Overview Dividends

(TTMI) TTM Technologies - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US87305R1095

Printed Circuit Boards, RF Components, Microwave Assemblies, Mission

Electronic Manufacturing Services
Market Cap in USD: 6,909m

IPO / Inception: 2000-09-21
Return 12m vs S&P 500: 147%

EPS (Earnings per Share)

EPS CAGR: -40.15%
EPS Trend: 7.6%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 6.32%
Rev. Trend: 53.0%

Last SUE: 2.05
Qual. Beats: 3

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	64.5%
Value at Risk 5%th	92.8%
Relative Tail Risk	-12.60%

Reward TTM
Sharpe Ratio	2.05
Alpha	165.01
CAGR/Max DD	1.79

Character TTM
Hurst Exponent	0.395
Beta	1.824
Beta Downside	1.695

Drawdowns 3y
Max DD	35.20%
Mean DD	12.64%
Median DD	13.19%

Description: TTMI TTM Technologies January 10, 2026

TTM Technologies Inc. (NASDAQ:TTMI) designs, manufactures, and sells mission-critical RF components, microwave/microelectronic assemblies, and printed circuit boards (PCBs) across two segments-PCB and RF & S Components-serving OEMs, EMS providers, and government customers in aerospace & defense, data-center, automotive, medical, and industrial markets.

Key product lines include high-density interconnect (HDI) and flexible PCBs, advanced ceramic RF parts, beam-forming and switching networks, and maritime/airborne radar systems such as the AN/APS-153 and MOSAIC-brand AESA radars. The firm also offers value-added services like design-for-manufacturability, rapid prototyping, and thermal-management testing, positioning itself as a one-stop supplier for complex electronic assemblies.

Recent metrics (FY 2023) show revenue of roughly $1.3 billion with a gross margin near 23%, and a backlog exceeding $1.5 billion-indicating strong order flow. The company’s performance is tied to two macro drivers: (1) sustained U.S. defense spending, which has risen ~5% YoY and underpins demand for radar and high-reliability RF systems; and (2) a growing global PCB market, projected to expand at ~8% CAGR through 2028, driven by data-center and automotive electrification trends. Supply-chain pressures on copper and semiconductor components remain a material risk to margins.

For a deeper dive into TTMI’s valuation multiples and forward-looking financial models, you might explore the analysis tools available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (131.9m TTM) > 0 and > 6% of Revenue (6% = 167.0m TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA 0.30pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 30.56% (prev 32.26%; Δ -1.70pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 315.0m > Net Income 131.9m (YES >=105%, WARN >=100%)

Net Debt (534.3m) to EBITDA (350.1m) ratio: 1.53 <= 3.0 (WARN <= 3.5)

Current Ratio 1.94 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (105.8m) change vs 12m ago 1.91% (target <= -2.0% for YES)

Gross Margin 20.21% (prev 19.75%; Δ 0.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 77.96% (prev 69.05%; Δ 8.91pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.68 (EBITDA TTM 350.1m / Interest Expense TTM 44.2m) >= 6 (WARN >= 3)

Altman Z'' 3.22

(A) 0.23 = (Total Current Assets 1.76b - Total Current Liabilities 905.2m) / Total Assets 3.72b

(B) 0.26 = Retained Earnings (Balance) 965.2m / Total Assets 3.72b

(D) 0.46 = Book Value of Equity 936.6m / Total Liabilities 2.02b

Total Rating: 3.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 53.67

1. Piotroski 5.0pt

2. FCF Yield 0.48%

3. FCF Margin 1.29%

4. Debt/Equity 0.60

5. Debt/Ebitda 1.53

6. ROIC - WACC (= -4.12)%

7. RoE 8.13%

8. Rev. Trend 52.98%

9. EPS Trend 7.58%

What is the price of TTMI shares?

As of January 10, 2026, the stock is trading at USD 73.88 with a total of 2,493,544 shares traded.
Over the past week, the price has changed by +4.63%, over one month by -3.73%, over three months by +30.71% and over the past year by +199.35%.

Is TTMI a buy, sell or hold?

TTM Technologies has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy TTMI.

Strong Buy: 3
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the TTMI price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	80.8	9.3%
Analysts Target Price	80.8	9.3%
ValueRay Target Price	107.2	45.2%

TTMI Fundamental Data Overview January 10, 2026

P/E Trailing = 53.0635
P/S = 2.4825
P/B = 4.2621
P/EG = 0.52
Beta = 1.745
Revenue TTM = 2.78b USD
EBIT TTM = 206.8m USD
EBITDA TTM = 350.1m USD
Long Term Debt = 912.8m USD (from longTermDebt, last quarter)
Short Term Debt = 12.1m USD (from shortTermDebt, last quarter)
Debt = 1.03b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 534.3m USD (from netDebt column, last quarter)
Enterprise Value = 7.44b USD (6.91b + Debt 1.03b - CCE 491.1m)
Interest Coverage Ratio = 4.68 (Ebit TTM 206.8m / Interest Expense TTM 44.2m)
EV/FCF = 207.9x (Enterprise Value 7.44b / FCF TTM 35.8m)
FCF Yield = 0.48% (FCF TTM 35.8m / Enterprise Value 7.44b)
FCF Margin = 1.29% (FCF TTM 35.8m / Revenue TTM 2.78b)
Net Margin = 4.74% (Net Income TTM 131.9m / Revenue TTM 2.78b)
Gross Margin = 20.21% ((Revenue TTM 2.78b - Cost of Revenue TTM 2.22b) / Revenue TTM)
Gross Margin QoQ = 20.82% (prev 20.27%)
Tobins Q-Ratio = 2.00 (Enterprise Value 7.44b / Total Assets 3.72b)
Interest Expense / Debt = 1.01% (Interest Expense 10.4m / Debt 1.03b)
Taxrate = 14.17% (8.76m / 61.8m)
NOPAT = 177.5m (EBIT 206.8m * (1 - 14.17%))
Current Ratio = 1.94 (Total Current Assets 1.76b / Total Current Liabilities 905.2m)
Debt / Equity = 0.60 (Debt 1.03b / totalStockholderEquity, last quarter 1.70b)
Debt / EBITDA = 1.53 (Net Debt 534.3m / EBITDA 350.1m)
Debt / FCF = 14.92 (Net Debt 534.3m / FCF TTM 35.8m)
Total Stockholder Equity = 1.62b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.70% (Net Income 131.9m / Total Assets 3.72b)
RoE = 8.13% (Net Income TTM 131.9m / Total Stockholder Equity 1.62b)
RoCE = 8.16% (EBIT 206.8m / Capital Employed (Equity 1.62b + L.T.Debt 912.8m))
RoIC = 6.99% (NOPAT 177.5m / Invested Capital 2.54b)
WACC = 11.11% (E(6.91b)/V(7.93b) * Re(12.63%) + D(1.03b)/V(7.93b) * Rd(1.01%) * (1-Tc(0.14)))
Discount Rate = 12.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.72%
[DCF Debug] Terminal Value 64.70% ; FCFF base≈30.5m ; Y1≈26.6m ; Y5≈21.3m
Fair Price DCF = N/A (negative equity: EV 244.2m - Net Debt 534.3m = -290.1m; debt exceeds intrinsic value)
EPS Correlation: 7.58 | EPS CAGR: -40.15% | SUE: -4.0 | # QB: 0
Revenue Correlation: 52.98 | Revenue CAGR: 6.32% | SUE: 2.05 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.62 | Chg30d=+0.000 | Revisions Net=+4 | Analysts=4
EPS next Year (2026-12-31): EPS=2.86 | Chg30d=+0.005 | Revisions Net=+0 | Growth EPS=+17.3% | Growth Revenue=+9.3%

Additional Sources for TTMI Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle