Turtle Beach Corporation operates as an audio technology company.
Turtle Beach Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$30.28|
|52 Week High||US$16.26|
|52 Week Low||US$38.70|
|1 Month Change||7.34%|
|3 Month Change||-4.96%|
|1 Year Change||81.64%|
|3 Year Change||50.35%|
|5 Year Change||491.41%|
|Change since IPO||-52.84%|
Recent News & Updates
Turtle Beach: Gaming Market Winner Can Keep Running
Turtle Beach reports its Q2 results highlighted by a resilient gaming market demand following the record 2020 and the difficult comps. The company is expanding its product offering with the launch of gaming controllers, representing a new growth driver. The company is well positioned to benefit from the ongoing momentum in eSports and live streaming, which have gained popularity. We are bullish on the stock, which maintains a positive long-term outlook with overall solid fundamentals.
|HEAR||US Tech||US Market|
Return vs Industry: HEAR exceeded the US Tech industry which returned 40.4% over the past year.
Return vs Market: HEAR exceeded the US Market which returned 36.2% over the past year.
Stable Share Price: HEAR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: HEAR's weekly volatility (5%) has been stable over the past year.
About the Company
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, tablets, and mobile 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.
Turtle Beach Fundamentals Summary
|HEAR fundamental statistics|
Is HEAR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HEAR income statement (TTM)|
|Cost of Revenue||US$259.68m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.90|
|Net Profit Margin||10.71%|
How did HEAR perform over the long term?See historical performance and comparison
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 ($30.28) is trading below our estimate of fair value ($55.15)
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 (10.9x) compared to the US Tech industry average (20.1x).
PE vs Market: HEAR is good value based on its PE Ratio (10.9x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: HEAR is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: HEAR is overvalued based on its PB Ratio (3.6x) compared to the US Tech industry average (2.4x).
How is Turtle Beach forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEAR's forecast earnings growth (7.6% per year) is above the savings rate (2%).
Earnings vs Market: HEAR's earnings (7.6% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: HEAR's earnings are forecast to grow, but not significantly.
Revenue vs Market: HEAR's revenue (6.5% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: HEAR's revenue (6.5% 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
How has Turtle Beach performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEAR has a high level of non-cash earnings.
Growing Profit Margin: HEAR's current net profit margins (10.7%) are higher than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: HEAR has become profitable over the past 5 years, growing earnings by 71.5% per year.
Accelerating Growth: HEAR's earnings growth over the past year (103.8%) exceeds its 5-year average (71.5% per year).
Earnings vs Industry: HEAR earnings growth over the past year (103.8%) exceeded the Tech industry 48.6%.
Return on Equity
High ROE: HEAR's Return on Equity (33.4%) is considered high.
How is Turtle Beach's financial position?
Financial Position Analysis
Short Term Liabilities: HEAR's short term assets ($185.6M) exceed its short term liabilities ($80.7M).
Long Term Liabilities: HEAR's short term assets ($185.6M) exceed its long term liabilities ($8.3M).
Debt to Equity History and Analysis
Debt Level: HEAR is debt free.
Reducing Debt: HEAR has no debt compared to 5 years ago when its debt to equity ratio was 570.3%.
Debt Coverage: HEAR has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HEAR has no debt, therefore coverage of interest payments is not a concern.
What is Turtle Beach current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HEAR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HEAR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HEAR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HEAR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HEAR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Juergen Stark (54 yo)
Mr. Juergen Stark serves as Venture Partner at Analytics Ventures. He has been the Chief Executive Officer of Turtle Beach Corporation (a/k/a, VTB Holdings Inc) since September 2012 and serves as its Presi...
CEO Compensation Analysis
Compensation vs Market: Juergen's total compensation ($USD2.28M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Juergen's compensation has been consistent with company performance over the past year.
Experienced Management: HEAR's management team is considered experienced (4.5 years average tenure).
Experienced Board: HEAR's board of directors are not considered experienced ( 1.9 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 been diluted in the past year, with total shares outstanding growing by 10.1%.
Turtle Beach Corporation's employee growth, exchange listings and data sources
- Name: Turtle Beach Corporation
- Ticker: HEAR
- Exchange: NasdaqGM
- Founded: 1975
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$488.222m
- Shares outstanding: 16.07m
- Website: https://corp.turtlebeach.com
Number of Employees
- Turtle Beach Corporation
- 44 South Broadway
- 4th Floor
- White Plains
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 22:59|
|End of Day Share Price||2021/09/23 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.