Credo Technology Group Holding Ltd

Technology
Semiconductors
www.credosemi.com

Moat Score

Market Cap $11.13B
PE -467
Debt $NaN
Cash $239.24M
EV $NaN
FCF -$29.94M

Earnings

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Sales & Net Margins

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Earnings	-$23.81M
EBIT	-$17.19M
ROE	-4%
ROA	-3%
FCF	-$29.94M
Equity	$567.91M
Growth Stability	1
PE	-467.49
PB	19.6
P/FCF	-371.88
P/S	45.33
Price/Cash	0.02
Net Margins	-10%
Gross Margins	63%
Op. Margins	-7%
Sales Growth YoY	64%
Sales Growth QoQ	21%
Sales CAGR	46%
Equity CAGR	24%
Earnings Growth YoY	-36%

Earnings Growth QoQ	-56%
Sales CAGR 5Y	46%
Equity CAGR 5Y	24%
Earnings CAGR 3Y	31%
Sales CAGR 3Y	31%
Equity CAGR 3Y	26%
Market Cap	$11.13B
Revenue	$245.59M
Assets	$638.55M
Cash	$239.24M
Shares Outstanding	165.79M
Moat Score	7%
Working Capital	488.61M
Current Ratio	10.84
Gross Profit	$155.32M
Shares Growth 3y	11%
Equity Growth QoQ	3%
Equity Growth YoY	62%

Assets & ROA

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Stockholders Equity & ROE

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Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that delivers improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.

SEC Filings

Direct access to Credo Technology Group Holding Ltd (CRDO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Nov 02
- 10-Q Aug 03
- 10-K Apr 27
- 10-Q Jan 27
2023
- 10-Q Oct 28
- 10-Q Jul 29
- 10-K Apr 29
- 10-Q Jan 28
2022
- 10-Q Oct 29
- 10-Q Jul 30
- 10-K Apr 30
- 10-Q Jan 31

Sector Comparison

How does Credo Technology Group Holding Ltd compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Credo Technology Group Holding Ltd compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Credo Technology Group Holding Ltd Discounted Cash Flow

Fully customizable DCF calculator online for Credo Technology Group Holding Ltd.

Years

Calculation mode

= -$299M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$30M	-$299M
DCF		-$27M	-$25M	-$22M	-$20M	-$19M	-$17M	-$15M	-$14M	-$13M	-$12M	-$115M
Value	-$299M

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	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Net Margins	0%	-47%	-21%	-9%	-15%	-10%
ROA	-	-	-6%	-5%	-4%	-3%
ROE	-	-	-7%	-5%	-5%	-4%

Bad Net Margins (-10.45%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher 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	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Debt over FCF	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	1

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.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good 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	04/2020	04/2021	04/2022	04/2023	04/2024	CAGR 5Y
Revenue YoY growth	-	9%	81%	73%	5%	46%
Earnings YoY growth	-	-	-19%	-25%	71%	-
Equity YoY growth	-	489%	-703%	4%	55%	24%
FCF YoY growth	-	154%	-0%	-4%	-137%	-