NasdaqGS:TTMI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Very undervalued 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


Market Performance


7 Day Return

7.9%

NasdaqGS:TTMI

4.5%

US Electronic

2.1%

US Market


1 Year Return

-40.9%

NasdaqGS:TTMI

-5.4%

US Electronic

-0.04%

US Market

TTMI underperformed the Electronic industry which returned -6.3% over the past year.

TTMI underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

TTMIIndustryMarket
7 Day7.9%4.5%2.1%
30 Day8.5%-4.9%-3.2%
90 Day14.2%4.1%2.8%
1 Year-40.9%-40.9%-4.5%-5.4%2.2%-0.04%
3 Year0.3%0.3%46.9%42.8%41.5%32.3%
5 Year43.2%43.2%53.9%46.4%55.0%37.8%

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 based on future cash flows and its price relative to the stock market?

41%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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, and at a substantial discount (> 40%).


Price Based on Earnings

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

TTM Technologies is good value based on expected growth next year.


Price Based on Value of Assets

TTM Technologies is good value based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

How is TTM Technologies expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

33.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

TTM Technologies's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).

TTM Technologies's earnings are expected to grow significantly at over 20% yearly.

TTM Technologies's revenue growth is positive but not above the United States of America market average.

TTM Technologies's earnings growth is expected to exceed the United States of America market average.

TTM Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

TTM Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has TTM Technologies performed over the past 5 years?

54.4%

Historical annual earnings growth


Earnings and Revenue History


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 negative, it can't be compared to the 5-year average.

TTM Technologies's 1-year earnings growth is negative, it can't be compared to the US Electronic industry average.


Return on Equity

TTM Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

TTM Technologies used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

TTM Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is TTM Technologies's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

TTM Technologies's level of debt (120.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (78.7% vs 120.6% today).

Debt is well covered by operating cash flow (23.9%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

What is the CEO of TTM Technologies's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Tom Edman (57yo)

5.6yrs

Tenure

US$2,035,978

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

Tom's remuneration is about average for companies of similar size in United States of America.

Tom's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

58yo

Average Age

The tenure for the TTM Technologies management team is about average.


Board Age and Tenure

9.2yrs

Average Tenure

64yo

Average Age

The tenure for the TTM Technologies board of directors is about average.


Insider Trading

TTM Technologies individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$315,73821 Aug 19
Tai Chung
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Asia Pacific Business Development
Shares29,839
Max PriceUS$10.58
SellUS$20,00114 Aug 19
William Hardwick
EntityIndividual
Role
Head of Sales
Senior Vice President of Global Sales & E-MS
Shares1,878
Max PriceUS$10.65
BuyUS$57,80021 Nov 18
Philip Franklin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,905
Max PriceUS$11.78
BuyUS$59,91116 Nov 18
Philip Franklin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,095
Max PriceUS$11.76

Ownership Breakdown


Management Team

  • Tom Edman (57yo)

    President

    • Tenure: 5.6yrs
    • Compensation: US$2.04m
  • O. Swain (55yo)

    Senior Vice President of Marketing

    • Tenure: 0.0yrs
    • Compensation: US$578.87k
  • Canice Chung (63yo)

    Executive Vice President of Asia Pacific Business Development

    • Tenure: 7.3yrs
    • Compensation: US$2.02m
  • Todd Schull (60yo)

    Executive VP

    • Tenure: 6.4yrs
    • Compensation: US$1.19m
  • Dan Weber (47yo)

    Senior VP

    • Tenure: 3.5yrs
    • Compensation: US$943.03k
  • Brian Barber (63yo)

    Executive VP & COO

    • Tenure: 3.6yrs
    • Compensation: US$1.39m
  • Doug Soder (58yo)

    Executive VP & President of Commercial Sector

    • Tenure: 1.6yrs
    • Compensation: US$1.88m
  • Shawn Powers

    Senior Vice President of Human Resources

    • Tenure: 0.0yrs
  • William Hardwick

    Senior Vice President of Global Sales & E-MS

    • Tenure: 3.5yrs
  • Sameer Desai

    Senior Director of Corporate Development & Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Kent Alder (69yo)

    Director

    • Tenure: 20.4yrs
    • Compensation: US$191.10k
  • Rob Klatell (73yo)

    Chairman of the Board

    • Tenure: 14.3yrs
    • Compensation: US$309.79k
  • Phil Franklin (67yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$220.60k
  • Tom Edman (57yo)

    President

    • Tenure: 5.6yrs
    • Compensation: US$2.04m
  • Julie England (61yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$204.10k
  • John Mayer (68yo)

    Independent Director

    • Tenure: 18.9yrs
    • Compensation: US$205.60k
  • Dov Zakheim (70yo)

    Independent Director

    • Tenure: 9.1yrs
    • Compensation: US$210.10k
  • Rex Geveden (57yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$357.56k
  • Tom Tang (58yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$174.60k
  • Chantel Lenard (49yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$231.87k

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$1.129b
  • Shares outstanding: 105.49m
  • 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 Analysis2019/08/22 23:44
End of Day Share Price2019/08/22 00:00
Earnings2019/07/01
Annual Earnings2018/12/31


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.