TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide.
Fair value with moderate growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TTMI exceeded the US Electronic industry which returned -18% over the past year.
Return vs Market: TTMI underperformed the US Market which returned -11.5% over the past year.
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
3 weeks ago | Simply Wall StHave Insiders Sold TTM Technologies, Inc. (NASDAQ:TTMI) Shares Recently?
3 weeks ago | Simply Wall StCalculating The Fair Value Of TTM Technologies, Inc. (NASDAQ:TTMI)
1 month ago | Simply Wall StTTM Technologies, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Is TTM Technologies undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TTMI ($9.88) is trading below our estimate of fair value ($13.18)
Significantly Below Fair Value: TTMI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TTMI is poor value based on its PE Ratio (25.2x) compared to the Electronic industry average (14.5x).
PE vs Market: TTMI is poor value based on its PE Ratio (25.2x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: TTMI is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: TTMI is good value based on its PB Ratio (0.8x) compared to the US Electronic industry average (1.5x).
How is TTM Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TTMI's forecast earnings growth (24.2% per year) is above the savings rate (1.7%).
Earnings vs Market: TTMI's earnings (24.2% per year) are forecast to grow faster than the US market (12.3% 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 (-1.6% per year).
High Growth Revenue: TTMI's revenue is forecast to decline over the next 3 years (-1.6% 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 (8%).
How has TTM Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TTMI has a large one-off loss of $13.4M impacting its December 30 2019 financial results.
Growing Profit Margin: TTMI's current net profit margins (1.5%) are lower than last year (6.1%).
Past Earnings Growth Analysis
Earnings Trend: TTMI's earnings have grown significantly by 41.4% per year over the past 5 years.
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 (-76.2%) over the past year, making it difficult to compare to the Electronic industry average (3.2%).
Return on Equity
High ROE: TTMI's Return on Equity (3.2%) is considered low.
How is TTM Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: TTMI's short term assets ($1.3B) exceed its short term liabilities ($946.7M).
Long Term Liabilities: TTMI's short term assets ($1.3B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: TTMI's debt to equity ratio (116.3%) is considered high.
Reducing Debt: TTMI's debt to equity ratio has increased from 70.1% to 116.3% over the past 5 years.
Debt Coverage: TTMI's debt is well covered by operating cash flow (21%).
Interest Coverage: TTMI's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Inventory Level: TTMI has a high level of physical assets or inventory.
Debt Coverage by Assets: TTMI's debt is not covered by short term assets (assets are 0.9x debt).
What is TTM Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TTMI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TTMI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TTMI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TTMI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TTMI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Edman (57yo)
Mr. Thomas T. Edman, also known as Tom, served as Chief Executive Officer of SmartWorks at Techstep ASA. Mr. Edman has been the Chief Executive Officer of TTM Technologies Inc. since January 1, 2014 and it ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD2.04M) is below average for companies of similar size in the US market ($USD3.12M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|Executive VP||7yrs||US$1.19m||0.16% $1.7m|
|Senior VP||4.08yrs||US$943.03k||0.0069% $71.4k|
|Executive VP & President of Commercial Sector||2.17yrs||US$1.88m||0.14% $1.5m|
|Executive Vice President of Operations Special Projects||no data||US$1.39m||0.11% $1.1m|
|Executive VP & COO||0.17yr||no data||0.0056% $58.1k|
|Senior Director of Corporate Development & Investor Relations||no data||no data||no data|
|Senior Vice President of Marketing||no data||US$578.87k||no data|
|Senior Vice President of Global Sales & E-MS||4.08yrs||no data||0.049% $512.8k|
|Senior Vice President of Human Resources||no data||no data||no data|
Experienced Management: TTMI's management team is considered experienced (4.1 years average tenure).
|Independent Director||21yrs||US$191.10k||0.038% $396.3k|
|Independent Chairman of the Board||14.83yrs||US$309.79k||0.0062% $64.2k|
|Independent Director||9.33yrs||US$220.60k||0.0095% $98.8k|
|Independent Director||3.42yrs||US$204.10k||no data|
|Independent Director||19.5yrs||US$205.60k||0.0087% $90.6k|
|Independent Director||9.67yrs||US$210.10k||no data|
|Independent Director||1.83yrs||US$357.56k||no data|
|Independent Director||1.33yrs||US$231.87k||no data|
Experienced Board: TTMI's board of directors are considered experienced (9.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TTMI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TTM Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: TTM Technologies, Inc.
- Ticker: TTMI
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$1.042b
- Shares outstanding: 105.51m
- Website: https://www.ttm.com
Number of Employees
- TTM Technologies, Inc.
- 200 East Sandpointe
- Suite 400
- Santa Ana
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TTMI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Sep 2000|
|TT1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Sep 2000|
|TT1||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Sep 2000|
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/storage/peripherals, 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 Santa Ana, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 23:58|
|End of Day Share Price||2020/03/27 00:00|
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.