WallStSmart

i3 Verticals Inc (IIIV)vsTurtle Beach Corporation (TBCH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Turtle Beach Corporation generates 2% more annual revenue ($297.77M vs $293.02M). TBCH leads profitability with a -1.1% profit margin vs -2.0%. TBCH appears more attractively valued with a PEG of 0.98. IIIV earns a higher WallStSmart Score of 43/100 (D).

IIIV

Hold

43

out of 100

Grade: D

Growth: 3.3Profit: 3.5Value: 5.3Quality: 6.5
Piotroski: 3/9Altman Z: 3.36

TBCH

Hold

40

out of 100

Grade: F

Growth: 4.0Profit: 3.5Value: 6.0Quality: 6.5
Piotroski: 5/9Altman Z: 1.92
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IIIVUndervalued (+22.3%)

Margin of Safety

+22.3%

Fair Value

$28.17

Current Price

$15.55

$12.62 discount

UndervaluedFair: $28.17Overvalued

Intrinsic value data unavailable for TBCH.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IIIV2 strengths · Avg: 10.0/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Altman Z-ScoreHealth
3.3610/10

Safe zone — low bankruptcy risk

TBCH2 strengths · Avg: 8.0/10
PEG RatioValuation
0.988/10

Growing faster than its price suggests

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

Areas to Watch

IIIV4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
2.2%4/10

2.2% revenue growth

Market CapQuality
$443.54M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
3.8%3/10

ROE of 3.8% — below average capital efficiency

Operating MarginProfitability
1.0%3/10

Operating margin of 1.0%

TBCH4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.924/10

Grey zone — moderate risk

Market CapQuality
$223.51M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.1%3/10

ROE of 1.1% — below average capital efficiency

Revenue GrowthGrowth
-0.7%2/10

Revenue declined 0.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : IIIV

The strongest argument for IIIV centers on Price/Book, Altman Z-Score. PEG of 1.24 suggests the stock is reasonably priced for its growth.

Bull Case : TBCH

The strongest argument for TBCH centers on PEG Ratio, Price/Book. PEG of 0.98 suggests the stock is reasonably priced for its growth.

Bear Case : IIIV

The primary concerns for IIIV are Revenue Growth, Market Cap, Return on Equity. A P/E of 56.0x leaves little room for execution misses.

Bear Case : TBCH

The primary concerns for TBCH are Altman Z-Score, Market Cap, Return on Equity.

Key Dynamics to Monitor

TBCH carries more volatility with a beta of 2.31 — expect wider price swings.

IIIV is growing revenue faster at 2.2% — sustainability is the question.

IIIV generates stronger free cash flow (13M), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IIIV scores higher overall (43/100 vs 40/100). Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

i3 Verticals Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

i3 Verticals, Inc. provides integrated payment and software solutions to small and medium-sized businesses and organizations in the education, nonprofit, public sector, property management, and healthcare markets in the United States. The company is headquartered in Nashville, Tennessee.

Turtle Beach Corporation

TECHNOLOGY · CONSUMER ELECTRONICS · USA

Turtle Beach Corporation is an audio technology company in North America, Europe, the Middle East, and the Asia Pacific. The company is headquartered in White Plains, New York.

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