Nasdaq · Printed Circuit Boards
Quote as of Oct 9, 2:31 PM ET · delayed
Overvalued. Our fair value estimate is USD 105.00 against a price of USD 121.88, -14% implied downside. Reasoning and scenarios are in TTM Technologies stock climbs, but no new company catalyst is disclosed.
TTM Technologies stock is up 4.3% to $131.87, yet the recent company evidence is its August earnings release, not a fresh October announcement. Strong sales and guidance support growth; cash burn and a demanding multiple keep the valuation exposed.
StockLarge CapTechnologyNo earnings notes for this company yet.
Revenue (USD, billions)
Margins (%)
Free cash flow (USD, billions)
Estimated ROIC (%)
Net debt (USD, billions)
Monetary values are in USD; revenue, FCF and net debt are in billions; EPS is per share. Missing values appear as gaps and “Not available.” Source: SEC EDGAR XBRL filings, latest restated values; quarterly cash flow derived from year-to-date figures; Q4 = fiscal year minus nine months. ROIC is NOPAT (21% tax) over debt plus equity.
| Period | Revenue | Gross % | Op % | FCF | EPS | ROIC % | Net debt |
|---|---|---|---|---|---|---|---|
| FY2017 | 2.53 | 16.7 | 6.85 | 0.21 | 0.34 | 7.45 | 0.76 |
| FY2018 | 2.66 | 16.2 | 8.00 | 0.18 | 1.04 | 8.46 | 0.57 |
| FY2019 | 2.24 | 18.0 | 5.32 | 0.12 | 1.38 | 3.49 | 1.21 |
| FY2020 | 2.13 | 17.7 | 5.14 | 0.17 | 0.39 | 3.46 | 0.85 |
| FY2021 | 2.11 | 17.1 | 1.33 | 0.18 | 1.67 | 0.97 | 0.39 |
| FY2022 | 2.25 | 16.5 | 5.60 | 0.09 | 0.50 | 4.18 | 0.39 |
| FY2023 | 2.50 | 18.4 | 8.43 | 0.17 | 0.91 | 6.88 | 0.48 |
| FY2024 | 2.23 | 18.5 | 1.90 | 0.03 | -0.18 | 1.38 | 0.46 |
| FY2025 | 2.44 | 19.5 | 4.75 | 0.05 | 0.54 | 3.69 | 0.41 |
| FY2026 | 2.91 | 20.7 | 9.11 | 0.00 | 1.68 | 7.81 | 0.41 |
Current price
USD 121.88
Fair value estimate
USD 105.00
Implied upside
-13.8%
Bear
25%USD 75
Assumed normalized GAAP EPS multiplied by an assumed earnings multiple; direct equity valuation.
A slowdown in growth or weaker margins leaves earnings below the growth case, and the market pays a lower multiple. The valuation is direct equity value divided by assumed diluted shares.
Base
50%USD 105
Assumed normalized GAAP EPS multiplied by an assumed earnings multiple; direct equity valuation.
Growth continues but cash conversion and acquisition execution keep the multiple below the trailing multiple. The valuation is direct equity value divided by assumed diluted shares.
Bull
25%USD 135
Assumed normalized GAAP EPS multiplied by an assumed earnings multiple; direct equity valuation.
The elevated growth rate persists and capacity investment translates into earnings and cash generation. The valuation is direct equity value divided by assumed diluted shares.
No news items logged for this company yet.