2 Reasons to Watch TTMI and 1 to Stay Cautious

The past six months have been a windfall for TTM Technologies’s shareholders. The company’s stock price has jumped 89.8%, hitting $90.36 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.

Is now still a good time to buy TTMI? Or are investors being too optimistic? Find out in our full research report, it’s free.

Why Does TTM Technologies Spark Debate?

As one of the world's largest printed circuit board manufacturers with facilities spanning North America and Asia, TTM Technologies (NASDAQ:TTMI) manufactures printed circuit boards (PCBs) and radio frequency (RF) components for aerospace, defense, automotive, and telecommunications industries.

Two Things to Like:

1. Long-Term Revenue Growth Shows Momentum

A company’s long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last five years, TTM Technologies grew its sales at a decent 5.3% compounded annual growth rate. Its growth was slightly above the average business services company and shows its offerings resonate with customers.

2. Outstanding Long-Term EPS Growth

Analyzing the long-term change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions.

TTM Technologies’s EPS grew at 17.2% compounded annual growth rate over the last five years, higher than its 5.3% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.

One Reason to be Careful:

Free Cash Flow Margin Dropping

Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king.

As you can see below, TTM Technologies’s margin dropped by 3.6 percentage points over the last five years. If the trend continues, it could signal it’s in the middle of an investment cycle. TTM Technologies’s free cash flow margin for the trailing 12 months was breakeven.

Final Judgment

TTM Technologies has huge potential even though it has some open questions, and with the recent surge, the stock trades at 30.8× forward P/E (or $90.36 per share). Is now the right time to buy? See for yourself in our full research report, it’s free.

Stocks We Like Even More Than TTM Technologies

ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies.

Our AI system flagged Palantir before it ran 1,662%. AppLovin before it ran 753%. Nvidia before it ran 1,178%. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE.

Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.