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Turtle Beach

DB:0P1A
Snowflake Description

Undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0P1A
DB
$128M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Turtle Beach Corporation operates as an audio technology company. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Turtle Beach has significant price volatility in the past 3 months.
0P1A Share Price and Events
7 Day Returns
-1.9%
DB:0P1A
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
-38.2%
DB:0P1A
4%
DE Consumer Durables
10.4%
DE Market
0P1A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Turtle Beach (0P1A) -1.9% -26.2% -8.6% -38.2% 22.9% -39.5%
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • 0P1A underperformed the Consumer Durables industry which returned 4% over the past year.
  • 0P1A underperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
0P1A
Industry
5yr Volatility vs Market

0P1A Value

 Is Turtle Beach undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Turtle Beach to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Turtle Beach.

DB:0P1A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0P1A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 21%) (23.2%))
0.974
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.974 * 5.96%)
6.03%

Discounted Cash Flow Calculation for DB:0P1A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Turtle Beach is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0P1A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.03%)
2020 13.90 Analyst x4 13.11
2021 18.87 Analyst x4 16.78
2022 24.66 Analyst x1 20.68
2023 28.17 Analyst x1 22.28
2024 30.59 Est @ 8.63% 22.83
2025 32.46 Est @ 6.11% 22.85
2026 33.87 Est @ 4.34% 22.48
2027 34.93 Est @ 3.11% 21.86
2028 35.71 Est @ 2.24% 21.08
2029 36.30 Est @ 1.64% 20.21
Present value of next 10 years cash flows $204.00
DB:0P1A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $36.30 × (1 + 0.23%) ÷ (6.03% – 0.23%)
$626.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $626.98 ÷ (1 + 6.03%)10
$349.11
DB:0P1A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $204.00 + $349.11
$553.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $553.11 / 14.52
$38.1
DB:0P1A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0P1A represents 0.89773x of NasdaqGM:HEAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89773x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 38.10 x 0.89773
€34.20
Value per share (EUR) From above. €34.20
Current discount Discount to share price of €7.90
= -1 x (€7.90 - €34.20) / €34.20
76.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Turtle Beach is available for.
Intrinsic value
>50%
Share price is €7.9 vs Future cash flow value of €34.2
Current Discount Checks
For Turtle Beach to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Turtle Beach's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Turtle Beach's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Turtle Beach's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Turtle Beach's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0P1A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.54
NasdaqGM:HEAR Share Price ** NasdaqGM (2019-11-19) in USD $8.8
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Turtle Beach.

DB:0P1A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:HEAR Share Price ÷ EPS (both in USD)

= 8.8 ÷ 1.54

5.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Turtle Beach is good value based on earnings compared to the DE Consumer Durables industry average.
  • Turtle Beach is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Turtle Beach's expected growth come at a high price?
Raw Data
DB:0P1A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
23.6%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:0P1A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.72x ÷ 23.6%

0.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Turtle Beach is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Turtle Beach's assets?
Raw Data
DB:0P1A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $2.87
NasdaqGM:HEAR Share Price * NasdaqGM (2019-11-19) in USD $8.8
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:0P1A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:HEAR Share Price ÷ Book Value per Share (both in USD)

= 8.8 ÷ 2.87

3.07x

* Primary Listing of Turtle Beach.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Turtle Beach is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Turtle Beach's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Turtle Beach has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0P1A Future Performance

 How is Turtle Beach expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Turtle Beach expected to grow at an attractive rate?
  • Turtle Beach's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Turtle Beach's earnings growth is expected to exceed the Germany market average.
  • Turtle Beach's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0P1A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0P1A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 23.6%
DB:0P1A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 7.4%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0P1A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0P1A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 333 34 31 1
2022-12-31 303 31 27 1
2021-12-31 270 24 18 4
2020-12-31 249 18 11 5
2019-12-31 239 28 8 5
2019-11-19
DB:0P1A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 244 26 22
2019-06-30 272 34 40
2019-03-31 291 45 40
2018-12-31 287 42 39
2018-09-30 256 37 29
2018-06-30 217 23 13
2018-03-31 176 8 9
2017-12-31 149 3 -3
2017-09-30 152 4 -5
2017-06-30 154 7 -50
2017-03-31 164 7 -85
2016-12-31 174 -2 -87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Turtle Beach's earnings are expected to grow significantly at over 20% yearly.
  • Turtle Beach's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0P1A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Turtle Beach Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0P1A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.67 1.67 1.67 1.00
2022-12-31 1.45 1.45 1.45 1.00
2021-12-31 1.10 1.20 0.99 2.00
2020-12-31 0.66 0.68 0.63 3.00
2019-12-31 0.50 0.52 0.48 3.00
2019-11-19
DB:0P1A Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.54
2019-06-30 2.81
2019-03-31 2.88
2018-12-31 2.90
2018-09-30 2.21
2018-06-30 1.06
2018-03-31 0.70
2017-12-31 -0.26
2017-09-30 -0.43
2017-06-30 -4.03
2017-03-31 -6.91
2016-12-31 -7.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Turtle Beach will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Turtle Beach's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Turtle Beach has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0P1A Past Performance

  How has Turtle Beach performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Turtle Beach's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Turtle Beach has delivered over 20% year on year earnings growth in the past 5 years.
  • Turtle Beach's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Turtle Beach's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
Turtle Beach's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Turtle Beach Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0P1A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 244.22 22.17 53.55 6.94
2019-06-30 271.92 40.23 51.43 6.15
2019-03-31 291.40 40.28 49.86 5.74
2018-12-31 287.44 39.19 49.05 5.61
2018-09-30 255.81 28.81 45.96 5.22
2018-06-30 217.36 13.38 42.46 5.16
2018-03-31 175.67 8.64 41.38 5.53
2017-12-31 149.14 -3.25 40.09 5.59
2017-09-30 151.64 -5.28 40.56 5.98
2017-06-30 154.05 -49.59 43.08 7.28
2017-03-31 164.30 -85.10 45.89 7.63
2016-12-31 173.98 -87.18 48.15 8.26
2016-09-30 176.33 -145.92 50.24 9.62
2016-06-30 173.84 -117.00 51.17 9.94
2016-03-31 167.09 -84.33 51.71 10.73
2015-12-31 162.75 -82.91 53.31 11.56
2015-09-30 170.46 -34.01 53.33 11.18
2015-06-30 167.89 -23.77 53.07 11.01
2015-03-31 167.58 -23.17 52.51 10.26
2014-12-31 186.18 -15.49 50.60 9.40
2014-09-30 180.03 -16.97 47.78 8.50
2014-06-30 185.00 -12.73 44.82 6.73
2014-03-31 187.23 -6.77 42.49 5.98
2013-12-31 178.47 -6.16 39.99 4.87
2013-09-30 202.39 7.91 40.90 3.80
2013-06-30 208.73 -5.75 39.07 3.39
2013-03-31 210.44 -1.55 33.03 2.53
2012-12-31 207.14 1.61 28.99 2.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Turtle Beach made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Turtle Beach used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Turtle Beach has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Turtle Beach's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Turtle Beach has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0P1A Health

 How is Turtle Beach's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Turtle Beach's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Turtle Beach is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Turtle Beach's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Turtle Beach's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Turtle Beach Company Filings, last reported 1 month ago.

DB:0P1A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 41.61 26.56 7.04
2019-06-30 44.41 10.80 3.45
2019-03-31 47.41 0.00 10.16
2018-12-31 45.34 37.39 7.08
2018-09-30 23.43 30.14 6.18
2018-06-30 4.97 30.86 9.11
2018-03-31 -20.42 52.00 4.34
2017-12-31 -22.16 89.19 5.25
2017-09-30 -36.72 75.44 0.47
2017-06-30 -36.71 55.58 1.24
2017-03-31 -30.20 49.62 3.61
2016-12-31 -20.70 84.36 6.18
2016-09-30 -33.61 74.09 3.28
2016-06-30 10.17 55.09 1.16
2016-03-31 51.74 48.85 3.23
2015-12-31 56.65 80.95 7.11
2015-09-30 100.98 71.18 3.07
2015-06-30 114.49 49.35 3.02
2015-03-31 121.74 38.44 2.14
2014-12-31 131.19 59.47 7.91
2014-09-30 127.88 50.79 4.42
2014-06-30 132.11 40.83 8.96
2014-03-31 101.82 66.21 5.55
2013-12-31 -10.79 78.29 6.51
2013-09-30 -12.47 77.38 5.06
2013-06-30 -11.87 64.95 2.02
2013-03-31 -7.38 86.95 5.22
2012-12-31 -7.38 86.95 5.22
  • Turtle Beach's level of debt (63.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.4% vs 63.8% today).
  • Debt is well covered by operating cash flow (98.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.1x coverage).
X
Financial health checks
We assess Turtle Beach's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Turtle Beach has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0P1A Dividends

 What is Turtle Beach's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Turtle Beach dividends.
If you bought €2,000 of Turtle Beach shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Turtle Beach's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Turtle Beach's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0P1A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0P1A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-19

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Turtle Beach has not reported any payouts.
  • Unable to verify if Turtle Beach's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Turtle Beach's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Turtle Beach has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Turtle Beach's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Turtle Beach afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Turtle Beach has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0P1A Management

 What is the CEO of Turtle Beach's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Juergen Stark
COMPENSATION $4,928,950
AGE 52
TENURE AS CEO 5.8 years
CEO Bio

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 January 2014 and serves as its President. Mr. Stark served as Corporate Vice President of Productivity Mobile Devices at Motorola Solutions, Inc. (formerly Motorola Inc.) until September 5, 2012 and served as its served as Corporate Vice President of Enterprise - Government and Enterprise mobility services. He served as Chief Operating Officer of Mobile Devices from January 2011 to June 2012 and previously served as Senior Vice President and Chief Operating Officer, Mobile Devices, for Motorola from August 2010 to January 2011. He served as Corporate Vice President of Productivity Mobile Devices at Motorola Inc. and served as its Corporate Vice President of Enterprise of Government & Enterprise Mobility Solutions. Prior to joining Mobile Devices, Mr. Stark served as General Manager of Motorola’s Enterprise Business, responsible both for growing the existing private radio systems and rugged mobile computing devices business, as well as expanding Motorola’s presence in new enterprise markets. Mr. Stark joined Motorola Inc. in July 2003 as General Manager of the Integrated Solutions business, which was comprised of three distinct software businesses, Biometric, Public Safety and Public Service applications. In addition to his responsibilities as General Manager, he led Strategy & Business Development until 2004. He was also given a major role in shaping Motorola’s initial Enterprise strategy. He had merger & acquisition responsibilities as well, which included the acquisition and integration of CRISNET and MeshNetworks. Prior to Motorola, he served as the Chairman and Chief Executive Officer of Centerpost Corporation. He co-founded West Notifications Group, Inc. (formerly, Centerpost Communications, Inc.) in 1999 and served as its Chief Executive Officer. Mr. Stark was a Partner with McKinsey & Co. Prior to Centerpost Corporation, Mr. Stark served as a Principal at McKinsey & Company, Inc., for 9 years, where he served on the leadership team of the North American Telecom practice. In this capacity, he focused on technology businesses, including information technology, mergers & acquisitions, product management and strategy. He founded Advanced Micro Systems, Inc., where he provided consulting and custom-software design services to a variety of clients, including large manufacturing companies. He serves as the Chairman of West Notifications Group, Inc.. He has been a Director of Turtle Beach Corporation since December 27, 2013. He served as a Director of Parametric Sound Corp. since December 2013. He serves as a Director of Access Spectrum, LLC. Mr. Stark serves as a Member of the Mayor’s Council of Technology Advisors and a Board Member of the Chicago Chamber of Commerce Entrepreneurship Center. He also serves on the Board of Trustees for the Hadley School for the Blind. He served as Director of Chicagoland Entrepreneurial Center. He holds a Bachelor of Science degree in Aerospace Engineering from the University of Michigan in Ann Arbor, Mich., and a Master of Business Administration degree from Harvard Business School in Boston, Mass.

CEO Compensation
  • Juergen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Juergen's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Turtle Beach management team in years:

3.3
Average Tenure
52
Average Age
  • The tenure for the Turtle Beach management team is about average.
Management Team

Juergen Stark

TITLE
CEO, President & Director
COMPENSATION
$5M
AGE
52
TENURE
5.8 yrs

John Hanson

TITLE
CFO, Treasurer & Secretary
COMPENSATION
$948K
AGE
61
TENURE
5.8 yrs

Jose Rosado

TITLE
Vice President of Global Operations
TENURE
2.5 yrs

Joe Stachula

TITLE
CTO & VP of Development
TENURE
1.8 yrs

Megan Wynne

TITLE
General Counsel
TENURE
2.7 yrs

MacLean Marshall

TITLE
Sr. Director of PR/Communications

Cris Keirn

TITLE
Senior Vice President of Global Consumer Sales
COMPENSATION
$455K
AGE
48
TENURE
3.3 yrs

Andrew Lilien

TITLE
Vice President of Marketing
TENURE
3.4 yrs

Chris Auty

TITLE
Managing Director of EMEA & APAC
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the Turtle Beach board of directors in years:

5.8
Average Tenure
65
Average Age
  • The tenure for the Turtle Beach board of directors is about average.
Board of Directors

Ron Doornink

TITLE
Chairman
COMPENSATION
$150K
AGE
65
TENURE
5.8 yrs

Juergen Stark

TITLE
CEO, President & Director
COMPENSATION
$5M
AGE
52
TENURE
5.8 yrs

Bill Keitel

TITLE
Lead Independent Director
COMPENSATION
$139K
AGE
66

Andrew Wolfe

TITLE
Independent Director
COMPENSATION
$132K
AGE
56
TENURE
7.8 yrs

Greg Ballard

TITLE
Independent Director
COMPENSATION
$137K
AGE
65
TENURE
2.6 yrs

Kelly Thompson

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Turtle Beach individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Nov 19 Buy Lloyd Ballard Individual 13. Nov 19 13. Nov 19 10,000 €8.00 €79,974
17. Jun 19 Buy Ronald Doornink Individual 14. Jun 19 14. Jun 19 5,000 €9.33 €46,649
14. Jun 19 Buy Ronald Doornink Individual 13. Jun 19 13. Jun 19 4,938 €9.29 €45,853
13. Jun 19 Buy Ronald Doornink Individual 12. Jun 19 12. Jun 19 2,305 €8.95 €20,629
12. Jun 19 Buy Ronald Doornink Individual 10. Jun 19 10. Jun 19 15,941 €8.25 €131,477
12. Jun 19 Buy John Hanson Individual 11. Jun 19 11. Jun 19 4,900 €9.13 €44,730
10. Jun 19 Buy Juergen Stark Individual 10. Jun 19 10. Jun 19 10,500 €8.65 €90,778
10. Jun 19 Buy Andrew Wolfe Individual 07. Jun 19 07. Jun 19 10,000 €8.47 €84,672
27. Feb 19 Sell Kenneth Fox Individual 26. Feb 19 26. Feb 19 -20,014 €13.94 €-279,092
20. Feb 19 Sell Kenneth Fox Individual 14. Feb 19 19. Feb 19 -302,164 €16.11 €-4,747,616
19. Apr 19 Sell Lloyd Ballard Individual 17. Apr 19 17. Apr 19 -13,500 €10.44 €-140,965
19. Apr 19 Sell William Keitel Individual 17. Apr 19 17. Apr 19 -8,013 €10.44 €-83,670
18. Jan 19 Sell Kenneth Fox Individual 15. Jan 19 17. Jan 19 -180,876 €14.18 €-2,472,623
19. Jan 19 Sell Kenneth Fox Individual 18. Jan 19 18. Jan 19 -500,000 €15.46 €-7,286,493
X
Management checks
We assess Turtle Beach's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Turtle Beach has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0P1A News

Simply Wall St News

0P1A Company Info

Description

Turtle Beach Corporation operates as an audio technology company. It provides various gaming headset solutions for various platforms, including video game and entertainment consoles, handheld consoles, personal computers, and mobile and tablet devices under the Turtle Beach brand. The company also offers various sound technology products that delivers directional audio with applications in digital signage and kiosks, consumer electronics, and hearing healthcare under the brand name of HyperSound. It operates in North America, the United Kingdom, Europe, and internationally. The company was founded in 1975 and is headquartered in San Diego, California.

Details
Name: Turtle Beach Corporation
0P1A
Exchange: DB
Founded: 1975
$115,164,814
14,517,229
Website: http://corp.turtlebeach.com
Address: Turtle Beach Corporation
11011 Via Frontera,
Suite A/B,
San Diego,
California, 92127,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM HEAR New Common Stock Nasdaq Global Market US USD 16. Jan 2014
DB 0P1A New Common Stock Deutsche Boerse AG DE EUR 16. Jan 2014
LSE 0ZNF New Common Stock London Stock Exchange GB USD 16. Jan 2014
Number of employees
Current staff
Staff numbers
145
Turtle Beach employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 22:05
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.