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TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis

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

40.06  -0.44 (-1.09%)

After market: 40.01 -0.05 (-0.12%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to TTMI. TTMI was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI scores excellent on profitability, but there are some minor concerns on its financial health. TTMI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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7

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.
In the past 5 years TTMI always reported a positive cash flow from operatings.
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

The Return On Assets of TTMI (2.60%) is better than 62.10% of its industry peers.
TTMI has a better Return On Equity (5.69%) than 62.10% of its industry peers.
TTMI's Return On Invested Capital of 6.12% is fine compared to the rest of the industry. TTMI outperforms 66.94% 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 9.66%.
The last Return On Invested Capital (6.12%) for TTMI is above the 3 year average (4.37%), which is a sign of increasing profitability.
Industry RankSector 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%
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's Profit Margin of 3.52% is fine compared to the rest of the industry. TTMI outperforms 64.52% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
TTMI has a Operating Margin of 8.05%. This is in the better half of the industry: TTMI outperforms 75.81% of its industry peers.
TTMI's Operating Margin has improved in the last couple of years.
TTMI has a Gross Margin of 20.23%. This is in the lower half of the industry: TTMI underperforms 65.32% of its industry peers.
In the last couple of years the Gross Margin of TTMI has grown nicely.
Industry RankSector 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%
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

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4

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.
Compared to 1 year ago, TTMI has about the same amount of shares outstanding.
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.
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 2.85. This is not the best score and indicates that TTMI is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of TTMI (2.85) is comparable to the rest of the 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.
The Debt to FCF ratio of TTMI (52.91) is comparable to the rest of the 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 72.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 52.91
Altman-Z 2.85
ROIC/WACC0.66
WACC9.2%
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

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.
TTMI's Quick ratio of 1.72 is in line compared to the rest of the industry. TTMI outperforms 50.81% of its industry peers.
Industry RankSector Rank
Current Ratio 2.03
Quick Ratio 1.72
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

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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 35.71%, 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.
TTMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.24%.
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)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 19.27% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.09% 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 2Y7.96%
Revenue Next 3Y6.09%
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.
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 2027 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

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 19.17 indicates a rather expensive 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 80.65% of the companies listed in the same industry.
TTMI is valuated rather cheaply when we compare the Price/Earnings ratio to 26.85, which is the current average of the S&P500 Index.
TTMI is valuated correctly with a Price/Forward Earnings ratio of 16.47.
Based on the Price/Forward Earnings ratio, TTMI is valued a bit cheaper than the industry average as 79.84% of the companies are valued more expensively.
TTMI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.98.
Industry RankSector Rank
PE 19.17
Fwd PE 16.47
TTMI Price Earnings VS Forward Price EarningsTTMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

TTMI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TTMI is cheaper than 75.81% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as TTMI.
Industry RankSector Rank
P/FCF 230.81
EV/EBITDA 12.82
TTMI Per share dataTTMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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.
TTMI's earnings are expected to grow with 19.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.67
PEG (5Y)2.43
EPS Next 2Y19.27%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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TTM TECHNOLOGIES

NASDAQ:TTMI (8/20/2025, 4:52:00 PM)

After market: 40.01 -0.05 (-0.12%)

40.06

-0.44 (-1.09%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-28 2025-10-28/bmo
Inst Owners104.09%
Inst Owner Change-0.51%
Ins Owners1.86%
Ins Owner Change-1.47%
Market Cap4.07B
Analysts84
Price Target57.89 (44.51%)
Short Float %3.12%
Short Ratio1.34
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)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)49.34%
PT rev (3m)62.14%
EPS NQ rev (1m)10.74%
EPS NQ rev (3m)12.46%
EPS NY rev (1m)0%
EPS NY rev (3m)7.79%
Revenue NQ rev (1m)6.15%
Revenue NQ rev (3m)9.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 19.17
Fwd PE 16.47
P/S 1.54
P/FCF 230.81
P/OCF 17.09
P/B 2.49
P/tB 5.13
EV/EBITDA 12.82
EPS(TTM)2.09
EY5.22%
EPS(NY)2.43
Fwd EY6.07%
FCF(TTM)0.17
FCFY0.43%
OCF(TTM)2.34
OCFY5.85%
SpS26.04
BVpS16.11
TBVpS7.81
PEG (NY)0.67
PEG (5Y)2.43
Profitability
Industry RankSector 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 RankSector 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 2.85
F-Score8
WACC9.2%
ROIC/WACC0.66
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 Y28.54%
EPS Next 2Y19.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.24%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%20.74%
Revenue Next Year10.32%
Revenue Next 2Y7.96%
Revenue Next 3Y6.09%
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%