Turtle Z Score

HEAR
 Stock
  

USD 10.02  0.29  2.98%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Turtle Beach Piotroski F Score and Turtle Beach Valuation analysis.
  
Turtle Beach Return on Invested Capital is relatively stable at the moment as compared to the past year. Turtle Beach reported last year Return on Invested Capital of 0.26. As of 12/04/2022, Market Capitalization is likely to grow to about 385.4 M, while Invested Capital is likely to drop slightly above 89.6 M. Turtle Beach Revenues is relatively stable at the moment as compared to the past year. Turtle Beach reported last year Revenues of 366.35 Million. As of 12/04/2022, Research and Development Expense is likely to grow to about 18.9 M, while Gross Profit is likely to drop slightly above 107.5 M.

Turtle Z Score Analysis

Turtle Beach's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2021 2022 (projected)
Long Term Debt to Equity0.460.49
Interest Coverage53.3443.29
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Turtle Beach Z Score

    
  2.2  
Most of Turtle Beach's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Turtle Beach Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Turtle Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Turtle Beach is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Turtle Beach's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Turtle Beach's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Turtle Beach's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

According to the company's disclosures, Turtle Beach Corp has a Z Score of 2.2. This is 83.64% lower than that of the Household Durables sector and 24.4% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 74.77% higher than that of the company.

Turtle Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Turtle Beach's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Turtle Beach could also be used in its relative valuation, which is a method of valuing Turtle Beach by comparing valuation metrics of similar companies.
Turtle Beach is currently under evaluation in z score category among related companies.

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

Turtle Beach Institutional Holders

Institutional Holdings refers to the ownership stake in Turtle Beach that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Turtle Beach's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Turtle Beach's value.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.4 K50 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.4 K63 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.4 K88 K
Zebra Capital Management LlcCommon Shares18.1 K389 K
Zebra Capital Management LlcCommon Shares19 K346 K
Yakira Capital Management IncCommon Shares79.2 K540 K
Yakira Capital Management IncCommon Shares79.2 K968 K
Wolverine Trading LlcCall Options42.7 K546 K
Wolverine Trading LlcPut Options24.5 K524 K

Turtle Fundamentals

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.

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Please check Turtle Beach Piotroski F Score and Turtle Beach Valuation 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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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
170.8 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.