NasdaqGS:TTMI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

TTMI

2.4%

US Electronic

2.6%

US Market


1 Year Return

15.4%

TTMI

12.7%

US Electronic

15.4%

US Market

Return vs Industry: TTMI exceeded the US Electronic industry which returned 14.4% over the past year.

Return vs Market: TTMI matched the US Market which returned 16.2% over the past year.


Shareholder returns

TTMIIndustryMarket
7 Day-0.7%2.4%2.6%
30 Day2.7%9.6%6.1%
90 Day9.4%17.1%16.6%
1 Year15.4%15.4%13.9%12.7%17.8%15.4%
3 Year-8.5%-8.5%28.1%24.5%43.9%34.7%
5 Year61.7%61.7%79.7%71.5%76.2%57.3%

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?

45.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TTMI ($12.34) is trading above our estimate of fair value ($9.59)

Significantly Below Fair Value: TTMI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TTMI is poor value based on its PE Ratio (45.5x) compared to the US Electronic industry average (22.4x).

PE vs Market: TTMI is poor value based on its PE Ratio (45.5x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: TTMI is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: TTMI is good value based on its PB Ratio (0.9x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is TTM Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

64.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTMI's forecast earnings growth (64.8% per year) is above the savings rate (2.2%).

Earnings vs Market: TTMI's earnings (64.8% per year) are forecast to grow faster than the US market (22.6% per year).

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

Revenue vs Market: TTMI's revenue is expected to decline over the next 3 years (-3.3% per year).

High Growth Revenue: TTMI's revenue is forecast to decline over the next 3 years (-3.3% 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 (7.6%).


Next Steps

Past Performance

How has TTM Technologies performed over the past 5 years?

29.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTMI has a large one-off loss of $26.4M impacting its June 29 2020 financial results.

Growing Profit Margin: TTMI's current net profit margins (1.1%) are lower than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: TTMI has become profitable over the past 5 years, growing earnings by 29.5% per year.

Accelerating Growth: TTMI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TTMI had negative earnings growth (-68.1%) over the past year, making it difficult to compare to the Electronic industry average (-9.6%).


Return on Equity

High ROE: TTMI's Return on Equity (2%) is considered low.


Next Steps

Financial Health

How is TTM Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TTMI's short term assets ($1.9B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: TTMI's short term assets ($1.9B) exceed its long term liabilities ($951.6M).


Debt to Equity History and Analysis

Debt Level: TTMI's debt to equity ratio (101%) is considered high.

Reducing Debt: TTMI's debt to equity ratio has reduced from 142.6% to 101% over the past 5 years.

Debt Coverage: TTMI's debt is well covered by operating cash flow (20.7%).

Interest Coverage: TTMI's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

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?

4.5yrs

Average management tenure


CEO

Tom Edman (58 yo)

6.58yrs

Tenure

US$1,956,142

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 ($USD1.96M) is below average for companies of similar size in the US market ($USD4.62M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Edman
President6.58yrsUS$1.96m0.47%
$ 6.1m
Todd Schull
Executive VP7.42yrsUS$1.14m0.17%
$ 2.2m
Philip Titterton
Executive VP & COO0.58yrUS$995.91k0.0055%
$ 72.7k
Douglas Soder
Executive VP & President of Commercial Sector2.58yrsUS$1.83m0.15%
$ 2.0m
Brian Barber
Executive Vice President of Operations Special Projectsno dataUS$1.41m0.12%
$ 1.5m
Sameer Desai
Senior Director of Corporate Development & Investor Relationsno datano datano data
Daniel Weber
Senior VP4.5yrsUS$943.03k0.010%
$ 138.0k
O. Swain
Senior Vice President of Marketingno dataUS$578.87kno data
William Hardwick
Senior Vice President of Global Sales & E-MS4.5yrsno data0.054%
$ 711.7k
Shawn Powers
Senior Vice President of Human Resourcesno datano datano data
Tai Chung
Executive Vice President of Asia Pacific Business Development8.33yrsUS$2.02m0.039%
$ 509.4k
Dale Knecht
Senior Vice President of Global Information Technologyno datano datano data

4.5yrs

Average Tenure

58.5yo

Average Age

Experienced Management: TTMI's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Edman
President6.58yrsUS$1.96m0.47%
$ 6.1m
Kenton Alder
Independent Director21.42yrsUS$197.43k0.038%
$ 496.7k
Robert Klatell
Independent Chairman of the Board15.25yrsUS$340.26k0.0061%
$ 80.5k
Philip Franklin
Independent Director9.75yrsUS$228.43k0.0094%
$ 123.8k
Julie England
Independent Director3.83yrsUS$215.43kno data
John Mayer
Independent Director19.92yrsUS$218.43k0.0086%
$ 113.5k
Dov Zakheim
Independent Director10.08yrsUS$219.43k0.094%
$ 1.2m
Rex Geveden
Independent Director2.25yrsUS$206.43kno data
Chantel Lenard
Independent Director1.75yrsUS$206.43kno data

10.1yrs

Average Tenure

68yo

Average Age

Experienced Board: TTMI's board of directors are seasoned and experienced ( 10.1 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.


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$1.315b
  • Shares outstanding: 106.24m
  • Website: https://www.ttm.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTMINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 2000
TT1DB (Deutsche Boerse AG)YesCommon StockDEEURSep 2000

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 23:33
End of Day Share Price2020/08/05 00:00
Earnings2020/06/29
Annual Earnings2019/12/30


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.