TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
USA - NASDAQ:TTMI - US87305R1095 - Common Stock
67.99 USD
+4.89 (+7.75%)
68.3 USD
+0.31 (+0.46%)
Taking everything into account, TTMI scores 5 out of 10 in our fundamental rating. 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.
In the past year TTMI had a positive cash flow from operations.
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 better Return On Assets (3.55%) than 65.04% of its industry peers.
TTMI's Return On Equity of 7.75% is fine compared to the rest of the industry. TTMI outperforms 67.48% 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 8.98%.
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
TTMI has a better Profit Margin (4.74%) than 65.85% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
TTMI has a Operating Margin of 8.37%. This is in the better half of the industry: TTMI outperforms 74.80% of its industry peers.
TTMI's Operating Margin has improved in the last couple of years.
TTMI's Gross Margin of 20.21% is on the low side compared to the rest of the industry. TTMI is outperformed by 66.67% 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
TTMI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, TTMI has about the same amount of shares outstanding.
Compared to 5 years ago, TTMI has less shares outstanding
TTMI has a better debt/assets ratio than last year.
2.2 Solvency
TTMI has an Altman-Z score of 3.68. This indicates that TTMI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.68, TTMI is in line with its industry, outperforming 55.28% of the companies in the same 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 has a Debt to FCF ratio (26.05) which is in line with 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.
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 73.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Altman-Z | 3.68 |
ROIC/WACC0.72
WACC9.06%
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.
With a Current ratio value of 1.94, TTMI is not doing good in the industry: 60.98% of the companies in the same industry are doing better.
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 48.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.94 | ||
| Quick Ratio | 1.66 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 54.61% over the past year.
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
TTMI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.88% yearly.
The Revenue is expected to grow by 10.55% on average over the next years. This is quite good.
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.
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
TTMI is valuated quite expensively with a Price/Earnings ratio of 28.93.
Based on the Price/Earnings ratio, TTMI is valued a bit cheaper than the industry average as 61.79% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 25.89. TTMI is around the same levels.
With a Price/Forward Earnings ratio of 23.35, TTMI is valued on the expensive side.
TTMI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TTMI is cheaper than 60.98% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, TTMI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.93 | ||
| Fwd PE | 23.35 |
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 | 196.2 | ||
| EV/EBITDA | 19.72 |
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 21.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.64
PEG (5Y)3.67
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 |
67.99
+4.89 (+7.75%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.43%
Inst Owner Change3.99%
Ins Owners1.13%
Ins Owner Change-1.38%
Market Cap7.02B
Revenue(TTM)2.78B
Net Income(TTM)131.93M
Analysts84
Price Target64.01 (-5.85%)
Short Float %4.06%
Short Ratio1.79
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)6.36%
PT rev (3m)10.57%
EPS NQ rev (1m)9.27%
EPS NQ rev (3m)8.41%
EPS NY rev (1m)5.66%
EPS NY rev (3m)13.12%
Revenue NQ rev (1m)3.44%
Revenue NQ rev (3m)3.44%
Revenue NY rev (1m)2.37%
Revenue NY rev (3m)8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.93 | ||
| Fwd PE | 23.35 | ||
| P/S | 2.52 | ||
| P/FCF | 196.2 | ||
| P/OCF | 22.3 | ||
| P/B | 4.13 | ||
| P/tB | 8.1 | ||
| EV/EBITDA | 19.72 |
EPS(TTM)2.35
EY3.46%
EPS(NY)2.91
Fwd EY4.28%
FCF(TTM)0.35
FCFY0.51%
OCF(TTM)3.05
OCFY4.48%
SpS26.94
BVpS16.47
TBVpS8.39
PEG (NY)0.64
PEG (5Y)3.67
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 | 3.68 |
F-Score8
WACC9.06%
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 28.93 and the Price/Book (PB) ratio is 4.13.