Turtle Beach Corp Stock Z Score

HEAR Stock

USD 14.88 0.16 1.06%

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. Check out Turtle Beach Piotroski F Score and Turtle Beach Valuation analysis.

At this time, Turtle Beach's Additional Paid In Capital is relatively stable compared to the past year. As of 04/19/2024, Net Invested Capital is likely to grow to about 102.6 M, while Capital Lease Obligations is likely to drop slightly above 75.7 K. At this time, Turtle Beach's Research Development is relatively stable compared to the past year. As of 04/19/2024, Non Operating Income Net Other is likely to grow to about 122 K, while Interest Expense is likely to drop slightly above 478.8 K.

Turtle Beach Corp Company 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..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

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 Turtle 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.

	Total Assets	Total Stockholder Equity	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Net Debt	Retained Earnings	Short Term Debt	Common Stock	Net Tangible Assets	Good Will	Capital Surpluse	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Long Term Debt	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.86	0.95	0.81	0.8	0.93	0.55	-0.01	-0.27	0.34	0.31	0.54	0.61	0.82	0.55	0.04	0.64	0.56	-0.52	0.23	0.58	0.59	0.35
Total Stockholder Equity	0.86		0.89	0.44	0.38	0.79	0.43	-0.44	0.1	-0.12	-0.14	0.75	0.56	0.61	0.49	0.16	0.34	0.28	-0.18	-0.14	0.71	0.72	0.47
Accounts Payable	0.95	0.89		0.69	0.67	0.94	0.36	-0.25	-0.23	0.12	0.13	0.69	0.46	0.81	0.5	0.02	0.61	0.54	-0.47	0.24	0.7	0.72	0.39
Net Receivables	0.81	0.44	0.69		0.94	0.77	0.45	0.44	-0.68	0.69	0.6	0.2	0.45	0.86	0.59	0.08	0.81	0.75	-0.75	0.59	0.25	0.25	0.25
Total Liab	0.8	0.38	0.67	0.94		0.75	0.49	0.52	-0.62	0.76	0.73	0.09	0.45	0.76	0.42	-0.13	0.76	0.69	-0.75	0.59	0.22	0.21	0.08
Total Current Assets	0.93	0.79	0.94	0.77	0.75		0.22	-0.13	-0.47	0.23	0.17	0.69	0.28	0.93	0.59	0.1	0.8	0.75	-0.69	0.46	0.76	0.77	0.47
Intangible Assets	0.55	0.43	0.36	0.45	0.49	0.22		0.4	0.25	0.48	0.51	-0.2	0.89	0.11	0.05	-0.26	0.02	-0.07	0.02	-0.37	-0.22	-0.21	-0.23
Net Debt	-0.01	-0.44	-0.25	0.44	0.52	-0.13	0.4		-0.37	0.91	0.82	-0.75	0.24	0.01	-0.14	-0.31	0.18	0.13	-0.25	0.33	-0.64	-0.67	-0.47
Retained Earnings	-0.27	0.1	-0.23	-0.68	-0.62	-0.47	0.25	-0.37		-0.46	-0.38	-0.15	0.29	-0.71	-0.54	-0.29	-0.85	-0.87	0.89	-0.91	-0.25	-0.22	-0.35
Short Term Debt	0.34	-0.12	0.12	0.69	0.76	0.23	0.48	0.91	-0.46		0.8	-0.49	0.39	0.31	0.01	-0.35	0.39	0.32	-0.4	0.47	-0.37	-0.41	-0.38
Common Stock	0.31	-0.14	0.13	0.6	0.73	0.17	0.51	0.82	-0.38	0.8		-0.49	0.42	0.22	0.05	-0.25	0.31	0.25	-0.4	0.36	-0.38	-0.36	-0.25
Net Tangible Assets	0.54	0.75	0.69	0.2	0.09	0.69	-0.2	-0.75	-0.15	-0.49	-0.49		-0.05	0.6	0.63	0.48	0.43	0.45	-0.32	0.13	0.96	0.96	0.76
Good Will	0.61	0.56	0.46	0.45	0.45	0.28	0.89	0.24	0.29	0.39	0.42	-0.05		0.16	0.18	-0.09	-0.08	-0.18	0.17	-0.33	-0.11	-0.1	-0.06
Capital Surpluse	0.82	0.61	0.81	0.86	0.76	0.93	0.11	0.01	-0.71	0.31	0.22	0.6	0.16		0.71	0.27	0.92	0.89	-0.82	0.61	0.65	0.65	0.55
Property Plant Equipment	0.55	0.49	0.5	0.59	0.42	0.59	0.05	-0.14	-0.54	0.01	0.05	0.63	0.18	0.71		0.82	0.6	0.62	-0.57	0.37	0.58	0.59	0.89
Current Deferred Revenue	0.04	0.16	0.02	0.08	-0.13	0.1	-0.26	-0.31	-0.29	-0.35	-0.25	0.48	-0.09	0.27	0.82		0.18	0.24	-0.18	0.1	0.37	0.38	0.89
Long Term Debt Total	0.64	0.34	0.61	0.81	0.76	0.8	0.02	0.18	-0.85	0.39	0.31	0.43	-0.08	0.92	0.6	0.18		0.99	-0.97	0.73	0.53	0.52	0.42
Long Term Debt	0.56	0.28	0.54	0.75	0.69	0.75	-0.07	0.13	-0.87	0.32	0.25	0.45	-0.18	0.89	0.62	0.24	0.99		-0.98	0.74	0.55	0.53	0.46
Deferred Long Term Liab	-0.52	-0.18	-0.47	-0.75	-0.75	-0.69	0.02	-0.25	0.89	-0.4	-0.4	-0.32	0.17	-0.82	-0.57	-0.18	-0.97	-0.98		-0.76	-0.45	-0.44	-0.38
Short Long Term Debt	0.23	-0.14	0.24	0.59	0.59	0.46	-0.37	0.33	-0.91	0.47	0.36	0.13	-0.33	0.61	0.37	0.1	0.73	0.74	-0.76		0.26	0.24	0.21
Net Invested Capital	0.58	0.71	0.7	0.25	0.22	0.76	-0.22	-0.64	-0.25	-0.37	-0.38	0.96	-0.11	0.65	0.58	0.37	0.53	0.55	-0.45	0.26		0.98	0.68
Net Working Capital	0.59	0.72	0.72	0.25	0.21	0.77	-0.21	-0.67	-0.22	-0.41	-0.36	0.96	-0.1	0.65	0.59	0.38	0.52	0.53	-0.44	0.24	0.98		0.72
Capital Stock	0.35	0.47	0.39	0.25	0.08	0.47	-0.23	-0.47	-0.35	-0.38	-0.25	0.76	-0.06	0.55	0.89	0.89	0.42	0.46	-0.38	0.21	0.68	0.72

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores 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 highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Turtle Beach

According to the company's disclosures, Turtle Beach Corp has a Z Score of 0.0. This is 100.0% lower than that of the Household Durables sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

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.

		Shares
Geode Capital Management, Llc	2023-12-31	366.8 K
State Street Corporation	2023-12-31	329.4 K
Long Focus Capital Management, Llc	2023-12-31	305 K
Morgan Stanley - Brokerage Accounts	2023-12-31	293.5 K
Acadian Asset Management Llc	2023-12-31	289 K
Fuller & Thaler Asset Management Inc	2023-12-31	206.3 K
Susquehanna International Group, Llp	2023-12-31	202.2 K
Millennium Management Llc	2023-12-31	191.6 K
Jacobs Levy Equity Management, Inc.	2023-09-30	171 K
Blackrock Inc	2023-12-31	1.3 M
Hawkeye Capital Management, Llc	2023-09-30	746.4 K

Turtle Fundamentals

	Return On Equity	-0.2
	Return On Asset	-0.063
	Profit Margin	(0.07) %
	Operating Margin	0.07 %
	Current Valuation	250.98 M
	Shares Outstanding	21.05 M
	Shares Owned By Insiders	32.47 %
	Shares Owned By Institutions	71.39 %
	Number Of Shares Shorted	735.83 K
	Price To Earning	116.00 X
	Price To Book	4.04 X
	Price To Sales	1.33 X
	Revenue	258.12 M
	Gross Profit	49.19 M
	EBITDA	(9.89 M)
	Net Income	(17.68 M)
	Cash And Equivalents	10.51 M
	Cash Per Share	0.63 X
	Total Debt	7.73 M
	Debt To Equity	0.48 %
	Current Ratio	1.76 X
	Book Value Per Share	4.85 X
	Cash Flow From Operations	26.96 M
	Short Ratio	1.34 X
	Earnings Per Share	(1.03) X
	Price To Earnings To Growth	1.17 X
	Target Price	22.2
	Number Of Employees	252
	Beta	2.18
	Market Capitalization	313.29 M
	Total Asset	149.97 M
	Retained Earnings	(134.28 M)
	Working Capital	68.52 M
	Current Asset	94.9 M
	Current Liabilities	69.18 M
	Net Asset	149.97 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.

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When determining whether Turtle Beach Corp is a strong investment it is important to analyze Turtle Beach's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Turtle Beach's future performance. For an informed investment choice regarding Turtle Stock, refer to the following important reports:

How To Invest In Turtle

Details

Is Turtle Stock a good investment?

Details

What is Turtle Beach's Net Worth?

Details

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Check out 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 the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Turtle Stock analysis

When running Turtle Beach's 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 the 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

(0.73)

Earnings Share

(1.03)

Revenue Per Share

15.064

Quarterly Revenue Growth

(0.01)

Return On Assets

(0.06)

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 if Turtle Beach is a good investment 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.

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Turtle Beach Corp Stock Z Score

Turtle Beach Corp Company Z Score Analysis

Z Score

Sum Of

5 Factors

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

Turtle Beach Institutional Holders

Turtle Fundamentals

About Turtle Beach Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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