TT Electronics (TTG) AI Stock Analysis

• Market Cap: £199.43M
• Dividend Yield: N/A
• Average Volume (3M): 416.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• 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: 178,648,790
• 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: £122.50
• Price Target Upside: 9.38% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: 113.00p ▲(0.89% 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 generation / deleveraging

Very strong cash conversion and material net debt reduction provide durable financial flexibility. High cash conversion supports ongoing restructuring, funds capex or R&D, and reduces refinancing risk, helping the company navigate cyclical demand while restoring balance sheet strength.

European margin recovery

Sustained margin improvement in Europe reflects favorable product mix and operational efficiencies that are likely structural. Higher operating margins indicate the business can extract more value from sales, creating a platform for earnings resilience and funding investment in growth markets.

Aerospace & Defense demand

Robust demand in Aerospace & Defense is a structural tailwind given long lead times and defense spending patterns. Strong order intake supports multi-year revenue visibility, higher utilization of specialized capabilities, and strengthens the company's position in high-margin, mission-critical niches.

Negative Factors

Sustained revenue decline

Material multi-period revenue decline undermines scale economics and fixed-cost absorption. Persistent top-line contraction pressures margins and limits ability to invest in R&D or commercial expansion, making recovery dependent on structural demand improvement or successful portfolio changes.

Negative profitability and equity erosion

Negative ROE and falling equity indicate the company is destroying shareholder capital, limiting strategic options. Sustained losses erode reserves, reduce capacity for organic investment or M&A, and increase reliance on debt or equity raises that dilute existing holders and constrain long-term growth.

Regional operational weaknesses

Persistent underperformance in North America and Asia signals structural execution and market access issues. Loss-making sites and order delays raise the cost base, complicate the turnaround, and create regional volatility that undermines global recovery plans unless addressed through durable operational change.

TT Electronics Business Overview & Revenue Model

Company Description

TT Electronics plc provides engineered electronics for performance critical applications in the automation and electrification, healthcare, and aerospace and defense markets worldwide. The company operates through three divisions: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components. The Power and Connectivity division designs and manufactures power application products and connectivity devices, which enable the capture and wireless transfer of data. This segment collaborates with customers for developing solutions to optimize their electronic systems. The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for its product divisions and to customers that require a lower volume and higher mix of various products. This segment manufactures integrated product assemblies, as well as provides designing testing solutions and value-engineering services. The Sensors and Specialist Components division works with customers to develop standard and customized solutions, including sensors and power management devices. Its solutions enhance the precision, speed, and reliability of critical aspects of its customers' applications. The company offers its products and services under the AB Connectors, Aero Stanrew, BI Technologies, IRC, OPTEK Technology, Precision, Power Partners, PowerPax, Stontronics, Torotel, Semelab, Welwyn, and Roxspur Measurement & Control brands. The company was formerly known as TT Group plc and changed its name to TT Electronics plc in 2000. TT Electronics plc was incorporated in 1906 and is headquartered in Woking, the United Kingdom.

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: 112.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 Negative. The current price of 112 is below the 20-day moving average (MA) of 116.24, below the 50-day MA of 129.36, and above the 200-day MA of 104.25, indicating a neutral trend. The MACD of -3.85 indicates Negative momentum. The RSI at 40.46 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 is Neutral, 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
DSCV	77 Outperform	£580.57M	22.40	8.49%	2.09%	0.49%	61.73%
KMK	76 Outperform	£68.79M	17.80	7.39%	―	36.61%	―
RSW	74 Outperform	£2.70B	32.22	9.15%	2.12%	3.15%	-13.57%
JDG	69 Neutral	£384.43M	34.91	12.24%	1.89%	5.46%	-26.44%
GHH	67 Neutral	£167.55M	45.13	3.13%	2.19%	10.66%	21.19%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TTG	54 Neutral	£199.43M	-2.85	-31.42%	―	-16.33%	-448.12%

TT Electronics Corporate Events

TT Electronics Takeover by Cicor Collapses as Shareholders Reject Scheme

TT Electronics’ proposed cash-and-share acquisition by Switzerland’s Cicor Technologies has collapsed after shareholders failed to back the scheme of arrangement at court and general meetings, with support falling below the required approval thresholds despite a revised “final” offer. With the takeover now lapsed, TT will remain independent, Chairman Warren Tucker has announced his intention to step down after the May AGM as the board consults major investors on strategy, while management reaffirmed guidance that 2025 adjusted operating profit should be at least in line with prior expectations of £33.7m and left 2026 profit guidance unchanged, underscoring a focus on delivering its standalone plan amid ongoing near-term trading headwinds but anticipated medium-term recovery.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Confirms Total Voting Rights at Year-End 2025

TT Electronics has confirmed that, as of 31 December 2025, it has 178,648,793 ordinary shares of 25p in issue, each carrying voting rights, with no shares held in treasury, establishing the company’s total voting rights at the same figure. The company noted that this total should be used by shareholders and other market participants as the denominator when assessing whether they must notify their holdings or changes in holdings under the FCA’s Disclosure and Transparency Rules, reinforcing transparency and regulatory compliance around its shareholder base.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Further Delays Shareholder Votes on Cicor Takeover to January

TT Electronics has confirmed a further adjournment of its shareholder Court Meeting and General Meeting to 7 January 2026, as the board seeks additional time to engage with investors on the recommended acquisition by Switzerland’s Cicor Technologies. Under the agreed final terms, TT shareholders may elect either a cash consideration of 150 pence per share or receive new Cicor shares via a share alternative, with the transaction to be implemented through a UK scheme of arrangement, leaving the overall timetable for completion unchanged at this stage and underscoring continued progress toward TT’s takeover despite extended shareholder consultation.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Further Delays Shareholder Vote on Cicor Takeover to January

TT Electronics has further postponed shareholder meetings to vote on its agreed takeover by Switzerland’s Cicor Technologies, pushing the court and general meetings from 22 December 2025 to 7 January 2026 to allow more time to engage with investors following a recent announcement by DBAY Advisors. The adjournment extends the timetable for the recommended cash-and-share acquisition, under which TT shareholders can elect either a 150p-per-share all-cash option or a share alternative in Cicor, and underscores the importance of securing broad shareholder support for the court-sanctioned scheme of arrangement that will determine the future ownership and strategic direction of the company.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics to Be Acquired by Cicor Technologies in a Strategic Agreement

TT Electronics has announced that it will be acquired by Cicor Technologies Ltd. through a cash and share acquisition agreement. The acquisition will be implemented via a scheme of arrangement under UK law, with meetings to finalize shareholder elections and approvals postponed to December 22, 2025. This move represents a significant consolidation step in the electronics sector, providing TT shareholders options for cash or equity in the combined entity, potentially enhancing financial stability and growth opportunities within the market.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Reschedules Shareholder Meetings Amid Cicor Acquisition

TT Electronics has announced an adjournment of its Court Meeting and General Meeting regarding its acquisition by Cicor Technologies, initially scheduled for 17 December 2025, now rescheduled to 22 December 2025. This decision allows more time for shareholder engagement, and the TT Directors continue to unanimously recommend the revised cash and share offer from Cicor, deemed fair and reasonable by financial advisers.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £134.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

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.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £137.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

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.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £95.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.