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Kandi Technologies (KNDI)
NASDAQ:KNDI
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Kandi Technologies
(NASDAQ:KNDI)
48Neutral
Kandi Technologies (KNDI) vs. S&P 500 (SPY)
Market Cap
$104.83M
Dividend YieldN/A
Average Volume (3M)185.44K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-11.61%
EPS Growth-22.20%
CountryUS
Employees840
SectorConsumer Cyclical
Sector Strength64
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.07
Shares Outstanding87,358,230
10 Day Avg. Volume175,293
30 Day Avg. Volume185,441
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.06
Price to Cash Flow (P/CF)-0.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Kandi Technologies Business Overview & Revenue Model
Company DescriptionKandi Technologies Group, Inc. designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.
How the Company Makes MoneyKandi Technologies generates revenue primarily through the sale of its electric vehicles and related automotive products. The core revenue streams include the direct sale of electric cars and ATVs to consumers, as well as providing parts and services related to these vehicles. The company benefits from partnerships with other automotive companies and government incentives promoting the adoption of electric vehicles. Additionally, Kandi has explored the possibility of expanding its market presence by forming joint ventures and collaborations in various regions, which can contribute to its earnings by increasing production capacity and market reach.
Kandi Technologies Financial Statement Overview
Summary
Kandi Technologies demonstrates moderate revenue growth and improved gross profit margins, indicating better cost management. However, profitability is a concern with negative EBIT and minimal net profit margin, coupled with significant cash flow challenges.Income Statement
Kandi Technologies shows moderate revenue growth with a positive revenue growth rate of 4.91% in 2023. The gross profit margin improved significantly from previous years to 33.47%, indicating better cost management. However, the company struggles with profitability as reflected by a negative EBIT margin of -10.56% and a minimal net profit margin of 0.01%, showing a challenge in covering operating costs.55
Neutral
Balance Sheet
The debt-to-equity ratio remains low at 0.10, indicating conservative leverage and low financial risk. The equity ratio of 81.56% suggests a stable financial structure with a high proportion of assets financed by equity. However, the return on equity is negligible at 0.002%, pointing to inefficiencies in generating returns from shareholders' investment.62
Positive
Cash Flow
Kandi Technologies faces significant cash flow challenges with a negative free cash flow and an operating cash flow to net income ratio of -14186.08, implying operational inefficiencies. The free cash flow growth rate is negative, indicating worsening cash generation, which could affect liquidity.48
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 118.15M | 123.60M | 117.81M | 91.49M | 76.92M | 135.74M | Gross Profit |
| 37.00M | 41.37M | 19.52M | 16.25M | 13.49M | 25.43M | EBIT |
| -18.10M | -13.05M | -22.70M | -45.83M | -12.29M | 1.70M | EBITDA |
| -2.72M | 16.71M | -379.32K | 41.85M | -5.28M | 909.54K | Net Income Common Stockholders |
| -7.00M | 7.13K | -12.85M | 22.86M | -10.39M | -7.19M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.46M | 67.70M | 165.25M | 184.27M | 142.08M | 5.49M | Total Assets |
| 73.01M | 495.46M | 482.98M | 520.16M | 495.25M | 371.22M | Total Debt |
| 34.80M | 41.53M | 24.69M | 11.36M | 92.44K | 64.88M | Net Debt |
| 32.33M | 7.78M | -59.37M | -117.86M | -141.99M | 59.39M | Total Liabilities |
| 49.32M | 88.95M | 85.29M | 76.96M | 91.48M | 153.36M | Stockholders Equity |
| 23.70M | 404.12M | 396.97M | 443.20M | 403.77M | 217.86M |
| Cash Flow | Free Cash Flow | ||||
| -116.04M | -114.41M | 27.66M | -18.90M | -69.07M | -30.48M | Operating Cash Flow |
| -115.85M | -101.16M | 31.48M | 241.69K | -50.88M | -29.89M | Investing Cash Flow |
| 77.56M | 32.28M | -35.03M | 22.21M | 51.15M | 31.25M | Financing Cash Flow |
| -6.26M | 14.83M | -4.33M | 747.93K | 126.45M | -6.98M |
Kandi Technologies Technical Analysis
Negative
1.20
Price Trends
1.35
Negative
1.22
Negative
1.47
Negative
Market Momentum
<0.01
Positive
46.11
Neutral
30.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KNDI, the sentiment is Negative. The current price of 1.2 is below the 20-day moving average (MA) of 1.37, below the 50-day MA of 1.35, and below the 200-day MA of 1.47, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.11 is Neutral, neither overbought nor oversold. The STOCH value of 30.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KNDI.
Kandi Technologies Risk Analysis
Kandi Technologies disclosed 49 risk factors in its most recent earnings report. Kandi Technologies reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kandi Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $11.48B | 10.33 | -0.84% | 4.02% | 1.25% | -16.06% | |
48 Neutral | $104.83M | ― | -1.59% | ― | -11.61% | -22.20% | |
45 Neutral | $84.85M | ― | -190.08% | ― | ― | ― | |
41 Neutral | $19.02M | ― | 47.49% | ― | 2.62% | 35.21% | |
40 Underperform | $75.65M | ― | -45.59% | ― | ― | ― | |
38 Underperform | $78.77M | ― | 229.13% | ― | 4.31% | 77.31% | |
24 Underperform | $88.50M | ― | -207.37% | ― | -31.25% | 98.68% |
* Consumer Cyclical Sector Average
Performance Comparison
KNDI
Kandi Technologies
1.20
-0.96
-44.44%
NEGG
Newegg Commerce
3.90
-11.14
-74.07%
GAN
GAN
1.72
0.41
31.30%
FFAI
Faraday Future Intelligent Electric
1.03
-1.85
-64.24%
REE
REE Automotive
2.80
-0.87
-23.71%
RENT
Rent the Runway
5.26
-9.46
-64.27%
Kandi Technologies Earnings Call Summary
Earnings Call Date: Mar 13, 2025 | % Change Since: -17.81% | Next Earnings Date: May 12, 2025
Earnings Call Sentiment Neutral
The earnings call revealed a mix of strategic initiatives and growth plans, alongside financial stability, but was overshadowed by concerns over revenue declines and stock performance. While Kandi Technologies is making strides in expanding its brand and global presence, significant challenges remain, particularly in reversing revenue declines and addressing shareholder concerns regarding stock price and strategic execution.Highlights
Strategic Growth Plan for 2025-2029
Kandi Technologies has developed a detailed growth plan for 2025 to 2029, approved by the Board, focusing on the electric off-road vehicle segment and expanding globally, including setting up U.S.-based production lines.
Strong Financial Position
The company reported having $260 million in cash, cash equivalents, and other investments as of September 30, 2024, positioning it well to pursue strategic objectives.
Introduction of NFL Branded Golf Carts
Kandi launched NFL branded golf carts, featuring all 32 NFL teams and sold exclusively at Lowe's, elevating the brand's presence.
International Expansion Plans
Plans to expand internationally, targeting growth in Southeast Asia, the Middle East, Europe, and other regions with a competitive product portfolio.
Lowlights
Revenue Decline
Third quarter revenue was $29.9 million, a decrease from $36.4 million in the same period of 2023. Nine-month revenue totaled $89.8 million, down 5.7% year-over-year.
Challenges with Stock Price and Shareholder Concerns
The stock is trading at a 15-year low, with concerns about stock buyback and insider buying expressed by shareholders.
Concerns Over Electric Vehicle Segment
The electric off-road vehicle revenue in Q3 was $27.5 million, down 9.2% from the prior year quarter, with the first 9-months slipping 1% to $81.5 million.
Uncertainty in Battery Swap Business
Questions about the future of the battery swap business, with no significant alliances reported and concerns over past minimal revenues.
Company Guidance
During the Kandi Technologies Q3 2024 earnings call, CEO Feng Chen provided detailed guidance on the company's strategic direction for 2025 to 2029. The management team has developed a comprehensive growth plan aimed at addressing the 5.7% year-over-year revenue decline, with third-quarter revenue at $29.9 million, down from $36.4 million in Q3 2023. The electric off-road vehicles segment, contributing $27.5 million in Q3, saw a 9.2% decrease from the previous year. The plan includes expanding production capabilities in the U.S. for golf carts and lithium batteries, enhancing market share, and leveraging partnerships like the one with Lowe's for NFL-branded golf carts. Kandi's strong financial position, with $260 million in cash and equivalents, supports these initiatives. Additionally, the company has repurchased 1,480,786 shares at an average price of $2.49, reinforcing confidence in its future. The guidance reflects a focus on technological innovation, international expansion, and strategic partnerships to capitalize on emerging market opportunities.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.