TT Electronics (TTG) AI Stock Analysis

• Market Cap: £186.69M
• Dividend Yield: 498.19%
• Average Volume (3M): 234.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.61
• Revenue Growth: -15.12%
• EPS Growth: -690.29%
• Country: UK
• Employees: 3,901
• Sector: Technology
• Sector Strength: 94
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.34
• Shares Outstanding: 178,050,800
• 10 Day Avg. Volume: 183,395
• 30 Day Avg. Volume: 234,800
• PEG Ratio: 0.01
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £104.25
• Price Target Upside: 1.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 54 Neutral
• Price Target: 113.00p ▲(9.71%Upside)

TT Electronics' overall score reflects moderate financial performance with challenges in profitability and growth, counterbalanced by strong cash flows. Technical indicators show positive momentum but suggest potential overbought conditions. Valuation remains a concern due to negative earnings. Corporate events and strategic adjustments aim to improve operational efficiency, offering some positive outlook.

Positive Factors

Financial Performance

FY24F EBITA is expected to be in line with prior guidance, and FCF has been strong.

Market Performance

Trading conditions in Europe are the most healthy across the regions, with A&D markets very robust.

Valuation

There appears to be some valuation support, as the shares have outperformed the sector recently.

Negative Factors

Earnings Guidance

The move in TT's EBITA guidance represents a significant downgrade, which is clearly disappointing.

Leadership Changes

The CEO will be stepping down, with an interim CEO appointed, which may indicate internal instability.

North American Challenges

There is a lack of apparent progress in fixing issues in North America, which is very concerning given the macroeconomic backdrop.

TT Electronics Business Overview & Revenue Model

Company Description

TT Electronics (TTG) is a global provider of engineered electronics for performance-critical applications. The company operates across various sectors, including healthcare, aerospace and defense, and industrial markets. TT Electronics specializes in the design and manufacture of a wide range of products, such as sensors, power management devices, and connectivity solutions, aiming to enhance the performance and reliability of its customers' applications.

How the Company Makes Money

TT Electronics generates revenue primarily through the sale of its engineered electronics products and solutions. The company's revenue streams are diversified across its core sectors, with significant earnings from contracts and partnerships with major companies in healthcare, aerospace, and industrial markets. TT Electronics also invests in research and development to innovate and expand its product offerings, thereby increasing its market share and profitability. Key factors contributing to its earnings include long-term contracts and collaborations with industry leaders, as well as the company's ability to adapt to technological advancements and industry demands.

TT Electronics Financial Statement Overview

Summary

TT Electronics faces challenges with declining revenues and negative profitability, as indicated by a negative net profit margin and declining equity. However, cash flow performance is relatively strong, providing some operational buffer. Overall, financial stability is moderate, but profitability and growth need improvement.

Income Statement

TT Electronics has shown volatility in its income statement, with fluctuating revenues and margins. The company experienced a significant drop in revenue from 2023 to 2024, decreasing by 15.1%. The gross profit margin for 2024 stands at 21.05%, which is a decline from previous years. Net profit margin is negative for 2024, indicating a net loss. However, the EBIT margin improved to 6.6% in 2024, showing some operational efficiency despite the challenges.

Balance Sheet

The balance sheet reflects moderate financial stability with a debt-to-equity ratio of 0.85 in 2024, suggesting a manageable level of leverage. The equity ratio is 38.06%, indicating a fair proportion of equity financing. However, the decrease in stockholders' equity over the years is a concern. Return on equity is negative due to net losses, highlighting profitability challenges.

Cash Flow

Cash flow analysis shows resilience, with positive operating and free cash flows in 2024. The operating cash flow to net income ratio is significantly positive, indicating strong cash generation relative to net income. Free cash flow to net income ratio is also strong, reflecting effective cash management despite net losses. However, free cash flow has decreased from 2023 to 2024, impacting the growth trajectory.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	521.10M	613.90M	617.00M	476.20M	431.80M
Gross Profit	109.70M	147.00M	135.50M	115.60M	99.10M
EBITDA	-5.50M	31.40M	20.90M	41.50M	28.30M
Net Income	-53.40M	-6.80M	-13.20M	12.80M	1.30M
Balance Sheet
Total Assets	512.30M	655.10M	707.20M	671.40M	572.80M
Cash, Cash Equivalents and Short-Term Investments	69.20M	74.10M	65.00M	68.30M	70.20M
Total Debt	166.60M	201.30M	203.40M	170.80M	154.10M
Total Liabilities	317.40M	384.60M	410.20M	341.40M	274.80M
Stockholders Equity	194.90M	270.50M	297.00M	328.00M	296.00M
Cash Flow
Free Cash Flow	33.70M	38.40M	-1.60M	-2.70M	14.80M
Operating Cash Flow	40.60M	62.90M	12.70M	14.30M	28.20M
Investing Cash Flow	3.50M	-27.60M	-22.30M	-8.20M	-51.90M
Financing Cash Flow	-51.80M	-19.60M	400.00K	-8.90M	33.40M

TT Electronics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 103.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TTG, the sentiment is Positive. The current price of 103 is below the 20-day moving average (MA) of 107.78, above the 50-day MA of 100.48, and above the 200-day MA of 92.41, indicating a neutral trend. The MACD of 1.29 indicates Positive momentum. The RSI at 46.41 is Neutral, neither overbought nor oversold. The STOCH value of 30.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TTG.

TT Electronics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SOLI	78 Outperform	£101.14M	198.33	0.81%	208.96%	-11.80%	-32.11%
SDI	72 Outperform	£97.23M	28.01	7.69%	―	-5.19%	115.58%
SRT	66 Neutral	£202.74M	―		―	―	―
GHH	65 Neutral	£167.57M	30.78	4.79%	213.59%	1.74%	359.50%
JDG	65 Neutral	£541.14M	51.93	12.29%	128.38%	-1.84%	9.56%
Sector *	63 Neutral	$34.27B	4.89	-11.70%	1.94%	5.41%	-20.02%
TTG	54 Neutral	£186.69M	―	-22.95%	498.19%	-15.12%	-690.29%

TT Electronics Corporate Events

TT Electronics Reports Revenue Decline and Strategic Business Adjustments

TT Electronics reported a 5.5% decline in group revenue for the first five months of 2025, with strong performance in Europe offset by challenges in Asia and North America. The company is progressing with a strategic review of its Components business, which includes closing its Plano, Texas operations due to previous losses. The Aerospace and Defence sector remains robust, and the company expects adjusted operating profit to align with previous guidance, despite potential leverage exceeding 2x by June 2025. TT Electronics is focused on operational improvements and efficiency to maximize shareholder value.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Appoints Karina Rigby as Non-Executive Director

TT Electronics has announced the appointment of Karina Rigby as a Non-Executive Director, effective October 1, 2025. Rigby brings over 25 years of experience in industrial companies, having held senior roles at Eaton Corporation and Siemens. Her expertise in value creation and business transformation is expected to enhance the board’s strategic and operational capabilities, driving future growth and operational excellence for TT Electronics.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Announces Change in Major Shareholdings

TT Electronics Plc has announced a change in its major holdings, with DBAY Advisors Limited, acting as an investment manager for DouglasBay Capital IV Fund LP, increasing their voting rights to 14.62% from a previous 13.15%. This change reflects a strategic move by DBAY Advisors Limited, potentially impacting TT Electronics’ governance and decision-making processes, and indicating confidence in the company’s future prospects.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Announces Total Voting Rights Update

TT Electronics has announced that as of May 31, 2025, the total number of ordinary shares in issue is 178,050,800, each carrying voting rights. This figure is crucial for shareholders and others with notification obligations to determine their interest in the company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Submits 2025 AGM Notice to National Storage Mechanism

TT Electronics has announced the submission of its Notice of Annual General Meeting for 2025, scheduled for 30 June 2025, to the National Storage Mechanism. This announcement is part of their ongoing commitment to transparency and accessibility for stakeholders, with further details available on their investor relations website.

The most recent analyst rating on (GB:TTG) stock is a Buy with a £1.70 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Appoints Richard Webb as Interim CFO

TT Electronics has appointed Richard Webb as Interim Chief Financial Officer and a member of the Board, effective 12 May 2025. Webb, who previously served as Group CFO at Ultra Electronics, brings extensive experience in driving growth and efficiency within the electronics sector. His appointment is expected to enhance TT Electronics’ performance and strategic initiatives in its key markets.

TT Electronics Sees Increase in Major Holdings by DBAY Advisors

TT Electronics, a company listed on the stock exchange, has announced a change in its major holdings. DBAY Advisors Limited, acting as an investment manager for DouglasBay Capital IV Fund LP, has increased its voting rights in TT Electronics to 13.15%, up from a previous 12.76%. This change was officially noted on April 25, 2025, and reported on April 29, 2025. The increase in voting rights signifies a strategic move by DBAY Advisors, potentially impacting TT Electronics’ governance and future strategic decisions.

TT Electronics Releases Annual Financial Report and Plans AGM

TT Electronics has submitted its Annual Report and Accounts to the National Storage Mechanism, making it available for public inspection. The company plans to announce the details of its upcoming Annual General Meeting, scheduled for June 30, 2025, in due course. This release ensures transparency and keeps stakeholders informed about the company’s financial health and future plans.

TT Electronics Updates Long Term Incentive Plan Details

TT Electronics plc announced a correction to its Long Term Incentive Plan, clarifying that the grant date for a conditional award of shares was 22 April 2025. The award, granted to Acting CEO Eric Lakin, is contingent on meeting specific performance targets over three years, including earnings per share growth, shareholder return, and cash conversion. This plan reflects the company’s commitment to aligning executive incentives with shareholder interests and enhancing its competitive positioning.

TT Electronics Grants Long Term Incentive Award to Acting CEO

TT Electronics plc has announced the granting of a conditional award of ordinary shares under its Long Term Incentive Plan 2024 to Eric Lakin, the Acting Chief Executive Officer. The award, which is subject to performance conditions over a three-year period, aims to align executive incentives with company performance metrics such as earnings per share growth, shareholder return, and operating cash conversion. This move is expected to strengthen TT Electronics’ leadership stability and potentially enhance its market positioning by driving performance improvements.