Corsair Gaming, Inc. (CRSR)

Corsair Gaming Statistics

Total Valuation

Corsair Gaming has a market cap or net worth of $697.78 million. The enterprise value is $886.20 million.

Market Cap	697.78M
Enterprise Value	886.20M

Important Dates

The next confirmed earnings date is Wednesday, November 6, 2024, after market close.

Earnings Date	Nov 6, 2024
Ex-Dividend Date	n/a

Share Statistics

Corsair Gaming has 104.15 million shares outstanding. The number of shares has increased by 1.66% in one year.

Shares Outstanding	104.15M
Shares Change (YoY)	+1.66%
Shares Change (QoQ)	+0.38%
Owned by Insiders (%)	3.20%
Owned by Institutions (%)	29.51%
Float	44.50M

Valuation Ratios

PE Ratio	n/a
Forward PE	14.37
PS Ratio	0.50
Forward PS	0.46
PB Ratio	1.08
P/FCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	0.64
EV / EBITDA	32.95
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.80, with a Debt / Equity ratio of 0.37.

Current Ratio	1.80
Quick Ratio	0.83
Debt / Equity	0.37
Debt / EBITDA	5.36
Debt / FCF	n/a
Interest Coverage	-1.50

Financial Efficiency

Return on equity (ROE) is -4.43% and return on invested capital (ROIC) is -1.57%.

Return on Equity (ROE)	-4.43%
Return on Assets (ROA)	-1.15%
Return on Capital (ROIC)	-1.57%
Revenue Per Employee	$577,728
Profits Per Employee	-$16,328
Employee Count	2,387
Asset Turnover	1.08
Inventory Turnover	4.34

Taxes

Income Tax	-5.29M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -48.86% in the last 52 weeks. The beta is 1.58, so Corsair Gaming's price volatility has been higher than the market average.

Beta (5Y)	1.58
52-Week Price Change	-48.86%
50-Day Moving Average	6.59
200-Day Moving Average	9.89
Relative Strength Index (RSI)	51.46
Average Volume (20 Days)	349,312

Short Selling Information

The latest short interest is 3.49 million, so 3.35% of the outstanding shares have been sold short.

Short Interest	3.49M
Short Previous Month	3.35M
Short % of Shares Out	3.35%
Short % of Float	7.85%
Short Ratio (days to cover)	7.54

Income Statement

In the last 12 months, Corsair Gaming had revenue of $1.38 billion and -$38.98 million in losses. Loss per share was -$0.38.

Revenue	1.38B
Gross Profit	341.75M
Operating Income	-23.57M
Pretax Income	-37.15M
Net Income	-38.98M
EBITDA	26.90M
EBIT	-23.57M
Loss Per Share	-$0.38

Balance Sheet

The company has $92.18 million in cash and $248.90 million in debt, giving a net cash position of -$156.72 million or -$1.50 per share.

Cash & Cash Equivalents	92.18M
Total Debt	248.90M
Net Cash	-156.72M
Net Cash Per Share	-$1.50
Equity (Book Value)	674.43M
Book Value Per Share	6.18
Working Capital	256.89M

Cash Flow

In the last 12 months, operating cash flow was $402,000 and capital expenditures -$10.33 million, giving a free cash flow of -$9.93 million.

Operating Cash Flow	402,000
Capital Expenditures	-10.33M
Free Cash Flow	-9.93M
FCF Per Share	-$0.10

Margins

Gross margin is 24.78%, with operating and profit margins of -1.71% and -2.31%.

Gross Margin	24.78%
Operating Margin	-1.71%
Pretax Margin	-2.55%
Profit Margin	-2.31%
EBITDA Margin	1.95%
EBIT Margin	-1.71%
FCF Margin	-0.73%

Dividends & Yields

Corsair Gaming 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	-1.66%
Shareholder Yield	-1.66%
Earnings Yield	-5.59%
FCF Yield	-1.42%

Analyst Forecast

The average price target for Corsair Gaming is $10.60, which is 58.21% higher than the current price. The consensus rating is "Buy".

Price Target	$10.60
Price Target Difference	58.21%
Analyst Consensus	Buy
Analyst Count	5
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

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

Corsair Gaming has an Altman Z-Score of 2.79 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.79
Piotroski F-Score	4