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Turtle Beach Corp
NASDAQ:HEAR

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Turtle Beach Corp Logo
Turtle Beach Corp
NASDAQ:HEAR
Watchlist
Price: 11.03 USD 3.28% Market Closed
Updated: Mar 2, 2024

Intrinsic Value

Turtle Beach Corp. engages in the development, commercialization, and marketing of audio peripherals. [ Read More ]

The intrinsic value of one HEAR stock under the Base Case scenario is 15.3 USD. Compared to the current market price of 11.03 USD, Turtle Beach Corp is Undervalued by 28%.

Key Points:
HEAR Intrinsic Value
Base Case
15.3 USD
Undervaluation 28%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Turtle Beach Corp

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Fundamental Analysis

Turtle Beach's Strong Quarter Driven by Sales and Margin Growth
2023-Q3 Earnings Call

Turtle Beach's Strong Quarter Driven by Sales and Margin Growth

Turtle Beach reported a robust third quarter with revenue growing 15% year-over-year to $59.2 million, led by console headset and simulation product sales. Gross margins reached the highest in six quarters at 29.9%, thanks to lowered freight costs contributing several million to the margin line. Operating expenses dropped slightly to $20.2 million, and the adjusted EBITDA swung from a negative $6.9 million last year to a positive $1 million. The company has bolstered its cash position to $12.3 million, with significant improvements in cash flow from operations and a reduction in inventories, positioning it well for continued growth. Management expects continued improvement in the accessories market and is focused on driving enhanced value, aiming for a strong finish to the year with expected revenues of $265 to $270 million.

Financials

Balance Sheet Decomposition
Turtle Beach Corp

Current Assets 131m
Cash & Short-Term Investments 12.3m
Receivables 33.8m
Other Current Assets 84.9m
Non-Current Assets 25.3m
PP&E 12m
Intangibles 12.7m
Other Non-Current Assets 600k
Current Liabilities 74.5m
Accounts Payable 39.2m
Accrued Liabilities 18.6m
Short-Term Debt 13.3m
Other Current Liabilities 3.4m
Non-Current Liabilities 9.4m
Other Non-Current Liabilities 9.4m
Efficiency
Fundamental Scores

HEAR Profitability Score
Profitability Due Diligence

Turtle Beach Corp's profitability score is 33/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Revenue Growth Forecast
Positive 1-Year Revenue Growth
Positive Free Cash Flow
33/100
Profitability
Score

Turtle Beach Corp's profitability score is 33/100. The higher the profitability score, the more profitable the company is.

HEAR Solvency Score
Solvency Due Diligence

Turtle Beach Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Positive Net Debt
44/100
Solvency
Score

Turtle Beach Corp's solvency score is 44/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

HEAR Price Targets Summary
Turtle Beach Corp

Wall Street analysts forecast HEAR stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for HEAR is 15.71 USD with a low forecast of 14.14 USD and a high forecast of 18.9 USD.

Lowest
Price Target
14.14 USD
28% Upside
Average
Price Target
15.71 USD
42% Upside
Highest
Price Target
18.9 USD
71% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

HEAR Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

HEAR Price
Turtle Beach Corp

1M 1M
-2%
6M 6M
+4%
1Y 1Y
+39%
3Y 3Y
-65%
5Y 5Y
-31%
10Y 10Y
-82%
Annual Price Range
11.03
52w Low
6.86
52w High
12.98
Price Metrics
Average Annual Return 7.15%
Standard Deviation of Annual Returns 87.01%
Max Drawdown -83%
Shares Statistics
Market Capitalization 191.9m USD
Shares Outstanding 17 404 000
Percentage of Shares Shorted 3.71%

HEAR Return Decomposition
Main factors of price return

What is price return decomposition?

HEAR News

Other Videos

Company Profile

Turtle Beach Corp Logo
Turtle Beach Corp

Country

United States of America

Industry

Technology

Market Cap

191.9m USD

Dividend Yield

0%

Description

Turtle Beach Corp. engages in the development, commercialization, and marketing of audio peripherals. The company is headquartered in White Plains, New York and currently employs 272 full-time employees. The company went IPO on 2012-03-22. Turtle Beach is engaged in developing, commercializing, and marketing products under Turtle Beach, ROCCAT and Neat Microphones brands. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers (PC), tablets and mobile devices. Turtle Beach under its ROCCAT brand provides keyboards, mice, headsets, mousepads, and other computer accessories. Turtle Beach designs and markets a gaming headsets and audio accessories for Xbox, PlayStation, personal computer (PC), Mac, and mobile/tablet devices. Turtle Beach’s Neat Microphones brand (www.neatmic.com) creates USB and analog microphones for gamers, streamers, professionals and students.

Contact

NEW YORK
White Plains
44 South Broadway, 4Th Floor
+18884968001.0
http://corp.turtlebeach.com/

IPO

2012-03-22

Employees

272

Officers

CFO, Treasurer & Secretary
Mr. John T. Hanson
Interim CEO & Senior VP of Global Sales
Mr. Cristopher Keirn
Senior Vice President of Global Operations
Mr. Jose Rosado
CTO & Senior VP of Product Development
Mr. Joe Stachula
General Counsel
Ms. Megan Wynne
Sr. Director of PR/Communications
MacLean Marshall
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Senior Vice President of Global Marketing
Mr. Ryan Dell
Senior Vice President of Product Management
Mr. Matt Seymour
Show Less

See Also

Discover More
What is the Intrinsic Value of one HEAR stock?

The intrinsic value of one HEAR stock under the Base Case scenario is 15.3 USD.

Is HEAR stock undervalued or overvalued?

Compared to the current market price of 11.03 USD, Turtle Beach Corp is Undervalued by 28%.