TT Electronics plc

OTCPK:TTGP.F Stock Report

Market Cap: US$256.2m

TT Electronics Valuation

Is TTGP.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TTGP.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TTGP.F ($1.35) is trading below our estimate of fair value ($2.31)

Significantly Below Fair Value: TTGP.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TTGP.F?

Key metric: As TTGP.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TTGP.F. This is calculated by dividing TTGP.F's market cap by their current revenue.
What is TTGP.F's PS Ratio?
PS Ratio0.4x
SalesUK£579.20m
Market CapUK£203.88m

Price to Sales Ratio vs Peers

How does TTGP.F's PS Ratio compare to its peers?

The above table shows the PS ratio for TTGP.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.3x
MPTI M-tron Industries
4.1x6.5%US$189.3m
ELTK Eltek
1.5x9.2%US$73.3m
AIRG Airgain
1.8x19.5%US$101.4m
GAUZ Gauzy
1.6x33.9%US$151.2m
TTGP.F TT Electronics
0.4x-0.08%US$203.9m

Price-To-Sales vs Peers: TTGP.F is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

How does TTGP.F's PS Ratio compare vs other companies in the US Electronic Industry?

34 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.1x7.3%
TTGP.F TT Electronics
 0.4x-0.08%US$256.24m
SNX TD SYNNEX
0.2x5.3%US$10.29b
ARW Arrow Electronics
0.2x2.7%US$6.40b
TTGP.F 0.4xIndustry Avg. 2.1xNo. of Companies33PS0246810+
34 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.1x18.0%
TTGP.F TT Electronics
 0.4x77.3%US$256.24m
No more companies

Price-To-Sales vs Industry: TTGP.F is good value based on its Price-To-Sales Ratio (0.4x) compared to the US Electronic industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is TTGP.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TTGP.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TTGP.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TTGP.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.35
US$1.94
+43.9%
15.7%US$2.41US$1.52n/a5
Nov ’25US$1.07
US$2.06
+92.1%
23.3%US$2.67US$1.34n/a8
Oct ’25n/a
US$2.06
0%
23.3%US$2.67US$1.34n/a8
Sep ’25n/a
US$3.12
0%
13.8%US$3.51US$2.04n/a9
Aug ’25n/a
US$3.19
0%
13.7%US$3.57US$2.08n/a9
Jul ’25n/a
US$3.09
0%
13.1%US$3.45US$2.07n/a9
Jun ’25US$1.72
US$3.09
+79.4%
13.1%US$3.45US$2.07n/a9
May ’25n/a
US$3.09
0%
13.4%US$3.50US$2.06n/a9
Apr ’25US$2.00
US$3.04
+52.1%
12.9%US$3.44US$2.10n/a8
Mar ’25US$1.65
US$3.08
+86.6%
12.7%US$3.43US$2.09n/a8
Feb ’25n/a
US$3.08
0%
12.7%US$3.43US$2.09n/a8
Jan ’25US$2.03
US$3.06
+50.8%
11.4%US$3.39US$2.20n/a8
Dec ’24US$2.12
US$3.09
+45.9%
11.4%US$3.43US$2.22n/a8
Nov ’24US$1.97
US$3.08
+56.5%
12.7%US$3.49US$2.14US$1.078
Oct ’24n/a
US$3.24
0%
13.1%US$3.62US$2.23n/a8
Sep ’24n/a
US$3.24
0%
13.1%US$3.62US$2.23n/a8
Aug ’24n/a
US$3.30
0%
13.0%US$3.72US$2.35n/a8
Jul ’24n/a
US$3.17
0%
12.5%US$3.53US$2.27n/a8
Jun ’24n/a
US$3.17
0%
12.5%US$3.53US$2.27US$1.728
May ’24n/a
US$3.12
0%
12.5%US$3.48US$2.24n/a8
Apr ’24n/a
US$2.99
0%
12.5%US$3.34US$2.15US$2.008
Mar ’24n/a
US$3.03
0%
12.3%US$3.39US$2.18US$1.658
Feb ’24n/a
US$3.11
0%
12.8%US$3.45US$2.22n/a8
Jan ’24n/a
US$3.02
0%
13.9%US$3.42US$2.08US$2.038
Dec ’23US$1.99
US$2.91
+46.3%
14.2%US$3.31US$2.01US$2.128
Nov ’23n/a
US$2.97
0%
17.9%US$3.78US$1.92US$1.978

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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