company background image
CRSR

Corsair Gaming NasdaqGS:CRSR Stock Report

Last Price

US$15.01

Market Cap

US$1.4b

7D

-1.9%

1Y

-52.5%

Updated

21 May, 2022

Data

Company Financials +
CRSR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Corsair Gaming
Historical stock prices
Current Share PriceUS$15.01
52 Week HighUS$42.97
52 Week LowUS$13.04
Beta0
1 Month Change-18.07%
3 Month Change-33.67%
1 Year Change-52.54%
3 Year Changen/a
5 Year Changen/a
Change since IPO5.33%

Recent News & Updates

May 10
Corsair Gaming, Inc. (NASDAQ:CRSR) Analysts Just Cut Their EPS Forecasts Substantially

Corsair Gaming, Inc. (NASDAQ:CRSR) Analysts Just Cut Their EPS Forecasts Substantially

Market forces rained on the parade of Corsair Gaming, Inc. ( NASDAQ:CRSR ) shareholders today, when the analysts...

May 02

Corsair Gaming: Buffeted By Decaying Industry Fundamentals

Today, we take our first in-depth look at a small cap concern called Corsair Gaming. The stock has fell hard over the past year despite solid sales growth in FY2021 as fundamentals across the industry have decayed. Time to buy the dip? A full investment analysis follows in the paragraphs below.

Shareholder Returns

CRSRUS TechUS Market
7D-1.9%-6.4%-2.7%
1Y-52.5%8.3%-12.9%

Return vs Industry: CRSR underperformed the US Tech industry which returned 8.3% over the past year.

Return vs Market: CRSR underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is CRSR's price volatile compared to industry and market?
CRSR volatility
CRSR Average Weekly Movement8.8%
Tech Industry Average Movement8.8%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: CRSR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CRSR's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19942,490Andy Paulhttps://www.corsair.com

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 streamers and content creators.

Corsair Gaming Fundamentals Summary

How do Corsair Gaming's earnings and revenue compare to its market cap?
CRSR fundamental statistics
Market CapUS$1.43b
Earnings (TTM)US$49.10m
Revenue (TTM)US$1.76b

29.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRSR income statement (TTM)
RevenueUS$1.76b
Cost of RevenueUS$1.31b
Gross ProfitUS$444.28m
Other ExpensesUS$395.18m
EarningsUS$49.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.51
Gross Margin25.31%
Net Profit Margin2.80%
Debt/Equity Ratio40.3%

How did CRSR perform over the long term?

See historical performance and comparison

Valuation

Is Corsair Gaming undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CRSR ($15.01) is trading below our estimate of fair value ($45.41)

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 (29.2x) compared to the US Tech industry average (14.7x).

PE vs Market: CRSR is poor value based on its PE Ratio (29.2x) compared to the US market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: CRSR is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: CRSR is overvalued based on its PB Ratio (2.5x) compared to the US Tech industry average (1.3x).


Future Growth

How is Corsair Gaming forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


40.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRSR's forecast earnings growth (40% per year) is above the savings rate (1.9%).

Earnings vs Market: CRSR's earnings (40% per year) are forecast to grow faster than the US market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CRSR's revenue (10.8% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: CRSR's revenue (10.8% 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 low in 3 years time (17.1%).


Past Performance

How has Corsair Gaming performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


73.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CRSR has high quality earnings.

Growing Profit Margin: CRSR's current net profit margins (2.8%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: CRSR's earnings have grown significantly by 73% per year over the past 5 years.

Accelerating Growth: CRSR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRSR had negative earnings growth (-67%) over the past year, making it difficult to compare to the Tech industry average (86%).


Return on Equity

High ROE: CRSR's Return on Equity (8.3%) is considered low.


Financial Health

How is Corsair Gaming's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CRSR's short term assets ($626.5M) exceed its short term liabilities ($384.8M).

Long Term Liabilities: CRSR's short term assets ($626.5M) exceed its long term liabilities ($323.1M).


Debt to Equity History and Analysis

Debt Level: CRSR's net debt to equity ratio (35.6%) is considered satisfactory.

Reducing Debt: CRSR's debt to equity ratio has reduced from 142.9% to 40.3% over the past 5 years.

Debt Coverage: CRSR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CRSR's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


Dividend

What is Corsair Gaming current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CRSR has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Andy Paul (64 yo)

28.33yrs

Tenure

US$10,174,767

Compensation

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 ($USD10.17M) is above average for companies of similar size in the US market ($USD5.44M).

Compensation vs Earnings: Andy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: CRSR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: CRSR's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CRSR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.


Top Shareholders

Company Information

Corsair Gaming, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Corsair Gaming, Inc.
  • Ticker: CRSR
  • Exchange: NasdaqGS
  • Founded: 1994
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: US$1.432b
  • Shares outstanding: 95.40m
  • Website: https://www.corsair.com

Number of Employees


Location

  • Corsair Gaming, Inc.
  • 47100 Bayside Parkway
  • Fremont
  • California
  • 94538
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.