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TTG

TT ElectronicsLSE:TTG Stock Report

Market Cap

UK£393.3m

7D

-11.8%

1Y

9.2%

Updated

29 Nov, 2021

Data

Company Financials +
TTG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends3/6

TTG Stock Overview

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, and aerospace and defense markets worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for TT Electronics
Historical stock prices
Current Share PriceUK£2.25
52 Week HighUK£2.97
52 Week LowUK£1.95
Beta0.81
1 Month Change-11.77%
3 Month Change-20.50%
1 Year Change9.22%
3 Year Change6.13%
5 Year Change60.71%
Change since IPO98.53%

Recent News & Updates

Aug 08
Analysts Have Made A Financial Statement On TT Electronics plc's (LON:TTG) Half-Year Report

Analysts Have Made A Financial Statement On TT Electronics plc's (LON:TTG) Half-Year Report

It's been a good week for TT Electronics plc ( LON:TTG ) shareholders, because the company has just released its latest...

Apr 07
Does TT Electronics (LON:TTG) Have A Healthy Balance Sheet?

Does TT Electronics (LON:TTG) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

TTGGB ElectronicGB Market
7D-11.8%-7.0%-3.0%
1Y9.2%19.6%11.6%

Return vs Industry: TTG underperformed the UK Electronic industry which returned 19.6% over the past year.

Return vs Market: TTG underperformed the UK Market which returned 11.6% over the past year.

Price Volatility

Is TTG's price volatile compared to industry and market?
TTG volatility
TTG Average Weekly Movement4.8%
Electronic Industry Average Movement5.5%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: TTG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TTG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19064,740Richard Tysonhttps://www.ttelectronics.com

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, and aerospace and defense markets worldwide. The company operates in three divisions: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. The Power and Connectivity division designs and manufactures power application products and connectivity devices, which enable the capture and wireless transfer of data.

TT Electronics Fundamentals Summary

How do TT Electronics's earnings and revenue compare to its market cap?
TTG fundamental statistics
Market CapUK£393.32m
Earnings (TTM)UK£10.10m
Revenue (TTM)UK£457.40m

38.9x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TTG income statement (TTM)
RevenueUK£457.40m
Cost of RevenueUK£349.50m
Gross ProfitUK£107.90m
ExpensesUK£97.80m
EarningsUK£10.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.058
Gross Margin23.59%
Net Profit Margin2.21%
Debt/Equity Ratio59.7%

How did TTG perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

111%

Payout Ratio

Valuation

Is TT Electronics undervalued compared to its fair value and its price relative to the market?

39.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TTG (£2.25) is trading below our estimate of fair value (£3.74)

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


Price To Earnings Ratio

PE vs Industry: TTG is poor value based on its PE Ratio (38.9x) compared to the UK Electronic industry average (30.8x).

PE vs Market: TTG is poor value based on its PE Ratio (38.9x) compared to the UK market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: TTG is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: TTG is good value based on its PB Ratio (1.3x) compared to the GB Electronic industry average (2.9x).


Future Growth

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

34.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTG's forecast earnings growth (34.7% per year) is above the savings rate (0.9%).

Earnings vs Market: TTG's earnings (34.7% per year) are forecast to grow faster than the UK market (12.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TTG's revenue (4.7% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: TTG's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TTG's Return on Equity is forecast to be low in 3 years time (11%).


Past Performance

How has TT Electronics performed over the past 5 years?

-15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTG has high quality earnings.

Growing Profit Margin: TTG's current net profit margins (2.2%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: TTG's earnings have declined by 15% per year over the past 5 years.

Accelerating Growth: TTG's earnings growth over the past year (146.3%) exceeds its 5-year average (-15% per year).

Earnings vs Industry: TTG earnings growth over the past year (146.3%) exceeded the Electronic industry 20.3%.


Return on Equity

High ROE: TTG's Return on Equity (3.2%) is considered low.


Financial Health

How is TT Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: TTG's short term assets (£297.2M) exceed its short term liabilities (£148.0M).

Long Term Liabilities: TTG's short term assets (£297.2M) exceed its long term liabilities (£190.4M).


Debt to Equity History and Analysis

Debt Level: TTG's net debt to equity ratio (27.6%) is considered satisfactory.

Reducing Debt: TTG's debt to equity ratio has increased from 52.5% to 59.7% over the past 5 years.

Debt Coverage: TTG's debt is not well covered by operating cash flow (10.9%).

Interest Coverage: TTG's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Dividend

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

1.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TTG's dividend (1.6%) is higher than the bottom 25% of dividend payers in the UK market (1.38%).

High Dividend: TTG's dividend (1.6%) is low compared to the top 25% of dividend payers in the UK market (4.15%).


Stability and Growth of Payments

Stable Dividend: TTG's dividend payments have been volatile in the past 10 years.

Growing Dividend: TTG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (110.8%), TTG's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TTG's dividends in 3 years are forecast to be well covered by earnings (33.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Richard Tyson (50 yo)

7.33yrs

Tenure

UK£1,003,000

Compensation

Mr. Richard Tyson, BSc (Hons), DipM, FRAes, has been Independent Non-Executive Director at The Vitec Group plc since April 02, 2018. He had been the Group Chief Executive Officer at TT Electronics plc sinc...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD1.33M) is above average for companies of similar size in the UK market ($USD780.73K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TTG's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: TTG's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TT Electronics plc's employee growth, exchange listings and data sources


Key Information

  • Name: TT Electronics plc
  • Ticker: TTG
  • Exchange: LSE
  • Founded: 1906
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: UK£393.319m
  • Shares outstanding: 174.81m
  • Website: https://www.ttelectronics.com

Number of Employees


Location

  • TT Electronics plc
  • St Andrews House
  • Fourth Floor
  • Woking
  • Surrey
  • GU21 6EB
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 19:14
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.