TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
USA - NASDAQ:TTMI - US87305R1095 - Common Stock
59.21 USD
+0.31 (+0.53%)
59.9981 USD
+0.79 (+1.33%)
Taking everything into account, TTMI scores 5 out of 10 in our fundamental rating. TTMI was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI has an average financial health and profitability rating. TTMI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year TTMI was profitable.
TTMI had a positive operating cash flow in the past year.
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's Return On Assets of 2.60% is in line compared to the rest of the industry. TTMI outperforms 59.35% of its industry peers.
TTMI has a Return On Equity of 5.69%. This is in the better half of the industry: TTMI outperforms 60.16% of its industry peers.
TTMI has a Return On Invested Capital of 6.12%. This is in the better half of the industry: TTMI outperforms 63.41% 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 9.37%.
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
Looking at the Profit Margin, with a value of 3.52%, TTMI is in the better half of the industry, outperforming 62.60% of the companies in the same industry.
TTMI's Profit Margin has improved in the last couple of years.
TTMI has a better Operating Margin (8.05%) than 73.98% of its industry peers.
TTMI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 20.23%, TTMI is doing worse than 66.67% of the companies in the same industry.
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.
Compared to 1 year ago, TTMI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.46 indicates that TTMI is not in any danger for bankruptcy at the moment.
TTMI has a Altman-Z score (3.46) which is comparable to the rest of the industry.
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 48.78% of the companies in the same 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 73.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 52.91 | ||
| Altman-Z | 3.46 |
ROIC/WACC0.68
WACC9.02%
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 of 2.03. This is comparable to the rest of the industry: TTMI outperforms 41.46% of its industry peers.
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 51.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 35.71% over the past year.
The Earnings Per Share has been growing slightly by 7.89% on average over the past years.
The Revenue has grown by 14.24% in the past year. This is quite good.
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
TTMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.28% yearly.
The Revenue is expected to grow by 9.34% on average over the next years. This is quite good.
EPS Next Y37.63%
EPS Next 2Y24.77%
EPS Next 3Y19.28%
EPS Next 5YN/A
Revenue Next Year16.4%
Revenue Next 2Y11.01%
Revenue Next 3Y9.34%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.33, TTMI can be considered very expensive at the moment.
TTMI's Price/Earnings ratio is a bit cheaper when compared to the industry. TTMI is cheaper than 65.04% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.83, TTMI is valued at the same level.
TTMI is valuated rather expensively with a Price/Forward Earnings ratio of 22.24.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 68.29% of the companies listed in the same industry.
TTMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.33 | ||
| Fwd PE | 22.24 |
4.2 Price Multiples
TTMI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TTMI is cheaper than 65.85% of the companies in the same industry.
TTMI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 346.79 | ||
| EV/EBITDA | 18.31 |
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.
TTMI has a very decent profitability rating, which may justify a higher PE ratio.
TTMI's earnings are expected to grow with 19.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.75
PEG (5Y)3.59
EPS Next 2Y24.77%
EPS Next 3Y19.28%
5. Dividend
5.1 Amount
TTMI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
59.21
+0.31 (+0.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.43%
Inst Owner Change0.99%
Ins Owners1.13%
Ins Owner Change-1.29%
Market Cap6.12B
Revenue(TTM)2.65B
Net Income(TTM)93.19M
Analysts84
Price Target60.18 (1.64%)
Short Float %4.06%
Short Ratio1.79
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)41.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.67%
EPS NY rev (1m)0%
EPS NY rev (3m)7.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.33 | ||
| Fwd PE | 22.24 | ||
| P/S | 2.31 | ||
| P/FCF | 346.79 | ||
| P/OCF | 25.67 | ||
| P/B | 3.74 | ||
| P/tB | 7.71 | ||
| EV/EBITDA | 18.31 |
EPS(TTM)2.09
EY3.53%
EPS(NY)2.66
Fwd EY4.5%
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
Graham Number27.3
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%
ROICexgc growth 3Y-0.17%
ROICexgc 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 | 3.46 |
F-Score8
WACC9.02%
ROIC/WACC0.68
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 2Y24.77%
EPS Next 3Y19.28%
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 2Y11.01%
Revenue Next 3Y9.34%
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%
TTM TECHNOLOGIES / TTMI FAQ
Can you provide the ChartMill fundamental rating for TTM TECHNOLOGIES?
ChartMill assigns a fundamental rating of 5 / 10 to TTMI.
What is the valuation status of TTM TECHNOLOGIES (TTMI) stock?
ChartMill assigns a valuation rating of 5 / 10 to TTM TECHNOLOGIES (TTMI). This can be considered as Fairly Valued.
How profitable is TTM TECHNOLOGIES (TTMI) stock?
TTM TECHNOLOGIES (TTMI) has a profitability rating of 6 / 10.
What is the valuation of TTM TECHNOLOGIES based on its PE and PB ratios?
The Price/Earnings (PE) ratio for TTM TECHNOLOGIES (TTMI) is 28.33 and the Price/Book (PB) ratio is 3.74.