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TT Electronics

LSE:TTG
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTG
LSE
£406M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, aerospace and defense, and transportation markets worldwide. The last earnings update was 17 days ago. More info.


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  • TT Electronics has significant price volatility in the past 3 months.
TTG Share Price and Events
7 Day Returns
5.5%
LSE:TTG
2.3%
GB Electronic
0.6%
GB Market
1 Year Returns
11.1%
LSE:TTG
7.4%
GB Electronic
1.1%
GB Market
TTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TT Electronics (TTG) 5.5% 10.6% 29.1% 11.1% 58.2% 23.5%
GB Electronic 2.3% 5.4% 13.3% 7.4% 79.5% 80.6%
GB Market 0.6% 2.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • TTG outperformed the Electronic industry which returned 7.4% over the past year.
  • TTG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
TTG
Industry
5yr Volatility vs Market

TTG Value

 Is TT Electronics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TT Electronics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TT Electronics.

LSE:TTG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:TTG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 19%) (20.29%))
1.163
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.163 * 6.65%)
8.96%

Discounted Cash Flow Calculation for LSE:TTG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TT Electronics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:TTG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.96%)
2019 15.00 Analyst x1 13.77
2020 26.17 Analyst x3 22.04
2021 27.00 Analyst x1 20.87
2022 27.69 Est @ 2.56% 19.65
2023 28.29 Est @ 2.16% 18.42
2024 28.82 Est @ 1.88% 17.23
2025 29.31 Est @ 1.69% 16.08
2026 29.76 Est @ 1.55% 14.98
2027 30.20 Est @ 1.45% 13.95
2028 30.61 Est @ 1.38% 12.98
Present value of next 10 years cash flows £169.96
LSE:TTG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £30.61 × (1 + 1.23%) ÷ (8.96% – 1.23%)
£400.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £400.80 ÷ (1 + 8.96%)10
£169.94
LSE:TTG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £169.96 + £169.94
£339.91
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £339.91 / 162.28
£2.09
LSE:TTG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.09
Current discount Discount to share price of £2.50
= -1 x (£2.50 - £2.09) / £2.09
-19.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TT Electronics is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TT Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TT Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:TTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.08
LSE:TTG Share Price ** LSE (2019-04-18) in GBP £2.5
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 21 Publicly-Listed Electronic Companies 21.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TT Electronics.

LSE:TTG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:TTG Share Price ÷ EPS (both in GBP)

= 2.5 ÷ 0.08

31.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TT Electronics is overvalued based on earnings compared to the GB Electronic industry average.
  • TT Electronics is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does TT Electronics's expected growth come at a high price?
Raw Data
LSE:TTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
20.6%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 1.98x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:TTG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.12x ÷ 20.6%

1.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TT Electronics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TT Electronics's assets?
Raw Data
LSE:TTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.71
LSE:TTG Share Price * LSE (2019-04-18) in GBP £2.5
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 2.14x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:TTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:TTG Share Price ÷ Book Value per Share (both in GBP)

= 2.5 ÷ 1.71

1.46x

* Primary Listing of TT Electronics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TT Electronics is good value based on assets compared to the GB Electronic industry average.
X
Value checks
We assess TT Electronics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. TT Electronics has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TTG Future Performance

 How is TT Electronics expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TT Electronics expected to grow at an attractive rate?
  • TT Electronics's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • TT Electronics's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • TT Electronics's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:TTG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:TTG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 20.6%
LSE:TTG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 5.6%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:TTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:TTG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 586 65 43 1
2022-12-31 537 63 37 2
2021-12-31 521 52 34 4
2020-12-31 494 47 28 7
2019-12-31 474 35 22 7
LSE:TTG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 430 25 13
2018-06-30 374 21 19
2018-03-31 367 25 17
2017-12-31 361 29 16
2017-09-30 358 15
2017-06-30 354 42 15
2017-03-31 343 34 13
2016-12-31 333 27 12
2016-09-30 369 26 10
2016-06-30 406 26 7
2016-03-31 458 26 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TT Electronics's earnings are expected to grow significantly at over 20% yearly.
  • TT Electronics's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:TTG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from TT Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TTG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.26 0.26 0.26 1.00
2022-12-31 0.23 0.23 0.23 1.00
2021-12-31 0.20 0.21 0.20 3.00
2020-12-31 0.17 0.18 0.16 4.00
2019-12-31 0.13 0.13 0.13 4.00
LSE:TTG Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.08
2018-06-30 0.12
2018-03-31 0.11
2017-12-31 0.10
2017-09-30 0.09
2017-06-30 0.09
2017-03-31 0.08
2016-12-31 0.07
2016-09-30 0.06
2016-06-30 0.04
2016-03-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TT Electronics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TT Electronics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TT Electronics has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TTG Past Performance

  How has TT Electronics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TT Electronics's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TT Electronics has delivered over 20% year on year earnings growth in the past 5 years.
  • TT Electronics's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TT Electronics's 1-year earnings growth is negative, it can't be compared to the GB Electronic industry average.
Earnings and Revenue History
TT Electronics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TT Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TTG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 429.50 13.00 95.70
2018-06-30 373.70 18.90 74.40
2018-03-31 366.85 17.30 74.00
2017-12-31 361.10 15.70 73.60
2017-09-30 357.55 15.30 73.20
2017-06-30 354.00 14.90 72.80
2017-03-31 343.35 13.40 69.85
2016-12-31 332.70 11.90 66.90
2016-09-30 369.10 9.55 69.00
2016-06-30 405.50 7.20 71.10
2016-03-31 457.70 8.80 74.35
2015-12-31 509.90 10.40 77.60
2015-09-30 518.35 3.65 79.40
2015-06-30 526.80 -3.10 81.20
2015-03-31 525.55 -6.80 83.85
2014-12-31 524.30 -10.50 86.50
2014-09-30 528.30 -3.20 88.05
2014-06-30 532.30 4.10 89.60
2014-03-31 532.25 8.95 86.90
2013-12-31 532.20 13.80 84.20
2013-09-30 511.45 14.15 78.45
2013-06-30 490.70 14.50 72.70
2013-03-31 483.80 15.30 71.05
2012-12-31 476.90 16.10 69.40
2012-09-30 475.95 14.60 71.95
2012-06-30 475.00 13.10 74.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TT Electronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TT Electronics used its assets less efficiently than the GB Electronic industry average last year based on Return on Assets.
  • TT Electronics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TT Electronics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TT Electronics has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TTG Health

 How is TT Electronics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TT Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TT Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TT Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TT Electronics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TT Electronics Company Filings, last reported 3 months ago.

LSE:TTG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 279.50 82.30 40.60
2018-06-30 272.10 80.10 38.90
2018-03-31 272.10 80.10 38.90
2017-12-31 267.50 0.60 46.50
2017-09-30 267.50 0.60 46.50
2017-06-30 236.00 114.10 48.60
2017-03-31 236.00 114.10 48.60
2016-12-31 233.40 105.20 49.80
2016-09-30 233.40 105.20 49.80
2016-06-30 218.10 115.00 44.30
2016-03-31 218.10 115.00 44.30
2015-12-31 187.40 97.00 40.90
2015-09-30 187.40 97.00 40.90
2015-06-30 176.20 60.30 34.90
2015-03-31 176.20 60.30 34.90
2014-12-31 187.80 53.70 39.40
2014-09-30 187.80 53.70 39.40
2014-06-30 190.90 42.80 27.90
2014-03-31 190.90 42.80 27.90
2013-12-31 203.30 27.60 54.50
2013-09-30 203.30 27.60 54.50
2013-06-30 207.10 28.30 37.30
2013-03-31 207.10 28.30 37.30
2012-12-31 191.10 12.40 59.10
2012-09-30 191.10 12.40 59.10
2012-06-30 185.50 54.50 47.70
  • TT Electronics's level of debt (29.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (13.7% vs 29.4% today).
  • Debt is well covered by operating cash flow (30.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess TT Electronics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TT Electronics has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TTG Dividends

 What is TT Electronics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.6%
Current annual income from TT Electronics dividends. Estimated to be 3.23% next year.
If you bought £2,000 of TT Electronics shares you are expected to receive £52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TT Electronics's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • TT Electronics's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase TT Electronics before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:TTG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 1.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:TTG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.12 1.00
2022-12-31 0.10 2.00
2021-12-31 0.09 3.00
2020-12-31 0.08 7.00
2019-12-31 0.07 6.00
LSE:TTG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-03 0.065 2.728
2019-03-06 0.065 3.024
2018-04-06 0.058 2.583
2018-03-08 0.058 2.757
2017-04-07 0.056 2.607
2017-03-09 0.056 2.928
2016-04-08 0.055 3.849
2016-03-10 0.055 3.512
2015-04-10 0.055 3.818
2015-03-12 0.055 4.206
2014-08-20 0.055 4.358
2014-04-09 0.054 2.724
2014-03-13 0.054 2.478
2013-03-14 0.050 2.720
2012-04-12 0.088 5.847
2012-03-15 0.044 2.586
2011-08-24 0.032 2.104
2011-03-17 0.028 1.534
2011-03-16 0.028 1.750
2010-08-19 0.016 0.993
2010-04-08 0.000 0.000
2010-03-15 0.000 0.000
2009-08-20 0.000 0.000
2009-04-21 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TT Electronics has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but TT Electronics only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of TT Electronics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess TT Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TT Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TT Electronics has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TTG Management

 What is the CEO of TT Electronics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Tyson
COMPENSATION £1,796,000
AGE 47
TENURE AS CEO 4.8 years
CEO Bio

Mr. Richard Tyson has been Independent Non-Executive Director at The Vitec Group plc since April 02, 2018. He has been the Group Chief Executive Officer at TT Electronics plc since July 1, 2014. Mr. Tyson joined TT Electronics plc in 2014 from Cobham plc with over 20 years' experience in the communications, aerospace and Defense industries. He joined Cobham in 2003 and was a member of the Cobham Executive Committee. Mr. Tyson served as the President of Aerospace and Security Division at Cobham Plc and also served as its Managing Director of Aerial Refuelling and Auxiliary Mission Equipment since September 2005. He has been an Executive Director of TT Electronics plc since July 1, 2014.

CEO Compensation
  • Richard's compensation has increased by more than 20% in the past year.
  • Richard's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the TT Electronics management team in years:

2
Average Tenure
47
Average Age
  • The tenure for the TT Electronics management team is about average.
Management Team

Richard Tyson

TITLE
Group CEO & Executive Director
COMPENSATION
£2M
AGE
47
TENURE
4.8 yrs

Mark Hoad

TITLE
CFO & Director
COMPENSATION
£2M
AGE
47
TENURE
4.3 yrs

Lynton Boardman

TITLE
Group General Counsel & Company Secretary
AGE
51
TENURE
6.5 yrs

Neil Fleming

TITLE
Executive Vice President of Corporate Development
TENURE
0.9 yrs

Sarah Hamilton-Hanna

TITLE
Executive Vice President of Human Resource
TENURE
0.3 yrs

Tim Roberts

TITLE
Executive Vice President of Sensors & Specialist Components
COMPENSATION
£317K
AGE
47
TENURE
2 yrs

Tom Garvey

TITLE
Executive Vice President of Power & Connectivity
TENURE
3.3 yrs

Mike Leahan

TITLE
Executive Vice President of Global Manufacturing Solutions
TENURE
1.7 yrs

Charlie Peppiatt

TITLE
Executive Vice President of IoT Solutions
AGE
48
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the TT Electronics board of directors in years:

3.9
Average Tenure
57
Average Age
  • The tenure for the TT Electronics board of directors is about average.
Board of Directors

Neil Andrew Carson

TITLE
Chairman
AGE
61
TENURE
3.9 yrs

Richard Tyson

TITLE
Group CEO & Executive Director
COMPENSATION
£2M
AGE
47
TENURE
4.8 yrs

Mark Hoad

TITLE
CFO & Director
COMPENSATION
£2M
AGE
47
TENURE
4.3 yrs

Stephen King

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£55K
AGE
57
TENURE
2.8 yrs

W. L. L. Alison Wood

TITLE
Independent Non-Executive Director
COMPENSATION
£50K
AGE
55
TENURE
2.8 yrs

Mike Baunton

TITLE
Independent Non-Executive Director
COMPENSATION
£43K
AGE
67
TENURE
8.6 yrs

Jack Boyer

TITLE
Independent Non-Executive Director
COMPENSATION
£43K
AGE
58
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by TT Electronics insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
02. Apr 19 Buy Stephen King Individual 02. Apr 19 02. Apr 19 23,000 £2.21 £50,807
21. Mar 19 Buy Jack Boyer Individual 21. Mar 19 21. Mar 19 11,000 £2.30 £25,300
04. Jan 19 Buy Michael Baunton Individual 03. Jan 19 03. Jan 19 5,000 £1.98 £9,900
07. Dec 18 Buy Jack Boyer Individual 06. Dec 18 06. Dec 18 11,792 £2.10 £24,763
12. Oct 18 Buy Michael Baunton Individual 11. Oct 18 11. Oct 18 18,044 £2.21 £39,708
10. Aug 18 Buy Jack Boyer Individual 09. Aug 18 09. Aug 18 19,296 £2.59 £49,977
09. Aug 18 Buy Neil Andrew Carson Individual 08. Aug 18 08. Aug 18 40,000 £2.58 £103,200
X
Management checks
We assess TT Electronics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TT Electronics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TTG News

Simply Wall St News

Before Investing In TT Electronics plc (LON:TTG), Consider This

I’ve analysed below, the health and outlook of TT Electronics’s cash flow, which will help you understand the stock from a cash standpoint. … TT Electronics’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of TT Electronics’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Does TT Electronics plc's (LON:TTG) CEO Salary Compare Well With Others?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Richard Tyson's Compensation Compare With Similar Sized Companies. … Our data indicates that TT Electronics plc is worth UK£342m, and total annual CEO compensation is UK£1.8m.

Simply Wall St -

Should You Be Tempted To Sell TT Electronics plc (LON:TTG) Because Of Its P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … TT Electronics has a price to earnings ratio of 27.07, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is TT Electronics plc's (LON:TTG) Balance Sheet A Threat To Its Future?

TT Electronics plc (LON:TTG) is a small-cap stock with a market capitalization of UK£325m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Should You Consider TT Electronics plc (LON:TTG)?

Help shape the future of investing tools and receive a $20 prize! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Should TT Electronics plc’s (LON:TTG) Weak Investment Returns Worry You?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Should You Be Concerned About TT Electronics plc's (LON:TTG) ROE?

Our data shows TT Electronics has a return on equity of 6.9% for the last year. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.069 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Estimating The Fair Value Of TT Electronics plc (LON:TTG)

Today, I will calculate the stock's intrinsic value. … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What Should Investors Know About The Future Of TT Electronics plc's (LON:TTG)?

Looking at TT Electronics plc's (LON:TTG) earnings update in June 2018,. … with earnings expected to grow by 4.8% in the upcoming year … the higher past 5-year average growth rate of 21%

Simply Wall St -

Does TT Electronics plc's (LON:TTG) Recent Track Record Look Strong?

Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. … Below, I will assess TT Electronics plc's (LON:TTG) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 21%, indicating the rate at which TTG is growing has accelerated

Simply Wall St -

TTG Company Info

Description

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, aerospace and defense, and transportation markets worldwide. The company operates in three divisions: Sensors and Specialist Components, Power and Connectivity, and Global Manufacturing Solutions. The Sensors and Specialist Components division works with customers to develop standard and customized solutions, including sensors and power management devices. Its solutions enhance the precision, speed, and reliability of critical aspects of its customers’ applications. The Power and Connectivity division designs and manufactures power application products and connectivity devices, which enable the capture and wireless transfer of data. It collaborates with customers to develop innovative solutions to optimize their electronic systems. The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for its product divisions and to customers that require a lower volume and higher mix of different products. It manufactures integrated product assemblies, as well as provides designing testing solutions and value-engineering services. The company offers its products and services under the AB Connectors, Aero Stanrew, BI Technologies, IRC, OPTEK Technology, Semelab, Welwyn, and Roxspur Measurement & Control brands. The company was formerly known as TT Group plc and changed its name to TT Electronics plc in 2000. TT Electronics plc was incorporated in 1906 and is headquartered in Woking, the United Kingdom.

Details
Name: TT Electronics plc
TTG
Exchange: LSE
Founded: 1906
£405,708,572
162,283,429
Website: http://www.ttelectronics.com
Address: TT Electronics plc
St Andrews House,
Fourth Floor,
Woking,
Surrey, GU21 6EB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TTG Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK TTGP.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB 7TT Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
5,067
TT Electronics employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:37
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/04/03
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.