%
Net margin	-120.2%	-190.5%	-976.0%	-10759.0%	-2599.9%	-343.1%	-18.6%	-366.1%
Current ratio	2.5×	3.3×	1.27×	7.45×	18.94×	0.98×	0.19×	0.64×
Debt / equity	0.13×	0.32×	0.34×	0.27×	0.03×	4.21×	-0.41×	-1.33×
Interest coverage	-31.25×	-21.3×	-23.91×	-26.14×	-25.64×	-2.55×	-7.47×	-21.64×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-84.4%	-92.8%	-82.1%	-52.0%	-23.1%	-700.8%	40.7%	788.6%
Return on invested capital	-71.7%	-67.1%	-60.4%	-41.6%	-21.6%	-111.8%	102.5%	-1653.7%
Return on assets	-62.9%	-62.8%	-57.5%	-38.3%	-21.8%	-62.4%	-74.6%	-316.3%
Free cash flow yield	-138.4%	-41.9%	-14.5%	-26.6%	-1.9%	-0.9%	-0.6%	-1.1%
Earnings yield	-147.9%	-63.5%	-13.9%	-17.4%	-2.8%	-1.5%	-1.8%	-5.3%
Enterprise value	$10M	$26.2M	$110.5M	$63.9M	$250.7M	$80.5M	$20.6M	$33.8M
Net debt / EBITDA	0.18×	-0.05×	-0.22×	0.69×	3.68×	0.51×	-1.25×	-0.16×
Cash conversion cycle (days)	219	186	821	-3,333	-372	-909	-172	-60