(CRSR) Corsair Gaming - Overview
Sector: Technology | Industry: Computer Hardware | Exchange: NASDAQ (USA) | Market Cap: 963m USD | Total Return: -5.3% in 12m
Avg Turnover: 24.4M
Qual. Beats: 0
Rev. Trend: 14.8%
Qual. Beats: 0
Warnings
P/E ratio 100.1
Below Avwap Earnings
Tailwinds
No distinct edge detected
Corsair Gaming, Inc. (CRSR) is a global developer of high-performance gear for gamers, content creators, and PC enthusiasts. The company operates through two primary segments: Gamer and Creator Peripherals, which includes Elgato-branded streaming hardware and Scuf controllers, and Gaming Components and Systems, which provides essential PC hardware such as power supplies, cooling systems, and memory modules.
The business model relies on a multi-channel distribution strategy encompassing direct-to-consumer sales, major e-retailers, and brick-and-mortar partnerships. As a participant in the Technology Hardware sector, Corsair faces high cyclicality tied to PC upgrade cycles and GPU release schedules. The company differentiates itself through integrated software ecosystems like iCUE and Elgato, which aim to increase customer retention by linking hardware components through a unified interface.
Investors looking for deeper financial metrics should evaluate the companys valuation trends on ValueRay. Founded in 1994 and headquartered in Milpitas, California, Corsair has expanded its portfolio to include AI workstations and sim racing equipment to capture emerging growth in the high-end computing market.
- Content creator adoption of Elgato streaming hardware drives high-margin revenue growth
- PC component demand fluctuates with GPU release cycles and memory pricing
- Sim racing product expansion diversifies revenue beyond traditional gaming peripherals
- High inventory levels and promotional discounting impact gross margin performance
- Global consumer discretionary spending levels dictate demand for premium gaming systems
| Net Income: 5.43m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.85 > 1.0 |
| NWC/Revenue: 17.52% < 20% (prev 16.03%; Δ 1.49% < -1%) |
| CFO/TA 0.05 > 3% & CFO 61.1m > Net Income 5.43m |
| Net Debt (69.7m) to EBITDA (71.6m): 0.97 < 3 |
| Current Ratio: 1.74 > 1.5 & < 3 |
| Outstanding Shares: last quarter (107.8m) vs 12m ago 2.41% < -2% |
| Gross Margin: 30.16% > 18% (prev 25.45%; Δ 4.71% > 0.5%) |
| Asset Turnover: 120.6% > 50% (prev 108.8%; Δ 11.77% > 0%) |
| Interest Coverage Ratio: 2.05 > 6 (EBIT TTM 17.2m / Interest Expense TTM 8.37m) |
| A: 0.22 (Total Current Assets 599.4m - Total Current Liabilities 344.1m) / Total Assets 1.18b |
| B: -0.05 (Retained Earnings -59.4m / Total Assets 1.18b) |
| C: 0.01 (EBIT TTM 17.2m / Avg Total Assets 1.21b) |
| D: 1.25 (Book Value of Equity 647.6m / Total Liabilities 516.5m) |
| Altman-Z'' = 2.67 = A |
| DSRI: 0.75 (Receivables 178.4m/219.2m, Revenue 1.46b/1.35b) |
| GMI: 0.84 (GM 25.45% / 30.16%) |
| AQI: 1.10 (AQ_t 0.46 / AQ_t-1 0.42) |
| SGI: 1.08 (Revenue 1.46b / 1.35b) |
| TATA: -0.05 (NI 5.43m - CFO 61.1m) / TA 1.18b) |
| Beneish M = -3.26 (Cap -4..+1) = AA |
As of June 08, 2026, the stock is trading at USD 9.01 with a total of 3,370,394 shares traded.
Over the past week, the price has changed by -25.78%,
over one month by +27.08%,
over three months by +58.91% and
over the past year by -5.26%.
Corsair Gaming has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy CRSR.
- StrongBuy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 8.8 | -2.2% |
P/E Trailing = 100.1111
P/E Forward = 20.4499
P/S = 0.6608
P/B = 1.638
Revenue TTM = 1.46b USD
EBIT TTM = 17.2m USD
EBITDA TTM = 71.6m USD
Long Term Debt = 113.7m USD (from longTermDebt, last quarter)
Short Term Debt = 6.12m USD (from shortTermDebt, last quarter)
Debt = 187.9m USD (corrected: LT Debt 113.7m + ST Debt 6.12m) + Leases 68.0m
Net Debt = 69.7m USD (calculated: Debt 187.9m - CCE 118.2m)
Enterprise Value = 1.03b USD (963.0m + Debt 187.9m - CCE 118.2m)
Interest Coverage Ratio = 2.05 (Ebit TTM 17.2m / Interest Expense TTM 8.37m)
EV/FCF = 22.88x (Enterprise Value 1.03b / FCF TTM 45.1m)
FCF Yield = 4.37% (FCF TTM 45.1m / Enterprise Value 1.03b)
FCF Margin = 3.10% (FCF TTM 45.1m / Revenue TTM 1.46b)
Net Margin = 0.37% (Net Income TTM 5.43m / Revenue TTM 1.46b)
Gross Margin = 30.16% ((Revenue TTM 1.46b - Cost of Revenue TTM 1.02b) / Revenue TTM)
Gross Margin QoQ = 32.73% (prev 33.09%)
Tobins Q-Ratio = 0.88 (Enterprise Value 1.03b / Total Assets 1.18b)
Interest Expense / Debt = 4.45% (Interest Expense 8.37m / Debt 187.9m)
Taxrate = 6.64% (598k / 9.01m)
NOPAT = 16.0m (EBIT 17.2m * (1 - 6.64%))
Current Ratio = 1.74 (Total Current Assets 599.4m / Total Current Liabilities 344.1m)
Debt / Equity = 0.29 (Debt 187.9m / totalStockholderEquity, last quarter 647.6m)
Debt / EBITDA = 0.97 (Net Debt 69.7m / EBITDA 71.6m)
Debt / FCF = 1.54 (Net Debt 69.7m / FCF TTM 45.1m)
Total Stockholder Equity = 621.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.45% (Net Income 5.43m / Total Assets 1.18b)
RoE = 0.87% (Net Income TTM 5.43m / Total Stockholder Equity 621.3m)
RoCE = 2.34% (EBIT 17.2m / Capital Employed (Equity 621.3m + L.T.Debt 113.7m))
RoIC = 2.09% (NOPAT 16.0m / Invested Capital 766.5m)
WACC = 14.48% (E(963.0m)/V(1.15b) * Re(16.49%) + D(187.9m)/V(1.15b) * Rd(4.45%) * (1-Tc(0.07)))
Discount Rate = 16.49% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 60.0 | Cagr: 0.65%
[DCF] Terminal Value 53.87% ; FCFF base≈55.3m ; Y1≈48.5m ; Y5≈39.1m
[DCF] Fair Price = 2.31 (EV 316.3m - Net Debt 69.7m = Equity 246.6m / Shares 106.9m; r=14.48% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.55 | # QB: 0
Revenue Correlation: 14.76 | Revenue CAGR: 0.66% | SUE: 0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.07 | Chg30d=-28.95% | Revisions=-43% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.11 | Chg30d=-17.04% | Revisions=-45% | Analysts=8
EPS current Year (2026-12-31): EPS=0.71 | Chg30d=+2.52% | Revisions=+17% | GrowthEPS=+15.0% | GrowthRev=-3.2%
EPS next Year (2027-12-31): EPS=0.77 | Chg30d=+1.71% | Revisions=+9% | GrowthEPS=+7.6% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: -45%