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 may be a bit undervalued, certainly considering the very reasonable score on growth
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's Return On Assets of 1.62% is in line compared to the rest of the industry. TTMI outperforms 55.20% of its industry peers.
TTMI has a Return On Equity (3.60%) which is comparable to the rest of the industry.
TTMI's Return On Invested Capital of 4.74% is fine compared to the rest of the industry. TTMI outperforms 63.20% 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 9.29%.
The last Return On Invested Capital (4.74%) for TTMI is above the 3 year average (4.37%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 3.6% | ||
| ROIC | 4.74% |
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 (2.30%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of TTMI has grown nicely.
TTMI's Operating Margin of 6.54% is fine compared to the rest of the industry. TTMI outperforms 73.60% of its industry peers.
In the last couple of years the Operating Margin of TTMI has grown nicely.
The Gross Margin of TTMI (19.54%) is worse than 66.40% of its industry peers.
TTMI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.54% | ||
| PM (TTM) | 2.3% | ||
| GM | 19.54% |
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.
Compared to 1 year ago, TTMI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.12 indicates that TTMI is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of TTMI (2.12) is worse than 64.00% of its industry peers.
TTMI has a debt to FCF ratio of 18.18. This is a negative value and a sign of low solvency as TTMI would need 18.18 years to pay back of all of its debts.
TTMI has a Debt to FCF ratio (18.18) which is comparable to the rest of the industry.
TTMI has a Debt/Equity ratio of 0.59. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
The Debt to Equity ratio of TTMI (0.59) is worse than 77.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 18.18 | ||
| Altman-Z | 2.12 |
ROIC/WACC0.58
WACC8.18%
2.3 Liquidity
TTMI has a Current Ratio of 1.99. 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 Current ratio (1.99) which is in line with its industry peers.
A Quick Ratio of 1.71 indicates that TTMI should not have too much problems paying its short term obligations.
TTMI has a Quick ratio of 1.71. This is comparable to the rest of the industry: TTMI outperforms 50.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.71 |
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.
Looking at the last year, TTMI shows a quite strong growth in Revenue. The Revenue has grown by 9.42% in the last year.
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 15.95% on average per year.
Based on estimates for the next years, TTMI will show a small growth in Revenue. The Revenue will grow by 5.63% on average per year.
EPS Next Y19.25%
EPS Next 2Y15.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.84%
Revenue Next 2Y5.63%
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
The Price/Earnings ratio is 11.53, which indicates a very decent valuation of TTMI.
Based on the Price/Earnings ratio, TTMI is valued cheaper than 90.40% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.98, TTMI is valued rather cheaply.
A Price/Forward Earnings ratio of 9.67 indicates a reasonable 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 94.40% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, TTMI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.53 | ||
| Fwd PE | 9.67 |
4.2 Price Multiples
88.80% of the companies in the same industry are more expensive than TTMI, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TTMI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.15 | ||
| EV/EBITDA | 8.07 |
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.
TTMI has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as TTMI's earnings are expected to grow with 15.95% in the coming years.
PEG (NY)0.6
PEG (5Y)1.46
EPS Next 2Y15.95%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for TTMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:TTMI (4/30/2025, 12:35:11 PM)
19.71
-0.71 (-3.48%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners102.47%
Inst Owner Change-0.01%
Ins Owners2.16%
Ins Owner Change0.4%
Market Cap2.00B
Analysts84
Price Target35.45 (79.86%)
Short Float %2.77%
Short Ratio4.06
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)11.46%
Min EPS beat(2)-1.36%
Max EPS beat(2)24.28%
EPS beat(4)3
Avg EPS beat(4)11.73%
Min EPS beat(4)-1.36%
Max EPS beat(4)24.28%
EPS beat(8)6
Avg EPS beat(8)20.41%
EPS beat(12)10
Avg EPS beat(12)21.43%
EPS beat(16)12
Avg EPS beat(16)17.51%
Revenue beat(2)2
Avg Revenue beat(2)0.67%
Min Revenue beat(2)0.07%
Max Revenue beat(2)1.27%
Revenue beat(4)4
Avg Revenue beat(4)1.24%
Min Revenue beat(4)0.07%
Max Revenue beat(4)2.33%
Revenue beat(8)4
Avg Revenue beat(8)-0.96%
Revenue beat(12)6
Avg Revenue beat(12)-1.21%
Revenue beat(16)9
Avg Revenue beat(16)-0.42%
PT rev (1m)0%
PT rev (3m)18.8%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.75%
EPS NY rev (1m)0%
EPS NY rev (3m)2.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.89%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)2.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.53 | ||
| Fwd PE | 9.67 | ||
| P/S | 0.82 | ||
| P/FCF | 39.15 | ||
| P/OCF | 8.45 | ||
| P/B | 1.28 | ||
| P/tB | 2.85 | ||
| EV/EBITDA | 8.07 |
EPS(TTM)1.71
EY8.68%
EPS(NY)2.04
Fwd EY10.35%
FCF(TTM)0.5
FCFY2.55%
OCF(TTM)2.33
OCFY11.83%
SpS24.04
BVpS15.39
TBVpS6.91
PEG (NY)0.6
PEG (5Y)1.46
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 3.6% | ||
| ROCE | 6% | ||
| ROIC | 4.74% | ||
| ROICexc | 5.85% | ||
| ROICexgc | 9.73% | ||
| OM | 6.54% | ||
| PM (TTM) | 2.3% | ||
| GM | 19.54% | ||
| FCFM | 2.09% |
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 Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 18.18 | ||
| Debt/EBITDA | 2.99 | ||
| Cap/Depr | 123.72% | ||
| Cap/Sales | 7.6% | ||
| Interest Coverage | 3.26 | ||
| Cash Conversion | 76.43% | ||
| Profit Quality | 90.86% | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.71 | ||
| Altman-Z | 2.12 |
F-Score8
WACC8.18%
ROIC/WACC0.58
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)27.61%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%46.34%
EPS Next Y19.25%
EPS Next 2Y15.95%
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 Year6.84%
Revenue Next 2Y5.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y44.3%
EBIT growth 3Y7.05%
EBIT growth 5Y6.81%
EBIT Next Year64.09%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y89.17%
FCF growth 3Y-18.53%
FCF growth 5Y-21.29%
OCF growth 1Y26.49%
OCF growth 3Y10.29%
OCF growth 5Y-5.35%