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Corsair Gaming Inc
NASDAQ:CRSR

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Corsair Gaming Inc Logo
Corsair Gaming Inc
NASDAQ:CRSR
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Price: 16.93 USD -3.26% Market Closed
Updated: Dec 6, 2022

Intrinsic Value

The intrinsic value of one CRSR stock under the Base Case scenario is 19.38 USD. Compared to the current market price of 16.93 USD, Corsair Gaming Inc is Undervalued by 13%.

The Intrinsic Value is calculated as the average of the two valuation methods:

CRSR Intrinsic Value
Base Case
19.38 USD
Undervaluation 13%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

CRSR Profitability Score
Profitability Due Diligence

Corsair Gaming Inc's profitability score is 46/100. The higher the profitability score, the more profitable the company is.

Negative ROE
Negative 1-Year Revenue Growth
Negative ROIC
Negative Net Income
46/100
Profitability
Score

Corsair Gaming Inc's profitability score is 46/100. The higher the profitability score, the more profitable the company is.

CRSR Solvency Score
Solvency Due Diligence

Corsair Gaming Inc's solvency score is 41/100. The higher the solvency score, the more solvent the company is.

Low Interest Coverage
Positive Net Debt
Average Altman Z-Score
Short-Term Liabilities
41/100
Solvency
Score

Corsair Gaming Inc's solvency score is 41/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
22%
Gross Margin
-3%
Operating Margin
-3%
Net Margin
1%
FCF Margin
-9%
ROE
-3%
ROIC
Other

CRSR Capital Structure
Corsair Gaming Inc

Market Capitalization 1.6B USD
Total Debt 239M USD
Minority Interest 38.8M USD
Preferred Equity 0 USD
Cash and Equivalents 57.3M USD
Short-Term Investments 0 USD
Enterprise Value 1.8B USD

Wall St
Price Targets

CRSR Price Targets Summary
Corsair Gaming Inc

Wall Street analysts forecast CRSR stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CRSR is 16.32 USD with a low forecast of 15.15 USD and a high forecast of 17.85 USD.

Lowest
Price Target
15.15 USD
11% Downside
Average
Price Target
16.32 USD
4% Downside
Highest
Price Target
17.85 USD
5% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

CRSR Competitors
Corsair Gaming Inc

CRSR Suppliers & Customers
Corsair Gaming Inc

Corsair Gaming Inc has 7 key suppliers from 2 countries and 4 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Semiconductors industry.

Corsair Gaming Inc has 10 key customers from 3 countries and 5 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Retail industry.

Ownership

CRSR Insider Trading
Buy and sell transactions by insiders

Corsair Gaming Inc insiders have only bought shares in the past 12 months.

During the last 12 months Corsair Gaming Inc insiders bought 106M USD , and have not sold any shares. The last transaction was made on Dec 6, 2022 by Majoros George L. Jr. (Director, 10 percent owner), who bought 35M USD worth of CRSR shares.

Sold
0-3
months
0 USD
0
3-6
months
0 USD
0
6-9
months
0 USD
0
9-12
months
0 USD
0
Bought
0-3
months
3
105M USD
3-6
months
No Insider Transactions
0
0 USD
6-9
months
1
1.1M USD
9-12
months
No Insider Transactions
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
N/A
105M USD
105M
6 Months
N/A
105M USD
105M
9 Months
N/A
106M USD
106M
12 Months
N/A
106M USD
106M
Purchases
5
Sales
28
Why is insider trading important?

Shareholder Return

CRSR Price
Corsair Gaming Inc

1M 1M
+3%
6M 6M
+4%
1Y 1Y
-20%
3Y 3Y
+19%
5Y 5Y
+19%
Annual Price Range
16.93
52w Low
11.26
52w High
23.61
Price Metrics
Average Annual Return 143.86%
Standard Deviation of Annual Returns
N/A
Max Drawdown -78%
Shares Statistics
Market Capitalization 1.6B USD
Shares Outstanding 95 988 704
Percentage of Shares Shorted 16.14%

Company Profile

Corsair Gaming Inc

Country

United States of America

Industry

Technology

Market Cap

1.6B USD

Dividend Yield

0%

Description

Corsair Gaming, Inc. designs and supplies hardware components for personal computers. The company is headquartered in Fremont, California and currently employs 2,490 full-time employees. The company went IPO on 2020-09-23. The firm designs and sells gaming and streaming peripherals, components and systems globally. The firm operates through two segments: Gamer and creator peripherals, and Gaming components and systems. Gamer and creator peripherals segment include its gaming keyboards, mice, headsets, controllers, and its streaming gear, including capture cards, Stream Decks, universal serial bus (USB) microphones, studio accessories and EpocCam software, as well as coaching and training services, among others. Gaming components and systems segment includes its power supply units (PSUs), cooling solutions, computer cases, DRAM modules, as well as prebuilt and custom-built gaming personal computers (PCs), among others. Its product offering includes two software platforms: iCUE for gamers and Elgato’s streaming suite for content creators.

Contact

CALIFORNIA
Fremont
47100 Bayside Parkway
+15106578747.0
https://www.corsair.com/

IPO

2020-09-23

Employees

2 490

Officers

Founder, CEO & Director
Mr. Andrew J. Paul
Pres, COO & Director
Ms. Thi L. La
CFO & Principal Accounting Officer
Mr. Michael G. Potter
Advisor
Mr. Gregg A. Lakritz
Exec. VP of Gaming Products
Mr. Bertrand Chevalier
VP of Fin. & Investor Relations
Mr. Ronald Van Veen
Show More
VP & Gen. Counsel
Ms. Carina M. Tan
Sr. VP of Worldwide Sales
Michael Buchanan
Chief HR Officer
Mr. Peter E. Hilliard
Sr. VP of System Products
Matthew Hsu
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one CRSR stock?

The intrinsic value of one CRSR stock under the Base Case scenario is 19.38 USD.

Is CRSR stock undervalued or overvalued?

Compared to the current market price of 16.93 USD, Corsair Gaming Inc is Undervalued by 13%.