Corning Incorporated (GLW) vs TTM Technologies, Inc. (TTMI)

Corning Incorporated and TTM Technologies, Inc. are both Electronic Components companies. Corning Incorporated is the larger, with a market value of $89.1B against $6.6B — 13.6× the size. TTM Technologies, Inc. trades at the lower P/E: 24.7× against 40.5×. TTM Technologies, Inc. grew revenue faster over the last twelve months: 37.6% against 18.8%. Corning Incorporated has the higher net margin (12.1% vs 7.01%) and the lower return on invested capital (9.15% vs 9.44%). Across the 22 metrics below, Corning Incorporated leads on 13 and TTM Technologies, Inc. on 9.

Valuation

Metric GLW TTMI Electronic Components median
P/E 40.49 24.70 24.82
P/S 5.08 1.75 2.28
P/B 6.30 3.28 2.86
Price to free cash flow 36.55 226.81 22.99
EV/EBITDA 21.67 12.74 14.69
EV/Sales 5.40 1.95 2.38
Earnings yield 2.47% 4.05% 2.68%
Free cash flow yield 2.74% 0.44% 1.70%

Profitability

Metric GLW TTMI Electronic Components median
Gross margin 36.46% 22.22% 32.78%
Operating margin 16.48% 11.09% 4.90%
Net margin 12.13% 7.01% 3.46%
Free cash flow margin 13.89% 0.77% 1.66%
Return on equity 16.35% 14.34% 5.59%
Return on assets 6.71% 5.78% 4.13%
Return on invested capital 9.15% 9.44% 4.66%

Growth

Metric GLW TTMI Electronic Components median
Revenue growth (TTM) 18.80% 37.56% 13.94%
EPS growth (last fiscal year) 215.52% 211.11% 35.44%
Revenue growth, 5-year CAGR 6.70% 6.66% 6.70%
Net income growth, 5-year CAGR 30.98% (0.01%) 7.53%

Health

Metric GLW TTMI Electronic Components median
Debt to equity 0.57 0.80 0.11
Current ratio 1.72 1.67 2.50
Net debt to EBITDA 1.91 1.00 0.41

Dividend

Metric GLW TTMI Electronic Components median
Dividend yield 1.07% — 1.10%
Payout ratio 0.44 — 0.28

Size

Metric GLW TTMI Electronic Components median
Market cap 89.09b 6.56b 1.16b

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