Overall CRDO gets a fundamental rating of 7 out of 10. We evaluated CRDO against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. CRDO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. CRDO is growing strongly while it is still valued neutral. This is a good combination! This makes CRDO very considerable for growth investing!

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year CRDO was profitable.
In the past year CRDO had a positive cash flow from operations.
In the past 5 years CRDO reported 4 times negative net income.
In multiple years CRDO reported negative operating cash flow during the last 5 years.

1.2 Ratios

The Return On Assets of CRDO (14.63%) is better than 89.38% of its industry peers.
The Return On Equity of CRDO (16.48%) is better than 81.42% of its industry peers.
CRDO's Return On Invested Capital of 12.09% is amongst the best of the industry. CRDO outperforms 84.96% of its industry peers.

		Industry Rank	Sector Rank
ROA	14.63%
ROE	16.48%
ROIC	12.09%

ROA(3y)-0.81%

ROA(5y)-5.2%

ROE(3y)-0.78%

ROE(5y)-5.66%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

CRDO has a better Profit Margin (26.63%) than 83.19% of its industry peers.
CRDO has a Operating Margin of 25.17%. This is amongst the best in the industry. CRDO outperforms 83.19% of its industry peers.
In the last couple of years the Operating Margin of CRDO has grown nicely.
CRDO's Gross Margin of 66.76% is amongst the best of the industry. CRDO outperforms 90.27% of its industry peers.
CRDO's Gross Margin has declined in the last couple of years.

		Industry Rank	Sector Rank
OM	25.17%
PM (TTM)	26.63%
GM	66.76%

OM growth 3YN/A

OM growth 5Y17.38%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y2.53%

GM growth 5Y-5.44%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CRDO is still creating some value.
The number of shares outstanding for CRDO has been increased compared to 1 year ago.
The number of shares outstanding for CRDO has been increased compared to 5 years ago.
CRDO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

An Altman-Z score of 85.18 indicates that CRDO is not in any danger for bankruptcy at the moment.
The Altman-Z score of CRDO (85.18) is better than 98.23% of its industry peers.
There is no outstanding debt for CRDO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	0
Altman-Z	85.18

ROIC/WACC1.1

WACC10.95%

2.3 Liquidity

CRDO has a Current Ratio of 8.86. This indicates that CRDO is financially healthy and has no problem in meeting its short term obligations.
CRDO's Current ratio of 8.86 is amongst the best of the industry. CRDO outperforms 91.15% of its industry peers.
A Quick Ratio of 7.79 indicates that CRDO has no problem at all paying its short term obligations.
CRDO's Quick ratio of 7.79 is amongst the best of the industry. CRDO outperforms 92.04% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	8.86
Quick Ratio	7.79

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

CRDO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 713.64%, which is quite impressive.
CRDO shows a strong growth in Revenue. In the last year, the Revenue has grown by 224.17%.
CRDO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 52.02% yearly.

EPS 1Y (TTM)713.64%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%857.14%

Revenue 1Y (TTM)224.17%

Revenue growth 3Y60.07%

Revenue growth 5Y52.02%

Sales Q2Q%272.08%

3.2 Future

Based on estimates for the next years, CRDO will show a very strong growth in Earnings Per Share. The EPS will grow by 52.81% on average per year.
Based on estimates for the next years, CRDO will show a very strong growth in Revenue. The Revenue will grow by 46.20% on average per year.

EPS Next Y299.16%

EPS Next 2Y129.96%

EPS Next 3Y86.47%

EPS Next 5Y52.81%

Revenue Next Year178.28%

Revenue Next 2Y95.9%

Revenue Next 3Y70.95%

Revenue Next 5Y46.2%

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 69.99 indicates a quite expensive valuation of CRDO.
CRDO's Price/Earnings is on the same level as the industry average.
CRDO's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.32.
Based on the Price/Forward Earnings ratio of 33.37, the valuation of CRDO can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRDO indicates a somewhat cheap valuation: CRDO is cheaper than 63.72% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CRDO to the average of the S&P500 Index (25.57), we can say CRDO is valued slightly more expensively.

		Industry Rank	Sector Rank
PE	69.99
Fwd PE	33.37

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CRDO is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CRDO is on the same level as its industry peers.

		Industry Rank	Sector Rank
P/FCF	157.58
EV/EBITDA	95.81

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CRDO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CRDO's earnings are expected to grow with 86.47% in the coming years.