TT Electronics plc

LSE:TTG Stock Report

Market Cap: UK£189.7m

TT Electronics Valuation

Is TTG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TTG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TTG (£1.07) is trading below our estimate of fair value (£1.95)

Significantly Below Fair Value: TTG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TTG?

Key metric: As TTG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TTG. This is calculated by dividing TTG's market cap by their current revenue.
What is TTG's PS Ratio?
PS Ratio0.3x
SalesUK£579.20m
Market CapUK£189.70m

Price to Sales Ratio vs Peers

How does TTG's PS Ratio compare to its peers?

The above table shows the PS ratio for TTG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
KETL Strix Group
0.9x-1.0%UK£134.7m
SOLI Solid State
0.4x-11.3%UK£72.7m
ZYT Zytronic
0.8xn/aUK£5.4m
CPX CAP-XX
1.8x20.1%UK£3.9m
TTG TT Electronics
0.3x-0.08%UK£189.7m

Price-To-Sales vs Peers: TTG is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does TTG's PS Ratio compare vs other companies in the GB Electronic Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
MIDW Midwich Group
0.2x3.2%US$362.33m
NAR Northamber
0.1xn/aUS$10.08m
HDT Holders Technology
0.2xn/aUS$2.71m
OTAQ OTAQ
0.2xn/aUS$1.22m
TTG 0.3xIndustry Avg. 1.5xNo. of Companies7PS012345+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TTG is good value based on its Price-To-Sales Ratio (0.3x) compared to the UK Electronic industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is TTG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TTG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: TTG is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TTG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.07
UK£1.53
+43.0%
15.7%UK£1.90UK£1.20n/a5
Nov ’25UK£0.79
UK£1.54
+95.1%
23.3%UK£2.00UK£1.00n/a8
Oct ’25UK£0.98
UK£1.54
+56.3%
23.3%UK£2.00UK£1.00n/a8
Sep ’25UK£1.61
UK£2.44
+51.8%
13.8%UK£2.75UK£1.60n/a9
Aug ’25UK£1.44
UK£2.46
+71.1%
13.7%UK£2.75UK£1.60n/a9
Jul ’25UK£1.48
UK£2.46
+66.3%
13.1%UK£2.75UK£1.65n/a9
Jun ’25UK£1.50
UK£2.46
+64.1%
13.1%UK£2.75UK£1.65n/a9
May ’25UK£1.79
UK£2.47
+38.1%
13.4%UK£2.80UK£1.65n/a9
Apr ’25UK£1.59
UK£2.39
+50.5%
12.9%UK£2.70UK£1.65n/a8
Mar ’25UK£1.35
UK£2.43
+79.4%
12.7%UK£2.70UK£1.65n/a8
Feb ’25UK£1.45
UK£2.43
+67.5%
12.7%UK£2.70UK£1.65n/a8
Jan ’25UK£1.56
UK£2.44
+56.0%
11.4%UK£2.70UK£1.75n/a8
Dec ’24UK£1.54
UK£2.44
+58.3%
11.4%UK£2.70UK£1.75n/a8
Nov ’24UK£1.52
UK£2.52
+65.9%
12.7%UK£2.85UK£1.75UK£0.798
Oct ’24UK£1.70
UK£2.54
+49.6%
13.1%UK£2.85UK£1.75UK£0.988
Sep ’24UK£1.72
UK£2.54
+47.9%
13.1%UK£2.85UK£1.75UK£1.618
Aug ’24UK£1.55
UK£2.53
+63.3%
13.0%UK£2.85UK£1.80UK£1.448
Jul ’24UK£1.58
UK£2.51
+59.4%
12.5%UK£2.80UK£1.80UK£1.488
Jun ’24UK£1.63
UK£2.51
+54.3%
12.5%UK£2.80UK£1.80UK£1.508
May ’24UK£1.70
UK£2.51
+47.8%
12.5%UK£2.80UK£1.80UK£1.798
Apr ’24UK£1.87
UK£2.51
+34.2%
12.5%UK£2.80UK£1.80UK£1.598
Mar ’24UK£1.98
UK£2.50
+26.3%
12.3%UK£2.80UK£1.80UK£1.358
Feb ’24UK£1.86
UK£2.53
+35.6%
12.8%UK£2.80UK£1.80UK£1.458
Jan ’24UK£1.74
UK£2.48
+42.2%
13.9%UK£2.80UK£1.70UK£1.568
Dec ’23UK£1.74
UK£2.46
+41.5%
14.2%UK£2.80UK£1.70UK£1.548
Nov ’23UK£1.31
UK£2.56
+94.8%
17.9%UK£3.25UK£1.65UK£1.528

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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