Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People’s Republic of China. More Details
Mediocre balance sheet with weak fundamentals.
Share Price & News
How has Canaan's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CAN is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 35% a week.
Volatility Over Time: CAN's weekly volatility has increased from 23% to 35% over the past year.
7 Day Return
1 Year Return
Return vs Industry: CAN exceeded the US Tech industry which returned 94% over the past year.
Return vs Market: CAN exceeded the US Market which returned 55.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Canaan's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Canaan Inc.'s (NASDAQ:CAN) Shares?
7 months ago | Simply Wall StHere's What Canaan Inc.'s (NASDAQ:CAN) Shareholder Ownership Structure Looks Like
11 months ago | Simply Wall StCanaan (NASDAQ:CAN) Has Debt But No Earnings; Should You Worry?
Is Canaan undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CAN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CAN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CAN is unprofitable, so we can't compare its PE Ratio to the US Tech industry average.
PE vs Market: CAN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CAN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CAN is overvalued based on its PB Ratio (35.2x) compared to the US Tech industry average (3.6x).
How is Canaan forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Canaan has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Canaan performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: CAN is currently unprofitable.
Growing Profit Margin: CAN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if CAN's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare CAN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CAN is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-26.4%).
Return on Equity
High ROE: CAN has a negative Return on Equity (-173.22%), as it is currently unprofitable.
How is Canaan's financial position?
Financial Position Analysis
Short Term Liabilities: CAN's short term assets (CN¥686.4M) exceed its short term liabilities (CN¥166.2M).
Long Term Liabilities: CAN's short term assets (CN¥686.4M) exceed its long term liabilities (CN¥15.2M).
Debt to Equity History and Analysis
Debt Level: CAN's debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CAN's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if CAN has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CAN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Canaan current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CAN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CAN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CAN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CAN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CAN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nangeng Zhang (37 yo)
Mr. Nangeng Zhang serves as Chairman of the Board and Chief Executive Officer of Canaan Inc. Mr. Zhang has approximately 11 years of experience in electronic device design, engineering, manufacturing, qual...
Experienced Management: CAN's management team is considered experienced (3.3 years average tenure).
Experienced Board: CAN's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Canaan Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Canaan Inc.
- Ticker: CAN
- Exchange: NasdaqGM
- Founded: 2013
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$2.923b
- Shares outstanding: 156.57m
- Website: https://canaan-creative.com
Number of Employees
- Canaan Inc.
- Dicara Silver Tower
- 30th Floor
- Zhejiang Province
Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People’s Republi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/10 22:41|
|End of Day Share Price||2021/04/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.