HEAR

Turtle BeachNasdaqGM:HEAR Stock Report

Market Cap

US$488.2m

7D

-1.5%

1Y

81.6%

Updated

23 Sep, 2021

Data

Company Financials +
HEAR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

HEAR Overview

Turtle Beach Corporation operates as an audio technology company.

Turtle Beach Competitors

Corsair Gaming

NasdaqGS:CRSR

US$2.5b

Mitsubishi

TSE:8058

JP¥5.1t

Logitech International

SWX:LOGN

CHF15.6b

Razer

SEHK:1337

HK$14.7b

Price History & Performance

Summary of all time highs, changes and price drops for Turtle Beach
Historical stock prices
Current Share PriceUS$30.28
52 Week HighUS$16.26
52 Week LowUS$38.70
Beta1.49
1 Month Change7.34%
3 Month Change-4.96%
1 Year Change81.64%
3 Year Change50.35%
5 Year Change491.41%
Change since IPO-52.84%

Recent News & Updates

Aug 10

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.

Shareholder Returns

HEARUS TechUS Market
7D-1.5%-2.7%-1.7%
1Y81.6%40.4%36.2%

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.

Price Volatility

Is HEAR's price volatile compared to industry and market?
HEAR volatility
HEAR Beta1.49
Industry Beta1.2
Market Beta1

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

FoundedEmployeesCEOWebsite
1975277Juergen Starkhttps://corp.turtlebeach.com

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

How do Turtle Beach's earnings and revenue compare to its market cap?
HEAR fundamental statistics
Market CapUS$488.22m
Earnings (TTM)US$44.66m
Revenue (TTM)US$417.02m

10.9x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HEAR income statement (TTM)
RevenueUS$417.02m
Cost of RevenueUS$259.68m
Gross ProfitUS$157.34m
ExpensesUS$112.69m
EarningsUS$44.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.90
Gross Margin37.73%
Net Profit Margin10.71%
Debt/Equity Ratio0%

How did HEAR perform over the long term?

See historical performance and comparison

Valuation

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

45.1%

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).


Future Growth

How is Turtle Beach forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.6%

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


Past Performance

How has Turtle Beach performed over the past 5 years?

71.5%

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.


Financial Health

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.


Balance Sheet


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?

4.5yrs

Average management tenure


CEO

Juergen Stark (54 yo)

9yrs

Tenure

US$2,275,770

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 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.


Leadership Team

Experienced Management: HEAR's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: HEAR's board of directors are not considered experienced ( 1.9 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 10.1%.


Top Shareholders

Company Information

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


Key Information

  • 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


Location

  • Turtle Beach Corporation
  • 44 South Broadway
  • 4th Floor
  • White Plains
  • New York
  • 10601
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 22:59
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.