Kandi Technologies Group
Market Cap
US$219.8m
Last Updated
2020/02/17 00:25 UTC
Data Sources
Company Financials
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.
Risk Analysis
Earnings have declined by -40.45% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Adequate balance sheet and overvalued.
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
Stable Share Price: KNDI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.0%
KNDI
1.2%
US Auto Components
1.5%
US Market
1 Year Return
-27.3%
KNDI
-6.8%
US Auto Components
20.1%
US Market
Return vs Industry: KNDI underperformed the US Auto Components industry which returned -6.8% over the past year.
Return vs Market: KNDI underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| KNDI | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 1.2% | 1.5% |
| 30 Day | -11.9% | -4.9% | 1.4% |
| 90 Day | -10.3% | -2.8% | 8.7% |
| 1 Year | -27.3%-27.3% | -5.4%-6.8% | 22.7%20.1% |
| 3 Year | 0.2%0.2% | -7.4%-16.6% | 50.1%40.5% |
| 5 Year | -68.7%-68.7% | 3.0%-11.8% | 73.1%54.1% |
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
2 weeks ago | Simply Wall St
Should You Worry About Kandi Technologies Group, Inc.'s (NASDAQ:KNDI) CEO Salary Level?1 month ago | Simply Wall St
Are Insiders Buying Kandi Technologies Group, Inc. (NASDAQ:KNDI) Stock?2 months ago | Simply Wall St
Do Insiders Own Lots Of Shares In Kandi Technologies Group, Inc. (NASDAQ:KNDI)?Valuation
Is Kandi Technologies Group undervalued compared to its fair value and its price relative to the market?
0.99x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate KNDI's fair value to establish if it is undervalued.
Significantly Below Fair Value: 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
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 good value based on its PB Ratio (1x) compared to the US Auto Components industry average (1.3x).
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?
20.1%
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
- Examine Kandi Technologies Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Automobiles industry.
Past Performance
How has Kandi Technologies Group performed over the past 5 years?
-40.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KNDI is currently unprofitable.
Growing Profit Margin: KNDI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KNDI is unprofitable, and losses have increased over the past 5 years at a rate of -40.4% 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 (-1.4%).
Return on Equity
High ROE: KNDI has a negative Return on Equity (-1.78%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Kandi Technologies Group's financial position?
Financial Position Analysis
Short Term Liabilities: KNDI's short term assets ($210.1M) exceed its short term liabilities ($129.7M).
Long Term Liabilities: KNDI's short term assets ($210.1M) exceed its long term liabilities ($35.9M).
Debt to Equity History and Analysis
Debt Level: KNDI's debt to equity ratio (31.8%) is considered satisfactory.
Reducing Debt: KNDI's debt to equity ratio has increased from 23% to 31.8% 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 3x 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 sufficient cash runway for more than a year 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 21.7% each year.
Next Steps
Dividend
What is Kandi Technologies Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
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.
Stability and Growth of Payments
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
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Xiaoming Hu (62yo)
12.7yrs
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 ($USD1.11M).
Compensation vs Earnings: Xiaoming's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.7yrs | US$826.27k | 26.92% $59.2m | |
| Interim Chief Financial Officer | 1.1yrs | US$1.38m | 1.24% $2.7m | |
| Manager of Investor Relations | 0yrs | no data | no data | |
| Executive Vice President of Finance | 9.3yrs | no data | no data | |
| Chief Strategy Officer | 3.3yrs | US$15.55k | no data |
6.3yrs
Average Tenure
48yo
Average Age
Experienced Management: KNDI's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.7yrs | US$826.27k | 26.92% $59.2m | |
| Independent Director | 9.3yrs | US$50.50k | 0.15% $332.8k | |
| Independent Director | 8.6yrs | US$42.10k | 0.20% $448.6k | |
| Independent Director | 7.8yrs | US$9.07k | no data | |
| Independent Director | 2.8yrs | US$8.73k | no data | |
| Director | 0.2yrs | no data | 0.0076% $16.6k | |
| Director | 0.2yrs | no data | 0.015% $33.3k |
7.8yrs
Average Tenure
64yo
Average Age
Experienced Board: KNDI's board of directors are considered experienced (7.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KNDI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.
Top Shareholders
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$219.812m
- Shares outstanding: 52.84m
- Website: https://www.kandivehicle.com
Number of Employees
Location
- Kandi Technologies Group, Inc.
- Jinhua City Industrial Zone
- Jinhua
- Zhejiang Province
- 321016
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KNDI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2007 |
| K8A | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2007 |
| KNDI | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jul 2007 |
| 0QZ7 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jul 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 China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products. Kandi Technologies Group, Inc. has a strategic cooperation agreement with Jiangsu Jinpeng Group Ltd. to jointly develop the EV market in China. 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:25 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.