TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide.
Adequate balance sheet and overvalued.
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.
7 Day Return
1 Year Return
Return vs Industry: TTMI matched the US Electronic industry which returned 14.2% over the past year.
Return vs Market: TTMI underperformed the US Market which returned 16.4% 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
1 week ago | Simply Wall StThe TTM Technologies (NASDAQ:TTMI) Share Price Has Gained 38% And Shareholders Are Hoping For More
3 months ago | Simply Wall StWe Think TTM Technologies (NASDAQ:TTMI) Is Taking Some Risk With Its Debt
3 months ago | Simply Wall StAre TTM Technologies's (NASDAQ:TTMI) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Is TTM Technologies undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TTMI ($12.13) is trading above our estimate of fair value ($8.79)
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 (44.7x) compared to the US Electronic industry average (23.7x).
PE vs Market: TTMI is poor value based on its PE Ratio (44.7x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: TTMI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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 (2.1x).
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 earnings are forecast to decline over the next 3 years (-13.3% per year).
Earnings vs Market: TTMI's earnings are forecast to decline over the next 3 years (-13.3% per year).
High Growth Earnings: TTMI's earnings are forecast to decline 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%).
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 $24.0M impacting its June 29 2020 financial results.
Growing Profit Margin: TTMI's current net profit margins (1.1%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: TTMI has become profitable over the past 5 years, growing earnings by 30% 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 (-71%) 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.
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 ($951.6M).
Debt to Equity History and Analysis
Debt Level: TTMI's debt to equity ratio (103.9%) is considered high.
Reducing Debt: TTMI's debt to equity ratio has reduced from 142.6% to 103.9% over the past 5 years.
Debt Coverage: TTMI's debt is well covered by operating cash flow (22.4%).
Interest Coverage: TTMI's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is TTM Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TTMI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TTMI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TTMI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TTMI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TTMI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Edman (58 yo)
Mr. Thomas T. Edman, also known as Tom, served as Chief Executive Officer of SmartWorks at Techstep ASA. Mr. Edman has been the Chief Executive Officer of TTM Technologies Inc. since January 1, 2014 and it ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD1.96M) is below average for companies of similar size in the US market ($USD4.53M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|Executive VP||7.42yrs||US$1.14m||0.17% |
|Executive VP & COO||0.58yr||US$995.91k||0.0055% |
|Executive VP & President of Commercial Sector||2.58yrs||US$1.83m||0.15% |
|Executive Vice President of Operations Special Projects||no data||US$1.41m||0.12% |
|Senior Director of Corporate Development & Investor Relations||no data||no data||no data|
|Senior VP||4.5yrs||US$943.03k||0.010% |
|Senior Vice President of Marketing||no data||US$578.87k||no data|
|Senior Vice President of Global Sales & E-MS||4.5yrs||no data||0.054% |
|Senior Vice President of Human Resources||no data||no data||no data|
|Executive Vice President of Asia Pacific Business Development||8.33yrs||US$2.02m||0.039% |
|Senior Vice President of Global Information Technology||no data||no data||no data|
Experienced Management: TTMI's management team is considered experienced (4.5 years average tenure).
|Independent Director||21.42yrs||US$197.43k||0.038% |
|Independent Chairman of the Board||15.25yrs||US$340.26k||0.0061% |
|Independent Director||9.75yrs||US$228.43k||0.0094% |
|Independent Director||3.83yrs||US$215.43k||no data|
|Independent Director||19.92yrs||US$218.43k||0.0086% |
|Independent Director||10.08yrs||US$219.43k||0.093% |
|Independent Director||2.25yrs||US$206.43k||no data|
|Independent Director||1.75yrs||US$206.43k||no data|
Experienced Board: TTMI's board of directors are seasoned and experienced ( 10.1 years average tenure).
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
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$1.295b
- Shares outstanding: 106.73m
- 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|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/10 23:33|
|End of Day Share Price||2020/08/10 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.