Corsair Gaming Intrinsic Value Calculator – CORSAIR GAMING Reports 14.6% Revenue Increase in Q2 of FY2023
August 27, 2023
☀️Earnings Overview
CORSAIR GAMING ($NASDAQ:CRSR) reported second quarter FY2023 earnings with total revenue of USD 325.4 million, a 14.6% increase from the same period in FY2022. Net income for the quarter was a vast improvement from the previous year, amounting to USD -4.5 million, compared to the prior year’s figure of -52.0 million.
Analysis – Corsair Gaming Intrinsic Value Calculator
GoodWhale is proud to take a look at CORSAIR GAMING‘s financials. After our analysis, we have come to the conclusion that the fair value of CORSAIR GAMING share is around $24.9. This value was calculated using our proprietary Valuation Line. Unfortunately, CORSAIR GAMING stock is currently trading at $18.3, meaning the shares are undervalued by 26.5%. This presents an opportunity for investors looking for a great deal in the gaming industry. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corsair Gaming. More…
| Total Revenues | Net Income | Net Margin |
| 1.39k | 10.18 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corsair Gaming. More…
| Operations | Investing | Financing |
| 100.31 | -21.94 | 66.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corsair Gaming. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.32k | 645.04 | 6.31 |
Key Ratios Snapshot
Some of the financial key ratios for Corsair Gaming are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | -76.5% | 0.2% |
| FCF Margin | ROE | ROA |
| 5.6% | 0.3% | 0.2% |
Peers
Their main competitors are Quixant PLC, Turtle Beach Corp, and Asetek A/S.
– Quixant PLC ($LSE:QXT)
Quixant PLC is a technology company that designs, manufactures and sells advanced monitoring, control and timing systems. The company has a market cap of 114.63M as of 2022 and a ROE of 6.78%. Quixant’s products are used in a variety of industries, including gaming, automotive, aerospace and defense. The company’s products are designed to provide customers with reliable, high-performance solutions.
– Turtle Beach Corp ($NASDAQ:HEAR)
Turtle Beach Corporation is a holding company that operates through its subsidiaries. The company is engaged in the design, manufacture and marketing of audio gaming headsets for video game consoles and personal computers. The company’s products are designed to enhance the gaming experience by providing audio clarity and customization. Turtle Beach’s headsets are sold through major retailers and distributors in North America, Europe, Australia and Asia. The company was founded in 1975 and is headquartered in Valhalla, New York.
– Asetek A/S ($LTS:0QDT)
Asetek A/S is a Denmark-based company engaged in the design and manufacturing of cooling solutions for computers, servers and consumer electronics. The Company’s product portfolio includes all-in-one (AIO) liquid coolers, server liquid cooling solutions, desktop and laptop external cooling solutions, and chipset and power semiconductor cooling solutions. It sells its products to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) in the gaming, personal computer (PC), workstation, server, appliance, and mobile device markets worldwide.
Summary
CORSAIR GAMING experienced strong growth in their second quarter of FY2023, with total revenue up 14.6% year-over-year to USD 325.4 million. Net income for the quarter was reported as USD -4.5 million, a dramatic improvement from the previous year’s figure, signaling a turn towards profitability. The impressive revenue growth and improving profit margins make CORSAIR GAMING a good investment opportunity for those interested in capitalizing on the gaming industry’s growth. The company has demonstrated an ability to generate strong revenue and there is room to continue to reduce costs and improve efficiency.
