CRDO Stock Analysis: Credo Technology Holding | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 31.561m USD | 12M Return: 2.3% | KYG254571055 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.20B
Qual. Beats: -1
Rev. Trend: 98.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) is a semiconductor company that provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. Its product portfolio includes ZeroFlap (ZF) active electrical cables, ZF optical transceivers, OmniConnect memory solutions, retimers, DSPs, integrated circuits, active electrical cables, and SerDes chiplets. The company also licenses SerDes intellectual property (IP) to other firms.
Founded in 2008 and headquartered in the Cayman Islands, Credo generated the majority of its revenue from customers based in the United States, Taiwan, Mainland China, and Hong Kong. As a fabless semiconductor company, Credo designs connectivity chips and modules that are manufactured by third-party foundries, allowing it to focus on R&D and product design rather than capital-intensive manufacturing. The company has operated as a public company since its IPO on January 27, 2022, and is classified within the Information Technology sector under the Semiconductors sub-industry.
- AI infrastructure spending drives AEC and optical transceiver demand
- PCIe Gen 5 transition accelerates retimer and DSP revenue growth
- Hyperscaler customer concentration creates revenue volatility risk
| Net Income: 538.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 4.23 > 1.0 |
| NWC/Revenue: 79.70% < 20% (prev 115.8%; Δ -36.14% < -1%) |
| CFO/TA 0.17 > 3% & CFO 500.4m > Net Income 538.3m |
| Net Debt (-717.3m) to EBITDA (554.7m): -1.29 < 3 |
| Current Ratio: 7.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (194.4m) vs 12m ago 5.31% < -2% |
| Gross Margin: 67.07% > 18% (prev 65.98%; Δ 1.08% > 0.5%) |
| Asset Turnover: 81.22% > 50% (prev 66.30%; Δ 14.92% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.42 (Total Current Assets 1.47b - Total Current Liabilities 198.2m) / Total Assets 3.01b |
| B: 0.17 (Retained Earnings 518.5m / Total Assets 3.01b) |
| C: 0.26 (EBIT TTM 505.0m / Avg Total Assets 1.96b) |
| D: 9.60 (Book Value of Equity 2.73b / Total Liabilities 284.2m) |
| Altman-Z'' = 15.13 = AAA |
| DSRI: 0.57 (Receivables 288.8m/192.0m, Revenue 1.59b/600.1m) |
| GMI: 0.98 (GM 65.98% / 67.07%) |
| AQI: 24.43 (AQ_t 0.47 / AQ_t-1 0.02) |
| SGI: 2.65 (Revenue 1.59b / 600.1m) |
| TATA: 0.01 (NI 538.3m - CFO 500.4m) / TA 3.01b) |
| Beneish M = 11.68 (Cap -4..+1) = D |
As of September 12, 2026, the stock is trading at USD 162.95 with a total of 5,840,027 shares traded. Over the past week, the price has changed by -0.74%, over one month by -34.21%, over three months by -38.45% and over the past year by +2.28%.
Current recommended Stop Loss: 139.60 (which is 14.3% or 1.3 ATR below the current price).
Credo Technology Holding has received a consensus analysts rating of 4.62. Therefore, it is recommended to buy CRDO.
- StrongBuy: 9
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 281.4 | 72.7% |
P/E Trailing = 59.1268
P/E Forward = 26.738
P/S = 19.8366
P/B = 11.5555
Revenue TTM = 1.59b USD
EBIT TTM = 505.0m USD
EBITDA TTM = 554.7m USD
Long Term Debt = unknown (none)
Short Term Debt = 4.83m USD (from shortTermDebt, last fiscal year)
Debt = 46.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 26.2m
Net Debt = -717.3m USD (calculated: Debt 46.9m - CCE 764.3m)
Enterprise Value = 30.8b USD (31.6b + Debt 46.9m - CCE 764.3m)
Interest Coverage Ratio = unknown (Ebit TTM 505.0m / Interest Expense TTM 0.0)
EV/FCF = 70.32x (Enterprise Value 30.8b / FCF TTM 438.6m)
FCF Yield = 1.42% (FCF TTM 438.6m / Enterprise Value 30.8b)
FCF Margin = 27.57% (FCF TTM 438.6m / Revenue TTM 1.59b)
Net Margin = 33.83% (Net Income TTM 538.3m / Revenue TTM 1.59b)
Gross Margin = 67.07% ((Revenue TTM 1.59b - Cost of Revenue TTM 524.0m) / Revenue TTM)
Gross Margin QoQ = 64.53% (prev 68.21%)
Tobins Q-Ratio = 10.24 (Enterprise Value 30.8b / Total Assets 3.01b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 46.9m)
Taxrate = 0.24% (1.28m / 539.6m)
NOPAT = 503.8m (EBIT 505.0m * (1 - 0.24%))
Current Ratio = 7.40 (Total Current Assets 1.47b / Total Current Liabilities 198.2m)
Debt / Equity = 0.02 (Debt 46.9m / totalStockholderEquity, last quarter 2.73b)
Debt / EBITDA = -1.29 (Net Debt -717.3m / EBITDA 554.7m)
Debt / FCF = -1.64 (Net Debt -717.3m / FCF TTM 438.6m)
Total Stockholder Equity = 1.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 27.48% (Net Income 538.3m / Total Assets 3.01b)
RoE = 27.16% (Net Income TTM 538.3m / Total Stockholder Equity 1.98b)
RoCE = 17.94% (EBIT 505.0m / Capital Employed (Total Assets 3.01b - Current Liab 198.2m))
RoIC = 18.39% (NOPAT 503.8m / Invested Capital 2.74b)
WACC = 20.60% (E(31.6b)/V(31.6b) * Re(20.63%) + D(46.9m)/V(31.6b) * Rd(0.0%) * (1-Tc(0.00)))
Discount Rate = 20.63% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 95.36 | Cagr: 7.94%
[DCF] Terminal Value 47.82% ; FCFF base≈300.5m ; Y1≈344.5m ; Y5≈507.1m
[DCF] Fair Price = 16.34 (EV 2.35b - Net Debt -717.3m = Equity 3.07b / Shares 188.0m; r=20.60% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.38 | # QB: -1
Revenue Correlation: 98.57 | Revenue CAGR: 148.8% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-10-31): EPS=1.28 | Chg30d=+2.60% | Revisions=+57% | Analysts=16
EPS next Quarter (2027-01-31): EPS=1.59 | Chg30d=-2.34% | Revisions=+40% | Analysts=17
EPS current Year (2027-04-30): EPS=6.27 | Chg30d=+2.41% | Revisions=+40% | GrowthEPS=+81.3% | GrowthRev=+87.0%
EPS next Year (2028-04-30): EPS=9.63 | Chg30d=+6.06% | Revisions=+40% | GrowthEPS=+53.4% | GrowthRev=+54.7%
[Analyst] Revisions Ratio: +77% (up=10, down=0)