TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
USA - NASDAQ:TTMI - US87305R1095 - Common Stock
67.99 USD
+4.89 (+7.75%)
69.77 USD
+1.78 (+2.62%)
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. Both the profitability and the financial health of TTMI get a neutral evaluation. Nothing too spectacular is happening here. TTMI is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make TTMI suitable for growth investing!
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
With a Return On Assets value of 2.60%, TTMI perfoms like the industry average, outperforming 59.35% of the companies in the same industry.
TTMI has a Return On Equity of 5.69%. This is in the better half of the industry: TTMI outperforms 60.16% of its industry peers.
TTMI has a Return On Invested Capital of 6.12%. This is in the better half of the industry: TTMI outperforms 61.79% of its industry peers.
TTMI had an Average Return On Invested Capital over the past 3 years of 4.37%. This is significantly below the industry average of 9.58%.
The 3 year average ROIC (4.37%) for TTMI is below the current ROIC(6.12%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.6% | ||
| ROE | 5.69% | ||
| ROIC | 6.12% |
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
Looking at the Profit Margin, with a value of 3.52%, TTMI is in the better half of the industry, outperforming 62.60% of the companies in the same industry.
TTMI's Profit Margin has improved in the last couple of years.
TTMI has a Operating Margin of 8.05%. This is in the better half of the industry: TTMI outperforms 73.98% of its industry peers.
In the last couple of years the Operating Margin of TTMI has grown nicely.
TTMI's Gross Margin of 20.23% 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 | 8.05% | ||
| PM (TTM) | 3.52% | ||
| GM | 20.23% |
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.
TTMI has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for TTMI has been reduced compared to 5 years ago.
Compared to 1 year ago, TTMI has an improved debt to assets ratio.
2.2 Solvency
TTMI has an Altman-Z score of 3.59. This indicates that TTMI is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 3.59, TTMI perfoms like the industry average, outperforming 55.28% of the companies in the same industry.
The Debt to FCF ratio of TTMI is 52.91, which is on the high side as it means it would take TTMI, 52.91 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TTMI (52.91) is comparable to the rest of the industry.
TTMI has a Debt/Equity ratio of 0.57. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.57, TTMI is doing worse than 75.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 52.91 | ||
| Altman-Z | 3.59 |
ROIC/WACC0.68
WACC8.99%
2.3 Liquidity
TTMI has a Current Ratio of 2.03. This indicates that TTMI is financially healthy and has no problem in meeting its short term obligations.
TTMI has a Current ratio of 2.03. This is comparable to the rest of the industry: TTMI outperforms 40.65% of its industry peers.
TTMI has a Quick Ratio of 1.72. This is a normal value and indicates that TTMI is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TTMI (1.72) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.72 |
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
Based on estimates for the next years, TTMI will show a very strong growth in Earnings Per Share. The EPS will grow by 21.88% on average per year.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 28.93, TTMI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, TTMI is valued a bit cheaper than 64.23% of the companies in the same industry.
TTMI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.89.
The Price/Forward Earnings ratio is 23.35, which indicates a rather expensive current valuation of TTMI.
TTMI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TTMI is cheaper than 65.04% of the companies in the same industry.
TTMI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.93 | ||
| Fwd PE | 23.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TTMI is valued a bit cheaper than the industry average as 60.16% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TTMI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 398.21 | ||
| EV/EBITDA | 19.52 |
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.
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)0.64
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 Change2.2%
Ins Owners1.13%
Ins Owner Change-1.3%
Market Cap7.02B
Revenue(TTM)2.78B
Net Income(TTM)93.19M
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)16.58%
Min EPS beat(2)8.83%
Max EPS beat(2)24.34%
EPS beat(4)3
Avg EPS beat(4)14.02%
Min EPS beat(4)-1.36%
Max EPS beat(4)24.34%
EPS beat(8)7
Avg EPS beat(8)18.1%
EPS beat(12)10
Avg EPS beat(12)18.98%
EPS beat(16)13
Avg EPS beat(16)18.56%
Revenue beat(2)2
Avg Revenue beat(2)4.74%
Min Revenue beat(2)2.33%
Max Revenue beat(2)7.15%
Revenue beat(4)4
Avg Revenue beat(4)2.71%
Min Revenue beat(4)0.07%
Max Revenue beat(4)7.15%
Revenue beat(8)6
Avg Revenue beat(8)1.29%
Revenue beat(12)6
Avg Revenue beat(12)-0.74%
Revenue beat(16)9
Avg Revenue beat(16)0.01%
PT rev (1m)6.36%
PT rev (3m)10.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.67%
EPS NY rev (1m)5.66%
EPS NY rev (3m)13.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3%
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 | 2.65 | ||
| P/FCF | 398.21 | ||
| P/OCF | 29.48 | ||
| P/B | 4.29 | ||
| P/tB | 8.85 | ||
| EV/EBITDA | 19.52 |
EPS(TTM)2.35
EY3.46%
EPS(NY)2.91
Fwd EY4.28%
FCF(TTM)0.17
FCFY0.25%
OCF(TTM)2.31
OCFY3.39%
SpS25.62
BVpS15.84
TBVpS7.68
PEG (NY)0.64
PEG (5Y)3.67
Graham Number28.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.6% | ||
| ROE | 5.69% | ||
| ROCE | 7.74% | ||
| ROIC | 6.12% | ||
| ROICexc | 7.31% | ||
| ROICexgc | 11.53% | ||
| OM | 8.05% | ||
| PM (TTM) | 3.52% | ||
| GM | 20.23% | ||
| FCFM | 0.67% |
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 Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 52.91 | ||
| Debt/EBITDA | 2.59 | ||
| Cap/Depr | 151.24% | ||
| Cap/Sales | 8.34% | ||
| Interest Coverage | 4.68 | ||
| Cash Conversion | 66.4% | ||
| Profit Quality | 18.93% | ||
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.72 | ||
| Altman-Z | 3.59 |
F-Score8
WACC8.99%
ROIC/WACC0.68
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 1Y53.33%
EBIT growth 3Y7.05%
EBIT growth 5Y6.81%
EBIT Next Year82.36%
EBIT Next 3Y26.82%
EBIT Next 5YN/A
FCF growth 1Y-83.22%
FCF growth 3Y-18.53%
FCF growth 5Y-21.29%
OCF growth 1Y-0.13%
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 6 / 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 4.29.