What is Turtle Beach Corp worth?
With the base-case assumptions below, a discounted cash flow model on Turtle Beach Corp's reported free cash flow gives $16.14 per share. The share price was $16.60 on November 10, 2026, 3% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -7.5% | 10.0% | $8.93 | -46% |
| Base | -2.5% | 9.0% | $16.14 | -3% |
| Bull | 2.5% | 8.0% | $30.17 | +82% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $21.03 | $22.48 | $24.25 | $26.47 | $29.32 |
| 8.0% | $17.41 | $18.36 | $19.47 | $20.80 | $22.43 |
| 9.0% | $14.76 | $15.40 | $16.14 | $17.01 | $18.03 |
| 10.0% | $12.72 | $13.18 | $13.70 | $14.29 | $14.97 |
| 11.0% | $11.11 | $11.44 | $11.82 | $12.24 | $12.72 |
Where the presets come from
Base: years 1 to 5 grow at Turtle Beach Corp's revenue growth rate over the last 5 fiscal years (-2.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions