TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
NASDAQ:TTMI - Nasdaq - US87305R1095 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to TTMI. TTMI was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI has a medium profitability rating, but doesn't score so well on its financial health evaluation. TTMI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year TTMI was profitable.
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 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.00%, TTMI is in line with its industry, outperforming 56.67% of the companies in the same industry.
TTMI has a Return On Equity (4.43%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 4.56%, TTMI is in the better half of the industry, outperforming 61.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2% | ||
| ROE | 4.43% | ||
| ROIC | 4.56% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of TTMI (2.90%) is comparable to the rest of the industry.
TTMI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 6.49%, TTMI is in the better half of the industry, outperforming 71.67% of the companies in the same industry.
In the last couple of years the Operating Margin of TTMI has grown nicely.
TTMI's Gross Margin of 19.75% is on the low side compared to the rest of the industry. TTMI is outperformed by 68.33% of its industry peers.
TTMI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.49% | ||
| PM (TTM) | 2.9% | ||
| GM | 19.75% |
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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 2.30 indicates that TTMI is not a great score, but indicates only limited risk for bankruptcy at the moment.
TTMI's Altman-Z score of 2.30 is on the low side compared to the rest of the industry. TTMI is outperformed by 62.50% of its industry peers.
TTMI has a debt to FCF ratio of 41.13. This is a negative value and a sign of low solvency as TTMI would need 41.13 years to pay back of all of its debts.
TTMI has a Debt to FCF ratio (41.13) which is in line with its industry peers.
A Debt/Equity ratio of 0.60 indicates that TTMI is somewhat dependend on debt financing.
TTMI has a Debt to Equity ratio of 0.60. This is in the lower half of the industry: TTMI underperforms 79.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 41.13 | ||
| Altman-Z | 2.3 |
ROIC/WACC0.55
WACC8.22%
2.3 Liquidity
TTMI has a Current Ratio of 2.00. This is a normal value and indicates that TTMI is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of TTMI (2.00) is worse than 61.67% of its industry peers.
A Quick Ratio of 1.70 indicates that TTMI should not have too much problems paying its short term obligations.
The Quick ratio of TTMI (1.70) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 27.61% over the past year.
TTMI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.89% yearly.
The Revenue has grown by 9.42% 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)27.61%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%46.34%
Revenue 1Y (TTM)9.42%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%14.4%
3.2 Future
Based on estimates for the next years, TTMI will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.98% on average per year.
TTMI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y19.25%
EPS Next 2Y15.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.41%
Revenue Next 2Y3.58%
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.
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
A Price/Earnings ratio of 14.83 indicates a correct valuation of TTMI.
Compared to the rest of the industry, the Price/Earnings ratio of TTMI indicates a rather cheap valuation: TTMI is cheaper than 90.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.63, TTMI is valued a bit cheaper.
The Price/Forward Earnings ratio is 12.44, which indicates a correct valuation of TTMI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TTMI indicates a rather cheap valuation: TTMI is cheaper than 89.17% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. TTMI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.83 | ||
| Fwd PE | 12.44 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TTMI is valued cheaper than 80.83% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as TTMI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 114.56 | ||
| EV/EBITDA | 10.16 |
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.
A more expensive valuation may be justified as TTMI's earnings are expected to grow with 15.98% in the coming years.
PEG (NY)0.77
PEG (5Y)1.88
EPS Next 2Y15.98%
EPS Next 3YN/A
5. Dividend
5.1 Amount
TTMI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
25.36
-0.66 (-2.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.15%
Inst Owner Change1.5%
Ins Owners2.11%
Ins Owner Change0.39%
Market Cap2.59B
Analysts82.22
Price Target30.94 (22%)
Short Float %2.92%
Short Ratio4.14
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)1
Avg EPS beat(2)5.55%
Min EPS beat(2)-1.36%
Max EPS beat(2)12.46%
EPS beat(4)3
Avg EPS beat(4)8.38%
Min EPS beat(4)-1.36%
Max EPS beat(4)12.46%
EPS beat(8)6
Avg EPS beat(8)17.99%
EPS beat(12)10
Avg EPS beat(12)20.04%
EPS beat(16)12
Avg EPS beat(16)18.65%
Revenue beat(2)2
Avg Revenue beat(2)1.2%
Min Revenue beat(2)0.07%
Max Revenue beat(2)2.33%
Revenue beat(4)3
Avg Revenue beat(4)0.31%
Min Revenue beat(4)-2.47%
Max Revenue beat(4)2.33%
Revenue beat(8)3
Avg Revenue beat(8)-2.13%
Revenue beat(12)6
Avg Revenue beat(12)-0.79%
Revenue beat(16)9
Avg Revenue beat(16)-0.45%
PT rev (1m)3.7%
PT rev (3m)22.25%
EPS NQ rev (1m)-0.35%
EPS NQ rev (3m)-0.35%
EPS NY rev (1m)2.26%
EPS NY rev (3m)1.36%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.83 | ||
| Fwd PE | 12.44 | ||
| P/S | 1.1 | ||
| P/FCF | 114.56 | ||
| P/OCF | 13.04 | ||
| P/B | 1.67 | ||
| P/tB | 4.02 | ||
| EV/EBITDA | 10.16 |
EPS(TTM)1.71
EY6.74%
EPS(NY)2.04
Fwd EY8.04%
FCF(TTM)0.22
FCFY0.87%
OCF(TTM)1.94
OCFY7.67%
SpS23.15
BVpS15.17
TBVpS6.31
PEG (NY)0.77
PEG (5Y)1.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2% | ||
| ROE | 4.43% | ||
| ROCE | 5.77% | ||
| ROIC | 4.56% | ||
| ROICexc | 5.54% | ||
| ROICexgc | 9.44% | ||
| OM | 6.49% | ||
| PM (TTM) | 2.9% | ||
| GM | 19.75% | ||
| FCFM | 0.96% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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 Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 41.13 | ||
| Debt/EBITDA | 3.02 | ||
| Cap/Depr | 114.73% | ||
| Cap/Sales | 7.44% | ||
| Interest Coverage | 3.2 | ||
| Cash Conversion | 64.72% | ||
| Profit Quality | 32.97% | ||
| Current Ratio | 2 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | 2.3 |
F-Score8
WACC8.22%
ROIC/WACC0.55
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)27.61%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%46.34%
EPS Next Y19.25%
EPS Next 2Y15.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.42%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%14.4%
Revenue Next Year4.41%
Revenue Next 2Y3.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y26.86%
EBIT growth 3Y7.05%
EBIT growth 5Y6.81%
EBIT Next Year59.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-70.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.77%
OCF growth 3YN/A
OCF growth 5YN/A