Tt Electronics (TTG)

Company name:	Tt Electronics Plc
EPIC:	TTG	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB0008711763
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.ttgroup.co.uk/	Description:	ORD 25P
Industry Sector:	ELECTRONIC & ELECTRICAL EQUIPMENT

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
237.50	1.5 [0.64]	236.50	238.00	237.00	238.50	235.00	133,143
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
418.52	176.22	0.08	0.80	4.70	296.88	1.98	282.00 - 157.00

Tt Electronics Key Figures

(at previous day's close)
Market Cap.	418.52	m
Shares In Issue	176.22	m
Prev. Close	236.00
PE Ratio	296.88
Dividend Yield	1.98	%
EPS - basic	0.80	p
Dividend PS	4.70	p
Dividend Cover	0.17
Cash Flow PS	16.00	p
Return On Equity (ROE)	0.44	%
Operating Margin	0.67	%
PEG Factor	-3.21
EPS Growth Rate	-92.45	%
Dividends PS Growth Rate	123.81	%
Net Debt	204.60	m
Gross Gearing	47.97	%
Quick Assets	152.20	m
Net Working Capital	139.10	m
Intangibles / Fixed Assets	70.22	%
Turnover PS	245.04	p
Pre-Tax Profit PS	1.65	p
Retained Profit PS	0.74	p
Cash PS	39.84	p
Net Cash PS	-23.32	p
Net Tangible Asset Value PS *	39.50	p
Net Asset Value PS	169.11	p
Spread	1.50 (0.63%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Tt Electronics Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	240.00	229.00
4 weeks	253.00	206.00
12 weeks	253.00	196.00
1 year	282.00	157.00

Share Price Chart (5 years)

Tt Electronics Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	233.50	4.00	1.71	229.00	1.26		231.60
4 weeks	208.00	29.50	14.18	206.00	0.88		229.33
12 weeks	220.00	17.50	7.95	196.00	0.55		217.53
26 weeks	201.00	36.50	18.16	187.50	0.47		211.51
1 year	162.00	75.50	46.60	157.00	0.42		208.97
3 years	220.00	17.50	7.95	140.00	0.33		218.47
5 years	156.00	81.50	52.24	7.77	0.26		211.66
† periods calculated are whole weeks rather than calendar months

Tt Electronics Key Management Ratios

Tt Electronics Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	23.76
PE Ratio	296.88
Tobin's Q Ratio	0.76
Tobin's Q Ratio (excl. intangibles)	1.24
Dividend Yield	1.98	%
Market-to-Book Ratio	1.41
Price-to-Pre-Tax Profit PS	144.32
Price-to-Retained Profit PS	321.94
Price-to-Cash Flow PS	14.84
Price-to-Sales PS	0.97
Price-to-Net Tangible Asset Value PS	5.85
Price-to-Cash PS	5.96
Net Working Capital PS	78.94
Price Pct to Working Capital PS	3.01	%
Earnings Yield	0.34	%
Average PE	79.70
Years in average	4
PE to PE average	372.50	%

Tt Electronics Financial Ratios

(Leverage Ratios)
Debt Ratio	35.43	%
Debt-to-Equity Ratio	0.55
Debt-to-Equity Ratio (excl. Intgbl)	2.28
Debt-to-Equity Market Value	0.39
Net Gearing	35.72	%
Net Gearing (excl. Intangibles)	59.06	%
Gross Gearing	47.97	%
Gross Gearing (excl. Intangibles)	79.33	%
Gearing Under 1 Year	19.43	%
Gearing Under 1 Year (excl. Intgbl)	32.13	%
Assets/Equity	1.92
Cash/Equity	23.56
(Liquidity Ratios)
Net Working Capital to Total Assets	24.28	%
Current Ratio	2.25
Quick Ratio (Acid Test)	1.37
Liquidity Ratio	0.63
Cash & Equiv/Current Assets	28.04	%
(Solvency Ratios)
Enterprise Value	513.82	m
CFO/Sales	0.07
CFO/Attributable Profit	21.69
CFO/Assets	0.05
CFO/Debt	0.10
Total Debt/Equity Market Value	0.66
Total Debt/Sales	0.64
Total Debt/Pre-Tax Profit	94.76
Total Debt	274.80	m
Total Debt/Net Current Assets	1.98	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	13

Beta (60-Mnth)	Beta (36-Mnth)
0.0800	0.0725

Tt Electronics Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	0.63	%
Return On Assets (ROA)	0.24	%
Net Profit Margin	0.30	%
Assets Turnover	0.79
Return On Equity (ROE)	0.44	%
Return On Investment (ROI)	0.30	%
Dividend Payout Ratio	587.50	%
Plowback Ratio	-487.50	%
Growth from Plowback Ratio	-2.25	%
Net Income Of Revenues	0.30	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.53
Fixed Assets Turnover	1.45
Current Assets Turnover	1.71
Net Working Capital Turnover
Inventory Turnover	4.30
(Other Operating Ratios)
Total Assets-to-Sales	1.27
Debtors-to-Sales	19.96	%
Debt Collection Period	72.86	Days

Tt Electronics Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
10 Mar 2021	Final	GBX	4.70	31/12/2019	31/12/2020	29/04/2021	30/04/2021	21/05/2021	4.70
07 Aug 2019	Interim	GBX	2.10	31/12/2018	31/12/2019	26/09/2019	27/09/2019	17/10/2019	2.10
06 Mar 2019	Final	GBX	4.55	31/12/2017	31/12/2018	25/04/2019	26/04/2019	17/05/2019	6.50
08 Aug 2018	Interim	GBX	1.95	31/12/2017	31/12/2018	04/10/2018	05/10/2018	18/10/2018	-
08 Mar 2018	Final	GBX	4.05	31/12/2016	31/12/2017	26/04/2018	27/04/2018	18/05/2018	5.80
11 Aug 2017	Interim	GBX	1.75	31/12/2016	31/12/2017	05/10/2017	06/10/2017	19/10/2017	-
09 Mar 2017	Final	GBX	3.90	31/12/2015	31/12/2016	18/05/2017	19/05/2017	02/06/2017	5.60
11 Aug 2016	Interim	GBX	1.70	31/12/2015	31/12/2016	06/10/2016	07/10/2016	20/10/2016	-
10 Mar 2016	Final	GBX	3.80	31/12/2014	31/12/2015	19/05/2016	20/05/2016	02/06/2016	5.50
20 Aug 2015	Interim	GBX	1.70	31/12/2014	31/12/2015	15/10/2015	16/10/2015	29/10/2015	-
12 Mar 2015	Final	GBX	3.80	31/12/2013	31/12/2014	21/05/2015	22/05/2015	04/06/2015	5.50
19 Aug 2014	Interim	GBX	1.70	31/12/2013	31/12/2014	15/10/2014	17/10/2014	30/10/2014	-
13 Mar 2014	Final	GBX	3.80	31/12/2012	31/12/2013	21/05/2014	23/05/2014	05/06/2014	5.40
20 Aug 2013	Interim	GBX	1.60	31/12/2012	31/12/2013	16/10/2013	18/10/2013	31/10/2013	-
14 Mar 2013	Final	GBX	3.50	31/12/2011	31/12/2012	15/05/2013	17/05/2013	30/05/2013	5.00
22 Aug 2012	Interim	GBX	1.50	31/12/2011	31/12/2012	17/10/2012	19/10/2012	01/11/2012	-
15 Mar 2012	Final	GBX	3.20	31/12/2010	31/12/2011	23/05/2012	25/05/2012	08/06/2012	4.40
24 Aug 2011	Interim	GBX	1.20	31/12/2010	31/12/2011	19/10/2011	21/10/2011	03/11/2011	-
17 Mar 2011	Final	GBX	2.00	31/12/2009	31/12/2010	25/05/2011	27/05/2011	09/06/2011	2.80
19 Aug 2010	Interim	GBX	0.80	31/12/2009	31/12/2010	13/10/2010	15/10/2010	28/10/2010	-
16 Mar 2009	Final	GBX	-	31/12/2007	31/12/2008	-	-	-	3.69
27 Aug 2008	Interim	GBX	3.69	30/12/2007	30/06/2008	15/10/2008	17/10/2008	23/10/2008	3.69
14 Apr 2008	Final	GBX	6.36	31/12/2006	31/12/2007	14/05/2008	16/05/2008	23/05/2008	10.05
10 Sep 2007	Interim	GBX	3.69	30/12/2006	30/06/2007	17/10/2007	19/10/2007	25/10/2007	-
19 Mar 2007	Final	GBX	6.36	31/12/2005	31/12/2006	16/05/2007	18/05/2007	25/05/2007	10.05
11 Sep 2006	Interim	GBX	3.69	30/12/2005	30/06/2006	18/10/2006	20/10/2006	26/10/2006	-
28 Mar 2006	Final	GBX	6.36	31/12/2004	31/12/2005	17/05/2006	19/05/2006	26/05/2006	10.05
13 Sep 2005	Interim	GBX	3.69	30/12/2004	30/06/2005	19/10/2005	21/10/2005	27/10/2005	-
21 Mar 2005	Final	GBX	6.36	31/12/2003	31/12/2004	18/05/2005	20/05/2005	27/05/2005	10.05
16 Sep 2004	Interim	GBX	3.69	30/12/2003	30/06/2004	20/10/2004	22/10/2004	28/10/2004	-
30 Mar 2004	Final	GBX	6.36	31/12/2002	31/12/2003	19/05/2004	21/05/2004	28/05/2004	10.05
08 Sep 2003	Interim	GBX	3.69	30/12/2002	30/06/2003	15/10/2003	17/10/2003	30/10/2003	-
18 Mar 2003	Final	GBX	6.36	31/12/2001	31/12/2002	14/05/2003	16/05/2003	29/05/2003	10.05
09 Sep 2002	Interim	GBX	3.69	30/12/2001	30/06/2002	16/10/2002	18/10/2002	31/10/2002	-
26 Mar 2002	Final	GBX	6.36	31/12/2000	31/12/2001	15/05/2002	17/05/2002	30/05/2002	10.05
11 Sep 2001	Interim	GBX	3.69	30/12/2000	30/06/2001	10/10/2001	12/10/2001	25/10/2001	-
26 Mar 2001	Final	GBX	6.36	31/12/1999	31/12/2000	09/05/2001	11/05/2001	24/05/2001	10.05
12 Sep 2000	Interim	GBX	3.69	30/12/1999	30/06/2000	09/10/2000	13/10/2000	26/10/2000	-
27 Mar 2000	Final	GBX	6.10	31/12/1998	31/12/1999	08/05/2000	12/05/2000	25/05/2000	9.79
14 Sep 1999	Interim	GBX	3.69	30/12/1998	30/06/1999	11/10/1999	15/10/1999	28/10/1999	-
22 Mar 1999	Final	GBX	6.10	31/12/1997	31/12/1998	10/05/1999	14/05/1999	27/05/1999	9.79
15 Sep 1998	Interim	GBX	3.69	30/12/1997	30/06/1998	12/10/1998	16/10/1998	29/10/1998	-
23 Mar 1998	Final	GBX	5.54	31/12/1996	31/12/1997	27/04/1998	01/05/1998	21/05/1998	8.76

Tt Electronics Fundamentals

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
turnover	360.00	100.00%	429.50	100.00%	478.20	100.00%	431.80	100.00%	m
pre tax profit	17.70	4.92%	14.60	3.40%	15.10	3.16%	2.90	0.67%	m
attributable profit	47.70	13.25%	13.40	3.12%	17.30	3.62%	1.30	0.30%	m
retained profit	38.60	10.72%	3.70	0.86%	6.40	1.34%	1.30	0.30%	m
eps - basic (p)	-		8.30		10.60		0.80
eps - diluted (p)	-		8.10		10.40		0.80
dividends per share	5.80		6.50		2.10		4.70

Tt Electronics Balance Sheet

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)


	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
ASSETS
fixed assets	41.80	11.46%	51.70	10.53%	51.10	9.70%	53.00	9.25%	m
intangibles	127.60	35.00%	192.90	39.30%	200.20	38.00%	226.40	39.53%	m
fixed investments	16.70	4.58%	25.30	5.15%	22.10	4.20%	43.00	7.51%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	59.10	16.21%	96.40	19.64%	102.80	19.51%	98.20	17.14%	m
debtors	72.90	19.99%	83.90	17.09%	90.40	17.16%	82.00	14.32%	m
cash & securities	46.50	12.75%	40.60	8.27%	60.20	11.43%	70.20	12.26%	m

TOTAL	364.60	100%	490.80	100%	526.80	100%	572.80	100%	m

LIABILITIES
creditors - short	90.20	24.74%	116.10	23.66%	123.00	23.35%	111.30	19.43%	m
creditors - long	5.60	1.54%	95.20	19.40%	134.90	25.61%	163.50	28.54%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	95.80	26.28%	211.30	43.05%	257.90	48.96%	274.80	47.97%	m

EQUITY
ord cap, reserves	266.80	73.18%	277.50	56.54%	266.90	50.66%	296.00	51.68%	m
prefs, minorities	2.00	0.55%	2.00	0.41%	2.00	0.38%	2.00	0.35%	m

TOTAL	268.80	73.72%	279.50	56.95%	268.90	51.04%	298.00	52.03%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Tt Electronics Cash Flow Statement

	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)
Operating CF	29.30	25.10	35.90	28.20	m
Pre-Financing CF	119.20	-59.10	14.30	-23.70	m
Retained CF	-2.80	-6.40	21.60	9.70	m

Tt Electronics Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Jefferies International Ltd	Market Maker(MME)	Broker/Dealer	JEFF	JEFFGB2X
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Shore Capital Stockbrokers Ltd	Market Maker(MME)	Broker/Dealer	SCAP	SHOCGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC