TTM Technologies Inc (TTMI) stock analysis

P/E below its 5-year median

TTM Technologies's P/E of 31.4 is below its own 5-year median of 36.1.

P/E below the industry

TTM Technologies's P/E of 31.4 is below the Electronic Components and Accessories median of 34.8.

EV/EBITDA below its 5-year median

TTM Technologies's EV/EBITDA of 21.3 is below its 5-year median of 21.5.

P/B above the industry

TTM Technologies's price-to-book of 4.06 is above the Electronic Components and Accessories median of 3.49.

Trading below fair value

The share price of $78.70 is below our fair value estimate of $79.74.

Margin of safety under 20%

The price is 1.3% below fair value, less than the 20% cushion we look for.

Revenue growing under 10% a year

Revenue grew 5.2% a year over the last three fiscal years, short of the 10% we look for.

EPS growing 10%+ a year

Diluted EPS grew 22.7% a year over the last three fiscal years.

Earnings growth accelerating

Net income grew 104% over the last twelve months, against a 5-year average of -0.0% a year.

Growing faster than the industry

Revenue grew 37.6% over the last twelve months; the Electronic Components and Accessories median is 17.3%.

Guidance issued

The latest outlook (2027 full year expected net sales, Oct 22, 2026) was issued for the first time, so it neither adds nor takes away points.

Gross margin improving

Gross margin was 22.2% over the last twelve months, against 20.2% a year earlier.

Return on equity under 15%

Return on equity was 14.3% over the last twelve months and averaged 4.6% over five years; we look for 15% on both.

Return on capital over 10%

Return on invested capital was 13.4%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

TTM Technologies's return on equity of 14.3% is above the Electronic Components and Accessories median of 4.8%.

Earnings shrank over 5 years

Net income shrank 0.0% a year on average over the last five fiscal years.

Net margin above its 5-year average

Net margin was 7.0% over the last twelve months, against a 5-year average of 2.8%.

Net margin above the industry

TTM Technologies's net margin of 7.0% is above the Electronic Components and Accessories median of 2.9%.

High debt

Debt is 80.5% of shareholders' equity, above the 40% we consider low.

Debt rising against equity

Debt to equity rose from 58.4% five years ago to 80.5%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 20.4% of total debt.

Interest well covered

Operating income covers interest expense 9.2 times.

Short-term assets cover short-term debts

Current assets are 1.67 times current liabilities.

Bankruptcy risk in the grey zone

The Altman Z-score is 2.92; above 3 is the safe zone and below 1.8 the distress zone.

No dividend

TTM Technologies has not paid a dividend in the last twelve months.

Yield against Treasuries

No dividend.

Yield against the market

No dividend.

Dividend stability

No dividend.

Earnings cover

No dividend.

Cash-flow cover

No dividend.