TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
USA - NASDAQ:TTMI - US87305R1095 - Common Stock
66.29 USD
-3.58 (-5.12%)
65.01 USD
-1.28 (-1.93%)
Overall TTMI gets a fundamental rating of 5 out of 10. We evaluated TTMI against 124 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI has only an average score on both its financial health and profitability. TTMI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes TTMI very considerable 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.
Of the past 5 years TTMI 4 years were profitable.
TTMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TTMI has a Return On Assets (2.60%) which is comparable to the rest of the industry.
TTMI has a better Return On Equity (5.69%) than 60.48% of its industry peers.
TTMI's Return On Invested Capital of 6.12% is fine compared to the rest of the industry. TTMI outperforms 62.10% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TTMI is significantly below the industry average of 9.51%.
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
TTMI has a better Profit Margin (3.52%) than 62.90% of its industry peers.
TTMI's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 8.05%, TTMI is doing good in the industry, outperforming 74.19% of the companies in the same industry.
In the last couple of years the Operating Margin of TTMI has grown nicely.
With a Gross Margin value of 20.23%, TTMI is not doing good in the industry: 66.13% of the companies in the same industry are doing better.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TTMI is destroying value.
Compared to 1 year ago, TTMI has about the same amount of shares outstanding.
Compared to 5 years ago, TTMI has less shares outstanding
Compared to 1 year ago, TTMI has an improved debt to assets ratio.
2.2 Solvency
TTMI has an Altman-Z score of 3.81. This indicates that TTMI is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 3.81, TTMI perfoms like the industry average, outperforming 56.45% of the companies in the same industry.
TTMI has a debt to FCF ratio of 52.91. This is a negative value and a sign of low solvency as TTMI would need 52.91 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 52.91, TTMI is in line with its industry, outperforming 49.19% of the companies in the same industry.
A Debt/Equity ratio of 0.57 indicates that TTMI is somewhat dependend on debt financing.
The Debt to Equity ratio of TTMI (0.57) is worse than 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 52.91 | ||
| Altman-Z | 3.81 |
ROIC/WACC0.67
WACC9.08%
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 41.94% of its industry peers.
A Quick Ratio of 1.72 indicates that TTMI should not have too much problems paying its short term obligations.
TTMI has a Quick ratio (1.72) which 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
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.
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.
The Revenue has grown by 17.88% 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)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
The Earnings Per Share is expected to grow by 21.88% on average over the next years. This is a very strong growth
TTMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.55% yearly.
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.
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 28.21, TTMI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, TTMI is valued a bit cheaper than the industry average as 64.52% of the companies are valued more expensively.
TTMI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
TTMI is valuated rather expensively with a Price/Forward Earnings ratio of 22.76.
Based on the Price/Forward Earnings ratio, TTMI is valued a bit cheaper than the industry average as 62.90% of the companies are valued more expensively.
TTMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.21 | ||
| Fwd PE | 22.76 |
4.2 Price Multiples
TTMI's Enterprise Value to EBITDA is on the same level as the industry average.
TTMI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 388.25 | ||
| EV/EBITDA | 21.47 |
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 21.88% in the coming years.
PEG (NY)0.62
PEG (5Y)3.58
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 |
66.29
-3.58 (-5.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.43%
Inst Owner Change0.36%
Ins Owners1.13%
Ins Owner Change-1.29%
Market Cap6.85B
Revenue(TTM)2.78B
Net Income(TTM)93.19M
Analysts84
Price Target64.01 (-3.44%)
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)10.57%
PT rev (3m)50.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.67%
EPS NY rev (1m)0%
EPS NY rev (3m)7.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.21 | ||
| Fwd PE | 22.76 | ||
| P/S | 2.59 | ||
| P/FCF | 388.25 | ||
| P/OCF | 28.74 | ||
| P/B | 4.18 | ||
| P/tB | 8.63 | ||
| EV/EBITDA | 21.47 |
EPS(TTM)2.35
EY3.55%
EPS(NY)2.91
Fwd EY4.39%
FCF(TTM)0.17
FCFY0.26%
OCF(TTM)2.31
OCFY3.48%
SpS25.62
BVpS15.84
TBVpS7.68
PEG (NY)0.62
PEG (5Y)3.58
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 | 3.81 |
F-Score8
WACC9.08%
ROIC/WACC0.67
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 28.21 and the Price/Book (PB) ratio is 4.18.