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Corsair Gaming, Inc. (also referred to in this document as Corsair, we, the company, or the registrant ) is a leading global provider and innovator of high-performance products for gamers and digital creators such as streamers, vloggers and broadcasters. Our industry-leading gaming products help digital athletes, from casual gamers to committed professionals, perform at their peak across person…
$9.82
+$1.73 (+21.38%)
Price from 7 days ago
Operating margin is thin at 0.14%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 11.9% YoY with margins expanding 3.9pp.
At 109x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
109.1x earnings, 23.5x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.46B
▲ +11.9% YoY
Net Income (TTM)
$7M
▲ +81.0% YoY
Op. Margin
1.24%
▲ +3.9pp YoY
ROIC
2.16%
▲ +4.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$45M
▲ +33.5% YoY
Op. Cash Flow (TTM)
$61M
▲ +39.7% YoY
Net Debt
$68M
Cash & Equiv.
$120M
5Y CAGR: -2.9%
5Y CAGR: -26.3%
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