CORSAIR GAMING INC (CRSR) Stock Fundamental Analysis
USA - NASDAQ:CRSR - US22041X1028 - Common Stock
8.03 USD
+0.06 (+0.75%)
8.04 USD
+0.01 (+0.12%)
We assign a fundamental rating of 4 out of 10 to CRSR. CRSR was compared to 33 industry peers in the Technology Hardware, Storage & Peripherals industry. CRSR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. CRSR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CRSR was profitable.
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.
In the past 5 years CRSR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -6.88%, CRSR is in line with its industry, outperforming 54.55% of the companies in the same industry.
CRSR has a Return On Equity of -13.93%. This is in the better half of the industry: CRSR outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.88% | ||
| ROE | -13.93% | ||
| 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
1.3 Margins
With a Gross Margin value of 26.01%, CRSR perfoms like the industry average, outperforming 42.42% of the companies in the same industry.
In the last couple of years the Gross Margin of CRSR has grown nicely.
The Profit Margin and Operating Margin are not available for CRSR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 26.01% |
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%
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
Compared to 5 years ago, CRSR has more shares outstanding
CRSR has a better debt/assets ratio than last year.
2.2 Solvency
CRSR has an Altman-Z score of 1.97. This is not the best score and indicates that CRSR is in the grey zone with still only limited risk for bankruptcy at the moment.
CRSR has a Altman-Z score (1.97) which is comparable to the rest of the industry.
The Debt to FCF ratio of CRSR is 1.05, which is an excellent value as it means it would take CRSR, only 1.05 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.05, CRSR belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that CRSR is not too dependend on debt financing.
CRSR's Debt to Equity ratio of 0.20 is fine compared to the rest of the industry. CRSR outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.05 | ||
| Altman-Z | 1.97 |
ROIC/WACCN/A
WACC8.17%
2.3 Liquidity
A Current Ratio of 1.45 indicates that CRSR should not have too much problems paying its short term obligations.
CRSR's Current ratio of 1.45 is in line compared to the rest of the industry. CRSR outperforms 48.48% of its industry peers.
CRSR has a Quick Ratio of 1.45. 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 worse Quick ratio (0.75) than 60.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The earnings per share for CRSR have decreased strongly by -83.78% in the last year.
CRSR shows a small growth in Revenue. In the last year, the Revenue has grown by 2.08%.
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)-83.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%114.29%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y-11.58%
Revenue growth 5Y3.71%
Sales Q2Q%22.51%
3.2 Future
The Earnings Per Share is expected to grow by 192.43% on average over the next years. This is a very strong growth
Based on estimates for the next years, CRSR will show a quite strong growth in Revenue. The Revenue will grow by 11.73% on average per year.
EPS Next Y1406.03%
EPS Next 2Y348.72%
EPS Next 3Y192.43%
EPS Next 5YN/A
Revenue Next Year16.93%
Revenue Next 2Y13.61%
Revenue Next 3Y11.73%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 133.83, which means the current valuation is very expensive for CRSR.
Compared to the rest of the industry, the Price/Earnings ratio of CRSR is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.86, CRSR is valued quite expensively.
The Price/Forward Earnings ratio is 11.07, which indicates a very decent valuation of CRSR.
CRSR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CRSR is cheaper than 78.79% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CRSR to the average of the S&P500 Index (23.32), we can say CRSR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 133.83 | ||
| Fwd PE | 11.07 |
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.
90.91% of the companies in the same industry are more expensive than CRSR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.16 | ||
| EV/EBITDA | 45.63 |
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 192.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y348.72%
EPS Next 3Y192.43%
5. Dividend
5.1 Amount
No dividends for CRSR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
8.03
+0.06 (+0.75%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners36.53%
Inst Owner Change-0.29%
Ins Owners0.64%
Ins Owner Change-0.01%
Market Cap851.50M
Analysts78.33
Price Target11.39 (41.84%)
Short Float %5.62%
Short Ratio4.05
Dividend
| Industry Rank | Sector 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)0
Avg EPS beat(2)-37.77%
Min EPS beat(2)-63.69%
Max EPS beat(2)-11.84%
EPS beat(4)1
Avg EPS beat(4)-154.18%
Min EPS beat(4)-578.4%
Max EPS beat(4)37.22%
EPS beat(8)1
Avg EPS beat(8)-114.48%
EPS beat(12)5
Avg EPS beat(12)-50.04%
EPS beat(16)6
Avg EPS beat(16)-274.04%
Revenue beat(2)1
Avg Revenue beat(2)-0.07%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)0.88%
Revenue beat(4)2
Avg Revenue beat(4)0.75%
Min Revenue beat(4)-1.39%
Max Revenue beat(4)4.54%
Revenue beat(8)3
Avg Revenue beat(8)-2.46%
Revenue beat(12)5
Avg Revenue beat(12)-1.36%
Revenue beat(16)6
Avg Revenue beat(16)-2.44%
PT rev (1m)0%
PT rev (3m)4.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)18.67%
EPS NY rev (1m)0%
EPS NY rev (3m)3.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 133.83 | ||
| Fwd PE | 11.07 | ||
| P/S | 0.6 | ||
| P/FCF | 7.16 | ||
| P/OCF | 6.57 | ||
| P/B | 1.41 | ||
| P/tB | 8.7 | ||
| EV/EBITDA | 45.63 |
EPS(TTM)0.06
EY0.75%
EPS(NY)0.73
Fwd EY9.03%
FCF(TTM)1.12
FCFY13.97%
OCF(TTM)1.22
OCFY15.22%
SpS13.28
BVpS5.69
TBVpS0.92
PEG (NY)0.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.88% | ||
| ROE | -13.93% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 26.01% | ||
| FCFM | 8.45% |
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-Score5
Asset Turnover1.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 1.05 | ||
| Debt/EBITDA | 6.24 | ||
| Cap/Depr | 19.99% | ||
| Cap/Sales | 0.75% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 683.79% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 1.97 |
F-Score5
WACC8.17%
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)-83.78%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%114.29%
EPS Next Y1406.03%
EPS Next 2Y348.72%
EPS Next 3Y192.43%
EPS Next 5YN/A
Revenue 1Y (TTM)2.08%
Revenue growth 3Y-11.58%
Revenue growth 5Y3.71%
Sales Q2Q%22.51%
Revenue Next Year16.93%
Revenue Next 2Y13.61%
Revenue Next 3Y11.73%
Revenue Next 5YN/A
EBIT growth 1Y-44.47%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year150.64%
EBIT Next 3Y58.35%
EBIT Next 5YN/A
FCF growth 1Y51.78%
FCF growth 3Y41.25%
FCF growth 5Y-1.6%
OCF growth 1Y29.21%
OCF growth 3Y21.1%
OCF growth 5Y-0.67%