CN Energy Group. Inc.

AI-generated fair value estimate for this company.

Method: Adjusted net asset value: trailing total shareholders' equity of $58.12M divided by 12.26M shares = $4.74 book value per share, haircut 65% (0.35x multiplier) for impairment and going-concern risk.

Reasoning: CN Energy Group has negative free cash flow, minimal cash ($0.39M), and volatile revenue (FY2025 revenue down 30% to $35.57M), making a cash-flow DCF unreliable; because its book value is backed by tangible manufacturing assets (activated-carbon production and biomass power facilities) rather than financial receivables, a smaller haircut than a pure loan-book lender like CNF is applied, though a meaningful discount is still warranted given recent Nasdaq minimum-bid-price compliance issues and thin liquidity.