TTM TECHNOLOGIES (TTMI)
US87305R1095 - Common Stock
Taking everything into account, TTMI scores 4 out of 10 in our fundamental rating. TTMI was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. TTMI is valued correctly, but it does not seem to be growing.
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
TTMI has a Return On Assets of -0.56%. This is comparable to the rest of the industry: TTMI outperforms 46.83% of its industry peers.
TTMI's Return On Equity of -1.24% is in line compared to the rest of the industry. TTMI outperforms 46.83% of its industry peers.
TTMI has a Return On Invested Capital (3.34%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for TTMI is significantly below the industry average of 9.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.56% | ||
| ROE | -1.24% | ||
| ROIC | 3.34% |
ROA(3y)1.36%
ROA(5y)2.27%
ROE(3y)2.89%
ROE(5y)4.84%
ROIC(3y)4.18%
ROIC(5y)3.96%
1.3 Margins
TTMI has a Operating Margin of 4.96%. This is in the better half of the industry: TTMI outperforms 65.08% of its industry peers.
TTMI's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 18.51%, TTMI is not doing good in the industry: 65.87% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of TTMI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.96% | ||
| PM (TTM) | N/A | ||
| GM | 18.51% |
OM growth 3Y-2.9%
OM growth 5Y-2.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.77%
GM growth 5Y0.57%
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 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.
The debt/assets ratio for TTMI has been reduced compared to a year ago.
2.2 Solvency
TTMI has an Altman-Z score of 1.88. 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.
TTMI has a worse Altman-Z score (1.88) than 63.49% of its industry peers.
The Debt to FCF ratio of TTMI is 34.41, which is on the high side as it means it would take TTMI, 34.41 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TTMI (34.41) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.61 indicates that TTMI is somewhat dependend on debt financing.
TTMI has a Debt to Equity ratio of 0.61. This is in the lower half of the industry: TTMI underperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 34.41 | ||
| Altman-Z | 1.88 |
ROIC/WACC0.38
WACC8.68%
2.3 Liquidity
TTMI has a Current Ratio of 2.03. This indicates that TTMI is financially healthy and has no problem in meeting its short term obligations.
TTMI has a Current ratio of 2.03. This is comparable to the rest of the industry: TTMI outperforms 41.27% of its industry peers.
A Quick Ratio of 1.73 indicates that TTMI should not have too much problems paying its short term obligations.
TTMI has a Quick ratio (1.73) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.73 |
3. Growth
3.1 Past
The earnings per share for TTMI have decreased strongly by -23.43% in the last year.
Measured over the past years, TTMI shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.31% on average per year.
TTMI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.53%.
The Revenue has been decreasing by -0.05% on average over the past years.
EPS 1Y (TTM)-23.43%
EPS 3Y6.48%
EPS 5Y-5.31%
EPS growth Q2Q0%
Revenue 1Y (TTM)-10.53%
Revenue growth 3Y1.98%
Revenue growth 5Y-0.05%
Revenue growth Q2Q-7.8%
3.2 Future
TTMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.51% yearly.
The Revenue is expected to grow by 5.05% on average over the next years.
EPS Next Y10.91%
EPS Next 2Y14.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.43%
Revenue Next 2Y5.05%
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
Based on the Price/Earnings ratio of 11.38, the valuation of TTMI can be described as reasonable.
Based on the Price/Earnings ratio, TTMI is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 24.84, TTMI is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.26, the valuation of TTMI can be described as very reasonable.
Based on the Price/Forward Earnings ratio, TTMI is valued cheaply inside the industry as 91.27% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.35. TTMI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.38 | ||
| Fwd PE | 10.26 |
4.2 Price Multiples
TTMI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. TTMI is cheaper than 82.54% of the companies in the same industry.
TTMI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.4 | ||
| EV/EBITDA | 7.44 |
4.3 Compensation for Growth
TTMI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
TTMI's earnings are expected to grow with 14.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.04
PEG (5Y)N/A
EPS Next 2Y14.51%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for TTMI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TTM TECHNOLOGIES
NASDAQ:TTMI (4/29/2024, 12:48:28 PM)
15.25
+0.12 (+0.79%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.55B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.38 | ||
| Fwd PE | 10.26 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.56% | ||
| ROE | -1.24% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.96% | ||
| PM (TTM) | N/A | ||
| GM | 18.51% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.73 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-23.43%
EPS 3Y6.48%
EPS 5Y
EPS growth Q2Q
EPS Next Y10.91%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-10.53%
Revenue growth 3Y1.98%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y