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TTM TECHNOLOGIES (TTMI) Stock Fundamental Analysis

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

29.04  +0.14 (+0.48%)

After market: 29.04 0 (0%)

Fundamental Rating

5

Overall TTMI gets a fundamental rating of 5 out of 10. We evaluated TTMI against 125 industry peers in the Electronic Equipment, Instruments & Components industry. TTMI has only an average score on both its financial health and profitability. TTMI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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6

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.
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

Looking at the Return On Assets, with a value of 2.26%, TTMI is in line with its industry, outperforming 59.20% of the companies in the same industry.
TTMI's Return On Equity of 4.92% is fine compared to the rest of the industry. TTMI outperforms 60.80% of its industry peers.
With a decent Return On Invested Capital value of 5.57%, TTMI is doing good in the industry, outperforming 65.60% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TTMI is below the industry average of 9.29%.
The 3 year average ROIC (4.37%) for TTMI is below the current ROIC(5.57%), indicating increased profibility in the last year.
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

TTMI's Profit Margin of 3.09% is fine compared to the rest of the industry. TTMI outperforms 64.80% of its industry peers.
In the last couple of years the Profit Margin of TTMI has grown nicely.
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.
The Gross Margin of TTMI (20.01%) is worse than 65.60% of its industry peers.
TTMI's Gross Margin has improved in the last couple of years.
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.
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
The debt/assets ratio for TTMI has been reduced compared to a year ago.
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

An Altman-Z score of 2.49 indicates that TTMI is not a great score, but indicates only limited risk for bankruptcy at the moment.
TTMI's Altman-Z score of 2.49 is on the low side compared to the rest of the industry. TTMI is outperformed by 60.80% 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's Debt to Equity ratio of 0.59 is on the low side compared to the rest of the industry. TTMI is outperformed by 77.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF N/A
Altman-Z 2.49
ROIC/WACC0.61
WACC9.09%
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.
TTMI's Current ratio of 2.07 is in line compared to the rest of the industry. TTMI outperforms 46.40% of its industry peers.
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

TTMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.25%, 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 11.65% 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)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

TTMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.46% yearly.
The Revenue is expected to grow by 7.32% on average over the next years.
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

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.
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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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 15.28 indicates a correct valuation of TTMI.
Based on the Price/Earnings ratio, TTMI is valued cheaper than 84.00% of the companies in the same industry.
TTMI is valuated rather cheaply when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.10, the valuation of TTMI can be described as correct.
TTMI's Price/Forward Earnings ratio is rather cheap when compared to the industry. TTMI is cheaper than 87.20% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.85, TTMI is valued a bit cheaper.
Industry RankSector Rank
PE 15.28
Fwd PE 12.1
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

80.80% 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 10.25
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)0.55
PEG (5Y)1.94
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 (5/22/2025, 8:00:01 PM)

After market: 29.04 0 (0%)

29.04

+0.14 (+0.48%)

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-0.52%
Ins Owners2.16%
Ins Owner Change-0.04%
Market Cap2.95B
Analysts84
Price Target35.7 (22.93%)
Short Float %2.6%
Short Ratio3.42
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)0.72%
PT rev (3m)15.38%
EPS NQ rev (1m)7.95%
EPS NQ rev (3m)6.31%
EPS NY rev (1m)7.17%
EPS NY rev (3m)7.17%
Revenue NQ rev (1m)3.35%
Revenue NQ rev (3m)3.12%
Revenue NY rev (1m)2.12%
Revenue NY rev (3m)4.5%
Valuation
Industry RankSector Rank
PE 15.28
Fwd PE 12.1
P/S 1.17
P/FCF N/A
P/OCF 16.18
P/B 1.86
P/tB 4.02
EV/EBITDA 10.25
EPS(TTM)1.9
EY6.54%
EPS(NY)2.4
Fwd EY8.26%
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)1.79
OCFY6.18%
SpS24.81
BVpS15.62
TBVpS7.23
PEG (NY)0.55
PEG (5Y)1.94
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 2.49
F-Score8
WACC9.09%
ROIC/WACC0.61
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 Year64.09%
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%