REE Automotive Ltd. (REEAF) vs Worksport Ltd. (WKSP)

REE Automotive Ltd. and Worksport Ltd. are both Auto Parts companies. Worksport Ltd. is the larger, with a market value of $6.8M against $2.2M — 3.1× the size. Worksport Ltd. grew revenue faster over the last twelve months: 47.6% against −50.1%. Worksport Ltd. has the higher net margin (−114.5% vs −17,516.3%) and the lower return on invested capital (−55.3% vs 0.00%). Across the 18 metrics below, Worksport Ltd. leads on 10 and REE Automotive Ltd. on 8.

Valuation

Metric REEAF WKSP Auto Parts median
P/E n/m n/m 17.92
P/S 0.50 0.29 0.64
P/B 0.01 0.27 1.15
Price to free cash flow n/m n/m 12.82
EV/EBITDA 0.43 n/m 7.66
EV/Sales (50.95) 0.51 0.73
Earnings yield (35,950.00%) (531.82%) 2.73%
Free cash flow yield (33,544.84%) (443.69%) 3.47%

Profitability

Metric REEAF WKSP Auto Parts median
Gross margin (548.28%) 30.06% 22.64%
Operating margin (12,402.66%) (112.07%) 3.67%
Net margin (17,516.30%) (114.49%) 1.68%
Free cash flow margin 0.00% (126.51%) 2.31%
Return on equity 0.00% (115.14%) 2.35%
Return on assets 0.00% (81.10%) 0.89%
Return on invested capital 0.00% (55.31%) 4.55%

Growth

Metric REEAF WKSP Auto Parts median
Revenue growth (TTM) (50.08%) 47.63% 5.00%
EPS growth (last fiscal year) 75.18% 45.89% —
Revenue growth, 5-year CAGR 13.75% 115.54% 7.78%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric REEAF WKSP Auto Parts median
Debt to equity 0.61 0.28 0.38
Current ratio 1.74 3.79 1.78
Net debt to EBITDA 0.09 0.19 1.26

Dividend

Metric REEAF WKSP Auto Parts median
Dividend yield — — 2.37%
Payout ratio 0.00 0.00 0.00

Size

Metric REEAF WKSP Auto Parts median
Market cap 2.17m 6.78m 914.31m

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