76.74 USD
+1.31 (+1.74%)
77.26 USD
+0.52 (+0.68%)
TTMI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. While TTMI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TTMI is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year TTMI was profitable.
TTMI had a positive operating cash flow in the past year.
Of the past 5 years TTMI 4 years were profitable.
In the past 5 years TTMI always reported a positive cash flow from operatings.
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 64.80% of the companies in the same industry.
The Return On Equity of TTMI (7.75%) is better than 67.20% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.54%, TTMI is in the better half of the industry, outperforming 68.80% of the companies in the same industry.
TTMI had an Average Return On Invested Capital over the past 3 years of 4.37%. This is below the industry average of 9.26%.
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 Profit Margin of 4.74%. This is in the better half of the industry: TTMI outperforms 65.60% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
The Operating Margin of TTMI (8.37%) is better than 74.40% of its industry peers.
In the last couple of years the Operating Margin of TTMI has grown nicely.
With a Gross Margin value of 20.21%, TTMI is not doing good in the industry: 67.20% of the companies in the same industry are doing better.
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
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.
TTMI has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, TTMI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.95 indicates that TTMI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.95, TTMI is in line with its industry, outperforming 58.40% 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 50.40% of its industry peers.
A Debt/Equity ratio of 0.55 indicates that TTMI is somewhat dependend on debt financing.
TTMI has a worse Debt to Equity ratio (0.55) than 73.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Altman-Z | 3.95 |
ROIC/WACC0.74
WACC8.89%
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.
TTMI's Current ratio of 1.94 is on the low side compared to the rest of the industry. TTMI is outperformed by 63.20% 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.
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
The Earnings Per Share has grown by an impressive 54.61% over the past year.
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.
TTMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.88%.
The Revenue has been growing slightly by 2.75% on average over the past years.
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.
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
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
With a Price/Earnings ratio of 32.66, TTMI can be considered very expensive at the moment.
62.40% of the companies in the same industry are more expensive than TTMI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of TTMI to the average of the S&P500 Index (26.28), we can say TTMI is valued slightly more expensively.
The Price/Forward Earnings ratio is 26.35, which means the current valuation is very expensive for TTMI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 60.80% of the companies listed in the same industry.
TTMI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.66 | ||
| Fwd PE | 26.35 |
4.2 Price Multiples
TTMI's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as TTMI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 221.5 | ||
| EV/EBITDA | 22.11 |
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.
TTMI's earnings are expected to grow with 21.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.72
PEG (5Y)4.14
EPS Next 2Y30.5%
EPS Next 3Y21.88%
5. Dividend
5.1 Amount
TTMI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
76.74
+1.31 (+1.74%)
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-1.01%
Market Cap7.93B
Revenue(TTM)2.78B
Net Income(TTM)131.93M
Analysts84
Price Target79.05 (3.01%)
Short Float %5.05%
Short Ratio2.08
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)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 | 32.66 | ||
| Fwd PE | 26.35 | ||
| P/S | 2.85 | ||
| P/FCF | 221.5 | ||
| P/OCF | 25.17 | ||
| P/B | 4.66 | ||
| P/tB | 9.14 | ||
| EV/EBITDA | 22.11 |
EPS(TTM)2.35
EY3.06%
EPS(NY)2.91
Fwd EY3.79%
FCF(TTM)0.35
FCFY0.45%
OCF(TTM)3.05
OCFY3.97%
SpS26.93
BVpS16.47
TBVpS8.39
PEG (NY)0.72
PEG (5Y)4.14
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 | 3.95 |
F-Score8
WACC8.89%
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 4 / 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 32.66 and the Price/Book (PB) ratio is 4.66.