Discounted Cash Flow

Canaan Inc. ADR

CAN · Based on 10 years of SEC filings · Converted from CNY to USD

DCF estimate unavailable — loss_in_2024

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $1.3b $55.8m $11.7m 4.3% $19.06
2018 $2.7b (106.9%) $18.2m (-67.4%) $-5.6m (-147.9%) 0.7% (-84.3%) $6.23 (-67.3%)
2019 $204.3m (-92.4%) $-153.6m (-945.0%) $-41.8m (-647.0%) -75.2% (-11286.3%) $-6.90 (-210.8%)
2020 $68.6m (-66.4%) $-31.9m (79.2%) $6.2m (114.9%) -46.5% (38.1%) $-1.41 (79.6%)
2021 $782.5m (1040.5%) $297.0m (1030.0%) $212.7m (3314.7%) 38.0% (181.5%) $12.45 (983.0%)
2022 $634.9m (-18.9%) $72.2m (-75.7%) $-254.0m (-219.4%) 11.4% (-70.0%) $2.75 (-77.9%)
2023 $211.5m (-66.7%) $-61.5m (-185.2%) $-18.8m (92.6%) -29.1% (-355.6%) $-16.06 (-684.0%)
2024 $269.3m (27.4%) $-37.1m (39.7%) $-32.5m (-72.2%) -13.8% (52.6%) $-6.13 (61.8%)
2025 $529.7m (96.7%) $-31.2m (15.8%) $-43.9m (-35.4%) -5.9% (57.2%) $-2.99 (51.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CNY. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2024

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.