Turtle Beach
Market Cap
US$383.2m
Last Updated
2021/01/23 23:41 UTC
Data Sources
Company Financials +
Executive Summary
Turtle Beach Corporation operates as an audio technology company. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with outstanding track record.
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
Stable Share Price: HEAR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: HEAR's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
16.5%
HEAR
9.0%
US Consumer Durables
2.3%
US Market
1 Year Return
203.6%
HEAR
27.0%
US Consumer Durables
23.8%
US Market
Return vs Industry: HEAR exceeded the US Consumer Durables industry which returned 26.9% over the past year.
Return vs Market: HEAR exceeded the US Market which returned 23.7% over the past year.
Shareholder returns
| HEAR | Industry | Market | |
|---|---|---|---|
| 7 Day | 16.5% | 9.0% | 2.3% |
| 30 Day | 2.0% | 8.2% | 4.8% |
| 90 Day | 30.7% | 14.0% | 14.5% |
| 1 Year | 203.6%203.6% | 28.6%27.0% | 26.6%23.8% |
| 3 Year | 1,179.7%1,179.7% | 27.3%22.8% | 45.0%35.4% |
| 5 Year | 374.2%374.2% | 98.6%85.4% | 126.2%101.0% |
Long-Term 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
2 weeks ago | Simply Wall St
Does Turtle Beach (NASDAQ:HEAR) Have The DNA Of A Multi-Bagger?4 weeks ago | Simply Wall St
What Is Turtle Beach Corporation's (NASDAQ:HEAR) Share Price Doing?1 month ago | Simply Wall St
Is Turtle Beach Corporation (NASDAQ:HEAR) Trading At A 42% Discount?Valuation
Is Turtle Beach undervalued compared to its fair value and its price relative to the market?
29.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HEAR ($25.23) is trading below our estimate of fair value ($35.86)
Significantly Below Fair Value: HEAR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HEAR is good value based on its PE Ratio (8.6x) compared to the US Consumer Durables industry average (16.2x).
PE vs Market: HEAR is good value based on its PE Ratio (8.6x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: HEAR is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: HEAR is overvalued based on its PB Ratio (4x) compared to the US Consumer Durables industry average (1.9x).
Next Steps
Future Growth
How is Turtle Beach forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
1.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEAR's forecast earnings growth (1.4% per year) is below the savings rate (2%).
Earnings vs Market: HEAR's earnings (1.4% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: HEAR's earnings are forecast to grow, but not significantly.
Revenue vs Market: HEAR's revenue (7.5% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: HEAR's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HEAR's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Turtle Beach performed over the past 5 years?
65.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEAR has high quality earnings.
Growing Profit Margin: HEAR's current net profit margins (13%) are higher than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: HEAR has become profitable over the past 5 years, growing earnings by 65.8% per year.
Accelerating Growth: HEAR's earnings growth over the past year (93.6%) exceeds its 5-year average (65.8% per year).
Earnings vs Industry: HEAR earnings growth over the past year (93.6%) exceeded the Consumer Durables industry 21%.
Return on Equity
High ROE: HEAR's Return on Equity (44.7%) is considered outstanding.
Next Steps
Financial Health
How is Turtle Beach's financial position?
Financial Position Analysis
Short Term Liabilities: HEAR's short term assets ($169.0M) exceed its short term liabilities ($98.1M).
Long Term Liabilities: HEAR's short term assets ($169.0M) exceed its long term liabilities ($7.7M).
Debt to Equity History and Analysis
Debt Level: HEAR is debt free.
Reducing Debt: HEAR has no debt compared to 5 years ago when its debt to equity ratio was 70.3%.
Debt Coverage: HEAR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HEAR has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Turtle Beach current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HEAR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HEAR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HEAR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HEAR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HEAR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Juergen Stark (53 yo)
7yrs
Tenure
US$2,197,266
Compensation
Mr. Juergen Stark serves as Venture Partner at Analytics Ventures. He has been the Chief Executive Officer of Turtle Beach Corporation (a/k/a, VTB Holdings Inc) since January 2014 and serves as its Preside...
CEO Compensation Analysis
Compensation vs Market: Juergen's total compensation ($USD2.20M) is above average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Juergen's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7yrs | US$2.20m | 0.54% $ 2.1m | |
| CFO, Treasurer & Secretary | 7yrs | US$992.04k | 0.076% $ 291.4k | |
| Senior Vice President of Global Operations | 3.67yrs | no data | no data | |
| CTO & Senior VP of Product Development | 3yrs | no data | no data | |
| General Counsel | 3.83yrs | no data | no data | |
| Sr. Director of PR/Communications | no data | no data | no data | |
| Senior Vice President of Global Sales | 4.42yrs | US$454.78k | no data | |
| Senior Vice President of Global Marketing | 1yr | no data | no data | |
| Managing Director of EMEA & APAC | 5.75yrs | no data | no data | |
| Senior Vice President of Product Management | 1yr | no data | no data |
3.8yrs
Average Tenure
53yo
Average Age
Experienced Management: HEAR's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 7yrs | US$2.20m | 0.54% $ 2.1m | |
| Independent Director | 8.92yrs | US$131.22k | 0.41% $ 1.6m | |
| Independent Director | 3.75yrs | US$136.22k | 0.26% $ 1.0m | |
| Lead Independent Director | 1yr | US$138.72k | 0.43% $ 1.7m | |
| Independent Director | 1.42yrs | US$91.08k | 0.091% $ 348.1k |
1.4yrs
Average Tenure
61.5yo
Average Age
Experienced Board: HEAR's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.
Top Shareholders
Company Information
Turtle Beach Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Turtle Beach Corporation
- Ticker: HEAR
- Exchange: NasdaqGM
- Founded: 1975
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: US$383.183m
- Shares outstanding: 15.19m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HEAR | NasdaqGM (Nasdaq Global Market) | Yes | New Common Stock | US | USD | Jan 2014 |
| 0P1A | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | Jan 2014 |
| 0ZNF | LSE (London Stock Exchange) | Yes | New Common Stock | GB | USD | Jan 2014 |
Biography
Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, h...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:41 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.