CRDO Stock Analysis: Credo Technology Holding | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 50.541m USD | 12M Return: 170.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.53B
Qual. Beats: 7
Rev. Trend: 96.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.4 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: 472.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA 14.14 > 1.0 |
| NWC/Revenue: 135.1% < 20% (prev 138.7%; Δ -3.59% < -1%) |
| CFO/TA 0.20 > 3% & CFO 464.3m > Net Income 472.3m |
| Net Debt (-1.40b) to EBITDA (510.5m): -2.74 < 3 |
| Current Ratio: 10.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (192.7m) vs 12m ago 5.80% < -2% |
| Gross Margin: 68.04% > 18% (prev 64.77%; Δ 3.26% > 0.5%) |
| Asset Turnover: 86.00% > 50% (prev 53.97%; Δ 32.03% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.79 (Total Current Assets 2.00b - Total Current Liabilities 197.1m) / Total Assets 2.30b |
| B: 0.17 (Retained Earnings 389.1m / Total Assets 2.30b) |
| C: 0.31 (EBIT TTM 475.4m / Avg Total Assets 1.55b) |
| D: 8.89 (Book Value of Equity 2.06b / Total Liabilities 232.0m) |
| Altman-Z'' = 17.11 = AAA |
| DSRI: 0.47 (Receivables 233.4m/162.1m, Revenue 1.34b/436.8m) |
| GMI: 0.95 (GM 64.77% / 68.04%) |
| AQI: 3.52 (AQ_t 0.07 / AQ_t-1 0.02) |
| SGI: 3.06 (Revenue 1.34b / 436.8m) |
| TATA: 0.00 (NI 472.3m - CFO 464.3m) / TA 2.30b) |
| Beneish M = -0.54 (Cap -4..+1) = D |
As of July 03, 2026, the stock is trading at USD 241.91 with a total of 9,019,327 shares traded. Over the past week, the price has changed by -9.75%, over one month by +5.64%, over three months by +138.45% and over the past year by +170.68%.
Current recommended Stop Loss: 182.10 (which is 24.7% or 2.3 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 | 269.8 | 11.5% |
P/E Trailing = 108.412
P/E Forward = 45.6621
P/S = 37.8552
P/B = 24.3072
Revenue TTM = 1.34b USD
EBIT TTM = 475.4m USD
EBITDA TTM = 510.5m USD
Long Term Debt = unknown (none)
Short Term Debt = 3.66m USD (from shortTermDebt, two quarters ago)
Debt = 46.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 25.4m
Net Debt = -1.40b USD (calculated: Debt 46.1m - CCE 1.44b)
Enterprise Value = 49.1b USD (50.5b + Debt 46.1m - CCE 1.44b)
Interest Coverage Ratio = unknown (Ebit TTM 475.4m / Interest Expense TTM 0.0)
EV/FCF = 120.7x (Enterprise Value 49.1b / FCF TTM 407.0m)
FCF Yield = 0.83% (FCF TTM 407.0m / Enterprise Value 49.1b)
FCF Margin = 30.48% (FCF TTM 407.0m / Revenue TTM 1.34b)
Net Margin = 35.37% (Net Income TTM 472.3m / Revenue TTM 1.34b)
Gross Margin = 68.04% ((Revenue TTM 1.34b - Cost of Revenue TTM 426.8m) / Revenue TTM)
Gross Margin QoQ = 68.21% (prev 68.52%)
Tobins Q-Ratio = 21.41 (Enterprise Value 49.1b / Total Assets 2.30b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 46.1m)
Taxrate = 0.66% (3.16m / 475.4m)
NOPAT = 472.3m (EBIT 475.4m * (1 - 0.66%))
Current Ratio = 10.15 (Total Current Assets 2.00b / Total Current Liabilities 197.1m)
Debt / Equity = 0.02 (Debt 46.1m / totalStockholderEquity, last quarter 2.06b)
Debt / EBITDA = -2.74 (Net Debt -1.40b / EBITDA 510.5m)
Debt / FCF = -3.43 (Net Debt -1.40b / FCF TTM 407.0m)
Total Stockholder Equity = 1.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 30.42% (Net Income 472.3m / Total Assets 2.30b)
RoE = 31.59% (Net Income TTM 472.3m / Total Stockholder Equity 1.49b)
RoCE = 22.66% (EBIT 475.4m / Capital Employed (Total Assets 2.30b - Current Liab 197.1m))
RoIC = 23.24% (NOPAT 472.3m / Invested Capital 2.03b)
WACC = 19.11% (E(50.5b)/V(50.6b) * Re(19.13%) + D(46.1m)/V(50.6b) * Rd(0.0%) * (1-Tc(0.01)))
Discount Rate = 19.13% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 82.22 | Cagr: 6.52%
[DCF] Terminal Value 50.63% ; FCFF base≈255.8m ; Y1≈293.2m ; Y5≈431.6m
[DCF] Fair Price = 19.26 (EV 2.19b - Net Debt -1.40b = Equity 3.59b / Shares 186.5m; r=19.11% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.96 | # QB: 7
Revenue Correlation: 96.59 | Revenue CAGR: 126.2% | SUE: 0.26 | # QB: 0
EPS current Quarter (2026-07-31): EPS=1.16 | Chg30d=+6.95% | Revisions=+45% | Analysts=16
EPS next Quarter (2026-10-31): EPS=1.24 | Chg30d=+5.30% | Revisions=+45% | Analysts=16
EPS current Year (2027-04-30): EPS=6.12 | Chg30d=+10.97% | Revisions=+57% | GrowthEPS=+76.9% | GrowthRev=+83.6%
EPS next Year (2028-04-30): EPS=8.91 | Chg30d=+17.20% | Revisions=+64% | GrowthEPS=+45.6% | GrowthRev=+49.0%
[Analyst] Revisions Ratio: +64%