CORSAIR GAMING, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.83 USD | -0.09% |
|
-6.72% | -23.19% |
| May. 07 | Transcript : Corsair Gaming, Inc., Q1 2024 Earnings Call, May 07, 2024 | |
| May. 07 | Earnings Flash (CRSR) CORSAIR GAMING Reports Q1 Revenue $337.3M, vs. Street Est of $362.8M | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,329 | 1,982 | 1,364 | 1,452 | 1,125 | - | - |
| Enterprise Value (EV) 1 | 3,518 | 2,165 | 1,453 | 1,472 | 1,085 | 976.6 | 855.9 |
| P/E ratio | 31.8 x | 20.8 x | -21.5 x | 470 x | 73.8 x | 23 x | 16 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.96 x | 1.04 x | 0.99 x | 0.99 x | 0.75 x | 0.68 x | 0.61 x |
| EV / Revenue | 2.07 x | 1.14 x | 1.06 x | 1.01 x | 0.72 x | 0.59 x | 0.47 x |
| EV / EBITDA | 16.5 x | 10.9 x | 31.2 x | 15.5 x | 9.4 x | 6.63 x | 5.19 x |
| EV / FCF | 22 x | 235 x | 36.3 x | 19.3 x | 12.5 x | 8.27 x | 6.45 x |
| FCF Yield | 4.55% | 0.43% | 2.76% | 5.19% | 8.02% | 12.1% | 15.5% |
| Price to Book | 7.61 x | 3.49 x | 2.17 x | 2.24 x | 1.66 x | 1.5 x | 1.35 x |
| Nbr of stocks (in thousands) | 91,924 | 94,344 | 100,534 | 102,979 | 103,906 | - | - |
| Reference price 2 | 36.22 | 21.01 | 13.57 | 14.10 | 10.83 | 10.83 | 10.83 |
| Announcement Date | 2/9/21 | 2/8/22 | 2/9/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,702 | 1,904 | 1,375 | 1,460 | 1,501 | 1,655 | 1,838 |
| EBITDA 1 | - | 213 | 199.2 | 46.53 | 95.06 | 115.5 | 147.2 | 165 |
| EBIT 1 | - | 204.8 | 194.5 | 34.59 | 85.44 | 101.5 | 135.5 | 164.6 |
| Operating Margin | - | 12.03% | 10.22% | 2.52% | 5.85% | 6.76% | 8.19% | 8.95% |
| Earnings before Tax (EBT) 1 | - | 122 | 114.6 | -63.77 | -3.479 | 13.22 | 49.56 | 65.17 |
| Net income 1 | -8.394 | 103.2 | 101 | -60.92 | 3.187 | 15.25 | 54.6 | 60.7 |
| Net margin | - | 6.06% | 5.3% | -4.43% | 0.22% | 1.02% | 3.3% | 3.3% |
| EPS 2 | -0.0600 | 1.140 | 1.010 | -0.6300 | 0.0300 | 0.1467 | 0.4700 | 0.6750 |
| Free Cash Flow 1 | - | 160 | 9.218 | 40.07 | 76.39 | 87.05 | 118 | 132.6 |
| FCF margin | - | 9.4% | 0.48% | 2.91% | 5.23% | 5.8% | 7.13% | 7.21% |
| FCF Conversion (EBITDA) | - | 75.11% | 4.63% | 86.13% | 80.36% | 75.39% | 80.17% | 80.34% |
| FCF Conversion (Net income) | - | 154.98% | 9.13% | - | 2,396.99% | 570.82% | 216.21% | 218.45% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 8/21/20 | 2/9/21 | 2/8/22 | 2/9/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 510.6 | 380.7 | 283.9 | 311.8 | 398.7 | 354 | 325.4 | 363.2 | 417.3 | 337.3 | 320 | 377.4 | 466.3 | 381.2 | 362.2 |
| EBITDA 1 | 39.53 | 15.42 | -11.02 | 10.12 | 32.01 | 20.56 | 17.75 | 23.02 | 33.72 | 18.02 | 15.43 | 28.43 | 53.6 | 22.06 | 19.91 |
| EBIT 1 | 38.47 | 13.32 | -14.2 | 5.907 | 29.56 | 18.16 | 15.85 | 19.63 | 31.79 | 15.4 | 15.52 | 26.9 | 45.33 | 11.79 | 26.58 |
| Operating Margin | 7.53% | 3.5% | -5% | 1.89% | 7.41% | 5.13% | 4.87% | 5.4% | 7.62% | 4.57% | 4.85% | 7.13% | 9.72% | 3.09% | 7.34% |
| Earnings before Tax (EBT) 1 | 22.46 | -4.263 | -56 | -12.06 | 8.56 | -2.287 | -6.366 | -2.983 | 8.157 | -12.81 | -9.601 | 4.368 | 31.91 | -0.525 | -4.159 |
| Net income 1 | 24.72 | -5.134 | -59.39 | -8.901 | 12.5 | -1.054 | 1.097 | -3.079 | 6.223 | -12.54 | -5.45 | 6.6 | 26.65 | - | - |
| Net margin | 4.84% | -1.35% | -20.92% | -2.85% | 3.14% | -0.3% | 0.34% | -0.85% | 1.49% | -3.72% | -1.7% | 1.75% | 5.72% | - | - |
| EPS 2 | 0.2500 | -0.0500 | -0.6200 | -0.0900 | 0.1200 | -0.0100 | 0.0100 | -0.0300 | 0.0600 | -0.1200 | -0.0500 | 0.0600 | 0.2400 | 0.0500 | 0.0400 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/8/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/9/23 | 5/10/23 | 8/3/23 | 11/7/23 | 2/13/24 | 5/7/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 188 | 183 | 88.8 | 19.9 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 40.2 | 149 | 269 |
| Leverage (Debt/EBITDA) | - | 0.883 x | 0.9164 x | 1.909 x | 0.209 x | - | - | - |
| Free Cash Flow 1 | - | 160 | 9.22 | 40.1 | 76.4 | 87.1 | 118 | 133 |
| ROE (net income / shareholders' equity) | - | 31.6% | 28.8% | 3.1% | 9.03% | 10.4% | 12.9% | 13.2% |
| ROA (Net income/ Total Assets) | - | 8.7% | 10.9% | - | - | - | - | - |
| Assets 1 | - | 1,187 | 923.7 | - | - | - | - | - |
| Book Value Per Share 2 | - | 4.760 | 6.010 | 6.240 | 6.280 | 6.520 | 7.200 | 8.000 |
| Cash Flow per Share 2 | - | 1.870 | 0.2000 | 0.6900 | 0.8400 | 0.0400 | 0.3200 | 0.4300 |
| Capex 1 | - | 8.99 | 11 | 26.3 | 12.8 | 12.9 | 15.2 | 15 |
| Capex / Sales | - | 0.53% | 0.58% | 1.91% | 0.87% | 0.86% | 0.92% | 0.82% |
| Announcement Date | 8/21/20 | 2/9/21 | 2/8/22 | 2/9/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
10.83
USD
Average target price
15.71
USD
Spread / Average Target
+45.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -23.19% | 1.13B | |
| +73.56% | 94.77B | |
| -1.23% | 29.08B | |
| +0.47% | 22.18B | |
| +10.12% | 19.74B | |
| -7.33% | 16.07B | |
| -3.44% | 13.07B | |
| -3.88% | 10.77B | |
| +12.94% | 10.38B | |
| +15.62% | 10.08B |
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- CRSR Stock
- Financials Corsair Gaming, Inc.