C3is Inc.

AI-generated fair value estimate for this company.

Method: Net asset value approach using C3is's latest reported balance sheet (total stockholders' equity of $95.10M, debt-free, as of June 30 2026) divided by current shares outstanding of ~1.5M gives an undiscounted NAV of ~$63.4/share; applying a 97% discount for the issuer's demonstrated pattern of severe, continuous shareholder dilution (two reverse stock splits and three dilutive equity/warrant offerings in 2026 alone, with share count rising roughly 90x during the year) yields an intrinsic value of approximately $1.90/share

Reasoning: C3is is debt-free with strong current fleet earnings and $33.2M of cash and time deposits, but it has a track record (shared with affiliated shipping issuers from the same sponsor group) of transferring nearly all balance-sheet value away from existing holders via resettable warrants and serial at-the-market offerings, so an undiscounted NAV or standard DCF would badly overstate value to a holder of today's shares; heavily discounting NAV for this dilution risk is the more defensible approach