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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-25), Workhorse Group's Intrinsic Value: Projected FCF is $-2.89. The stock price of Workhorse Group is $0.1607. Therefore, Workhorse Group's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
The historical rank and industry rank for Workhorse Group's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Workhorse Group was 395.60. The lowest was 395.60. And the median was 395.60.
The historical data trend for Workhorse Group's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Workhorse Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | -3.61 | 0.05 | -2.55 | -3.47 | -2.89 |
Workhorse Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | -3.47 | -3.70 | -3.52 | -3.22 | -2.89 |
For the Auto Manufacturers subindustry, Workhorse Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Vehicles & Parts industry and Consumer Cyclical sector, Workhorse Group's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Workhorse Group's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Workhorse Group's Free Cash Flow(6 year avg) = $-85.76.
Workhorse Group's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Dec23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | -85.75856 | + | 83.112 | * | 0.8) | / | 259.902 | |
= | -2.89 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Workhorse Group (NAS:WKHS) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Workhorse Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 0.1607 | / | -2.8855570313566 | |
= |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Workhorse Group's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Jean Botti | director | 3600 PARK 42 DRIVE, SUITE 160E, SHARONVILLE OH 45241 |
Brandon Torres Declet | director | C/O MEASURE GLOBAL INC., 1701 RHODE ISLAND AVENUE NW, STE 05-103, WASHINGTON DC 20036 |
Stanley Raymond March | officer: VP, Business Development | 100 COMMERCE DRIVE, LOVELAND OH 45140 |
Michael Laurence Clark | director | 828 PRESIDENT STREET, BROOKLYN NY 11215 |
Jacqueline A Dedo | director | 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537 |
Raymond Joseph Chess | director | 1084 ANDANTE CT, OXFORD MI 48370 |
Richard F Dauch | director, officer: Chief Executive Officer | C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
Harry Demott | director | C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE, LOVELAND OH 45140 |
Austin Scott Miller | director | 100 COMMERCE STREET, LOVELAND OH 45140 |
James Peters | officer: VP, Supply Chain Management | 100 COMMERCE STREET, LOVELAND OH 45140 |
Pamela S. Mader | director | 2522 N 600 E, CRAIGVILLE IN 46731 |
Quigley William G Iii | director | |
Joshua Joseph Anderson | officer: Chief Technology Officer | 100 COMMERCE DRIVE, LOVELAND OH 45140 |
Ryan Wesley Gaul | officer: President, Commercial Vehicles | 21680 HAGGERTY ROAD, NORTHVILLE MI 48167 |
John Wesley Graber | officer: President, Aerospace | C/O ABX AIR, INC., 145 HUNTER DRIVE, WILMINGTON OH 45039 |
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