Symbols / KNDI $0.84 +1.19% Kandi Technologies Group, Inc.

Consumer Cyclical • Recreational Vehicles • China • NMS
KNDI Chart
About

Kandi Technologies Group, Inc., together with its subsidiaries, produces and sells electric off-road vehicles and associated parts in the People's Republic of China, the United States, and internationally. The company offers all-terrain vehicles, utility vehicles, go-karts, golf carts, electric scooters, and electric self-balancing scooters for leisure and entertainment, agricultural operations, and site transportation applications. It also provides electric vehicles (EV) products and parts; lithium-ion cells; and battery packs and smart battery swap systems. 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.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Recreational Vehicles Market Cap 72.14M
Enterprise Value -75.68M Income -51.09M Sales 104.04M
Book/sh 4.17 Cash/sh 2.19 Dividend Yield —
Payout 0.00% Employees 739 IPO —
P/E — Forward P/E 5.59 PEG —
P/S 0.69 P/B 0.20 P/C —
EV/EBITDA 2.49 EV/Sales -0.73 Quick Ratio 2.35
Current Ratio 3.75 Debt/Eq 10.63 LT Debt/Eq —
EPS (ttm) -0.60 EPS next Y 0.15 EPS Growth -48.40%
Revenue Growth -53.70% Earnings 2026-04-13 ROA -5.63%
ROE -13.72% ROIC — Gross Margin 35.27%
Oper. Margin -5.32% Profit Margin -49.10% Shs Outstand 82.04M
Shs Float 70.23M Short Float 2.37% Short Ratio 18.87
Short Interest — 52W High 1.77 52W Low 0.78
Beta 0.64 Avg Volume 294.71K Volume 48.13K
Target Price — Recom None Prev Close $0.83
Price $0.84 Change 1.19%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$0.83
Latest analyst target
3. DCF / Fair value
—
Simplified FCF or EPS-based estimate
Ratings
Current target
$0.83
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2021-12-02 init Noble Capital Markets — → Outperform $5
News
RSS: Latest KNDI news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
127.57
+3.21%
123.60
+4.91%
117.81
+28.78%
91.49
Operating Revenue
127.57
+3.21%
123.60
+4.91%
117.81
+28.78%
91.49
Cost Of Revenue
88.30
+7.38%
82.23
-16.34%
98.30
+30.64%
75.24
Reconciled Cost Of Revenue
88.30
+7.38%
82.23
-16.34%
98.30
+30.64%
75.24
Gross Profit
39.27
-5.08%
41.37
+111.96%
19.52
+20.12%
16.25
Operating Expense
82.30
+61.48%
50.97
+20.72%
42.22
-32.00%
62.08
Research And Development
5.00
+17.13%
4.27
-29.26%
6.03
-84.53%
38.97
Selling General And Administration
78.92
+62.00%
48.72
+28.79%
37.83
+55.40%
24.34
Selling And Marketing Expense
21.24
+59.25%
13.34
+142.41%
5.50
+16.16%
4.74
General And Administrative Expense
57.68
+63.03%
35.38
+9.45%
32.33
+64.88%
19.61
Other Gand A
57.68
+63.03%
35.38
+9.45%
32.33
+64.88%
19.61
Other Operating Expenses
-1.62
+19.67%
-2.02
-23.07%
-1.64
-32.93%
-1.23
Total Expenses
170.60
+28.08%
133.19
-5.21%
140.51
+2.33%
137.32
Operating Income
-43.03
-348.42%
-9.60
+57.73%
-22.70
+50.47%
-45.83
Total Operating Income As Reported
-68.78
-426.98%
-13.05
+52.85%
-27.68
-2171.50%
1.34
EBITDA
-41.86
-350.47%
16.71
+8330.37%
-0.20
-100.51%
39.66
Normalized EBITDA
-20.42
-224.90%
16.35
+1642.65%
-1.06
+96.39%
-29.37
Reconciled Depreciation
12.02
+0.90%
11.91
-4.14%
12.43
+23.80%
10.04
EBIT
-53.88
-1222.58%
4.80
+138.00%
-12.63
-142.65%
29.62
Total Unusual Items
-21.44
-5999.99%
0.36
-57.58%
0.86
-98.76%
69.02
Total Unusual Items Excluding Goodwill
-21.44
-5999.99%
0.36
-57.58%
0.86
-98.76%
69.02
Special Income Charges
-21.44
-5999.99%
0.36
-57.58%
0.86
-98.76%
69.02
Impairment Of Capital Assets
24.14
+1576.56%
1.44
-56.90%
3.34
0.00
Restructuring And Mergern Acquisition
-2.69
-49.36%
-1.80
+57.04%
-4.20
-48.09%
-2.83
Net Income
-50.50
-708115.47%
0.01
+100.06%
-12.12
-153.03%
22.86
Pretax Income
-56.08
-1714.89%
3.47
+126.03%
-13.34
-145.66%
29.21
Net Non Operating Interest Income Expense
7.85
-9.32%
8.66
+51.35%
5.72
+50.48%
3.80
Interest Expense Non Operating
2.20
+65.41%
1.33
+87.61%
0.71
+73.57%
0.41
Net Interest Income
7.85
-9.32%
8.66
+51.35%
5.72
+50.48%
3.80
Interest Expense
2.20
+65.41%
1.33
+87.61%
0.71
+73.57%
0.41
Interest Income Non Operating
10.05
+0.62%
9.98
+55.34%
6.43
+52.72%
4.21
Interest Income
10.05
+0.62%
9.98
+55.34%
6.43
+52.72%
4.21
Other Income Expense
-20.90
-573.97%
4.41
+21.12%
3.64
-94.89%
71.24
Other Non Operating Income Expenses
0.54
-86.71%
4.05
+45.34%
2.78
-42.11%
4.81
Gain On Sale Of Business
—
—
0.00
-100.00%
17.79
Tax Provision
-5.13
-384.51%
1.80
+469.82%
-0.49
-107.68%
6.35
Tax Rate For Calcs
0.00
-63.40%
0.00
+584.93%
0.00
-83.20%
0.00
Tax Effect Of Unusual Items
-1.96
-2259.40%
0.09
+190.52%
0.03
-99.79%
15.00
Net Income Including Noncontrolling Interests
-50.95
-3151.34%
1.67
+112.99%
-12.85
-156.21%
22.86
Net Income From Continuing Operation Net Minority Interest
-50.50
-708115.47%
0.01
+100.06%
-12.12
-153.03%
22.86
Net Income From Continuing And Discontinued Operation
-50.50
-708115.47%
0.01
+100.06%
-12.12
-153.03%
22.86
Net Income Continuous Operations
-50.95
-3151.34%
1.67
+112.99%
-12.85
-156.21%
22.86
Minority Interests
0.45
+127.35%
-1.66
-328.58%
0.73
0.00
Normalized Income
-31.02
-11584.57%
-0.27
+97.95%
-12.95
+58.44%
-31.16
Net Income Common Stockholders
-50.50
-708115.47%
0.01
+100.06%
-12.12
-153.03%
22.86
Diluted EPS
-0.59
0.00
+100.00%
-0.17
-156.67%
0.30
Basic EPS
-0.59
0.00
+100.00%
-0.17
-156.67%
0.30
Basic Average Shares
86.32
+9.57%
78.78
+4.25%
75.57
-0.76%
76.15
Diluted Average Shares
86.32
+8.03%
79.90
+5.73%
75.57
-0.76%
76.15
Diluted NI Availto Com Stockholders
-50.50
-708115.47%
0.01
+100.06%
-12.12
-153.03%
22.86
Earnings From Equity Interest
—
—
0.00
+100.00%
-2.59
Gain On Sale Of PPE
—
—
0.00
-100.00%
48.40
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
473.90
-4.35%
495.46
+2.58%
482.98
-7.15%
520.16
Current Assets
354.65
+3.23%
343.55
+4.32%
329.32
-3.88%
342.61
Cash Cash Equivalents And Short Term Investments
42.79
-36.80%
67.70
-59.03%
165.25
-10.32%
184.27
Cash And Cash Equivalents
37.31
+10.52%
33.76
-59.84%
84.06
-34.95%
129.22
Other Short Term Investments
5.48
-83.85%
33.95
-58.19%
81.19
+47.51%
55.04
Receivables
171.53
+14.43%
149.90
+196.85%
50.50
-18.71%
62.12
Accounts Receivable
26.46
+39.63%
18.95
-50.32%
38.15
-27.88%
52.90
Gross Accounts Receivable
30.14
+38.03%
21.84
-45.99%
40.44
-27.73%
55.95
Allowance For Doubtful Accounts Receivable
-3.68
-27.53%
-2.89
-26.29%
-2.29
+25.15%
-3.05
Other Receivables
144.72
+2134.55%
6.48
-45.63%
11.91
+33.83%
8.90
Inventory
51.27
-16.71%
61.55
+52.07%
40.48
+22.02%
33.17
Raw Materials
3.28
-47.46%
6.25
-4.62%
6.55
-29.49%
9.29
Work In Process
2.38
-41.38%
4.06
-1.30%
4.11
-54.87%
9.12
Finished Goods
45.60
-11.00%
51.24
+71.90%
29.81
+101.90%
14.76
Prepaid Assets
5.53
+22.39%
4.52
-26.15%
6.12
-74.07%
23.60
Restricted Cash
83.53
+39.51%
59.87
-10.61%
66.98
+69.76%
39.45
Total Non Current Assets
119.25
-21.50%
151.91
-1.14%
153.66
-13.46%
177.55
Net PPE
70.02
-33.12%
104.69
+0.91%
103.75
-12.05%
117.97
Gross PPE
144.58
-8.23%
157.56
+6.46%
147.99
-4.70%
155.28
Accumulated Depreciation
-74.56
-41.04%
-52.86
-19.49%
-44.24
-18.55%
-37.32
Properties
0.00
0.00
0.00
0.00
Land And Improvements
—
—
—
0.00
Buildings And Improvements
60.99
-1.58%
61.96
+25.84%
49.24
-6.18%
52.48
Machinery Furniture Equipment
74.61
-2.72%
76.69
-5.54%
81.18
-3.99%
84.56
Construction In Progress
—
0.00
-100.00%
0.20
+151.95%
0.08
Other Properties
8.99
-52.45%
18.90
+8.83%
17.37
-4.37%
18.16
Goodwill And Other Intangible Assets
41.20
-10.50%
46.04
-4.09%
48.00
-15.60%
56.87
Goodwill
31.18
-5.93%
33.15
-0.10%
33.18
-7.91%
36.03
Other Intangible Assets
10.02
-22.25%
12.89
-13.04%
14.82
-28.88%
20.84
Investments And Advances
1.41
0.00
-100.00%
0.14
-7.81%
0.16
Long Term Equity Investment
—
—
—
0.00
Other Investments
—
0.00
-100.00%
0.14
-7.81%
0.16
Non Current Deferred Assets
6.50
+697.54%
0.81
-43.13%
1.43
-35.45%
2.22
Non Current Deferred Taxes Assets
6.50
+697.54%
0.81
-43.13%
1.43
-35.45%
2.22
Other Non Current Assets
0.11
-69.14%
0.37
+10.66%
0.33
-3.59%
0.34
Total Liabilities Net Minority Interest
127.27
+43.08%
88.95
+4.29%
85.29
+10.82%
76.96
Current Liabilities
120.39
+57.02%
76.67
-5.93%
81.51
+27.03%
64.16
Payables And Accrued Expenses
35.45
-7.02%
38.13
-24.83%
50.72
+5.73%
47.98
Payables
35.45
-7.02%
38.13
-24.83%
50.72
+5.73%
47.98
Accounts Payable
25.48
-11.37%
28.74
-18.62%
35.32
-3.70%
36.68
Other Payable
8.54
+17.80%
7.25
-48.68%
14.13
+46.03%
9.68
Total Tax Payable
1.43
-32.84%
2.13
+67.64%
1.27
-21.61%
1.62
Income Tax Payable
1.43
-32.84%
2.13
+67.64%
1.27
-21.61%
1.62
Current Debt And Capital Lease Obligation
79.15
+138.81%
33.14
+34.23%
24.69
+169.92%
9.15
Current Debt
79.15
+138.81%
33.14
+34.23%
24.69
+169.92%
9.15
Other Current Borrowings
37.53
+313.66%
9.07
+62.90%
5.57
+486.23%
0.95
Current Deferred Liabilities
—
—
—
0.00
Current Deferred Revenue
—
—
—
0.00
Other Current Liabilities
5.79
+7.27%
5.40
-11.29%
6.09
-13.48%
7.04
Total Non Current Liabilities Net Minority Interest
6.87
-44.00%
12.27
+224.38%
3.78
-70.44%
12.80
Long Term Debt And Capital Lease Obligation
5.71
-31.98%
8.39
—
2.21
Long Term Debt
5.71
-31.98%
8.39
—
2.21
Non Current Deferred Liabilities
0.52
-45.53%
0.96
-30.08%
1.38
-43.97%
2.46
Non Current Deferred Taxes Liabilities
0.52
-45.53%
0.96
-30.08%
1.38
-43.97%
2.46
Other Non Current Liabilities
0.64
-78.05%
2.92
+21.41%
2.41
-70.40%
8.13
Stockholders Equity
344.70
-14.70%
404.12
+1.80%
396.97
-10.43%
443.20
Common Stock Equity
344.70
-14.70%
404.12
+1.80%
396.97
-10.43%
443.20
Capital Stock
0.09
+0.02%
0.09
+12.70%
0.08
+0.37%
0.08
Common Stock
0.09
+0.02%
0.09
+12.70%
0.08
+0.37%
0.08
Share Issued
87.55
+0.02%
87.53
+12.70%
77.67
+0.37%
77.39
Ordinary Shares Number
85.48
-2.14%
87.35
+17.75%
74.18
-3.29%
76.71
Treasury Shares Number
2.08
+1025.42%
0.18
-94.71%
3.49
+413.21%
0.68
Additional Paid In Capital
463.92
+1.33%
457.85
+1.43%
451.37
+0.42%
449.48
Retained Earnings
-66.83
-309.17%
-16.33
+0.04%
-16.34
-287.56%
-4.22
Gains Losses Not Affecting Retained Earnings
-48.10
-30.10%
-36.97
-30.48%
-28.33
-11352.90%
0.25
Treasury Stock
4.39
+765.04%
0.51
-94.83%
9.81
+309.99%
2.39
Minority Interest
1.93
-19.06%
2.39
+230.13%
0.72
0.00
Other Equity Adjustments
-48.10
-30.10%
-36.97
-30.48%
-28.33
-11352.90%
0.25
Total Equity Gross Minority Interest
346.63
-14.73%
406.51
+2.22%
397.69
-10.27%
443.20
Total Capitalization
350.41
-15.06%
412.51
+3.92%
396.97
-10.88%
445.41
Working Capital
234.25
-12.22%
266.87
+7.69%
247.82
-11.00%
278.45
Invested Capital
429.56
-3.61%
445.66
+5.69%
421.66
-7.24%
454.56
Total Debt
84.86
+104.31%
41.53
+68.20%
24.69
+117.39%
11.36
Net Debt
47.55
+511.47%
7.78
—
—
Net Tangible Assets
303.50
-15.25%
358.09
+2.61%
348.97
-9.67%
386.33
Tangible Book Value
303.50
-15.25%
358.09
+2.61%
348.97
-9.67%
386.33
Current Notes Payable
41.62
+72.90%
24.07
+25.87%
19.12
+133.26%
8.20
Duefrom Related Parties Current
—
—
—
0.00
Dueto Related Parties Current
—
—
—
0.00
Investmentsin Associatesat Cost
—
—
—
0.00
Notes Receivable
0.35
-99.72%
124.47
+28550.01%
0.43
+34.45%
0.32
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-17.82
+82.38%
-101.16
-421.36%
31.48
+12924.55%
0.24
Cash Flow From Continuing Operating Activities
-17.82
+82.38%
-101.16
-421.36%
31.48
+12924.55%
0.24
Net Income From Continuing Operations
-50.95
-3151.34%
1.67
+112.99%
-12.85
-156.21%
22.86
Depreciation Amortization Depletion
12.02
+0.90%
11.91
-4.14%
12.43
+23.80%
10.04
Depreciation And Amortization
12.02
+0.90%
11.91
-4.14%
12.43
+23.80%
10.04
Other Non Cash Items
-2.69
-49.36%
-1.80
+57.04%
-4.20
-48.09%
-2.83
Stock Based Compensation
7.11
-35.67%
11.06
+474.12%
1.93
+29.76%
1.48
Provisionand Write Offof Assets
0.88
+34.71%
0.66
+220.92%
-0.54
-162.94%
0.86
Asset Impairment Charge
45.50
+3060.61%
1.44
-56.90%
3.34
0.00
Deferred Tax
-6.14
-3121.29%
0.20
+144.08%
-0.46
-111.32%
4.07
Deferred Income Tax
-6.14
-3121.29%
0.20
+144.08%
-0.46
-111.32%
4.07
Operating Gains Losses
2.41
+1602.47%
0.14
—
-63.60
Gain Loss On Investment Securities
-0.42
-396.43%
0.14
—
—
Gain Loss On Sale Of PPE
—
—
0.00
+100.00%
-48.40
Change In Working Capital
-25.96
+79.47%
-126.44
-497.16%
31.84
+16.40%
27.35
Change In Receivables
-39.73
+63.30%
-108.27
-411.39%
-21.17
-535.02%
-3.33
Changes In Account Receivables
-29.77
-381.91%
10.56
+150.37%
-20.97
-724.53%
-2.54
Change In Inventory
-11.58
+46.21%
-21.53
-135.44%
-9.15
-21.57%
-7.52
Change In Prepaid Assets
-1.10
-173.41%
1.49
-90.83%
16.28
-41.43%
27.79
Change In Payables And Accrued Expense
81.78
+137.08%
34.49
-51.01%
70.41
+448.17%
12.84
Change In Payable
81.78
+137.08%
34.49
-51.01%
70.41
+448.17%
12.84
Change In Account Payable
79.04
+104.75%
38.60
-38.33%
62.59
+2775.65%
2.18
Change In Other Current Liabilities
-55.33
-69.58%
-32.63
-33.00%
-24.53
-912.30%
-2.42
Investing Cash Flow
25.72
-20.31%
32.28
+192.14%
-35.03
-257.73%
22.21
Cash Flow From Continuing Investing Activities
25.72
-20.31%
32.28
+192.14%
-35.03
-257.73%
22.21
Net PPE Purchase And Sale
-0.93
+92.94%
-13.25
-246.79%
-3.82
-158.59%
6.52
Purchase Of PPE
-0.93
+92.94%
-13.25
-246.79%
-3.82
+77.24%
-16.79
Sale Of PPE
—
—
0.00
-100.00%
23.31
Capital Expenditure
-0.93
+92.94%
-13.25
-246.79%
-3.82
+80.04%
-19.14
Net Investment Purchase And Sale
26.82
-40.73%
45.24
+244.96%
-31.21
+42.60%
-54.37
Purchase Of Investment
-1.02
0.00
+100.00%
-31.21
+42.60%
-54.37
Sale Of Investment
27.83
-38.49%
45.24
—
—
Net Business Purchase And Sale
-0.16
-155.72%
0.28
0.00
-100.00%
40.64
Purchase Of Business
-0.16
—
0.00
+100.00%
-7.12
Gain Loss On Sale Of Business
2.83
0.00
0.00
+100.00%
-17.79
Net Intangibles Purchase And Sale
—
—
0.00
+100.00%
-2.36
Purchase Of Intangibles
—
—
0.00
+100.00%
-2.36
Net Other Investing Changes
—
—
—
31.78
Financing Cash Flow
22.51
+51.80%
14.83
+442.22%
-4.33
-679.34%
0.75
Cash Flow From Continuing Financing Activities
22.51
+51.80%
14.83
+442.22%
-4.33
-679.34%
0.75
Net Issuance Payments Of Debt
26.43
+122.29%
11.89
+393.63%
2.41
-23.79%
3.16
Issuance Of Debt
66.20
+109.20%
31.65
+2.86%
30.77
+873.42%
3.16
Repayment Of Debt
-39.77
-101.32%
-19.76
+30.33%
-28.36
0.00
Long Term Debt Issuance
0.00
-100.00%
8.22
0.00
-100.00%
2.21
Long Term Debt Payments
-2.28
-4819.83%
-0.05
0.00
0.00
Net Long Term Debt Issuance
-2.28
-127.93%
8.18
0.00
-100.00%
2.21
Short Term Debt Issuance
66.20
+182.67%
23.42
-23.87%
30.77
+3138.50%
0.95
Short Term Debt Payments
-37.49
-90.21%
-19.71
+30.50%
-28.36
0.00
Net Short Term Debt Issuance
28.71
+673.77%
3.71
+54.07%
2.41
+153.53%
0.95
Net Common Stock Issuance
-3.92
-667.58%
-0.51
+93.19%
-7.50
-210.85%
-2.41
Common Stock Payments
-3.92
-667.58%
-0.51
+93.19%
-7.50
-210.85%
-2.41
Repurchase Of Capital Stock
-3.92
-667.58%
-0.51
+93.19%
-7.50
-210.85%
-2.41
Proceeds From Stock Option Exercised
0.00
-100.00%
3.45
0.00
0.00
Net Other Financing Charges
—
—
0.76
—
Changes In Cash
30.41
+156.26%
-54.05
-585.49%
-7.89
-133.99%
23.20
Effect Of Exchange Rate Changes
-3.20
+4.57%
-3.36
+65.57%
-9.75
-429.87%
2.96
Beginning Cash Position
93.63
-38.01%
151.04
-10.46%
168.68
+18.35%
142.52
End Cash Position
120.84
+29.06%
93.63
-38.01%
151.04
-10.46%
168.68
Free Cash Flow
-18.76
+83.61%
-114.41
-513.64%
27.66
+246.34%
-18.90
Interest Paid Supplemental Data
1.74
+80.07%
0.97
+179.35%
0.35
+886.97%
0.04
Income Tax Paid Supplemental Data
0.86
+175.97%
0.31
-11.00%
0.35
-83.13%
2.07
Change In Income Tax Payable
-0.58
-160.30%
0.95
+3890.10%
-0.03
-116.31%
0.15
Change In Tax Payable
-0.58
-160.30%
0.95
+3890.10%
-0.03
-116.31%
0.15
Common Stock Issuance
—
—
—
0.00
Earnings Losses From Equity Investments
—
—
0.00
+100.00%
-15.20
Issuance Of Capital Stock
—
—
—
0.00
Sale Of Business
—
0.28
0.00
-100.00%
47.75
SEC Filings

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