NasdaqGS:KNDI

Stock Analysis Report

Executive Summary

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People’s Republic of China and internationally.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Kandi Technologies Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

11.3%

KNDI

3.5%

US Auto Components

0.4%

US Market


1 Year Return

13.9%

KNDI

-2.3%

US Auto Components

6.9%

US Market

Return vs Industry: KNDI exceeded the US Auto Components industry which returned -2.3% over the past year.

Return vs Market: KNDI exceeded the US Market which returned 6.9% over the past year.


Shareholder returns

KNDIIndustryMarket
7 Day11.3%3.5%0.4%
30 Day3.2%2.5%-1.1%
90 Day-1.5%2.8%-0.5%
1 Year13.9%13.9%-0.8%-2.3%9.3%6.9%
3 Year1.7%1.7%11.2%-0.3%45.8%36.4%
5 Year-62.6%-62.6%19.4%3.0%62.9%45.1%

Price Volatility Vs. Market

How volatile is Kandi Technologies Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kandi Technologies Group undervalued compared to its fair value and its price relative to the market?

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate KNDI's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate KNDI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KNDI is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: KNDI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate KNDI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KNDI is overvalued based on its PB Ratio (1.3x) compared to the US Auto Components industry average (1.2x).


Next Steps

Future Growth

How is Kandi Technologies Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.7%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kandi Technologies Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kandi Technologies Group performed over the past 5 years?

-31.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KNDI is unprofitable, and losses have increased over the past 5 years at a rate of -31.2% per year.

Accelerating Growth: Unable to compare KNDI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KNDI is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (8.1%).


Return on Equity

High ROE: KNDI has a negative Return on Equity (-10.28%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: KNDI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: KNDI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Kandi Technologies Group's financial position?


Financial Position Analysis

Short Term Liabilities: KNDI's short term assets ($161.7M) exceeds its short term liabilities ($152.0M)

Long Term Liabilities: KNDI's short term assets (161.7M) exceeds its long term liabilities (38.1M)


Debt to Equity History and Analysis

Debt Level: KNDI's debt to equity ratio (37%) is considered satisfactory

Reducing Debt: KNDI's debt to equity ratio has reduced from 43.7% to 37% over the past 5 years.


Balance Sheet

Inventory Level: KNDI has a high level of physical assets or inventory.

Debt Coverage by Assets: KNDI's debt is covered by short term assets (assets are 1.992460x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KNDI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KNDI has less than a year of cash runway if free cash flow continues to grow at historical rates of 59.8% each year.


Next Steps

Dividend

What is Kandi Technologies Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate KNDI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate KNDI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if KNDI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KNDI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KNDI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Kandi Technologies Group's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average management tenure


CEO

Xiaoming Hu (62yo)

12.3yrs

Tenure

US$826,269

Compensation

Mr. Xiaoming Hu has been Chief Executive Officer and President of Kandi Technolgies Group, Inc. (alternate name: Kandi Technologies Corp.) since June 29, 2007. Mr. Hu has been President and Chief Executive ...


CEO Compensation Analysis

Compensation vs. Market: Xiaoming's total compensation ($USD826.27K) is about average for companies of similar size in the US market ($USD1.16M).

Compensation vs Earnings: Xiaoming's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.0yrs

Average Tenure

48yo

Average Age

Experienced Management: KNDI's management team is seasoned and experienced (6 years average tenure).


Board Age and Tenure

7.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: KNDI's board of directors are considered experienced (7.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$49,70017 May 19
Xiaoming Hu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares10,000
Max PriceUS$4.97
BuyUS$579,65216 May 19
Xiaoming Hu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares122,032
Max PriceUS$4.75
BuyUS$756,24028 Mar 19
Xiaoming Hu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares137,000
Max PriceUS$5.52

Ownership Breakdown


Management Team

  • Emily Zhu (48yo)

    Interim Chief Financial Officer

    • Tenure: 0.8yrs
    • Compensation: US$1.38m
  • Xiaoming Hu (62yo)

    Chairman

    • Tenure: 12.3yrs
    • Compensation: US$826.27k
  • Henry Wang (46yo)

    Chief Strategy Officer

    • Tenure: 2.9yrs
    • Compensation: US$15.55k
  • Cathy Cao

    Executive Vice President of Finance

    • Tenure: 9yrs
  • Kewa Luo

    Manager of Investor Relations

    • Tenure: 0yrs

Board Members

  • Jerry Lewin (64yo)

    Independent Director

    • Tenure: 8.9yrs
    • Compensation: US$50.50k
  • Xiaoming Hu (62yo)

    Chairman

    • Tenure: 12.3yrs
    • Compensation: US$826.27k
  • Henry Yu (65yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$42.10k
  • Liming Chen (82yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$9.07k
  • Lin Yi (66yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$8.73k
  • Feng Zhu (48yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$8.73k

Company Information

Kandi Technologies Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kandi Technologies Group, Inc.
  • Ticker: KNDI
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: US$276.774m
  • Shares outstanding: 52.82m
  • Website: https://www.kandivehicle.com

Number of Employees


Location

  • Kandi Technologies Group, Inc.
  • Jinhua City Industrial Zone
  • Jinhua
  • Zhejiang Province
  • 321016
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KNDINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2007
K8ADB (Deutsche Boerse AG)YesCommon StockDEEURJul 2007
0QZ7LSE (London Stock Exchange)YesCommon StockGBUSDJul 2007

Biography

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People’s Republic of Chin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:06
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.