72.84 USD
+6.08 (+9.11%)
73.1 USD
+0.26 (+0.36%)
Overall TTMI gets a fundamental rating of 5 out of 10. We evaluated TTMI against 125 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI scores excellent on profitability, but there are some minor concerns on its financial health. TTMI is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year TTMI was profitable.
TTMI had a positive operating cash flow in the past year.
TTMI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years TTMI had a positive operating cash flow.
1.2 Ratios
TTMI has a Return On Assets of 3.55%. This is in the better half of the industry: TTMI outperforms 64.00% of its industry peers.
With a decent Return On Equity value of 7.75%, TTMI is doing good in the industry, outperforming 67.20% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.54%, TTMI is in the better half of the industry, outperforming 68.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TTMI is below the industry average of 9.17%.
The 3 year average ROIC (4.37%) for TTMI is below the current ROIC(6.54%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 4.74%, TTMI is doing good in the industry, outperforming 64.80% of the companies in the same industry.
In the last couple of years the Profit Margin of TTMI has grown nicely.
Looking at the Operating Margin, with a value of 8.37%, TTMI is in the better half of the industry, outperforming 73.60% of the companies in the same industry.
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 66.40% of its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TTMI 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
An Altman-Z score of 3.64 indicates that TTMI is not in any danger for bankruptcy at the moment.
TTMI has a Altman-Z score (3.64) which is in line with its industry peers.
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.
With a Debt to FCF ratio value of 26.05, TTMI perfoms like the industry average, outperforming 51.20% of the companies in the same industry.
A Debt/Equity ratio of 0.55 indicates that TTMI is somewhat dependend on debt financing.
The Debt to Equity ratio of TTMI (0.55) is worse than 73.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 26.05 | ||
| Altman-Z | 3.64 |
ROIC/WACC0.75
WACC8.75%
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.
A Quick Ratio of 1.66 indicates that TTMI should not have too much problems paying its short term obligations.
TTMI has a Quick ratio of 1.66. This is comparable to the rest of the industry: TTMI outperforms 48.80% 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.
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.
Looking at the last year, TTMI shows a quite strong growth in Revenue. The Revenue has grown by 17.88% in the last year.
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
TTMI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.88% yearly.
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
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.
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
Based on the Price/Earnings ratio of 31.00, the valuation of TTMI can be described as expensive.
64.00% of the companies in the same industry are more expensive than TTMI, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.41. TTMI is around the same levels.
Based on the Price/Forward Earnings ratio of 25.01, the valuation of TTMI can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 63.20% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.40. TTMI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31 | ||
| Fwd PE | 25.01 |
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 | 210.24 | ||
| EV/EBITDA | 19.39 |
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)0.68
PEG (5Y)3.93
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 |
72.84
+6.08 (+9.11%)
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 Cap7.53B
Revenue(TTM)2.78B
Net Income(TTM)131.93M
Analysts84
Price Target77.52 (6.43%)
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)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 | 31 | ||
| Fwd PE | 25.01 | ||
| P/S | 2.7 | ||
| P/FCF | 210.24 | ||
| P/OCF | 23.89 | ||
| P/B | 4.42 | ||
| P/tB | 8.68 | ||
| EV/EBITDA | 19.39 |
EPS(TTM)2.35
EY3.23%
EPS(NY)2.91
Fwd EY4%
FCF(TTM)0.35
FCFY0.48%
OCF(TTM)3.05
OCFY4.19%
SpS26.93
BVpS16.47
TBVpS8.39
PEG (NY)0.68
PEG (5Y)3.93
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 | 3.64 |
F-Score8
WACC8.75%
ROIC/WACC0.75
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 31 and the Price/Book (PB) ratio is 4.42.