CORSAIR GAMING INC (CRSR)
US22041X1028 - Common Stock
Taking everything into account, CRSR scores 3 out of 10 in our fundamental rating. CRSR was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. CRSR may be in some trouble as it scores bad on both profitability and health. CRSR is quite expensive at the moment. 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.
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
The Return On Assets of CRSR (-7.84%) is worse than 62.50% of its industry peers.
CRSR's Return On Equity of -15.75% is in line compared to the rest of the industry. CRSR outperforms 50.00% of its industry peers.
| 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
In the last couple of years the Profit Margin of CRSR has declined.
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 62.50% 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 | 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.
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 1.87. 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.
Looking at the Altman-Z score, with a value of 1.87, CRSR is in line with its industry, outperforming 50.00% of the companies in the same industry.
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 comparable to the rest of the industry: CRSR outperforms 56.25% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that CRSR is not too dependend on debt financing.
CRSR has a Debt to Equity ratio (0.28) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 6.57 | ||
| Altman-Z | 1.87 |
ROIC/WACCN/A
WACC11.1%
2.3 Liquidity
A Current Ratio of 1.58 indicates that CRSR should not have too much problems paying its short term obligations.
The Current ratio of CRSR (1.58) is comparable to the rest of the industry.
A Quick Ratio of 0.77 indicates that CRSR may have some problems paying its short term obligations.
CRSR has a Quick ratio of 0.77. This is in the lower half of the industry: CRSR underperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
CRSR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -109.43%.
CRSR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -70.26% yearly.
The Revenue has decreased by -8.41% in the past year.
CRSR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.26% yearly.
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-102.6%
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
The Price/Earnings Ratio is negative for CRSR. In the last year negative earnings were reported.
CRSR is valuated correctly with a Price/Forward Earnings ratio of 14.05.
CRSR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CRSR is cheaper than 65.63% of the companies in the same industry.
CRSR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.00, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.05 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CRSR.
The rest of the industry has a similar Price/Free Cash Flow ratio as CRSR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.66 | ||
| EV/EBITDA | 124.52 |
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 (11/22/2024, 8:00:00 PM)
After market: 7.4797 +0.1 (+1.35%)7.38
+0.16 (+2.22%)
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 Cap772.69M
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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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.05 | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.84% | ||
| ROE | -15.75% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.4% | ||
| 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 Turnover1.1
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 | 1.58 | ||
| Quick Ratio | 0.77 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-109.43%
EPS 3Y-70.26%
EPS 5Y
EPS Q2Q%
EPS Next Y-102.6%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-8.41%
Revenue growth 3Y-4.99%
Revenue growth 5Y
Sales 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