73.43 USD
-6.81 (-8.49%)
73.1 USD
-0.33 (-0.45%)
We assign a fundamental rating of 5 out of 10 to TTMI. TTMI was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI has an excellent profitability rating, but there are some minor concerns on its financial health. TTMI is not priced too expensively while it is growing strongly. 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.
In the past 5 years TTMI always reported a positive cash flow from operatings.
1.2 Ratios
TTMI has a Return On Assets of 3.55%. This is in the better half of the industry: TTMI outperforms 64.00% of its industry peers.
Looking at the Return On Equity, with a value of 7.75%, TTMI is in the better half of the industry, outperforming 67.20% of the companies in the same industry.
TTMI has a Return On Invested Capital of 6.54%. This is in the better half of the industry: TTMI outperforms 68.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TTMI is below the industry average of 9.28%.
The 3 year average ROIC (4.37%) for TTMI is below the current ROIC(6.54%), indicating increased profibility in the last year.
| 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
TTMI has a better Profit Margin (4.74%) than 65.60% of its industry peers.
TTMI's Profit Margin has improved in the last couple of years.
TTMI has a better Operating Margin (8.37%) than 74.40% of its industry peers.
TTMI's Operating Margin has improved in the last couple of years.
TTMI has a worse Gross Margin (20.21%) than 67.20% 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.
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
TTMI has an Altman-Z score of 3.85. This indicates that TTMI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TTMI (3.85) is comparable to the rest of the industry.
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.
TTMI's Debt to FCF ratio of 26.05 is in line compared to the rest of the industry. TTMI outperforms 50.40% of its industry peers.
A Debt/Equity ratio of 0.55 indicates that TTMI is somewhat dependend on debt financing.
The Debt to Equity ratio of TTMI (0.55) is worse than 73.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Altman-Z | 3.85 |
ROIC/WACC0.74
WACC8.86%
2.3 Liquidity
TTMI has a Current Ratio of 1.94. This is a normal value and indicates that TTMI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.94, TTMI is doing worse than 63.20% of the companies in the same industry.
A Quick Ratio of 1.66 indicates that TTMI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.66, TTMI perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
| 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.
TTMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.88%.
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
TTMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.55% yearly.
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
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
The Price/Earnings ratio is 31.25, which means the current valuation is very expensive for TTMI.
TTMI's Price/Earnings ratio is a bit cheaper when compared to the industry. TTMI is cheaper than 62.40% of the companies in the same industry.
When comparing the Price/Earnings ratio of TTMI to the average of the S&P500 Index (26.56), we can say TTMI is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 25.22, the valuation of TTMI can be described as expensive.
Based on the Price/Forward Earnings ratio, TTMI is valued a bit cheaper than the industry average as 61.60% of the companies are valued more expensively.
TTMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.25 | ||
| Fwd PE | 25.22 |
4.2 Price Multiples
TTMI's Enterprise Value to EBITDA ratio is in line with the industry average.
TTMI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 211.94 | ||
| EV/EBITDA | 21.21 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of TTMI 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)0.69
PEG (5Y)3.96
EPS Next 2Y30.5%
EPS Next 3Y21.88%
5. Dividend
5.1 Amount
No dividends for TTMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
73.43
-6.81 (-8.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners102.08%
Inst Owner Change4.15%
Ins Owners1.14%
Ins Owner Change-0.92%
Market Cap7.59B
Revenue(TTM)2.78B
Net Income(TTM)131.93M
Analysts84
Price Target79.05 (7.65%)
Short Float %5.05%
Short Ratio2.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)23.51%
PT rev (3m)36.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.27%
EPS NY rev (1m)0%
EPS NY rev (3m)5.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.25 | ||
| Fwd PE | 25.22 | ||
| P/S | 2.73 | ||
| P/FCF | 211.94 | ||
| P/OCF | 24.09 | ||
| P/B | 4.46 | ||
| P/tB | 8.75 | ||
| EV/EBITDA | 21.21 |
EPS(TTM)2.35
EY3.2%
EPS(NY)2.91
Fwd EY3.97%
FCF(TTM)0.35
FCFY0.47%
OCF(TTM)3.05
OCFY4.15%
SpS26.93
BVpS16.47
TBVpS8.39
PEG (NY)0.69
PEG (5Y)3.96
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 | 3.85 |
F-Score8
WACC8.86%
ROIC/WACC0.74
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 Year91.39%
EBIT Next 3Y30.96%
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 31.25 and the Price/Book (PB) ratio is 4.46.