TURTLE BEACH CORP (HEAR)

US9004502061 - Common Stock

14.1  +0.09 (+0.64%)

After market: 14.1 0 (0%)

Fundamental Rating

3

Taking everything into account, HEAR scores 3 out of 10 in our fundamental rating. HEAR was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. While HEAR seems to be doing ok healthwise, there are quite some concerns on its profitability. HEAR has a correct valuation and a medium growth rate.



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1

1. Profitability

1.1 Basic Checks

HEAR had negative earnings in the past year.
HEAR had a positive operating cash flow in the past year.
In multiple years HEAR reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: HEAR reported negative operating cash flow in multiple years.

1.2 Ratios

With a Return On Assets value of -11.77%, HEAR is not doing good in the industry: 71.88% of the companies in the same industry are doing better.
The Return On Equity of HEAR (-20.74%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -11.77%
ROE -20.74%
ROIC N/A
ROA(3y)-13.51%
ROA(5y)-1.58%
ROE(3y)-25.06%
ROE(5y)-2.74%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

HEAR has a Gross Margin (29.25%) which is in line with its industry peers.
In the last couple of years the Gross Margin of HEAR has declined.
HEAR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 29.25%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.66%
GM growth 5Y-5.01%

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6

2. Health

2.1 Basic Checks

HEAR does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for HEAR has been increased compared to 1 year ago.
The number of shares outstanding for HEAR has been increased compared to 5 years ago.
HEAR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

HEAR has an Altman-Z score of 2.95. This is not the best score and indicates that HEAR is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.95, HEAR is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
There is no outstanding debt for HEAR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 2.95
ROIC/WACCN/A
WACC9.85%

2.3 Liquidity

A Current Ratio of 2.22 indicates that HEAR has no problem at all paying its short term obligations.
HEAR has a Current ratio (2.22) which is in line with its industry peers.
HEAR has a Quick Ratio of 1.43. This is a normal value and indicates that HEAR is financially healthy and should not expect problems in meeting its short term obligations.
HEAR has a Quick ratio of 1.43. This is comparable to the rest of the industry: HEAR outperforms 53.13% of its industry peers.
Industry RankSector Rank
Current Ratio 2.22
Quick Ratio 1.43

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4

3. Growth

3.1 Past

HEAR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 88.89%, which is quite impressive.
HEAR shows a small growth in Revenue. In the last year, the Revenue has grown by 7.47%.
Measured over the past years, HEAR shows a decrease in Revenue. The Revenue has been decreasing by -2.13% on average per year.
EPS 1Y (TTM)88.89%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q460%
Revenue 1Y (TTM)7.47%
Revenue growth 3Y-10.5%
Revenue growth 5Y-2.13%
Revenue growth Q2Q-1.35%

3.2 Future

Based on estimates for the next years, HEAR will show a very strong growth in Earnings Per Share. The EPS will grow by 128.31% on average per year.
HEAR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.02% yearly.
EPS Next Y463%
EPS Next 2Y211.13%
EPS Next 3Y128.31%
EPS Next 5YN/A
Revenue Next Year38.54%
Revenue Next 2Y25.54%
Revenue Next 3Y19.02%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for HEAR. In the last year negative earnings were reported.
HEAR is valuated rather expensively with a Price/Forward Earnings ratio of 22.85.
HEAR's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.02, HEAR is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 22.85

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, HEAR is valued cheaper than 81.25% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.98
EV/EBITDA N/A

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as HEAR's earnings are expected to grow with 128.31% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y211.13%
EPS Next 3Y128.31%

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0

5. Dividend

5.1 Amount

No dividends for HEAR!.
Industry RankSector Rank
Dividend Yield N/A

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TURTLE BEACH CORP

NASDAQ:HEAR (4/30/2024, 7:02:34 PM)

After market: 14.1 0 (0%)

14.1

+0.09 (+0.64%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap248.30M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 22.85
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -11.77%
ROE -20.74%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) N/A
GM 29.25%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.72
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 2.22
Quick Ratio 1.43
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)88.89%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y463%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.47%
Revenue growth 3Y-10.5%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y