(CRSR) Corsair Gaming - Ratings and Ratios
Keyboards, Headsets, Memory, Power Supplies, Capture Cards
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 68.2% |
| Value at Risk 5%th | 101% |
| Relative Tail Risk | -9.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.09 |
| Alpha | -44.40 |
| CAGR/Max DD | -0.39 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.481 |
| Beta | 2.214 |
| Beta Downside | 2.226 |
| Drawdowns 3y | |
|---|---|
| Max DD | 72.96% |
| Mean DD | 40.61% |
| Median DD | 43.52% |
Description: CRSR Corsair Gaming November 17, 2025
Corsair Gaming, Inc. (NASDAQ:CRSR) designs, manufactures, and sells a broad portfolio of gaming and streaming peripherals, components, and systems across Europe, the Middle East, North Africa, North America, Latin America, and the Asia-Pacific. The business is split into two segments: Gamer & Creator Peripherals and Gaming Components & Systems. Products range from keyboards, mice, headsets, and controllers to capture cards, stream decks, microphones, and gaming-grade PCs, laptops, monitors, power supplies, cooling solutions, and memory modules. Software offerings include the iCUE ecosystem for gamers and the Elgato streaming suite for creators, delivered through e-retail, brick-and-mortar, direct-to-consumer, and distributor channels.
Key operating metrics (FY 2023) show revenue of roughly $2.1 billion, up ≈ 15 % year-over-year, driven by strong demand for high-performance components and the expanding creator economy. Gross margins hovered around 38 %, while operating margin was near 9 %, reflecting ongoing investments in R&D and supply-chain diversification. The company’s cash conversion cycle shortened to ≈ 45 days, indicating improved inventory management amid lingering semiconductor shortages.
Sector-level drivers that materially affect Corsair include: (1) the global gaming market, projected to exceed $250 billion by 2027, sustaining demand for premium hardware; (2) the creator-economy boom, with ad-spend on streaming platforms growing at > 20 % CAGR, fueling sales of streaming accessories; and (3) macro-economic pressures on discretionary spending, which can compress pricing power during downturns. Corsair’s recent acquisition of Elgato (2020) and its expansion into pre-built gaming PCs position it to capture higher-margin revenue streams, but the firm remains exposed to component-price volatility and geopolitical supply-chain risks.
For a deeper quantitative dive, the ValueRay platform offers a granular breakdown of CRSR’s valuation multiples and scenario analysis.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (-39.7m TTM) > 0 and > 6% of Revenue (6% = 87.0m TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 2.42pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 13.64% (prev 15.94%; Δ -2.30pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 67.5m > Net Income -39.7m (YES >=105%, WARN >=100%) |
| Net Debt (120.4m) to EBITDA (29.8m) ratio: 4.04 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.48 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (106.3m) change vs 12m ago 1.81% (target <= -2.0% for YES) |
| Gross Margin 26.88% (prev 24.40%; Δ 2.48pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 120.7% (prev 109.8%; Δ 10.95pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.38 (EBITDA TTM 29.8m / Interest Expense TTM 10.1m) >= 6 (WARN >= 3) |
Altman Z'' 0.52
| (A) 0.16 = (Total Current Assets 607.7m - Total Current Liabilities 410.0m) / Total Assets 1.20b |
| (B) -0.08 = Retained Earnings (Balance) -95.4m / Total Assets 1.20b |
| (C) -0.02 = EBIT TTM -23.9m / Avg Total Assets 1.20b |
| (D) -0.16 = Book Value of Equity -95.7m / Total Liabilities 587.9m |
| Total Rating: 0.52 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 38.36
| 1. Piotroski 5.50pt |
| 2. FCF Yield 7.91% |
| 3. FCF Margin 3.86% |
| 4. Debt/Equity 0.31 |
| 5. Debt/Ebitda 4.04 |
| 6. ROIC - WACC (= -15.06)% |
| 7. RoE -6.56% |
| 8. Rev. Trend -24.73% |
| 9. EPS Trend -31.17% |
What is the price of CRSR shares?
Over the past week, the price has changed by +17.69%, over one month by -21.82%, over three months by -26.58% and over the past year by -11.29%.
Is CRSR a buy, sell or hold?
- Strong Buy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CRSR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 9.1 | 39% |
| Analysts Target Price | 9.1 | 39% |
| ValueRay Target Price | 5.1 | -21.2% |
CRSR Fundamental Data Overview November 21, 2025
P/E Forward = 20.4499
P/S = 0.4045
P/B = 0.9748
Beta = 1.49
Revenue TTM = 1.45b USD
EBIT TTM = -23.9m USD
EBITDA TTM = 29.8m USD
Long Term Debt = 116.8m USD (from longTermDebt, last quarter)
Short Term Debt = 20.4m USD (from shortTermDebt, last quarter)
Debt = 186.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 120.4m USD (from netDebt column, last quarter)
Enterprise Value = 706.6m USD (586.2m + Debt 186.2m - CCE 65.8m)
Interest Coverage Ratio = -2.38 (Ebit TTM -23.9m / Interest Expense TTM 10.1m)
FCF Yield = 7.91% (FCF TTM 55.9m / Enterprise Value 706.6m)
FCF Margin = 3.86% (FCF TTM 55.9m / Revenue TTM 1.45b)
Net Margin = -2.74% (Net Income TTM -39.7m / Revenue TTM 1.45b)
Gross Margin = 26.88% ((Revenue TTM 1.45b - Cost of Revenue TTM 1.06b) / Revenue TTM)
Gross Margin QoQ = 26.92% (prev 26.83%)
Tobins Q-Ratio = 0.59 (Enterprise Value 706.6m / Total Assets 1.20b)
Interest Expense / Debt = 1.00% (Interest Expense 1.86m / Debt 186.2m)
Taxrate = -25.02% (negative due to tax credits) (2.08m / -8.31m)
NOPAT = -29.9m (EBIT -23.9m * (1 - -25.02%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 1.48 (Total Current Assets 607.7m / Total Current Liabilities 410.0m)
Debt / Equity = 0.31 (Debt 186.2m / totalStockholderEquity, last quarter 600.2m)
Debt / EBITDA = 4.04 (Net Debt 120.4m / EBITDA 29.8m)
Debt / FCF = 2.16 (Net Debt 120.4m / FCF TTM 55.9m)
Total Stockholder Equity = 604.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.31% (Net Income -39.7m / Total Assets 1.20b)
RoE = -6.56% (Net Income TTM -39.7m / Total Stockholder Equity 604.3m)
RoCE = -3.32% (EBIT -23.9m / Capital Employed (Equity 604.3m + L.T.Debt 116.8m))
RoIC = -4.01% (negative operating profit) (NOPAT -29.9m / Invested Capital 746.7m)
WACC = 11.05% (E(586.2m)/V(772.4m) * Re(14.17%) + D(186.2m)/V(772.4m) * Rd(1.00%) * (1-Tc(-0.25)))
Discount Rate = 14.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.03%
[DCF Debug] Terminal Value 48.29% ; FCFE base≈44.3m ; Y1≈29.1m ; Y5≈13.3m
Fair Price DCF = 1.23 (DCF Value 131.0m / Shares Outstanding 106.6m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -31.17 | EPS CAGR: -25.89% | SUE: -0.07 | # QB: 0
Revenue Correlation: -24.73 | Revenue CAGR: -9.87% | SUE: -0.43 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.14 | Chg30d=-0.014 | Revisions Net=-1 | Analysts=6
EPS current Year (2025-12-31): EPS=0.45 | Chg30d=-0.048 | Revisions Net=-4 | Growth EPS=+1611.6% | Growth Revenue=+10.8%
EPS next Year (2026-12-31): EPS=0.64 | Chg30d=-0.058 | Revisions Net=-2 | Growth EPS=+41.6% | Growth Revenue=+8.5%
Additional Sources for CRSR Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle