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Intchains Group Limited American Depositary Shares (ICG)



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Upturn Advisory Summary
06/30/2025: ICG (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $7.25
1 Year Target Price $7.25
1 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -47.06% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 99.01M USD | Price to earnings Ratio 20.5 | 1Y Target Price 7.25 |
Price to earnings Ratio 20.5 | 1Y Target Price 7.25 | ||
Volume (30-day avg) 2 | Beta 1.89 | 52 Weeks Range 1.19 - 12.04 | Updated Date 06/29/2025 |
52 Weeks Range 1.19 - 12.04 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.08 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.28% | Operating Margin (TTM) 27.89% |
Management Effectiveness
Return on Assets (TTM) 4.68% | Return on Equity (TTM) 3.36% |
Valuation
Trailing PE 20.5 | Forward PE - | Enterprise Value 26481067 | Price to Sales(TTM) 0.25 |
Enterprise Value 26481067 | Price to Sales(TTM) 0.25 | ||
Enterprise Value to Revenue 0.49 | Enterprise Value to EBITDA 1.56 | Shares Outstanding 28375400 | Shares Floating 25091600 |
Shares Outstanding 28375400 | Shares Floating 25091600 | ||
Percent Insiders - | Percent Institutions 0.7 |
Analyst Ratings
Rating 2 | Target Price 7.25 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Intchains Group Limited American Depositary Shares
Company Overview
History and Background
Intchains Group Limited, through its subsidiaries, designs and sells integrated circuits (ICs) and provides related system solutions in China. It was founded in 2017 and initially focused on ASIC chips for cryptocurrency mining before diversifying.
Core Business Areas
- ASIC Chip Design and Sales: Design and sale of Application-Specific Integrated Circuit (ASIC) chips, primarily for blockchain applications but expanding to other areas. Focus on high performance and energy efficiency.
- System Solutions: Providing system solutions that integrate their ASIC chips into various applications, offering value-added services and support to customers.
Leadership and Structure
The company's leadership team includes CEO and key executives with expertise in semiconductor design and blockchain technology. The organizational structure is based around product development, sales, and operations, with a focus on R&D.
Top Products and Market Share
Key Offerings
- ASIC Chips for Cryptocurrency Mining: High-performance ASIC chips designed for mining cryptocurrencies like Bitcoin and Ethereum (historically). The market share fluctuates significantly based on cryptocurrency prices and mining difficulty. Competitors include Bitmain and Canaan.
- ASIC Chips for Data Centers and Other Applications: Developing ASIC chips for other sectors beyond cryptocurrency, such as data centers and AI applications. Market share is still nascent but growing. Competitors vary based on the specific application.
Market Dynamics
Industry Overview
The semiconductor industry is highly competitive and cyclical, with rapid technological advancements. The demand for ASIC chips is driven by the growth of blockchain technologies, AI, and data centers.
Positioning
Intchains Group Limited is positioned as a specialized ASIC chip designer, focusing on high performance and energy efficiency. They aim to compete with larger players by offering tailored solutions and faster innovation.
Total Addressable Market (TAM)
The total addressable market for ASIC chips is estimated to be in the tens of billions of dollars annually. Intchains' current market share is relatively small but has significant potential for growth if they can successfully diversify into new application areas.
Upturn SWOT Analysis
Strengths
- Specialized expertise in ASIC chip design
- Focus on high performance and energy efficiency
- Strong relationships with key customers in the blockchain industry (historically)
- Agile and innovative development team
Weaknesses
- High dependence on the volatile cryptocurrency market (historically)
- Limited brand recognition compared to larger competitors
- Smaller scale operations
- Limited financial resources
Opportunities
- Diversification into new application areas, such as data centers and AI
- Expansion into international markets
- Strategic partnerships with leading technology companies
- Government support for the semiconductor industry in China
Threats
- Intense competition from larger and more established players
- Rapid technological advancements
- Fluctuations in cryptocurrency prices
- Geopolitical risks and trade tensions
Competitors and Market Share
Key Competitors
- Bitmain (Private)
- Canaan (CAN)
- Nvidia (NVDA)
- AMD (AMD)
Competitive Landscape
Intchains faces stiff competition from established players with greater resources. To compete, Intchains focuses on specialized solutions, agility, and strategic partnerships. Their future success hinges on successful diversification and technology leadership in niche applications.
Growth Trajectory and Initiatives
Historical Growth: Historical data is not publicly available in a structured way. Investors need to refer to company reports.
Future Projections: Projections is not publicly available in a structured way. Investors need to refer to company reports and Analyst estimates.
Recent Initiatives: Focus on diversification of ASIC chip applications beyond cryptocurrency mining, expanding into data centers and AI. Strategic partnerships to enhance market reach.
Summary
Intchains Group Limited faces a challenging environment in the semiconductor market. While the company has demonstrated an ability to innovate in the past, it now faces increased competition and macroeconomic uncertainty. Diversification remains key to its success but the lack of publicly available information makes this difficult to assess. Strategic partnerships and technological advancements are likely important factors moving forward.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Third-party Industry Reports
- Analyst Estimates (where available)
Disclaimers:
The information provided is based on publicly available data and analyst estimates. Due to limited and incomplete data, the accuracy of the assessment can vary. This analysis should not be considered as investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Intchains Group Limited American Depositary Shares
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2023-03-16 | Chairman & CEO Mr. Qiang Ding | ||
Sector Technology | Industry Semiconductors | Full time employees 133 | Website https://intchains.com |
Full time employees 133 | Website https://intchains.com |
Intchains Group Limited engages in the provision of altcoin mining products in the People's Republic of China. It focuses on designing and sales of application-specific integrated circuit chips for blockchain applications. The company also offers Xihe Platform, which integrates self-developed blockchain proof-of-work algorithms and related cryptographic algorithms, as well as systematic data analysis process. In addition, it offers ancillary software, hardware, and other products. It serves distributors. Intchains Group Limited was founded in 2017 and is based in Pudong, China.
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