70.18 USD
+1.89 (+2.77%)
70.59 USD
+0.41 (+0.58%)
Taking everything into account, TTMI scores 5 out of 10 in our fundamental rating. TTMI was compared to 124 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
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.
TTMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TTMI has a better Return On Assets (3.55%) than 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.
The Return On Invested Capital of TTMI (6.54%) is better than 68.00% of its industry peers.
TTMI had an Average Return On Invested Capital over the past 3 years of 4.37%. This is below the industry average of 9.11%.
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's Profit Margin of 4.74% is fine compared to the rest of the industry. TTMI outperforms 64.80% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
TTMI has a better Operating Margin (8.37%) than 73.60% of its industry peers.
In the last couple of years the Operating Margin of TTMI has grown nicely.
TTMI has a worse Gross Margin (20.21%) than 66.40% 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.
The number of shares outstanding for TTMI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, TTMI has less shares outstanding
The debt/assets ratio for TTMI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.75 indicates that TTMI is not in any danger for bankruptcy at the moment.
The Altman-Z score of TTMI (3.75) 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.
Looking at the Debt to FCF ratio, with a value of 26.05, TTMI is in line with its industry, outperforming 51.20% of the companies in the same industry.
TTMI has a Debt/Equity ratio of 0.55. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.55, TTMI is doing worse than 73.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Altman-Z | 3.75 |
ROIC/WACC0.72
WACC9.1%
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 has a worse Current ratio (1.94) than 61.60% 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.
TTMI has a Quick ratio (1.66) which is comparable to the rest of the 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%.
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
TTMI is valuated quite expensively with a Price/Earnings ratio of 29.86.
Compared to the rest of the industry, the Price/Earnings ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 62.40% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, TTMI is valued at the same level.
Based on the Price/Forward Earnings ratio of 24.10, the valuation of TTMI can be described as rather expensive.
61.60% of the companies in the same industry are more expensive than TTMI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TTMI to the average of the S&P500 Index (36.59), we can say TTMI is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.86 | ||
| Fwd PE | 24.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TTMI is on the same level as its industry peers.
TTMI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 202.56 | ||
| EV/EBITDA | 20.32 |
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.
TTMI's earnings are expected to grow with 21.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)3.79
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 |
70.18
+1.89 (+2.77%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.43%
Inst Owner Change4.14%
Ins Owners1.13%
Ins Owner Change-0.84%
Market Cap7.25B
Revenue(TTM)2.78B
Net Income(TTM)131.93M
Analysts84
Price Target77.52 (10.46%)
Short Float %3.8%
Short Ratio1.51
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)21.12%
PT rev (3m)33.92%
EPS NQ rev (1m)9.27%
EPS NQ rev (3m)9.27%
EPS NY rev (1m)5.66%
EPS NY rev (3m)5.66%
Revenue NQ rev (1m)3.44%
Revenue NQ rev (3m)3.44%
Revenue NY rev (1m)2.37%
Revenue NY rev (3m)2.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.86 | ||
| Fwd PE | 24.1 | ||
| P/S | 2.61 | ||
| P/FCF | 202.56 | ||
| P/OCF | 23.02 | ||
| P/B | 4.26 | ||
| P/tB | 8.36 | ||
| EV/EBITDA | 20.32 |
EPS(TTM)2.35
EY3.35%
EPS(NY)2.91
Fwd EY4.15%
FCF(TTM)0.35
FCFY0.49%
OCF(TTM)3.05
OCFY4.34%
SpS26.93
BVpS16.47
TBVpS8.39
PEG (NY)0.66
PEG (5Y)3.79
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 | 3.75 |
F-Score8
WACC9.1%
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 29.86 and the Price/Book (PB) ratio is 4.26.