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KXIN - Kaixin Auto Holdings

NASDAQ -> Consumer Cyclical -> Auto & Truck Dealerships
Beijing, China
Type: Equity

KXIN price evolution
KXIN
(in millions $) 31 Dec 2022 30 Jun 2022 31 Dec 2021 30 Jun 2021
Current assets
Cash $7.1 $5.59 $5.26 $4.41
Short term investments
Net receivables $8.85 $1.34
Inventory $0.03 $0.4 $0.65
Total current assets $42.3 $37.77 $58.94 $51.9
Long term investments
Property, plant & equipment $0.48 $0.55 $0.58 $0.08
Goodwill & intangible assets $12.9 $13.69 $14.64 $15.38
Total noncurrent assets $13.38 $14.24 $15.22 $19.87
Total investments
Total assets $55.68 $52.01 $74.16 $71.77
Current liabilities
Accounts payable $3.27 $4.1 $4.24 $4.31
Deferred revenue
Short long term debt $6.42 $6.06 $6.28 $8.23
Total current liabilities $19.87 $29.95 $29.38 $32.88
Long term debt $0.31 $6.25 $4.45
Total noncurrent liabilities $0.31 $6.25 $6.7
Total debt $6.74 $12.31 $10.73 $8.23
Total liabilities $20.18 $36.2 $36.08 $32.88
Shareholders' equity
Retained earnings -$283.01 -$268.92 -$198.3 -$145.9
Other shareholder equity $1.47 -$0.39 $0.64 $0.31
Total shareholder equity $31.32 $7.76 $29.66 $29.81
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Current assets
Cash $7.1 $5.26 $3.16 $3.19
Short term investments
Net receivables $8.85 $0.22
Inventory $0.03 $0.4 $20.99
Total current assets $42.3 $58.94 $46.79 $51.98
Long term investments
Property, plant & equipment $0.48 $0.58 $0.12 $2.4
Goodwill & intangible assets $12.9 $14.64
Total noncurrent assets $13.38 $15.22 $1.68 $2.4
Total investments
Total assets $55.68 $74.16 $48.47 $54.39
Current liabilities
Accounts payable $3.27 $4.24 $3.36 $4.12
Deferred revenue
Short long term debt $6.42 $6.28 $15.3 $18.41
Total current liabilities $19.87 $29.38 $40.94 $51.05
Long term debt $0.31 $4.45 $0.03 $0.81
Total noncurrent liabilities $0.31 $6.7 $0.03 $0.81
Total debt $6.74 $10.73 $15.32 $19.23
Total liabilities $20.18 $36.08 $40.96 $51.86
Shareholders' equity
Retained earnings -$283.01 -$198.3 -$197.49 -$192.19
Other shareholder equity $1.47 $0.64 -$2.91 -$2.84
Total shareholder equity $31.32 $29.66 -$0.06 -$4.57
(in millions $) 31 Jan 2023 30 Jul 2022 31 Jan 2022 30 Jul 2021
Revenue
Total revenue $49.54 $33.3 $251.8 $2.04
Cost of revenue
Gross Profit $0.42 $0.22 $5.25
Operating activities
Research & development
Selling, general & administrative
Total operating expenses $15.56 $33.02 $43.88 $0.33
Operating income
Income from continuing operations
EBIT
Income tax expense $0.07 $0.01 -$0.73
Interest expense -$0.81 -$0.36 -$0.49 -$0.18
Net income
Net income -$14.09 -$70.61 -$52.4 -$144.18
Income (for common shares)
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Revenue
Total revenue $82.84 $253.84 $33.16 $334.7
Cost of revenue $82.19 $248.58 $32.16 $340.17
Gross Profit $0.65 $5.26 $1 -$5.48
Operating activities
Research & development $0.76 $3.36
Selling, general & administrative $48.59 $44.22 $9.42 $50.51
Total operating expenses $48.59 $187.87 $6.67 $127.96
Operating income -$47.94 -$182.61 -$5.67 -$133.43
Income from continuing operations
EBIT -$83.6 -$197.06 -$5.65 -$43.98
Income tax expense $0.07 -$0.73 -$1.53 -$1.92
Interest expense $1.03 $0.24 $1.18 $4.06
Net income
Net income -$84.71 -$196.58 -$5.3 -$46.12
Income (for common shares) -$84.71 -$196.58 -$5.3 -$46.12
(in millions $) 30 Jul 2022 31 Jan 2022 30 Jul 2021 29 Jul 2020
Net income
Operating activities
Depreciation
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations
Investing activities
Capital expenditures
Investments
Total cash flows from investing -$0.13 $4.27 $4.3
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings
Total cash flows from financing $4.07 $2
Effect of exchange rate -$0.29 $0.49 $0.01
Change in cash and equivalents $0.32 $4.66 $3.8
(in millions $) 31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net income -$84.71 -$196.58 -$5.3 -$46.12
Operating activities
Depreciation $1.68 $0.79 $0.61 $1.66
Business acquisitions & disposals -$0.1 $4.3
Stock-based compensation $39.31 $41.59 $3.36 $3.81
Total cash flows from operations -$2.39 -$2.1 -$3.88 -$4.75
Investing activities
Capital expenditures -$0.06 -$0.07
Investments $1.29
Total cash flows from investing -$0.16 $4.27 $1.22
Financing activities
Dividends paid
Sale and purchase of stock $5.38 $7.5
Net borrowings $2 $2 -$0.08 -$13.83
Total cash flows from financing $5.41 $2 $3.92 -$6.33
Effect of exchange rate -$1.02 $0.49 -$0.07 -$0.73
Change in cash and equivalents $1.84 $4.66 $0.04 -$9.85
Fundamentals
Market cap $381.18M
Enterprise value $380.81M
Shares outstanding 228.25M
Revenue $336.68M
EBITDA N/A
EBIT N/A
Net Income -$281.29M
Revenue Q/Q 49.41%
Revenue Y/Y N/A
P/E ratio -1.36
EV/Sales 1.13
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 1.13
P/B ratio 12.77
Book/Share 0.13
Cash/Share 0.03
EPS -$1.23
ROA -443.63%
ROE -1.14K%
Debt/Equity 0.64
Net debt/EBITDA N/A
Current ratio 2.13
Quick ratio 2.13