TT Electronics (TTG) AI Stock Analysis

• Market Cap: £199.19M
• Dividend Yield: 6.15%
• Average Volume (3M): 382.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.74
• Revenue Growth: -15.12%
• EPS Growth: -690.29%
• Country: UK
• Employees: 3,901
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.34
• Shares Outstanding: 178,119,250
• 10 Day Avg. Volume: 520,279
• 30 Day Avg. Volume: 382,560
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: £91.25
• Price Target Upside: -18.67% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 55 Neutral
• Price Target: 108.00p ▼(-3.74% Downside)

The overall stock score is primarily influenced by financial performance challenges, with declining revenues and profitability issues being significant concerns. Technical analysis provides a more positive outlook with bullish momentum indicators. Valuation is mixed, with a negative P/E ratio but a high dividend yield. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

Cash Generation

Strong cash generation indicates effective cash management, providing a buffer against profitability challenges and supporting operational needs.

Operational Efficiency

Improved EBIT margin reflects better cost control and operational efficiency, which can enhance profitability over time despite revenue pressures.

Stable Income Base

Long-term contracts provide a stable income base, reducing revenue volatility and enhancing financial predictability in key sectors.

Negative Factors

Declining Revenue

Declining revenue indicates challenges in market demand or competitive positioning, which could hinder growth and profitability if not addressed.

Profitability Issues

Negative net profit margin highlights profitability challenges, which can strain financial resources and limit reinvestment opportunities.

Decreasing Equity

Decreasing equity suggests potential financial instability, reducing the company's ability to absorb losses and impacting investor confidence.

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 through multiple streams, primarily by selling its products and services to OEMs (Original Equipment Manufacturers) and end-users in its targeted industries. The company’s key revenue streams include the sale of electronic components, such as sensors and connectivity solutions, as well as custom-designed systems that cater to specific customer needs. Additionally, TTG benefits from long-term contracts and partnerships with major players in sectors like aerospace and defense, which provide a stable income base. The company's ability to innovate and adapt to technological advancements also contributes to its earnings, as it continues to develop new products that meet the evolving demands of its customers.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	521.10M	613.90M	617.00M	476.20M	431.80M
Gross Profit	109.70M	147.00M	135.50M	115.60M	99.10M
EBITDA	-5.50M	31.40M	20.90M	41.50M	28.30M
Net Income	-53.40M	-6.80M	-13.20M	12.80M	1.30M
Balance Sheet
Total Assets	512.30M	655.10M	707.20M	671.40M	572.80M
Cash, Cash Equivalents and Short-Term Investments	69.20M	74.10M	65.00M	68.30M	70.20M
Total Debt	166.60M	201.30M	203.40M	170.80M	154.10M
Total Liabilities	317.40M	384.60M	410.20M	341.40M	274.80M
Stockholders Equity	194.90M	270.50M	297.00M	328.00M	296.00M
Cash Flow
Free Cash Flow	33.70M	38.40M	-1.60M	-2.70M	14.80M
Operating Cash Flow	40.60M	62.90M	12.70M	14.30M	28.20M
Investing Cash Flow	3.50M	-27.60M	-22.30M	-8.20M	-51.90M
Financing Cash Flow	-51.80M	-19.60M	400.00K	-8.90M	33.40M

TT Electronics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 112.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TTG, the sentiment is Positive. The current price of 112.2 is above the 20-day moving average (MA) of 102.11, above the 50-day MA of 100.09, and above the 200-day MA of 93.74, indicating a bullish trend. The MACD of 2.54 indicates Negative momentum. The RSI at 63.53 is Neutral, neither overbought nor oversold. The STOCH value of 93.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TTG.

TT Electronics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDI	76 Outperform	100.89M	25.33	8.03%	―	0.50%	-6.16%
SRT	66 Neutral	198.46M	―	0.00%	―	0.00%	0.00%
GHH	56 Neutral	149.67M	27.49	-5.88%	2.39%	1.74%	359.50%
TTG	55 Neutral	£199.19M	―	-22.95%	6.15%	-15.12%	-690.29%
SOLI	55 Neutral	96.33M	188.89	0.83%	1.47%	-23.42%	-94.25%
JDG	54 Neutral	420.21M	38.17	11.97%	1.65%	5.46%	-26.44%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

TT Electronics Corporate Events

TT Electronics Announces Total Voting Rights Update

TT Electronics, a company with a focus on electronics, has announced that as of August 31, 2025, it has a total of 178,119,248 ordinary shares in issue, each carrying voting rights. The company has no shares held in treasury, meaning the total number of voting rights is also 178,119,248. This information is crucial for shareholders and others with notification obligations to determine if they need to notify their interest or changes in their interest in the company.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £100.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Appoints Eric Lakin as CEO

TT Electronics has appointed Eric Lakin as its Chief Executive Officer, following an extensive search process. Lakin, who has been acting CEO since April 2025, is recognized for his leadership and sector experience, and is expected to focus on stabilizing and turning around the company to meet stakeholder expectations.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Appoints New Corporate Broker

TT Electronics has appointed Joh. Berenberg, Gossler & Co KG, London Branch, as its sole corporate broker, effective immediately. This strategic move is expected to enhance TT Electronics’ market positioning and streamline its investor relations, potentially benefiting stakeholders by fostering stronger financial partnerships.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.

TT Electronics Reports Revenue Decline and Strategic Business Adjustments

TT Electronics reported a 5.5% decline in group revenue for the first five months of 2025, with strong performance in Europe offset by challenges in Asia and North America. The company is progressing with a strategic review of its Components business, which includes closing its Plano, Texas operations due to previous losses. The Aerospace and Defence sector remains robust, and the company expects adjusted operating profit to align with previous guidance, despite potential leverage exceeding 2x by June 2025. TT Electronics is focused on operational improvements and efficiency to maximize shareholder value.

The most recent analyst rating on (GB:TTG) stock is a Hold with a £85.00 price target. To see the full list of analyst forecasts on TT Electronics stock, see the GB:TTG Stock Forecast page.