| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.00 |
| 52 Week High | US$42.97 |
| 52 Week Low | US$13.04 |
| Beta | 0 |
| 1 Month Change | -18.28% |
| 3 Month Change | -32.23% |
| 1 Year Change | -50.09% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 12.28% |
Recent News & Updates
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...
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
| CRSR | US Tech | US Market | |
|---|---|---|---|
| 7D | 6.7% | -3.2% | 2.7% |
| 1Y | -50.1% | 18.1% | -8.1% |
Return vs Industry: CRSR underperformed the US Tech industry which returned 14% over the past year.
Return vs Market: CRSR underperformed the US Market which returned -10.8% over the past year.
Price Volatility
| CRSR volatility | |
|---|---|
| CRSR Average Weekly Movement | 8.9% |
| Tech Industry Average Movement | 8.8% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 2.9% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | 2,490 | Andy Paul | https://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
| CRSR fundamental statistics | |
|---|---|
| Market Cap | US$1.51b |
| Earnings (TTM) | US$49.10m |
| Revenue (TTM) | US$1.76b |
31.1x
P/E Ratio0.9x
P/S RatioIs CRSR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CRSR income statement (TTM) | |
|---|---|
| Revenue | US$1.76b |
| Cost of Revenue | US$1.31b |
| Gross Profit | US$444.28m |
| Other Expenses | US$395.18m |
| Earnings | US$49.10m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.51 |
| Gross Margin | 25.31% |
| Net Profit Margin | 2.80% |
| Debt/Equity Ratio | 40.3% |
How did CRSR perform over the long term?
See historical performance and comparisonValuation
Is Corsair Gaming undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation 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 ($16) is trading below our estimate of fair value ($45.59)
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 (31.1x) compared to the US Tech industry average (15.3x).
PE vs Market: CRSR is poor value based on its PE Ratio (31.1x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: CRSR is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: CRSR is overvalued based on its PB Ratio (2.6x) compared to the US Tech industry average (1.2x).
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
4/6Future 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 (7.9% 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
2/6Past 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 (70.6%).
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
5/6Financial 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
0/6Dividend 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.
Next Steps
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 ($USD5.45M).
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$1.507b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/17 00:00 |
| End of Day Share Price | 2022/05/17 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.