Corsair Gaming (CRSR) versus Its Competitors Head-To-Head Comparison

Corsair Gaming (NASDAQ:CRSR) is one of 82 public companies in the “Technology Hardware, Storage & Peripherals” industry, but how does it contrast to its peers? We will compare Corsair Gaming to similar companies based on the strength of its valuation, earnings, risk, dividends, institutional ownership, analyst recommendations and profitability.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Corsair Gaming and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Corsair Gaming	1	4	3	0	2.25
Corsair Gaming Competitors	1112	4392	7802	379	2.54

Corsair Gaming currently has a consensus price target of $12.29, indicating a potential downside of 4.02%. As a group, “Technology Hardware, Storage & Peripherals” companies have a potential upside of 80.87%. Given Corsair Gaming’s peers stronger consensus rating and higher probable upside, analysts plainly believe Corsair Gaming has less favorable growth aspects than its peers.

Institutional and Insider Ownership

25.7% of Corsair Gaming shares are owned by institutional investors. Comparatively, 51.5% of shares of all “Technology Hardware, Storage & Peripherals” companies are owned by institutional investors. 54.5% of Corsair Gaming shares are owned by company insiders. Comparatively, 10.9% of shares of all “Technology Hardware, Storage & Peripherals” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Volatility & Risk

Corsair Gaming has a beta of 1.95, meaning that its share price is 95% more volatile than the S&P 500. Comparatively, Corsair Gaming’s peers have a beta of 1.75, meaning that their average share price is 75% more volatile than the S&P 500.

Earnings and Valuation

This table compares Corsair Gaming and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Corsair Gaming	$1.45 billion	-$12.47 million	42.67
Corsair Gaming Competitors	$26.24 billion	$3.72 billion	4.62

Corsair Gaming’s peers have higher revenue and earnings than Corsair Gaming. Corsair Gaming is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Corsair Gaming and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Corsair Gaming	2.36%	13.10%	6.88%
Corsair Gaming Competitors	-113.06%	-31.03%	7.34%

Summary

Corsair Gaming peers beat Corsair Gaming on 8 of the 13 factors compared.

About Corsair Gaming

Corsair Gaming, Inc., together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products. The company also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs and laptops, gaming monitors, and others; and PC gaming software comprising iCUE for gamers and Elgato streaming suite for content creators, as well as digital services. It sells its products through e-retail, retail, and direct-to-consumer channels and distributors. Corsair Gaming, Inc. was formerly known as Corsair Components (Cayman) Ltd and changed its name to Corsair Gaming, Inc in August 2017. The company was incorporated in 1994 and is headquartered in Milpitas, California.