TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
USA - NASDAQ:TTMI - US87305R1095 - Common Stock
59.18 USD
-1.1 (-1.82%)
59.85 USD
+0.67 (+1.13%)
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 has a correct valuation and a medium growth rate.
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.
1.2 Ratios
TTMI has a better Return On Assets (2.60%) than 60.48% of its industry peers.
TTMI has a Return On Equity of 5.69%. This is in the better half of the industry: TTMI outperforms 61.29% of its industry peers.
TTMI has a better Return On Invested Capital (6.12%) than 64.52% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TTMI is significantly below the industry average of 9.50%.
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 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
The Profit Margin of TTMI (3.52%) is better than 63.71% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
TTMI has a better Operating Margin (8.05%) than 74.19% 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 66.94% of its industry peers.
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
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.
Compared to 5 years ago, TTMI has less shares outstanding
TTMI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.47 indicates that TTMI is not in any danger for bankruptcy at the moment.
TTMI has a Altman-Z score (3.47) which is in line with 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.
TTMI has a Debt to FCF ratio (52.91) which is comparable to the rest of the industry.
TTMI has a Debt/Equity ratio of 0.57. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.57, TTMI is not doing good in the industry: 73.39% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 52.91 | ||
| Altman-Z | 3.47 |
ROIC/WACC0.65
WACC9.34%
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.
Looking at the Current ratio, with a value of 2.03, TTMI is in line with its industry, outperforming 42.74% of the companies in the same industry.
TTMI has a Quick Ratio of 1.72. This is a normal value and indicates that TTMI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.72, TTMI is in line with its industry, outperforming 52.42% of the companies in the same 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.
Looking at the last year, TTMI shows a quite strong growth in Revenue. The Revenue has grown by 14.24% in the last year.
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
Based on estimates for the next years, TTMI will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.79% on average per year.
The Revenue is expected to grow by 9.04% on average over the next years. This is quite good.
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 3Y9.04%
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
The Price/Earnings ratio is 28.32, which means the current valuation is very expensive for TTMI.
66.13% of the companies in the same industry are more expensive than TTMI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.86, TTMI is valued at the same level.
The Price/Forward Earnings ratio is 22.34, which indicates a rather expensive current valuation of TTMI.
67.74% of the companies in the same industry are more expensive than TTMI, based on the Price/Forward Earnings ratio.
TTMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.32 | ||
| Fwd PE | 22.34 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 63.71% of the companies listed in the same industry.
TTMI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 346.61 | ||
| EV/EBITDA | 18.39 |
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)0.75
PEG (5Y)3.59
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 |
59.18
-1.1 (-1.82%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.43%
Inst Owner Change-0.49%
Ins Owners1.13%
Ins Owner Change-1.29%
Market Cap6.11B
Analysts84
Price Target60.18 (1.69%)
Short Float %4.01%
Short Ratio1.59
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)3.96%
PT rev (3m)55.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.71%
EPS NY rev (1m)0%
EPS NY rev (3m)7.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.94%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.32 | ||
| Fwd PE | 22.34 | ||
| P/S | 2.31 | ||
| P/FCF | 346.61 | ||
| P/OCF | 25.66 | ||
| P/B | 3.73 | ||
| P/tB | 7.71 | ||
| EV/EBITDA | 18.39 |
EPS(TTM)2.09
EY3.53%
EPS(NY)2.65
Fwd EY4.48%
FCF(TTM)0.17
FCFY0.29%
OCF(TTM)2.31
OCFY3.9%
SpS25.62
BVpS15.84
TBVpS7.68
PEG (NY)0.75
PEG (5Y)3.59
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 | 3.47 |
F-Score8
WACC9.34%
ROIC/WACC0.65
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 3Y9.04%
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%