Corsair Gaming, Inc. (CRSR)

NASDAQ: CRSR · IEX Real-Time Price · USD
12.29
+0.28 (2.33%)
At close: Mar 27, 2024, 4:00 PM
12.40
+0.11 (0.90%)
After-hours: Mar 27, 2024, 7:58 PM EDT

Total Valuation

Corsair Gaming has a market cap or net worth of $1.25 billion. The enterprise value is $1.27 billion.

Market Cap 1.25B
Enterprise Value 1.27B

Important Dates

The next estimated earnings date is Wednesday, May 8, 2024, after market close.

Earnings Date May 8, 2024
Ex-Dividend Date n/a

Share Statistics

Corsair Gaming has 103.31 million shares outstanding. The number of shares has increased by 10.38% in one year.

Shares Outstanding 103.31M
Shares Change (YoY) +10.38%
Shares Change (QoQ) +14.95%
Owned by Insiders (%) 3.15%
Owned by Institutions (%) 80.79%
Float 43.72M

Valuation Ratios

The trailing PE ratio is 409.67 and the forward PE ratio is 16.92.

PE Ratio 409.67
Forward PE 16.92
PS Ratio 0.86
Forward PS 0.80
PB Ratio 1.88
P/FCF Ratio 16.42
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 20.19, with an EV/FCF ratio of 16.68.

EV / Earnings 399.75
EV / Sales 0.87
EV / EBITDA 20.19
EV / EBIT 102.84
EV / FCF 16.68

Financial Position

The company has a current ratio of 1.70, with a Debt / Equity ratio of 0.30.

Current Ratio 1.70
Quick Ratio 1.03
Debt / Equity 0.30
Debt / EBITDA 3.14
Debt / FCF 2.59
Interest Coverage 0.71

Financial Efficiency

Return on equity (ROE) is 0.50% and return on invested capital (ROIC) is 1.12%.

Return on Equity (ROE) 0.50%
Return on Assets (ROA) 0.20%
Return on Capital (ROIC) 1.12%
Revenue Per Employee $611,594
Profits Per Employee $1,335
Employee Count 2,387
Asset Turnover 1.10
Inventory Turnover 5.08

Taxes

Income Tax -2.44M
Effective Tax Rate -327.79%

Stock Price Statistics

The stock price has decreased by -26.85% in the last 52 weeks. The beta is 1.62, so Corsair Gaming's price volatility has been higher than the market average.

Beta (1Y) 1.62
52-Week Price Change -26.85%
50-Day Moving Average 12.88
200-Day Moving Average 14.44
Relative Strength Index (RSI) 44.98
Average Volume (30 Days) 374,170

Short Selling Information

The latest short interest is 1.62 million, so 1.57% of the outstanding shares have been sold short.

Short Interest 1.62M
Short Previous Month 1.46M
Short % of Shares Out 1.57%
Short % of Float 3.71%
Short Ratio (days to cover) 3.44

Income Statement

In the last 12 months, Corsair Gaming had revenue of $1.46 billion and earned $3.19 million in profits. Earnings per share was $0.03.

Revenue 1.46B
Gross Profit 360.26M
Operating Income 9.69M
Pretax Income -5.03M
Net Income 3.19M
EBITDA 63.09M
EBIT 12.39M
Earnings Per Share (EPS) $0.03
Full Income Statement

Balance Sheet

The company has $178.33 million in cash and $198.20 million in debt, giving a net cash position of -$19.87 million or -$0.19 per share.

Cash & Cash Equivalents 178.33M
Total Debt 198.20M
Net Cash -19.87M
Net Cash Per Share -$0.19
Equity / Book Value 667.58M
Book Value Per Share 6.46
Working Capital 293.10M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $89.15 million and capital expenditures -$12.76 million, giving a free cash flow of $76.39 million.

Operating Cash Flow 89.15M
Capital Expenditures -12.76M
Free Cash Flow 76.39M
FCF Per Share $0.75
Full Cash Flow Statement

Margins

Gross margin is 24.68%, with operating and profit margins of 0.66% and 0.22%.

Gross Margin 24.68%
Operating Margin 0.66%
Pretax Margin -0.34%
Profit Margin 0.22%
EBITDA Margin 4.32%
EBIT Margin 0.85%
FCF Margin 5.23%

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 -10.38%
Shareholder Yield -10.38%
Earnings Yield 0.25%
FCF Yield 6.09%
Dividend Details

Analyst Forecast

The average price target for Corsair Gaming is $16.33, which is 32.87% higher than the current price. The consensus rating is "Buy".

Price Target $16.33
Price Target Difference 32.87%
Analyst Consensus Buy
Analyst Count 6
Revenue Growth Forecast (5Y) n/a
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

Corsair Gaming has an Altman Z-Score of 2.54 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.54
Piotroski F-Score 7