CRSR Stock Overview
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific.
Corsair Gaming Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$19.38|
|52 Week High||US$49.60|
|52 Week Low||US$17.68|
|1 Month Change||-13.41%|
|3 Month Change||-20.21%|
|1 Year Change||-49.57%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||36.00%|
Recent News & Updates
Corsair Gaming: The Bounce Back
Corsair gaming has been on a downward spiral since its epic short squeeze in February of last year. It is already down 18% YTD on a price of around $17. Major concerns from investors include a post-COVID reduction in demand for gaming and streaming and global supply chain shortages of gaming chips and high freight costs, hurting its operating margin. These concerns are short-lived and Corsair will continue its high-growth trajectory fueled by the epic growth in the overall gaming and streaming markets. Corsair will bounce back by following its strategy of pushing its GCAP products to market-leading positions, leveraging its brand strategy, and increasing its DTC channels.
|CRSR||US Tech||US Market|
Return vs Industry: CRSR underperformed the US Tech industry which returned 12.7% over the past year.
Return vs Market: CRSR underperformed the US Market which returned 4.2% over the past year.
|CRSR Average Weekly Movement||5.4%|
|Tech Industry Average Movement||8.7%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.4%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: CRSR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CRSR's weekly volatility (5%) has been stable over the past year.
About the Company
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato’s streaming suite for content creators.
Corsair Gaming Fundamentals Summary
|CRSR fundamental statistics|
Is CRSR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CRSR income statement (TTM)|
|Cost of Revenue||US$1.40b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 08, 2022
|Earnings per share (EPS)||1.26|
|Net Profit Margin||6.12%|
How did CRSR perform over the long term?See historical performance and comparison
Is Corsair Gaming undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CRSR ($19.38) is trading below our estimate of fair value ($62.75)
Significantly Below Fair Value: CRSR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CRSR is poor value based on its PE Ratio (15.3x) compared to the US Tech industry average (11.9x).
PE vs Market: CRSR is good value based on its PE Ratio (15.3x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: CRSR is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: CRSR is overvalued based on its PB Ratio (3.4x) compared to the US Tech industry average (1.7x).
How is Corsair Gaming forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRSR's forecast earnings growth (17.4% per year) is above the savings rate (2%).
Earnings vs Market: CRSR's earnings (17.4% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: CRSR's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRSR's revenue (6.3% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: CRSR's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRSR's Return on Equity is forecast to be high in 3 years time (36%)
How has Corsair Gaming performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRSR has high quality earnings.
Growing Profit Margin: CRSR's current net profit margins (6.1%) are higher than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: CRSR's earnings have grown significantly by 64.9% per year over the past 5 years.
Accelerating Growth: CRSR's earnings growth over the past year (80.2%) exceeds its 5-year average (64.9% per year).
Earnings vs Industry: CRSR earnings growth over the past year (80.2%) exceeded the Tech industry 57.5%.
Return on Equity
High ROE: CRSR's Return on Equity (22.2%) is considered high.
How is Corsair Gaming's financial position?
Financial Position Analysis
Short Term Liabilities: CRSR's short term assets ($708.1M) exceed its short term liabilities ($475.6M).
Long Term Liabilities: CRSR's short term assets ($708.1M) exceed its long term liabilities ($329.1M).
Debt to Equity History and Analysis
Debt Level: CRSR's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CRSR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CRSR's debt is well covered by operating cash flow (37.7%).
Interest Coverage: CRSR's interest payments on its debt are well covered by EBIT (7.7x coverage).
What is Corsair Gaming current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CRSR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CRSR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CRSR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CRSR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CRSR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andy Paul (64 yo)
Mr. Andrew J. Paul, also known as Andy, has been the Chief Executive Officer at Corsair Components, Inc. since 1994 and serves as its Director since September 2018 and served as its President since 1994 un...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD2.80M) is about average for companies of similar size in the US market ($USD3.74M).
Compensation vs Earnings: Andy's compensation has increased by more than 20% in the past year.
Experienced Management: CRSR's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: CRSR's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Corsair Gaming, Inc.'s employee growth, exchange listings and data sources
- Name: Corsair Gaming, Inc.
- Ticker: CRSR
- Exchange: NasdaqGS
- Founded: 1994
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Implied Market Cap: US$1.828b
- Shares outstanding: 94.34m
- Website: https://www.corsair.com
Number of Employees
- Corsair Gaming, Inc.
- 47100 Bayside Parkway
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/26 01:06|
|End of Day Share Price||2022/01/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.