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KXINKaixin Auto Holdings
$4.03$6M
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  4. Financial Ratios

Kaixin Auto Holdings (KXIN) Financial Ratios

Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -203.4%. (2017–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

KXIN Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Market Cap$6M$12M$2M$20M$59M$131M$183M$139M$1.9B$195M
Enterprise Value$7M$12M$1M$21M$61M$136M$195M$155M$1.9B$195M
P/E Ratio →-0.01———————823.04569.80
P/S Ratio48.8489.63—0.640.710.51151.620.414.52—
P/B Ratio0.010.290.180.301.653.4329.6954.76—1.00
P/FCF———————866.22——
P/OCF———————866.22——

P/E links to full P/E history page with 30-year chart

KXIN EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
EV / Revenue—94.30—0.670.740.54161.690.464.50—
EV / EBITDA———————4832.19—577.72
EV / EBIT—————————577.72
EV / FCF———————966.44——

KXIN Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Gross Margin-3030.2%-3030.2%—1.1%0.8%2.1%82.8%-1.6%4.0%—
Operating Margin-24489.9%-24489.9%—-66.5%-85.5%-71.9%-22.9%-0.0%-7.9%—
Net Profit Margin-41788.4%-41788.4%—-169.9%-102.3%-77.4%-13.8%-0.0%-20.5%—

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
ROE-203.4%-203.4%-102.3%-104.6%-230.2%-888.7%-3.8%-4.3%-104.5%0.2%
ROA-142.7%-142.7%-74.4%-75.9%-130.5%-486.9%-0.5%-0.1%-44.5%0.2%
ROIC-90.6%-90.6%-36.0%-29.7%-130.0%-424.6%-1.0%-0.5%-31.5%—
ROCE-109.8%-109.8%-44.5%-39.5%-175.9%-717.0%-5.8%-1.0%-29.5%-0.0%

KXIN Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Debt / Equity0.040.040.080.040.270.282.497.60——
Debt / EBITDA———————600.78——
Net Debt / Equity—0.02-0.100.010.070.151.976.34—-0.00
Net Debt / EBITDA———————501.09—-0.49
Debt / FCF———————100.22——
Interest Coverage-8090.57-8090.57-121.55-101.44-80.76-801.68-165.00-0.03-19.670.80

KXIN Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Current Ratio0.110.110.330.282.132.014.081.020.6911.30
Quick Ratio0.110.110.330.272.131.994.080.610.3411.30
Cash Ratio0.100.100.260.140.360.181.410.060.058.33
Asset Turnover—0.00—0.371.493.420.186.152.26—
Inventory Turnover61.1861.18135.93479.892651.42615.30—16.217.14—
Days Sales Outstanding———16.8438.9828.46221.960.24——

KXIN Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Dividend Yield——————————
Payout Ratio——————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017
Earnings Yield————————0.1%0.2%
FCF Yield———————0.1%——
Buyback Yield0.0%0.0%0.0%0.0%0.0%0.0%3.3%0.0%0.0%0.0%
Total Shareholder Yield0.0%0.0%0.0%0.0%0.0%0.0%3.3%0.0%0.0%0.0%
Shares Outstanding—$148517$3495$848$494$283$183$183$1950$195

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Existential liquidity and delisting

Distressed Valuation Reflects Pivot Uncertainty

According to recent market data, KXIN trades at a P/S ratio of 52.72, which, based on reported figures, appears to be a speculative premium disconnected from the company's near-zero revenue generation and its failed transition from a used-car dealership to an unproven electric vehicle manufacturer.

The elevated P/S multiple suggests that market participants are pricing the equity as a shell for a potential reverse merger or business model pivot rather than an operating entity. Investors should monitor the lack of meaningful forward P/E or EV/EBITDA metrics, which confirms that traditional valuation frameworks are currently inapplicable to this distressed asset.

Capital Compounding Remains Deeply Negative

As reported in financial statements, KXIN's ROIC has deteriorated to -67.2% in 2025Q4, indicating that the company is not only failing to generate returns on invested capital but is actively destroying shareholder value through its current operational structure and unsuccessful strategic pivots.

The persistent negative ROIC trend over the last ten quarters suggests that the company's capital allocation has been fundamentally flawed, with no evidence of efficiency gains. This decay in returns warrants further investigation into whether any remaining capital is being deployed toward productive assets or simply consumed by overhead.

Operational Stagnation and Asset Turnover

Based on EDBL's reported figures, the asset turnover ratio has effectively collapsed to 0.00, signaling that the company's physical dealership network has ceased to function as a revenue-generating engine, leaving the firm with a stagnant asset base that fails to support any meaningful commercial activity.

The inability to turn assets into revenue suggests that the company's historical dealership model has been abandoned without a viable replacement. Investors should note that the lack of inventory turnover, combined with the absence of a cash conversion cycle, confirms the company is no longer operating as a functional retail business.

Liquidity Buffer Nears Critical Depletion

According to recent SEC filings, KXIN's current ratio has plummeted to 0.11, which indicates that the company's liquid assets are severely insufficient to cover its short-term liabilities, leaving the firm in a highly vulnerable position with virtually no margin of safety against further operational cash burn.

The quick ratio of 0.11 mirrors the current ratio, confirming that the company lacks any meaningful inventory or receivables that could be liquidated to satisfy creditors. This liquidity profile suggests that the company may be entirely dependent on external financing or equity dilution to avoid insolvency.

Misapplication of Dealership Valuation Metrics

The most commonly misapplied metric for KXIN is the P/B ratio, which, at 0.02, obscures the fact that the company's book value is heavily comprised of goodwill and intangible assets rather than tangible, productive infrastructure capable of supporting a new EV manufacturing business model.

Analysts should avoid using P/B as a floor for valuation, as the company's historical assets are likely impaired and hold little liquidation value. A more appropriate focus would be on the cash burn rate relative to the remaining cash balance, as this is the primary determinant of the company's survival.

Download Financial Ratios Data

Includes 30+ ratios · 9 years · Updated daily

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KXIN — Frequently Asked Questions

Quick answers to the most common questions about buying KXIN stock.

What is Kaixin Auto Holdings's P/E ratio?

Kaixin Auto Holdings's current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.

What is Kaixin Auto Holdings's ROE?

Kaixin Auto Holdings's return on equity (ROE) is -203.4%. The historical average is -94.1%.

Is KXIN stock overvalued?

Based on historical data, Kaixin Auto Holdings is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Kaixin Auto Holdings's profit margins?

Kaixin Auto Holdings has -3030.2% gross margin and -24489.9% operating margin.