ScoreWhy is Workhorse Group, Inc. ?
1
Poor Management Efficiency with a low ROE of 0%
- The company has reported losses. Due to this company has reported negative ROE
2
The company has declared Positive results for the last 4 consecutive quarters
- NET SALES(HY) Higher at USD 16.84 MM
- NET PROFIT(HY) Higher at USD -47.52 MM
- DEBTORS TURNOVER RATIO(HY) Highest at 13.88 times
3
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -75.79%, its profits have risen by 56.1%
4
Increasing Participation by Institutional Investors
- Institutional investors have increased their stake by 5.17% over the previous quarter and collectively hold 10.9% of the company
- These investors have better capability and resources to analyse fundamentals of companies than most retail investors
5
Underperformed the market in the last 1 year
- Even though the market (S&P 500) has generated returns of 25.22% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -75.79% returns
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Workhorse Group, Inc. should be less than 10%
- Overall Portfolio exposure to Automobiles should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Automobiles)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Workhorse Group, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Workhorse Group, Inc.
-75.85%
-0.10
890.95%
S&P 500
22.24%
1.91
13.23%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
61.19%
EBIT Growth (5y)
-19.83%
EBIT to Interest (avg)
-24.81
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.52
Sales to Capital Employed (avg)
0.13
Tax Ratio
0.13%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
10.90%
ROCE (avg)
0
ROE (avg)
0
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
0.19
EV to EBIT
-0.05
EV to EBITDA
-0.05
EV to Capital Employed
0.10
EV to Sales
0.26
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-205.73%
ROE (Latest)
-167.62%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Bearish
Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend16What is working for the Company
NET SALES(HY)
Higher at USD 16.84 MM
NET PROFIT(HY)
Higher at USD -47.52 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 13.88 times
EPS(Q)
Highest at USD -1.99
-6What is not working for the Company
ROCE(HY)
Lowest at -219.93%
RAW MATERIAL COST(Y)
Grown by 82.52% (YoY
CASH AND EQV(HY)
Lowest at USD 14.2 MM
DEBT-EQUITY RATIO
(HY)
Highest at 158.92 %
OPERATING PROFIT(Q)
Lowest at USD -19.08 MM
Here's what is working for Workhorse Group, Inc.
Net Sales
At USD 16.84 MM has Grown at 556.5%
Year on Year (YoY)MOJO Watch
Sales trend is very positive
Net Sales (USD MM)
Net Sales
Higher at USD 16.84 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the half year the company has already crossed sales of the previous twelve months
Net Sales (USD MM)
Net Profit
Higher at USD -47.52 MM
than preceding 12 month period ended Mar 2026MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
EPS
Highest at USD -1.99
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (USD)
Debtors Turnover Ratio
Highest at 13.88 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Depreciation
Highest at USD 2.02 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Depreciation
At USD 2.02 MM has Grown at inf%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (USD MM)
Here's what is not working for Workhorse Group, Inc.
Operating Profit
Lowest at USD -19.08 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (USD MM)
Cash and Eqv
Lowest at USD 14.2 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents
Debt-Equity Ratio
Highest at 158.92 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Raw Material Cost
Grown by 82.52% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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