Canaan Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 35.87
Dividend & YieldN/A$ (N/A)
Beta 3.22
Market capitalization 412.38M
Operating cash flow N/A
ESG Scores unknown

Company 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.

Sector: Technology - Industry: Computer Hardware

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -198.77M 53.19M 360.46M 1.02B
Total Cashflows From Investing Activities 83.98M -16.33M -49.58M 5.12M
Net Borrowings 987.25M -935.73M -65M -35M
Total Cash From Financing Activities 295.2M 277.95M -111.94M 905.85M
Change To Operating Activities 428.22M -19.54M -86.77M -1.2B
Issuance Of Stock 1.21B 1.21B 1.08B 1.08B
Net Income 122.43M -1.03B -215.09M 2B
Change In Cash 368.71M -20.36M -129.04M 2.34B
Effect Of Exchange Rate 2.27M -1.93M -9.82M -13.92M
Total Cash From Operating Activities -12.74M -280.06M 42.3M 1.44B
Depreciation 13.14M 45.09M 44.67M 31.71M
Change To Account Receivables -20.23M 20.82M -4.5M 6.76M
Other Cashflows From Financing Activities -692.05M -6.88M -6.88M -5.71M
Change To Netincome 18.59M 785.77M 37.29M 224.98M
Capital Expenditures -24.91M -8.38M -2.18M -37.71M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 189.68M 168.98M 140.04M 332.85M
Income Before Tax 200.24M -1.03B -215.09M 2.05B
Net Income 122.43M -1.03B -215.09M 2B
Selling General Administrative 185.41M 369.55M 151.6M 689.57M
Gross Profit 508.12M -516M 37.76M 2.85B
Ebit 243.25M -1.05B -253.88M 1.83B
Operating Income 243.25M -1.05B -253.88M 1.83B
Interest Expense -53.07M -20.04M -3.59M
Income Tax Expense 77.81M 50.11M
Total Revenue 2.71B 1.42B 447.69M 4.99B
Cost Of Revenue 2.2B 1.94B 409.92M 2.14B
Total Other Income ExpenseNet -43.01M 18.77M 38.79M 222.06M
Net Income From Continuing Ops 122.43M -1.03B -215.09M 2B
Net Income Applicable To Common Shares 122.43M -1.03B -215.09M 2B

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 1.16B 298.63M 603.82M 2.17B
Total Stockholder Equity 240.98M 692.79M 432.56M 3.46B
Other Current Liabilities 10.63M 14.32M 438.75M 1.66B
Total Assets 1.4B 991.43M 1.04B 5.63B
Common Stock 1k 1k 1k 1k
Other Current Assets 365.95M 55.99M 227.47M 1.5B
Retained Earnings 151.24M -883.27M -1.1B 900.76M
Treasury Stock -65.23M -55.54M -103.7M -333.21M
Cash 258.94M 516.61M 391.31M 2.68B
Total Current Liabilities 1.16B 285.23M 592.48M 2.09B
Other Stockholder Equity -65.23M -55.54M -79.78M -101.93M
Property, Plant, and Equipment 27.93M 45.37M 26.61M 216.49M
Total Current Assets 1.37B 940.81M 1.01B 5.27B
Net Tangible Assets 240.98M 692.79M 432.56M 3.46B
Net Receivables 157.86M 161.14M 100.52M 274.98M
Accounts Payable 47.24M 126.51M 51.37M 143.44M


Insider Transactions

Here are the insider transactions of stock shares related to Canaan Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Canaan Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Canaan Inc

Here is the result of two systematic investment strategies applied to Canaan Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Canaan Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Canaan Inc:

Canaan Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 95.5% on the backtest period.

Performance at glance

Performance

95.5 %

Latent gain

951.44 $

Invested capital

996.24 $

Annualized return

45.91 %
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Momentum strategy results on Canaan Inc

This is the result of two momentum investment strategies applied to Canaan Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Canaan Inc

The following chart shows all the entries opened by the momentum investment system on Canaan Inc:

Canaan Inc momentum entries
  • The first momentum investment strategy would give 146.47% of return on Canaan Inc. That represents 3657.07$ of latent gain with 2496.77$ of employed capital.
  • The second momentum investment strategy would give 166.92% of return on Canaan Inc. That represents 2507.28$ of latent gain with 1502.04$ of employed capital.
Performance at glance (1Q Momentum)

Performance

146.47 %

Latent gain

3657.07 $

Invested capital

2496.77 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

166.92 %

Latent gain

2507.28 $

Invested capital

1502.04 $

Annualized return

104.33 %

Momentum equity curve on Canaan Inc

The following chart shows the equity curve of the two momentum strategies applied to Canaan Inc:

Canaan Inc momentum equity

Note: the dividends potentially given by Canaan Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Canaan Inc

The following chart shows the employed capital evolution of the two momentum strategies on Canaan Inc since the beginning:

Canaan Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Canaan Inc

Buy the dip entry openings on Canaan Inc

Canaan Inc

The performance achieved by the robo-advisor on Canaan Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Canaan Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Canaan Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to Canaan Inc

The following chart shows the result of the investment strategy applied to Canaan Inc:

Canaan Inc

Note: the dividends potentially given by Canaan Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Canaan Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Canaan Inc:

Canaan Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Canaan Inc

In this section, I will compare the three previous investment strategies applied to Canaan Inc.

Equity curve comparison on Canaan Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Canaan Inc investment strategy comparison

Employed capital comparison on Canaan Inc

Canaan Inc investment comparison

Performance comparison on Canaan Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 95.5% 951.44$ 996.24$ 45.91%
Momentum 1 quarter 146.47% 3657.07$ 2496.77$ 79.6%
Momentum 2 quarters 166.92% 2507.28$ 1502.04$ 104.33%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

45.91 %

Momentum 1Q

104.33 %

Momentum 2Q

104.33 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Canaan Inc:

Positive correlations

Most correlated stocks this year

  • Canaan Inc

  • Most correlated stocks last 3 months

  • Canaan Inc
  • Lyxor Commodities Refinitiv/CoreCommodity CRB TR U

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • VICAT
  • MERSEN

  • Note: The algorithm computes the probability of correlation between Canaan Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Canaan Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Canaan Inc
    Country China
    City Beijing
    Address Building 1, Yard 1
    Phone 86 10 6097 4080
    Website canaan-creative.com
    FullTime employees 346
    Industry Computer Hardware
    Sector Technology
    Exchange XNAS
    Ticker CAN
    Market www.nasdaq.com

    Canaan Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown