Kaixin Auto Holdings (KXIN) AI Stock Analysis

• Market Cap: $1.70M
• Dividend Yield: N/A
• Average Volume (3M): 225.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 5.25
• Revenue Growth: -81.46%
• EPS Growth: -2552.53%
• Country: US
• Employees: 23
• Sector: Consumer Cyclical
• Sector Strength: 49
• Industry: Vehicles
• EPS (TTM): -2.15
• Shares Outstanding: 1,686,492
• 10 Day Avg. Volume: 143,704
• 30 Day Avg. Volume: 225,798
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.03
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Kaixin Auto Holdings faces severe financial challenges, including declining revenues and negative cash flows, weighing heavily on the stock score. The weak technical indicators further suggest bearish sentiment. Valuation metrics are unfavorable due to the lack of profitability. The neutral impact from the earnings call due to lack of information doesn't offer any positive offset. Overall, the stock is rated low, reflecting significant risks and challenges.

Kaixin Auto Holdings Business Overview & Revenue Model

Company Description

Kaixin Auto Holdings (KXIN) is a prominent player in the automotive sector, primarily focusing on the sale and distribution of used vehicles. The company operates an extensive network of dealerships across China and leverages its robust online platform to reach a wide array of customers. Kaixin Auto Holdings caters to a diverse clientele by offering a variety of vehicle brands and models, alongside providing ancillary services such as financing solutions and after-sales support to enhance the customer experience.

How the Company Makes Money

Kaixin Auto Holdings generates revenue through the sale of used vehicles via its extensive dealership network and online platform. The company capitalizes on the rising demand for affordable vehicles in China by offering a broad selection of used cars, including both domestic and international brands. Additionally, Kaixin Auto Holdings supplements its income by providing value-added services such as vehicle financing options and comprehensive after-sales support, which not only enhance customer satisfaction but also create additional revenue streams. The company's strategic partnerships with financial institutions further bolster its financing services, enabling it to offer competitive loan terms and attract more customers.

Kaixin Auto Holdings Financial Statement Overview

Summary

Kaixin Auto Holdings struggles with declining revenues, continuous operational losses, and insufficient cash flow generation. Despite improvements in debt and equity positions, the company faces significant financial hurdles to achieve profitability and sustainable cash flow.

Income Statement

Kaixin Auto Holdings has been experiencing declining revenues, which fell significantly from $253.84M in 2021 to $31.54M in 2023. The gross profit margin is very low at approximately 1.08% for 2023, indicating challenges in managing production or operational costs. The net profit margin is also negative, with the company recording substantial net losses over the years, suggesting ongoing profitability issues. The negative EBIT and EBITDA margins further highlight operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio improved to 0.05 in 2023, reflecting a reduction in leverage. However, the negative equity recorded in 2020 and 2019 is concerning, though it has improved to positive levels in recent years. The equity ratio is strong at 74.24% for 2023, indicating a solid capital structure relative to assets, which is a positive highlight in the balance sheet.

Cash Flow

Free cash flow remains negative, with no significant improvement over the years. The operating cash flow to net income ratio is less relevant due to consistent negative net income and operating cash flows. There is a lack of strong positive cash flow generation, impacting the company's ability to self-fund operations.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
31.54M	82.84M	253.84M	33.16M	334.70M
	Gross Profit
342.00K	646.00K	5.26M	1.00M	-5.48M
	EBIT
-20.98M	-63.07M	-50.10M	-9.18M	-133.43M
	EBITDA
-50.77M	-81.83M	-195.63M	―	-133.00K
	Net Income Common Stockholders
-53.56M	-84.62M	-195.93M	-5.32M	-69.07M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.08M	7.10M	5.26M	3.16M	3.19M
	Total Assets
85.53M	55.68M	74.16M	48.47M	54.39M
	Total Debt
2.97M	9.73M	10.81M	15.32M	19.23M
	Net Debt
882.00K	2.63M	5.55M	12.16M	16.04M
	Total Liabilities
18.62M	20.18M	36.08M	40.96M	51.86M
	Stockholders Equity
63.48M	31.32M	29.66M	-55.00K	-4.57M
Cash Flow		Free Cash Flow
-2.50M	-2.45M	-2.13M	-4.64M	-4.81M
	Operating Cash Flow
-2.11M	-2.39M	-2.10M	-3.88M	-4.75M
	Investing Cash Flow
-3.13M	-156.00K	4.27M	98.98M	1.22M
	Financing Cash Flow
1.01M	5.41M	2.00M	3.92M	-6.33M

Kaixin Auto Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KXIN, the sentiment is Negative. The current price of 1 is below the 20-day moving average (MA) of 1.21, below the 50-day MA of 1.39, and below the 200-day MA of 5.10, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 27.49 is Positive, neither overbought nor oversold. The STOCH value of 18.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KXIN.

Kaixin Auto Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CVNA	70 Outperform	$36.72B	109.53	27.94%	―	26.94%	-57.88%
Sector *	60 Neutral	$12.39B	10.47	1.07%	3.58%	1.64%	-18.33%
NIO	43 Neutral	$10.15B	―	-155.53%	―	13.77%	17.85%
KXIN	38 Underperform	$1.70M	―	-117.60%	―	-81.46%	-2552.53%