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Kandi Technologies Group Inc (KNDI) fair value: what the stock is really worth

As of Oct 20, 2026: fair value (intrinsic value) of Kandi Technologies Group Inc stock $3.00, price $3.67, upside -18.4%, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

Fair value above price? No
Good quality? Yes
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Consumer Cyclical · US · Based in China · ISIN VGG5214E1034

Thin data Oct 20, 2026

Kandi Technologies Group Inc

KNDI · US

Overvalued / MonitorQuality is not strong enough to offset the price risk.

Our calculation puts a fair price 18% below what the stock costs today.

Quality 63/100

Low debt

Generates free cash flow

Ranks above peers (7/11)

Fair value $3.00 · Overvalued (−18.4%)

Weak Growth (revenue 3y −9.5 %/yr in USD)

Loss-making · -79.7% net margin (TTM) · excl. goodwill write-downs -70.7%

Narrow moat 16/100 · thin data

Thin data

26 models, one by oneBear $2.67 to bull $3.31 Growth analysisrevenue history, year by year Quality 63/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 20, 2026.

How to read this chart

60‑month range $3.54 – $57.90 · fair‑value band $2.67 – $3.31 · the $3.67 price screens above the $3.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 20, 2026.

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Company profile

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.

Show moreShow less

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, China.

Stock analysis

Kandi Technologies Group Inc (KNDI) currently trades at $3.67, while our model-based Fair Value estimate is $3.00, 18.4% below the price, so the stock looks overvalued today.

Valuation

Bull case: the Growth DCF group reads highest at a median of $6.06 per share, and 2 of the 6 models we run sit above the $3.67 price.

Bear case: the Asset-Based group reads lowest at $0.3446, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: $2.67 (bear) to $3.31 (bull), the price of $3.67 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Kandi Technologies Group Inc reported revenue of $87.4M in FY2025 versus $91.5M in FY2021, a compound −1.1%/yr. Reported net income was −$93.9M in FY2025.

Key figures

Market cap $35.6M Micro · P/S ratio 0.33 · EPS (TTM) $−9.79 · Net margin −79.7% · Return on equity −26.5% · Return on assets (EBIT) −6.6% · Operating margin 9.7% · Revenue (TTM) $108M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).

What moves the price

The share trades about 71% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 69% fair-value upside, at −18%, KNDI screens richer than that median.

Fair Value models

Bear $2.67 Fair Value $3.00 Bull $3.31

Price $3.67 · Upside -18.4%

Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.

Best data coverage

FCF DCF $4.26 $6.02 $8.60 81

Growth DCF $4.40 $6.06 $8.41 79

5Y Revenue Exit $1.82 $2.00 $2.17 74

All 6 models by family

DCF Models

FCF DCF $4.26 $6.02 $8.60 81

5Y Revenue Exit $1.82 $2.00 $2.17 74

10Y Revenue Exit $2.67 $3.00 $3.31 68

Multiples

EV/Revenue $0.4072 $0.4703 $0.5337 54

Asset-Based

NCAV (Graham) $0.2274 $0.3446 $0.4308 54

Growth DCF

Growth DCF $4.40 $6.06 $8.41 79

Open the full fair value analysis →

Quality Score breakdown

Overall quality 63/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 5

How much profit the company makes from its sales and capital

Quality Growth 25

Are margins and returns getting better?

Cashflow 100

Do the profits arrive as real cash?

Financial strength 73

Debt, balance sheet and risk of trouble

Investment 100

Does it invest with discipline instead of growing at any price?

Low Volatility 49

How calm the share price moves, does not count

Momentum 0

Price trend of the last 3 to 12 months, does not count

Near the 52-week high 1

Distance to the 52-week high, does not count

New shares 100

Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 34/100

Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Revenue growth 1 year

−31.5%

Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

−9.5%

Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

+2.6%

Start year 2020 (pandemic). Over 10 years: −8.0% a year

Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

+5.3%

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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.

0.7% (2019) → −47.3% (2025)

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss

not computed

KNDI screens overvalued: fair value 18% below the price. Compare with Zhejiang Cfmoto Power Co →

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Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Recreational Vehicles · 38 stocks

Beats the industry median on 7/10 measures

Overall it ranks above its industry peers.

Valuation

Quality Score 63 · Top 25%

Fair Value upside −18.4% · Below median

Profitability

Return on assets −23.5% · Bottom 25%

Net margin (12 months) −79.7% · Bottom 25%

Operating margin (12 months) 9.7% · Top 25%

Growth and dividend

Revenue growth (quarter YoY) 57.4% · Top 25%

Balance sheet

Debt / equity 0.02× · Lowest 25%

Valuation Multiplesvs Recreational Vehicles median · lower = cheaper

P/B 0.13× · Cheapest 25%

P/S (12 months) 0.33× · Cheapest 25%

Price / free cash flow 0.2× · Cheapest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)9 · sector 37

FUTURE (revenue growth)100 · sector 7

PAST (return on equity)0 · sector 6

HEALTH (low debt)99 · sector 89

DIVIDEND (yield)0 · sector 61

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Recreational Vehicles stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value	Compare
Polaris Inc PII	$51.98	$129.03	+148%	vs KNDI
Harley-Davidson, Inc HOG	$26.73	$65.24	+144%	vs KNDI
Trigano S.A TRI	€128.40	€276.04	+115%	vs KNDI
LCI Industries, LCII	$83.89	$167.42	+100%	vs KNDI
Zhejiang Cfmoto Power Co 603129	¥275.64	¥465.45	+69%	vs KNDI
Patrick Industries, Inc PATK	$66.39	$88.30	+33%	vs KNDI
BRP Inc DOO	$52.40	$62.06	+18%	vs KNDI
Sanlorenzo S.p.A SL	€35.28	€36.35	+3%	vs KNDI
THOR Industries, Inc THO	$65.86	$64.20	−3%	vs KNDI
Brunswick Corporation BC	$62.14	$59.96	−4%	vs KNDI

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Kandi Technologies Group Inc · Fair Value
$3.00 −18%Fair Value
Calculator →

<a href="https://www.fairvalue-calculator.com/stock/KNDI" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Kandi Technologies Group Inc · Fair Value</span><br><b style="font-size:20px">$3.00</b> <span style="color:var(--red);font-weight:700;font-size:14px">−18%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Kandi Technologies Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/KNDI

Frequently asked questions

Is Kandi Technologies Group Inc (KNDI) overvalued or undervalued?

As of Oct 20, 2026, our model estimates a fair value of $3.00 versus a price of $3.67, about −18% upside (overvalued).

What is the fair value of KNDI?

Our model-based fair value for Kandi Technologies Group Inc is $3.00 (as of Oct 20, 2026), built from audited fundamentals. The current price: $3.67.

What is the quality score of KNDI?

Kandi Technologies Group Inc has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.

What is the price target for Kandi Technologies Group Inc (KNDI)?

Our model-based price target is the fair value of $3.00 (as of Oct 20, 2026) from 6 valuation models. Cautious scenario $2.67, optimistic scenario $3.31. It is a calculation from audited fundamentals, not an analyst target.

What is the Kandi Technologies Group Inc stock forecast for 2026?

Our models put fair value at $3.00, about −18% upside versus a price of $3.67 (overvalued). Cautious scenario $2.67, optimistic scenario $3.31. The calculation is refreshed regularly with new filings.

What is the revenue of Kandi Technologies Group Inc (KNDI)?

Kandi Technologies Group Inc reported trailing-twelve-month revenue of about $108M (latest available figure, as of Oct 20, 2026).

What is the intrinsic value of Kandi Technologies Group Inc (KNDI)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kandi Technologies Group Inc it is $3.00 per share (as of Oct 20, 2026), against a price of $3.67. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).

Is Kandi Technologies Group Inc stock overvalued or undervalued in 2026?

As of Oct 20, 2026, KNDI trades above its calculated fair value: price $3.67, fair value $3.00, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.

Is fair value the same as the market price of KNDI?

No. The price is what the market pays today ($3.67); the fair value is what the company's own numbers justify ($3.00). For Kandi Technologies Group Inc the two are $0.6750 per share apart. That gap is exactly why we show both numbers side by side.

How much is Kandi Technologies Group Inc worth?

The market values Kandi Technologies Group Inc at about $35.6M (market capitalisation, as of Oct 20, 2026). Per share that is $3.67; our models calculate a fair value of $3.00 per share.

What do the bullish and bearish scenarios say about KNDI?

Our models span a range for Kandi Technologies Group Inc: cautious scenario $2.67, base $3.00, optimistic $3.31 per share (as of Oct 20, 2026, price $3.67). The range comes from different growth and margin assumptions, not from analyst opinions.

How solid is the balance sheet of Kandi Technologies Group Inc (KNDI)?

Balance-sheet figures for Kandi Technologies Group Inc (as of Oct 20, 2026): return on equity −26.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.

How far is KNDI from its 52-week high?

Kandi Technologies Group Inc trades at $3.67, about 71% below its 52-week high of $12.70 and 4% above the low of $3.54 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of $3.00 is for.

Which stocks are comparable to Kandi Technologies Group Inc?

From the same area (Consumer Cyclical) we also value Zhejiang Cfmoto Power Co, Brunswick Corporation, BRP Inc, THOR Industries, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.

Is Kandi Technologies Group Inc stock attractive at the current price?

The data as of Oct 20, 2026: price $3.67, calculated fair value $3.00 (−18%), Quality Score 63/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.

How is the fair value of KNDI calculated?

We run Kandi Technologies Group Inc through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $3.00, with the spread shown as a cautious and an optimistic scenario.

Is it still worth investing in stocks now?

The global stock market currently sits 13.8 % above its aggregate fair value. Kandi Technologies Group Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.

What is the share price of Kandi Technologies Group Inc (KNDI)?

The closing price on Oct 20, 2026 was $3.67. Our model-based fair value is $3.00, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Kandi Technologies Group Inc right now?

The price sits above even our optimistic bull case ($3.31). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Kandi Technologies Group Inc

How large is the market capitalisation of Kandi Technologies Group Inc (KNDI)?

The market capitalisation of Kandi Technologies Group Inc is $35.6M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.

What is the P/S ratio of Kandi Technologies Group Inc (KNDI)?

The price-to-sales ratio of Kandi Technologies Group Inc is 0.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.

What are the earnings per share of Kandi Technologies Group Inc (KNDI)?

Earnings per share at Kandi Technologies Group Inc are $−9.79. Earnings per share over the last twelve months: total profit spread across every single share.

What is the net margin of Kandi Technologies Group Inc (KNDI)?

The net margin of Kandi Technologies Group Inc is −79.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.

What is the return on equity of Kandi Technologies Group Inc (KNDI)?

The return on equity (ROE) of Kandi Technologies Group Inc is −26.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.

What is the EBIT return on assets of Kandi Technologies Group Inc (KNDI)?

On an EBIT basis the return on assets of Kandi Technologies Group Inc is −6.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.

What is the operating margin of Kandi Technologies Group Inc (KNDI)?

The operating margin of Kandi Technologies Group Inc is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Kandi Technologies Group Inc (KNDI)?

Revenue at Kandi Technologies Group Inc is growing +57.4% versus a year earlier (3y avg −9.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.

How fast are earnings growing at Kandi Technologies Group Inc (KNDI)?

Earnings per share at Kandi Technologies Group Inc are growing +382% versus a year earlier. How much earnings per share grew versus a year earlier.

How much free cash flow does Kandi Technologies Group Inc (KNDI) generate?

The free cash flow of Kandi Technologies Group Inc is $176M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.

How much net cash does Kandi Technologies Group Inc (KNDI) hold?

Kandi Technologies Group Inc holds more cash than debt, $129M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.

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