QualityDipStocks / Technology · Computer hardware
Corsair Gaming CRSR
Outside our quality screen, so we don’t track its dips. It’s 15% below its 52-week high.
Outside our quality screen, trading near our fair value estimate, 6% under its Market Value.
- Fair value est.
- $13.02+7%
- Market Value
- $13.04price −6%
- Off 52-wk high
- −15%
- Risk vs market
- Highbeta 2.65
52-week range 78% of the way from its 52-week low to its high
Price $12.20Fair value est. $13.02Market Value $13.04
5 bullish · 5 bearish See why
Repriced or dip?
Dip: business intact
The price is 15% below its 52-week high (Aug 7), but the business held up: net cash (cash minus debt) 0.0% of market cap since the high, shares outstanding unchanged, operating margin 0.0 pts.
Some numbers held up (net cash (cash minus debt) 0.0% of market cap since the high, shares outstanding unchanged, operating margin 0.0 pts), others slipped. The price is 15% below its 52-week high.
The price is 15% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 9 numbers, high vs now
- Revenue, last 12 months$1.5B → $1.5B (0.0%)about the same
- Earnings per share, 12 months$0.30 → $0.30 (0.0%)about the same
- Free cash flow, 12 months$90M → $90M (0.0%)held up
- Operating margin2.9% → 2.9% (0.0 pts)held up
- Shares outstanding0.0% (unchanged)held up
- Net cash (cash minus debt)0.0% of market cap since the highheld up
- Stock vs its sector (Technology)stock −15%, sector median −5% since Aug 7held up
- Price fall vs business numbersprice −15%, revenue/EPS/FCF median 0% (shown, not scored)
- Valuation multipleP/FCF 17.5× at the high → 14.8× now (shown, not scored)
No new report since the high (Aug 7, 2026): the business numbers are the same as then, so this read is capped at 65. Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($14.35, Aug 7) the price assumed about 5%/yr free-cash-flow growth; at the low ($4.58, Feb 12) about −7%; today about 2%. The last 3 years delivered −5%/yr (free cash flow).
Dashed line: what the last 3 years delivered, −5%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $14.35Aug 7 | $4.58Feb 12 | $12.20 |
| Implied growth | +5% | −7% | +2% |
| P/E | 47.1× | n/a | 40.0× |
| P/FCF | 17.5× | 8.7× | 14.8× |
| EV/Sales | 1.0× | 0.4× | 0.9× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, CRSR’s free cash flow would need to grow about 2% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much CRSR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 7.1× the S&P 500’s.
- Beta vs S&P 500
- 2.65
- Volatility
- 90% vs 13% SPY
- Correlation SPY
- 0.37
- Correlation QQQ
- 0.39
How it ranks
Where CRSR stands vs every one of the 2,467 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 5 measures
- Discount to fair value estimate7% · price below our base caseTop 42%of 1,507
- Free cash flow yield6.7% · free cash flow vs market capTop 26%of 1,690
- Revenue growth, last 12 months+3.1% · vs the 12 months beforeLowest 23%of 2,184
- Operating margin2.9% · of sales kept as operating profitLowest 22%of 1,549
- Return on invested capital7.1% · profit per dollar of capitalLowest 39%of 1,001
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $13.02 · MV $13.04 · FCF value $18.77
Assumes 3.0% growth for 5 years (revenue grew 2.3% a year FY22–FY25; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $0.82 a share (trailing 12 months to Jun 30, 2026), from the 10-Q filed Aug 6, 2026. Net cash $76M, not added.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationFree-cash-flow yield of 6.7% (price / FCF 14.8×): $90M of free cash in the last 12 months.
Balance sheetNet cash of $76M: cash and short-term investments exceed debt (Jun 30, 2026).
ProfitabilityGross margin widened to 28.9% in FY2025 from 24.7% in FY2023 (SEC filings).
Balance sheetDebt / equity of 0.2×, below the 0.4× median for the 163 Technology companies we cover.
ValuationTrades 6.4% below its Market Value of $13.04, the average price paid since the Aug 6 filing.
Top bearish points 5 of 5
Cash returnsFree cash flow fell 25% over the last 12 months vs the 12 months before.
Cash returnsShare count up 3.1% in a year: existing holders are being diluted.
ProfitabilityReturn on equity is only 5% over the last 12 months.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; sales down vs the year-ago quarter.
RiskSwings hard: beta 2.65 vs the S&P 500 and 90% yearly volatility (SPY 13%).
All fundamentals
P/E 40.0 · FCF yield 6.7% · ROE 5%
Valuation
- P/E
- 40.0×Technology median 33.2×
- Price / FCF
- 14.8×
- FCF yield
- 6.7%
- EV / EBITDA
- 22.0×
- Price / sales
- 0.92×
- Price / book
- 2.00×
- Market cap
- $1.3Bprice × diluted shares
- Enterprise value
- $1.3B
Growth
- Revenue, 12 months
- $1.5B
- Sales growth, 12 months
- +3.1%vs the 12 months before
- Sales growth, 3 yrs
- +2.3%/yrfrom FY2022
- Diluted EPS, 12 months
- $0.31
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $33M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 31.6%
- Operating margin
- 2.9%
- Net margin
- 2.3%
- FCF margin
- 6.2%
- Return on equity
- 5%
- Return on invested capital
- 7%
Balance sheet
- Cash & short-term inv.
- $194M
- Total debt
- $118M
- Net cash
- $76M
- Debt / equity
- 0.18×
- Interest coverage
- 5.6×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $90M
- FCF growth, 12 months
- −25%
- Dividend yield
- n/ano dividend payments tagged
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +3.1%diluted shares vs a year ago
- Stock-based comp
- $27M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Corsair Gaming’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.1B · Sales −2%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield6.7%
- Free-cash-flow margin5%
- Gross margin30%
- Operating margin−2%
- Return on invested capital−4%
- Return on equity6%
- Sales growth (latest quarter vs year-ago quarter)−2%
- Net debt / EBITDA−0.1×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $12.20
- 52-wk lowlowest close, 1 year$4.58−62.5%
- PriceMon Nov 2 close$12.20you are here
- Fair value est.base case$13.02+6.7%
- Market Valueavg paid since Aug 6$13.04+6.9%
- 52-wk highhighest close, 1 year$14.35+17.6%
Momentum & 52-week range
RSI 39 · 5 days −10.3%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 5
- DateThu Nov 5, after the close
- Consensus EPS$0.07
- Year-ago EPS$0.02
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
CRSR is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Corsair Gaming in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in Computer hardware
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.