NasdaqGM:HEAR

Stock Analysis Report

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Executive Summary

Turtle Beach Corporation operates as an audio technology company. More Details


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

8.0%

HEAR

3.2%

US Consumer Durables

0.3%

US Market


1 Year Return

147.8%

HEAR

20.2%

US Consumer Durables

21.1%

US Market

Return vs Industry: HEAR exceeded the US Consumer Durables industry which returned 19.3% over the past year.

Return vs Market: HEAR exceeded the US Market which returned 19.5% over the past year.


Shareholder returns

HEARIndustryMarket
7 Day8.0%3.2%0.3%
30 Day-11.8%2.2%3.3%
90 Day24.7%6.9%14.2%
1 Year147.8%147.8%21.7%20.2%23.8%21.1%
3 Year1,041.1%1,041.1%15.1%10.9%45.0%35.4%
5 Year315.3%315.3%88.2%75.7%127.7%102.3%

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

Valuation

Is Turtle Beach undervalued compared to its fair value and its price relative to the market?

38.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HEAR ($22.43) is trading below our estimate of fair value ($36.28)

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 (7.6x) compared to the US Consumer Durables industry average (14.8x).

PE vs Market: HEAR is good value based on its PE Ratio (7.6x) compared to the US market (21x).


Price to Earnings Growth Ratio

PEG Ratio: HEAR is poor value based on its PEG Ratio (5.3x)


Price to Book Ratio

PB vs Industry: HEAR is overvalued based on its PB Ratio (3.6x) compared to the US Consumer Durables industry average (1.8x).


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 (10.3% 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 26%.


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 ($USD2.20M) is above average for companies of similar size in the US market ($USD1.66M).

Compensation vs Earnings: Juergen's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Juergen Stark
Chairman7yrsUS$2.20m0.54%
$ 1.8m
John Hanson
CFO, Treasurer & Secretary7yrsUS$992.04k0.076%
$ 259.0k
Jose Rosado
Senior Vice President of Global Operations3.67yrsno datano data
Joe Stachula
CTO & Senior VP of Product Development3yrsno datano data
Megan Wynne
General Counsel3.83yrsno datano data
MacLean Marshall
Sr. Director of PR/Communicationsno datano datano data
Cristopher Keirn
Senior Vice President of Global Sales4.42yrsUS$454.78kno data
Ryan Dell
Senior Vice President of Global Marketing1yrno datano data
Chris Auty
Managing Director of EMEA & APAC5.75yrsno datano data
Matt Seymour
Senior Vice President of Product Management1yrno datano data

3.8yrs

Average Tenure

53yo

Average Age

Experienced Management: HEAR's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Juergen Stark
Chairman7yrsUS$2.20m0.54%
$ 1.8m
Andrew Wolfe
Independent Director8.92yrsUS$131.22k0.41%
$ 1.4m
Lloyd Ballard
Independent Director3.75yrsUS$136.22k0.26%
$ 895.9k
William Keitel
Lead Independent Director1yrUS$138.72k0.43%
$ 1.5m
Kelly Thompson
Independent Director1.42yrsUS$91.08k0.091%
$ 309.4k

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$340.581m
  • 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

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 develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, h...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/19 23:50
End of Day Share Price2021/01/19 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.