Head-To-Head Contrast: Worksport (WKSP) vs. Its Rivals

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

Risk & Volatility

Worksport has a beta of 0.54, meaning that its stock price is 46% less volatile than the S&P 500. Comparatively, Worksport’s competitors have a beta of 3.84, meaning that their average stock price is 284% more volatile than the S&P 500.

Institutional & 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 company insiders. Comparatively, 19.6% of shares of all “Automobile Components” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Profitability

This table compares Worksport and its competitors’ 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%

Analyst Recommendations

This is a summary of recent ratings and target prices for Worksport and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Worksport	1	1	1	0	2.00
Worksport Competitors	1092	4508	6144	203	2.46

Worksport currently has a consensus price target of $2.00, indicating a potential upside of 488.24%. As a group, “Automobile Components” companies have a potential upside of 61.16%. Given Worksport’s higher probable upside, equities analysts clearly believe Worksport is more favorable than its competitors.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Worksport	$16.10 million	-$19.35 million	-0.18
Worksport Competitors	$7.68 billion	$73.97 million	3.17

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

Summary

Worksport competitors beat Worksport on 12 of the 13 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.