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CREDO TECHNOLOGY GROUP HOLDI (CRDO) Stock Fundamental Analysis

NASDAQ:CRDO - Nasdaq - KYG254571055 - Common Stock - Currency: USD

71.28  -0.48 (-0.67%)

Premarket: 72.06 +0.78 (+1.09%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CRDO. CRDO was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. CRDO has a great financial health rating, but its profitability evaluates not so good. CRDO is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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1

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.
CRDO had negative earnings in each of the past 5 years.
In the past 5 years CRDO reported 4 times negative operating cash flow.
CRDO Yearly Net Income VS EBIT VS OCF VS FCFCRDO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 20M -20M -40M

1.2 Ratios

CRDO's Return On Assets of -3.73% is on the low side compared to the rest of the industry. CRDO is outperformed by 64.81% of its industry peers.
Looking at the Return On Equity, with a value of -4.19%, CRDO is doing worse than 62.04% of the companies in the same industry.
Industry RankSector Rank
ROA -3.73%
ROE -4.19%
ROIC N/A
ROA(3y)-4.92%
ROA(5y)-6.49%
ROE(3y)-5.55%
ROE(5y)-7.19%
ROIC(3y)N/A
ROIC(5y)N/A
CRDO Yearly ROA, ROE, ROICCRDO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

CRDO's Gross Margin of 63.24% is amongst the best of the industry. CRDO outperforms 87.96% of its industry peers.
In the last couple of years the Gross Margin of CRDO has declined.
The Profit Margin and Operating Margin are not available for CRDO so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 63.24%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.74%
GM growth 5YN/A
CRDO Yearly Profit, Operating, Gross MarginsCRDO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

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8

2. Health

2.1 Basic Checks

CRDO does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CRDO has been increased compared to 1 year ago.
CRDO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CRDO Yearly Shares OutstandingCRDO Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M
CRDO Yearly Total Debt VS Total AssetsCRDO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

CRDO has an Altman-Z score of 102.04. This indicates that CRDO is financially healthy and has little risk of bankruptcy at the moment.
CRDO has a better Altman-Z score (102.04) than 99.07% of its industry peers.
CRDO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 102.04
ROIC/WACCN/A
WACC11.93%
CRDO Yearly LT Debt VS Equity VS FCFCRDO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

2.3 Liquidity

A Current Ratio of 10.84 indicates that CRDO has no problem at all paying its short term obligations.
CRDO has a better Current ratio (10.84) than 97.22% of its industry peers.
A Quick Ratio of 10.11 indicates that CRDO has no problem at all paying its short term obligations.
CRDO has a Quick ratio of 10.11. This is amongst the best in the industry. CRDO outperforms 97.22% of its industry peers.
Industry RankSector Rank
Current Ratio 10.84
Quick Ratio 10.11
CRDO Yearly Current Assets VS Current LiabilitesCRDO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 2300.00% over the past year.
Looking at the last year, CRDO shows a very strong growth in Revenue. The Revenue has grown by 48.40%.
CRDO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 48.69% yearly.
EPS 1Y (TTM)2300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%600%
Revenue 1Y (TTM)48.4%
Revenue growth 3Y48.69%
Revenue growth 5YN/A
Sales Q2Q%63.58%

3.2 Future

CRDO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 113.11% yearly.
The Revenue is expected to grow by 48.01% on average over the next years. This is a very strong growth
EPS Next Y483.89%
EPS Next 2Y240.32%
EPS Next 3Y150.77%
EPS Next 5Y113.11%
Revenue Next Year102.31%
Revenue Next 2Y77.77%
Revenue Next 3Y58.08%
Revenue Next 5Y48.01%

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 stable.
CRDO Yearly Revenue VS EstimatesCRDO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M
CRDO Yearly EPS VS EstimatesCRDO Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1 1.5

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 324.00 indicates a quite expensive valuation of CRDO.
62.04% of the companies in the same industry are cheaper than CRDO, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 30.30. CRDO is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 68.38 indicates a quite expensive valuation of CRDO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CRDO is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.06. CRDO is valued rather expensively when compared to this.
Industry RankSector Rank
PE 324
Fwd PE 68.38
CRDO Price Earnings VS Forward Price EarningsCRDO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 100 200 300

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
CRDO Per share dataCRDO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

CRDO'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 CRDO's earnings are expected to grow with 150.77% in the coming years.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y240.32%
EPS Next 3Y150.77%

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0

5. Dividend

5.1 Amount

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

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CREDO TECHNOLOGY GROUP HOLDI

NASDAQ:CRDO (2/20/2025, 8:08:31 PM)

Premarket: 72.06 +0.78 (+1.09%)

71.28

-0.48 (-0.67%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)12-02 2024-12-02/amc
Earnings (Next)03-04 2025-03-04/amc
Inst Owners75%
Inst Owner ChangeN/A
Ins Owners16.08%
Ins Owner Change1.38%
Market Cap11.92B
Analysts83.16
Price Target81.77 (14.72%)
Short Float %4.92%
Short Ratio1.35
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)12.68%
Min EPS beat(2)-4.12%
Max EPS beat(2)29.49%
EPS beat(4)3
Avg EPS beat(4)21.26%
Min EPS beat(4)-4.12%
Max EPS beat(4)32.26%
EPS beat(8)6
Avg EPS beat(8)77.02%
EPS beat(12)9
Avg EPS beat(12)212.05%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)2.03%
Min Revenue beat(2)-1.68%
Max Revenue beat(2)5.74%
Revenue beat(4)1
Avg Revenue beat(4)0.54%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)5.74%
Revenue beat(8)4
Avg Revenue beat(8)0.42%
Revenue beat(12)6
Avg Revenue beat(12)0.74%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)8.82%
PT rev (3m)110.97%
EPS NQ rev (1m)69.07%
EPS NQ rev (3m)71.35%
EPS NY rev (1m)0.32%
EPS NY rev (3m)44.14%
Revenue NQ rev (1m)39.52%
Revenue NQ rev (3m)41.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)22.34%
Valuation
Industry RankSector Rank
PE 324
Fwd PE 68.38
P/S 48.54
P/FCF N/A
P/OCF 1932.07
P/B 20.99
P/tB 20.99
EV/EBITDA N/A
EPS(TTM)0.22
EY0.31%
EPS(NY)1.04
Fwd EY1.46%
FCF(TTM)-0.18
FCFYN/A
OCF(TTM)0.04
OCFY0.05%
SpS1.47
BVpS3.4
TBVpS3.4
PEG (NY)0.67
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.73%
ROE -4.19%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 63.24%
FCFM N/A
ROA(3y)-4.92%
ROA(5y)-6.49%
ROE(3y)-5.55%
ROE(5y)-7.19%
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-1.74%
GM growth 5YN/A
F-Score6
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 220.95%
Cap/Sales 14.7%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 10.84
Quick Ratio 10.11
Altman-Z 102.04
F-Score6
WACC11.93%
ROIC/WACCN/A
Cap/Depr(3y)236.32%
Cap/Depr(5y)293.96%
Cap/Sales(3y)12.13%
Cap/Sales(5y)12.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%600%
EPS Next Y483.89%
EPS Next 2Y240.32%
EPS Next 3Y150.77%
EPS Next 5Y113.11%
Revenue 1Y (TTM)48.4%
Revenue growth 3Y48.69%
Revenue growth 5YN/A
Sales Q2Q%63.58%
Revenue Next Year102.31%
Revenue Next 2Y77.77%
Revenue Next 3Y58.08%
Revenue Next 5Y48.01%
EBIT growth 1Y10.59%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year3630.58%
EBIT Next 3Y370.07%
EBIT Next 5Y222.84%
FCF growth 1Y-0.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y196.86%
OCF growth 3YN/A
OCF growth 5YN/A