MKDWELL Tech Inc. (MKDW) 10-Year Financial Performance & Capital Metrics

MKDW • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentElectrical & Electronic SystemsVehicle Electronics & Control Units

AboutMKDWELL Tech Inc. is a holding company, which engages in the manufacture and supply of electronic equipment for vehicles through its subsidiaries. The company was founded on July 25, 2023 and is headquartered in Road Town, British Virgin Islands.Show more

Revenue $2M -45.5%
EBITDA -$2M -78.7%
Net Income -$3M -58.4%
EPS (Diluted) -0.15 -62.7%
Gross Margin 8.29% -54.8%
EBITDA Margin -114.12% -228.1%
Operating Margin -141.28% -181.9%
Net Margin -125.96% -190.9%
ROE -
ROIC -51.52% -114.4%
Debt/Equity -
Interest Coverage -7.10 +5.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Weak momentum: RS Rating 18 (bottom 18%)
✗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-

5Y-

3Y-15.15%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-162.17%

5Y Avg-162.17%

3Y Avg-204.09%

Latest-538.19%

Peer Comparison

Vehicle Electronics & Control Units

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GNTXGentex Corporation	5.25B	24.00	13.64	0.61%	15.61%	15.2%	6.73%	0.00
APTVAptiv PLC	17.85B	82.61	11.87	-1.69%	1.46%	3.08%	9.05%	0.98
VCVisteon Corporation	2.66B	97.54	9.93	-2.23%	8.22%	19.78%	10.9%	0.33
ECXECARX Holdings, Inc.	578.06M	1.86	-0.66	18.33%	-4.06%
MKDWMKDWELL Tech Inc.	9.82M	0.17	-1.11	-45.54%	-125.96%
SRIStoneridge, Inc.	169.22M	6.04	-10.07	-6.92%	-3.66%	-12.75%	13.85%	0.85

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.27M	3.15M	3.67M	2M
Revenue Growth %	-	-0.04%	0.16%	-0.46%
Cost of Goods Sold+	2.75M	2.13M	3M	1.83M
COGS % of Revenue	0.84%	0.68%	0.82%	0.92%
Gross Profit+	525.29K	1.02M	673.73K	165.67K
Gross Margin %	0.16%	0.32%	0.18%	0.08%
Gross Profit Growth %	-	0.94%	-0.34%	-0.75%
Operating Expenses+	1.87M	1.92M	2.51M	2.99M
OpEx % of Revenue	0.57%	0.61%	0.68%	1.5%
Selling, General & Admin	985.49K	1.2M	1.73M	2.28M
SG&A % of Revenue	0.3%	0.38%	0.47%	1.14%
Research & Development	889.21K	721.25K	780.05K	705.68K
R&D % of Revenue	0.27%	0.23%	0.21%	0.35%
Other Operating Expenses	0	0	0	0
Operating Income+	-1.35M	-900.31K	-1.84M	-2.82M
Operating Margin %	-0.41%	-0.29%	-0.5%	-1.41%
Operating Income Growth %	-	0.33%	-1.04%	-0.53%
EBITDA+	-748.78K	-372.2K	-1.28M	-2.28M
EBITDA Margin %	-0.23%	-0.12%	-0.35%	-1.14%
EBITDA Growth %	-	0.5%	-2.43%	-0.79%
D&A (Non-Cash Add-back)	600.63K	528.11K	563.04K	542.97K
EBIT	-985.82K	-827.05K	-1.82M	-2.76M
Net Interest Income+	-304.13K	-390.03K	-244.43K	-398.04K
Interest Income	0	0	0	0
Interest Expense	304.13K	390.03K	244.43K	398.04K
Other Income/Expense	59.46K	-316.77K	-228.2K	-332.87K
Pretax Income+	-1.29M	-1.22M	-2.07M	-3.16M
Pretax Margin %	-0.39%	-0.39%	-0.56%	-1.58%
Income Tax+	0	0	0	0
Effective Tax Rate %	1%	1.03%	0.77%	0.8%
Net Income+	-1.29M	-1.26M	-1.59M	-2.52M
Net Margin %	-0.39%	-0.4%	-0.43%	-1.26%
Net Income Growth %	-	0.03%	-0.27%	-0.58%
Net Income (Continuing)	-1.29M	-1.22M	-2.07M	-3.16M
Discontinued Operations	0	0	0	0
Minority Interest	0	781.8K	-261.25K	-964.63K
EPS (Diluted)+	-0.07	-0.07	-0.09	-0.15
EPS Growth %	-	0.03%	-0.27%	-0.63%
EPS (Basic)	-0.07	-0.07	-0.09	-0.15
Diluted Shares Outstanding	17.25M	17.25M	17.25M	17.25M
Basic Shares Outstanding	17.25M	17.25M	17.25M	17.25M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.5M	1.67M	2.74M	3.12M
Cash & Short-Term Investments	493.44K	417.01K	924.43K	542.59K
Cash Only	493.44K	417.01K	924.43K	542.59K
Short-Term Investments	0	0	0	0
Accounts Receivable	847.64K	962.55K	1.38M	2.21M
Days Sales Outstanding	94.55	111.41	137.59	403.91
Inventory	571.32K	231.75K	362.96K	291.03K
Days Inventory Outstanding	75.92	39.63	44.2	57.94
Other Current Assets	0	0	55.08K	51.35K
Total Non-Current Assets+	7.37M	6.47M	6.43M	5.77M
Property, Plant & Equipment	3.79M	3.44M	3.86M	5.15M
Fixed Asset Turnover	0.86x	0.92x	0.95x	0.39x
Goodwill	0	0	0	0
Intangible Assets	313.85K	281.66K	299.8K	523.85K
Long-Term Investments	0	0	0	60.91K
Other Non-Current Assets	3.27M	2.75M	2.27M	34.62K
Total Assets+	9.87M	8.13M	9.17M	8.89M
Asset Turnover	0.33x	0.39x	0.40x	0.22x
Asset Growth %	-	-0.18%	0.13%	-0.03%
Total Current Liabilities+	6.17M	4.03M	6.07M	10.95M
Accounts Payable	329.9K	211.05K	304.67K	409.12K
Days Payables Outstanding	43.84	36.09	37.11	81.45
Short-Term Debt	941.53K	1.64M	3.32M	3.76M
Deferred Revenue (Current)	134.33K	189.19K	304.49K	262.22K
Other Current Liabilities	49.39K	79.07K	69.38K	74.75K
Current Ratio	0.41x	0.41x	0.45x	0.29x
Quick Ratio	0.31x	0.36x	0.39x	0.26x
Cash Conversion Cycle	126.63	114.95	144.69	380.39
Total Non-Current Liabilities+	3.72M	2.57M	2.77M	3.12M
Long-Term Debt	3.14M	2.28M	2.43M	2.81M
Capital Lease Obligations	457.54K	181.66K	259.13K	270.41K
Deferred Tax Liabilities	0	0	0	0
Other Non-Current Liabilities	118.45K	108.76K	78.63K	36.35K
Total Liabilities	9.89M	6.6M	8.84M	14.07M
Total Debt+	4.9M	4.57M	6.38M	8.15M
Net Debt	4.41M	4.16M	5.46M	7.61M
Debt / Equity	-	2.98x	19.07x	-
Debt / EBITDA	-	-	-	-
Net Debt / EBITDA	-	-	-	-
Interest Coverage	-4.44x	-2.31x	-7.53x	-7.10x
Total Equity+	-15.41K	1.53M	334.59K	-5.17M
Equity Growth %	-	100.58%	-0.78%	-16.46%
Book Value per Share	-0.00	0.09	0.02	-0.30
Total Shareholders' Equity	-15.41K	752.48K	595.84K	-4.21M
Common Stock	7.75M	8.84M	1.39K	1.86K
Retained Earnings	-8.37M	-9.62M	-11.21M	-13.73M
Treasury Stock	0	0	0	0
Accumulated OCI	581.16K	610.98K	344.87K	557.09K
Minority Interest	0	781.8K	-261.25K	-964.63K

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-717.26K	-129.86K	-1.32M	-3.11M
Operating CF Margin %	-0.22%	-0.04%	-0.36%	-1.56%
Operating CF Growth %	-	0.82%	-9.19%	-1.35%
Net Income	-1.29M	-1.22M	-2.07M	-3.16M
Depreciation & Amortization	600.63K	528.11K	563.04K	542.97K
Stock-Based Compensation	0	0	0	0
Deferred Taxes	0	0	0	0
Other Non-Cash Items	242.5K	165.13K	-30.34K	126.87K
Working Capital Changes	-270.45K	393.98K	211.98K	-625.44K
Change in Receivables	-66.71K	-36.92K	441.25K	-103.7K
Change in Inventory	-562.6K	3.28K	-289.31K	-45.09K
Change in Payables	-58.32K	0	99.35K	114.8K
Cash from Investing+	-1.01M	-428.13K	-1.3M	-834.94K
Capital Expenditures	-1.01M	-433.55K	-752.87K	-33.95K
CapEx % of Revenue	0.31%	0.14%	0.21%	0.02%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	5.42K	-544.83K	-800.99K
Cash from Financing+	1.48M	605.7K	3.14M	3.58M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	14.7K	605.21K	882K	236.02K
Net Change in Cash	-	-	-	-
Free Cash Flow+	-1.72M	-563.41K	-2.08M	-3.15M
FCF Margin %	-0.53%	-0.18%	-0.57%	-1.57%
FCF Growth %	-	0.67%	-2.69%	-0.52%
FCF per Share	-0.10	-0.03	-0.12	-0.18
FCF Conversion (FCF/Net Income)	0.56x	0.10x	0.83x	1.24x
Interest Paid	0	0	0	269.86K
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-	-165.42%	-170.12%	-
Return on Invested Capital (ROIC)	-	-13.39%	-24.04%	-51.52%
Gross Margin	16.05%	32.32%	18.35%	8.29%
Net Margin	-39.42%	-39.84%	-43.31%	-125.96%
Debt / Equity	-	2.98x	19.07x	-
Interest Coverage	-4.44x	-2.31x	-7.53x	-7.10x
FCF Conversion	0.56x	0.10x	0.83x	1.24x
Revenue Growth	-	-3.63%	16.4%	-45.54%

Frequently Asked Questions

Growth & Financials

MKDWELL Tech Inc. (MKDW) reported $2.0M in revenue for fiscal year 2024. This represents a 39% decrease from $3.3M in 2021.

MKDWELL Tech Inc. (MKDW) saw revenue decline by 45.5% over the past year.

MKDWELL Tech Inc. (MKDW) reported a net loss of $2.5M for fiscal year 2024.

Dividend & Returns

MKDWELL Tech Inc. (MKDW) had negative free cash flow of $3.1M in fiscal year 2024, likely due to heavy capital investments.

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