Workhorse Group (WKHS) & The Competition Critical Review
Workhorse Group (NASDAQ: WKHS) is one of 33 public companies in the “Motor vehicles & car bodies” industry, but how does it contrast to its peers? We will compare Workhorse Group to related businesses based on the strength of its earnings, dividends, institutional ownership, valuation, risk, profitability and analyst recommendations.
Volatility and Risk
Workhorse Group has a beta of -0.48, indicating that its stock price is 148% less volatile than the S&P 500. Comparatively, Workhorse Group’s peers have a beta of 0.98, indicating that their average stock price is 2% less volatile than the S&P 500.
This table compares Workhorse Group and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Workhorse Group||$10.85 million||-$41.21 million||-1.04|
|Workhorse Group Competitors||$62.45 billion||$3.07 billion||14.10|
Workhorse Group’s peers have higher revenue and earnings than Workhorse Group. Workhorse Group is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This is a summary of current ratings for Workhorse Group and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Workhorse Group Competitors||532||1439||1751||114||2.38|
Workhorse Group currently has a consensus target price of $4.67, indicating a potential upside of 312.98%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 15.61%. Given Workhorse Group’s stronger consensus rating and higher probable upside, equities analysts clearly believe Workhorse Group is more favorable than its peers.
This table compares Workhorse Group and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Workhorse Group Competitors||-12.99%||-53.51%||-5.15%|
Institutional & Insider Ownership
8.0% of Workhorse Group shares are owned by institutional investors. Comparatively, 58.3% of shares of all “Motor vehicles & car bodies” companies are owned by institutional investors. 9.4% of Workhorse Group shares are owned by insiders. Comparatively, 9.7% of shares of all “Motor vehicles & car bodies” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Workhorse Group peers beat Workhorse Group on 9 of the 12 factors compared.
Workhorse Group Company Profile
Workhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring system that enables fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones and truck systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
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