Is TTM Technologies Stock a Good Investment?
TTM Technologies Investment Advice | TTMI |
- Examine TTM Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research TTM Technologies' leadership team and their track record. Good management can help TTM Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electronic Equipment, Instruments & Components space and any emerging trends that could impact TTM Technologies' business and its evolving consumer preferences.
- Compare TTM Technologies' performance and market position to its competitors. Analyze how TTM Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if TTM Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about TTM Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in TTM Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if TTM Technologies is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine TTM Technologies Stock
Researching TTM Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 98.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.61. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. TTM Technologies has Price/Earnings To Growth (PEG) ratio of 0.52. The entity had not issued any dividends in recent years.
To determine if TTM Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding TTM Technologies' research are outlined below:
| The company reported the previous year's revenue of 2.23 B. Net Loss for the year was (18.72 M) with profit before overhead, payroll, taxes, and interest of 457.96 M. | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Should Value Investors Buy TTM Technologies Stock |
TTM Technologies Quarterly Accounts Payable |
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TTM Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in TTM Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to TTM Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact TTM Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises TTM Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2009-04-30 | 2009-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2004-01-28 | 2003-12-31 | 0.1 | 0.11 | 0.01 | 10 | ||
2001-07-19 | 2001-06-30 | 0.08 | 0.09 | 0.01 | 12 | ||
2002-04-29 | 2002-03-31 | 0.01 | -0.0072 | -0.0172 | 172 | ||
2019-05-01 | 2019-03-31 | 0.17 | 0.19 | 0.02 | 11 | ||
2013-08-01 | 2013-06-30 | 0.11 | 0.09 | -0.02 | 18 | ||
2007-10-31 | 2007-09-30 | 0.17 | 0.19 | 0.02 | 11 | ||
2006-04-26 | 2006-03-31 | 0.19 | 0.21 | 0.02 | 10 |
Know TTM Technologies' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as TTM Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading TTM Technologies backward and forwards among themselves. TTM Technologies' institutional investor refers to the entity that pools money to purchase TTM Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1.8 M | Adage Capital Partners Gp Llc | 2024-06-30 | 1.7 M | Goldman Sachs Group Inc | 2024-06-30 | 1.5 M | Wellington Management Company Llp | 2024-06-30 | 1.4 M | Nuveen Asset Management, Llc | 2024-06-30 | 1.3 M | Jpmorgan Chase & Co | 2024-06-30 | 1.3 M | Portolan Capital Management, Llc | 2024-06-30 | 1.2 M | Amvescap Plc. | 2024-06-30 | 1.1 M | Northern Trust Corp | 2024-09-30 | 1.1 M | Blackrock Inc | 2024-06-30 | 18.1 M | Vanguard Group Inc | 2024-09-30 | 13.6 M |
TTM Technologies' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.49 B.Market Cap |
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TTM Technologies' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.01) | 0.08 | |
| Return On Capital Employed | 0.02 | 0.06 | |
| Return On Assets | (0.01) | 0.05 | |
| Return On Equity | (0.01) | 0.14 |
Determining TTM Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if TTM Technologies is a good buy. For example, gross profit margin measures TTM Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of TTM Technologies' profitability and make more informed investment decisions.
TTM Technologies' Earnings Breakdown by Geography
Evaluate TTM Technologies' management efficiency
TTM Technologies has return on total asset (ROA) of 0.0288 % which means that it generated a profit of $0.0288 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0449 %, meaning that it created $0.0449 on every $100 dollars invested by stockholders. TTM Technologies' management efficiency ratios could be used to measure how well TTM Technologies manages its routine affairs as well as how well it operates its assets and liabilities. The TTM Technologies' current Return On Tangible Assets is estimated to increase to 0.07. The TTM Technologies' current Return On Capital Employed is estimated to increase to 0.06. As of now, TTM Technologies' Intangibles To Total Assets are increasing as compared to previous years. The TTM Technologies' current Debt To Assets is estimated to increase to 0.43, while Total Assets are projected to decrease to under 1.7 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 14.71 | 9.15 | |
| Tangible Book Value Per Share | 5.56 | 0.63 | |
| Enterprise Value Over EBITDA | 10.31 | 6.47 | |
| Price Book Value Ratio | 1.06 | 1.06 | |
| Enterprise Value Multiple | 10.31 | 6.47 | |
| Price Fair Value | 1.06 | 1.06 | |
| Enterprise Value | 503.5 M | 519.6 M |
TTM Technologies has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.
Beta 1.221 |
Basic technical analysis of TTM Stock
As of the 1st of December, TTM Technologies has the coefficient of variation of 765.39, and Risk Adjusted Performance of 0.1072. Compared to fundamental indicators, the technical analysis model makes it possible for you to check available technical drivers of TTM Technologies, as well as the relationship between them.TTM Technologies' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific TTM Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on TTM Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases TTM Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
TTM Technologies' Outstanding Corporate Bonds
TTM Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. TTM Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most TTM bonds can be classified according to their maturity, which is the date when TTM Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| US87305RAK59 Corp BondUS87305RAK59 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| US87305QCH20 Corp BondUS87305QCH20 | View | |
| US87305QCN97 Corp BondUS87305QCN97 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand TTM Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing TTM Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1072 | |||
| Market Risk Adjusted Performance | 0.2737 | |||
| Mean Deviation | 1.81 | |||
| Semi Deviation | 1.99 | |||
| Downside Deviation | 2.29 | |||
| Coefficient Of Variation | 765.39 | |||
| Standard Deviation | 2.89 | |||
| Variance | 8.38 | |||
| Information Ratio | 0.0831 | |||
| Jensen Alpha | 0.19 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1049 | |||
| Treynor Ratio | 0.2637 | |||
| Maximum Drawdown | 17.41 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.72 | |||
| Downside Variance | 5.26 | |||
| Semi Variance | 3.97 | |||
| Expected Short fall | (2.05) | |||
| Skewness | 1.68 | |||
| Kurtosis | 7.8 |
| Risk Adjusted Performance | 0.1072 | |||
| Market Risk Adjusted Performance | 0.2737 | |||
| Mean Deviation | 1.81 | |||
| Semi Deviation | 1.99 | |||
| Downside Deviation | 2.29 | |||
| Coefficient Of Variation | 765.39 | |||
| Standard Deviation | 2.89 | |||
| Variance | 8.38 | |||
| Information Ratio | 0.0831 | |||
| Jensen Alpha | 0.19 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1049 | |||
| Treynor Ratio | 0.2637 | |||
| Maximum Drawdown | 17.41 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.72 | |||
| Downside Variance | 5.26 | |||
| Semi Variance | 3.97 | |||
| Expected Short fall | (2.05) | |||
| Skewness | 1.68 | |||
| Kurtosis | 7.8 |
Consider TTM Technologies' intraday indicators
TTM Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of TTM Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
TTM Technologies Corporate Filings
F4 | 27th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 14th of November 2024 Other Reports | ViewVerify | |
10Q | 5th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 30th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
TTM Stock media impact
Far too much social signal, news, headlines, and media speculation about TTM Technologies that are available to investors today. That information is available publicly through TTM media outlets and privately through word of mouth or via TTM internal channels. However, regardless of the origin, that massive amount of TTM data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of TTM Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of TTM Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to TTM Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive TTM Technologies alpha.
TTM Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards TTM Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
TTM Technologies Corporate Executives
Elected by the shareholders, the TTM Technologies' board of directors comprises two types of representatives: TTM Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TTM. The board's role is to monitor TTM Technologies' management team and ensure that shareholders' interests are well served. TTM Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TTM Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Todd Schull | CFO, Executive VP, Treasurer and Secretary | Profile | |
| Daniel CPA | Executive CFO | Profile | |
| Daniel Boehle | Executive CFO | Profile | |
| Catherine Gridley | Executive Sector | Profile |
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Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TTM Technologies. If investors know TTM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TTM Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.765 | Earnings Share 0.66 | Revenue Per Share 23.176 | Quarterly Revenue Growth 0.077 | Return On Assets 0.0288 |
The market value of TTM Technologies is measured differently than its book value, which is the value of TTM that is recorded on the company's balance sheet. Investors also form their own opinion of TTM Technologies' value that differs from its market value or its book value, called intrinsic value, which is TTM Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TTM Technologies' market value can be influenced by many factors that don't directly affect TTM Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between TTM Technologies' value and its price, as these two are different measures arrived at by various means. Investors typically determine if TTM Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TTM Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.