98.76 USD
+4.15 (+4.39%)
We assign a fundamental rating of 5 out of 10 to TTMI. TTMI was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI scores excellent on profitability, but there are some minor concerns on its financial health. TTMI shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
- TTMI had positive earnings in the past year.
- In the past year TTMI had a positive cash flow from operations.
- Of the past 5 years TTMI 4 years were profitable.
- TTMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.55%, TTMI is in the better half of the industry, outperforming 65.04% of the companies in the same industry.
- TTMI has a Return On Equity of 7.75%. This is in the better half of the industry: TTMI outperforms 66.67% of its industry peers.
- TTMI has a Return On Invested Capital of 6.54%. This is in the better half of the industry: TTMI outperforms 69.11% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for TTMI is below the industry average of 8.87%.
- The last Return On Invested Capital (6.54%) for TTMI is above the 3 year average (4.37%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.55% | ||
| ROE | 7.75% | ||
| ROIC | 6.54% |
ROA(3y)1.3%
ROA(5y)2.37%
ROE(3y)2.84%
ROE(5y)4.91%
ROIC(3y)4.37%
ROIC(5y)4.21%
1.3 Margins
- With a decent Profit Margin value of 4.74%, TTMI is doing good in the industry, outperforming 67.48% of the companies in the same industry.
- TTMI's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 8.37%, TTMI is in the better half of the industry, outperforming 74.80% of the companies in the same industry.
- In the last couple of years the Operating Margin of TTMI has grown nicely.
- TTMI's Gross Margin of 20.21% is on the low side compared to the rest of the industry. TTMI is outperformed by 65.85% of its industry peers.
- TTMI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.37% | ||
| PM (TTM) | 4.74% | ||
| GM | 20.21% |
OM growth 3Y4.14%
OM growth 5Y3.95%
PM growth 3Y-1.6%
PM growth 5Y3.55%
GM growth 3Y5.71%
GM growth 5Y2.02%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TTMI is destroying value.
- The number of shares outstanding for TTMI remains at a similar level compared to 1 year ago.
- TTMI has less shares outstanding than it did 5 years ago.
- TTMI has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.50 indicates that TTMI is not in any danger for bankruptcy at the moment.
- TTMI has a Altman-Z score of 4.50. This is in the better half of the industry: TTMI outperforms 64.23% of its industry peers.
- The Debt to FCF ratio of TTMI is 26.05, which is on the high side as it means it would take TTMI, 26.05 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of TTMI (26.05) is comparable to the rest of the industry.
- A Debt/Equity ratio of 0.55 indicates that TTMI is somewhat dependend on debt financing.
- TTMI's Debt to Equity ratio of 0.55 is on the low side compared to the rest of the industry. TTMI is outperformed by 73.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Altman-Z | 4.5 |
ROIC/WACC0.77
WACC8.45%
2.3 Liquidity
- A Current Ratio of 1.94 indicates that TTMI should not have too much problems paying its short term obligations.
- TTMI's Current ratio of 1.94 is on the low side compared to the rest of the industry. TTMI is outperformed by 61.79% of its industry peers.
- TTMI has a Quick Ratio of 1.66. This is a normal value and indicates that TTMI is financially healthy and should not expect problems in meeting its short term obligations.
- TTMI has a Quick ratio of 1.66. This is comparable to the rest of the industry: TTMI outperforms 50.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.66 |
3. Growth
3.1 Past
- TTMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.61%, which is quite impressive.
- TTMI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.89% yearly.
- Looking at the last year, TTMI shows a quite strong growth in Revenue. The Revenue has grown by 17.88% in the last year.
- TTMI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.75% yearly.
EPS 1Y (TTM)54.61%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%63.41%
Revenue 1Y (TTM)17.88%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%22.09%
3.2 Future
- Based on estimates for the next years, TTMI will show a very strong growth in Earnings Per Share. The EPS will grow by 29.29% on average per year.
- TTMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.68% yearly.
EPS Next Y45.41%
EPS Next 2Y32.34%
EPS Next 3Y29.29%
EPS Next 5YN/A
Revenue Next Year19.15%
Revenue Next 2Y15.52%
Revenue Next 3Y15.68%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 42.03 indicates a quite expensive valuation of TTMI.
- TTMI's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of TTMI to the average of the S&P500 Index (28.82), we can say TTMI is valued slightly more expensively.
- A Price/Forward Earnings ratio of 32.98 indicates a quite expensive valuation of TTMI.
- TTMI's Price/Forward Earnings ratio is in line with the industry average.
- TTMI's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.95.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.03 | ||
| Fwd PE | 32.98 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as TTMI.
- TTMI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 285.05 | ||
| EV/EBITDA | 26.99 |
4.3 Compensation for Growth
- TTMI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- TTMI has a very decent profitability rating, which may justify a higher PE ratio.
- TTMI's earnings are expected to grow with 29.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.93
PEG (5Y)5.33
EPS Next 2Y32.34%
EPS Next 3Y29.29%
5. Dividend
5.1 Amount
- TTMI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TTM TECHNOLOGIES / TTMI FAQ
Can you provide the ChartMill fundamental rating for TTM TECHNOLOGIES?
ChartMill assigns a fundamental rating of 5 / 10 to TTMI.
Can you provide the valuation status for TTM TECHNOLOGIES?
ChartMill assigns a valuation rating of 3 / 10 to TTM TECHNOLOGIES (TTMI). This can be considered as Overvalued.
How profitable is TTM TECHNOLOGIES (TTMI) stock?
TTM TECHNOLOGIES (TTMI) has a profitability rating of 7 / 10.
What is the financial health of TTM TECHNOLOGIES (TTMI) stock?
The financial health rating of TTM TECHNOLOGIES (TTMI) is 4 / 10.
What is the expected EPS growth for TTM TECHNOLOGIES (TTMI) stock?
The Earnings per Share (EPS) of TTM TECHNOLOGIES (TTMI) is expected to grow by 45.41% in the next year.