Reviewing Worksport (NASDAQ:WKSP) and Greenkraft (OTCMKTS:GKIT)
by Danessa Lincoln · The Markets DailyGreenkraft (OTCMKTS:GKIT – Get Free Report) and Worksport (NASDAQ:WKSP – Get Free Report) are both small-cap consumer discretionary companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, profitability, valuation, analyst recommendations, institutional ownership, earnings and risk.
Profitability
This table compares Greenkraft and Worksport’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Greenkraft | N/A | N/A | N/A |
| Worksport | -114.49% | -102.57% | -73.69% |
Institutional & Insider Ownership
16.1% of Worksport shares are owned by institutional investors. 5.8% of Worksport shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Risk and Volatility
Greenkraft has a beta of 204.25, indicating that its share price is 20,325% more volatile than the S&P 500. Comparatively, Worksport has a beta of 0.22, indicating that its share price is 78% less volatile than the S&P 500.
Earnings and Valuation
This table compares Greenkraft and Worksport”s revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Greenkraft | $180,000.00 | 4.41 | -$360,000.00 | N/A | N/A |
| Worksport | $16.10 million | 0.54 | -$19.35 million | ($2.34) | -0.24 |
Greenkraft has higher earnings, but lower revenue than Worksport.
Analyst Recommendations
This is a breakdown of current recommendations for Greenkraft and Worksport, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Greenkraft | 0 | 0 | 0 | 0 | 0.00 |
| Worksport | 1 | 0 | 2 | 0 | 2.33 |
Worksport has a consensus price target of $6.75, suggesting a potential upside of 1,083.80%. Given Worksport’s stronger consensus rating and higher probable upside, analysts plainly believe Worksport is more favorable than Greenkraft.
About Greenkraft
Greenkraft, Inc. manufactures and distributes automotive products for fleet operators, cities, and businesses in the United States. The company offers commercial forward cabin trucks that run on alternative fuels, such as compressed natural gas or liquefied propane gas. It also manufactures and sells alternative fuel systems; and converts petroleum-based fuel vehicles to run on alternative fuels, such as CNG or LPG. The company has strategic partnership with CEE, LLC and G&K Automotive Conversion Inc. for research and development activities, as well as to test its engines prior to applying for the CARB and EPA certifications. Greenkraft, Inc. was founded in 2006 and is headquartered in Santa Ana, California.
About Worksport
Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. 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 offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station. It serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. The company also sells its products through wholesalers, private labels, distributors, and online retail channels, including eBay, Amazon, Walmart, and e-commerce platform hosted on Shopify. Worksport Ltd. is based in West Seneca, New York.