TTM Technologies may be overvalued by about 10.3% based on a discounted cash flow analysis, even as its earnings multiple suggests the stock is undervalued. The company's latest twelve-month free cash flow is about $28.3 million, and the DCF model estimates an intrinsic value of about $105.56 per share. TTM Technologies has agreed to acquire Epiq Design Solutions for $1.1 billion in cash, which may explain why the market is willing to pay a higher price. The stock trades at a P/E of about 51.8x, above the electronic industry average of roughly 30.7x and the peer group average of about 35.7x, but below a fair P/E estimate of around 63.5x. Overall, TTM Technologies passes only 2 of 6 valuation checks, suggesting the stock does not screen as a clear bargain on broader measures.
TTM Technologies IncDCF analysis suggests stock is 10% overvalued despite acquisition.
Epiq Solutions is the acquisition target; impact on its value not directly assessed.
