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Kaival Brands Innovations Group, Inc. (KAVL) 10-Year Financial Performance & Capital Metrics

KAVL • • Industrial / General
Consumer DefensiveTobaccoNext-Generation ProductsSpecialty Vapor Products
AboutKaival Brands Innovations Group, Inc. distributes electronic nicotine delivery systems (ENDS Products) and related components in the Unites States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS Product in various flavor options; and Bidi Pouch, a tobacco-free nicotine formulation, which contains natural fibers and a chew-base filler in different flavors. It sells its products to non-retail customers through website bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC.Show more
  • Revenue $7M -47.4%
  • EBITDA -$5M +52.4%
  • Net Income -$7M +39.8%
  • EPS (Diluted) -1.62 +60.8%
  • Gross Margin 37.82% +92.2%
  • EBITDA Margin -71.47% +9.5%
  • Operating Margin -82.9% -1.7%
  • Net Margin -97.27% -14.3%
  • ROE -48.95% +48.7%
  • ROIC -33.11% +54.0%
  • Debt/Equity 0.08 -43.0%
  • Interest Coverage -7.83 +65.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 0 (bottom 0%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 58.5% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-51.07%
TTM-89.28%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-6.8%

EPS CAGR

10Y-
5Y-
3Y-
TTM30.29%

ROCE

10Y Avg-49.95%
5Y Avg-49.95%
3Y Avg-76.54%
Latest-39.51%

Peer Comparison

Specialty Vapor Products
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
XXII22nd Century Group, Inc.6.62M0.87-0.00-63.12%-65.69%-32.23%2.15
KAVLKaival Brands Innovations Group, Inc.313.02K0.03-0.02-47.38%-7.48%-80.37%0.08
ISPRIspire Technology Inc.168.39M2.94-4.26-16.07%-31.14%-223.84%11.67

Profit & Loss

Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024
Sales/Revenue+0064.31M58.78M12.76M13.09M6.89M
Revenue Growth %----0.09%-0.78%0.03%-0.47%
Cost of Goods Sold+0054.26M46.84M11.52M10.51M4.28M
COGS % of Revenue--0.84%0.8%0.9%0.8%0.62%
Gross Profit+0010.06M11.93M1.24M2.58M2.6M
Gross Margin %--0.16%0.2%0.1%0.2%0.38%
Gross Profit Growth %---0.19%-0.9%1.07%0.01%
Operating Expenses+4.38K68.85K4.7M22.4M15.63M13.24M8.31M
OpEx % of Revenue--0.07%0.38%1.22%1.01%1.21%
Selling, General & Admin4.38K68.85K4.7M22.4M15.63M13.24M8.31M
SG&A % of Revenue--0.07%0.38%1.22%1.01%1.21%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses0000000
Operating Income+-4.38K-68.85K5.36M-10.47M-14.39M-10.66M-5.71M
Operating Margin %--0.08%-0.18%-1.13%-0.81%-0.83%
Operating Income Growth %--14.73%78.85%-2.95%-0.37%0.26%0.46%
EBITDA+21.88K05.36M0-14.26M-10.34M-4.92M
EBITDA Margin %--0.08%--1.12%-0.79%-0.71%
EBITDA Growth %--1%--1%-0.27%0.52%
D&A (Non-Cash Add-back)26.26K68.85K010.47M132.89K328.3K787.09K
EBIT-4.38K-68.85K5.36M-10.47M-14.39M-10.66M-5.95M
Net Interest Income+001.05K3954-467K-730K
Interest Income001.05K395400
Interest Expense00000466.52K729.56K
Other Income/Expense001.05K3954-466.65K-970.34K
Pretax Income+-4.38K-68.85K5.36M-10.47M-14.39M-11.13M-6.68M
Pretax Margin %--0.08%-0.18%-1.13%-0.85%-0.97%
Income Tax+001.51M-1.44M-18.32K2.35K19.66K
Effective Tax Rate %1%1%0.72%0.86%1%1%1%
Net Income+-4.38K-68.85K3.85M-9.03M-14.37M-11.13M-6.7M
Net Margin %--0.06%-0.15%-1.13%-0.85%-0.97%
Net Income Growth %--14.73%56.86%-3.35%-0.59%0.23%0.4%
Net Income (Continuing)-4.38K-68.85K3.85M-9.03M-14.37M-11.13M-6.7M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-0.00-0.031.88-7.90-7.60-4.13-1.62
EPS Growth %--63.05%-5.2%0.04%0.46%0.61%
EPS (Basic)-0.00-0.031.88-7.90-7.60-4.13-1.62
Diluted Shares Outstanding2.27M2.27M2.05M1.14M1.89M2.72M4.31M
Basic Shares Outstanding2.27M2.27M2.05M1.14M1.89M2.72M4.31M
Dividend Payout Ratio-------

Balance Sheet

Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024
Total Current Assets+008.85M30.13M9.07M6.91M4.51M
Cash & Short-Term Investments007.42M7.76M3.69M533.66K3.9M
Cash Only007.42M7.76M3.69M533.66K3.9M
Short-Term Investments0000000
Accounts Receivable001.42M1.99M3.72M1.87M263.57K
Days Sales Outstanding--8.0412.33106.4452.1313.97
Inventory006.38K15.33M1.24M4.07M0
Days Inventory Outstanding--0.04119.4239.28141.38-
Other Current Assets0004.74M000
Total Non-Current Assets+0070.13K55.6K3.36M12.48M11.49M
Property, Plant & Equipment0070.13K55.6K1.2M1.01M812.18K
Fixed Asset Turnover--917.03x1057.05x10.64x12.94x8.48x
Goodwill0000000
Intangible Assets0000011.47M10.68M
Long-Term Investments00002.16M00
Other Non-Current Assets0000000
Total Assets+008.92M30.19M12.44M19.39M16M
Asset Turnover--7.21x1.95x1.03x0.68x0.43x
Asset Growth %---2.39%-0.59%0.56%-0.17%
Total Current Liabilities+3K44.89K4.44M13.82M1.59M4.96M1.53M
Accounts Payable001.41M12.91M40.02K2.85M57.5K
Days Payables Outstanding--9.48100.61.2798.934.9
Short-Term Debt0011.71K00799.47K207.62K
Deferred Revenue (Current)00623.1K316.8K280.25K392.41K0
Other Current Liabilities001.32M0000
Current Ratio--1.99x2.18x5.72x1.39x2.95x
Quick Ratio--1.99x1.07x4.94x0.57x2.95x
Cash Conversion Cycle---1.431.15144.4594.59-
Total Non-Current Liabilities+0059.2K46.19K1.05M866.21K662.27K
Long-Term Debt0000000
Capital Lease Obligations0059.2K46.19K1.05M866.21K662.27K
Deferred Tax Liabilities0000000
Other Non-Current Liabilities0000000
Total Liabilities3K44.89K4.5M13.87M2.64M5.83M2.19M
Total Debt+0070.91K59.2K1.22M1.85M1.07M
Net Debt00-7.35M-7.7M-2.47M1.32M-2.83M
Debt / Equity--0.02x0.00x0.12x0.14x0.08x
Debt / EBITDA--0.01x----
Net Debt / EBITDA---1.37x----
Interest Coverage------22.86x-7.83x
Total Equity+-3K-44.89K4.42M16.32M9.8M13.56M13.82M
Equity Growth %--13.96%99.42%2.7%-0.4%0.38%0.02%
Book Value per Share-0.00-0.022.1614.285.184.983.20
Total Shareholders' Equity-3K-44.89K4.42M16.32M9.8M13.56M13.82M
Common Stock572.37K572.37K277.28K30.2K56.17K2.79K8.52K
Retained Earnings-4.38K-73.22K3.77M-5.26M-19.63M-30.76M-37.46M
Treasury Stock0000000
Accumulated OCI-570.99K-544.03K00000
Minority Interest0000000

Cash Flow

Oct 2018Oct 2019Oct 2020Oct 2021Oct 2022Oct 2023Oct 2024
Cash from Operations+026.96K7.6M-9.31M-5.71M-2.97M-672.63K
Operating CF Margin %--0.12%-0.16%-0.45%-0.23%-0.1%
Operating CF Growth %--280.93%-2.23%0.39%0.48%0.77%
Net Income-26.26K-68.85K3.85M-9.03M-14.37M-11.13M-6.7M
Depreciation & Amortization003.62K14.53K132.89K328.3K787.09K
Stock-Based Compensation8.26K26.96K796.59K11.22M6.28M3.39M170.23K
Deferred Taxes00-3.62K00-584.45K0
Other Non-Cash Items026.96K7800259.56K1.77M743.63K
Working Capital Changes18K41.89K2.96M-11.52M1.99M3.26M4.33M
Change in Receivables00-1.42M-568.26K1.41M3.97M1.58M
Change in Inventory00-6.38K-15.32M13.83M-3.32M4.01M
Change in Payables001.41M11.5M-12.87M2.81M-1.38M
Cash from Investing+00000-315.77K0
Capital Expenditures00000-3.48K0
CapEx % of Revenue--0%--0%-
Acquisitions-------
Investments-------
Other Investing0000000
Cash from Financing+00-179.92K9.72M1.57M136.79K4.04M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid000000-270K
Share Repurchases-------
Other Financing0001.41M-59.86K0-87.8K
Net Change in Cash-------
Free Cash Flow+026.96K7.6M-9.31M-5.71M-2.98M-672.63K
FCF Margin %--0.12%-0.16%-0.45%-0.23%-0.1%
FCF Growth %--280.93%-2.23%0.39%0.48%0.77%
FCF per Share-0.013.71-8.15-3.02-1.09-0.16
FCF Conversion (FCF/Net Income)--0.39x1.98x1.03x0.40x0.27x0.10x
Interest Paid0000000
Taxes Paid00182.93K1.64M000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)--175.91%-87.1%-110.01%-95.33%-48.95%
Return on Invested Capital (ROIC)----275.98%-135.28%-72.04%-33.11%
Gross Margin--15.64%20.3%9.72%19.68%37.82%
Net Margin--5.98%-15.37%-112.61%-85.07%-97.27%
Debt / Equity--0.02x0.00x0.12x0.14x0.08x
Interest Coverage------22.86x-7.83x
FCF Conversion--0.39x1.98x1.03x0.40x0.27x0.10x
Revenue Growth----8.61%-78.29%2.55%-47.38%

Frequently Asked Questions

Growth & Financials

Kaival Brands Innovations Group, Inc. (KAVL) reported $1.1M in revenue for fiscal year 2024.

Kaival Brands Innovations Group, Inc. (KAVL) saw revenue decline by 47.4% over the past year.

Kaival Brands Innovations Group, Inc. (KAVL) reported a net loss of $8.1M for fiscal year 2024.

Dividend & Returns

Yes, Kaival Brands Innovations Group, Inc. (KAVL) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Kaival Brands Innovations Group, Inc. (KAVL) has a return on equity (ROE) of -48.9%. Negative ROE indicates the company is unprofitable.

Kaival Brands Innovations Group, Inc. (KAVL) had negative free cash flow of $2.8M in fiscal year 2024, likely due to heavy capital investments.

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