Credo Technology Group Holding Ltd (CRDO)
NASDAQ: CRDO · IEX Real-Time Price · USD
21.44
-1.58 (-6.86%)
At close: Apr 12, 2024, 4:00 PM
21.50
+0.06 (0.28%)
After-hours: Apr 12, 2024, 7:56 PM EDT

CRDO Statistics

Total Valuation

CRDO has a market cap or net worth of $3.50 billion. The enterprise value is $3.10 billion.

Market Cap 3.50B
Enterprise Value 3.10B

Important Dates

The next estimated earnings date is Wednesday, May 29, 2024, after market close.

Earnings Date May 29, 2024
Ex-Dividend Date n/a

Share Statistics

CRDO has 163.29 million shares outstanding. The number of shares has increased by 6.80% in one year.

Shares Outstanding 163.29M
Shares Change (YoY) +6.80%
Shares Change (QoQ) +11.27%
Owned by Insiders (%) 21.03%
Owned by Institutions (%) 71.53%
Float 137.95M

Valuation Ratios

PE Ratio n/a
Forward PE 123.89
PS Ratio 21.31
Forward PS 14.61
PB Ratio 6.56
P/FCF Ratio 9,069.82
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 18.89
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF 8,039.94

Financial Position

The company has a current ratio of 12.72, with a Debt / Equity ratio of 0.02.

Current Ratio 12.72
Quick Ratio 11.29
Debt / Equity 0.02
Debt / EBITDA n/a
Debt / FCF 30.05
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is -8.60% and return on invested capital (ROIC) is -8.35%.

Return on Equity (ROE) -8.60%
Return on Assets (ROA) -7.60%
Return on Capital (ROIC) -8.35%
Revenue Per Employee $375,059
Profits Per Employee -$77,235
Employee Count 438
Asset Turnover 0.37
Inventory Turnover 1.62

Taxes

Income Tax -887,000
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +150.18% in the last 52 weeks. The beta is 1.97, so CRDO's price volatility has been higher than the market average.

Beta (1Y) 1.97
52-Week Price Change +150.18%
50-Day Moving Average 21.55
200-Day Moving Average 18.06
Relative Strength Index (RSI) 49.72
Average Volume (30 Days) 2,185,673

Short Selling Information

The latest short interest is 11.04 million, so 6.76% of the outstanding shares have been sold short.

Short Interest 11.04M
Short Previous Month 9.99M
Short % of Shares Out 6.76%
Short % of Float 8.01%
Short Ratio (days to cover) 4.98

Income Statement

In the last 12 months, CRDO had revenue of $164.28 million and -$33.83 million in losses. Loss per share was -$0.23.

Revenue 164.28M
Gross Profit 98.05M
Operating Income -45.57M
Pretax Income -34.72M
Net Income -33.83M
EBITDA -21.65M
EBIT -34.72M
Loss Per Share -$0.23
Full Income Statement

Balance Sheet

The company has $409.13 million in cash and $11.60 million in debt, giving a net cash position of $397.53 million or $2.43 per share.

Cash & Cash Equivalents 409.13M
Total Debt 11.60M
Net Cash 397.53M
Net Cash Per Share $2.43
Equity / Book Value 533.97M
Book Value Per Share 3.27
Working Capital 471.25M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $16.74 million and capital expenditures -$16.36 million, giving a free cash flow of $386,000.

Operating Cash Flow 16.74M
Capital Expenditures -16.36M
Free Cash Flow 386,000
FCF Per Share $0.00
Full Cash Flow Statement

Margins

Gross margin is 59.69%, with operating and profit margins of -27.74% and -20.59%.

Gross Margin 59.69%
Operating Margin -27.74%
Pretax Margin -21.13%
Profit Margin -20.59%
EBITDA Margin -13.18%
EBIT Margin -21.13%
FCF Margin 0.23%

Dividends & Yields

CRDO does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -6.80%
Shareholder Yield -6.80%
Earnings Yield -0.97%
FCF Yield 0.01%
Dividend Details

Analyst Forecast

The average price target for CRDO is $22.25, which is 3.78% higher than the current price. The consensus rating is "Strong Buy".

Price Target $22.25
Price Target Difference 3.78%
Analyst Consensus Strong Buy
Analyst Count 8
Revenue Growth Forecast (5Y) 48.45%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

CRDO has an Altman Z-Score of 36.65 and a Piotroski F-Score of 5.

Altman Z-Score 36.65
Piotroski F-Score 5