Stock Price & Analysis

Based on the analysis of TTMI's stock performance, financials, and analyst sentiment, the stock presents a mixed outlook. While the company shows growth in key sectors and has a positive analyst consensus, it faces short-term challenges like supply chain issues and technical resistance.

Considering the current price near support levels and analyst upgrades, it may be a good time to buy for long-term growth. However, be cautious of potential volatility.

The price target for TTMI stock in 2025 is $33, with a Strong Buy rating from analysts. This prediction is supported by the company's revenue diversification efforts and strong operational performance, with analysts citing its ability to reduce cyclical market dependence and capitalize on growing demand in data center designs.

The S1 support level for TTMI Stock is $20.54 ,The R1 resistant level for TTMI Stock is $23.15.

As of the end of day on 2025-04-01, the price of TTMI Stock was $20.74.

The target price for TTMI Stock according to analyst rating is 34.75, with the highest price target at 38.00 and the lowest at 33.00. Analysts have a Strong Buy rating on TTMI Stock overall.

The market cap of TTMI is $2.1B.

Analysis and Insights

To determine whether TTMI is overvalued, we analyze its financial metrics, valuation ratios, and market sentiment.

Valuation Metrics:

TTMI's valuation metrics show mixed signals:

• P/E Ratio: 117.51 (Q2 2024) and 27.64 (Q3 2024), indicating a sharp decline in Q3 due to improved earnings.
• EV/EBITDA: 45.67, which is relatively high compared to industry peers, suggesting a premium valuation.
• P/S Ratio: 0.85, lower than some peers, indicating moderate revenue valuation.
• P/B Ratio: 1.27, slightly above 1, suggesting the market values the company slightly above its book value.

Revenue and Profitability:

• Revenue Growth: Steady growth with Q4 2023 at $569 million, increasing to $650 million in Q4 2024.
• Net Income: Volatile, with Q4 2023 at $17.33 million, dropping to $5.17 million in Q4 2024.
• Gross Margin: Stable around 18-19%, indicating consistent profitability in operations.

Market Sentiment:

• Analyst Ratings: Strong Buy with a price target of $33, implying a 44.9% upside from the current price of $22.51.
• Recent News: Leadership changes and revenue beats in Q4 2023, with Q1 2024 guidance above consensus.

Conclusion:

TTMI's high EV/EBITDA and volatile net income raise concerns about overvaluation. However, strong revenue growth and analyst support suggest it is fairly valued. Investors should monitor debt levels and profit margins.

TTM Technologies, Inc. is a global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCB). The Company's segments include PCB, and RF and Specialty Components (RF&S Components). The PCB segment consists of approximately 16 domestic system, sub-system, and PCB plants; four PCB fabrication plants in China; one in Malaysia, and one in Canada. The RF&S Components segment consists of one domestic RF component plant and one RF component plant in China. Each segment operates predominantly in the same industries with facilities that produce customized products for its customers and use similar means of product distribution. It offers a range of engineered systems, RF and microwave assemblies, high density interconnect (HDI) PCBs, rigid-flex PCBs, custom assemblies and system integration, integrated circuit (IC) substrates and others.

Based on current trends and analyst expectations, TTMI stock could reach $35 by 2030, driven by revenue growth and operational improvements. Analysts have set a $33 price target, indicating confidence in the stock's potential.

TTMI has a total of 15800 employees.