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CORSAIR GAMING INC (CRSR) Stock Fundamental Analysis

NASDAQ:CRSR - Nasdaq - US22041X1028 - Common Stock - Currency: USD

8.86  -0.05 (-0.56%)

After market: 8.86 0 (0%)

Fundamental Rating

4

Overall CRSR gets a fundamental rating of 4 out of 10. We evaluated CRSR against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. The financial health of CRSR is average, but there are quite some concerns on its profitability. CRSR is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year CRSR has reported negative net income.
In the past year CRSR had a positive cash flow from operations.
In multiple years CRSR reported negative net income over the last 5 years.
CRSR had a positive operating cash flow in each of the past 5 years.
CRSR Yearly Net Income VS EBIT VS OCF VS FCFCRSR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M 150M

1.2 Ratios

CRSR has a Return On Assets (-7.80%) which is in line with its industry peers.
With a Return On Equity value of -15.89%, CRSR perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
Industry RankSector Rank
ROA -7.8%
ROE -15.89%
ROIC N/A
ROA(3y)-4.16%
ROA(5y)0.58%
ROE(3y)-8.57%
ROE(5y)3.13%
ROIC(3y)N/A
ROIC(5y)N/A
CRSR Yearly ROA, ROE, ROICCRSR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

CRSR's Gross Margin of 25.45% is in line compared to the rest of the industry. CRSR outperforms 40.63% of its industry peers.
CRSR's Gross Margin has improved in the last couple of years.
CRSR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 25.45%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.67%
GM growth 5Y4.01%
CRSR Yearly Profit, Operating, Gross MarginsCRSR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 10 20

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5

2. Health

2.1 Basic Checks

CRSR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CRSR has more shares outstanding
The number of shares outstanding for CRSR has been increased compared to 5 years ago.
Compared to 1 year ago, CRSR has an improved debt to assets ratio.
CRSR Yearly Shares OutstandingCRSR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
CRSR Yearly Total Debt VS Total AssetsCRSR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 2.01 indicates that CRSR is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.01, CRSR perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
CRSR has a debt to FCF ratio of 2.11. This is a good value and a sign of high solvency as CRSR would need 2.11 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.11, CRSR belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
CRSR has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of CRSR (0.22) is better than 65.63% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.11
Altman-Z 2.01
ROIC/WACCN/A
WACC8.3%
CRSR Yearly LT Debt VS Equity VS FCFCRSR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 1.52 indicates that CRSR should not have too much problems paying its short term obligations.
The Current ratio of CRSR (1.52) is comparable to the rest of the industry.
CRSR has a Quick Ratio of 1.52. This is a bad value and indicates that CRSR is not financially healthy enough and could expect problems in meeting its short term obligations.
CRSR has a Quick ratio (0.85) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.52
Quick Ratio 0.85
CRSR Yearly Current Assets VS Current LiabilitesCRSR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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4

3. Growth

3.1 Past

The earnings per share for CRSR have decreased strongly by -103.77% in the last year.
The Revenue has decreased by -6.53% in the past year.
Measured over the past years, CRSR shows a small growth in Revenue. The Revenue has been growing by 3.71% on average per year.
EPS 1Y (TTM)-103.77%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.22%
Revenue 1Y (TTM)-6.53%
Revenue growth 3Y-11.58%
Revenue growth 5Y3.71%
Sales Q2Q%9.63%

3.2 Future

Based on estimates for the next years, CRSR will show a very strong growth in Earnings Per Share. The EPS will grow by 195.53% on average per year.
Based on estimates for the next years, CRSR will show a quite strong growth in Revenue. The Revenue will grow by 11.06% on average per year.
EPS Next Y1366.08%
EPS Next 2Y354.97%
EPS Next 3Y195.53%
EPS Next 5YN/A
Revenue Next Year15.11%
Revenue Next 2Y12.54%
Revenue Next 3Y11.06%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CRSR Yearly Revenue VS EstimatesCRSR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
CRSR Yearly EPS VS EstimatesCRSR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

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5

4. Valuation

4.1 Price/Earnings Ratio

CRSR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 11.84, the valuation of CRSR can be described as reasonable.
Based on the Price/Forward Earnings ratio, CRSR is valued a bit cheaper than the industry average as 71.88% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.36, CRSR is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 11.84
CRSR Price Earnings VS Forward Price EarningsCRSR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200 -300 -400

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CRSR indicates a slightly more expensive valuation: CRSR is more expensive than 62.50% of the companies listed in the same industry.
CRSR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CRSR is cheaper than 84.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.31
EV/EBITDA 93.98
CRSR Per share dataCRSR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

CRSR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CRSR's earnings are expected to grow with 195.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y354.97%
EPS Next 3Y195.53%

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0

5. Dividend

5.1 Amount

No dividends for CRSR!.
Industry RankSector Rank
Dividend Yield N/A

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CORSAIR GAMING INC

NASDAQ:CRSR (8/7/2025, 4:01:59 PM)

After market: 8.86 0 (0%)

8.86

-0.05 (-0.56%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)08-07 2025-08-07/amc
Inst Owners36.87%
Inst Owner Change-0.24%
Ins Owners0.6%
Ins Owner Change0.19%
Market Cap937.57M
Analysts78.33
Price Target10.88 (22.8%)
Short Float %6.05%
Short Ratio5.19
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)12.69%
Min EPS beat(2)-11.84%
Max EPS beat(2)37.22%
EPS beat(4)1
Avg EPS beat(4)-199.32%
Min EPS beat(4)-578.4%
Max EPS beat(4)37.22%
EPS beat(8)2
Avg EPS beat(8)-106.27%
EPS beat(12)5
Avg EPS beat(12)-356.17%
EPS beat(16)6
Avg EPS beat(16)-270.62%
Revenue beat(2)1
Avg Revenue beat(2)1.76%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)4.54%
Revenue beat(4)1
Avg Revenue beat(4)-2.41%
Min Revenue beat(4)-11.76%
Max Revenue beat(4)4.54%
Revenue beat(8)2
Avg Revenue beat(8)-2.59%
Revenue beat(12)4
Avg Revenue beat(12)-2.52%
Revenue beat(16)6
Avg Revenue beat(16)-2.43%
PT rev (1m)0%
PT rev (3m)-11.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.92%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.09%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)-0.85%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 11.84
P/S 0.7
P/FCF 13.31
P/OCF 11.58
P/B 1.54
P/tB 9.49
EV/EBITDA 93.98
EPS(TTM)-0.02
EYN/A
EPS(NY)0.75
Fwd EY8.44%
FCF(TTM)0.67
FCFY7.51%
OCF(TTM)0.76
OCFY8.63%
SpS12.75
BVpS5.75
TBVpS0.93
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -7.8%
ROE -15.89%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 25.45%
FCFM 5.22%
ROA(3y)-4.16%
ROA(5y)0.58%
ROE(3y)-8.57%
ROE(5y)3.13%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.67%
GM growth 5Y4.01%
F-Score4
Asset Turnover1.09
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 2.11
Debt/EBITDA 12.93
Cap/Depr 20.02%
Cap/Sales 0.78%
Interest Coverage N/A
Cash Conversion 767.1%
Profit Quality N/A
Current Ratio 1.52
Quick Ratio 0.85
Altman-Z 2.01
F-Score4
WACC8.3%
ROIC/WACCN/A
Cap/Depr(3y)31.17%
Cap/Depr(5y)27.74%
Cap/Sales(3y)1.18%
Cap/Sales(5y)0.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-103.77%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%22.22%
EPS Next Y1366.08%
EPS Next 2Y354.97%
EPS Next 3Y195.53%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.53%
Revenue growth 3Y-11.58%
Revenue growth 5Y3.71%
Sales Q2Q%9.63%
Revenue Next Year15.11%
Revenue Next 2Y12.54%
Revenue Next 3Y11.06%
Revenue Next 5YN/A
EBIT growth 1Y-2526.83%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year141.13%
EBIT Next 3Y59.51%
EBIT Next 5YN/A
FCF growth 1Y-19.68%
FCF growth 3Y41.25%
FCF growth 5Y-1.6%
OCF growth 1Y-29.18%
OCF growth 3Y21.1%
OCF growth 5Y-0.67%