Assessing TTM Technologies (TTMI) Valuation After Strong Recent Share Price Momentum

TTM Technologies (TTMI) has attracted fresh attention after recent share price moves, prompting investors to reassess its role in printed circuit boards and RF components, alongside reported revenue of US$2.91b and net income of US$177.45m.

See our latest analysis for TTM Technologies.

The 1 month share price return of 40.47% and 90 day share price return of 47.75% point to strong recent momentum, while the very large 1 year and 3 year total shareholder returns suggest this move extends a much longer run.

If this surge in returns has you looking beyond a single name, it could be a good moment to see what else is happening in advanced electronics through our 28 robotics and automation stocks.

With TTM Technologies trading at US$98.58 against an analyst price target of US$118.50 and an internal estimate suggesting a sizeable intrinsic discount, you have to ask: is this a genuine mispricing, or is the market already factoring in future growth?

Most Popular Narrative: 4.5% Undervalued

Compared with a fair value estimate of $103.25, TTM Technologies at $98.58 sits slightly below what the most followed narrative assumes is reasonable, framing the recent price run in a different light.

Ongoing expansion into higher-value engineered solutions and advanced manufacturing capabilities, particularly through new capacity in Penang, Syracuse, and product mix shifts, increases pricing power and drives gross margin improvements over time, enhancing net margin profile.

Read the complete narrative.

Curious what kind of revenue mix and margin profile could support that valuation gap, and what future earnings power is baked into those assumptions? The narrative spells out a detailed path for growth, profitability and the future P/E investors would need to accept to line that fair value up with today’s price.

Result: Fair Value of $103.25 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, the story can change quickly if high operating costs at new facilities or customer concentration issues begin to weigh on margins and cash generation.

Find out about the key risks to this TTM Technologies narrative.

Another Angle On Valuation

The earlier view leans on future cash flows, but the current P/E around 57.4x tells a different story. That is above the US Electronic industry at 27.4x, the peer average at 35.6x, and even our fair ratio of 50.6x. This raises a simple question: how much optimism are you really paying for?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own TTM Technologies Narrative

If you look at these numbers and reach a different conclusion or just prefer to run your own checks, you can build a custom view in minutes: Do it your way.

A great starting point for your TTM Technologies research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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