YOLFTbeta
Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd

CRDO · NASDAQ · Technology / Semiconductors

131.51USD-8.30 (-5.94%)

Price History

Full chart

Market Stats

Previous Close139.81
Open138.95
Day Range126.26 – 141.00
52-Week Range86.49 – 308.67
Volume6.46M
Market Cap27.68B
P/E (TTM)52.23
Forward P/E26.81
EPS2.82
Dividend Yield0.00%
Beta3.25
50-Day Avg197.32
200-Day Avg180.86

About

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets. The company offers ZeroFlap (ZF) active electrical cables and ZF optical transceivers, OmniConnect memory solutions, and a suite of retimers and DSPs for optical and copper Ethernet and PCIe, as well as integrated circuits, active electrical cables, and SerDes chiplets. It also provides intellectual property (IP) solutions, including SerDes IP licensing. The company offers was founded in 2008 and is headquartered in Grand Cayman, the Cayman Islands.

Company Details

  • SectorTechnology
  • IndustrySemiconductors
  • CEOMr. William J. Brennan
  • Employees807
  • HeadquartersUgland House, Grand Cayman, Cayman Islands, KY1-1104, USA
  • Websitehttps://credosemi.com

Leadership

  • Mr. William J. BrennanPresident, CEO & Chairman · b. 1964
  • Mr. Chi Fung ChengCo-founder, CTO & Director · b. 1969
  • Mr. Yat Tung LamCo-founder, COO & Director · b. 1967
  • Mr. Daniel FlemingChief Financial Officer · b. 1967
  • Mr. James L. LaufmanChief Legal Officer & Secretary · b. 1965
  • Mr. Daniel J. O'NeilVP of Investor Relations & Treasurer · b. 1971
  • Mr. David MatukaitisVP of Corporate Development and FP&A
  • Mr. Phillip Ralph KuminSenior Vice President of Global Sales · b. 1966
  • Ms. Diane VanasseVice President of Marketing Communications
  • Ms. Kimberly Sullivan CassadySenior Vice President of People

Financials

Income Statement

Currency: USD2020-04-302021-04-302022-04-302023-04-302024-04-302025-04-302026-04-30
Total Revenue53.84M58.70M106.48M184.19M192.97M436.77M1.34B
Growth (%)-+9.03%+81.40%+72.99%+4.76%+126.34%+205.68%
Cost of Revenue7.73M20.42M42.46M78.00M73.54M153.87M426.77M
Gross Profit46.11M38.28M64.02M106.19M119.43M282.91M908.35M
Gross Margin85.64%65.21%60.12%57.65%61.89%64.77%68.04%
Operating Expense44.03M63.51M85.98M127.43M156.49M244.91M463.34M
Operating Income2.07M-25.23M-21.97M-21.23M-37.06M38.00M445.00M
Operating Margin3.85%-42.99%-20.63%-11.53%-19.20%8.70%33.33%
EBITDA3.88M-23.02M-14.04M-9.31M-22.52M76.81M510.07M
EBITDA Margin7.21%-39.21%-13.19%-5.06%-11.67%17.59%38.20%
Net Income1.33M-27.51M-22.18M-16.55M-28.37M52.18M472.28M
Net Income Margin2.47%-46.87%-20.83%-8.98%-14.70%11.95%35.37%
R&D27.56M34.84M47.95M76.77M95.53M145.99M279.38M
R&D as % of Total Revenue51.20%59.36%45.03%41.68%49.51%33.43%20.93%
Interest Expense062.00K6.51M6.51M---
Interest Expense % of Total Revenue0.00%0.11%6.12%3.54%---

Balance Sheet

Currency: USD2020-04-302021-04-302022-04-302023-04-302024-04-302025-04-302026-04-30
Total Assets108.04M155.49M375.69M397.29M601.93M809.26M2.30B
Total Liabilities117.45M210.92M41.53M49.65M61.73M127.67M232.01M
Total Equity-9.41M-55.43M334.16M347.63M540.20M681.58M2.06B
Cash73.91M103.76M259.32M108.58M66.94M236.33M1.16B
Total Debt98.62M197.97M17.19M15.50M13.87M16.04M25.45M
Net Debt-73.91M-103.76M-242.13M-93.08M-53.07M-220.29M-1.14B

Cash Flow

Currency: USD2020-04-302021-04-302022-04-302023-04-302024-04-302025-04-302026-04-30
Operating Cash Flow-10.25M-42.36M-30.83M-24.61M32.74M65.08M464.29M
Investing Cash Flow-8.83M-6.06M-17.58M-130.94M-249.49M111.99M-253.53M
Financing Cash Flow61.21M77.89M204.18M4.88M175.28M-7.73M717.63M
Capital Expenditure8.83M6.06M17.58M21.71M15.65M36.06M57.30M
Free Cash Flow-19.09M-48.42M-48.41M-46.33M17.09M29.02M407.00M
FCF to OCF186.14%114.30%157.02%188.21%52.19%44.59%87.66%

Earnings

Report DateSep 13, 2021Jan 31, 2022Mar 9, 2022Jun 1, 2022Aug 31, 2022Nov 30, 2022Mar 1, 2023May 31, 2023Aug 24, 2023Nov 29, 2023Feb 27, 2024May 29, 2024Sep 4, 2024Dec 2, 2024Mar 4, 2025Jun 2, 2025Sep 3, 2025Dec 1, 2025Mar 2, 2026Jun 1, 2026Sep 1, 2026Dec 7, 2026
EPS Estimate0.00-0.03-0.010.000.030.030.04-0.04-0.03-0.010.030.050.040.050.180.270.360.500.941.030.931.03
EPS Actual-0.20-0.090.030.020.030.020.05-0.04-0.030.010.040.070.040.070.250.350.520.671.071.160.78-
Surprise--200.00%400.00%426.32%0.00%-33.33%25.00%0.00%0.00%200.00%33.33%40.00%0.00%40.00%38.89%29.63%44.44%34.00%13.83%12.62%-16.13%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap27.68B
Enterprise Value30.88B
Trailing P/E52.23
Forward P/E26.81
Price / Sales17.40
Price / Book11.59
EPS2.82
Book Value14.53
Revenue (TTM)1.59B
Gross Profit (TTM)1.07B
EBITDA543.25M
Profit Margin33.83%
Operating Margin25.20%
Return on Equity30.67%
Return on Assets16.11%
Shares Outstanding187.95M
Shares Float170.89M
Beta3.25
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 20 analystsTarget 284.05
  • Strong Buy
    14
  • Buy
    5
  • Hold
    1

Ownership Breakdown

Institutions
73.81%
Insiders
9.15%
Retail / Other
17.04%

Top Institutional Holders

  • BlackRock Inc
    17.76M9.45%
  • Vanguard Portfolio Management, LLC
    8.22M4.38%
  • Vanguard Capital Management, LLC
    7.44M3.96%
  • Point72 Asset Management, L.P.
    6.15M3.27%
  • State Street Corp
    4.22M2.25%
  • Geode Capital Management, LLC
    3.23M1.72%
  • T. Rowe Price Associates, Inc.
    2.66M1.42%
  • Jennison Associates LLC
    2.66M1.41%
  • SRS Investment Management, LLC
    2.57M1.37%
  • Bank of America Corp
    2.18M1.16%
  • Millennium Management LLC
    2.00M1.06%
  • FMR Inc
    1.77M0.94%
  • The Goldman Sachs Group Inc
    1.56M0.83%
  • Rafferty Asset Management, LLC
    1.52M0.81%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    5.28M2.81%
  • iShares Semiconductor ETF
    4.00M2.13%
  • Vanguard Small Cap Index
    3.81M2.03%
  • Vanguard MStar Small Cap Growth Indx Inv
    2.12M1.13%
  • American Funds Growth Fd of Amer A
    1.98M1.05%
  • Swedbank Robur Technology A
    1.50M0.80%