Turtle Piotroski F Score

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 Stock
  

USD 9.30  0.02  0.22%   

This module uses fundamental data of Turtle Beach to approximate its Piotroski F score. Turtle Beach F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Turtle Beach Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Turtle Beach financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Turtle Beach Altman Z Score, Turtle Beach Correlation, Turtle Beach Valuation, as well as analyze Turtle Beach Alpha and Beta and Turtle Beach Hype Analysis.
  
Turtle Beach Total Debt is relatively stable at the moment as compared to the past year. Turtle Beach reported last year Total Debt of 14.09 Million. As of 11/27/2022, Debt Current is likely to grow to about 14.5 M, while Issuance Repayment of Debt Securities is likely to drop (14.5 M). Turtle Beach Return on Investment is relatively stable at the moment as compared to the past year. Turtle Beach reported last year Return on Investment of 15.85. As of 11/27/2022, Net Current Assets as percentage of Total Assets is likely to grow to 53.80, while Accounts Payable Turnover is likely to drop 8.45.
At this time, it appears that Turtle Beach's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsNegativeFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

Turtle Beach Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Turtle Beach is to make sure Turtle is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Turtle Beach's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Turtle Beach's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted19.7 M18.3 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares17.2 M15.9 M
Significantly Up
Increasing
Slightly volatile
Return on Average Assets8.818.1672
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations(335.6 K)(327 K)
Fairly Down
Increasing
Slightly volatile
Current Liabilities61.8 M78.2 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities74.8 M89.1 M
Fairly Down
Increasing
Slightly volatile
Gross Margin38.8535.0434
Significantly Up
Increasing
Stable
Total Debt14.5 M14.1 M
Fairly Up
Decreasing
Slightly volatile
Asset Turnover1.441.6884
Fairly Down
Increasing
Slightly volatile
Current Assets208.4 M193.1 M
Significantly Up
Increasing
Slightly volatile
Total Assets248.7 M230.5 M
Significantly Up
Increasing
Slightly volatile

Turtle Beach Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Turtle Beach's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Turtle Beach in a much-optimized way.

About Turtle Beach Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

9.59

Turtle Beach Book Value per Share is relatively stable at the moment as compared to the past year. Turtle Beach reported last year Book Value per Share of 8.88

Turtle Beach Current Valuation Drivers

We derive many important indicators used in calculating different scores of Turtle Beach from analyzing Turtle Beach's financial statements. These drivers represent accounts that assess Turtle Beach's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Turtle Beach's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(24.06 K)254.48 K73.24 K128.8 K58.29 K62.9 K
Revenue Per Employee1.1 M1.87 M957.81 K1.2 M1.21 M982.39 K
Average Assets65.71 M93.98 M111.42 M160.3 M224.24 M182.75 M
Earnings Before Interest Taxes and Depreciation Amortization EBITDA9.71 M50.56 M17.88 M58.21 M25.89 M27.94 M
Earnings Before Interest Taxes and Depreciation Amortization USD9.68 M50.52 M17.83 M58.17 M25.84 M27.89 M
Earnings before Tax(2.65 M)40.93 M11.71 M52.46 M20.15 M21.74 M
Average Equity(31.45 M)5.83 M49.2 M85.39 M133.95 M144.53 M
Enterprise Value78.79 M227.16 M156.71 M300.03 M329.13 M260.83 M
Free Cash Flow(993 K)37.17 M37.46 M45.39 M(5.95 M)(6.1 M)
Invested Capital90.31 M85.44 M59.64 M64.81 M98.14 M89.65 M
Invested Capital Average61.87 M74.66 M48.69 M51.37 M80.48 M70.55 M
Market Capitalization22.37 M203.2 M137.19 M327.29 M357.18 M385.38 M
Tangible Asset Value92.85 M120.88 M116.83 M190.14 M214.03 M175.13 M
Working Capital19.22 M40.22 M37.96 M91.33 M114.94 M124.02 M

About Turtle Beach Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Turtle Beach Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Turtle Beach using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Turtle Beach Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Turtle Beach Corporation operates as an audio technology company. The company was founded in 1975 and is headquartered in White Plains, New York. Turtle Beach operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 272 people.

Turtle Beach Investors Sentiment

The influence of Turtle Beach's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Turtle. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Turtle Beach's public news can be used to forecast risks associated with investment in Turtle. The trend in average sentiment can be used to explain how an investor holding Turtle can time the market purely based on public headlines and social activities around Turtle Beach Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Turtle Beach's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Turtle Beach's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Turtle Beach's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Turtle Beach.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Turtle Beach in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Turtle Beach's short interest history, or implied volatility extrapolated from Turtle Beach options trading.

Becoming a Better Investor with Macroaxis

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Please check Turtle Beach Altman Z Score, Turtle Beach Correlation, Turtle Beach Valuation, as well as analyze Turtle Beach Alpha and Beta and Turtle Beach Hype Analysis. Note that the Turtle Beach Corp information on this page should be used as a complementary analysis to other Turtle Beach's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Turtle Beach Corp price analysis, check to measure Turtle Beach's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turtle Beach is operating at the current time. Most of Turtle Beach's value examination focuses on studying past and present price action to predict the probability of Turtle Beach's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Turtle Beach's price. Additionally, you may evaluate how the addition of Turtle Beach to your portfolios can decrease your overall portfolio volatility.
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Is Turtle Beach's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turtle Beach. If investors know Turtle will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turtle Beach listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.73) 
Market Capitalization
154 M
Quarterly Revenue Growth YOY
(0.40) 
Return On Assets
(0.08) 
Return On Equity
(0.26) 
The market value of Turtle Beach Corp is measured differently than its book value, which is the value of Turtle that is recorded on the company's balance sheet. Investors also form their own opinion of Turtle Beach's value that differs from its market value or its book value, called intrinsic value, which is Turtle Beach's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turtle Beach's market value can be influenced by many factors that don't directly affect Turtle Beach's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turtle Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine Turtle Beach value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turtle Beach's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.