Based on the measurements of operating efficiency obtained from Workhorse's historical financial statements, Workhorse Group is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Workhorse's Short Term Debt is comparatively stable compared to the past year. Property Plant And Equipment Net is likely to gain to about 50.1 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 7.5 M in 2024. Key indicators impacting Workhorse's financial strength include:
Investors should never underestimate Workhorse's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Workhorse's cash flow, debt, and profitability to make informed and accurate decisions about investing in Workhorse Group.
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(117.72 Million)
Workhorse
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Understanding current and past Workhorse Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Workhorse's financial statements are interrelated, with each one affecting the others. For example, an increase in Workhorse's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Workhorse's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Workhorse Group. Check Workhorse's Beneish M Score to see the likelihood of Workhorse's management manipulating its earnings.
Workhorse Stock Summary
Workhorse competes with Faraday Future, Mullen Automotive, Xpeng, Nio, and Lucid. Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio. Workhorse Grp operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 221 people.
The reason investors look at the income statement is to determine what Workhorse's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining Workhorse's current stock value. Our valuation model uses many indicators to compare Workhorse value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Workhorse competition to find correlations between indicators driving Workhorse's intrinsic value. More Info.
Workhorse Group is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Workhorse's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Workhorse by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Workhorse Group Systematic Risk
Workhorse's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Workhorse volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Workhorse Group correlated with the market. If Beta is less than 0 Workhorse generally moves in the opposite direction as compared to the market. If Workhorse Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Workhorse Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Workhorse is generally in the same direction as the market. If Beta > 1 Workhorse moves generally in the same direction as, but more than the movement of the benchmark.
Workhorse Thematic Clasifications
Workhorse Group is part of Automobiles and Trucks investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Automobiles and Trucks industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Automobiles and Trucks industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Workhorse Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Workhorse's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Workhorse growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Workhorse help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Workhorse Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Workhorse Group based on widely used predictive technical indicators. In general, we focus on analyzing Workhorse Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Workhorse's daily price indicators and compare them against related drivers.
When running Workhorse's price analysis, check to measure Workhorse'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 Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.