image
Technology - Computer Hardware - NASDAQ - CN
$ 1.65
11.5 %
$ 452 M
Market Cap
-1.06
P/E
1. INTRINSIC VALUE

Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.[ Read More ]

The intrinsic value of one CAN stock under the base case scenario is HIDDEN Compared to the current market price of 1.65 USD, Canaan Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CAN

image
FINANCIALS
211 M REVENUE
-67.78%
-411 M OPERATING INCOME
-949.95%
-414 M NET INCOME
-588.30%
-124 M OPERATING CASH FLOW
32.79%
39.6 M INVESTING CASH FLOW
585.48%
90 M FINANCING CASH FLOW
259.04%
71.9 M REVENUE
105.12%
-45.8 M OPERATING INCOME
32.58%
-41.9 M NET INCOME
-6.49%
0 OPERATING CASH FLOW
0.00%
0 INVESTING CASH FLOW
0.00%
0 FINANCING CASH FLOW
0.00%
Balance Sheet Decomposition Canaan Inc.
image
Current Assets 356 M
Cash & Short-Term Investments 96.2 M
Receivables 58.4 M
Other Current Assets 202 M
Non-Current Assets 137 M
Long-Term Investments 31.2 M
PP&E 31.2 M
Other Non-Current Assets 74.8 M
Current Liabilities 135 M
Accounts Payable 6.24 M
Short-Term Debt 1.22 M
Other Current Liabilities 128 M
Non-Current Liabilities 9.92 M
Long-Term Debt 210 K
Other Non-Current Liabilities 9.71 M
EFFICIENCY
Earnings Waterfall Canaan Inc.
image
Revenue 211 M
Cost Of Revenue 452 M
Gross Profit -241 M
Operating Expenses 170 M
Operating Income -411 M
Other Expenses 3.27 M
Net Income -414 M
RATIOS
-113.86% GROSS MARGIN
-113.86%
-194.29% OPERATING MARGIN
-194.29%
-195.84% NET MARGIN
-195.84%
-118.95% ROE
-118.95%
-83.96% ROA
-83.96%
-104.99% ROIC
-104.99%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Canaan Inc.
image
Net Income -414 M
Depreciation & Amortization 59.6 M
Capital Expenditures -3.31 M
Stock-Based Compensation 42.1 M
Change in Working Capital 16.1 M
Others 372 M
Free Cash Flow -127 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Canaan Inc.
image
Wall Street analysts predict an average 1-year price target for CAN of $2 , with forecasts ranging from a low of $2 to a high of $2 .
CAN Lowest Price Target Wall Street Target
2 USD 21.21%
CAN Average Price Target Wall Street Target
2 USD 21.21%
CAN Highest Price Target Wall Street Target
2 USD 21.21%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.38 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Canaan Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
7. News
Theralase(R) Closes Non-Brokered Private Placement TORONTO, ON / ACCESSWIRE / November 15, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light, radiation, sound and/or drug-activated small molecules and their formulations, intended for the safe and effective destruction of various cancers, bacteria and viruses, is pleased to announce that it has successfully closed a non-brokered private placement offering ("Offering") of units ("Units"). On closing, the Corporation issued an aggregate of 2,221,334 Units at a price of $CAN 0.30 per Unit for aggregate gross proceeds of approximately $CAN 666,400. accesswire.com - 2 days ago
Canaan Inc. to Report Third Quarter 2024 Financial Results on November 20, 2024 SINGAPORE , Nov. 14, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it plans to report its financial results for the third quarter ended September 30, 2024, before the U.S. market opens on November 20, 2024. The Company's management team will hold a conference call at 8:00 A.M. prnewswire.com - 3 days ago
Nasdaq Moves Lower; Canaan Shares Surge U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling more than 50 points on Monday. benzinga.com - 6 days ago
HIVE Digital Technologies orders 6,500 bitcoin miners from Canaan HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) Ltd has ordered 6,500 Canaan Avalon A1566 ASIC bitcoin miners from Canaan Inc. The first delivery of 500 units is expected this week, with further installments scheduled through March 2025. proactiveinvestors.com - 6 days ago
RETRANSMISSION: HIVE Digital Technologies Ltd. Announces Order of 6,500 Canaan Avalon A1566 ASIC Miners and Groundbreaking of 100 MW in Paraguay This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - HIVE Digital Technologies Ltd. newsfilecorp.com - 6 days ago
Canaan Inc. Signs Agreement with HIVE for Avalon A1566 Miners Continues North American Expansion with Order from Long-term Customer SINGAPORE , Nov. 11, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with HIVE Digital Technologies Ltd ("HIVE"), for its Avalon A1566 miners. prnewswire.com - 6 days ago
HIVE Digital Technologies Ltd. Announces Order of 6,500 Canaan Avalon A1566 ASIC Miners and Groundbreaking of 100 MW in Paraguay This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. Vancouver, British Columbia--(Newsfile Corp. - November 11, 2024) - HIVE Digital Technologies Ltd. newsfilecorp.com - 6 days ago
Canaan Upgraded Avalon Miner A15 Series with Superior Performance SINGAPORE , Nov. 7, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN), a leading provider of Bitcoin Miners, announced that the company had upgraded Avalon Miner A15 series mining machines. In April 2024, Canaan released its Avalon Miner A1566 air cooling machine with 185 TH/s hash rate and power efficiency ratio of 18.5 J/TH in Hong Kong. prnewswire.com - 1 week ago
Canaan Inc. Awarded Order from New Customer CleanSpark for Avalon A1566I Miners Contributing to CleanSpark's Immersion Mining Operations SINGAPORE , Nov. 1, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan U.S. Inc., a wholly owned subsidiary of the Company, has entered into a purchase agreement with a new customer, CleanSpark Inc., for its Avalon A1566I miners. According to the purchase agreement, Canaan U.S. Inc. will provide CleanSpark with 3800 Avalon A1566I Immersion Cooling Miners. prnewswire.com - 2 weeks ago
Canaan Inc. Closes Third Tranche of Preferred Shares Financing Plans to fund self-mining expansion  and Bitcoin mining machine business  in North America   SINGAPORE, Sept. 30, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has closed the third and final tranche of its previously announced preferred shares financing (the "Preferred Shares Financing"), raising additional total gross proceeds of $50 million. prnewswire.com - 1 month ago
Theralase(R) Closes Non-Brokered Private Placement and Issues Stock Options TORONTO, ON / ACCESSWIRE / September 24, 2024 / Theralase® Technologies Inc. ("Theralase®" or the "Company") (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company dedicated to the research and development of light, radiation, sound and/or drug-activated small molecules and their formulations, intended for the safe and effective destruction of various cancers, bacteria and viruses, is pleased to announce that it has successfully closed a Non-Brokered Private Placement ("NBPP") offering ("Offering") of units ("Units"). On closing, the Corporation issued an aggregate of 2,720,000 Units at a price of $CAN 0.20 per Unit for aggregate gross proceeds of $CAN 544,000. accesswire.com - 1 month ago
Canaan (CAN) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now Canaan (CAN) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term. zacks.com - 2 months ago
8. Profile Summary

Canaan Inc. CAN

image
COUNTRY CN
INDUSTRY Computer Hardware
MARKET CAP $ 452 M
Dividend Yield 0.00%
Description Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final mining equipment products by integrating IC products for bitcoin mining and related components primarily in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts. The company has a strategic cooperation with Northern Data AG in the areas of artificial intelligence development, blockchain technology, and datacenter operations. Canaan Inc. was founded in 2013 and is based in Beijing, the People's Republic of China.
Contact Building 1, Yard 1, Beijing, 100094 https://canaan-creative.com
IPO Date Nov. 20, 2019
Employees 445
Officers Ms. Lu Meng Secretary of the Board Ms. Zhang Xi Investor Relations Manager Mr. Nangeng Zhang Chairman & Chief Executive Officer Mr. James Jin Cheng Chief Financial Officer