TURTLE BEACH CORP (TBCH) Stock Fundamental Analysis
NASDAQ:TBCH - US9004502061 - Common Stock
16.12 USD
+0.66 (+4.27%)
16.12 USD
0 (0%)
Overall TBCH gets a fundamental rating of 5 out of 10. We evaluated TBCH against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. TBCH has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on TBCH. With these ratings, TBCH could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
TBCH had positive earnings in the past year.
TBCH had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TBCH reported negative net income in multiple years.
In multiple years TBCH reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.31%, TBCH belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
The Return On Equity of TBCH (17.08%) is better than 87.50% of its industry peers.
TBCH has a Return On Invested Capital of 11.45%. This is in the better half of the industry: TBCH outperforms 71.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.31% | ||
| ROE | 17.08% | ||
| ROIC | 11.45% |
ROA(3y)-14.26%
ROA(5y)-3.22%
ROE(3y)-24.76%
ROE(5y)-5.71%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
TBCH has a better Profit Margin (5.53%) than 81.25% of its industry peers.
TBCH's Profit Margin has declined in the last couple of years.
TBCH's Operating Margin of 7.42% is fine compared to the rest of the industry. TBCH outperforms 68.75% of its industry peers.
In the last couple of years the Operating Margin of TBCH has grown nicely.
The Gross Margin of TBCH (35.93%) is better than 68.75% of its industry peers.
In the last couple of years the Gross Margin of TBCH has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.42% | ||
| PM (TTM) | 5.53% | ||
| GM | 35.93% |
OM growth 3Y14.14%
OM growth 5Y13.32%
PM growth 3Y-3.5%
PM growth 5Y-10.66%
GM growth 3Y-0.42%
GM growth 5Y0.63%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TBCH is creating some value.
Compared to 1 year ago, TBCH has more shares outstanding
Compared to 5 years ago, TBCH has more shares outstanding
The debt/assets ratio for TBCH is higher compared to a year ago.
2.2 Solvency
TBCH has an Altman-Z score of 3.03. This indicates that TBCH is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TBCH (3.03) is better than 71.88% of its industry peers.
The Debt to FCF ratio of TBCH is 2.47, which is a good value as it means it would take TBCH, 2.47 years of fcf income to pay off all of its debts.
TBCH has a better Debt to FCF ratio (2.47) than 78.13% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that TBCH is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.51, TBCH perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for TBCH, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 2.47 | ||
| Altman-Z | 3.03 |
ROIC/WACC1.24
WACC9.27%
2.3 Liquidity
TBCH has a Current Ratio of 1.83. This is a normal value and indicates that TBCH is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.83, TBCH is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
TBCH has a Quick Ratio of 1.83. This is a bad value and indicates that TBCH is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.81, TBCH is in line with its industry, outperforming 40.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.83 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
TBCH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 496.43%, which is quite impressive.
The Earnings Per Share has been growing slightly by 6.11% on average over the past years.
The Revenue has grown by 24.07% in the past year. This is a very strong growth!
TBCH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.69% yearly.
EPS 1Y (TTM)496.43%
EPS 3Y-11.84%
EPS 5Y6.11%
EPS Q2Q%53.33%
Revenue 1Y (TTM)24.07%
Revenue growth 3Y0.58%
Revenue growth 5Y9.69%
Sales Q2Q%-25.76%
3.2 Future
TBCH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.15% yearly.
The Revenue is expected to grow by 4.03% on average over the next years.
EPS Next Y34.53%
EPS Next 2Y28.72%
EPS Next 3Y21.15%
EPS Next 5YN/A
Revenue Next Year-7.6%
Revenue Next 2Y2.45%
Revenue Next 3Y4.03%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 19.19, which indicates a rather expensive current valuation of TBCH.
Based on the Price/Earnings ratio, TBCH is valued a bit cheaper than 78.13% of the companies in the same industry.
TBCH's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.24.
A Price/Forward Earnings ratio of 13.15 indicates a correct valuation of TBCH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TBCH indicates a somewhat cheap valuation: TBCH is cheaper than 62.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.81, TBCH is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.19 | ||
| Fwd PE | 13.15 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TBCH is valued cheaply inside the industry as 84.38% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TBCH indicates a rather cheap valuation: TBCH is cheaper than 87.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.77 | ||
| EV/EBITDA | 8.82 |
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.
The decent profitability rating of TBCH may justify a higher PE ratio.
A more expensive valuation may be justified as TBCH's earnings are expected to grow with 21.15% in the coming years.
PEG (NY)0.56
PEG (5Y)3.14
EPS Next 2Y28.72%
EPS Next 3Y21.15%
5. Dividend
5.1 Amount
No dividends for TBCH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
16.12
+0.66 (+4.27%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners60%
Inst Owner ChangeN/A
Ins Owners11.74%
Ins Owner Change-28.33%
Market Cap319.34M
Analysts81.82
Price Target18.67 (15.82%)
Short Float %19.03%
Short Ratio10.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)29.56%
Min EPS beat(2)1.23%
Max EPS beat(2)57.9%
EPS beat(4)3
Avg EPS beat(4)12.26%
Min EPS beat(4)-15.85%
Max EPS beat(4)57.9%
EPS beat(8)6
Avg EPS beat(8)24.11%
EPS beat(12)7
Avg EPS beat(12)11.1%
EPS beat(16)9
Avg EPS beat(16)32.13%
Revenue beat(2)1
Avg Revenue beat(2)0.08%
Min Revenue beat(2)-1.21%
Max Revenue beat(2)1.36%
Revenue beat(4)2
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-6.18%
Max Revenue beat(4)5.83%
Revenue beat(8)5
Avg Revenue beat(8)0.57%
Revenue beat(12)6
Avg Revenue beat(12)-0.83%
Revenue beat(16)8
Avg Revenue beat(16)-1.02%
PT rev (1m)3.39%
PT rev (3m)-18.67%
EPS NQ rev (1m)11.56%
EPS NQ rev (3m)-69.88%
EPS NY rev (1m)47.34%
EPS NY rev (3m)-35.45%
Revenue NQ rev (1m)-4.44%
Revenue NQ rev (3m)-24.99%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-5.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.19 | ||
| Fwd PE | 13.15 | ||
| P/S | 0.88 | ||
| P/FCF | 12.77 | ||
| P/OCF | 11.22 | ||
| P/B | 2.73 | ||
| P/tB | 11.39 | ||
| EV/EBITDA | 8.82 |
EPS(TTM)0.84
EY5.21%
EPS(NY)1.23
Fwd EY7.61%
FCF(TTM)1.26
FCFY7.83%
OCF(TTM)1.44
OCFY8.91%
SpS18.23
BVpS5.9
TBVpS1.42
PEG (NY)0.56
PEG (5Y)3.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.31% | ||
| ROE | 17.08% | ||
| ROCE | 16.24% | ||
| ROIC | 11.45% | ||
| ROICexc | 12.22% | ||
| ROICexgc | 25.09% | ||
| OM | 7.42% | ||
| PM (TTM) | 5.53% | ||
| GM | 35.93% | ||
| FCFM | 6.93% |
ROA(3y)-14.26%
ROA(5y)-3.22%
ROE(3y)-24.76%
ROE(5y)-5.71%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y8.48%
ROICexcg growth 5Y8.82%
ROICexc growth 3Y-6.43%
ROICexc growth 5Y0.82%
OM growth 3Y14.14%
OM growth 5Y13.32%
PM growth 3Y-3.5%
PM growth 5Y-10.66%
GM growth 3Y-0.42%
GM growth 5Y0.63%
F-Score9
Asset Turnover1.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 2.47 | ||
| Debt/EBITDA | 1.51 | ||
| Cap/Depr | 26.83% | ||
| Cap/Sales | 0.95% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.8% | ||
| Profit Quality | 125.31% | ||
| Current Ratio | 1.83 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | 3.03 |
F-Score9
WACC9.27%
ROIC/WACC1.24
Cap/Depr(3y)49.58%
Cap/Depr(5y)72.48%
Cap/Sales(3y)1.21%
Cap/Sales(5y)1.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)496.43%
EPS 3Y-11.84%
EPS 5Y6.11%
EPS Q2Q%53.33%
EPS Next Y34.53%
EPS Next 2Y28.72%
EPS Next 3Y21.15%
EPS Next 5YN/A
Revenue 1Y (TTM)24.07%
Revenue growth 3Y0.58%
Revenue growth 5Y9.69%
Sales Q2Q%-25.76%
Revenue Next Year-7.6%
Revenue Next 2Y2.45%
Revenue Next 3Y4.03%
Revenue Next 5YN/A
EBIT growth 1Y1045.45%
EBIT growth 3Y14.8%
EBIT growth 5Y24.3%
EBIT Next Year80.39%
EBIT Next 3Y34.3%
EBIT Next 5YN/A
FCF growth 1Y24.92%
FCF growth 3YN/A
FCF growth 5Y-53.13%
OCF growth 1Y20.5%
OCF growth 3YN/A
OCF growth 5Y-31.91%