Cricut, Inc.

Technology
Industrial Machinery/Components
www.cricut.com

Earnings Score
Moat Score

Market Cap $1.27B
PE 20
Debt $NaN
Cash $142.38M
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$62.19M
EBIT	$90.73M
ROE	13%
ROA	14%
Equity	$475.84M
Growth Stability	45%
PE	20.46
PEG	-0.66
PB	2.67
P/S	1.73
Price/Cash	0.11
Net Margins	10%
Gross Margins	48%
Op. Margins	12%
Earnings CAGR	-31%
Sales Growth YoY	-4%
Sales Growth QoQ	-0%
Sales CAGR	-14%
Equity CAGR	31%
Earnings Stability	-0.04
Earnings Growth YoY	-33%
Earnings Growth QoQ	-42%

Earnings CAGR 5Y	-31%
Sales CAGR 5Y	-14%
Equity CAGR 5Y	31%
Earnings CAGR 3Y	-19%
Sales CAGR 3Y	-19%
Equity CAGR 3Y	-16%
Market Cap	$1.27B
Revenue	$734.48M
Dividend Yield	9%
Payout Ratio	177%
Assets	$663.77M
Cash	$142.38M
Shares Outstanding	214.42M
Earnings Score	6%
Moat Score	92%
Working Capital	369.45M
Current Ratio	3.16
Gross Profit	$355.84M
Shares Growth 3y	1%
Equity Growth QoQ	6%
Equity Growth YoY	-10%

Assets & ROA

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Stockholders Equity & ROE

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Cricut Inc designs and builds a creativity platform that enables users to turn ideas into professional-looking handmade goods. With its connected machines, design apps and accessories, and materials, the users create everything from personalized birthday cards, mugs, and T-shirts to large-scale interior decorations. It derives revenues from three segments including Connected machines, Subscriptions, and Accessories and materials. It derives maximum revenue from the Accessories and Materials segment through the sales of Cricut EasyPress, hand tools, machine replacement tools and blades, project materials such as vinyl and iron-on, and sales of a la carte digital content purchases, including fonts, images, and projects.

SEC Filings

Direct access to Cricut, Inc. (CRCT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cricut, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cricut, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -31%

Stability -4%

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Cricut, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Cricut, Inc..

Years

Calculation mode

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fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	8%	16%	11%	7%	7%	10%
ROA	-	34%	19%	9%	11%	14%
ROE	-	68%	21%	9%	10%	13%

Good Net Margins (10.12%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-
Growth Stability	-	-	-	54%	45%	45%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (45%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	97%	36%	-32%	-14%	-14%
Earnings YoY growth	-	294%	-9%	-57%	-12%	-31%
Equity YoY growth	-	89%	194%	-0%	-20%	31%
FCF YoY growth	-	-	-	-	-	-