TURTLE BEACH CORP (TBCH) Stock Fundamental Analysis
USA - NASDAQ:TBCH - US9004502061 - Common Stock
16.9 USD
+0.43 (+2.61%)
16.9 USD
0 (0%)
TBCH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 34 industry peers in the Technology Hardware, Storage & Peripherals industry. TBCH has only an average score on both its financial health and profitability. TBCH scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make TBCH a good candidate 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.
The reported operating cash flow has been mixed in the past 5 years: TBCH reported negative operating cash flow in multiple years.
1.2 Ratios
TBCH has a better Return On Assets (8.31%) than 85.29% of its industry peers.
TBCH has a better Return On Equity (17.08%) than 88.24% of its industry peers.
The Return On Invested Capital of TBCH (11.45%) is better than 73.53% 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's Profit Margin of 5.53% is amongst the best of the industry. TBCH outperforms 82.35% of its industry peers.
In the last couple of years the Profit Margin of TBCH has declined.
With a decent Operating Margin value of 7.42%, TBCH is doing good in the industry, outperforming 76.47% of the companies in the same industry.
In the last couple of years the Operating Margin of TBCH has grown nicely.
The Gross Margin of TBCH (35.93%) is better than 67.65% of its industry peers.
TBCH's Gross Margin has been stable in the last couple of years.
| 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
TBCH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
TBCH has more shares outstanding than it did 1 year ago.
The number of shares outstanding for TBCH has been increased compared to 5 years ago.
Compared to 1 year ago, TBCH has a worse debt to assets ratio.
2.2 Solvency
TBCH has an Altman-Z score of 3.06. This indicates that TBCH is financially healthy and has little risk of bankruptcy at the moment.
TBCH has a better Altman-Z score (3.06) than 70.59% of its industry peers.
TBCH has a debt to FCF ratio of 2.47. This is a good value and a sign of high solvency as TBCH would need 2.47 years to pay back of all of its debts.
The Debt to FCF ratio of TBCH (2.47) is better than 79.41% of its industry peers.
TBCH has a Debt/Equity ratio of 0.51. This is a neutral value indicating TBCH is somewhat dependend on debt financing.
The Debt to Equity ratio of TBCH (0.51) is comparable to the rest of the 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 | 3.06 |
ROIC/WACC1.26
WACC9.12%
2.3 Liquidity
A Current Ratio of 1.83 indicates that TBCH should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.83, TBCH is doing good in the industry, outperforming 67.65% of the companies in the same industry.
A Quick Ratio of 0.81 indicates that TBCH may have some problems paying its short term obligations.
TBCH has a Quick ratio of 0.81. This is comparable to the rest of the industry: TBCH outperforms 47.06% of its industry peers.
| 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.
TBCH shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.07%.
Measured over the past years, TBCH shows a quite strong growth in Revenue. The Revenue has been growing by 9.69% on average per year.
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
Based on estimates for the next years, TBCH will show a very strong growth in Earnings Per Share. The EPS will grow by 22.08% on average per year.
TBCH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.03% yearly.
EPS Next Y36%
EPS Next 2Y30.12%
EPS Next 3Y22.08%
EPS Next 5YN/A
Revenue Next Year-7.52%
Revenue Next 2Y2.53%
Revenue Next 3Y4.03%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 20.12, the valuation of TBCH can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of TBCH indicates a rather cheap valuation: TBCH is cheaper than 85.29% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.10, TBCH is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.49 indicates a correct valuation of TBCH.
TBCH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TBCH is cheaper than 76.47% of the companies in the same industry.
TBCH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 13.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TBCH indicates a rather cheap valuation: TBCH is cheaper than 91.18% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, TBCH is valued a bit cheaper than the industry average as 79.41% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.39 | ||
| EV/EBITDA | 8.99 |
4.3 Compensation for Growth
TBCH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TBCH has a very decent profitability rating, which may justify a higher PE ratio.
TBCH's earnings are expected to grow with 22.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.56
PEG (5Y)3.29
EPS Next 2Y30.12%
EPS Next 3Y22.08%
5. Dividend
5.1 Amount
TBCH does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
16.9
+0.43 (+2.61%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners63.07%
Inst Owner ChangeN/A
Ins Owners11.94%
Ins Owner Change-30.89%
Market Cap334.79M
Revenue(TTM)361.12M
Net Income(TTM)19.96M
Analysts81.82
Price Target18.67 (10.47%)
Short Float %16.78%
Short Ratio12.95
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)0%
PT rev (3m)3.39%
EPS NQ rev (1m)3.4%
EPS NQ rev (3m)13.26%
EPS NY rev (1m)1.93%
EPS NY rev (3m)48.95%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-4.51%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 13.49 | ||
| P/S | 0.93 | ||
| P/FCF | 13.39 | ||
| P/OCF | 11.77 | ||
| P/B | 2.87 | ||
| P/tB | 11.94 | ||
| EV/EBITDA | 8.99 |
EPS(TTM)0.84
EY4.97%
EPS(NY)1.25
Fwd EY7.41%
FCF(TTM)1.26
FCFY7.47%
OCF(TTM)1.44
OCFY8.5%
SpS18.23
BVpS5.9
TBVpS1.42
PEG (NY)0.56
PEG (5Y)3.29
Graham Number10.56
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
ROICexgc growth 3Y8.48%
ROICexgc 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 | 3.06 |
F-Score9
WACC9.12%
ROIC/WACC1.26
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 Y36%
EPS Next 2Y30.12%
EPS Next 3Y22.08%
EPS Next 5YN/A
Revenue 1Y (TTM)24.07%
Revenue growth 3Y0.58%
Revenue growth 5Y9.69%
Sales Q2Q%-25.76%
Revenue Next Year-7.52%
Revenue Next 2Y2.53%
Revenue Next 3Y4.03%
Revenue Next 5YN/A
EBIT growth 1Y1045.45%
EBIT growth 3Y14.8%
EBIT growth 5Y24.3%
EBIT Next Year81.95%
EBIT Next 3Y34.03%
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%
TURTLE BEACH CORP / TBCH FAQ
What is the fundamental rating for TBCH stock?
ChartMill assigns a fundamental rating of 5 / 10 to TBCH.
What is the valuation status of TURTLE BEACH CORP (TBCH) stock?
ChartMill assigns a valuation rating of 7 / 10 to TURTLE BEACH CORP (TBCH). This can be considered as Undervalued.
How profitable is TURTLE BEACH CORP (TBCH) stock?
TURTLE BEACH CORP (TBCH) has a profitability rating of 6 / 10.
Can you provide the financial health for TBCH stock?
The financial health rating of TURTLE BEACH CORP (TBCH) is 5 / 10.
Can you provide the dividend sustainability for TBCH stock?
The dividend rating of TURTLE BEACH CORP (TBCH) is 0 / 10 and the dividend payout ratio is 0%.