(TBCH) Turtle Beach - NASDAQ
Sector: Technology | Industry: Consumer Electronics | Exchange: NASDAQ (USA) | Market Cap: 264m USD | Total Return: -4.4% in 12m
Avg Turnover: 4.67M
Qual. Beats: -2
Rev. Trend: 69.0%
Qual. Beats: 0
Warnings
P/E ratio 664.5
Choppy
Tailwinds
No distinct edge detected
Turtle Beach Corporation (NASDAQ: HEAR) designs and distributes audio and gaming peripherals across global markets, including the Americas, Europe, and Asia Pacific. Its product portfolio spans headsets, controllers, keyboards, and simulation hardware compatible with consoles, PCs, and mobile devices. The company serves a diverse customer base ranging from casual gamers to professional esports athletes and content creators.
The gaming peripherals sector is characterized by high cyclicality, often tracking the multi-year release cycles of major hardware consoles from Sony, Microsoft, and Nintendo. As a hardware-centric business, Turtle Beach relies on a mix of direct-to-consumer sales and broad retail distribution to manage inventory across its extensive SKU list, which includes specialized flight and racing simulation gear.
Detailed performance metrics and historical valuation trends are available on ValueRay for those conducting further due diligence. Turtle Beach remains a key player in the Technology Hardware, Storage & Peripherals sub-industry, maintaining its headquarters in San Diego since its inception in 1975.
- Acquisition of PDP expands market share in gaming controllers and accessories
- New console hardware cycles drive replacement demand for high-end gaming headsets
- PC gaming peripheral expansion reduces historical dependence on console product cycles
- Input cost volatility and freight expenses impact hardware manufacturing gross margins
- Consumer discretionary spending levels dictate volume for premium simulation and audio gear
| Net Income: 1.19m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 4.97 > 1.0 |
| NWC/Revenue: 23.44% < 20% (prev 18.33%; Δ 5.11% < -1%) |
| CFO/TA 0.12 > 3% & CFO 24.4m > Net Income 1.19m |
| Net Debt (40.5m) to EBITDA (23.6m): 1.72 < 3 |
| Current Ratio: 2.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.5m) vs 12m ago -4.92% < -2% |
| Gross Margin: 34.61% > 18% (prev 35.34%; Δ -0.72% > 0.5%) |
| Asset Turnover: 130.5% > 50% (prev 154.2%; Δ -23.65% > 0%) |
| Interest Coverage Ratio: 1.25 > 6 (EBIT TTM 11.4m / Interest Expense TTM 9.13m) |
| A: 0.33 (Total Current Assets 117.7m - Total Current Liabilities 47.8m) / Total Assets 209.9m |
| B: -0.56 (Retained Earnings -117.6m / Total Assets 209.9m) |
| C: 0.05 (EBIT TTM 11.4m / Avg Total Assets 228.5m) |
| D: 1.14 (Book Value of Equity 111.9m / Total Liabilities 98.1m) |
| Altman-Z'' = 1.89 = BBB |
| DSRI: 0.92 (Receivables 30.4m/42.4m, Revenue 298.2m/380.8m) |
| GMI: 1.02 (GM 35.34% / 34.61%) |
| AQI: 1.06 (AQ_t 0.43 / AQ_t-1 0.40) |
| SGI: 0.78 (Revenue 298.2m / 380.8m) |
| TATA: -0.11 (NI 1.19m - CFO 24.4m) / TA 209.9m) |
| Beneish M = -3.21 (Cap -4..+1) = AA |
As of June 19, 2026, the stock is trading at USD 12.48 with a total of 340,101 shares traded.
Over the past week, the price has changed by -4.81%,
over one month by +14.50%,
over three months by +4.61% and
over the past year by -4.37%.
Turtle Beach has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy TBCH.
- StrongBuy: 2
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 16.4 | 31.4% |
P/E Trailing = 664.5
P/E Forward = 15.8228
P/S = 0.8846
P/B = 2.3599
P/EG = 0.9896
Revenue TTM = 298.2m USD
EBIT TTM = 11.4m USD
EBITDA TTM = 23.6m USD
Long Term Debt = 44.3m USD (from longTermDebt, last quarter)
Short Term Debt = 8.57m USD (from shortTermDebt, last quarter)
Debt = 52.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 40.5m USD (calculated: Debt 52.8m - CCE 12.3m)
Enterprise Value = 304.3m USD (263.8m + Debt 52.8m - CCE 12.3m)
Interest Coverage Ratio = 1.25 (Ebit TTM 11.4m / Interest Expense TTM 9.13m)
EV/FCF = 13.31x (Enterprise Value 304.3m / FCF TTM 22.9m)
FCF Yield = 7.51% (FCF TTM 22.9m / Enterprise Value 304.3m)
FCF Margin = 7.66% (FCF TTM 22.9m / Revenue TTM 298.2m)
Net Margin = 0.40% (Net Income TTM 1.19m / Revenue TTM 298.2m)
Gross Margin = 34.61% ((Revenue TTM 298.2m - Cost of Revenue TTM 195.0m) / Revenue TTM)
Gross Margin QoQ = 22.04% (prev 40.07%)
Tobins Q-Ratio = 1.45 (Enterprise Value 304.3m / Total Assets 209.9m)
Interest Expense / Debt = 17.28% (Interest Expense 9.13m / Debt 52.8m)
Taxrate = 47.06% (1.06m / 2.25m)
NOPAT = 6.02m (EBIT 11.4m * (1 - 47.06%))
Current Ratio = 2.46 (Total Current Assets 117.7m / Total Current Liabilities 47.8m)
Debt / Equity = 0.47 (Debt 52.8m / totalStockholderEquity, last quarter 111.9m)
Debt / EBITDA = 1.72 (Net Debt 40.5m / EBITDA 23.6m)
Debt / FCF = 1.77 (Net Debt 40.5m / FCF TTM 22.9m)
Total Stockholder Equity = 117.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.52% (Net Income 1.19m / Total Assets 209.9m)
RoE = 1.02% (Net Income TTM 1.19m / Total Stockholder Equity 117.0m)
RoCE = 7.06% (EBIT 11.4m / Capital Employed (Equity 117.0m + L.T.Debt 44.3m))
RoIC = 3.80% (NOPAT 6.02m / Invested Capital 158.4m)
WACC = 12.48% (E(263.8m)/V(316.6m) * Re(13.15%) + D(52.8m)/V(316.6m) * Rd(17.28%) * (1-Tc(0.47)))
Discount Rate = 13.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -15.56 | Cagr: 5.62%
[DCF] Terminal Value 65.80% ; FCFF base≈19.6m ; Y1≈22.4m ; Y5≈33.0m
[DCF] Fair Price = 12.36 (EV 285.9m - Net Debt 40.5m = Equity 245.4m / Shares 19.8m; r=12.48% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -4.0 | # QB: -2
Revenue Correlation: 68.95 | Revenue CAGR: 12.41% | SUE: -0.45 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.27 | Chg30d=+1.82% | Revisions=+20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.36 | Chg30d=+1.62% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=0.68 | Chg30d=-6.72% | Revisions=+20% | GrowthEPS=+27.4% | GrowthRev=+7.4%
EPS next Year (2027-12-31): EPS=1.14 | Chg30d=-22.97% | Revisions=+33% | GrowthEPS=+66.8% | GrowthRev=+10.0%
[Analyst] Revisions Ratio: +33%