CORSAIR GAMING INC (CRSR) Stock Fundamental Analysis
USA - NASDAQ:CRSR - US22041X1028 - Common Stock
5.77 USD
-0.3 (-4.94%)
5.88 USD
+0.11 (+1.91%)
Overall CRSR gets a fundamental rating of 4 out of 10. We evaluated CRSR against 35 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on CRSR.
1. Profitability
1.1 Basic Checks
CRSR had positive earnings in the past year.
CRSR had a positive operating cash flow in the past year.
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
With a Return On Assets value of -2.94%, CRSR perfoms like the industry average, outperforming 54.29% of the companies in the same industry.
With a decent Return On Equity value of -5.88%, CRSR is doing good in the industry, outperforming 65.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.94% | ||
| ROE | -5.88% | ||
| 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
CRSR's Gross Margin of 26.88% is in line compared to the rest of the industry. CRSR outperforms 45.71% of its industry peers.
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 | 26.88% |
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
CRSR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CRSR has an improved debt to assets ratio.
2.2 Solvency
CRSR has an Altman-Z score of 1.86. 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.
With a Altman-Z score value of 1.86, CRSR perfoms like the industry average, outperforming 51.43% of the companies in the same industry.
The Debt to FCF ratio of CRSR is 2.20, which is a good value as it means it would take CRSR, 2.20 years of fcf income to pay off all of its debts.
CRSR's Debt to FCF ratio of 2.20 is amongst the best of the industry. CRSR outperforms 82.86% of its industry peers.
CRSR has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.19, CRSR perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.2 | ||
| Altman-Z | 1.86 |
ROIC/WACCN/A
WACC8%
2.3 Liquidity
CRSR has a Current Ratio of 1.48. 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 (1.48) which is in line with its industry peers.
CRSR has a Quick Ratio of 1.48. This is a bad value and indicates that CRSR is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.72, CRSR is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
CRSR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 920.00%, which is quite impressive.
CRSR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.79%.
The Revenue has been growing slightly by 3.71% on average over the past years.
EPS 1Y (TTM)920%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120.69%
Revenue 1Y (TTM)9.79%
Revenue growth 3Y-11.58%
Revenue growth 5Y3.71%
Sales Q2Q%13.66%
3.2 Future
CRSR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 192.43% yearly.
The Revenue is expected to grow by 11.73% on average over the next years. This is quite good.
EPS Next Y1360.03%
EPS Next 2Y345.79%
EPS Next 3Y192.43%
EPS Next 5YN/A
Revenue Next Year16.86%
Revenue Next 2Y13.51%
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 14.07, which indicates a correct valuation of CRSR.
Based on the Price/Earnings ratio, CRSR is valued cheaper than 85.71% of the companies in the same industry.
CRSR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.56.
With a Price/Forward Earnings ratio of 8.07, the valuation of CRSR can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRSR indicates a rather cheap valuation: CRSR is cheaper than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.62, CRSR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.07 | ||
| Fwd PE | 8.07 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CRSR is valued a bit cheaper than 68.57% of the companies in the same industry.
CRSR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CRSR is cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.95 | ||
| EV/EBITDA | 19.16 |
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.
A more expensive valuation may be justified as CRSR's earnings are expected to grow with 192.43% in the coming years.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y345.79%
EPS Next 3Y192.43%
5. Dividend
5.1 Amount
CRSR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
5.77
-0.3 (-4.94%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners36.53%
Inst Owner Change1.56%
Ins Owners0.64%
Ins Owner Change0.14%
Market Cap611.85M
Revenue(TTM)1.45B
Net Income(TTM)-35.27M
Analysts77.14
Price Target11.35 (96.71%)
Short Float %6.65%
Short Ratio4.45
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)-47.3%
Min EPS beat(2)-63.69%
Max EPS beat(2)-30.9%
EPS beat(4)1
Avg EPS beat(4)-17.3%
Min EPS beat(4)-63.69%
Max EPS beat(4)37.22%
EPS beat(8)1
Avg EPS beat(8)-117.71%
EPS beat(12)4
Avg EPS beat(12)-75.78%
EPS beat(16)6
Avg EPS beat(16)-274.24%
Revenue beat(2)1
Avg Revenue beat(2)-1.69%
Min Revenue beat(2)-4.26%
Max Revenue beat(2)0.88%
Revenue beat(4)2
Avg Revenue beat(4)0.04%
Min Revenue beat(4)-4.26%
Max Revenue beat(4)4.54%
Revenue beat(8)2
Avg Revenue beat(8)-3.3%
Revenue beat(12)4
Avg Revenue beat(12)-1.88%
Revenue beat(16)6
Avg Revenue beat(16)-2.58%
PT rev (1m)-0.37%
PT rev (3m)2.69%
EPS NQ rev (1m)-3.76%
EPS NQ rev (3m)-1.42%
EPS NY rev (1m)-3.52%
EPS NY rev (3m)-0.48%
Revenue NQ rev (1m)-8.15%
Revenue NQ rev (3m)-4.27%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)1.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.07 | ||
| Fwd PE | 8.07 | ||
| P/S | 0.42 | ||
| P/FCF | 10.95 | ||
| P/OCF | 9.06 | ||
| P/B | 1.02 | ||
| P/tB | 5.74 | ||
| EV/EBITDA | 19.16 |
EPS(TTM)0.41
EY7.11%
EPS(NY)0.71
Fwd EY12.39%
FCF(TTM)0.53
FCFY9.13%
OCF(TTM)0.64
OCFY11.03%
SpS13.67
BVpS5.66
TBVpS1.01
PEG (NY)0.01
PEG (5Y)N/A
Graham Number7.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.94% | ||
| ROE | -5.88% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 26.88% | ||
| FCFM | 3.86% |
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
ROICexgc growth 3YN/A
ROICexgc 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-Score6
Asset Turnover1.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 2.2 | ||
| Debt/EBITDA | 3.34 | ||
| Cap/Depr | 21.62% | ||
| Cap/Sales | 0.8% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 193% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.48 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 1.86 |
F-Score6
WACC8%
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)920%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120.69%
EPS Next Y1360.03%
EPS Next 2Y345.79%
EPS Next 3Y192.43%
EPS Next 5YN/A
Revenue 1Y (TTM)9.79%
Revenue growth 3Y-11.58%
Revenue growth 5Y3.71%
Sales Q2Q%13.66%
Revenue Next Year16.86%
Revenue Next 2Y13.51%
Revenue Next 3Y11.73%
Revenue Next 5YN/A
EBIT growth 1Y57.05%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year150.64%
EBIT Next 3Y58.35%
EBIT Next 5YN/A
FCF growth 1Y54.38%
FCF growth 3Y41.25%
FCF growth 5Y-1.6%
OCF growth 1Y26.42%
OCF growth 3Y21.1%
OCF growth 5Y-0.67%
CORSAIR GAMING INC / CRSR FAQ
What is the ChartMill fundamental rating of CORSAIR GAMING INC (CRSR) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CRSR.
What is the valuation status for CRSR stock?
ChartMill assigns a valuation rating of 7 / 10 to CORSAIR GAMING INC (CRSR). This can be considered as Undervalued.
What is the profitability of CRSR stock?
CORSAIR GAMING INC (CRSR) has a profitability rating of 3 / 10.
Can you provide the expected EPS growth for CRSR stock?
The Earnings per Share (EPS) of CORSAIR GAMING INC (CRSR) is expected to grow by 1360.03% in the next year.