TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
USA - NASDAQ:TTMI - US87305R1095 - Common Stock
46.77 USD
-1.55 (-3.21%)
46.77 USD
0 (0%)
TTMI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. While TTMI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. TTMI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year TTMI was profitable.
TTMI had a positive operating cash flow in the past year.
Of the past 5 years TTMI 4 years were profitable.
Each year in the past 5 years TTMI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.60%, TTMI is in the better half of the industry, outperforming 60.80% of the companies in the same industry.
TTMI has a Return On Equity of 5.69%. This is in the better half of the industry: TTMI outperforms 61.60% of its industry peers.
The Return On Invested Capital of TTMI (6.12%) is better than 65.60% of its industry peers.
TTMI had an Average Return On Invested Capital over the past 3 years of 4.37%. This is significantly below the industry average of 9.48%.
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 Profit Margin of 3.52%. This is in the better half of the industry: TTMI outperforms 64.00% of its industry peers.
TTMI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 8.05%, TTMI is in the better half of the industry, outperforming 75.20% of the companies in the same industry.
TTMI's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 20.23%, TTMI is not doing good in the industry: 66.40% 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 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
TTMI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.07 indicates that TTMI is not in any danger for bankruptcy at the moment.
TTMI's Altman-Z score of 3.07 is in line compared to the rest of the industry. TTMI outperforms 45.60% of its industry peers.
The Debt to FCF ratio of TTMI is 52.91, which is on the high side as it means it would take TTMI, 52.91 years of fcf income to pay off 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 50.40% of the companies in the same industry.
TTMI has a Debt/Equity ratio of 0.57. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
The Debt to Equity ratio of TTMI (0.57) is worse than 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 52.91 | ||
| Altman-Z | 3.07 |
ROIC/WACC0.67
WACC9.07%
2.3 Liquidity
A Current Ratio of 2.03 indicates that TTMI has no problem at all paying its short term obligations.
TTMI has a Current ratio (2.03) which is comparable to the rest of the industry.
A Quick Ratio of 1.72 indicates that TTMI should not have too much problems paying its short term obligations.
The Quick ratio of TTMI (1.72) 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 35.71%, which is quite impressive.
The Earnings Per Share has been growing slightly by 7.89% on average over the past years.
TTMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.24%.
TTMI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.75% yearly.
EPS 1Y (TTM)35.71%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%48.72%
Revenue 1Y (TTM)14.24%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%20.74%
3.2 Future
The Earnings Per Share is expected to grow by 17.79% on average over the next years. This is quite good.
TTMI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.87% yearly.
EPS Next Y37.63%
EPS Next 2Y24.47%
EPS Next 3Y17.79%
EPS Next 5YN/A
Revenue Next Year16.4%
Revenue Next 2Y10.81%
Revenue Next 3Y7.87%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 22.38 indicates a rather expensive valuation of TTMI.
Compared to the rest of the industry, the Price/Earnings ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 77.60% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. TTMI is around the same levels.
TTMI is valuated rather expensively with a Price/Forward Earnings ratio of 17.65.
Based on the Price/Forward Earnings ratio, TTMI is valued a bit cheaper than 74.40% of the companies in the same industry.
TTMI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.38 | ||
| Fwd PE | 17.65 |
4.2 Price Multiples
73.60% of the companies in the same industry are more expensive than TTMI, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as TTMI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 273.93 | ||
| EV/EBITDA | 14.82 |
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 17.79% in the coming years.
PEG (NY)0.59
PEG (5Y)2.84
EPS Next 2Y24.47%
EPS Next 3Y17.79%
5. Dividend
5.1 Amount
No dividends for TTMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
46.77
-1.55 (-3.21%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners104.09%
Inst Owner Change-0.49%
Ins Owners1.86%
Ins Owner Change-1.29%
Market Cap4.83B
Analysts84
Price Target57.89 (23.78%)
Short Float %3.41%
Short Ratio1.44
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)0%
PT rev (3m)62.14%
EPS NQ rev (1m)0.84%
EPS NQ rev (3m)12.71%
EPS NY rev (1m)7.06%
EPS NY rev (3m)7.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.94%
Revenue NY rev (1m)5.5%
Revenue NY rev (3m)6.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.38 | ||
| Fwd PE | 17.65 | ||
| P/S | 1.83 | ||
| P/FCF | 273.93 | ||
| P/OCF | 20.28 | ||
| P/B | 2.95 | ||
| P/tB | 6.09 | ||
| EV/EBITDA | 14.82 |
EPS(TTM)2.09
EY4.47%
EPS(NY)2.65
Fwd EY5.66%
FCF(TTM)0.17
FCFY0.37%
OCF(TTM)2.31
OCFY4.93%
SpS25.62
BVpS15.84
TBVpS7.68
PEG (NY)0.59
PEG (5Y)2.84
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%
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 Turnover0.74
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 | 3.07 |
F-Score8
WACC9.07%
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)35.71%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%48.72%
EPS Next Y37.63%
EPS Next 2Y24.47%
EPS Next 3Y17.79%
EPS Next 5YN/A
Revenue 1Y (TTM)14.24%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%20.74%
Revenue Next Year16.4%
Revenue Next 2Y10.81%
Revenue Next 3Y7.87%
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%