TT Electronics (TTG) AI Stock Analysis

• Market Cap: £202.39M
• Dividend Yield: N/A
• Average Volume (3M): 416.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.85
• Revenue Growth: -16.33%
• EPS Growth: -448.12%
• Country: UK
• Employees: 3,901
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.02
• Shares Outstanding: 178,119,250
• 10 Day Avg. Volume: 307,252
• 30 Day Avg. Volume: 416,480
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 5.56
• 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: £113.75
• Price Target Upside: 1.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: 134.00p ▲(19.86% Upside)

TT Electronics' overall stock score reflects significant challenges in financial performance, particularly in revenue and profitability, which are the most impactful factors. Technical analysis shows some positive momentum, but valuation concerns due to negative earnings and no dividend yield weigh heavily. The earnings call highlights regional challenges, and while corporate events provide a positive outlook, they are less impactful on the overall score.

Positive Factors

Cash Conversion Success

High cash conversion indicates effective cash management, providing liquidity to support strategic initiatives and operational needs.

Aerospace & Defense Growth

Growth in Aerospace & Defense signifies robust demand and potential for sustained revenue, enhancing market position in a key sector.

European Performance

Strong performance in Europe reflects operational efficiency and favorable market conditions, supporting overall profitability.

Negative Factors

North American Challenges

Challenges in North America, including revenue decline, could hinder overall growth and require strategic adjustments to regain stability.

Revenue Decline

Declining revenue indicates potential market share loss and challenges in maintaining growth, impacting long-term financial health.

Asian Market Delays

Order delays in Asia reflect geopolitical and operational risks, affecting revenue and profit margins in a significant market.

TT Electronics Business Overview & Revenue Model

Company Description

TT Electronics (TTG) is a global engineering company specializing in the design and manufacture of advanced electronic components and systems. Operating across various sectors including aerospace, defense, medical, and industrial markets, TT Electronics provides a wide range of products such as sensors, power management solutions, and connectivity devices. The company focuses on innovation and quality, delivering tailored solutions that meet the complex needs of its customers worldwide.

How the Company Makes Money

TT Electronics generates revenue primarily through the sale of its electronic components and systems to a diverse range of industries. Key revenue streams include the sale of sensors, power management products, and custom electronic solutions. The company benefits from long-term contracts and partnerships with major players in sectors like aerospace and defense, which provide stable income. Additionally, TT Electronics invests in research and development to drive innovation and maintain a competitive edge, further enhancing its revenue potential. Partnerships with manufacturers and technology firms also play a crucial role in expanding its market reach and contributing to earnings.

TT Electronics Financial Statement Overview

Summary

TT Electronics faces challenges with declining revenues and profitability issues, as reflected in its income statement. The balance sheet shows moderate stability, but the decrease in equity and negative return on equity highlight risks. Cash flow performance is a stronger aspect, with positive cash generation providing some buffer. Overall, while there are operational efficiencies, the company needs to address revenue growth and profitability concerns to improve its financial standing.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	484.60M	521.10M	613.90M	617.00M	476.20M	431.80M
Gross Profit	92.30M	109.70M	147.00M	135.50M	115.60M	99.10M
EBITDA	-27.20M	-5.50M	31.40M	20.90M	41.50M	28.30M
Net Income	-69.70M	-53.40M	-6.80M	-13.20M	12.80M	1.30M
Balance Sheet
Total Assets	461.00M	512.30M	655.10M	707.20M	671.40M	572.80M
Cash, Cash Equivalents and Short-Term Investments	55.70M	69.20M	74.10M	65.00M	68.30M	70.20M
Total Debt	143.40M	166.60M	201.30M	203.40M	170.80M	154.10M
Total Liabilities	284.20M	317.40M	384.60M	410.20M	341.40M	274.80M
Stockholders Equity	176.80M	194.90M	270.50M	297.00M	328.00M	296.00M
Cash Flow
Free Cash Flow	52.40M	33.70M	38.40M	-1.60M	-2.70M	14.80M
Operating Cash Flow	59.20M	40.60M	62.90M	12.70M	14.30M	28.20M
Investing Cash Flow	-10.90M	3.50M	-27.60M	-22.30M	-8.20M	-51.90M
Financing Cash Flow	-51.50M	-62.40M	-19.60M	400.00K	-8.90M	33.40M

TT Electronics Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 111.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TTG, the sentiment is Negative. The current price of 111.8 is below the 20-day moving average (MA) of 129.84, below the 50-day MA of 124.72, and above the 200-day MA of 102.19, indicating a neutral trend. The MACD of -3.25 indicates Positive momentum. The RSI at 33.74 is Neutral, neither overbought nor oversold. The STOCH value of 19.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TTG.

TT Electronics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDI	70 Neutral	£78.95M	17.12	9.34%	―	7.36%	31.93%
JDG	69 Neutral	£379.11M	34.43	12.24%	1.89%	5.46%	-26.44%
SOLI	68 Neutral	£89.51M	36.97	3.88%	1.59%	8.75%	-54.73%
GHH	67 Neutral	£170.27M	45.86	3.13%	2.11%	10.66%	21.19%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SRT	55 Neutral	£194.98M	85.56	―	―	―	―
TTG	54 Neutral	£202.39M	-2.84	-31.42%	―	-16.33%	-448.12%

TT Electronics Corporate Events

TT Electronics Maintains Profit Guidance Amid Market Challenges

TT Electronics reported a stable trading period from July to October 2025, with revenue reaching £150.4 million, aligning with board expectations. Despite strong performance in European businesses, the company faces challenges in the EMS and Components markets due to macroeconomic uncertainties. The board maintains its full-year profit guidance but highlights the need for improved performance in the final months of 2025 to meet targets, particularly due to the closure of the Plano site. Looking ahead, TT Electronics anticipates 2026 trading to mirror 2025 levels, excluding one-time benefits, and is planning cost actions to address ongoing market uncertainties.

TT Electronics Favors Cicor Offer Over DBAY’s Proposals

TT Electronics plc, a company involved in the electronics industry, has been the subject of acquisition interest from DBAY Advisors Limited, which made three unsolicited all-cash proposals to acquire TT. However, the Board of TT Electronics has rejected these offers, citing a more favorable offer from Cicor Technologies Ltd., which is 19% higher than DBAY’s latest proposal. The Board believes that the Cicor Offer aligns better with its goal of maximizing shareholder value.

TT Electronics Reports Mixed H1 2025 Results Amid Operational Turnaround

TT Electronics reported its interim results for the first half of 2025, highlighting strong performance in Europe driven by growth in Aerospace & Defence, while facing challenges in North America and order delays in Asia. The company is undergoing an operational turnaround, including the closure of its Plano site and a strategic review of its components business. Despite a 6% organic revenue decline, TT Electronics achieved a 135% cash conversion and reduced net debt. The company expects improved profitability in the second half, aligning with market expectations.