Corsair Gaming, Inc. logo CRSR - Corsair Gaming, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $7.75 DETAILS
HIGH: $9.00
LOW: $6.00
MEDIAN: $8.00
CONSENSUS: $7.75
DOWNSIDE: 19.69%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 78.2% above fair value
Current Price $9.65
Bear Case $4.36 54.8% downside ($4.36 - $9.65) / $9.65 = -54.8% 4% stage 1 growth, 12% discount
Fair Value $5.41 43.9% downside ($5.41 - $9.65) / $9.65 = -43.9% 7% stage 1 growth, 12% discount
Bull Case $6.38 33.9% downside ($6.38 - $9.65) / $9.65 = -33.9% 9% stage 1 growth, 12% discount

Adjust Assumptions

7.3%
12.0%
3.0%

Key Value Driver

FCF growth rate (7% base case)

Terminal Value % of EV 32%
Implied Market Multiple 30.3x
Market is pricing in (growth) 16.5% vs our 7.3% base

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $7.75 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $5.41 per share.

Warnings

Wall Street's average price target is $7.75 (from 11 analysts). Our estimate is 38% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions