TTM Technologies, Inc. (TTMI) Aandelenanalyse

Bedrijfsoverzicht

TTM Technologies, Inc. is a manufacturer and seller of mission systems, radio frequency components, RF microwave assemblies, and printed circuit boards operating across the United States, Taiwan, and international markets. The company functions within the Technology sector, specifically serving the Electronic Components industry, which involves the production of specialized hardware essential for various industrial and commercial applications. As a significant entity in its field, the company manages a workforce of 18,200 employees and maintains a market capitalization of $12.62 billion with annual revenue reaching $2.91 billion. These valuation and revenue figures indicate that the business possesses substantial scale, reflecting a major market presence and the ability to generate significant capital for operations and potential expansion within the global electronic supply chain.

Financiële gezondheid

The company reports a Trailing Twelve Months revenue of $2.91 billion, with a corresponding net income of $177.45 million and an EBITDA of $414.70 million. The substantial gap between the $2.91 billion in revenue and the $177.45 million in net income reveals a cost structure where operating expenses and taxes consume approximately 93.9% of top-line sales before reaching the bottom line. While the net income figure is positive, the free cash flow stands at -$61,288,876, indicating that the company is currently burning cash relative to its operational outflows, which suggests limited financial flexibility for capital expenditures or debt repayment without external financing. Profitability is further detailed through three distinct margins: a gross margin of 20.7%, an operating margin of 10.5%, and a profit margin of 6.1%, each indicating the efficiency at different stages of production and sales where the company retains a fraction of sales as profit. On the balance sheet, the company holds $504.33 million in cash against $1.03 billion in debt, resulting in a debt-to-equity ratio of 58.42 which characterizes a leveraged position rather than a conservative one. Liquidity is supported by a current ratio of 1.93, indicating that current assets are nearly double current liabilities and providing a buffer for short-term obligations. Management effectiveness is measured by a return on equity of 10.7% and a return on assets of 4.6%, which reveal the yield generated on shareholder investments and total assets respectively.

Waarderingsbeoordeling

Valuation metrics show a trailing P/E ratio of 72.32 compared to a forward P/E of 27.06, implying that the market expects earnings to grow significantly to justify the current high multiple relative to future projections. The price-to-book ratio is 7.13, indicating a substantial market premium over the company's book value which suggests investors are pricing in high growth potential or intangible assets not fully reflected on the balance sheet. Alternative valuation measures include a price-to-sales ratio of 4.34 and an EV/EBITDA of 31.56, which together suggest the market is willing to pay a high multiple for sales and earnings to capture anticipated future performance. The stock has exhibited significant volatility, trading between a 52-week high of $123.16 and a 52-week low of $17.93. Although the exact current price is not provided in the data, the range demonstrates a wide historical fluctuation where the asset has experienced a massive recovery from its low point relative to its high point. The beta value of 1.76 indicates that the stock's price volatility is significantly higher than the broader market, moving with greater intensity during periods of market stress or rally.

Growth & Income

Revenue growth year-over-year stands at 19.0% while earnings growth year-over-year is reported at 828.3%, indicating that earnings are growing at a pace vastly faster than revenue. This disproportionate growth rate implies that the company is achieving significant leverage on its bottom line, potentially through cost efficiencies, margin expansion, or non-recurring gains affecting the earnings figure more than the top line. As a non-dividend payer with a dividend yield of N/A and a payout ratio of 0.0%, the company does not distribute cash to shareholders and instead reinvests all earnings back into the business to fund operations, R&D, or balance sheet strengthening. The overall growth and income profile is characterized by high revenue expansion and exceptional earnings acceleration, coupled with a strategy of capital retention rather than dividend distribution to support long-term operational growth.