NasdaqGS:TTMI

Stock Analysis Report

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Market Cap

US$1.5b

Last Updated

2021/06/24 03:19 UTC

Data Sources

Company Financials +

Executive Summary

TTM Technologies, Inc., together with its subsidiaries, manufactures and sells printed circuit boards (PCBs) worldwide. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has TTM Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TTMI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: TTMI's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-4.2%

TTMI

-1.2%

US Electronic

0.5%

US Market


1 Year Return

30.0%

TTMI

56.7%

US Electronic

42.6%

US Market

Return vs Industry: TTMI underperformed the US Electronic industry which returned 56.7% over the past year.

Return vs Market: TTMI underperformed the US Market which returned 42.6% over the past year.


Shareholder returns

TTMIIndustryMarket
7 Day-4.2%-1.2%0.5%
30 Day-5.0%-0.3%1.9%
90 Day1.3%4.2%7.9%
1 Year30.0%30.0%59.9%56.7%44.9%42.6%
3 Year-20.4%-20.4%68.5%61.5%64.4%54.1%
5 Year104.0%104.0%175.4%157.6%128.3%102.7%

Long-Term Price Volatility Vs. Market

How volatile is TTM Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TTM Technologies undervalued compared to its fair value and its price relative to the market?

20.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TTMI ($14.36) is trading below our estimate of fair value ($18.03)

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


Price To Earnings Ratio

PE vs Industry: TTMI is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.

PE vs Market: TTMI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TTMI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TTMI is good value based on its PB Ratio (1.1x) compared to the US Electronic industry average (2.9x).


Future Growth

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

56.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTMI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: TTMI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TTMI's is expected to become profitable in the next 3 years.

Revenue vs Market: TTMI's revenue (3.9% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: TTMI's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TTMI's Return on Equity is forecast to be low in 3 years time (8.5%).


Past Performance

How has TTM Technologies performed over the past 5 years?

-10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTMI is currently unprofitable.

Growing Profit Margin: TTMI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TTMI is unprofitable, and losses have increased over the past 5 years at a rate of 10.2% per year.

Accelerating Growth: Unable to compare TTMI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TTMI is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.1%).


Return on Equity

High ROE: TTMI has a negative Return on Equity (-1.13%), as it is currently unprofitable.


Financial Health

How is TTM Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TTMI's short term assets ($1.3B) exceed its short term liabilities ($509.2M).

Long Term Liabilities: TTMI's short term assets ($1.3B) exceed its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: TTMI's debt to equity ratio (65.1%) is considered high.

Reducing Debt: TTMI's debt to equity ratio has reduced from 134.6% to 65.1% over the past 5 years.

Debt Coverage: TTMI's debt is well covered by operating cash flow (32%).

Interest Coverage: TTMI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Dividend

What is TTM Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TTMI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TTMI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TTMI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TTMI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TTMI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Tom Edman (58 yo)

7.42yrs

Tenure

US$2,610,139

Compensation

Mr. Thomas T. Edman, also known as Tom, served as Chief Executive Officer of SmartWorks at Techstep ASA. Mr. Edman has been the Chief Executive Officer of TTM Technologies Inc. since January 1, 2014 and it...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD2.61M) is about average for companies of similar size in the US market ($USD3.69M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: TTMI's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: TTMI's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TTMI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

TTM Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TTM Technologies, Inc.
  • Ticker: TTMI
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: US$1.539b
  • Shares outstanding: 107.19m
  • Website: https://www.ttm.com

Number of Employees


Location

  • TTM Technologies, Inc.
  • 200 East Sandpointe
  • Suite 400
  • Santa Ana
  • California
  • 92707
  • United States

Listings


Biography

TTM Technologies, Inc., together with its subsidiaries, manufactures and sells printed circuit boards (PCBs) worldwide. It operates PCB and RF&S Components segments. The company offers a range of PCB produ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 03:19
End of Day Share Price2021/06/23 00:00
Earnings2021/03/29
Annual Earnings2020/12/28


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.