CRUS CRUS

Name: CRUS Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 20, 2026

Price at analysis: $167.80

Crucible Score

67.4

B-

Quality × Value Composite

KQI — Quality

75.1

B+

Fundamental Quality Index

KVI — Value

57.9

Valuation Attractiveness Index

Crucible Verdict — CRUS

Crucible (CRUS) presents a quality-value disconnect, with strong financial metrics (85) and moat durability (80) undermined by poor diversification (49) and modest value proposition (57.9). The company trades at a 15% discount to fair value despite CEO Wally Rhines delivering a 97% earnings beat rate over his tenure. Insider selling signals caution despite the apparent valuation opportunity.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

84.7

Growth Profile

65.0

Moat Durability

79.8

Management Effectiveness

76.4

Diversification & Resilience

49.2

Market Position

68.0

Weakest dimension: Diversification & Resilience (49.2)

◆ KVI Value Dimensions

DCF Margin of Safety

64.7

FCF Yield & Cash Returns

77.2

Relative Valuation

69.2

Growth-Adjusted Value

10.6

Historical Valuation

42.9

Macro Context

81.1

◆ DCF Valuation Scenarios

Bear Case

$128.45

Base Case

$192.37

Bull Case

$283.60

Price at Analysis

$167.80

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$128.45	4.0%	17.0%	10.8%
🟢 Base	$192.37	7.0%	20.0%	10.0%
🟢 Bull	$283.60	10.0%	23.0%	9.1%

Key Assumptions: CRUS revenue has been volatile around $1.7-1.9B with a 5-year CAGR of roughly 7%; operating margins have ranged from 13-22%. WACC is derived using CAPM with a 5.5% ERP for the base case (risk-free 4.32% + 1.08 × ERP), adjusted ±80bps across scenarios. Tax rate normalized to 21% reflecting recent US statutory rate, with capex intensity at ~2% of revenue consistent with the fabless semiconductor model.

◆ Financial Snapshot

Profitability

Gross Margin52.9%

Operating Margin23.1%

Net Margin20.5%

ROIC15.3%

ROE19.2%

Balance Sheet

Balance SheetD/E: 0.12*, CR: 7.65* (* = TTM)

Cash ConversionFCF/EPS: 1.52x

Capital IntensityCapex/Rev: 1.5%

Altman Z-Score16.69 (Safe)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR8.5% CAGR

Earnings CAGR11.1% CAGR

Growth ConsistencyCV: 2.35

Segment Breadth2/2 growing (100%)

Quarterly TrendRev↑, Margin↑, WC↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOWally Rhines · 3 years

CEO Ownership1.2%

Compensation12% performance-based

Insider ActivitySelling

Capital AllocationROIC 15.3% vs WACC 0.5%

Earnings Beat Rate97% (21/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 20, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.