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KXIN

Kaixin Auto HoldingsNasdaqCM:KXIN Stock Report

Market Cap

US$418.9m

7D

-4.6%

1Y

425.7%

Updated

25 Sep, 2021

Data

Company Financials
KXIN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

KXIN Overview

Kaixin Auto Holdings operates as a used car dealership in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for Kaixin Auto Holdings
Historical stock prices
Current Share PriceUS$2.92
52 Week HighUS$0.48
52 Week LowUS$13.40
Beta-1.88
1 Month Change-8.46%
3 Month Change25.32%
1 Year Change425.65%
3 Year Changen/a
5 Year Changen/a
Change since IPO5.04%

Recent News & Updates

Jan 11

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

Shareholder Returns

KXINUS Specialty RetailUS Market
7D-4.6%0.5%0.1%
1Y425.7%56.6%35.3%

Return vs Industry: KXIN exceeded the US Specialty Retail industry which returned 56.6% over the past year.

Return vs Market: KXIN exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is KXIN's price volatile compared to industry and market?
KXIN volatility
KXIN Beta-1.88
Industry Beta1.56
Market Beta1

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

FoundedEmployeesCEOWebsite
201534Mingjun Linhttps://ir.kaixin.com

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.

Kaixin Auto Holdings Fundamentals Summary

How do Kaixin Auto Holdings's earnings and revenue compare to its market cap?
KXIN fundamental statistics
Market CapUS$418.90m
Earnings (TTM)-US$5.30m
Revenue (TTM)US$33.16m

12.6x

P/S Ratio

-79.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KXIN income statement (TTM)
RevenueUS$33.16m
Cost of RevenueUS$32.16m
Gross ProfitUS$1.00m
ExpensesUS$6.30m
Earnings-US$5.30m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)-0.037
Gross Margin3.02%
Net Profit Margin-15.99%
Debt/Equity Ratio203.3%

How did KXIN perform over the long term?

See historical performance and comparison

Valuation

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.


Future Growth

How is Kaixin Auto Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.5%

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.


Past Performance

How has Kaixin Auto Holdings performed over the past 5 years?

-15.1%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average board tenure


CEO

Mingjun Lin (45 yo)

0.83

Tenure

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...


Board Members

Experienced Board: KXIN's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 121.8%.


Top Shareholders

Company Information

Kaixin Auto Holdings's employee growth, exchange listings and data sources


Key Information

  • Name: Kaixin Auto Holdings
  • Ticker: KXIN
  • Exchange: NasdaqCM
  • Founded: 2015
  • Industry: Automotive Retail
  • Sector: Retail
  • Market Cap: US$418.905m
  • Shares outstanding: 143.46m
  • Website: https://ir.kaixin.com

Number of Employees


Location

  • Kaixin Auto Holdings
  • Tower D, Building 15
  • 4th Floor
  • Beijing
  • 100015
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:12
End of Day Share Price2021/09/24 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.