TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
NASDAQ:TTMI - Nasdaq - US87305R1095 - Common Stock - Currency: USD
Taking everything into account, TTMI scores 5 out of 10 in our fundamental rating. TTMI was compared to 125 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 has a correct valuation and a medium growth rate.
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.
Of the past 5 years TTMI 4 years were profitable.
Each year in the past 5 years TTMI had a positive operating cash flow.
1.2 Ratios
TTMI has a Return On Assets (2.26%) which is in line with its industry peers.
TTMI has a better Return On Equity (4.92%) than 62.40% of its industry peers.
TTMI has a better Return On Invested Capital (5.57%) than 64.80% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TTMI is below the industry average of 9.16%.
The 3 year average ROIC (4.37%) for TTMI is below the current ROIC(5.57%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.26% | ||
| ROE | 4.92% | ||
| ROIC | 5.57% |
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
The Profit Margin of TTMI (3.09%) is better than 66.40% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
TTMI has a better Operating Margin (7.53%) than 74.40% of its industry peers.
TTMI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 20.01%, TTMI is doing worse than 64.80% of the companies in the same industry.
TTMI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.53% | ||
| PM (TTM) | 3.09% | ||
| GM | 20.01% |
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.
TTMI has a better debt/assets ratio than last year.
2.2 Solvency
TTMI has an Altman-Z score of 2.94. This is not the best score and indicates that TTMI is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.94, TTMI is in line with its industry, outperforming 43.20% of the companies in the same industry.
TTMI has a Debt/Equity ratio of 0.59. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.59, TTMI is doing worse than 76.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.94 |
ROIC/WACC0.61
WACC9.16%
2.3 Liquidity
TTMI has a Current Ratio of 2.07. This indicates that TTMI is financially healthy and has no problem in meeting its short term obligations.
TTMI has a Current ratio (2.07) which is in line with its industry peers.
A Quick Ratio of 1.75 indicates that TTMI should not have too much problems paying its short term obligations.
The Quick ratio of TTMI (1.75) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 29.25% over the past year.
The Earnings Per Share has been growing slightly by 7.89% on average over the past years.
The Revenue has grown by 11.65% in the past year. This is quite good.
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)29.25%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%61.29%
Revenue 1Y (TTM)11.65%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%13.78%
3.2 Future
The Earnings Per Share is expected to grow by 19.27% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.91% on average over the next years.
EPS Next Y28.54%
EPS Next 2Y19.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.32%
Revenue Next 2Y7.91%
Revenue Next 3YN/A
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 rather expensively with a Price/Earnings ratio of 22.44.
Based on the Price/Earnings ratio, TTMI is valued a bit cheaper than 72.80% of the companies in the same industry.
TTMI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 17.52, 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 76.80% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TTMI to the average of the S&P500 Index (21.76), we can say TTMI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 17.52 |
4.2 Price Multiples
72.80% of the companies in the same industry are more expensive than TTMI, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.38 |
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 19.27% in the coming years.
PEG (NY)0.79
PEG (5Y)2.85
EPS Next 2Y19.27%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for TTMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
42.63
+0.75 (+1.79%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners104.04%
Inst Owner Change0%
Ins Owners1.81%
Ins Owner Change0.17%
Market Cap4.33B
Analysts84
Price Target38.76 (-9.08%)
Short Float %3.17%
Short Ratio2.64
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)24.31%
Min EPS beat(2)24.28%
Max EPS beat(2)24.34%
EPS beat(4)3
Avg EPS beat(4)14.93%
Min EPS beat(4)-1.36%
Max EPS beat(4)24.34%
EPS beat(8)7
Avg EPS beat(8)24.11%
EPS beat(12)10
Avg EPS beat(12)23.37%
EPS beat(16)13
Avg EPS beat(16)19.19%
Revenue beat(2)2
Avg Revenue beat(2)1.8%
Min Revenue beat(2)1.27%
Max Revenue beat(2)2.33%
Revenue beat(4)4
Avg Revenue beat(4)1.5%
Min Revenue beat(4)0.07%
Max Revenue beat(4)2.33%
Revenue beat(8)5
Avg Revenue beat(8)0.02%
Revenue beat(12)6
Avg Revenue beat(12)-1.16%
Revenue beat(16)9
Avg Revenue beat(16)-0.33%
PT rev (1m)8.57%
PT rev (3m)9.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.95%
EPS NY rev (1m)0.58%
EPS NY rev (3m)7.79%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)3.95%
Revenue NY rev (1m)1.11%
Revenue NY rev (3m)3.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 17.52 | ||
| P/S | 1.72 | ||
| P/FCF | N/A | ||
| P/OCF | 23.76 | ||
| P/B | 2.73 | ||
| P/tB | 5.9 | ||
| EV/EBITDA | 14.38 |
EPS(TTM)1.9
EY4.46%
EPS(NY)2.43
Fwd EY5.71%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)1.79
OCFY4.21%
SpS24.81
BVpS15.62
TBVpS7.22
PEG (NY)0.79
PEG (5Y)2.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.26% | ||
| ROE | 4.92% | ||
| ROCE | 7.06% | ||
| ROIC | 5.57% | ||
| ROICexc | 6.58% | ||
| ROICexgc | 10.52% | ||
| OM | 7.53% | ||
| PM (TTM) | 3.09% | ||
| GM | 20.01% | ||
| FCFM | N/A |
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%
ROICexcg growth 3Y-0.17%
ROICexcg 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 Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.76 | ||
| Cap/Depr | 135.17% | ||
| Cap/Sales | 7.92% | ||
| Interest Coverage | 4.09 | ||
| Cash Conversion | 54.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z | 2.94 |
F-Score8
WACC9.16%
ROIC/WACC0.61
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)29.25%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%61.29%
EPS Next Y28.54%
EPS Next 2Y19.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.65%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%13.78%
Revenue Next Year10.32%
Revenue Next 2Y7.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y44.81%
EBIT growth 3Y7.05%
EBIT growth 5Y6.81%
EBIT Next Year72.94%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-109.57%
FCF growth 3Y-18.53%
FCF growth 5Y-21.29%
OCF growth 1Y-37.55%
OCF growth 3Y10.29%
OCF growth 5Y-5.35%