Worksport Ltd. (WKSP) intrinsic value & 10-year financials
Worksport Ltd. (WKSP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 52.5% a year to $16.1M, with an average return on invested capital of -147.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.35
- Market cap
- $2.2M
- Revenue (FY2025)
- $16.1M
- Revenue growth (10-yr CAGR)
- 52.5%
- ROIC (10-yr avg)
- -147.3%
- Free cash flow (FY2025)
- -$18.1M
WKSP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $16.1M | -$19.4M | -$3.16 | -$18.1M | -116.8% | -97.2% |
| FY2024 | $8.5M | -$16.2M | -$5.84 | -$10.7M | -182.3% | -72.8% |
| FY2023 | $1.5M | -$14.9M | -$0.84 | -$15.6M | -963.4% | -82.0% |
| FY2022 | $116.5K | -$12.5M | -$0.73 | -$19.0M | -10964.4% | -153.7% |
| FY2021 | $303.8K | -$7.9M | -$0.69 | -$5.1M | -2489.5% | -293.9% |
| FY2020 | $346.1K | -$1.2M | — | -$734.3K | -284.9% | 168.2% |
| FY2019 | $1.9M | -$414.6K | — | -$111.6K | -30.8% | 101.5% |
| FY2018 | $481.5K | -$1.8M | — | -$381.1K | -251.5% | -569.7% |
| FY2017 | $408.7K | -$3.4M | — | -$199.8K | -435.6% | -586.3% |
| FY2016 | $361.1K | -$1.1M | — | -$237.6K | -100.3% | 113.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Worksport Ltd is a consistent compounder, expanding top-line revenue at 52.5% annually over the past decade.
Worksport Ltd has historically struggled to out-earn its cost of capital, averaging just -5.2% ROIC.
Worksport Ltd has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Worksport Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-104.96 per share.