Credo Technology Group Holding Ltd
General ticker "CRDO" information:
- Sector: Information Technology
- Industry: Semiconductors & Semiconductor Equipment
- Capitalization: $6.6B (TTM average)
Credo Technology Group Holding Ltd follows the US Stock Market performance with the rate: 64.7%.
Estimated limits based on current volatility of 5.1%: low 37.91$, high 41.99$
Factors to consider:
- China accounted for 14.6% of revenue in the fiscal year ended 2024-04-27
- US accounted for 25.7% of revenue in the fiscal year ended 2024-04-27
- Current price 36.9% above estimated high
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-04-27 to 2026-04-27
- 2024-04-27 to 2025-04-27 estimated range: [14.05$, 28.62$]
- 2025-04-27 to 2026-04-27 estimated range: [14.86$, 30.03$]
Financial Metrics affecting the CRDO estimates:
- Negative: Operating cash flow per share per price, % of 1.02 <= 1.79
- Positive: 0.04 < Non-GAAP EPS, $ of 0.09
- Negative: negative Operating income
- Negative: negative Net income
- Negative: Shareholder equity ratio, % of 89.74 > 63.75
- Positive: -0.29 < Industry operating profit margin (median), % of 0.08
- Negative: Industry inventory ratio change (median), % of 0.71 > 0.31
- Positive: Interest expense per share, $ of 0 <= 0
Short-term CRDO quotes
Long-term CRDO plot with estimates
Financial data
| YTD | 2022-04-30 | 2023-04-29 | 2024-04-27 |
|---|---|---|---|
| Operating Revenue | $106.48MM | $184.19MM | $192.97MM |
| Operating Expenses | $128.44MM | $205.43MM | $230.03MM |
| Operating Income | $-21.97MM | $-21.23MM | $-37.06MM |
| Non-Operating Income | $-0.24MM | $3.32MM | $14.31MM |
| R&D Expense | $47.95MM | $76.77MM | $95.53MM |
| Income(Loss) | $-22.21MM | $-17.91MM | $-22.75MM |
| Taxes | $-0.04MM | $-1.37MM | $5.62MM |
| Profit(Loss)* | $-22.18MM | $-16.55MM | $-28.37MM |
| Stockholders Equity | $334.16MM | $347.63MM | $540.20MM |
| Inventory | $27.34MM | $46.02MM | $25.91MM |
| Assets | $375.69MM | $397.29MM | $601.93MM |
| Operating Cash Flow | $-30.83MM | $-24.61MM | $32.74MM |
| Capital expenditure | $17.58MM | $21.71MM | $15.65MM |
| Investing Cash Flow | $-17.58MM | $-130.94MM | $-249.49MM |
| Financing Cash Flow | $204.18MM | $4.88MM | $175.28MM |
| Earnings Per Share** | $-0.25 | $-0.11 | $-0.18 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.