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 was founded in 1975 and is based in San Diego, California.
HEAR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Turtle Beach Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Turtle Beach Corp ranked in the 86th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1235.5%. In terms of the factors that were most noteworthy in this DCF analysis for HEAR, they are:
HEAR's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 59.79% of tickers in our DCF set.
As a business, Turtle Beach Corp experienced a tax rate of about 0% over the past twelve months; relative to its sector (Technology), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as HEAR, try MX, AMD, GLGI, NPTN, and BOX.
Citing the potential catalyst from the upcoming game console launches, Stifel starts Turtle Beach (HEAR) at Buy and a $23.50 price target.Analyst Drew Crum says console transitions have "historically spurred a period of increased consumption across the category," and the popularity of multiplayer and online games "should support the use of...
SAN DIEGO, Sept. 29, 2020 /PRNewswire/ -- ROCCAT, Turtle Beach's (Nasdaq: HEAR) Hamburg, Germany-based PC gaming accessories brand, today unveiled its all-new Burst™ Pro PC gaming mouse. The Burst Pro is ROCCAT's first mouse to debut its Titan Optical Switch, which – like the recently…
SAN DIEGO, Sept. 17, 2020 /PRNewswire/ -- Leading gaming headset and audio accessory brand Turtle Beach (NASDAQ: HEAR) today announced the new Stealth 700 Gen 2 gaming headsets for Xbox and PlayStation1 will be available this Sunday, September 20, 2020. Additionally, the Stealth 600 Gen 2…
SAN DIEGO, Sept. 14, 2020 /PRNewswire/ -- ROCCAT, Turtle Beach's (Nasdaq: HEAR) Hamburg, Germany-based PC gaming accessories brand, today unveiled the Elo series PC gaming headsets as the first all-new products in its lineup of precision PC gaming equipment. Founded in 2007 by former pro…