TTM Technologies
TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. The last earnings update was 14 days ago. More info.
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- TTM Technologies has significant price volatility in the past 3 months.
TTMI Share Price and Events
7 Day Returns
1 Year Returns
TTMI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| TTM Technologies (TTMI) | 2.6% | 12.2% | 2.6% | -22.1% | 92.9% | 47.8% |
| US Electronic | 3.9% | 10% | 14% | 1.6% | 68.6% | 62.6% |
| US Market | 2.3% | 4.2% | 5.6% | 0.9% | 43.6% | 40.9% |
1 Year Return vs Industry and Market
- TTMI underperformed the Electronic industry which returned 1.6% over the past year.
- TTMI underperformed the Market in United States of America which returned 0.9% over the past year.
TTMI Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for TTM Technologies.
| 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 | 17.3% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.058 (1 + (1- 21%) (118.48%)) |
2.049 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 7.27%) |
17.27% |
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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 130.93 | 207.58 | 244.28 | 285.80 | 331.53 |
| Source | Analyst x2 | Analyst x2 | Est @ 17.68% | Est @ 17%, capped from 17.68% | Est @ 16%, capped from 17.68% |
|
Present Value Discounted (@ 17.27%) |
111.65 | 150.94 | 151.47 | 151.12 | 149.48 |
| Present value of next 5 years cash flows | $714.66 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $331.53 × (1 + 2.73%) ÷ (17.27% – 2.73%) |
$2,342.39 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $2,342.39 ÷ (1 + 17.27%)5 |
$1,056.15 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $714.66 + $1,056.15 |
$1,770.81 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,770.81 / 103.68 |
$17.08 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $17.08 |
| Current discount | Discount to share price of
$12.15
= -1 x ($12.15 - $17.08) / $17.08 |
28.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- 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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.68 |
| NasdaqGS:TTMI Share Price ** | NasdaqGS (2019-02-19) in USD | $12.15 |
| United States of America Electronic Industry PE Ratio | Median Figure of 89 Publicly-Listed Electronic Companies | 20x |
| United States of America Market PE Ratio | Median Figure of 3,044 Publicly-Listed Companies | 17.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of TTM Technologies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:TTMI Share Price ÷ EPS (both in USD) = 12.15 ÷ 1.68 |
7.23x |
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?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.23x |
| 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 59 Publicly-Listed Electronic Companies | 1.37x |
| United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.41x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.23x ÷ -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?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $11.83 |
| NasdaqGS:TTMI Share Price * | NasdaqGS (2019-02-19) in USD | $12.15 |
| United States of America Electronic Industry PB Ratio | Median Figure of 150 Publicly-Listed Electronic Companies | 2.13x |
| United States of America Market PB Ratio | Median Figure of 5,132 Publicly-Listed Companies | 1.85x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:TTMI Share Price ÷ Book Value per Share (both in USD) = 12.15 ÷ 11.83 |
1.03x |
* 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.
Value checks
We assess TTM Technologies's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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 | 17.8% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3,149 | 1 | ||
| 2020-12-31 | 3,027 | 348 | 101 | 6 |
| 2019-12-31 | 2,868 | 248 | 63 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,847 | 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.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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 |
| 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.
Future performance checks
We assess TTM Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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 40.4%).
Earnings and Revenue History
All data from TTM Technologies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,847.26 | 173.58 | 232.75 | |
| 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 improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess TTM Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from TTM Technologies Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,227.09 | 1,492.43 | 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 (121.6%) 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 121.6% today).
- Debt is not well covered by operating cash flow (18.4%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
Financial health checks
We assess TTM Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) TTM Technologies has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
TTM Technologies
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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 2000 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.
| 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.
Income/ dividend checks
We assess TTM Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| COMPENSATION | $2,615,703 |
| AGE | 56 |
| TENURE AS CEO | 5.1 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:
- The tenure for the TTM Technologies management team is about average.
Management Team
Tom Edman
President
$3M
56
5.1 yrs
Todd Schull
Executive VP
$1M
59
5.9 yrs
Brian Barber
COO & Executive VP
$2M
62
3.1 yrs
Doug Soder
Executive VP & President of Commercial Sector
$2M
57
1.1 yrs
Canice Chung
Executive Vice President of Asia Pacific Business Development
$2M
62
6.8 yrs
Sameer Desai
Senior Director of Corporate Development & Investor Relations
Dan Weber
Senior VP
3 yrs
O. Swain
Senior Vice President of Marketing
$579K
54
William Hardwick
Senior Vice President of Global Sales & E-MS
3 yrs
Shawn Powers
Senior Vice President of Human Resources
Board of Directors Tenure
Average tenure and age of the TTM Technologies board of directors in years:
- The tenure for the TTM Technologies board of directors is about average.
Board of Directors
Rob Klatell
Chairman of the Board
$291K
72
13.8 yrs
Tom Edman
President
$3M
56
14.4 yrs
John Mayer
Independent Director
$194K
67
18.4 yrs
Phil Franklin
Independent Director
$212K
66
8.3 yrs
Kent Alder
Director
$184K
68
19.9 yrs
Dov Zakheim
Independent Director
$200K
69
8.6 yrs
Tom Tang
Director
57
8.8 yrs
Julie England
Independent Director
$190K
60
2.3 yrs
Rex Geveden
Director
56
0.8 yrs
Chantel Lenard
Independent Director
0.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by TTM Technologies insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
| 02. Mar 18 | Sell | Tai Chung | Individual | 28. Feb 18 | 01. Mar 18 | -105,324 | $16.24 | $-1,701,293 | ||
| 23. Feb 18 | Sell | William Hardwick | Individual | 22. Feb 18 | 22. Feb 18 | -2,000 | $15.66 | $-31,325 | ||
Management checks
We assess TTM Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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
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 - – Full articleHow 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 - – Full articleShould 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 - – Full articleShareholders 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 - – Full articleAn 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 - – Full articleBoasting 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 - – Full articleHere'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 - – Full articleWhat 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 - – Full articleWhat Should You Know About TTM Technologies Inc's (NASDAQ:TTMI) Return On Capital?
and want a simplistic look at the return on TTM Technologies Inc (NASDAQ:TTMI) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in TTM Technologies, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleWhat’s Ahead For TTM Technologies Inc (NASDAQ:TTMI)?
tech hardware … Whether it’s the next big thing in tech such as artificial intelligence and robotics, or an alliance with a partner in another industry, for example healthcare or manufacturing, tech companies have plenty of opportunities for their companies to thrive … Tech analysts are forecasting for the entire hardware tech industry,
Simply Wall St - – Full articleTTMI Company Info
Map
Description
TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates. It also produces test specialized circuits that are used in radio-frequency or microwave emission and collection applications; 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 |
| $1,259,679,061 | |
| 103,677,289 | |
| 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
Industry
| Electronic Manufacturing Services | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/20 05:01 |
| End of day share price update: | 2019/02/19 00:00 |
| Last estimates confirmation: | 2019/02/08 |
| Last earnings filing: | 2019/02/06 |
| 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.
