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Technology - Computer Hardware - NASDAQ - SG
$ 0.7643
0.381 %
$ 204 M
Market Cap
-0.83
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one CAN stock under the worst case scenario is HIDDEN Compared to the current market price of 0.764 USD, Canaan Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one CAN stock under the base case scenario is HIDDEN Compared to the current market price of 0.764 USD, Canaan Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one CAN stock under the best case scenario is HIDDEN Compared to the current market price of 0.764 USD, Canaan Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CAN

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$3.5$3.5$3.0$3.0$2.5$2.5$2.0$2.0$1.5$1.5$1.0$1.0$0.5$0.515 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
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%
73.6 M REVENUE
2.44%
-56.8 M OPERATING INCOME
-24.11%
-75.6 M NET INCOME
-80.46%
0 OPERATING CASH FLOW
0.00%
0 INVESTING CASH FLOW
0.00%
0 FINANCING CASH FLOW
0.00%
Balance Sheet Canaan Inc.
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Current Assets 364 M
Cash & Short-Term Investments 96.2 M
Receivables 58.4 M
Other Current Assets 209 M
Non-Current Assets 137 M
Long-Term Investments 2.82 M
PP&E 31.2 M
Other Non-Current Assets 103 M
19.20 %11.66 %41.75 %6.22 %20.60 %Total Assets$500.8m
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
4.30 %88.02 %6.69 %Total Liabilities$145.1m
EFFICIENCY
Earnings Waterfall Canaan Inc.
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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
300m300m200m200m100m100m00(100m)(100m)(200m)(200m)(300m)(300m)(400m)(400m)(500m)(500m)211m(452m)(241m)(170m)(411m)(3m)(414m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
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%
-99.65% ROIC
-99.65%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Canaan Inc.
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200m200m150m150m100m100m50m50m00(50m)(50m)(100m)(100m)(150m)(150m)(200m)(200m)(250m)(250m)(300m)(300m)20182018201920192020202020212021202220222023202320242024
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.
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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 161.68%
CAN Average Price Target Wall Street Target
2 USD 161.68%
CAN Highest Price Target Wall Street Target
2 USD 161.68%
Price
Max Price Target
Min Price Target
Average Price Target
44333322221111May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.38 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.400.400.350.350.300.300.250.250.200.200.150.150.100.100.050.050.000.000.380.3820212021
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5. COMPETITION
slide 2 of 12
6. Ownership
Insider Ownership Canaan Inc.
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Sold
0-3 MONTHS
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3-6 MONTHS
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6-9 MONTHS
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9-12 MONTHS
0 USD 0
Bought
0 USD 0
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0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Canaan Unveils Avalon Q at Mining Disrupt 2025: a Professional-Grade Quiet Bitcoin Mining Solution for Home Use SINGAPORE , March 27, 2025 /PRNewswire/ -- Canaan Inc. introduces Avalon Q, a professional-grade Bitcoin mining machine specifically designed for home users. This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts. prnewswire.com - 3 weeks ago
Canaan: Again At An Attractive Valuation With Bitcoin Self-Mining Canaan Inc. essentially develops ASIC miners, mostly under the Avalon series, targeting both industrial and home Bitcoin mining. Still, there are regulatory and trade pressures from China and the US chip export constraints. Their recent Q4 2024 report showed record computing power sales and strong Bitcoin production. seekingalpha.com - 3 weeks ago
Canaan Inc. (CAN) Q4 2024 Earnings Call Transcript Canaan Inc. (NASDAQ:CAN ) Q4 2024 Earnings Conference Call March 25, 2025 8:00 AM ET Company Participants Gwyn Lauber - Investor Relations Director Nangeng Zhang - Chairman and CEO James Cheng - CFO Leo Wang - VP of Capital Markets and Corporate Development Conference Call Participants Nick Giles - B. Riley Securities Kevin Cassidy - Rosenblatt Securities Kevin Dede - H.C. seekingalpha.com - 3 weeks ago
Mawson Infrastructure Group Inc. Executes New Customer Agreement with Canaan Inc., Growing and Expanding Digital Colocation Business with Latest-Gen ASICs MIDLAND, Pa., March 26, 2025 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, today announced that it has signed a significant new digital colocation customer agreement with Canaan Inc., a NASDAQ-listed publicly traded company (NASDAQ: CAN), further growing and expanding its digital colocation business with latest-generation application-specific integrated circuit machines (ASICs). globenewswire.com - 3 weeks ago
Canaan Inc. Reports Unaudited Fourth Quarter and Full Year 2024 Financial Results Total revenues of US$88.8 million exceeds guidance, up 80.9% YoY Total computing power sold achieves record high of 9.1 million TH/s, up 65.9% YoY Bitcoin mining revenues reach US$15.3 million, up 312.5% YoY SINGAPORE , March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months and twelve months ended December 31, 2024. Fourth Quarter 2024 Operating and Financial Highlights Total revenues were US$88.8 million, which beat the guidance of US$80 million and increased 80.9% year-over-year. prnewswire.com - 3 weeks ago
Canaan Inc. Expands Self-Mining Footprint in North America New mining partnerships to add ~4.7 EH/s M ining machines to be hosted at facilities in Pennsylvania and Texas Self-mining energization expected in coming months SINGAPORE , March 26, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a n innovator in crypto mining, today announced that wholly owned subsidiaries of Canaan have signed agreements that expand the Company's self-mining capabilities at two new partners' mining facilities in Pennsylvania and Texas. A three-year master colocation agreement has been entered into with Mawson Hosting LLC, an affiliate of Mawson Infrastructure Group Inc. (NASDAQ: MIGI), for its facility in Midland, Pennsylvania. prnewswire.com - 3 weeks ago
Canaan Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on March 26, 2025 SINGAPORE , March 17, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it plans to report its financial results for the fourth quarter and full year ended December 31, 2024, before the U.S. market opens on March 26, 2025. The Company's management team will hold a conference call at 8:00 A.M. prnewswire.com - 1 month ago
Canaan Inc. Enters into Securities Purchase Agreement for Series A-1 Preferred Shares Financing and Completes First Tranche Closing Provides Company with access to up to US$200 million SINGAPORE , March 10, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the Company had entered into a Securities Purchase Agreement (the "Agreement") with an institutional investor (the "Buyer"), providing the Company with total gross proceeds of up to US$200 million through a Series A-1 Preferred Shares financing (the "Preferred Shares Financing"). First tranche closing under the Preferred Shares Financing was completed on March 10, 2025, where an initial US$100 million has been received. prnewswire.com - 1 month ago
Canaan Presents A Golden Opportunity Canaan's stock is extremely oversold but shows strong support around $1.15 to $1.30, presenting a compelling risk/reward opportunity for investors. The company is a small-cap Bitcoin miner with competitive costs and new products like the Avalon Q, potentially boosting future profitability. Despite recent earnings revisions, Canaan's valuation appears too low, especially given its potential to achieve significant profits by 2025 and 2026. seekingalpha.com - 1 month ago
Canaan Inc. Announces February 2025 Bitcoin Production, Mining Operation Updates, and Preliminary Fourth Quarter 2024 Financial Results SINGAPORE , March 3, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining and operational update for February 2025 and announced preliminary unaudited financial results for the fourth quarter ended December 31, 2024. Management Commentary "Despite February being a shorter month, we continued to make steady strides in both our mining operations and product innovation," said Nangeng Zhang, Chairman and chief executive officer of Canaan. prnewswire.com - 1 month ago
Canadian Gold Resources (TSXV: CAN) Terminates Investor Relations Agreement; Supplemental Information and Clarification on Option Grants Canadian Gold (TSXV: CAN) ends its investor relations deal with Alliance Advisors, updates stock options grants, and remains focused on gold exploration in globenewswire.com - 1 month ago
Canaan Inc. Announces January 2025 Bitcoin Production and Mining Operation Updates SINGAPORE , Feb. 19, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending January 31, 2025. Management Commentary "In January, we made solid progress across all segments of our business, as we expanded our customer base, announced two Avalon Home consumer products, and advanced our self-mining capacity, leading to an increase in our bitcoin holdings," said Nangeng Zhang, chairman and chief executive officer of Canaan. prnewswire.com - 2 months ago
8. Profile Summary

Canaan Inc. CAN

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COUNTRY SG
INDUSTRY Computer Hardware
MARKET CAP $ 204 M
Dividend Yield 0.00%
Description Canaan Inc. engages in the research, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
Contact 28 Ayer Rajah Crescent #06-08, Singapore, 139959 https://investor.canaan-creative.com
IPO Date Nov. 20, 2019
Employees 445
Officers Mr. Nangeng Zhang Chairman & Chief Executive Officer Mr. James Jin Cheng Chief Financial Officer Ms. Zhang Xi Investor Relations Manager Ms. Lu Meng Secretary of the Board