Kandi Technologies Group, Inc. (KNDI) intrinsic value & 10-year financials

Kandi Technologies Group, Inc. (KNDI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue shrank 9.5% a year to $87.4M, with an average return on invested capital of -10.8%.

Graham intrinsic value
—
Revenue (FY2025)
$87.4M
Revenue growth (5-yr CAGR)
-9.5%
ROIC (10-yr avg)
-10.8%
Free cash flow (FY2025)
$96.4M

KNDI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $87.4M -$93.9M -$1.14 $96.4M -65.4% -18.4%
FY2024 $127.6M -$50.5M -$0.59 -$18.8M -53.9% -16.9%
FY2023 $123.6M $7.1K $0.02 -$114.3M -10.6% -1.7%
FY2022 $117.8M -$12.1M -$0.17 $27.8M -23.5% -6.3%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Kandi Technologies Group, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Kandi Technologies Group, Inc. has historically struggled to out-earn its cost of capital, averaging just -10.8% ROIC.

Kandi Technologies Group, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Kandi Technologies Group, Inc. is modeled at -9.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.18 per share.

KNDI stock: frequently asked questions

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

Graham's formula only works with positive earnings. Kandi Technologies Group, Inc. reported diluted EPS of -$1.14 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Kandi Technologies Group, Inc. generate free cash flow?

Kandi Technologies Group, Inc. generated $96.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 4 reported years.

What is KNDI's return on invested capital?

Average ROIC over the last 5 fiscal years was -10.8%, and average return on equity was -11.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KNDI data come from?

From Kandi Technologies Group, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 28, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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