Discounted Cash Flow

TTM Technologies Inc.

TTMI · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $2.5b $34.9m $213.2m 1.4% $0.35
2017 $2.5b (0.0%) $34.9m (0.0%) $213.2m (0.0%) 1.4% (0.0%) $0.35 (0.0%)
2018 $2.8b (12.4%) $173.6m (397.9%) $182.6m (-14.3%) 6.1% (343.0%) $1.68 (380.0%)
2019 $2.7b (-5.5%) $41.3m (-76.2%) $169.4m (-7.3%) 1.5% (-74.8%) $0.39 (-76.8%)
2020 $2.1b (-21.7%) $177.5m (329.9%) $-63.8m (-137.7%) 8.4% (449.1%) $1.67 (328.2%)
2021 $2.2b (6.8%) $54.4m (-69.4%) $94.7m (248.3%) 2.4% (-71.3%) $0.51 (-69.5%)
2022 $2.5b (11.0%) $94.6m (73.8%) $73.7m (-22.1%) 3.8% (56.7%) $0.93 (82.4%)
2023 $2.5b (0.0%) $94.6m (0.0%) $170.0m (130.5%) 3.8% (0.0%) $0.93 (0.0%)
2024 $2.4b (-2.1%) $56.3m (-40.5%) $1.5m (-99.1%) 2.3% (-39.2%) $0.55 (-40.9%)
2025 $2.9b (19.0%) $177.4m (215.2%) $-683.0k (-144.2%) 6.1% (164.9%) $1.73 (214.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model