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Canaan Inc

Technology US CAN

2.13USD
-0.1(4.48%)

Last update at 2024-12-30T16:56:00Z

Day Range

2.022.17
LowHigh

52 Week Range

0.753.50
LowHigh

Fundamentals

  • Previous Close 2.23
  • Market Cap279.41M
  • Volume10320489
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-306.00602M
  • Revenue TTM191.34M
  • Revenue Per Share TTM0.99
  • Gross Profit TTM 1547.80M
  • Diluted EPS TTM-1.98

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 810.51M 321.68M -32.92272M -147.85473M 200.24M
Minority interest - - - - -
Net income 658.25M 313.81M 6.46M -109.21497M 122.43M
Selling general administrative 580.52M 92.42M 20.15M 49.68M 146.68M
Selling and marketing expenses 62.97M 15.76M 3.06M 3.13M 38.73M
Gross profit 1747.95M 447.24M 5.78M -73.74843M 508.12M
Reconciled depreciation 32.82M 14.13M 44.67M 45.09M 13.14M
Ebit 557.82M 286.84M -38.85954M -191.49064M 253.36M
Ebitda 343.22M 288.99M -33.63844M -146.40064M 266.50M
Depreciation and amortization -214.59600M 2.15M 5.22M 45.09M 13.14M
Non operating income net other - - - - -
Operating income 557.82M 286.84M -38.85954M -191.49064M 251.31M
Other operating expenses 3821.09M 495.50M 107.38M 353.86M 2453.98M
Interest expense 15.94M 46.81M 0.55M 2.86M 53.07M
Tax provision 152.26M 50.11M 0.00000M 0.00000M 77.81M
Interest income 15.94M 7.31M 3.15M 3.85M 4.23M
Net interest income 15.94M 7.31M -0.43400M -16.18500M -48.83500M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 152.26M 7.86M -39.38547M -38.63977M 77.81M
Total revenue 4378.91M 782.34M 68.52M 203.32M 2705.29M
Total operating expenses 172.50M 160.40M 44.64M 76.79M 256.81M
Cost of revenue 2630.96M 335.10M 62.74M 277.07M 2197.17M
Total other income expense net 252.69M 34.84M 5.94M 43.64M -2.23600M
Discontinued operations - - - - -
Net income from continuing ops 658.25M 2000.28M -215.09400M -1034.51000M 122.43M
Net income applicable to common shares 486.36M 2000.28M -215.09400M -1034.51000M 122.43M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 493.30M 4870.08M 883.62M 158.63M 141.70M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 9.27M 1775.30M 271.26M 48.42M 29.44M
Total liab 145.11M 462.46M 341.00M 92.42M 42.68M
Total stockholder equity 348.19M 4407.61M 542.62M 66.21M 99.02M
Deferred long term liab - - - - -
Other current liab 108.12M 311.20M 91.95M 9.70M 5.82M
Common stock - 0.00100M 0.00016M 0.00015M 0.00014M
Capital stock 0.00000M 0.00100M 0.00100M 0.00100M 0.00100M
Retained earnings -219.63100M 1391.88M 126.21M -183.01211M -140.14678M
Other liab - 4.16M 72.17M 8.02M -
Good will - - - - -
Other assets - 256.12M 122.31M 2.53M 0.00000M
Cash 96.15M 707.26M 421.13M 59.89M 73.83M
Cash and equivalents - - - - -
Total current liabilities 135.19M 448.26M 327.12M 90.69M 40.77M
Current deferred revenue 19.61M 4.61M 210.34M 65.88M 1.18M
Net debt -94.72800M -681.10400M -416.25186M -49.99770M -52.31034M
Short term debt 1.22M 16.12M 2.32M 9.39M 19.61M
Short long term debt - - - 48.72M 127.36M
Short long term debt total 1.43M 26.16M 4.88M 9.90M 21.52M
Other stockholder equity 596.80M 2917.99M 417.11M 246.54M 233.19M
Property plant equipment - 627.59M 216.49M 26.61M 45.37M
Total current assets 363.68M 3994.63M 827.33M 154.16M 134.46M
Long term investments 2.82M 107.27M 40.31M 0.03M -
Net tangible assets - 4235.73M 3458.69M 432.56M 692.79M
Short term investments - - 0.00000M 9.55M 1.57M
Net receivables 58.40M 504.25M 0.06M 1.09M 0.41M
Long term debt - - - - -
Inventory 142.29M 1512.07M 127.45M 34.52M 28.02M
Accounts payable 6.25M 116.33M 22.50M 5.73M 14.16M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -28.98700M 97.74M -0.70677M 2.68M 5.97M
Additional paid in capital - - - - -
Common stock total equity - - - 0.00100M 0.00100M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 28.34M 17.44M 0.46M 0.39M 0.75M
Deferred long term asset charges - - - - -
Non current assets total 129.62M 875.45M 56.29M 4.46M 7.23M
Capital lease obligations 1.43M 26.16M 31.11M 15.94M 23.24M
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -4.39508M 42.66M -48.03700M -16.33000M 83.98M
Change to liabilities -1481.24900M 1016.38M 360.46M 53.19M -198.77100M
Total cashflows from investing activities -30.32300M 5.12M -49.57600M -16.33000M 83.98M
Net borrowings - -35.00000M -65.00000M -935.73000M 987.25M
Total cash from financing activities -52.97726M 905.85M -111.94000M 277.95M 295.20M
Change to operating activities -107.05100M -1202.42300M -86.76600M -19.53600M 428.22M
Net income 70.49M 2000.28M -215.09400M -1034.51000M 122.43M
Change in cash -293.42730M 2335.90M -129.04200M -20.36400M 368.71M
Begin period cash flow 395.94M 395.80M 524.85M 545.21M 176.50M
End period cash flow 102.51M 2731.70M 395.80M 524.85M 545.21M
Total cash from operating activities -245.92321M 1438.85M 42.30M -280.05800M -12.74300M
Issuance of capital stock 10.20M 1075.18M 0.00000M 1213.68M 0.00000M
Depreciation 32.82M 14.13M 44.67M 45.09M 13.14M
Other cashflows from investing activities 64.81M 64.81M 64.81M -7.95000M 108.89M
Dividends paid - - - - 692.05M
Change to inventory -225.98640M -787.55400M -48.84400M 369.15M -325.82500M
Change to account receivables 0.05M 6.76M -4.49900M 20.82M -20.22800M
Sale purchase of stock -33.96098M -104.11600M -40.06100M 1213.68M -
Other cashflows from financing activities -29.21702M -30.21300M 145.12M 200.00M 1952.20M
Change to netincome 820.39M 224.98M -7.63000M 259.30M 18.59M
Capital expenditures 13.79M 37.71M 2.18M 8.38M 24.91M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -470.41917M -818.12000M 220.35M 450.06M -166.91100M
Stock based compensation 59.05M 491.46M 2.95M 270.24M 18.59M
Other non cash items 69.73M -149.85600M 1.94M 1.75M -1.05700M
Free cash flow -259.71142M 1401.14M 40.12M -288.43800M -37.65300M

Peer Comparison

Sector: Technology Industry: Computer Hardware

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
CAN
Canaan Inc
-0.1 4.48% 2.13 - 2.15 1.24 0.75 0.79 -0.5159
ANET
Arista Networks
-1.71 1.51% 111.32 39.49 31.45 13.08 11.15 12.18 31.54
DELL
Dell Technologies Inc
-2.325 1.98% 115.00 20.97 10.53 0.58 4.39 0.78 8.46
SMCI
Super Micro Computer Inc
-0.87 2.72% 31.11 49.25 28.90 5.69 17.11 5.65 57.68
CAJFF
Canon Inc
- -% 32.62 15.35 12.14 0.0071 1.35 1.14 7.50

Reports Covered

Stock Research & News

Profile

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.

Canaan Inc

28 Ayer Rajah Crescent #06-08, Singapore, Singapore, 139959

Key Executives

Name Title Year Born
Mr. Nangeng Zhang Chairman & CEO 1983
Mr. James Jin Cheng Chief Financial Officer 1979
Mr. Clark S. Soucy Investor Relations Director NA
Ms. Lu Meng Sec. of the Board 1983
Ms. Zhang Xi Investor Relations Mang. NA
Ms. Lu Meng Secretary of the Board 1983
Ms. Zhang Xi Investor Relations Manager NA

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