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Kandi Technologies Group Inc (KNDI) Fair Value & Analysis

Consumer Cyclical · US · Market cap $67.6M · ISIN VGG5214E1034

What is Kandi Technologies Group Inc really worth?

KT Kandi Technologies Group Inc logo Kandi Technologies Group Inc KNDI · US
Price$0.6206
Fair Value$1.86
Upside+200.0%
Quality58/100

A solid business, trading 67% below our fair value of $1.86.

As of Sep 5, 2026, the fair value of Kandi Technologies Group Inc is $1.86 per share against a price of $0.6206, so the fair value sits 200% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +2.6 %/yr)
!Loss-making · -107.4% net margin
!Mixed vs. peers (6/12)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range $1.61 – $2.11

Fair value as of: Sep 5, 2026

From 8 valuation models · updated yesterday

Fair value updated Sep 5, 2026, revised from $2.33 to $1.86 (−20.1%) since Aug 13, 2026. Share price −10.7% over the past month.

What runs behind every stock

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

What matters now

  • The price is below even our cautious bear case ($1.61). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

$6.36 $0.6051 Fair Value $1.86 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range $0.6051 – $6.36 · fair‑value band $1.61 – $2.11 · the $0.6206 price screens below the $1.86 fair value. Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Kandi Technologies Group Inc (KNDI) currently trades at $0.6206, while our model-based Fair Value estimate is $1.86, implying the stock looks roughly 66.7% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of $12.63 per share, and 8 of the 8 models we run sit above the $0.6206 price. Bear case: the Dividend Discount group reads lowest at $1.20, and 0 of the 8 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at $87.4M. Revenue declined 32.3% year over year. It earns a return on equity of −31.0%. The balance sheet holds a net cash position of $129M. Fundamentals as of Sep 5, 2026

Our scenario range runs from $1.61 (bear case) to $2.11 (bull case); at $0.6206, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 65% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 5% fair-value upside, at 200%, KNDI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF best evidence $15.32 $19.19 $23.60 82
Growth DCF $15.50 $19.02 $22.88 80
5Y Revenue Exit $8.27 $9.03 $9.75 74
All 8 models by family
DCF Models
FCF DCF best evidence $15.32 $19.19 $23.60 82
5Y Revenue Exit $8.27 $9.03 $9.75 74
10Y Revenue Exit $11.42 $12.63 $13.81 68
Dividend Discount
Gordon GGM $0.9000 $1.27 $1.59 69
DDM Multi-Stage $0.9000 $1.20 $1.47 67
Multiples
EV/Revenue $2.43 $2.74 $3.06 54
Asset-Based
NCAV (Graham) $1.34 $1.80 $2.69 54
Growth DCF
Growth DCF $15.50 $19.02 $22.88 80

Widest divergence: Growth DCF ($19.02) versus Dividend Discount ($1.20). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 0.77 TTM
EPS (TTM) $−1.12
Net margin −107% FY2025
Return on equity −31.0% TTM
Return on assets (EBIT) −6.6% avg 5y
Operating margin −77.2% TTM
More key figures
Growth
Revenue (TTM) $87.4M TTM
Revenue growth (YoY) −32.3% 3y avg −9.5%
EPS growth (YoY) −48.4%
Balance sheet & cash flow
Free cash flow $176M FY2025
Net cash $129M FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 61 · Market factors (momentum, volatility) 20

Profitability 5
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 74
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 34/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$87.4M
Latest YoY
−31.5%
Avg. revenue growth/yr (3Y) 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.
−9.5%
Avg. revenue growth/yr (5Y) 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.
+2.6%
Avg. revenue growth/yr (18Y) 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.
+5.3%
EBIT 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)
Value creation/yr 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
Revenue −1.1%/yr
FY21 $91.5M
FY22 $118M
FY23 $124M
FY24 $128M
FY25 $87.4M
Net income
FY21 $22.9M
FY22 −$12.1M
FY23 $7.1K
FY24 −$50.5M
FY25 −$93.9M

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

Peer Group

Recreational Vehicles · 38 stocks

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.

Quality Score 58 · Above median
Fair Value upside +200% · Top 25%
Return on assets −6% · Bottom 25%
Net margin (TTM) −107% · Bottom 25%
Operating margin (TTM) −77% · Bottom 25%
Revenue growth −32% · Bottom 25%
Dividend yield (TTM) 19.3% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Recreational Vehicles median · lower = cheaper

P/B 0.25× · Cheaper than 75% of peers
P/S (TTM) 0.77× · Pricier than median
P/FCF 0.4× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 27
FUTURE0 · sector 0
PAST0 · sector 8
HEALTH99 · sector 89
DIVIDEND100 · sector 59

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

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10 more Recreational Vehicles stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

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Frequently asked questions

Is Kandi Technologies Group Inc (KNDI) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of $1.86 versus a price of $0.6206, about +200% upside (undervalued).
What is the fair value of KNDI?
Our model-based fair value for Kandi Technologies Group Inc is $1.86 (as of Sep 5, 2026), built from audited fundamentals. The current price: $0.6206.
What is the quality score of KNDI?
Kandi Technologies Group Inc has a Quality Score of 58/100. 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 $1.86 (as of Sep 5, 2026) from 8 valuation models. Cautious scenario $1.61, optimistic scenario $2.11. 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 $1.86, about +200% upside versus a price of $0.6206 (undervalued). Cautious scenario $1.61, optimistic scenario $2.11. 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 $87.4M (latest available figure, as of Sep 5, 2026).
What is the net profit margin of KNDI?
The net profit margin of Kandi Technologies Group Inc is about −107.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
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