CRDO - Credo Technology Group Holding Ltd
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$217.10
DETAILS
HIGH:
$260.00
LOW:
$170.00
MEDIAN:
$215.50
CONSENSUS:
$217.10
DOWNSIDE:
0.60%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 436.8 | 193.0 | 184.2 | 106.5 | 58.7 | 53.8 |
| Cost of Revenue | 153.9 | 73.5 | 78 | 42.5 | 20.4 | 7.7 |
| Gross Profit | 282.9 | 119.4 | 106.2 | 64.0 | 38.3 | 46.1 |
| Operating Expenses | ||||||
| R&D Expenses | 146.0 | 95.5 | 76.8 | 47.9 | 34.8 | 27.6 |
| SG&A Expenses | 98.9 | 60.2 | 48.2 | 34.9 | 28.7 | 16.5 |
| Other Expenses | 0 | 0.8 | 2.4 | 3.1 | 0 | 0 |
| Operating Expenses | 244.9 | 156.5 | 127.4 | 86.0 | 63.5 | 44.0 |
| Operating Income | ||||||
| Operating Income | 38.0 | (37.1) | (21.2) | (22.0) | (25.2) | 2.1 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | 59.9 | (22.5) | (9.3) | (14.0) | (23.0) | 3.9 |
| EBIT | 38.0 | (36.3) | (18.8) | (18.8) | (25.2) | 2.1 |
| Income Before Tax | 54.9 | (22.7) | (17.9) | (22.2) | (25.3) | 2.1 |
| Income Tax Expense | 2.7 | 5.6 | (1.4) | (0.0) | 2.2 | 0.8 |
| Net Income | 52.2 | (28.4) | (16.5) | (22.2) | (27.5) | 1.3 |
| Per Share Data | ||||||
| EPS (Basic) | 0.31 | -0.18 | -0.11 | -0.16 | -0.20 | 0.02 |
| EPS (Diluted) | 0.29 | -0.18 | -0.11 | -0.15 | -0.20 | 0.02 |
| Shares Outstanding | 167.5 | 155.1 | 146.6 | 142.5 | 139.9 | 72.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 236.3 | 66.9 | 108.6 | 259.3 | 103.8 | 73.9 |
| Short-Term Investments | 195.0 | 343.1 | 109.2 | 0 | 0 | 0 |
| Net Receivables | 162.1 | 81.2 | 59.0 | 39.6 | 18.2 | 18.0 |
| Inventory | 90.0 | 25.9 | 46.0 | 27.3 | 7.1 | 2.3 |
| Other Current Assets | 27.8 | 13.1 | 5.4 | 1.3 | 1.1 | 0.2 |
| Total Current Assets | 713.5 | 530.3 | 328.2 | 332.2 | 137.8 | 95.8 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 78.9 | 56.7 | 55.1 | 38.8 | 14.2 | 10.7 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 16.9 | 14.9 | 14.0 | 4.7 | 3.4 | 0.5 |
| Total Non-Current Assets | 95.7 | 71.7 | 69.1 | 43.5 | 17.7 | 12.2 |
| Total Assets | 809.3 | 601.9 | 397.3 | 375.7 | 155.5 | 108.0 |
| Current Liabilities | ||||||
| Account Payables | 56.2 | 13.4 | 6.1 | 8.5 | 3.6 | 2.5 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 3.9 | 4.0 | 1.2 | 4.1 | 4.5 |
| Other Current Liabilities | 17.4 | 9 | 6.5 | 4.7 | 1.5 | 9.4 |
| Total Current Liabilities | 107.7 | 44.6 | 31.0 | 26.5 | 12.5 | 18.6 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0.4 | 0 |
| Other Non-Current Liabilities | 7.3 | 5.9 | 5.4 | 0.2 | 198.0 | 98.9 |
| Total Non-Current Liabilities | 20.0 | 17.1 | 18.6 | 15.0 | 198.4 | 98.9 |
| Total Liabilities | 127.7 | 61.7 | 49.7 | 41.5 | 210.9 | 117.4 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (83.2) | (135.3) | (107.0) | (90.4) | (68.3) | (18.8) |
| Accumulated Other Comprehensive Income | (0.4) | (0.5) | (0.2) | 0.0 | 0.2 | (0.2) |
| Total Stockholders' Equity | 681.6 | 540.2 | 347.6 | 334.2 | (55.4) | (9.4) |
| Total Liabilities & Equity | 809.3 | 601.9 | 397.3 | 375.7 | 155.5 | 108.0 |
| Debt Metrics | ||||||
| Total Debt | 16.0 | 13.9 | 15.5 | 17.2 | 0 | 0 |
| Net Debt | (220.3) | (53.1) | (93.1) | (242.1) | (103.8) | (73.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 52.2 | (28.4) | (16.5) | (22.2) | (27.5) | 1.3 |
| Depreciation & Amortization | 21.9 | 13.8 | 9.5 | 4.8 | 2.2 | 1.8 |
| Stock-Based Compensation | 77.4 | 39.0 | 23.5 | 9.2 | 2.6 | 1.2 |
| Change in Working Capital | (108.4) | (0.7) | (50.4) | (29.6) | (19.6) | (14.8) |
| Other Non-Cash Items | 22.0 | 9.0 | 9.3 | 7.0 | (1.4) | 0.2 |
| Operating Cash Flow | 65.1 | 32.7 | (24.6) | (30.8) | (42.4) | (10.3) |
| Investing Activities | ||||||
| Capital Expenditure | (36.1) | (15.7) | (21.7) | (17.6) | (6.1) | (8.8) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (258.7) | (403.6) | (159.2) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 406.8 | 169.8 | 50 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 112.0 | (249.5) | (130.9) | (17.6) | (6.1) | (8.8) |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | (22.9) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (7.7) | 1.8 | 4.9 | 2.7 | 1.4 | 0.7 |
| Financing Cash Flow | (7.7) | 175.3 | 4.9 | 204.2 | 77.9 | 61.2 |
| Cash Position | ||||||
| Net Change in Cash | 169.4 | (41.6) | (150.7) | 155.6 | 29.8 | 42.2 |
| Cash at Beginning | 66.9 | 108.6 | 259.3 | 103.8 | 73.9 | 31.8 |
| Cash at End | 236.3 | 66.9 | 108.6 | 259.3 | 103.8 | 73.9 |
| Free Cash Flow | 29.0 | 17.1 | (46.3) | (48.4) | (48.4) | (19.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 436.8 | 193.0 | 184.2 | 106.5 | 58.7 | 53.8 |
| Gross Profit | 282.9 | 119.4 | 106.2 | 64.0 | 38.3 | 46.1 |
| Operating Income | 38.0 | (37.1) | (21.2) | (22.0) | (25.2) | 2.1 |
| Net Income | 52.2 | (28.4) | (16.5) | (22.2) | (27.5) | 1.3 |
| EPS (Diluted) | 0.29 | -0.18 | -0.11 | -0.15 | -0.20 | 0.02 |
| Balance Sheet | ||||||
| Cash & Equivalents | 236.3 | 66.9 | 108.6 | 259.3 | 103.8 | 73.9 |
| Total Assets | 809.3 | 601.9 | 397.3 | 375.7 | 155.5 | 108.0 |
| Total Debt | 16.0 | 13.9 | 15.5 | 17.2 | 0 | 0 |
| Stockholders' Equity | 681.6 | 540.2 | 347.6 | 334.2 | (55.4) | (9.4) |
| Cash Flow | ||||||
| Operating Cash Flow | 65.1 | 32.7 | (24.6) | (30.8) | (42.4) | (10.3) |
| Capital Expenditure | (36.1) | (15.7) | (21.7) | (17.6) | (6.1) | (8.8) |
| Free Cash Flow | 29.0 | 17.1 | (46.3) | (48.4) | (48.4) | (19.1) |