68.51 USD
+3.57 (+5.5%)
68.8977 USD
+0.39 (+0.57%)
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. While TTMI has a great profitability rating, there are some minor concerns on its financial health. TTMI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
TTMI had positive earnings in the past year.
TTMI had a positive operating cash flow in the past year.
TTMI had positive earnings in 4 of the past 5 years.
TTMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TTMI's Return On Assets of 3.55% is fine compared to the rest of the industry. TTMI outperforms 63.41% of its industry peers.
The Return On Equity of TTMI (7.75%) is better than 66.67% of its industry peers.
The Return On Invested Capital of TTMI (6.54%) is better than 68.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TTMI is below the industry average of 9.11%.
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 65.04% of the companies in the same industry.
TTMI's Profit Margin has improved in the last couple of years.
The Operating Margin of TTMI (8.37%) is better than 73.98% of its industry peers.
TTMI's Operating Margin has improved in the last couple of years.
TTMI has a Gross Margin of 20.21%. This is in the lower half of the industry: TTMI underperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of TTMI has grown nicely.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TTMI is destroying value.
Compared to 1 year ago, TTMI has about the same amount of shares outstanding.
The number of shares outstanding for TTMI has been reduced compared to 5 years ago.
The debt/assets ratio for TTMI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.59 indicates that TTMI is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.59, TTMI perfoms like the industry average, outperforming 56.91% of the companies in the same industry.
TTMI has a debt to FCF ratio of 26.05. This is a negative value and a sign of low solvency as TTMI would need 26.05 years to pay back of all of its debts.
TTMI's Debt to FCF ratio of 26.05 is in line compared to the rest of the industry. TTMI outperforms 51.22% of its industry peers.
TTMI has a Debt/Equity ratio of 0.55. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
The Debt to Equity ratio of TTMI (0.55) is worse than 73.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Altman-Z | 3.59 |
ROIC/WACC0.72
WACC9.1%
2.3 Liquidity
A Current Ratio of 1.94 indicates that TTMI should not have too much problems paying its short term obligations.
TTMI has a worse Current ratio (1.94) than 61.79% of its industry peers.
A Quick Ratio of 1.66 indicates that TTMI should not have too much problems paying its short term obligations.
TTMI has a Quick ratio of 1.66. This is comparable to the rest of the industry: TTMI outperforms 47.97% 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.
Measured over the past 5 years, TTMI shows a small growth in Earnings Per Share. The EPS has been growing by 7.89% on average per year.
Looking at the last year, TTMI shows a quite strong growth in Revenue. The Revenue has grown by 17.88% in the last year.
Measured over the past years, TTMI shows a small growth in Revenue. The Revenue has been growing by 2.75% on average per year.
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
The Earnings Per Share is expected to grow by 21.88% on average over the next years. This is a very strong growth
Based on estimates for the next years, TTMI will show a quite strong growth in Revenue. The Revenue will grow by 10.55% on average per year.
EPS Next Y45.41%
EPS Next 2Y30.5%
EPS Next 3Y21.88%
EPS Next 5YN/A
Revenue Next Year19.15%
Revenue Next 2Y14.07%
Revenue Next 3Y10.55%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 29.15, the valuation of TTMI can be described as expensive.
Based on the Price/Earnings ratio, TTMI is valued a bit cheaper than 63.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.98. TTMI is around the same levels.
With a Price/Forward Earnings ratio of 23.53, TTMI is valued on the expensive side.
Based on the Price/Forward Earnings ratio, TTMI is valued a bit cheaper than 62.60% of the companies in the same industry.
TTMI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 35.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.15 | ||
| Fwd PE | 23.53 |
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 ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 197.7 | ||
| EV/EBITDA | 18.89 |
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.
A more expensive valuation may be justified as TTMI's earnings are expected to grow with 21.88% in the coming years.
PEG (NY)0.64
PEG (5Y)3.7
EPS Next 2Y30.5%
EPS Next 3Y21.88%
5. Dividend
5.1 Amount
No dividends for TTMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
68.51
+3.57 (+5.5%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.43%
Inst Owner Change4.14%
Ins Owners1.13%
Ins Owner Change-0.34%
Market Cap7.08B
Revenue(TTM)2.78B
Net Income(TTM)131.93M
Analysts84
Price Target77.52 (13.15%)
Short Float %3.8%
Short Ratio1.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.88%
Min EPS beat(2)8.83%
Max EPS beat(2)8.93%
EPS beat(4)4
Avg EPS beat(4)16.59%
Min EPS beat(4)8.83%
Max EPS beat(4)24.34%
EPS beat(8)7
Avg EPS beat(8)12.49%
EPS beat(12)10
Avg EPS beat(12)17.53%
EPS beat(16)14
Avg EPS beat(16)19.18%
Revenue beat(2)2
Avg Revenue beat(2)5.4%
Min Revenue beat(2)3.65%
Max Revenue beat(2)7.15%
Revenue beat(4)4
Avg Revenue beat(4)3.6%
Min Revenue beat(4)1.27%
Max Revenue beat(4)7.15%
Revenue beat(8)7
Avg Revenue beat(8)1.95%
Revenue beat(12)7
Avg Revenue beat(12)-0.22%
Revenue beat(16)10
Avg Revenue beat(16)0.31%
PT rev (1m)28.81%
PT rev (3m)33.92%
EPS NQ rev (1m)9.27%
EPS NQ rev (3m)8.41%
EPS NY rev (1m)5.66%
EPS NY rev (3m)5.66%
Revenue NQ rev (1m)3.44%
Revenue NQ rev (3m)3.44%
Revenue NY rev (1m)2.37%
Revenue NY rev (3m)2.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.15 | ||
| Fwd PE | 23.53 | ||
| P/S | 2.54 | ||
| P/FCF | 197.7 | ||
| P/OCF | 22.47 | ||
| P/B | 4.16 | ||
| P/tB | 8.16 | ||
| EV/EBITDA | 18.89 |
EPS(TTM)2.35
EY3.43%
EPS(NY)2.91
Fwd EY4.25%
FCF(TTM)0.35
FCFY0.51%
OCF(TTM)3.05
OCFY4.45%
SpS26.94
BVpS16.47
TBVpS8.39
PEG (NY)0.64
PEG (5Y)3.7
Graham Number29.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.55% | ||
| ROE | 7.75% | ||
| ROCE | 8.28% | ||
| ROIC | 6.54% | ||
| ROICexc | 7.92% | ||
| ROICexgc | 12.36% | ||
| OM | 8.37% | ||
| PM (TTM) | 4.74% | ||
| GM | 20.21% | ||
| FCFM | 1.29% |
ROA(3y)1.3%
ROA(5y)2.37%
ROE(3y)2.84%
ROE(5y)4.91%
ROIC(3y)4.37%
ROIC(5y)4.21%
ROICexc(3y)5.28%
ROICexc(5y)5.17%
ROICexgc(3y)9.47%
ROICexgc(5y)9.43%
ROCE(3y)5.53%
ROCE(5y)5.33%
ROICexgc growth 3Y-0.17%
ROICexgc growth 5Y3.47%
ROICexc growth 3Y3.11%
ROICexc growth 5Y7.34%
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%
F-Score8
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Debt/EBITDA | 2.45 | ||
| Cap/Depr | 191.79% | ||
| Cap/Sales | 10.03% | ||
| Interest Coverage | 5.05 | ||
| Cash Conversion | 83.2% | ||
| Profit Quality | 27.14% | ||
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.66 | ||
| Altman-Z | 3.59 |
F-Score8
WACC9.1%
ROIC/WACC0.72
Cap/Depr(3y)100.09%
Cap/Depr(5y)85.37%
Cap/Sales(3y)6.3%
Cap/Sales(5y)5.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)54.61%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%63.41%
EPS Next Y45.41%
EPS Next 2Y30.5%
EPS Next 3Y21.88%
EPS Next 5YN/A
Revenue 1Y (TTM)17.88%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%22.09%
Revenue Next Year19.15%
Revenue Next 2Y14.07%
Revenue Next 3Y10.55%
Revenue Next 5YN/A
EBIT growth 1Y52.06%
EBIT growth 3Y7.05%
EBIT growth 5Y6.81%
EBIT Next Year82.36%
EBIT Next 3Y26.82%
EBIT Next 5YN/A
FCF growth 1Y-53.2%
FCF growth 3Y-18.53%
FCF growth 5Y-21.29%
OCF growth 1Y44.9%
OCF growth 3Y10.29%
OCF growth 5Y-5.35%
TTM TECHNOLOGIES / TTMI FAQ
Can you provide the ChartMill fundamental rating for TTM TECHNOLOGIES?
ChartMill assigns a fundamental rating of 5 / 10 to TTMI.
What is the valuation status of TTM TECHNOLOGIES (TTMI) stock?
ChartMill assigns a valuation rating of 5 / 10 to TTM TECHNOLOGIES (TTMI). This can be considered as Fairly Valued.
How profitable is TTM TECHNOLOGIES (TTMI) stock?
TTM TECHNOLOGIES (TTMI) has a profitability rating of 7 / 10.
What is the valuation of TTM TECHNOLOGIES based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TTM TECHNOLOGIES (TTMI) is 29.15 and the Price/Book (PB) ratio is 4.16.