Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
TTM Technologies Inc (TTMI)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
03/20/2025: TTMI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -7.27% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/20/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.27B USD | Price to earnings Ratio 41.42 | 1Y Target Price 34.75 |
Price to earnings Ratio 41.42 | 1Y Target Price 34.75 | ||
Volume (30-day avg) 791017 | Beta 1.19 | 52 Weeks Range 13.43 - 30.41 | Updated Date 03/27/2025 |
52 Weeks Range 13.43 - 30.41 | Updated Date 03/27/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.52 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.31% | Operating Margin (TTM) 7.14% |
Management Effectiveness
Return on Assets (TTM) 2.94% | Return on Equity (TTM) 3.66% |
Valuation
Trailing PE 41.42 | Forward PE - | Enterprise Value 2700191851 | Price to Sales(TTM) 0.93 |
Enterprise Value 2700191851 | Price to Sales(TTM) 0.93 | ||
Enterprise Value to Revenue 1.11 | Enterprise Value to EBITDA 9.59 | Shares Outstanding 101621000 | Shares Floating 100436102 |
Shares Outstanding 101621000 | Shares Floating 100436102 | ||
Percent Insiders 1.98 | Percent Institutions 103.53 |
Analyst Ratings
Rating 4.75 | Target Price 29.25 | Buy 1 | Strong Buy 3 |
Buy 1 | Strong Buy 3 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
TTM Technologies Inc
Company Overview
History and Background
TTM Technologies, founded in 1978, started as a technology transfer company. It has grown through acquisitions and organic expansion to become a leading global manufacturer of printed circuit boards (PCBs) and backplanes.
Core Business Areas
- PCB Manufacturing: Production of a wide range of PCBs, including high-density interconnect (HDI), rigid, flex, and rigid-flex PCBs.
- Engineering Services: Providing engineering support, design, and testing services to customers.
Leadership and Structure
Tom Edman serves as the Chief Executive Officer. The organizational structure comprises various departments including sales, operations, engineering, and finance, reporting to a board of directors.
Top Products and Market Share
Key Offerings
- High-Density Interconnect (HDI) PCBs: HDI PCBs are used in smartphones, tablets, and other mobile devices. TTM has a strong position in this market. Competitors include Unimicron and AT&S. Market share data is proprietary but estimated to be significant within the high-performance segment.
- Aerospace and Defense PCBs: TTM provides PCBs for radar systems, communication devices, and other critical aerospace and defense applications. They have a significant market share within this segment due to reliability and certification. Competitors include Viasystems and Sanmina.
Market Dynamics
Industry Overview
The PCB market is driven by increasing electronic content in various industries, including automotive, aerospace, and consumer electronics. Growing demand for smaller, faster, and more reliable electronics is fueling growth.
Positioning
TTM Technologies is positioned as a leading provider of advanced PCB solutions, focusing on high-technology and high-reliability applications. Their competitive advantage lies in their technological capabilities and customer relationships.
Total Addressable Market (TAM)
The global PCB market is estimated to be over $80 billion. TTM is well-positioned to capture a share of this market, particularly in the high-end segments.
Upturn SWOT Analysis
Strengths
- Strong technological capabilities
- Diversified end markets
- Established customer relationships
- Global manufacturing footprint
Weaknesses
- Exposure to cyclical industries
- High capital expenditure requirements
- Dependence on key customers
- Intense price competition
Opportunities
- Growth in automotive electronics
- Increasing demand for 5G infrastructure
- Expansion in the aerospace and defense sector
- Strategic acquisitions
Threats
- Economic downturns
- Increased competition from low-cost manufacturers
- Technological obsolescence
- Geopolitical risks
Competitors and Market Share
Key Competitors
- Unimicron (3037.TW)
- AT&S (ATS.VI)
- Sanmina (SANM)
Competitive Landscape
TTM competes based on technology, quality, and customer service. They face competition from larger and smaller players in the PCB market.
Major Acquisitions
Anaren Microwave Group
- Year: 2018
- Acquisition Price (USD millions): 775
- Strategic Rationale: Expanded TTM's aerospace and defense capabilities.
Growth Trajectory and Initiatives
Historical Growth: TTM's growth has been driven by organic expansion and acquisitions. Growth rates vary depending on market conditions.
Future Projections: Future growth is projected to be driven by increasing demand for advanced PCBs in various end markets. Analyst estimates vary depending on market conditions.
Recent Initiatives: Recent initiatives include investing in new technologies and expanding manufacturing capacity.
Summary
TTM Technologies is a leading PCB manufacturer with strengths in advanced technologies and diverse markets. Its performance is influenced by industry cycles and competition. Growth opportunities exist in automotive and aerospace. TTM needs to manage its capital expenditures and customer concentration risks carefully.
Similar Companies
- SANM
- VPCB
- FLEX
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Analyst estimates
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About TTM Technologies Inc
Exchange NASDAQ | Headquaters Santa Ana, CA, United States | ||
IPO Launch date 2000-09-21 | President, CEO & Director Mr. Thomas T. Edman | ||
Sector Technology | Industry Electronic Components | Full time employees 16400 | Website https://www.ttm.com |
Full time employees 16400 | Website https://www.ttm.com | ||
TTM Technologies, Inc., together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. It operates in two segments, PCB and RF&S Components. The company offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs. It also provides value-added services, such as design for manufacturability, PCB layout design, simulation and testing services, and quick turnaround production, as well as specialized assembly and RF testing. In addition, the company offers maritime surveillance and weather avoidance radar systems for fixed- and rotary-wing aircraft, unmanned aerial vehicles, and shipboard platforms; AN/APS-153 multi-mode radar; communications suite within the MH-60R/S multi-mission helicopters; and develops multi-mode maritime and overland surveillance AESA radar under MOSAIC brand. Further, it provides identification friend, monopulse secondary surveillance radars, and air traffic control systems; wired and wireless communication systems; custom electronic assemblies; quick turnaround services comprising prototype production and ramp-to-volume production; and thermal management. The company serves original equipment manufacturers and electronic manufacturing services providers, original design manufacturers, distributors, and government agencies; and aerospace and defense, data center computing, automotive, medical, industrial, and instrumentation, and networking markets. TTM Technologies, Inc. was incorporated in 1978 and is headquartered in Santa Ana, California.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.