Kandi Technologies Group Inc. Ordinary Shares (KNDI)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with price and earning power. On 2026-10-13, Mr. Market quoted Kandi at $0.54, a $63.2M market cap. FairStock's calculations show a P/B of 0.17 and a negative P/E of -0.48. That low P/B catches the eye, but Graham taught me to ask whether the assets are real and earning power is intact. The latest filed quarter—fiscal Q4 2024—shows revenue of $37.8M but a net loss of $48.7M, a -128.84% margin. That is not a small stumble; costs and write-offs overwhelmed sales. ROE is -30.99% and ROCE is -5.92%, so the business is destroying capital. The debt-to-equity ratio of 0.12 is a modest positive, and beta of 0.60 suggests the shares have not been highly volatile, but Piotroski F-Score 2/9 and Altman Z-Score 0.07 point to financial fragility. The Lynch category is none, because there are only 0 years of filed results and three are needed; revenue and profit growth are N/A. That lack of history makes it hard to judge management or a durable moat. I see no evidence of pricing power in electric off-road vehicles and parts, a competitive space. The stock sits near the bottom of its 52-week range of $0.48-$1.29, and FairStock Score is 46/100. A low price-to-book can be a bargain or a warning that book value will shrink. Here, with heavy losses and a very weak Altman score, I would call it speculative rather than a safe value investment. I would need consistent profits and stronger filings before trusting the apparent cheapness.

In plain English: Kandi Technologies makes electric off-road vehicles such as all-terrain vehicles, utility vehicles, go-karts, golf carts and scooters, mainly for fun, farms and worksites, with sales in China and several overseas markets. The business looks weak right now: in its latest reported quarter it lost far more than it sold, and its financial health scores are poor. The stock price is very low compared with its book value, so it may look cheap, but the losses and limited filing history make it a risky, uncertain situation rather than a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer