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Worksport Ltd (WKSP) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Worksport Ltd $0.54, price $0.46, upside +19.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Consumer Cyclical · US · ISIN US98139Q2093

WL Worksport Ltd logo Thin data Sep 27, 2026

Worksport Ltd

WKSP · US

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value $0.5440 · Undervalued (+19.0%)
!Quality 48/100
!Mixed Growth (revenue 5y +115.5 %/yr)
!Loss-making · -120.7% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/8)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

$108.94 $0.4200 Fair Value $0.5440 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range $0.4200 – $108.94 · fair‑value band $0.3570 – $0.6800 · the $0.4571 price screens below the $0.5440 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in the United States and internationally. It operates through Hard Tonneau Covers and Soft Tonneau Covers segments.

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Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in the United States and internationally. It operates through Hard Tonneau Covers and Soft Tonneau Covers segments. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also provides SOLIS, a solar-integrated tonneau cover designed to combine cargo protection with on-vehicle renewable power generation; COR, a portable energy storage system designed to store and deliver electrical power for mobile, off-grid, and backup power applications; and the AetherLux Pro designed as a combined cooling, heating, and power (CCHP) system that redefines energy efficiency in cold climates. The company serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. Worksport Ltd. is based in West Seneca, New York.

Stock analysis

Worksport Ltd (WKSP) currently trades at $0.4571, while our model-based Fair Value estimate is $0.5440, implying the stock looks roughly 16.0% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $0.3570 (bear) to $0.6800 (bull), the price of $0.4571 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Worksport Ltd reported revenue of $16.1M in FY2025 versus $304K in FY2021, a compound +169.8%/yr. Reported net income was −$19.4M in FY2025.

Key figures

Market cap $14.5M · P/S ratio 0.84 · EPS (TTM) $−2.65 · Net margin −120% · Return on equity −103% · Return on assets (EBIT) −47.4% · Operating margin −173% · Revenue (TTM) $17.2M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 88% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at 19%, WKSP screens cheaper than that median.

Fair Value models

Bear $0.3570 Fair Value $0.5440 Bull $0.6800
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) $0.8200 $1.09 $1.63 54
All 1 models by family
Asset-Based
NCAV (Graham) $0.8200 $1.09 $1.63 54

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Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 15

Profitability 12
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 50
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+89.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+115.5%
Start year 2020 (pandemic). Over 10 years: +37.8% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−284.9% (2020) → −115.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 665 stocks

Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside +18.3% · Above median
Profitability
Return on assets −46.5% · Bottom 25%
Net margin (TTM) −120.7% · Bottom 25%
Operating margin (TTM) −173.5% · Bottom 25%
Growth and dividend
Revenue growth 47.9% · Top 25%
Balance sheet
Debt / equity 0.04× · Below median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)59 · sector 25
FUTURE (revenue growth)100 · sector 29
PAST (return on equity)0 · sector 30
HEALTH (low debt)98 · sector 95
DIVIDEND (yield)0 · sector 38

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate.

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O'Reilly Automotive, Inc ORLY $86.07 $49.20 −43%
AutoZone, Inc AZO $2,819 $2,468 −12%
Hyundai Mobis Co 012330 383,500 KRW 638,183 KRW +66%
Fuyao Glass Industry Group 600660 ¥52.47 ¥78.11 +49%
Knorr-Bremse AG KBX €99.20 €72.88 −27%
Samvardhana Motherson International Limited MOTHERSON ₹165.71 ₹96.97 −41%
Genuine Parts Company GPC $126.95 $57.98 −54%
Magna International Inc MGA $64.46 $69.37 +8%
Bosch Limited BOSCHLTD ₹48,250 ₹25,213 −48%
Ningbo Tuopu Group 601689 ¥46.44 ¥28.28 −39%

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Worksport Ltd · Fair Value
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Cite: Fair Value Calculator (2026). "Worksport Ltd Fair Value". https://www.fairvalue-calculator.com/stock/WKSP

Frequently asked questions

Is Worksport Ltd (WKSP) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $0.5440 versus a price of $0.4571, about +19% upside (undervalued).
What is the fair value of WKSP?
Our model-based fair value for Worksport Ltd is $0.5440 (as of Sep 27, 2026), built from audited fundamentals. The current price: $0.4571.
What is the quality score of WKSP?
Worksport Ltd has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Worksport Ltd (WKSP)?
Our model-based price target is the fair value of $0.5440 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario $0.3570, optimistic scenario $0.6800. It is a calculation from audited fundamentals, not an analyst target.
What is the Worksport Ltd stock forecast for 2026?
Our models put fair value at $0.5440, about +19% upside versus a price of $0.4571 (undervalued). Cautious scenario $0.3570, optimistic scenario $0.6800. The calculation is refreshed regularly with new filings.
What is the revenue of Worksport Ltd (WKSP)?
Worksport Ltd reported trailing-twelve-month revenue of about $17.2M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Worksport Ltd (WKSP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Worksport Ltd it is $0.5440 per share (as of Sep 27, 2026), against a price of $0.4571. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Worksport Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, WKSP trades below its calculated fair value: price $0.4571, fair value $0.5440, a gap of about +19% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WKSP?
No. The price is what the market pays today ($0.4571); the fair value is what the company's own numbers justify ($0.5440). For Worksport Ltd the two are $0.0869 per share apart. That gap is exactly why we show both numbers side by side.
How much is Worksport Ltd worth?
The market values Worksport Ltd at about $14.5M (market capitalisation, as of Sep 27, 2026). Per share that is $0.4571; our models calculate a fair value of $0.5440 per share.
What do the bullish and bearish scenarios say about WKSP?
Our models span a range for Worksport Ltd: cautious scenario $0.3570, base $0.5440, optimistic $0.6800 per share (as of Sep 27, 2026, price $0.4571). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Worksport Ltd (WKSP)?
Balance-sheet figures for Worksport Ltd (as of Sep 27, 2026): return on equity −103.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is WKSP from its 52-week high?
Worksport Ltd trades at $0.4571, about 88% below its 52-week high of $3.79 and 9% above the low of $0.4200 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.5440 is for.
Which stocks are comparable to Worksport Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Worksport Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price $0.4571, calculated fair value $0.5440 (+19%), Quality Score 48/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WKSP calculated?
We run Worksport Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.5440, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Worksport Ltd currently trades 16 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Worksport Ltd (WKSP)?
The closing price on Oct 2, 2026 was $0.4571. Our model-based fair value is $0.5440, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Worksport Ltd right now?
A fairly wide model range ($0.3570 to $0.6800) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Worksport Ltd

How large is the market capitalisation of Worksport Ltd (WKSP)?
The market capitalisation of Worksport Ltd is $14.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Worksport Ltd (WKSP)?
The price-to-sales ratio of Worksport Ltd is 0.84 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Worksport Ltd (WKSP)?
Earnings per share at Worksport Ltd are $−2.65. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Worksport Ltd (WKSP)?
The net margin of Worksport Ltd is −120% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Worksport Ltd (WKSP)?
The return on equity (ROE) of Worksport Ltd is −103% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Worksport Ltd (WKSP)?
On an EBIT basis the return on assets of Worksport Ltd is −47.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Worksport Ltd (WKSP)?
The operating margin of Worksport Ltd is −173% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Worksport Ltd (WKSP)?
Revenue at Worksport Ltd is growing +47.9% versus a year earlier (3y avg +417%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Worksport Ltd (WKSP) generate?
The free cash flow of Worksport Ltd is −$18.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Worksport Ltd (WKSP) hold?
Worksport Ltd holds more cash than debt, $3.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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