Kandi Technologies Group, Inc. (KNDI) AI Stock Analysis

Headquartered in Jinhua, China, Kandi Technologies Group, Inc. specializes in the design, development, manufacturing, and global commercialization of electric vehicle (EV) products, parts, and off-road vehicles. Its off-road vehicle lineup includes all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, along with related parts and accessories. Additionally, the company produces EV parts, including battery packs, body components, EV controllers, and air conditioning units for electric vehicle operations and maintenance. Operating since 2002 and rebranding in December 2012, Kandi serves both domestic and international markets with sustainable mobility solutions.

Kandi generated a 5-year revenue CAGR of 2.6% from FY2020 to FY2025. Revenue rose from $91.5M in FY2021 to $117.8M in FY2022, $123.6M in FY2023, and peaked at $127.6M in FY2024 before dropping 31.5% to $87.4M in FY2025. Gross margin expanded to 42.6% in FY2025 from 17.8% in FY2021, but operating margin stayed negative at -47.3%, resulting in a net loss of -$93.9M. In the trailing twelve months ended June 30, 2026, revenue stood at $108.3M with an operating margin of 9.7% and a profit margin of -79.7%. In the latest quarter ended June 30, 2026, quarterly revenue grew 57.4% year-over-year while quarterly earnings expanded 382.4%.

As of June 30, 2026, Kandi held $223.7M in cash and short-term investments against total debt of $43.6M, resulting in net cash of $180.1M. Shareholders' equity was $307.7M, supporting a current ratio of 2.26 and a debt-to-equity ratio of 0.14. In FY2025, operating cash flow was $176.6M, which funded capital expenditures of $470,722 to deliver free cash flow of $176.1M. Over the five-year period, the company's share count increased 26.8%.

With a market cap of $37.9M and an enterprise value of -$15.7M, KNDI trades at a forward P/E of 40.3x, higher than the 14.1x median of its US-listed Consumer Cyclical peers. Its price-to-sales multiple is 0.3x and price-to-book is 0.2x, compared to the peer median price-to-sales of 0.7x. The EV to EBITDA ratio is 22.5x versus the peer median of 11.1x. Over the past year, KNDI shares declined 68.8%, underperforming the S&P 500 return of 16.8%, and the stock is down 91.5% over five years.

Wall Street coverage for Kandi includes a mean price target of $5.00, representing a 32.6% premium over the last close of $3.77 on October 16, 2026. For the next fiscal year, consensus models show an EPS estimate of $0.00 on revenue estimates of $0. The company has demonstrated positive earnings surprises recently, posting EPS beats in 3 of the last 4 quarters.

This page is an AI-written research summary of Kandi Technologies Group, Inc. (KNDI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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