Kaixin Holdings (KXIN) intrinsic value & 10-year financials

Kaixin Holdings (KXIN) has a Graham intrinsic value of $2,214.78 per share. At $1.65 on Oct 17, 2026, the stock trades 100% below that value. Over the last 10 fiscal years revenue shrank 57.3% a year to $129.0K, with an average return on invested capital of -40.6%.

Graham intrinsic value
$2,214.78
Share price (Oct 17, 2026)
$1.65
Price vs Graham value
100% below
Market cap
$3.7M
Revenue (FY2025)
$129.0K
Revenue growth (10-yr CAGR)
-57.3%
ROIC (10-yr avg)
-40.6%
Free cash flow (FY2025)
—

KXIN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $129.0K -$53.9M -$24.20 — -24489.9% -276.5%
FY2024 — -$41.0M -$26.05 -$3.0M — -68.5%
FY2023 $31.5M -$53.6M -$2.34 -$2.5M -66.5% -61.2%
FY2022 $82.8M -$84.7M -$0.00 -$2.5M -57.9% -194.3%
FY2021 $253.8M -$196.6M -$1.72 — -71.9% -1681.6%
FY2020 $33.2M -$5.3M -$0.00 — -18.9% 95.8%
FY2019 $334.7M -$46.1M -$0.00 -$4.8M -39.9% 1843.2%
FY2018 $431.4M $2.3M — -$1.4M -0.3% -20.5%
FY2017 $116.6M $337.2K — -$145.9K -0.1% -1.7%
FY2016 — — — — — —

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

Executive summary

Kaixin Holdings revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Kaixin Holdings has historically struggled to out-earn its cost of capital, averaging just -6.6% ROIC.

Kaixin Holdings 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, Kaixin Holdings is modeled at -57.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2214.78 per share.

KXIN stock: frequently asked questions

What is the intrinsic value of Kaixin Holdings (KXIN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -57.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, KXIN's intrinsic value is about $2,214.78 per share.

Is KXIN stock undervalued?

At $1.65 (close on Oct 17, 2026), KXIN trades 100% below its Graham value of $2,214.78. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is KXIN's return on invested capital?

Average ROIC over the last 10 fiscal years was -40.6%, and average return on equity was -2594.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KXIN data come from?

From Kaixin Holdings's annual 10-K filings on SEC EDGAR, most recently filed Apr 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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