CORSAIR GAMING INC (CRSR)
US22041X1028 - Common Stock
Overall CRSR gets a fundamental rating of 5 out of 10. We evaluated CRSR against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. CRSR has an average financial health and profitability rating. CRSR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CRSR had positive earnings in the past year.
In the past year CRSR had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CRSR reported negative net income in multiple years.
Each year in the past 5 years CRSR had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.23%, CRSR perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
CRSR has a Return On Equity of 0.47%. This is in the better half of the industry: CRSR outperforms 65.63% of its industry peers.
CRSR has a Return On Invested Capital of 0.81%. This is comparable to the rest of the industry: CRSR outperforms 46.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 0.47% | ||
| ROIC | 0.81% |
ROA(3y)1.03%
ROA(5y)2.03%
ROE(3y)2.83%
ROE(5y)5.64%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
CRSR has a Profit Margin of 0.21%. This is comparable to the rest of the industry: CRSR outperforms 53.13% of its industry peers.
CRSR's Profit Margin has declined in the last couple of years.
CRSR has a Operating Margin (0.66%) which is comparable to the rest of the industry.
CRSR's Operating Margin has declined in the last couple of years.
CRSR has a Gross Margin (24.68%) which is in line with its industry peers.
In the last couple of years the Gross Margin of CRSR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.66% | ||
| PM (TTM) | 0.21% | ||
| GM | 24.68% |
OM growth 3Y-58.61%
OM growth 5Y-22.18%
PM growth 3Y-66.98%
PM growth 5YN/A
GM growth 3Y-3.35%
GM growth 5Y3.73%
2. Health
2.1 Basic Checks
CRSR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CRSR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CRSR has more shares outstanding
CRSR has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.41 indicates that CRSR is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of CRSR (2.41) is comparable to the rest of the industry.
CRSR has a debt to FCF ratio of 2.59. This is a good value and a sign of high solvency as CRSR would need 2.59 years to pay back of all of its debts.
The Debt to FCF ratio of CRSR (2.59) is better than 75.00% of its industry peers.
CRSR has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
CRSR has a Debt to Equity ratio of 0.28. This is comparable to the rest of the industry: CRSR outperforms 46.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.59 | ||
| Altman-Z | 2.41 |
ROIC/WACC0.08
WACC10%
2.3 Liquidity
CRSR has a Current Ratio of 1.70. This is a normal value and indicates that CRSR is financially healthy and should not expect problems in meeting its short term obligations.
CRSR has a Current ratio of 1.70. This is comparable to the rest of the industry: CRSR outperforms 40.63% of its industry peers.
CRSR has a Quick Ratio of 1.13. This is a normal value and indicates that CRSR is financially healthy and should not expect problems in meeting its short term obligations.
CRSR has a Quick ratio (1.13) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 223.53% over the past year.
CRSR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -70.26% yearly.
CRSR shows a small growth in Revenue. In the last year, the Revenue has grown by 6.17%.
Measured over the past years, CRSR shows a quite strong growth in Revenue. The Revenue has been growing by 9.26% on average per year.
EPS 1Y (TTM)223.53%
EPS 3Y-70.26%
EPS 5YN/A
EPS growth Q2Q10%
Revenue 1Y (TTM)6.17%
Revenue growth 3Y-4.99%
Revenue growth 5Y9.26%
Revenue growth Q2Q4.66%
3.2 Future
CRSR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.19% yearly.
CRSR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.42% yearly.
EPS Next Y33%
EPS Next 2Y31.41%
EPS Next 3Y25.19%
EPS Next 5YN/A
Revenue Next Year3.93%
Revenue Next 2Y7.26%
Revenue Next 3Y8.42%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.05, the valuation of CRSR can be described as rather expensive.
Based on the Price/Earnings ratio, CRSR is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.06, CRSR is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.83, which indicates a correct valuation of CRSR.
Based on the Price/Forward Earnings ratio, CRSR is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
CRSR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.05 | ||
| Fwd PE | 15.83 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CRSR is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CRSR indicates a somewhat cheap valuation: CRSR is cheaper than 62.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.66 | ||
| EV/EBITDA | 19.61 |
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.
CRSR's earnings are expected to grow with 25.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.64
PEG (5Y)N/A
EPS Next 2Y31.41%
EPS Next 3Y25.19%
5. Dividend
5.1 Amount
No dividends for CRSR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CORSAIR GAMING INC
NASDAQ:CRSR (5/2/2024, 7:00:00 PM)
After market: 11.58 0 (0%)11.58
+0.32 (+2.84%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.20B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.05 | ||
| Fwd PE | 15.83 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.64
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 0.47% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 0.66% | ||
| PM (TTM) | 0.21% | ||
| GM | 24.68% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.7 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)223.53%
EPS 3Y-70.26%
EPS 5Y
EPS growth Q2Q
EPS Next Y33%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.17%
Revenue growth 3Y-4.99%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y