Turtle Beach Corporation operates as an audio technology company.
Flawless balance sheet with reasonable growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: HEAR exceeded the US Consumer Durables industry which returned 7.3% over the past year.
Return vs Market: HEAR exceeded the US Market which returned 6% over the past year.
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
1 day ago | Simply Wall StEarnings Not Telling The Story For Turtle Beach Corporation (NASDAQ:HEAR)
5 days ago | Simply Wall StRead This Before Selling Turtle Beach Corporation (NASDAQ:HEAR) Shares
2 weeks ago | Simply Wall StHow Does Turtle Beach's (NASDAQ:HEAR) P/E Compare To Its Industry, After Its Big Share Price Gain?
Is Turtle Beach undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HEAR ($15.66) is trading below our estimate of fair value ($36.48)
Significantly Below Fair Value: HEAR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HEAR is poor value based on its PE Ratio (20.1x) compared to the Consumer Durables industry average (11.2x).
PE vs Market: HEAR is poor value based on its PE Ratio (20.1x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: HEAR is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: HEAR is overvalued based on its PB Ratio (3.8x) compared to the US Consumer Durables industry average (1.3x).
How is Turtle Beach forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEAR's forecast earnings growth (23.6% per year) is above the savings rate (2.2%).
Earnings vs Market: HEAR's earnings (23.6% per year) are forecast to grow faster than the US market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HEAR's revenue (9.4% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: HEAR's revenue (9.4% 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
How has Turtle Beach performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEAR has a large one-off loss of $2.6M impacting its March 31 2020 financial results.
Growing Profit Margin: HEAR's current net profit margins (5%) are lower than last year (13.8%).
Past Earnings Growth Analysis
Earnings Trend: HEAR has become profitable over the past 5 years, growing earnings by 54.3% per year.
Accelerating Growth: HEAR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HEAR had negative earnings growth (-71.9%) over the past year, making it difficult to compare to the Consumer Durables industry average (10.2%).
Return on Equity
High ROE: HEAR's Return on Equity (18.9%) is considered low.
How is Turtle Beach's financial position?
Financial Position Analysis
Short Term Liabilities: HEAR's short term assets ($65.6M) exceed its short term liabilities ($32.6M).
Long Term Liabilities: HEAR's short term assets ($65.6M) exceed its long term liabilities ($3.2M).
Debt to Equity History and Analysis
Debt Level: HEAR's debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: HEAR's debt to equity ratio has reduced from 31.2% to 0.5% over the past 5 years.
Debt Coverage: HEAR's debt is well covered by operating cash flow (5295%).
Interest Coverage: HEAR's interest payments on its debt are well covered by EBIT (7.8x coverage).
What is Turtle Beach current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HEAR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HEAR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HEAR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HEAR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HEAR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Juergen Stark (53yo)
Mr. Juergen Stark serves as Venture Partner at Analytics Ventures. He has been the Chief Executive Officer of Turtle Beach Corporation (a/k/a, VTB Holdings Inc) since January 2014 and serves as its Preside ...
CEO Compensation Analysis
Compensation vs Market: Juergen's total compensation ($USD2.20M) is above average for companies of similar size in the US market ($USD1.34M).
Compensation vs Earnings: Juergen's compensation has been consistent with company performance over the past year.
|CFO, Treasurer & Secretary||6.5yrs||US$992.04k||0.073% $166.3k|
|Senior Vice President of Global Operations||3.17yrs||no data||no data|
|CTO & Senior VP of Product Development||2.5yrs||no data||no data|
|General Counsel||3.33yrs||no data||no data|
|Sr. Director of PR/Communications||no data||no data||no data|
|Senior Vice President of Global Sales||3.92yrs||US$454.78k||no data|
|Senior Vice President of Global Marketing||0.50yr||no data||no data|
|Managing Director of EMEA & APAC||5.25yrs||no data||no data|
|Senior Vice President of Product Management||0.50yr||no data||no data|
Experienced Management: HEAR's management team is considered experienced (3.3 years average tenure).
|Independent Director||8.42yrs||US$131.22k||0.43% $977.9k|
|Independent Director||3.25yrs||US$136.22k||0.27% $625.6k|
|Lead Independent Director||0.50yr||US$138.72k||0.45% $1.0m|
|Independent Director||0.92yr||US$91.08k||0.095% $216.1k|
Experienced Board: HEAR's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Turtle Beach Corporation's company bio, employee growth, exchange listings and data sources
- Name: Turtle Beach Corporation
- Ticker: HEAR
- Exchange: NasdaqGM
- Founded: 1975
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: US$228.209m
- Shares outstanding: 14.57m
- Website: https://corp.turtlebeach.com
Number of Employees
- Turtle Beach Corporation
- 11011 Via Frontera
- Suite A/B
- San Diego
- United States
|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|
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, handheld consoles, personal computers, and mobile and tablet devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, and other accessories for the personal computer peripherals market under the brand of ROCCAT. It serves retailers, distributors, and other customers in North America, South America, Europe, the Middle East, Africa, Australia, and Asia. Turtle Beach Corporation was founded in 1975 and is headquartered in San Diego, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/09 00:08|
|End of Day Share Price||2020/07/08 00:00|
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.