WallStSmart

Spruce Power Holding Corp (SPRU)vsTurtle Beach Corporation (TBCH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Turtle Beach Corporation generates 168% more annual revenue ($298.19M vs $111.40M). TBCH leads profitability with a 0.4% profit margin vs -12.2%. TBCH earns a higher WallStSmart Score of 43/100 (D).

SPRU

Hold

38

out of 100

Grade: F

Growth: 5.3Profit: 3.5Value: 6.7Quality: 3.5
Piotroski: 6/9Altman Z: -0.46

TBCH

Hold

43

out of 100

Grade: D

Growth: 4.0Profit: 3.5Value: 5.0Quality: 7.0
Piotroski: 5/9Altman Z: 1.83
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SPRUUndervalued (+84.5%)

Margin of Safety

+84.5%

Fair Value

$25.83

Current Price

$2.85

$22.98 discount

UndervaluedFair: $25.83Overvalued

Intrinsic value data unavailable for TBCH.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SPRU1 strengths · Avg: 10.0/10
Price/BookValuation
0.4x10/10

Reasonable price relative to book value

TBCH2 strengths · Avg: 8.0/10
PEG RatioValuation
1.008/10

Growing faster than its price suggests

Price/BookValuation
1.9x8/10

Reasonable price relative to book value

Areas to Watch

SPRU4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$52.90M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-10.5%2/10

ROE of -10.5% — below average capital efficiency

Revenue GrowthGrowth
-1.7%2/10

Revenue declined 1.7%

TBCH4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.834/10

Grey zone — moderate risk

Market CapQuality
$265.76M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.1%3/10

ROE of 1.1% — below average capital efficiency

Profit MarginProfitability
0.4%3/10

0.4% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : SPRU

The strongest argument for SPRU centers on Price/Book.

Bull Case : TBCH

The strongest argument for TBCH centers on PEG Ratio, Price/Book. PEG of 1.00 suggests the stock is reasonably priced for its growth.

Bear Case : SPRU

The primary concerns for SPRU are EPS Growth, Market Cap, Return on Equity. Debt-to-equity of 5.64 is elevated, increasing financial risk.

Bear Case : TBCH

The primary concerns for TBCH are Altman Z-Score, Market Cap, Return on Equity. A P/E of 669.5x leaves little room for execution misses. Thin 0.4% margins leave little buffer for downturns.

Key Dynamics to Monitor

SPRU profiles as a turnaround stock while TBCH is a value play — different risk/reward profiles.

TBCH carries more volatility with a beta of 2.29 — expect wider price swings.

SPRU is growing revenue faster at -1.7% — sustainability is the question.

TBCH generates stronger free cash flow (29M), providing more financial flexibility.

Bottom Line

TBCH scores higher overall (43/100 vs 38/100). SPRU offers better value entry with a 84.5% margin of safety. 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.

Spruce Power Holding Corp

TECHNOLOGY · SOLAR · USA

XL Fleet Corporation. The company is headquartered in Boston, Massachusetts.

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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