TTM Technologies Inc Dossier
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SectorInformation Technology IndustryElectronic Components Beta (adjusted)1.78 Intrinsic Value $42.43median of 6 methods · middle span $16-$156based on filings through 29 Jun 2026 Market Price $126.50Price as of 1 Oct 2026 Significantly overvaluedIntrinsic value is 66% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (-66%) Data confidence Sign in to view data confidence Market Cap $13.3B Enterprise Value $13.8B Shares Outstanding 108.1M diluted Moat Rating None Next Earnings Date4 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary TTM entered the second half of 2026 with strong operating momentum: second-quarter sales reached a record USD 1.0 billion, total book-to-bill was 1.49, adjusted EBITDA margin was 16.6%, and management raised fiscal 2026 sales guidance to approximately USD 4.4 billion. AI-related data-center demand and a USD 1.7 billion aerospace-and-defense backlog support further growth. The counterweight is execution and financing risk from rapid capacity expansion and the planned USD 1.1 billion Epiq acquisition, which is expected to lift net leverage to 2.3x at closing. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$205.00 Mean target$214.25 High · most bullish analyst$224.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $205.0020% N+M yields or customer demand fall short of the planned ramp, book-to-bill weakens, customer concentration amplifies a demand correction, or the Epiq acquisition closes with slower integration and deleveraging than management expects. Base CaseCentral scenario $214.2556% Matches the consensus meanTTM broadly delivers its approximately USD 4.4 billion fiscal 2026 sales outlook and sustains profitable growth through AI data-center and defense demand, but acquisition integration, elevated investment, and temporary leverage limit conviction. Bull CaseUpside scenario $224.0024% The N+M production ramp meets or exceeds management's expected USD 600 million of second-half 2026 revenue, AI data-center demand remains strong, aerospace-and-defense backlog converts on schedule, and the Epiq transaction expands TTM's higher-margin integrated-electronics offerings while leverage falls within management's target range. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |