Canoo Inc. (GOEVQ) vs Workhorse Group, Inc. (WKHS)

Canoo Inc. and Workhorse Group, Inc. are both Auto Manufacturers companies. Workhorse Group, Inc. is the larger, with a market value of $34.2M against $5.4M — 6.4× the size. Workhorse Group, Inc. has the higher net margin (−223.2% vs −6,070.9%) and the lower return on invested capital (−207.6% vs −57.2%). Across the 14 metrics below, Canoo Inc. leads on 8 and Workhorse Group, Inc. on 6.

Valuation

Metric GOEVQ WKHS Auto Manufacturers median
P/E n/m n/m 16.63
P/S n/m 1.25 0.46
P/B n/m 4.73 1.20
Price to free cash flow n/m n/m 18.75
EV/EBITDA n/m n/m 7.07
EV/Sales 34.43 1.76 1.76
Earnings yield 0.00% (358.76%) (15.52%)
Free cash flow yield 0.00% (158.13%) (21.75%)

Profitability

Metric GOEVQ WKHS Auto Manufacturers median
Gross margin (84.26%) (81.12%) 13.66%
Operating margin (9,613.31%) (256.74%) (5.17%)
Net margin (6,070.86%) (223.21%) (4.28%)
Free cash flow margin (8,440.60%) (197.45%) 0.00%
Return on equity (76.34%) (411.37%) 0.00%
Return on assets (27.35%) (58.00%) (2.85%)
Return on invested capital (57.17%) (207.56%) 0.00%

Growth

Metric GOEVQ WKHS Auto Manufacturers median
Revenue growth (TTM) — 302.64% 3.87%
EPS growth (last fiscal year) 70.95% 28.35% 6.94%
Revenue growth, 5-year CAGR — 72.41% 13.65%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GOEVQ WKHS Auto Manufacturers median
Debt to equity 0.20 3.37 0.33
Current ratio 0.14 1.28 1.11
Net debt to EBITDA (0.16) 0.16 (0.04)

Dividend

Metric GOEVQ WKHS Auto Manufacturers median
Dividend yield — — 1.43%
Payout ratio — — 0.13

Size

Metric GOEVQ WKHS Auto Manufacturers median
Market cap 5.36m 34.20m 788.04m

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