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TTM Technologies (TTM Technologies) Cyclically Adjusted Price-to-FCF : 13.53 (As of May. 26, 2024)


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What is TTM Technologies Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), TTM Technologies's current share price is $18.80. TTM Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $1.39. TTM Technologies's Cyclically Adjusted Price-to-FCF for today is 13.53.

The historical rank and industry rank for TTM Technologies's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TTMI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.08   Med: 12.04   Max: 22.13
Current: 13.51

During the past years, TTM Technologies's highest Cyclically Adjusted Price-to-FCF was 22.13. The lowest was 6.08. And the median was 12.04.

TTMI's Cyclically Adjusted Price-to-FCF is ranked better than
79.31% of 933 companies
in the Hardware industry
Industry Median: 30.71 vs TTMI: 13.51

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

TTM Technologies's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.052. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.39 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


TTM Technologies Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for TTM Technologies's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TTM Technologies Cyclically Adjusted Price-to-FCF Chart

TTM Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.60 13.74 13.44 11.81 11.31

TTM Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.19 10.87 9.31 11.31 11.25

Competitive Comparison of TTM Technologies's Cyclically Adjusted Price-to-FCF

For the Electronic Components subindustry, TTM Technologies's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TTM Technologies's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TTM Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TTM Technologies's Cyclically Adjusted Price-to-FCF falls into.



TTM Technologies Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

TTM Technologies's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=18.80/1.39
=13.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TTM Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, TTM Technologies's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.052/131.7762*131.7762
=-0.052

Current CPI (Mar. 2024) = 131.7762.

TTM Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.441 100.560 -0.578
201409 0.170 100.428 0.223
201412 0.311 99.070 0.414
201503 0.528 99.621 0.698
201506 -0.092 100.684 -0.120
201509 -0.158 100.392 -0.207
201512 1.178 99.792 1.556
201603 -0.022 100.470 -0.029
201606 0.487 101.688 0.631
201609 0.615 101.861 0.796
201612 0.731 101.863 0.946
201703 0.125 102.862 0.160
201706 0.040 103.349 0.051
201709 0.300 104.136 0.380
201712 0.897 104.011 1.136
201803 -0.525 105.290 -0.657
201806 0.122 106.317 0.151
201809 0.329 106.507 0.407
201812 0.897 105.998 1.115
201903 0.033 107.251 0.041
201906 0.382 108.070 0.466
201909 0.305 108.329 0.371
201912 0.774 108.420 0.941
202003 -0.043 108.902 -0.052
202006 0.898 108.767 1.088
202009 0.521 109.815 0.625
202012 0.338 109.897 0.405
202103 0.181 111.754 0.213
202106 0.310 114.631 0.356
202109 -0.011 115.734 -0.013
202112 0.401 117.630 0.449
202203 0.120 121.301 0.130
202206 0.512 125.017 0.540
202209 0.518 125.227 0.545
202212 0.488 125.222 0.514
202303 0.235 127.348 0.243
202306 -0.225 128.729 -0.230
202309 0.243 129.860 0.247
202312 0.014 129.419 0.014
202403 -0.052 131.776 -0.052

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


TTM Technologies  (NAS:TTMI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


TTM Technologies Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of TTM Technologies's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


TTM Technologies (TTM Technologies) Business Description

Industry
Traded in Other Exchanges
Address
200 East Sandpointe, Suite 400, Santa Ana, CA, USA, 92707
TTM Technologies Inc manufactures printed circuit boards. The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.
Executives
Robert P. Farrell officer: President C&C 200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Shawn A. Powers officer: EVP, Human Resources 1665 SCENIC AVENUE SUITE 250, COSTA MESA CA 92626
Daniel L. Boehle officer: EVP of Finance C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245
Dale Martin Knecht officer: SVP Information Technology 200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Daniel J Weber officer: See Remarks 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Catherine A Gridley officer: SVP & President of A&D BU 200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Tony Sanchez officer: Vice President & Controller 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Tom Clapprood officer: President A&D Radar Systems 200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Todd B Schull officer: Executive Vice President 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Philip Titterton officer: See Remarks 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Tai Keung Chung officer: See Remarks NO. 4 DAI SHUN STREET, TAI PO INDUSTRIAL ESTATE, TAI PO, NT,, HONG KONG K3 00000
Pamela B. Jackson director 200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
William Kent Hardwick officer: SVP Global Sales and EMS 5 KENTWOOD COURT, SCOTTS VALLEY CA 95066
Douglas L Soder officer: Executive Vice President 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Jeff Jankowsky officer: President, C&C BU 1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626