TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis
USA - NASDAQ:TTMI - US87305R1095 - Common Stock
67.2 USD
+5.22 (+8.42%)
67.2 USD
0 (0%)
Taking everything into account, TTMI scores 5 out of 10 in our fundamental rating. TTMI was compared to 124 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 correct valuation and a medium growth rate.
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
The Return On Assets of TTMI (2.60%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 5.69%, TTMI is in the better half of the industry, outperforming 60.48% of the companies in the same industry.
The Return On Invested Capital of TTMI (6.12%) is better than 63.71% 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 9.38%.
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
With a decent Profit Margin value of 3.52%, TTMI is doing good in the industry, outperforming 62.90% of the companies in the same industry.
In the last couple of years the Profit Margin of TTMI has grown nicely.
The Operating Margin of TTMI (8.05%) is better than 74.19% of its industry peers.
TTMI's Operating Margin has improved in the last couple of years.
TTMI has a worse Gross Margin (20.23%) than 66.13% of its industry peers.
TTMI's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
2.2 Solvency
TTMI has an Altman-Z score of 3.72. This indicates that TTMI is financially healthy and has little risk of bankruptcy at the moment.
TTMI has a Altman-Z score (3.72) 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.
TTMI has a Debt to FCF ratio of 52.91. This is comparable to the rest of the industry: TTMI outperforms 49.19% of its industry peers.
A Debt/Equity ratio of 0.57 indicates that TTMI is somewhat dependend on debt financing.
TTMI's Debt to Equity ratio of 0.57 is on the low side compared to the rest of the industry. TTMI is outperformed by 72.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 52.91 | ||
| Altman-Z | 3.72 |
ROIC/WACC0.67
WACC9.07%
2.3 Liquidity
A Current Ratio of 2.03 indicates that TTMI has no problem at all paying its short term obligations.
TTMI's Current ratio of 2.03 is in line compared to the rest of the industry. TTMI outperforms 41.94% of its industry peers.
A Quick Ratio of 1.72 indicates that TTMI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.72, TTMI is in line with its industry, outperforming 51.61% of the companies in the same industry.
| 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 54.61% 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.
The Revenue has grown by 9.41% in the past year. This is quite good.
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)54.61%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%63.41%
Revenue 1Y (TTM)9.41%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%22.09%
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 19.28% on average per year.
Based on estimates for the next years, TTMI will show a quite strong growth in Revenue. The Revenue will grow by 9.34% on average per year.
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
The Price/Earnings ratio is 28.60, which means the current valuation is very expensive for TTMI.
Compared to the rest of the industry, the Price/Earnings ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 65.32% of the companies listed in the same industry.
TTMI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
TTMI is valuated quite expensively with a Price/Forward Earnings ratio of 25.24.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TTMI indicates a somewhat cheap valuation: TTMI is cheaper than 62.90% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.55. TTMI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.6 | ||
| Fwd PE | 25.24 |
4.2 Price Multiples
62.10% of the companies in the same industry are more expensive than TTMI, based on the Enterprise Value to EBITDA ratio.
TTMI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 393.58 | ||
| EV/EBITDA | 20.7 |
4.3 Compensation for Growth
TTMI's 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)0.76
PEG (5Y)3.63
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 |
67.2
+5.22 (+8.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.43%
Inst Owner Change0.36%
Ins Owners1.13%
Ins Owner Change-1.29%
Market Cap6.94B
Revenue(TTM)2.44B
Net Income(TTM)93.19M
Analysts84
Price Target64.01 (-4.75%)
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)10.57%
PT rev (3m)50.3%
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 | 28.6 | ||
| Fwd PE | 25.24 | ||
| P/S | 2.62 | ||
| P/FCF | 393.58 | ||
| P/OCF | 29.13 | ||
| P/B | 4.24 | ||
| P/tB | 8.75 | ||
| EV/EBITDA | 20.7 |
EPS(TTM)2.35
EY3.5%
EPS(NY)2.66
Fwd EY3.96%
FCF(TTM)0.17
FCFY0.25%
OCF(TTM)2.31
OCFY3.43%
SpS25.62
BVpS15.84
TBVpS7.68
PEG (NY)0.76
PEG (5Y)3.63
Graham Number28.94
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 | 3.72 |
F-Score8
WACC9.07%
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)54.61%
EPS 3Y10.42%
EPS 5Y7.89%
EPS Q2Q%63.41%
EPS Next Y37.63%
EPS Next 2Y24.77%
EPS Next 3Y19.28%
EPS Next 5YN/A
Revenue 1Y (TTM)9.41%
Revenue growth 3Y2.8%
Revenue growth 5Y2.75%
Sales Q2Q%22.09%
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 28.6 and the Price/Book (PB) ratio is 4.24.