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Upturn AI SWOT - About
Canaan Inc (CAN)
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Upturn Advisory Summary
04/01/2025: CAN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -75.45% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 324.44M USD | Price to earnings Ratio - | 1Y Target Price 4.05 |
Price to earnings Ratio - | 1Y Target Price 4.05 | ||
Volume (30-day avg) 15159583 | Beta 3.4 | 52 Weeks Range 0.72 - 3.27 | Updated Date 04/1/2025 |
52 Weeks Range 0.72 - 3.27 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.92 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-26 | When - | Estimate -0.8 | Actual -1.9133 |
Profitability
Profit Margin -92.73% | Operating Margin (TTM) -58.63% |
Management Effectiveness
Return on Assets (TTM) -29.15% | Return on Equity (TTM) -81.29% |
Valuation
Trailing PE - | Forward PE 2.15 | Enterprise Value 3931789056 | Price to Sales(TTM) 1.26 |
Enterprise Value 3931789056 | Price to Sales(TTM) 1.26 | ||
Enterprise Value to Revenue 1.22 | Enterprise Value to EBITDA 0.6 | Shares Outstanding 353148992 | Shares Floating 4140519186 |
Shares Outstanding 353148992 | Shares Floating 4140519186 | ||
Percent Insiders - | Percent Institutions 24.53 |
Analyst Ratings
Rating 4.75 | Target Price 2.48 | Buy 1 | Strong Buy 3 |
Buy 1 | Strong Buy 3 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Canaan Inc
Company Overview
History and Background
Canaan Inc. was founded in 2013 and is headquartered in Beijing, China. It focuses on the research, design, and sale of integrated circuit (IC) products and system solutions.
Core Business Areas
- Bitcoin Mining Hardware: Designs and manufactures ASIC (Application-Specific Integrated Circuit) based hardware for Bitcoin mining.
- AI Chips: Develops AI chips for various applications, including edge computing and high-performance computing.
Leadership and Structure
Nangeng Zhang serves as the Chairman and CEO. The company operates with a functional organizational structure focusing on R&D, manufacturing, and sales.
Top Products and Market Share
Key Offerings
- Avalon Miner: Bitcoin mining hardware; market share fluctuates significantly based on Bitcoin price and competition. Competitors: Bitmain, MicroBT.
- Kendryte AI Chips: AI chips designed for edge computing applications. Revenue and market share data is not widely publicized. Competitors: NVIDIA, Intel, Xilinx (now AMD).
Market Dynamics
Industry Overview
The Bitcoin mining industry is highly competitive and volatile, driven by cryptocurrency prices. The AI chip market is rapidly growing with diverse applications.
Positioning
Canaan aims to be a leading provider of both Bitcoin mining hardware and AI solutions. Their competitive advantage lies in their ASIC design expertise.
Total Addressable Market (TAM)
TAM for Bitcoin mining hardware is estimated at several billion USD annually. The AI chip market TAM is projected to reach hundreds of billions of USD in the coming years. Canaan's positioning relative to the AI TAM is growing but still relatively small.
Upturn SWOT Analysis
Strengths
- ASIC Design Expertise
- Early Mover Advantage in Bitcoin Mining Hardware
- Growing Investment in AI Chip Development
Weaknesses
- High Dependence on Bitcoin Price
- Limited Geographic Diversification
- Intense Competition
- Regulatory Risks in China
Opportunities
- Expansion into New Geographic Markets
- Diversification into New AI Applications
- Strategic Partnerships with Tech Companies
- Development of more energy-efficient mining hardware
Threats
- Fluctuations in Bitcoin Price
- Increasing Competition from Established Chip Manufacturers
- Regulatory Changes in Cryptocurrency Mining
- Supply Chain Disruptions
Competitors and Market Share
Key Competitors
- BITM
- EBON
Competitive Landscape
Canaan competes with larger, more established chip manufacturers and other specialized mining hardware producers. Its advantage lies in specialized ASIC design, but faces disadvantages in scale and diversification.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth has been highly dependent on Bitcoin price fluctuations and mining difficulty.
Future Projections: Future growth is projected to be driven by expansion into AI chips and increased geographic diversification.
Recent Initiatives: Focus on AI chip development, strategic partnerships, and geographic expansion.
Summary
Canaan Inc. is a key player in the Bitcoin mining hardware market but faces challenges from volatile cryptocurrency prices and fierce competition. Their strategic pivot towards AI chips presents a significant growth opportunity but requires substantial investment and faces competition from industry giants. The company's success hinges on managing risks associated with cryptocurrency and effectively executing its diversification strategy. The company needs to find stability in its leadership structure and become more diverse.
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Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Analyst estimates
- Market research reports
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market conditions are subject to change, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Canaan Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2019-11-20 | Chairman & CEO Mr. Nangeng Zhang | ||
Sector Technology | Industry Computer Hardware | Full time employees - | |
Full time employees - | |||
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.
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