Kandi Technologies Group, Inc. (KNDI) 10-Year Financial Performance & Capital Metrics

KNDI • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentPowertrain & Drivetrain SystemsTransmission & Gear Systems

AboutKandi Technologies Group, Inc. 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 all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts. 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.Show more

Revenue $128M +3.2%
EBITDA -$57M -4160.2%
Net Income -$50M -708115.5%
EPS (Diluted) -0.59 -590100.0%
Gross Margin 30.78% -8.0%
EBITDA Margin -44.65% -4027.5%
Operating Margin -53.92% -410.6%
Net Margin -39.58% -682562.1%
ROE -13.41% -745066.7%
ROIC -12.76% -390.6%
Debt/Equity 0.24 +139.6%
Interest Coverage -31.32 -218.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.84%

5Y-1.23%

3Y11.72%

TTM-22.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-5830.86%

EPS CAGR

10Y-

5Y-

3Y-

TTM-6796.55%

ROCE

10Y Avg-5.13%

5Y Avg-5.38%

3Y Avg-9.15%

Latest-17.81%

Peer Comparison

Transmission & Gear Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PHINPHINIA Inc.	2.7B	70.12	39.84	-2.77%	2.63%	5.67%	7.53%	0.66
BWABorgWarner Inc.	10.4B	48.60	32.40	-0.81%	0.95%	2.18%	6.55%	0.76
GTXGarrett Motion Inc.	3.74B	19.22	15.25	-10.58%	9.22%		8.48%
ALSNAllison Transmission Holdings, Inc.	9.28B	111.55	13.42	6.26%	22.78%	37.97%	7.09%	1.47
GGRGogoro Inc.	45.8M	3.10	-0.34	-11.21%	-46.88%	-99.31%		2.23
WPRTWestport Fuel Systems Inc.	37.5M	2.16	-1.70	-8.89%	-37.88%	-75.62%		0.39
KNDIKandi Technologies Group, Inc.	83.69M	1.02	-1.73	3.21%	-49.1%	-14.35%		0.24
SESSES AI Corporation	693.77M	2.16	-6.97		-490.03%	-39.68%		0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	201.07M	129.49M	102.81M	112.44M	135.74M	76.92M	91.49M	117.81M	123.6M	127.57M
Revenue Growth %	0.18%	-0.36%	-0.21%	0.09%	0.21%	-0.43%	0.19%	0.29%	0.05%	0.03%
Cost of Goods Sold+	172.65M	111.77M	88.46M	92.19M	110.31M	63.43M	75.24M	98.3M	82.23M	88.3M
COGS % of Revenue	0.86%	0.86%	0.86%	0.82%	0.81%	0.82%	0.82%	0.83%	0.67%	0.69%
Gross Profit+	28.42M	17.72M	14.34M	20.25M	25.43M	13.49M	16.25M	19.52M	41.37M	39.27M
Gross Margin %	0.14%	0.14%	0.14%	0.18%	0.19%	0.18%	0.18%	0.17%	0.33%	0.31%
Gross Profit Growth %	0.21%	-0.38%	-0.19%	0.41%	0.26%	-0.47%	0.2%	0.2%	1.12%	-0.05%
Operating Expenses+	32.37M	48.74M	40.43M	21.89M	24.52M	12.73M	14.91M	47.2M	54.42M	108.05M
OpEx % of Revenue	0.16%	0.38%	0.39%	0.19%	0.18%	0.17%	0.16%	0.4%	0.44%	0.85%
Selling, General & Admin	28.89M	22.23M	12.8M	11.8M	18.31M	19.66M	24.34M	37.83M	48.72M	78.92M
SG&A % of Revenue	0.14%	0.17%	0.12%	0.1%	0.13%	0.26%	0.27%	0.32%	0.39%	0.62%
Research & Development	3.48M	26.5M	27.63M	10.08M	6.21M	7.25M	38.97M	6.03M	4.27M	5M
R&D % of Revenue	0.02%	0.2%	0.27%	0.09%	0.05%	0.09%	0.43%	0.05%	0.03%	0.04%
Other Operating Expenses	0	0	0	0	0	-14.17M	-48.4M	3.34M	1.44M	24.14M
Operating Income+	-3.95M	-31.02M	-26.08M	-1.64M	909.54K	754.4K	1.34M	-27.68M	-13.05M	-68.78M
Operating Margin %	-0.02%	-0.24%	-0.25%	-0.01%	0.01%	0.01%	0.01%	-0.23%	-0.11%	-0.54%
Operating Income Growth %	-1.75%	-6.85%	0.16%	0.94%	1.56%	-0.17%	0.77%	-21.71%	0.53%	-4.27%
EBITDA+	1.84M	-26.15M	-21.3M	2.69M	9.02M	8.89M	11.2M	-15.46M	-1.34M	-56.96M
EBITDA Margin %	0.01%	-0.2%	-0.21%	0.02%	0.07%	0.12%	0.12%	-0.13%	-0.01%	-0.45%
EBITDA Growth %	-0.83%	-15.24%	0.19%	1.13%	2.36%	-0.01%	0.26%	-2.38%	0.91%	-41.6%
D&A (Non-Cash Add-back)	5.79M	4.86M	4.78M	4.33M	8.11M	8.14M	9.87M	12.22M	11.72M	11.83M
EBIT	-3.95M	-31.02M	-26.08M	-1.64M	909.54K	-13.42M	-47.07M	-24.34M	-11.61M	-44.65M
Net Interest Income+	924.08K	1.13M	-10.44K	-547K	-4.03M	-1.56M	3.8M	5.72M	8.66M	7.85M
Interest Income	3.14M	2.96M	2.27M	1.32M	791.89K	2.19M	4.21M	6.43M	9.98M	10.05M
Interest Expense	2.21M	1.83M	2.28M	1.87M	4.82M	3.75M	407.62K	707.49K	1.33M	2.2M
Other Income/Expense	24.75M	25.19M	-5.53M	3.71M	-8.79M	-16.2M	27.87M	14.34M	16.52M	12.7M
Pretax Income+	20.79M	-5.83M	-31.61M	2.08M	-7.88M	-15.44M	29.21M	-13.34M	3.47M	-56.08M
Pretax Margin %	0.1%	-0.05%	-0.31%	0.02%	-0.06%	-0.2%	0.32%	-0.11%	0.03%	-0.44%
Income Tax+	6.13M	681.55K	3.26M	7.77M	692.26K	5.05M	6.35M	487.51K	1.8M	5.13M
Effective Tax Rate %	0.71%	1.12%	0.9%	-2.74%	0.91%	0.67%	0.78%	0.91%	0%	0.9%
Net Income+	14.67M	-6.51M	-28.35M	-5.69M	-7.19M	-10.39M	22.86M	-12.12M	7.13K	-50.5M
Net Margin %	0.07%	-0.05%	-0.28%	-0.05%	-0.05%	-0.14%	0.25%	-0.1%	0%	-0.4%
Net Income Growth %	0.2%	-1.44%	-3.35%	0.8%	-0.26%	-0.45%	3.2%	-1.53%	1%	-7081.15%
Net Income (Continuing)	14.67M	-6.51M	-28.35M	-5.69M	-7.19M	-10.39M	22.86M	-12.85M	1.67M	-50.95M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	722.48K	2.39M	1.93M
EPS (Diluted)+	0.31	-0.14	-0.59	-0.11	-0.14	-0.19	0.30	-0.16	0.00	-0.59
EPS Growth %	0.07%	-1.45%	-3.21%	0.81%	-0.27%	-0.36%	2.58%	-1.53%	1%	-
EPS (Basic)	0.31	-0.14	-0.59	-0.11	-0.14	-0.19	0.30	-0.16	0.00	-0.59
Diluted Shares Outstanding	46.93M	46.93M	47.94M	51.19M	52.34M	55.96M	76.15M	75.57M	79.9M	86.07M
Basic Shares Outstanding	46.74M	46.51M	47.94M	51.19M	52.34M	55.96M	76.15M	75.57M	78.78M	82.22M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	190.87M	264.03M	238.31M	167.35M	195.57M	307.12M	342.61M	329.32M	343.55M	354.65M
Cash & Short-Term Investments	18.35M	16.7M	4.89M	15.66M	5.49M	142.08M	184.27M	165.25M	67.7M	42.79M
Cash Only	16.74M	12.24M	4.89M	15.66M	5.49M	142.08M	129.22M	84.06M	33.76M	37.31M
Short-Term Investments	1.61M	4.46M	0	0	0	0	55.04M	81.19M	33.95M	5.48M
Accounts Receivable	137.95M	179.89M	184.77M	35.54M	61.18M	94.46M	62.12M	50.5M	149.9M	171.53M
Days Sales Outstanding	250.42	507.05	656.01	115.37	164.51	448.21	247.84	156.45	442.67	490.78
Inventory	17.77M	11.91M	15.98M	22M	27.74M	19.7M	33.17M	40.48M	61.55M	51.27M
Days Inventory Outstanding	37.58	38.91	65.93	87.09	91.78	113.34	160.93	150.3	273.21	211.93
Other Current Assets	24.34M	55.6M	35.48M	23.8M	101.16M	442.44K	63.05M	66.98M	59.87M	83.53M
Total Non-Current Assets+	180.6M	175.67M	200.02M	261.48M	175.65M	188.13M	177.55M	153.66M	151.91M	119.25M
Property, Plant & Equipment	74.89M	42.25M	65.08M	82.05M	74.41M	105.61M	111.66M	97.37M	104.69M	70.02M
Fixed Asset Turnover	2.68x	3.07x	1.58x	1.37x	1.82x	0.73x	0.82x	1.21x	1.18x	1.82x
Goodwill	322.59K	322.59K	322.59K	28.55M	28.27M	29.71M	36.03M	33.18M	33.15M	31.18M
Intangible Assets	13.43M	12.19M	13M	16.08M	19.06M	10.81M	16.5M	10.9M	12.89M	10.02M
Long-Term Investments	91.8M	78.82M	72.14M	128.93M	47.23M	28.94M	157.26K	144.98K	-39.54T	1.41M
Other Non-Current Assets	154.02K	42.09M	45.09M	5.87M	5.95M	4.1M	10.99M	10.63M	39.54T	112.65K
Total Assets+	371.47M	439.7M	438.33M	428.83M	371.22M	495.25M	520.16M	482.98M	495.46M	473.9M
Asset Turnover	0.54x	0.29x	0.23x	0.26x	0.37x	0.16x	0.18x	0.24x	0.25x	0.27x
Asset Growth %	0.15%	0.18%	-0%	-0.02%	-0.13%	0.33%	0.05%	-0.07%	0.03%	-0.04%
Total Current Liabilities+	130.95M	177.68M	184.6M	164.82M	131.87M	83.8M	64.16M	81.51M	76.67M	120.39M
Accounts Payable	73.96M	115.87M	111.6M	112.31M	72.09M	34.26M	36.68M	35.32M	28.74M	25.48M
Days Payables Outstanding	156.35	378.39	460.45	444.65	238.55	197.13	177.93	131.16	127.59	105.31
Short-Term Debt	40.51M	49.06M	61.12M	43.33M	50.53M	92.44K	9.15M	24.69M	33.14M	79.15M
Deferred Revenue (Current)	107.75K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	16.46M	6.36M	9.66M	7.82M	-416.79K	2.19M	5.42M	20.22M	12.65M	5.79M
Current Ratio	1.46x	1.49x	1.29x	1.02x	1.48x	3.66x	5.34x	4.04x	4.48x	2.95x
Quick Ratio	1.32x	1.42x	1.20x	0.88x	1.27x	3.43x	4.82x	3.54x	3.68x	2.52x
Cash Conversion Cycle	131.64	167.57	261.49	-242.19	17.74	364.43	230.83	175.59	588.29	597.4
Total Non-Current Liabilities+	1.59M	29.67M	30.74M	38.38M	21.49M	7.69M	12.8M	3.78M	12.27M	6.87M
Long-Term Debt	0	28.79M	30.74M	28.79M	14.35M	0	2.21M	0	8.39M	5.71M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	1.59M	878.64K	0	1.71M	1.36M	3.48M	2.46M	1.38M	963.69K	524.9K
Other Non-Current Liabilities	0	0	0	7.88M	5.77M	4.2M	8.13M	2.41M	2.92M	640.84K
Total Liabilities	132.54M	207.35M	215.34M	203.21M	153.36M	91.48M	76.96M	85.29M	88.95M	127.27M
Total Debt+	40.51M	77.86M	91.86M	72.12M	64.88M	92.44K	11.36M	24.69M	41.53M	84.86M
Net Debt	23.77M	65.62M	86.96M	56.46M	59.39M	-141.99M	-117.86M	-59.37M	7.78M	47.55M
Debt / Equity	0.17x	0.34x	0.41x	0.32x	0.30x	0.00x	0.03x	0.06x	0.10x	0.24x
Debt / EBITDA	22.06x	-	-	26.83x	7.19x	0.01x	1.01x	-	-	-
Net Debt / EBITDA	12.94x	-	-	21.00x	6.58x	-15.97x	-10.52x	-	-	-
Interest Coverage	-1.78x	-16.93x	-11.44x	-0.88x	0.19x	0.20x	3.28x	-39.12x	-9.84x	-31.32x
Total Equity+	238.93M	232.35M	222.99M	225.62M	217.86M	403.77M	443.2M	397.69M	406.51M	346.63M
Equity Growth %	0.13%	-0.03%	-0.04%	0.01%	-0.03%	0.85%	0.1%	-0.1%	0.02%	-0.15%
Book Value per Share	5.09	4.95	4.65	4.41	4.16	7.22	5.82	5.26	5.09	4.03
Total Shareholders' Equity	238.93M	232.35M	222.99M	225.62M	217.86M	403.77M	443.2M	396.97M	404.12M	344.7M
Common Stock	46.97K	47.7K	48.04K	51.48K	52.84K	75.38K	77.39K	77.67K	87.53K	87.55K
Retained Earnings	31.06M	24.55M	-3.8M	-9.5M	-16.69M	-27.08M	-4.22M	-16.34M	-16.33M	-66.83M
Treasury Stock	0	0	0	0	-2.48M	0	-2.39M	-9.81M	-507.01K	-4.39M
Accumulated OCI	-4.74M	-20.16M	-6.31M	-19.92M	-22.72M	-8.78M	251.79K	-28.33M	-36.97M	-48.1M
Minority Interest	0	0	0	0	0	0	0	722.48K	2.39M	1.93M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.37M	-49.53M	-3.21M	13.59M	-29.89M	-50.88M	241.69K	31.48M	-101.16M	-17.82M
Operating CF Margin %	-0.03%	-0.38%	-0.03%	0.12%	-0.22%	-0.66%	0%	0.27%	-0.82%	-0.14%
Operating CF Growth %	-2.91%	-6.77%	0.94%	5.23%	-3.2%	-0.7%	1%	129.25%	-4.21%	0.82%
Net Income	14.67M	-6.51M	-28.35M	-5.69M	-7.19M	-10.39M	22.86M	-12.85M	1.67M	-50.95M
Depreciation & Amortization	5.79M	4.86M	4.78M	4.33M	8.2M	8.22M	10.04M	12.43M	11.91M	12.02M
Stock-Based Compensation	22.31M	14.91M	5.19M	285.61K	1.36M	902.67K	1.48M	1.93M	11.06M	7.12M
Deferred Taxes	1.45M	3.65M	-5.45M	4.82M	-1.07M	-5.35M	4.07M	-461.05K	203.24K	-6.14M
Other Non-Cash Items	-20.17M	3.44M	12.31M	14.48M	7.66M	3.49M	-65.57M	-1.4M	434.29K	46.1M
Working Capital Changes	-30.41M	-69.89M	8.31M	-4.62M	-38.85M	-47.76M	27.35M	31.84M	-126.44M	-25.96M
Change in Receivables	-184.65M	-166.47M	-41.99M	-177.44M	-38.85M	25.15M	-3.33M	-21.17M	-108.27M	-39.73M
Change in Inventory	-3.5M	4.95M	-3.31M	-5.24M	-6.46M	9.25M	-7.52M	-9.15M	-21.53M	-11.58M
Change in Payables	164.7M	112.15M	66.78M	137.39M	10.44M	-30.99M	2.18M	62.59M	38.6M	79.04M
Cash from Investing+	-4.31M	966.63K	2.71M	-947.44K	31.25M	51.15M	22.21M	-35.03M	32.28M	25.72M
Capital Expenditures	-827.06K	-6.28M	-1.46M	-1M	-598.2K	-14.9M	-16.79M	-3.82M	-13.25M	-935K
CapEx % of Revenue	0%	0.05%	0.01%	0.01%	0%	0.19%	0.18%	0.03%	0.11%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-283.96K	10.33M	-5M	1.69M	0	23.2M	52.73M	-757.98K	0	0
Cash from Financing+	-2.58M	44.83M	-7.3M	-5.3M	-6.98M	126.45M	747.93K	-4.33M	14.83M	22.51M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.01M	434.67K	0	0	0	29.16M	0	757.98K	0	-1K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.96M	-55.81M	-5.09M	12.48M	-30.48M	-69.07M	-18.9M	27.66M	-114.41M	-18.75M
FCF Margin %	-0.02%	-0.43%	-0.05%	0.11%	-0.22%	-0.9%	-0.21%	0.23%	-0.93%	-0.15%
FCF Growth %	0.94%	-13.1%	0.91%	3.45%	-3.44%	-1.27%	0.73%	2.46%	-5.14%	0.84%
FCF per Share	-0.08	-1.19	-0.11	0.24	-0.58	-1.23	-0.25	0.37	-1.43	-0.22
FCF Conversion (FCF/Net Income)	-0.43x	7.61x	0.11x	-2.39x	4.16x	4.90x	0.01x	-2.60x	-14184.05x	0.35x
Interest Paid	2.19M	1.67M	1.63M	1.71M	1.74M	653.51K	35K	345.45K	965.02K	1.74M
Taxes Paid	2.5M	2.6M	1.45M	2.06M	1.99M	1.05M	2.07M	350K	311.5K	859.67K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.51%	-2.76%	-12.45%	-2.54%	-3.24%	-3.34%	5.4%	-2.88%	0%	-13.41%
Return on Invested Capital (ROIC)	-1.21%	-8.3%	-6.44%	-0.42%	0.24%	0.21%	0.34%	-6.26%	-2.6%	-12.76%
Gross Margin	14.13%	13.69%	13.95%	18.01%	18.73%	17.53%	17.76%	16.57%	33.47%	30.78%
Net Margin	7.29%	-5.03%	-27.57%	-5.06%	-5.3%	-13.51%	24.99%	-10.29%	0.01%	-39.58%
Debt / Equity	0.17x	0.34x	0.41x	0.32x	0.30x	0.00x	0.03x	0.06x	0.10x	0.24x
Interest Coverage	-1.78x	-16.93x	-11.44x	-0.88x	0.19x	0.20x	3.28x	-39.12x	-9.84x	-31.32x
FCF Conversion	-0.43x	7.61x	0.11x	-2.39x	4.16x	4.90x	0.01x	-2.60x	-14184.05x	0.35x
Revenue Growth	18.12%	-35.6%	-20.61%	9.37%	20.72%	-43.33%	18.94%	28.78%	4.91%	3.21%

Revenue by Geography

	2017	2018	2019	2021	2022	2023
UNITED STATES	-	-	-	-	-	93.98M
UNITED STATES Growth	-	-	-	-	-	-
CHINA	97.99M	99.7M	111.12M	58.82M	51.94M	29.62M
CHINA Growth	-	1.74%	11.46%	-47.07%	-11.69%	-42.98%
Overseas	4.82M	12.74M	24.62M	-	-	-
Overseas Growth	-	164.48%	93.25%	-	-	-

Frequently Asked Questions

Growth & Financials

Kandi Technologies Group, Inc. (KNDI) reported $104.0M in revenue for fiscal year 2024. This represents a 159% increase from $40.2M in 2011.

Kandi Technologies Group, Inc. (KNDI) grew revenue by 3.2% over the past year. Growth has been modest.

Kandi Technologies Group, Inc. (KNDI) reported a net loss of $51.1M for fiscal year 2024.

Dividend & Returns

Kandi Technologies Group, Inc. (KNDI) has a return on equity (ROE) of -13.4%. Negative ROE indicates the company is unprofitable.

Kandi Technologies Group, Inc. (KNDI) had negative free cash flow of $18.8M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Kandi Technologies Group, Inc. (KNDI) 10-Year Financial Performance & Capital Metrics

KNDI • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentPowertrain & Drivetrain SystemsTransmission & Gear Systems

Revenue $128M +3.2%
EBITDA -$57M -4160.2%
Net Income -$50M -708115.5%
EPS (Diluted) -0.59 -590100.0%
Gross Margin 30.78% -8.0%
EBITDA Margin -44.65% -4027.5%
Operating Margin -53.92% -410.6%
Net Margin -39.58% -682562.1%
ROE -13.41% -745066.7%
ROIC -12.76% -390.6%
Debt/Equity 0.24 +139.6%
Interest Coverage -31.32 -218.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.84%

5Y-1.23%

3Y11.72%

TTM-22.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-5830.86%

EPS CAGR

10Y-

5Y-

3Y-

TTM-6796.55%

ROCE

10Y Avg-5.13%

5Y Avg-5.38%

3Y Avg-9.15%

Latest-17.81%

Peer Comparison

Transmission & Gear Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PHINPHINIA Inc.	2.7B	70.12	39.84	-2.77%	2.63%	5.67%	7.53%	0.66
BWABorgWarner Inc.	10.4B	48.60	32.40	-0.81%	0.95%	2.18%	6.55%	0.76
GTXGarrett Motion Inc.	3.74B	19.22	15.25	-10.58%	9.22%		8.48%
ALSNAllison Transmission Holdings, Inc.	9.28B	111.55	13.42	6.26%	22.78%	37.97%	7.09%	1.47
GGRGogoro Inc.	45.8M	3.10	-0.34	-11.21%	-46.88%	-99.31%		2.23
WPRTWestport Fuel Systems Inc.	37.5M	2.16	-1.70	-8.89%	-37.88%	-75.62%		0.39
KNDIKandi Technologies Group, Inc.	83.69M	1.02	-1.73	3.21%	-49.1%	-14.35%		0.24
SESSES AI Corporation	693.77M	2.16	-6.97		-490.03%	-39.68%		0.04

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	201.07M	129.49M	102.81M	112.44M	135.74M	76.92M	91.49M	117.81M	123.6M	127.57M
Revenue Growth %	0.18%	-0.36%	-0.21%	0.09%	0.21%	-0.43%	0.19%	0.29%	0.05%	0.03%
Cost of Goods Sold+	172.65M	111.77M	88.46M	92.19M	110.31M	63.43M	75.24M	98.3M	82.23M	88.3M
COGS % of Revenue	0.86%	0.86%	0.86%	0.82%	0.81%	0.82%	0.82%	0.83%	0.67%	0.69%
Gross Profit+	28.42M	17.72M	14.34M	20.25M	25.43M	13.49M	16.25M	19.52M	41.37M	39.27M
Gross Margin %	0.14%	0.14%	0.14%	0.18%	0.19%	0.18%	0.18%	0.17%	0.33%	0.31%
Gross Profit Growth %	0.21%	-0.38%	-0.19%	0.41%	0.26%	-0.47%	0.2%	0.2%	1.12%	-0.05%
Operating Expenses+	32.37M	48.74M	40.43M	21.89M	24.52M	12.73M	14.91M	47.2M	54.42M	108.05M
OpEx % of Revenue	0.16%	0.38%	0.39%	0.19%	0.18%	0.17%	0.16%	0.4%	0.44%	0.85%
Selling, General & Admin	28.89M	22.23M	12.8M	11.8M	18.31M	19.66M	24.34M	37.83M	48.72M	78.92M
SG&A % of Revenue	0.14%	0.17%	0.12%	0.1%	0.13%	0.26%	0.27%	0.32%	0.39%	0.62%
Research & Development	3.48M	26.5M	27.63M	10.08M	6.21M	7.25M	38.97M	6.03M	4.27M	5M
R&D % of Revenue	0.02%	0.2%	0.27%	0.09%	0.05%	0.09%	0.43%	0.05%	0.03%	0.04%
Other Operating Expenses	0	0	0	0	0	-14.17M	-48.4M	3.34M	1.44M	24.14M
Operating Income+	-3.95M	-31.02M	-26.08M	-1.64M	909.54K	754.4K	1.34M	-27.68M	-13.05M	-68.78M
Operating Margin %	-0.02%	-0.24%	-0.25%	-0.01%	0.01%	0.01%	0.01%	-0.23%	-0.11%	-0.54%
Operating Income Growth %	-1.75%	-6.85%	0.16%	0.94%	1.56%	-0.17%	0.77%	-21.71%	0.53%	-4.27%
EBITDA+	1.84M	-26.15M	-21.3M	2.69M	9.02M	8.89M	11.2M	-15.46M	-1.34M	-56.96M
EBITDA Margin %	0.01%	-0.2%	-0.21%	0.02%	0.07%	0.12%	0.12%	-0.13%	-0.01%	-0.45%
EBITDA Growth %	-0.83%	-15.24%	0.19%	1.13%	2.36%	-0.01%	0.26%	-2.38%	0.91%	-41.6%
D&A (Non-Cash Add-back)	5.79M	4.86M	4.78M	4.33M	8.11M	8.14M	9.87M	12.22M	11.72M	11.83M
EBIT	-3.95M	-31.02M	-26.08M	-1.64M	909.54K	-13.42M	-47.07M	-24.34M	-11.61M	-44.65M
Net Interest Income+	924.08K	1.13M	-10.44K	-547K	-4.03M	-1.56M	3.8M	5.72M	8.66M	7.85M
Interest Income	3.14M	2.96M	2.27M	1.32M	791.89K	2.19M	4.21M	6.43M	9.98M	10.05M
Interest Expense	2.21M	1.83M	2.28M	1.87M	4.82M	3.75M	407.62K	707.49K	1.33M	2.2M
Other Income/Expense	24.75M	25.19M	-5.53M	3.71M	-8.79M	-16.2M	27.87M	14.34M	16.52M	12.7M
Pretax Income+	20.79M	-5.83M	-31.61M	2.08M	-7.88M	-15.44M	29.21M	-13.34M	3.47M	-56.08M
Pretax Margin %	0.1%	-0.05%	-0.31%	0.02%	-0.06%	-0.2%	0.32%	-0.11%	0.03%	-0.44%
Income Tax+	6.13M	681.55K	3.26M	7.77M	692.26K	5.05M	6.35M	487.51K	1.8M	5.13M
Effective Tax Rate %	0.71%	1.12%	0.9%	-2.74%	0.91%	0.67%	0.78%	0.91%	0%	0.9%
Net Income+	14.67M	-6.51M	-28.35M	-5.69M	-7.19M	-10.39M	22.86M	-12.12M	7.13K	-50.5M
Net Margin %	0.07%	-0.05%	-0.28%	-0.05%	-0.05%	-0.14%	0.25%	-0.1%	0%	-0.4%
Net Income Growth %	0.2%	-1.44%	-3.35%	0.8%	-0.26%	-0.45%	3.2%	-1.53%	1%	-7081.15%
Net Income (Continuing)	14.67M	-6.51M	-28.35M	-5.69M	-7.19M	-10.39M	22.86M	-12.85M	1.67M	-50.95M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	722.48K	2.39M	1.93M
EPS (Diluted)+	0.31	-0.14	-0.59	-0.11	-0.14	-0.19	0.30	-0.16	0.00	-0.59
EPS Growth %	0.07%	-1.45%	-3.21%	0.81%	-0.27%	-0.36%	2.58%	-1.53%	1%	-
EPS (Basic)	0.31	-0.14	-0.59	-0.11	-0.14	-0.19	0.30	-0.16	0.00	-0.59
Diluted Shares Outstanding	46.93M	46.93M	47.94M	51.19M	52.34M	55.96M	76.15M	75.57M	79.9M	86.07M
Basic Shares Outstanding	46.74M	46.51M	47.94M	51.19M	52.34M	55.96M	76.15M	75.57M	78.78M	82.22M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	190.87M	264.03M	238.31M	167.35M	195.57M	307.12M	342.61M	329.32M	343.55M	354.65M
Cash & Short-Term Investments	18.35M	16.7M	4.89M	15.66M	5.49M	142.08M	184.27M	165.25M	67.7M	42.79M
Cash Only	16.74M	12.24M	4.89M	15.66M	5.49M	142.08M	129.22M	84.06M	33.76M	37.31M
Short-Term Investments	1.61M	4.46M	0	0	0	0	55.04M	81.19M	33.95M	5.48M
Accounts Receivable	137.95M	179.89M	184.77M	35.54M	61.18M	94.46M	62.12M	50.5M	149.9M	171.53M
Days Sales Outstanding	250.42	507.05	656.01	115.37	164.51	448.21	247.84	156.45	442.67	490.78
Inventory	17.77M	11.91M	15.98M	22M	27.74M	19.7M	33.17M	40.48M	61.55M	51.27M
Days Inventory Outstanding	37.58	38.91	65.93	87.09	91.78	113.34	160.93	150.3	273.21	211.93
Other Current Assets	24.34M	55.6M	35.48M	23.8M	101.16M	442.44K	63.05M	66.98M	59.87M	83.53M
Total Non-Current Assets+	180.6M	175.67M	200.02M	261.48M	175.65M	188.13M	177.55M	153.66M	151.91M	119.25M
Property, Plant & Equipment	74.89M	42.25M	65.08M	82.05M	74.41M	105.61M	111.66M	97.37M	104.69M	70.02M
Fixed Asset Turnover	2.68x	3.07x	1.58x	1.37x	1.82x	0.73x	0.82x	1.21x	1.18x	1.82x
Goodwill	322.59K	322.59K	322.59K	28.55M	28.27M	29.71M	36.03M	33.18M	33.15M	31.18M
Intangible Assets	13.43M	12.19M	13M	16.08M	19.06M	10.81M	16.5M	10.9M	12.89M	10.02M
Long-Term Investments	91.8M	78.82M	72.14M	128.93M	47.23M	28.94M	157.26K	144.98K	-39.54T	1.41M
Other Non-Current Assets	154.02K	42.09M	45.09M	5.87M	5.95M	4.1M	10.99M	10.63M	39.54T	112.65K
Total Assets+	371.47M	439.7M	438.33M	428.83M	371.22M	495.25M	520.16M	482.98M	495.46M	473.9M
Asset Turnover	0.54x	0.29x	0.23x	0.26x	0.37x	0.16x	0.18x	0.24x	0.25x	0.27x
Asset Growth %	0.15%	0.18%	-0%	-0.02%	-0.13%	0.33%	0.05%	-0.07%	0.03%	-0.04%
Total Current Liabilities+	130.95M	177.68M	184.6M	164.82M	131.87M	83.8M	64.16M	81.51M	76.67M	120.39M
Accounts Payable	73.96M	115.87M	111.6M	112.31M	72.09M	34.26M	36.68M	35.32M	28.74M	25.48M
Days Payables Outstanding	156.35	378.39	460.45	444.65	238.55	197.13	177.93	131.16	127.59	105.31
Short-Term Debt	40.51M	49.06M	61.12M	43.33M	50.53M	92.44K	9.15M	24.69M	33.14M	79.15M
Deferred Revenue (Current)	107.75K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	16.46M	6.36M	9.66M	7.82M	-416.79K	2.19M	5.42M	20.22M	12.65M	5.79M
Current Ratio	1.46x	1.49x	1.29x	1.02x	1.48x	3.66x	5.34x	4.04x	4.48x	2.95x
Quick Ratio	1.32x	1.42x	1.20x	0.88x	1.27x	3.43x	4.82x	3.54x	3.68x	2.52x
Cash Conversion Cycle	131.64	167.57	261.49	-242.19	17.74	364.43	230.83	175.59	588.29	597.4
Total Non-Current Liabilities+	1.59M	29.67M	30.74M	38.38M	21.49M	7.69M	12.8M	3.78M	12.27M	6.87M
Long-Term Debt	0	28.79M	30.74M	28.79M	14.35M	0	2.21M	0	8.39M	5.71M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	1.59M	878.64K	0	1.71M	1.36M	3.48M	2.46M	1.38M	963.69K	524.9K
Other Non-Current Liabilities	0	0	0	7.88M	5.77M	4.2M	8.13M	2.41M	2.92M	640.84K
Total Liabilities	132.54M	207.35M	215.34M	203.21M	153.36M	91.48M	76.96M	85.29M	88.95M	127.27M
Total Debt+	40.51M	77.86M	91.86M	72.12M	64.88M	92.44K	11.36M	24.69M	41.53M	84.86M
Net Debt	23.77M	65.62M	86.96M	56.46M	59.39M	-141.99M	-117.86M	-59.37M	7.78M	47.55M
Debt / Equity	0.17x	0.34x	0.41x	0.32x	0.30x	0.00x	0.03x	0.06x	0.10x	0.24x
Debt / EBITDA	22.06x	-	-	26.83x	7.19x	0.01x	1.01x	-	-	-
Net Debt / EBITDA	12.94x	-	-	21.00x	6.58x	-15.97x	-10.52x	-	-	-
Interest Coverage	-1.78x	-16.93x	-11.44x	-0.88x	0.19x	0.20x	3.28x	-39.12x	-9.84x	-31.32x
Total Equity+	238.93M	232.35M	222.99M	225.62M	217.86M	403.77M	443.2M	397.69M	406.51M	346.63M
Equity Growth %	0.13%	-0.03%	-0.04%	0.01%	-0.03%	0.85%	0.1%	-0.1%	0.02%	-0.15%
Book Value per Share	5.09	4.95	4.65	4.41	4.16	7.22	5.82	5.26	5.09	4.03
Total Shareholders' Equity	238.93M	232.35M	222.99M	225.62M	217.86M	403.77M	443.2M	396.97M	404.12M	344.7M
Common Stock	46.97K	47.7K	48.04K	51.48K	52.84K	75.38K	77.39K	77.67K	87.53K	87.55K
Retained Earnings	31.06M	24.55M	-3.8M	-9.5M	-16.69M	-27.08M	-4.22M	-16.34M	-16.33M	-66.83M
Treasury Stock	0	0	0	0	-2.48M	0	-2.39M	-9.81M	-507.01K	-4.39M
Accumulated OCI	-4.74M	-20.16M	-6.31M	-19.92M	-22.72M	-8.78M	251.79K	-28.33M	-36.97M	-48.1M
Minority Interest	0	0	0	0	0	0	0	722.48K	2.39M	1.93M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.37M	-49.53M	-3.21M	13.59M	-29.89M	-50.88M	241.69K	31.48M	-101.16M	-17.82M
Operating CF Margin %	-0.03%	-0.38%	-0.03%	0.12%	-0.22%	-0.66%	0%	0.27%	-0.82%	-0.14%
Operating CF Growth %	-2.91%	-6.77%	0.94%	5.23%	-3.2%	-0.7%	1%	129.25%	-4.21%	0.82%
Net Income	14.67M	-6.51M	-28.35M	-5.69M	-7.19M	-10.39M	22.86M	-12.85M	1.67M	-50.95M
Depreciation & Amortization	5.79M	4.86M	4.78M	4.33M	8.2M	8.22M	10.04M	12.43M	11.91M	12.02M
Stock-Based Compensation	22.31M	14.91M	5.19M	285.61K	1.36M	902.67K	1.48M	1.93M	11.06M	7.12M
Deferred Taxes	1.45M	3.65M	-5.45M	4.82M	-1.07M	-5.35M	4.07M	-461.05K	203.24K	-6.14M
Other Non-Cash Items	-20.17M	3.44M	12.31M	14.48M	7.66M	3.49M	-65.57M	-1.4M	434.29K	46.1M
Working Capital Changes	-30.41M	-69.89M	8.31M	-4.62M	-38.85M	-47.76M	27.35M	31.84M	-126.44M	-25.96M
Change in Receivables	-184.65M	-166.47M	-41.99M	-177.44M	-38.85M	25.15M	-3.33M	-21.17M	-108.27M	-39.73M
Change in Inventory	-3.5M	4.95M	-3.31M	-5.24M	-6.46M	9.25M	-7.52M	-9.15M	-21.53M	-11.58M
Change in Payables	164.7M	112.15M	66.78M	137.39M	10.44M	-30.99M	2.18M	62.59M	38.6M	79.04M
Cash from Investing+	-4.31M	966.63K	2.71M	-947.44K	31.25M	51.15M	22.21M	-35.03M	32.28M	25.72M
Capital Expenditures	-827.06K	-6.28M	-1.46M	-1M	-598.2K	-14.9M	-16.79M	-3.82M	-13.25M	-935K
CapEx % of Revenue	0%	0.05%	0.01%	0.01%	0%	0.19%	0.18%	0.03%	0.11%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-283.96K	10.33M	-5M	1.69M	0	23.2M	52.73M	-757.98K	0	0
Cash from Financing+	-2.58M	44.83M	-7.3M	-5.3M	-6.98M	126.45M	747.93K	-4.33M	14.83M	22.51M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.01M	434.67K	0	0	0	29.16M	0	757.98K	0	-1K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-3.96M	-55.81M	-5.09M	12.48M	-30.48M	-69.07M	-18.9M	27.66M	-114.41M	-18.75M
FCF Margin %	-0.02%	-0.43%	-0.05%	0.11%	-0.22%	-0.9%	-0.21%	0.23%	-0.93%	-0.15%
FCF Growth %	0.94%	-13.1%	0.91%	3.45%	-3.44%	-1.27%	0.73%	2.46%	-5.14%	0.84%
FCF per Share	-0.08	-1.19	-0.11	0.24	-0.58	-1.23	-0.25	0.37	-1.43	-0.22
FCF Conversion (FCF/Net Income)	-0.43x	7.61x	0.11x	-2.39x	4.16x	4.90x	0.01x	-2.60x	-14184.05x	0.35x
Interest Paid	2.19M	1.67M	1.63M	1.71M	1.74M	653.51K	35K	345.45K	965.02K	1.74M
Taxes Paid	2.5M	2.6M	1.45M	2.06M	1.99M	1.05M	2.07M	350K	311.5K	859.67K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.51%	-2.76%	-12.45%	-2.54%	-3.24%	-3.34%	5.4%	-2.88%	0%	-13.41%
Return on Invested Capital (ROIC)	-1.21%	-8.3%	-6.44%	-0.42%	0.24%	0.21%	0.34%	-6.26%	-2.6%	-12.76%
Gross Margin	14.13%	13.69%	13.95%	18.01%	18.73%	17.53%	17.76%	16.57%	33.47%	30.78%
Net Margin	7.29%	-5.03%	-27.57%	-5.06%	-5.3%	-13.51%	24.99%	-10.29%	0.01%	-39.58%
Debt / Equity	0.17x	0.34x	0.41x	0.32x	0.30x	0.00x	0.03x	0.06x	0.10x	0.24x
Interest Coverage	-1.78x	-16.93x	-11.44x	-0.88x	0.19x	0.20x	3.28x	-39.12x	-9.84x	-31.32x
FCF Conversion	-0.43x	7.61x	0.11x	-2.39x	4.16x	4.90x	0.01x	-2.60x	-14184.05x	0.35x
Revenue Growth	18.12%	-35.6%	-20.61%	9.37%	20.72%	-43.33%	18.94%	28.78%	4.91%	3.21%

Revenue by Geography

	2017	2018	2019	2021	2022	2023
UNITED STATES	-	-	-	-	-	93.98M
UNITED STATES Growth	-	-	-	-	-	-
CHINA	97.99M	99.7M	111.12M	58.82M	51.94M	29.62M
CHINA Growth	-	1.74%	11.46%	-47.07%	-11.69%	-42.98%
Overseas	4.82M	12.74M	24.62M	-	-	-
Overseas Growth	-	164.48%	93.25%	-	-	-

Frequently Asked Questions

Growth & Financials

Kandi Technologies Group, Inc. (KNDI) reported $104.0M in revenue for fiscal year 2024. This represents a 159% increase from $40.2M in 2011.

Kandi Technologies Group, Inc. (KNDI) grew revenue by 3.2% over the past year. Growth has been modest.

Kandi Technologies Group, Inc. (KNDI) reported a net loss of $51.1M for fiscal year 2024.

Dividend & Returns

Kandi Technologies Group, Inc. (KNDI) has a return on equity (ROE) of -13.4%. Negative ROE indicates the company is unprofitable.

Kandi Technologies Group, Inc. (KNDI) had negative free cash flow of $18.8M in fiscal year 2024, likely due to heavy capital investments.