CORSAIR GAMING INC (CRSR)
US22041X1028 - Common Stock
We assign a fundamental rating of 3 out of 10 to CRSR. CRSR was compared to 31 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 is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CRSR had negative earnings in the past year.
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.
1.2 Ratios
CRSR has a Return On Assets of -7.84%. This is in the lower half of the industry: CRSR underperforms 66.67% of its industry peers.
With a Return On Equity value of -15.75%, CRSR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.84% | ||
| ROE | -15.75% | ||
| ROIC | N/A |
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's Profit Margin has declined in the last couple of years.
CRSR's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 24.40%, CRSR is doing worse than 63.33% of the companies in the same industry.
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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.4% |
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 does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CRSR has been increased compared to 1 year ago.
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
An Altman-Z score of 1.85 indicates that CRSR is not a great score, but indicates only limited risk for bankruptcy at the moment.
CRSR has a Altman-Z score of 1.85. This is comparable to the rest of the industry: CRSR outperforms 53.33% of its industry peers.
CRSR has a debt to FCF ratio of 6.57. This is a slightly negative value and a sign of low solvency as CRSR would need 6.57 years to pay back of all of its debts.
CRSR has a Debt to FCF ratio of 6.57. This is in the better half of the industry: CRSR outperforms 66.67% 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 in the better half of the industry: CRSR outperforms 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 1.85 |
ROIC/WACCN/A
WACC11.71%
2.3 Liquidity
A Current Ratio of 1.58 indicates that CRSR should not have too much problems paying its short term obligations.
CRSR has a Current ratio (1.58) which is comparable to the rest of the industry.
CRSR has a Quick Ratio of 1.58. This is a bad value and indicates that CRSR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CRSR (0.77) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The earnings per share for CRSR have decreased strongly by -109.43% in the last 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.
Looking at the last year, CRSR shows a decrease in Revenue. The Revenue has decreased by -8.41% in the last year.
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)-109.43%
EPS 3Y-70.26%
EPS 5YN/A
EPS Q2Q%-323.08%
Revenue 1Y (TTM)-8.41%
Revenue growth 3Y-4.99%
Revenue growth 5Y9.26%
Sales Q2Q%-16.24%
3.2 Future
Based on estimates for the next years, CRSR will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.37% on average per year.
Based on estimates for the next years, CRSR will show a small growth in Revenue. The Revenue will grow by 3.24% on average per year.
EPS Next Y-118.92%
EPS Next 2Y-2.27%
EPS Next 3Y12.37%
EPS Next 5YN/A
Revenue Next Year-12.18%
Revenue Next 2Y-0.13%
Revenue Next 3Y3.24%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CRSR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 14.41 indicates a correct valuation of CRSR.
63.33% of the companies in the same industry are more expensive than CRSR, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.67. CRSR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CRSR is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
66.67% 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 | 29.4 | ||
| EV/EBITDA | 122.58 |
4.3 Compensation for Growth
CRSR's earnings are expected to grow with 12.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.27%
EPS Next 3Y12.37%
5. Dividend
5.1 Amount
No dividends for CRSR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CORSAIR GAMING INC
NASDAQ:CRSR (1/6/2025, 6:22:32 PM)
After market: 7.565 0 (-0.07%)7.57
+0.48 (+6.77%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners29.83%
Inst Owner Change0.01%
Ins Owners3.2%
Ins Owner Change-0.01%
Market Cap792.58M
Analysts80
Price Target9.03 (19.29%)
Short Float %7.17%
Short Ratio6.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)-411.33%
Min EPS beat(2)-578.4%
Max EPS beat(2)-244.27%
EPS beat(4)0
Avg EPS beat(4)-218.11%
Min EPS beat(4)-578.4%
Max EPS beat(4)-12.43%
EPS beat(8)3
Avg EPS beat(8)-105.02%
EPS beat(12)5
Avg EPS beat(12)-359.89%
EPS beat(16)7
Avg EPS beat(16)-266.92%
Revenue beat(2)0
Avg Revenue beat(2)-6.57%
Min Revenue beat(2)-11.76%
Max Revenue beat(2)-1.39%
Revenue beat(4)0
Avg Revenue beat(4)-6.65%
Min Revenue beat(4)-11.76%
Max Revenue beat(4)-1.39%
Revenue beat(8)2
Avg Revenue beat(8)-2.83%
Revenue beat(12)4
Avg Revenue beat(12)-3.45%
Revenue beat(16)7
Avg Revenue beat(16)-1.48%
PT rev (1m)0%
PT rev (3m)-17.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-50.59%
EPS NY rev (1m)0%
EPS NY rev (3m)-131.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-16.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.41 | ||
| P/S | 0.6 | ||
| P/FCF | 29.4 | ||
| P/OCF | 21.21 | ||
| P/B | 1.32 | ||
| P/tB | 12.09 | ||
| EV/EBITDA | 122.58 |
EPS(TTM)-0.05
EYN/A
EPS(NY)0.53
Fwd EY6.94%
FCF(TTM)0.26
FCFY3.4%
OCF(TTM)0.36
OCFY4.72%
SpS12.61
BVpS5.72
TBVpS0.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.84% | ||
| ROE | -15.75% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.4% | ||
| FCFM | 2.04% |
ROA(3y)1.03%
ROA(5y)2.03%
ROE(3y)2.83%
ROE(5y)5.64%
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 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%
F-Score4
Asset Turnover1.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 6.57 | ||
| Debt/EBITDA | 23.5 | ||
| Cap/Depr | 20.51% | ||
| Cap/Sales | 0.79% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 532.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 1.85 |
F-Score4
WACC11.71%
ROIC/WACCN/A
Cap/Depr(3y)32.91%
Cap/Depr(5y)28.71%
Cap/Sales(3y)1.12%
Cap/Sales(5y)0.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-109.43%
EPS 3Y-70.26%
EPS 5YN/A
EPS Q2Q%-323.08%
EPS Next Y-118.92%
EPS Next 2Y-2.27%
EPS Next 3Y12.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.41%
Revenue growth 3Y-4.99%
Revenue growth 5Y9.26%
Sales Q2Q%-16.24%
Revenue Next Year-12.18%
Revenue Next 2Y-0.13%
Revenue Next 3Y3.24%
Revenue Next 5YN/A
EBIT growth 1Y-494.17%
EBIT growth 3Y-60.68%
EBIT growth 5Y-14.97%
EBIT Next Year-45.1%
EBIT Next 3Y12.98%
EBIT Next 5YN/A
FCF growth 1Y58.61%
FCF growth 3Y-21.84%
FCF growth 5YN/A
OCF growth 1Y-7.03%
OCF growth 3Y-19.2%
OCF growth 5Y194.86%