Flex Ltd. (FLEX) vs TTM Technologies, Inc. (TTMI)

Flex Ltd. and TTM Technologies, Inc. are both Electronic Components companies. Flex Ltd. is the larger, with a market value of $42.0B against $13.6B — 3.1× the size. Flex Ltd. trades at the lower P/E: 44.3× against 56.7×. TTM Technologies, Inc. grew revenue faster over the last twelve months: 27.6% against 12.3%. TTM Technologies, Inc. has the higher net margin (7.01% vs 3.32%) and the lower return on invested capital (8.70% vs 11.5%). Across the 21 metrics below, Flex Ltd. leads on 11 and TTM Technologies, Inc. on 10.

Valuation

Metric FLEX TTMI Electronic Components median
P/E 44.28 56.65 39.06
P/S 1.43 3.99 3.22
P/B 7.63 6.96 3.30
Price to free cash flow 50.39 n/m 26.65
EV/EBITDA 22.40 28.48 19.69
EV/Sales 1.54 4.13 3.53
Earnings yield 2.26% 1.77% 1.34%
Free cash flow yield 1.98% (0.02%) 0.40%

Profitability

Metric FLEX TTMI Electronic Components median
Gross margin 9.37% 21.19% 33.21%
Operating margin 4.95% 9.89% 3.53%
Net margin 3.32% 7.01% 2.57%
Free cash flow margin 2.85% (0.08%) 0.20%
Return on equity 18.38% 13.26% 2.60%
Return on assets 4.39% 5.92% 2.50%
Return on invested capital 11.49% 8.70% 2.28%

Growth

Metric FLEX TTMI Electronic Components median
Revenue growth (TTM) 12.25% 27.59% 12.01%
EPS growth (last fiscal year) 10.43% 211.11% —
Revenue growth, 5-year CAGR 2.96% 6.66% 7.19%
Net income growth, 5-year CAGR 7.50% (0.01%) 0.00%

Health

Metric FLEX TTMI Electronic Components median
Debt to equity 0.95 0.50 0.16
Current ratio 1.38 1.78 2.41
Net debt to EBITDA 0.71 1.00 0.32

Dividend

Metric FLEX TTMI Electronic Components median
Dividend yield 0.00% — 1.18%
Payout ratio 0.00 0.00 0.00

Size

Metric FLEX TTMI Electronic Components median
Market cap 42.00b 13.58b 780.25m

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