DB:0P1A

Stock Analysis Report

Executive Summary

Turtle Beach Corporation operates as an audio technology company.

Snowflake

Fundamentals

Outstanding track record with flawless balance sheet.


Similar Companies

Share Price & News

How has Turtle Beach's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

DB:0P1A

-0.2%

DE Consumer Durables

-0.7%

DE Market


1 Year Return

-65.7%

DB:0P1A

-14.6%

DE Consumer Durables

-10.8%

DE Market

0P1A underperformed the Consumer Durables industry which returned -17.3% over the past year.

0P1A underperformed the Market in Germany which returned -10% over the past year.


Share holder returns

0P1AIndustryMarket
7 Day3.0%-0.2%-0.7%
30 Day-9.4%-9.4%-3.9%
90 Day5.1%-13.5%-4.3%
1 Year-65.7%-65.7%-12.6%-14.6%-8.0%-10.8%
3 Year122.2%122.2%-10.4%-17.6%9.8%0.3%
5 Year-59.2%-59.2%22.4%6.0%24.0%6.8%

Price Volatility Vs. Market

How volatile is Turtle Beach's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Turtle Beach undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Turtle Beach's share price is below the future cash flow value, and at a moderate discount (> 20%).

Turtle Beach's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Turtle Beach is good value based on earnings compared to the DE Consumer Durables industry average.

Turtle Beach is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Turtle Beach is good value based on expected growth next year.


Price Based on Value of Assets

Turtle Beach is overvalued based on assets compared to the DE Consumer Durables industry average.


Next Steps

Future Growth

How is Turtle Beach expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Turtle Beach's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).

Turtle Beach's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

Turtle Beach's revenue growth is expected to exceed the Germany market average.

Turtle Beach's earnings growth is positive but not above the Germany market average.

Turtle Beach's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Turtle Beach is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Turtle Beach performed over the past 5 years?

34.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Turtle Beach has delivered over 20% year on year earnings growth in the past 5 years.

Turtle Beach's 1-year earnings growth exceeds its 5-year average (200.6% vs 34.5%)

Turtle Beach's earnings growth has exceeded the DE Consumer Durables industry average in the past year (200.6% vs -37.4%).


Return on Equity

Turtle Beach made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).


Return on Assets

Turtle Beach used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.


Return on Capital Employed

Turtle Beach has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Turtle Beach's financial position?


Financial Position Analysis

Turtle Beach is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Turtle Beach's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Turtle Beach's level of debt (24.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (30.8% vs 24.3% today).

Debt is well covered by operating cash flow (315.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 18x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 7.2x debt.


Next Steps

Dividend

What is Turtle Beach's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Turtle Beach's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Turtle Beach's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Turtle Beach has not reported any payouts.

Unable to verify if Turtle Beach's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Turtle Beach has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Turtle Beach's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Juergen Stark (52yo)

5.6yrs

Tenure

US$4,928,950

Compensation

Mr. Juergen Stark serves as Venture Partner at Analytics Ventures. He has been the Chief Executive Officer of Turtle Beach Corporation (a/k/a, VTB Holdings Inc) since January 2014 and serves as its Preside ...


CEO Compensation Analysis

Juergen's remuneration is higher than average for companies of similar size in Germany.

Juergen's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.1yrs

Average Tenure

52yo

Average Age

The tenure for the Turtle Beach management team is about average.


Board Age and Tenure

5.6yrs

Average Tenure

65yo

Average Age

The tenure for the Turtle Beach board of directors is about average.


Insider Trading

More shares have been bought than sold by Turtle Beach individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$46,64917 Jun 19
Ronald Doornink
EntityIndividual
Role
Chairman of the Board
Chairman
Shares5,000
Max PriceUS$9.33
BuyUS$45,85314 Jun 19
Ronald Doornink
EntityIndividual
Role
Chairman of the Board
Chairman
Shares4,938
Max PriceUS$9.29
BuyUS$20,62913 Jun 19
Ronald Doornink
EntityIndividual
Role
Chairman of the Board
Chairman
Shares2,305
Max PriceUS$8.95
BuyUS$44,73012 Jun 19
John Hanson
EntityIndividual
Role
Chief Financial Officer
CFO, Treasurer & Secretary
Shares4,900
Max PriceUS$9.13
BuyUS$131,47712 Jun 19
Ronald Doornink
EntityIndividual
Role
Chairman of the Board
Chairman
Shares15,941
Max PriceUS$8.25
BuyUS$90,77810 Jun 19
Juergen Stark
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares10,500
Max PriceUS$8.65
BuyUS$84,67210 Jun 19
Andrew Wolfe
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$8.47
SellUS$140,96519 Apr 19
Lloyd Ballard
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares13,500
Max PriceUS$10.44
SellUS$83,67019 Apr 19
William Keitel
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares8,013
Max PriceUS$10.44
SellUS$279,09227 Feb 19
Kenneth Fox
EntityIndividual
Shares20,014
Max PriceUS$13.94
SellUS$4,747,61620 Feb 19
Kenneth Fox
EntityIndividual
Shares302,164
Max PriceUS$16.11
SellUS$7,286,49319 Jan 19
Kenneth Fox
EntityIndividual
Shares500,000
Max PriceUS$15.46
SellUS$2,472,62318 Jan 19
Kenneth Fox
EntityIndividual
Shares180,876
Max PriceUS$14.18
SellUS$16,719,45417 Oct 18
Stripes Group LLC
EntityCompany
Shares901,516
Max PriceUS$20.63
SellUS$9,750,74214 Sep 18
Kenneth Fox
EntityIndividual
Shares501,516
Max PriceUS$21.51

Ownership Breakdown


Management Team

  • John Hanson (61yo)

    CFO, Treasurer & Secretary

    • Tenure: 5.6yrs
    • Compensation: US$948.42k
  • Juergen Stark (52yo)

    CEO, President & Director

    • Tenure: 5.6yrs
    • Compensation: US$4.93m
  • Chris Auty

    Managing Director of EMEA & APAC

    • Tenure: 4.3yrs
  • Megan Wynne

    General Counsel

    • Tenure: 2.4yrs
  • Cris Keirn (48yo)

    Senior Vice President of Global Consumer Sales

    • Tenure: 3.0yrs
    • Compensation: US$454.78k
  • Andrew Lilien

    Vice President of Marketing

    • Tenure: 3.2yrs
  • Jose Rosado

    Vice President of Global Operations

    • Tenure: 2.3yrs
  • Joe Stachula

    CTO & VP of Development

    • Tenure: 1.6yrs
  • MacLean Marshall

    Sr. Director of PR/Communications

    • Tenure: 0.0yrs

Board Members

  • Ron Doornink (65yo)

    Chairman

    • Tenure: 5.6yrs
    • Compensation: US$150.00k
  • Andrew Wolfe (56yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: US$131.97k
  • Greg Ballard (65yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$136.97k
  • Bill Keitel (66yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$139.47k
  • Juergen Stark (52yo)

    CEO, President & Director

    • Tenure: 5.6yrs
    • Compensation: US$4.93m
  • Kelly Thompson

    Director

    • Tenure: 0.0yrs

Company Information

Turtle Beach Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Turtle Beach Corporation
  • Ticker: 0P1A
  • Exchange: DB
  • Founded: 1975
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: US$134.387m
  • Listing Market Cap: US$121.177m
  • Shares outstanding: 14.50m
  • Website: https://corp.turtlebeach.com

Number of Employees


Location

  • Turtle Beach Corporation
  • 11011 Via Frontera
  • Suite A/B
  • San Diego
  • California
  • 92127
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HEARNasdaqGM (Nasdaq Global Market)YesNew Common StockUSUSDJan 2014
0P1ADB (Deutsche Boerse AG)YesNew Common StockDEEURJan 2014
0ZNFLSE (London Stock Exchange)YesNew Common StockGBUSDJan 2014

Biography

Turtle Beach Corporation operates as an audio technology company. It provides various gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, per ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 21:46
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.