Kaixin Auto Holdings operates as a used car dealership in the People’s Republic of China.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$3.06|
|52 Week High||US$0.42|
|52 Week Low||US$13.40|
|1 Month Change||-12.82%|
|3 Month Change||42.99%|
|1 Year Change||565.22%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||10.07%|
Recent News & Updates
Kaixin Auto: Haitaoche inks five-year vehicles supply pact with CVC
Haitaoche Limited, a wholly owned subsidiary of Kaixin Auto (KXIN) through one of its subsidiaries has entered into a five-year vehicles supply contract with China National Vehicles Imp & Exp ((CVC)) on January 11, 2021.Under the terms of the contract, CVC will meet the demands of Haitaoche and supply RMB2.0B (~$300M) worth of consumer vehicles for resale through Haitaoche’s networks in 2021, expecting to increase the volume of supply by 20% annually during a five-year period, with
|KXIN||US Specialty Retail||US Market|
Return vs Industry: KXIN exceeded the US Specialty Retail industry which returned 53.5% over the past year.
Return vs Market: KXIN exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: KXIN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 27% a week.
Volatility Over Time: KXIN's weekly volatility has decreased from 62% to 27% over the past year, but is still higher than 75% of US stocks.
About the Company
Kaixin Auto Holdings operates as a used car dealership in the People’s Republic of China. As of December 31, 2020, the company had 14 dealerships. It also provides financing channels to its customers through its partnership with financial institutions; and value-added services to its customers, including insurance, extended warranties, and after-sales services.
Is Kaixin Auto Holdings undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Kaixin Auto Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Kaixin Auto Holdings has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is Kaixin Auto Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Retail 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 Kaixin Auto Holdings 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.
How has Kaixin Auto Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KXIN is currently unprofitable.
Growing Profit Margin: KXIN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KXIN is unprofitable, and losses have increased over the past 5 years at a rate of 15.1% per year.
Accelerating Growth: Unable to compare KXIN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KXIN is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (158.2%).
Return on Equity
High ROE: KXIN has a negative Return on Equity (-70.89%), as it is currently unprofitable.
How is Kaixin Auto Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: KXIN's short term assets ($46.8M) exceed its short term liabilities ($40.9M).
Long Term Liabilities: KXIN's short term assets ($46.8M) exceed its long term liabilities ($26.0K).
Debt to Equity History and Analysis
Debt Level: KXIN's debt to equity ratio (203.3%) is considered high.
Reducing Debt: Insufficient data to determine if KXIN's debt to equity ratio has reduced over the past 5 years.
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: KXIN has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: KXIN is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.
What is Kaixin Auto Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KXIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KXIN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KXIN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KXIN'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 KXIN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mingjun Lin (45 yo)
Mr. Mingjun Lin serves as Chairman of the Board at Kaixin Auto Holdings since May 9, 2021. Mr. Lin serves as Chief Executive Officer of Kaixin Auto Holdings since November 3, 2020. He is the founder of Hai...
Experienced Board: KXIN's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 121.8%.
Kaixin Auto Holdings's employee growth, exchange listings and data sources
- Name: Kaixin Auto Holdings
- Ticker: KXIN
- Exchange: NasdaqCM
- Founded: 2015
- Industry: Automotive Retail
- Sector: Retail
- Market Cap: US$438.989m
- Shares outstanding: 143.46m
- Website: https://ir.kaixin.com
Number of Employees
- Kaixin Auto Holdings
- Tower D, Building 15
- 4th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:14|
|End of Day Share Price||2021/09/17 00:00|
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.