Cango Inc.

AI-generated fair value estimate for this company.

Method: 10-year explicit-path FCF DCF: cash flow of $10M (yr1) growing to $44M (yr10) from its newly pivoted bitcoin-mining operations (after large 2025 impairment/mining-related charges); 18% discount rate; 2% terminal growth; $41.0M net debt; 41.02M shares outstanding.

Reasoning: Cango abandoned its legacy auto-financing business in 2025 to pivot fully into bitcoin mining (and is now further pivoting toward AI), so its historical financials are not representative; I used a conservative, heavily discounted cash-flow path for the new mining business given the strategic uncertainty and history of large impairment charges.