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Kaixin Auto Holdings (KXIN) 10-Year Financial Performance & Capital Metrics

KXIN • • Industrial / General
Consumer CyclicalAuto DealershipsTraditional Automotive DealershipsUsed Vehicle Specialists
AboutKaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. As of December 31, 2021, the company had 14 used car dealerships covering 14 cities in 12 provinces in China. It also provides financing channels to customers and other in-network dealers through partnerships with financial institutions. Kaixin Auto Holdings is headquartered in Beijing, the People's Republic of China.Show more
  • Revenue $0 -100.0%
  • EBITDA -$15M +17.9%
  • Net Income -$41M +23.5%
  • EPS (Diluted) -45.91 +67.3%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE -102.31% +2.2%
  • ROIC -36.04% -21.3%
  • Debt/Equity 0.08 +83.4%
  • Interest Coverage -55.97 -40.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 99 (top 1%)
  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* 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-
TTM-99.57%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-89.52%

EPS CAGR

10Y-
5Y-
3Y-
TTM60.98%

ROCE

10Y Avg-126.65%
5Y Avg-196.53%
3Y Avg-86.62%
Latest-44.51%

Peer Comparison

Used Vehicle Specialists
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KMXCarMax, Inc.6.88B48.5215.12-0.02%1.67%7.55%2.27%3.11
CRMTAmerica's Car-Mart, Inc.234.33M28.2512.12-0.21%-1.26%-2.6%1.48
KXINKaixin Auto Holdings7.51M10.17-0.22-100%-694.94%-5.94%0.08

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0431.4M334.7M1.21M253.84M82.84M31.54M0
Revenue Growth %---0.22%-1%209.31%-0.67%-0.62%-1%
Cost of Goods Sold+85.81K413.97M340.17M1.21M248.58M82.19M31.19M3.94M
COGS % of Revenue-0.96%1.02%1%0.98%0.99%0.99%-
Gross Profit+-85.81K17.43M-5.48M1M5.26M646K342K-3.94M
Gross Margin %-0.04%-0.02%0.83%0.02%0.01%0.01%-
Gross Profit Growth %-204.17%-1.31%1.18%4.26%-0.88%-0.47%-12.53%
Operating Expenses+85.81K51.51M53.87M276K187.87M48.59M21.33M15.2M
OpEx % of Revenue-0.12%0.16%0.23%0.74%0.59%0.68%-
Selling, General & Admin85.81K47.09M322K276K44.22M48.59M21.33M19.14M
SG&A % of Revenue-0.11%0%0.23%0.17%0.59%0.68%-
Research & Development04.42M3.36M757K0000
R&D % of Revenue-0.01%0.01%0.63%----
Other Operating Expenses0050.19M-757K143.66M00-3.94M
Operating Income+-85.81K-34.08M-136K-276K-182.61M-70.86M-20.98M-19.14M
Operating Margin %--0.08%-0%-0.23%-0.72%-0.86%-0.67%-
Operating Income Growth %--396.12%1%-1.03%-660.64%0.61%0.7%0.09%
EBITDA+337.25K-83.65M32K-271K-181.83M-69.18M-18.5M-15.2M
EBITDA Margin %--0.19%0%-0.22%-0.72%-0.84%-0.59%-
EBITDA Growth %--249.05%1%-9.47%-669.94%0.62%0.73%0.18%
D&A (Non-Cash Add-back)00168K5K787K1.68M2.48M3.94M
EBIT337.25K-83.81M-136K-165K-196.41M-83.51M-53.26M-41.57M
Net Interest Income+0-3.69M-3.99M-1K-245K-1.03M-525K-342K
Interest Income423.06K575K69K00000
Interest Expense423.06K4.26M4.06M1K245K1.03M525K342K
Other Income/Expense423.06K-54M0110K-14.04M-36.61M-32.8M-22.77M
Pretax Income+337.25K-88.08M-70.99M-166K-196.66M-84.55M-53.78M-41.91M
Pretax Margin %--0.2%-0.21%-0.14%-0.77%-1.02%-1.71%-
Income Tax+0862K-1.92M0-729K74K-228K-931K
Effective Tax Rate %1%1.01%0%1%1%1%1%0.98%
Net Income+337.25K-88.62M-110K-166K-196.58M-84.71M-53.56M-40.97M
Net Margin %--0.21%-0%-0.14%-0.77%-1.02%-1.7%-
Net Income Growth %--263.78%1%-0.51%-1183.21%0.57%0.37%0.24%
Net Income (Continuing)337.25K-88.94M-69.07M-166K-195.93M-84.62M-53.55M-40.98M
Discontinued Operations0-594K000000
Minority Interest032.41M7.1M08.42M4.19M3.43M1K
EPS (Diluted)+0.130.09-0.02-2.02-1546.20-380.86-140.44-45.91
EPS Growth %--0.31%-1.25%-88.78%-764.45%0.75%0.63%0.67%
EPS (Basic)0.13-40.40-0.02-2.02-1546.20-380.86-140.44-45.91
Diluted Shares Outstanding2.63M26.32M82.26K82.26K127.13K222.41K381.39K892.49K
Basic Shares Outstanding2.63M2.19M82.26K82.26K127.13K222.32K381.39K892.49K
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+224.5K115.4M51.98M1.75M58.94M42.3M4.2M2.97M
Cash & Short-Term Investments165.41K7.95M3.19M607K5.26M7.1M2.08M2.39M
Cash Only165.41K7.95M3.19M607K5.26M7.1M2.08M2.39M
Short-Term Investments00000000
Accounts Receivable00219K734K19.79M8.85M1.46M0
Days Sales Outstanding--0.24221.9628.4638.9816.84-
Inventory057.95M20.99M0404K31K65K29K
Days Inventory Outstanding-51.0922.52-0.590.140.762.69
Other Current Assets001.08M01.36M28.14M597K557K
Total Non-Current Assets+206.79M75.83M2.4M4.84M15.22M13.38M81.33M21.67M
Property, Plant & Equipment0813K2.4M119K583K477K792K565K
Fixed Asset Turnover-530.63x139.17x10.14x435.40x173.67x39.82x-
Goodwill075.02M000038.2M0
Intangible Assets000293K14.64M12.9M24.44M20.71M
Long-Term Investments00899K4.44M0017.9M393K
Other Non-Current Assets206.79M0-899K4.43M0000
Total Assets+207.01M191.23M54.39M6.59M74.16M55.68M85.53M24.64M
Asset Turnover-2.26x6.15x0.18x3.42x1.49x0.37x-
Asset Growth %--0.08%-0.72%-0.88%10.25%-0.25%0.54%-0.71%
Total Current Liabilities+19.86K167.21M51.05M430K29.38M19.87M15.12M9.05M
Accounts Payable15.57K4.97M4.12M0295K1.64M94K0
Days Payables Outstanding66.234.394.42-0.437.271.1-
Short-Term Debt0016.63M15.26M6.28M9.3M2.6M840K
Deferred Revenue (Current)01000K1000K410K553K-1000K077K
Other Current Liabilities4.29K149.95M21.04M-15.25M19.48M7.63M10.87M2.7M
Current Ratio11.30x0.69x1.02x4.08x2.01x2.13x0.28x0.33x
Quick Ratio11.30x0.34x0.61x4.08x1.99x2.13x0.27x0.33x
Cash Conversion Cycle--18.34-28.6231.8516.5-
Total Non-Current Liabilities+201.99M93.74M810K26K6.7M311K3.5M2.42M
Long-Term Debt00004.02M000
Capital Lease Obligations00810K0431K311K238K90K
Deferred Tax Liabilities0000003.26M2.33M
Other Non-Current Liabilities00002.25M000
Total Liabilities19.86K260.95M51.86M430K36.08M20.18M18.62M11.47M
Total Debt+0500K19.23M15.32M10.81M9.73M2.97M1.07M
Net Debt-165.41K-7.45M16.04M12.16M5.55M2.63M882K-1.32M
Debt / Equity--7.60x2.49x0.28x0.27x0.04x0.08x
Debt / EBITDA--600.78x-----
Net Debt / EBITDA-0.49x-501.09x-----
Interest Coverage-0.20x-8.00x-0.03x-276.00x-745.36x-68.53x-39.97x-55.97x
Total Equity+206.99M-37.31M2.53M6.16M38.08M35.5M66.92M13.17M
Equity Growth %--1.18%1.07%1.44%5.18%-0.07%0.88%-0.8%
Book Value per Share78.64-1.4230.7774.92299.53159.63175.4514.76
Total Shareholders' Equity206.99M-69.72M-4.57M6.16M29.66M31.32M63.48M13.17M
Common Stock201.99M204.25M5K4K8K11K37K297K
Retained Earnings327.75K2.59M-192.19M-1.72M-198.3M-283.01M-336.57M-377.54M
Treasury Stock00000000
Accumulated OCI-201.99M1M1.16M250K645K1.48M898K1.97M
Minority Interest032.41M7.1M08.42M4.19M3.43M1K

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-124.91K-9.75M160K-1.14M-2.1M-2.39M-2.11M-3.02M
Operating CF Margin %--0.02%0%-0.94%-0.01%-0.03%-0.07%-
Operating CF Growth %--77.05%1.02%-8.09%-0.85%-0.14%0.12%-0.43%
Net Income337.25K-88.62M-110K-166K-196.58M-84.71M-53.56M-40.97M
Depreciation & Amortization0161K3K5K5M24.6M25.74M3.94M
Stock-Based Compensation000041.59M39.31M11.97M10.86M
Deferred Taxes00000000
Other Non-Cash Items-422.92K75.02M-370K240K152.8M15.79M12.06M22.79M
Working Capital Changes-39.24K3.69M637K-1.21M-4.92M2.61M1.68M364K
Change in Receivables0-227K000000
Change in Inventory030.15M44K0-404K373K-35K35K
Change in Payables15.57K-2.43M00000-93K
Cash from Investing+-206.36M109.86M0-290K4.27M-156K-3.13M-26K
Capital Expenditures0-764K000-59K-396K-18K
CapEx % of Revenue-0%---0%0.01%-
Acquisitions--------
Investments--------
Other Investing0109.7M0-290K-32K-97K-2.74M0
Cash from Financing+206.65M-149.51M-318K2.13M2M5.41M1.01M4.51M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing206.62M-113.65M-723K8.1M03.41M1.06M0
Net Change in Cash--------
Free Cash Flow+-124.9K-10.51M160K-1.14M-2.1M-2.45M-2.5M-3.04M
FCF Margin %--0.02%0%-0.94%-0.01%-0.03%-0.08%-
FCF Growth %--83.17%1.02%-8.09%-0.85%-0.17%-0.02%-0.21%
FCF per Share-0.05-0.401.95-13.80-16.54-11.03-6.57-3.40
FCF Conversion (FCF/Net Income)-0.37x0.11x-1.45x6.84x0.01x0.03x0.04x0.07x
Interest Paid00000000
Taxes Paid00254K0026K00

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)0.16%-104.46%-4.35%-3.82%-888.65%-230.24%-104.59%-102.31%
Return on Invested Capital (ROIC)--31.54%-0.55%-1.05%-424.62%-129.99%-29.71%-36.04%
Gross Margin-4.04%-1.64%82.85%2.07%0.78%1.08%-
Net Margin--20.54%-0.03%-13.75%-77.44%-102.25%-169.85%-
Debt / Equity--7.60x2.49x0.28x0.27x0.04x0.08x
Interest Coverage-0.20x-8.00x-0.03x-276.00x-745.36x-68.53x-39.97x-55.97x
FCF Conversion-0.37x0.11x-1.45x6.84x0.01x0.03x0.04x0.07x
Revenue Growth---22.42%-99.64%20930.65%-67.37%-61.93%-100%

Revenue by Segment

20192020202120222023
New-car wholesales--2.79M2.81M30.05M
New-car wholesales Growth---0.72%970.85%
Used-car sales--251.05M80.03M1.42M
Used-car sales Growth----68.12%-98.23%
Technology Service----67K
Technology Service Growth-----
Product332.63M33M---
Product Growth--90.08%---
Product And Service Other2.06M164K---
Product And Service Other Growth--92.05%---

Frequently Asked Questions

Growth & Financials

Kaixin Auto Holdings (KXIN) reported $0.1M in revenue for fiscal year 2024.

Kaixin Auto Holdings (KXIN) saw revenue decline by 100.0% over the past year.

Kaixin Auto Holdings (KXIN) reported a net loss of $66.0M for fiscal year 2024.

Dividend & Returns

Kaixin Auto Holdings (KXIN) has a return on equity (ROE) of -102.3%. Negative ROE indicates the company is unprofitable.

Kaixin Auto Holdings (KXIN) had negative free cash flow of $3.1M in fiscal year 2024, likely due to heavy capital investments.

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