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TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis

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

35.38  -1.04 (-2.86%)

After market: 35.38 0 (0%)

Fundamental Rating

5

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. Both the profitability and the financial health of TTMI get a neutral evaluation. Nothing too spectacular is happening here. TTMI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

TTMI had positive earnings in the past year.
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

With a Return On Assets value of 2.26%, TTMI perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
With a decent Return On Equity value of 4.92%, TTMI is doing good in the industry, outperforming 62.40% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.57%, TTMI is doing good in the industry, outperforming 64.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TTMI is below the industry average of 9.35%.
The last Return On Invested Capital (5.57%) for TTMI is above the 3 year average (4.37%), which is a sign of increasing profitability.
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

Looking at the Profit Margin, with a value of 3.09%, TTMI is in the better half of the industry, outperforming 66.40% of the companies in the same industry.
TTMI's Profit Margin has improved in the last couple of years.
TTMI's Operating Margin of 7.53% is fine compared to the rest of the industry. TTMI outperforms 74.40% of its industry peers.
In the last couple of years the Operating Margin of TTMI has grown nicely.
Looking at the Gross Margin, with a value of 20.01%, TTMI is doing worse than 64.80% of the companies in the same industry.
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

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TTMI is destroying value.
The number of shares outstanding for TTMI remains at a similar level compared to 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.
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 2.74. 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 Altman-Z score of 2.74. This is in the lower half of the industry: TTMI underperforms 62.40% of its industry peers.
TTMI has a Debt/Equity ratio of 0.59. This is a neutral value indicating TTMI is somewhat dependend on debt financing.
TTMI has a Debt to Equity ratio of 0.59. This is in the lower half of the industry: TTMI underperforms 77.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Altman-Z 2.74
ROIC/WACC0.67
WACC8.3%
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.
Looking at the Current ratio, with a value of 2.07, TTMI is in line with its industry, outperforming 40.80% of the companies in the same industry.
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.
TTMI has a Quick ratio (1.75) which 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

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 29.25% over the past year.
TTMI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.89% yearly.
TTMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.65%.
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 18.46% on average per year.
Based on estimates for the next years, TTMI will show a small growth in Revenue. The Revenue will grow by 7.32% on average per year.
EPS Next Y27.8%
EPS Next 2Y18.46%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.11%
Revenue Next 2Y7.32%
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

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 18.62 indicates a rather expensive valuation of TTMI.
78.40% of the companies in the same industry are more expensive than TTMI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of TTMI to the average of the S&P500 Index (26.31), we can say TTMI is valued slightly cheaper.
TTMI is valuated correctly with a Price/Forward Earnings ratio of 14.74.
79.20% of the companies in the same industry are more expensive than TTMI, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TTMI to the average of the S&P500 Index (22.13), we can say TTMI is valued slightly cheaper.
Industry RankSector Rank
PE 18.62
Fwd PE 14.74
TTMI Price Earnings VS Forward Price EarningsTTMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.51
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.
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 18.46% in the coming years.
PEG (NY)0.67
PEG (5Y)2.36
EPS Next 2Y18.46%
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 (6/13/2025, 8:00:02 PM)

After market: 35.38 0 (0%)

35.38

-1.04 (-2.86%)

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)07-29 2025-07-29/bmo
Inst Owners102.47%
Inst Owner Change-0.41%
Ins Owners2.16%
Ins Owner Change0.96%
Market Cap3.60B
Analysts84
Price Target35.7 (0.9%)
Short Float %2.94%
Short Ratio3.68
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)0%
PT rev (3m)0.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.31%
EPS NY rev (1m)7.17%
EPS NY rev (3m)7.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.08%
Valuation
Industry RankSector Rank
PE 18.62
Fwd PE 14.74
P/S 1.43
P/FCF N/A
P/OCF 19.72
P/B 2.27
P/tB 4.9
EV/EBITDA 12.51
EPS(TTM)1.9
EY5.37%
EPS(NY)2.4
Fwd EY6.78%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)1.79
OCFY5.07%
SpS24.81
BVpS15.62
TBVpS7.22
PEG (NY)0.67
PEG (5Y)2.36
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 2.74
F-Score8
WACC8.3%
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)29.25%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%61.29%
EPS Next Y27.8%
EPS Next 2Y18.46%
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 Year9.11%
Revenue Next 2Y7.32%
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%