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TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis

NASDAQ:TTMI - Nasdaq - US87305R1095 - Common Stock - Currency: USD

48.52  +2.57 (+5.59%)

After market: 49.08 +0.56 (+1.15%)

Fundamental Rating

5

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 an average financial health and profitability rating. TTMI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

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.
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.
TTMI Yearly Net Income VS EBIT VS OCF VS FCFTTMI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

With a Return On Assets value of 2.26%, TTMI perfoms like the industry average, outperforming 58.87% of the companies in the same industry.
Looking at the Return On Equity, with a value of 4.92%, TTMI is in the better half of the industry, outperforming 62.10% of the companies in the same industry.
TTMI's Return On Invested Capital of 5.57% is fine compared to the rest of the industry. TTMI outperforms 63.71% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TTMI is below the industry average of 9.27%.
The 3 year average ROIC (4.37%) for TTMI is below the current ROIC(5.57%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.26%
ROE 4.92%
ROIC 5.57%
ROA(3y)1.3%
ROA(5y)2.37%
ROE(3y)2.84%
ROE(5y)4.91%
ROIC(3y)4.37%
ROIC(5y)4.21%
TTMI Yearly ROA, ROE, ROICTTMI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

TTMI has a Profit Margin of 3.09%. This is in the better half of the industry: TTMI outperforms 65.32% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
Looking at the Operating Margin, with a value of 7.53%, TTMI is in the better half of 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 20.01%, TTMI is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of TTMI has grown nicely.
Industry RankSector Rank
OM 7.53%
PM (TTM) 3.09%
GM 20.01%
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%
TTMI Yearly Profit, Operating, Gross MarginsTTMI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

4

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.
TTMI Yearly Shares OutstandingTTMI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
TTMI Yearly Total Debt VS Total AssetsTTMI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

TTMI has an Altman-Z score of 3.05. This indicates that TTMI is financially healthy and has little risk of bankruptcy at the moment.
TTMI has a Altman-Z score (3.05) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.59 indicates that TTMI is somewhat dependend on debt financing.
TTMI's Debt to Equity ratio of 0.59 is on the low side compared to the rest of the industry. TTMI is outperformed by 76.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Altman-Z 3.05
ROIC/WACC0.6
WACC9.27%
TTMI Yearly LT Debt VS Equity VS FCFTTMI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

TTMI has a Current Ratio of 2.07. This indicates that TTMI is financially healthy and has no problem in meeting its short term obligations.
TTMI has a Current ratio (2.07) which is in line with its industry peers.
TTMI has a Quick Ratio of 1.75. This is a normal value and indicates that TTMI is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TTMI (1.75) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.07
Quick Ratio 1.75
TTMI Yearly Current Assets VS Current LiabilitesTTMI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

6

3. Growth

3.1 Past

TTMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.25%, 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.
Looking at the last year, TTMI shows a quite strong growth in Revenue. The Revenue has grown by 11.65% 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)29.25%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%61.29%
Revenue 1Y (TTM)11.65%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%13.78%

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 19.27% on average per year.
The Revenue is expected to grow by 7.91% on average over the next years.
EPS Next Y28.54%
EPS Next 2Y19.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.32%
Revenue Next 2Y7.91%
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.
TTMI Yearly Revenue VS EstimatesTTMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B 2.5B
TTMI Yearly EPS VS EstimatesTTMI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 25.54, the valuation of TTMI can be described as expensive.
Based on the Price/Earnings ratio, TTMI is valued a bit cheaper than 72.58% of the companies in the same industry.
When comparing the Price/Earnings ratio of TTMI to the average of the S&P500 Index (27.91), we can say TTMI is valued inline with the index average.
The Price/Forward Earnings ratio is 19.94, which indicates a rather expensive current valuation of TTMI.
TTMI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TTMI is cheaper than 75.81% of the companies in the same industry.
TTMI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.11.
Industry RankSector Rank
PE 25.54
Fwd PE 19.94
TTMI Price Earnings VS Forward Price EarningsTTMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

70.97% of the companies in the same industry are more expensive than TTMI, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.38
TTMI Per share dataTTMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

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 19.27% in the coming years.
PEG (NY)0.89
PEG (5Y)3.24
EPS Next 2Y19.27%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

No dividends for TTMI!.
Industry RankSector Rank
Dividend Yield N/A

TTM TECHNOLOGIES

NASDAQ:TTMI (7/29/2025, 8:24:53 PM)

After market: 49.08 +0.56 (+1.15%)

48.52

+2.57 (+5.59%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)04-30 2025-04-30/amc
Earnings (Next)07-30 2025-07-30/amc
Inst Owners104.04%
Inst Owner Change-0.12%
Ins Owners1.81%
Ins Owner Change0.17%
Market Cap4.93B
Analysts84
Price Target42.59 (-12.22%)
Short Float %3.28%
Short Ratio1.88
Dividend
Industry RankSector 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)24.31%
Min EPS beat(2)24.28%
Max EPS beat(2)24.34%
EPS beat(4)3
Avg EPS beat(4)14.93%
Min EPS beat(4)-1.36%
Max EPS beat(4)24.34%
EPS beat(8)7
Avg EPS beat(8)24.11%
EPS beat(12)10
Avg EPS beat(12)23.37%
EPS beat(16)13
Avg EPS beat(16)19.19%
Revenue beat(2)2
Avg Revenue beat(2)1.8%
Min Revenue beat(2)1.27%
Max Revenue beat(2)2.33%
Revenue beat(4)4
Avg Revenue beat(4)1.5%
Min Revenue beat(4)0.07%
Max Revenue beat(4)2.33%
Revenue beat(8)5
Avg Revenue beat(8)0.02%
Revenue beat(12)6
Avg Revenue beat(12)-1.16%
Revenue beat(16)9
Avg Revenue beat(16)-0.33%
PT rev (1m)9.87%
PT rev (3m)20.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.95%
EPS NY rev (1m)0%
EPS NY rev (3m)7.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.95%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.26%
Valuation
Industry RankSector Rank
PE 25.54
Fwd PE 19.94
P/S 1.96
P/FCF N/A
P/OCF 27.04
P/B 3.11
P/tB 6.72
EV/EBITDA 15.38
EPS(TTM)1.9
EY3.92%
EPS(NY)2.43
Fwd EY5.01%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)1.79
OCFY3.7%
SpS24.81
BVpS15.62
TBVpS7.22
PEG (NY)0.89
PEG (5Y)3.24
Profitability
Industry RankSector Rank
ROA 2.26%
ROE 4.92%
ROCE 7.06%
ROIC 5.57%
ROICexc 6.58%
ROICexgc 10.52%
OM 7.53%
PM (TTM) 3.09%
GM 20.01%
FCFM N/A
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 Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Debt/EBITDA 2.76
Cap/Depr 135.17%
Cap/Sales 7.92%
Interest Coverage 4.09
Cash Conversion 54.02%
Profit Quality N/A
Current Ratio 2.07
Quick Ratio 1.75
Altman-Z 3.05
F-Score8
WACC9.27%
ROIC/WACC0.6
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)29.25%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%61.29%
EPS Next Y28.54%
EPS Next 2Y19.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.65%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%13.78%
Revenue Next Year10.32%
Revenue Next 2Y7.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y44.81%
EBIT growth 3Y7.05%
EBIT growth 5Y6.81%
EBIT Next Year72.94%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-109.57%
FCF growth 3Y-18.53%
FCF growth 5Y-21.29%
OCF growth 1Y-37.55%
OCF growth 3Y10.29%
OCF growth 5Y-5.35%