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TTM Technologies

Nasdaq:TTMI
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTMI
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. The last earnings update was 21 days ago. More info.


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TTMI Share Price and Events
7 Day Returns
-0.8%
NasdaqGS:TTMI
0.7%
US Electronic
1.6%
US Market
1 Year Returns
-28.7%
NasdaqGS:TTMI
0%
US Electronic
3.2%
US Market
TTMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TTM Technologies (TTMI) -0.8% -2.3% 26.3% -28.7% 82.5% 46.8%
US Electronic 0.7% 0.9% 18.9% 0% 58.7% 59.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • TTMI underperformed the Electronic industry which returned 0% over the past year.
  • TTMI underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
TTMI
Industry
5yr Volatility vs Market
Related Companies

TTMI Value

 Is TTM Technologies 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 TTM Technologies 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    Our intrinsic value calculation method has changed recently, learn more here.

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

NasdaqGS:TTMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:TTMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (120.94%))
1.733
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.73
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.733 * 5.96%)
13.06%

Discounted Cash Flow Calculation for NasdaqGS:TTMI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TTM Technologies 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.

NasdaqGS:TTMI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.06%)
2019 130.93 Analyst x2 115.80
2020 207.58 Analyst x2 162.40
2021 209.68 Est @ 1.01% 145.09
2022 212.88 Est @ 1.53% 130.29
2023 216.89 Est @ 1.89% 117.41
2024 221.53 Est @ 2.14% 106.07
2025 226.66 Est @ 2.32% 95.99
2026 232.20 Est @ 2.44% 86.98
2027 238.07 Est @ 2.53% 78.87
2028 244.23 Est @ 2.59% 71.57
Present value of next 10 years cash flows $1,110.47
NasdaqGS:TTMI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $244.23 × (1 + 2.73%) ÷ (13.06% – 2.73%)
$2,428.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,428.92 ÷ (1 + 13.06%)10
$711.78
NasdaqGS:TTMI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,110.47 + $711.78
$1,822.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,822.24 / 104.38
$17.46
NasdaqGS:TTMI Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.46
Current discount Discount to share price of $11.86
= -1 x ($11.86 - $17.46) / $17.46
32.1%

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

Current Discount
Amount off the current price TTM Technologies is available for.
Intrinsic value
32%
Share price is $11.86 vs Future cash flow value of $17.46
Current Discount Checks
For TTM Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TTM Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TTM Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 TTM Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TTM Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TTMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.68
NasdaqGS:TTMI Share Price ** NasdaqGS (2019-03-19) in USD $11.86
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.48x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

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

** Primary Listing of TTM Technologies.

NasdaqGS:TTMI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TTMI Share Price ÷ EPS (both in USD)

= 11.86 ÷ 1.68

7.06x

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

  • TTM Technologies is good value based on earnings compared to the US Electronic industry average.
  • TTM Technologies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does TTM Technologies's expected growth come at a high price?
Raw Data
NasdaqGS:TTMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-32.4%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.55x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NasdaqGS:TTMI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.06x ÷ -32.4%

-0.22x

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

  • TTM Technologies earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TTM Technologies's assets?
Raw Data
NasdaqGS:TTMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $11.83
NasdaqGS:TTMI Share Price * NasdaqGS (2019-03-19) in USD $11.86
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGS:TTMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TTMI Share Price ÷ Book Value per Share (both in USD)

= 11.86 ÷ 11.83

1x

* Primary Listing of TTM Technologies.

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

  • TTM Technologies is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess TTM Technologies'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. TTM Technologies has a total score of 4/6, 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.

TTMI Future Performance

 How is TTM Technologies expected to perform in the next 1 to 3 years based on estimates from 6 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
-32.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TTM Technologies expected to grow at an attractive rate?
  • TTM Technologies's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TTM Technologies's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • TTM Technologies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TTMI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TTMI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -32.4%
NasdaqGS:TTMI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.3%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGS:TTMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TTMI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,149 1
2020-12-31 3,027 358 101 6
2019-12-31 2,868 263 63 6
NasdaqGS:TTMI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,847 273 174
2018-10-01 2,876 274 170
2018-07-02 2,787 265 165
2018-04-02 2,697 269 101
2018-01-01 2,659 333 124
2017-10-02 2,626 278 73
2017-07-03 2,601 309 77
2017-04-03 2,575 330 75
2017-01-02 2,533 298 35
2016-09-26 2,496 341 46
2016-06-27 2,506 253 19
2016-03-28 2,350 188 -37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TTM Technologies's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • TTM Technologies's revenue is expected to grow by 3.3% 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
NasdaqGS:TTMI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from TTM Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TTMI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.80 1.07 0.53 2.00
2019-12-31 0.53 0.72 0.34 2.00
NasdaqGS:TTMI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.68
2018-10-01 1.66
2018-07-02 1.61
2018-04-02 0.99
2018-01-01 1.22
2017-10-02 0.72
2017-07-03 0.76
2017-04-03 0.75
2017-01-02 0.35
2016-09-26 0.46
2016-06-27 0.19
2016-03-28 -0.38

*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.
  • TTM Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TTM Technologies'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
TTM Technologies has a total score of 0/6, 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.

TTMI Past Performance

  How has TTM Technologies 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 TTM Technologies'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.
  • TTM Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • TTM Technologies's 1-year earnings growth is less than its 5-year average (40.4% vs 58.5%)
  • TTM Technologies's earnings growth has not exceeded the US Electronic industry average in the past year (40.4% vs 48.8%).
Earnings and Revenue History
TTM Technologies'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 TTM Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TTMI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,847.26 173.58 219.47
2018-10-01 2,875.66 170.31 216.48
2018-07-02 2,786.63 164.77 205.20
2018-04-02 2,696.93 101.35 192.01
2018-01-01 2,658.59 124.21 189.73
2017-10-02 2,625.78 73.00 192.44
2017-07-03 2,600.68 77.13 196.88
2017-04-03 2,575.35 75.08 204.95
2017-01-02 2,533.36 34.86 211.93
2016-09-26 2,495.70 46.39 215.85
2016-06-27 2,505.98 18.57 219.66
2016-03-28 2,349.58 -36.59 208.41
2015-12-28 2,095.49 -25.88 190.58
2015-09-28 1,817.53 -21.47 168.12
2015-06-29 1,510.80 -11.57 146.20
2015-03-30 1,362.99 21.94 135.81
2014-12-29 1,325.72 14.69 131.94
2014-09-29 1,300.92 12.05 134.79
2014-06-30 1,294.33 -3.32 134.76
2014-03-31 1,334.72 12.93 139.14
2013-12-30 1,368.22 21.88 143.07
2013-09-30 1,383.84 24.32 142.88
2013-07-01 1,384.16 -176.31 142.19
2013-04-01 1,373.56 -182.04 138.95
2012-12-31 1,348.67 -174.60 133.96
2012-09-24 1,328.39 -177.17 129.73
2012-06-25 1,347.64 55.65 127.27
2012-03-26 1,386.34 27.34 128.25

*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.
  • TTM Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TTM Technologies used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • TTM Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TTM Technologies'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.
TTM Technologies has a total score of 3/6, 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.

TTMI Health

 How is TTM Technologies'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 TTM Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TTM Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TTM Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of TTM Technologies'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 not covered by short term assets, assets are 0.8x 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 TTM Technologies Company Filings, last reported 2 months ago.

NasdaqGS:TTMI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,227.09 1,497.16 256.36
2018-10-01 1,174.91 1,558.32 208.93
2018-07-02 1,141.29 1,597.57 204.10
2018-04-02 1,054.33 982.03 352.58
2018-01-01 1,011.38 980.06 409.33
2017-10-02 952.55 978.35 301.93
2017-07-03 910.59 974.52 246.95
2017-04-03 872.68 1,022.05 282.87
2017-01-02 829.13 1,019.68 256.28
2016-09-26 853.12 1,081.85 291.78
2016-06-27 829.72 1,077.57 216.15
2016-03-28 817.93 1,102.22 183.68
2015-12-28 826.67 1,170.79 259.10
2015-09-28 826.03 1,201.10 144.65
2015-06-29 840.26 1,197.92 148.95
2015-03-30 720.20 456.79 282.97
2014-12-29 715.46 502.69 279.04
2014-09-29 709.91 500.52 248.71
2014-06-30 692.45 546.49 282.04
2014-03-31 694.34 544.40 317.99
2013-12-30 705.30 573.74 330.55
2013-09-30 664.83 532.69 270.53
2013-07-01 665.89 530.94 230.50
2013-04-01 762.93 559.37 284.09
2012-12-31 752.83 558.17 285.43
2012-09-24 731.15 568.27 281.30
2012-06-25 934.25 529.44 248.94
2012-03-26 939.15 510.97 224.38
  • TTM Technologies's level of debt (122%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (81.3% vs 122% today).
  • Debt is not well covered by operating cash flow (18.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess TTM Technologies'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. TTM Technologies has a total score of 1/6, 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.

TTMI Dividends

 What is TTM Technologies'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
0%
Current annual income from TTM Technologies dividends. Estimated to be 0% next year.
If you bought $2,000 of TTM Technologies shares you are expected to receive $0 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?
  • Unable to evaluate TTM Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TTM Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGS:TTMI 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 6 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGS:TTMI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as TTM Technologies has not reported any payouts.
  • Unable to verify if TTM Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TTM Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TTM Technologies has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of TTM Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess TTM Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 TTM Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TTM Technologies has a total score of 0/6, see the detailed checks below.


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

TTMI Management

 What is the CEO of TTM Technologies'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
Tom Edman
COMPENSATION $2,615,703
AGE 56
TENURE AS CEO 5.2 years
CEO Bio

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 its President since January 7, 2013. Mr. Edman served as President at Viasystems Group, Inc. since May 31, 2015. Mr. Edman served as Group Vice President of Applied Materials, Inc. from June 2006 to December 2012, Vice President of Corporate Business Development from June 2006 to June 2011 and served as its General Manager of Display Business Group from February 2011 to December 2012. He served as a Vice President of Applied Materials, Inc. He served as the Chief Executive Officer and President of Applied Films Corp. from May 1998 to July 2006. He was employed by Applied Films Corp. since June 1996. He served as the General Manager of Emerging Business Group at Applied Materials, Inc. From June 1996 to May 1998, Mr. Edman served as the Chief Operating Officer and Executive Vice President of Applied Films. From 1993 to June 1996, he served as the General Manager of the High Performance Materials Division of Marubeni Specialty Chemicals Inc. He has been a Director at Viasystems Group, Inc. since May 31, 2015. He has been a Director at TTM Technologies Inc. since September 2004 and Ultra Clean Holdings Inc. since June 2015. He served as a Director of Applied Films Corp. since July 1998. He serves on the National Board of Directors of the American Electronics Association, a professional trade organization. He served on the Governing Board of the USDC (United States Display Consortium). Mr. Edman serves on the board of directors of the c, an electronic industry association. Mr. Edman holds a Bachelor of Arts degree in East Asian studies (Japan) from Yale University and a Master’s degree in Business Administration from The Wharton School at the University of Pennsylvania.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year.
  • Tom's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TTM Technologies management team in years:

3.2
Average Tenure
58
Average Age
  • The tenure for the TTM Technologies management team is about average.
Management Team

Tom Edman

TITLE
President
COMPENSATION
$3M
AGE
56
TENURE
5.2 yrs

Todd Schull

TITLE
Executive VP
COMPENSATION
$1M
AGE
59
TENURE
6 yrs

Brian Barber

TITLE
COO & Executive VP
COMPENSATION
$2M
AGE
62
TENURE
3.2 yrs

Doug Soder

TITLE
Executive VP & President of Commercial Sector
COMPENSATION
$2M
AGE
57
TENURE
1.2 yrs

Canice Chung

TITLE
Executive Vice President of Asia Pacific Business Development
COMPENSATION
$2M
AGE
62
TENURE
6.9 yrs

Sameer Desai

TITLE
Senior Director of Corporate Development & Investor Relations

Dan Weber

TITLE
Senior VP
TENURE
3.1 yrs

O. Swain

TITLE
Senior Vice President of Marketing
COMPENSATION
$579K
AGE
54

William Hardwick

TITLE
Senior Vice President of Global Sales & E-MS
TENURE
3.1 yrs

Shawn Powers

TITLE
Senior Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the TTM Technologies board of directors in years:

8.8
Average Tenure
66
Average Age
  • The tenure for the TTM Technologies board of directors is about average.
Board of Directors

Rob Klatell

TITLE
Chairman of the Board
COMPENSATION
$291K
AGE
72
TENURE
13.8 yrs

Tom Edman

TITLE
President
COMPENSATION
$3M
AGE
56
TENURE
14.5 yrs

John Mayer

TITLE
Independent Director
COMPENSATION
$194K
AGE
67
TENURE
18.5 yrs

Phil Franklin

TITLE
Independent Director
COMPENSATION
$212K
AGE
66
TENURE
8.3 yrs

Kent Alder

TITLE
Director
COMPENSATION
$184K
AGE
68
TENURE
20 yrs

Dov Zakheim

TITLE
Independent Director
COMPENSATION
$200K
AGE
69
TENURE
8.7 yrs

Tom Tang

TITLE
Director
AGE
57
TENURE
8.9 yrs

Julie England

TITLE
Independent Director
COMPENSATION
$190K
AGE
60
TENURE
2.4 yrs

Rex Geveden

TITLE
Director
AGE
56
TENURE
0.8 yrs

Chantel Lenard

TITLE
Independent Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Nov 18 Buy Philip Franklin Individual 20. Nov 18 20. Nov 18 4,905 $11.78 $57,800
16. Nov 18 Buy Philip Franklin Individual 15. Nov 18 15. Nov 18 5,095 $11.76 $59,911
07. Aug 18 Sell Tai Chung Individual 06. Aug 18 06. Aug 18 -23,345 $18.90 $-441,206
07. Aug 18 Sell William Hardwick Individual 06. Aug 18 06. Aug 18 -3,115 $18.91 $-58,901
X
Management checks
We assess TTM Technologies'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. TTM Technologies 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.

TTMI News

Simply Wall St News

TTM Technologies, Inc.'s (NASDAQ:TTMI) Most Important Factor To Consider

What is free cash flow. … TTM Technologies’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. … I will be analysing TTM Technologies’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Boasting A 14% Return On Equity, Is TTM Technologies, Inc. (NASDAQ:TTMI) A Top Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows TTM Technologies has a return on equity of 14% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is TTM Technologies, Inc.'s (NASDAQ:TTMI) CEO Pay Fair?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for TTM Technologies … How Does Tom Edman's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Financially Strong Is TTM Technologies, Inc. (NASDAQ:TTMI)?

(NASDAQ:TTMI) with its market cap of US$1.3b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Should You Be Worried About Insider Transactions At TTM Technologies, Inc. (NASDAQ:TTMI)?

So shareholders might well want to know whether insiders have been buying or selling shares in TTM Technologies, Inc. … Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. … TTM Technologies Insider Transactions Over The Last Year.

Simply Wall St -

Shareholders Should Look Hard At TTM Technologies, Inc.’s (NASDAQ:TTMI) 7.2% Return On Capital

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

An Intrinsic Calculation For TTM Technologies, Inc. (NASDAQ:TTMI) Shows It's 47.34% Undervalued

by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Boasting A 15% Return On Equity, Is TTM Technologies Inc (NASDAQ:TTMI) A Top Quality Stock?

TTM Technologies has a ROE of 15%, based on the last twelve months. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.15. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand TTM Technologies Inc (NASDAQ:TTMI)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Did TTM Technologies Inc's (NASDAQ:TTMI) CEO Take Home Last Year?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Tom Edman's Compensation Compare With Similar Sized Companies. … We looked at a group of companies with market capitalizations from US$1.0b to US$3.2b, and the median CEO compensation was US$4m

Simply Wall St -

TTMI Company Info

Description

TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. The company operates through two segments, PCB and E-M Solutions. The company offers a range of PCB products, radio-frequency (RF) components, and electro-mechanical solutions, including conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks. It also produces printed circuits with heavy copper cores, and embedded and press-fit coins; PCBs with electrically passive heat sinks; and PCBs with electrically active thermal cores. In addition, it offers various services, including design for manufacturability, PCB layout design, simulation and testing, and quick turnaround services. The company serves original equipment manufacturers and electronic manufacturing services companies that primarily serve the aerospace and defense, automotive, cellular phone, computing, medical/industrial/instrumentation, and networking/communications end markets of the electronics industry; and the U.S. government. TTM Technologies, Inc. was founded in 1978 and is headquartered in Costa Mesa, California.

Details
Name: TTM Technologies, Inc.
TTMI
Exchange: NasdaqGS
Founded: 1978
$1,237,986,839
104,383,376
Website: http://www.ttm.com
Address: TTM Technologies, Inc.
1665 Scenic Avenue,
Suite 250,
Costa Mesa,
California, 92626,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TTMI Common Stock Nasdaq Global Select US USD 21. Sep 2000
DB TT1 Common Stock Deutsche Boerse AG DE EUR 21. Sep 2000
Number of employees
Current staff
Staff numbers
27,000
TTM Technologies employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:43
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/05
Last earnings filing: 2019/02/26
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.