Loading…
Employees: 3,646
Size TT Electronics (TTG.L) is a United Kingdom Information Technology company (Electronic Components) with a market value of $419M, the 317th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £174.40 on 6 Nov 2026.
Performance Over six months the shares gained 50.3%, against -32.0% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 2.7% over the last twelve months (peer median +18.4%); the operating margin is 6.7% (peer median 3.7%).
Valuation It trades at 14.6× forward earnings against a peer median of 14.0× (5th most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.2 points below its cost of capital (11.8% WACC).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £472M | £481M | £521M | £614M | £617M |
| Revenue growth | — | -8% | -15% | -1% | — |
| Gross profit | £121M | £109M | £108M | £140M | £133M |
| EBITDA | £45.2M | £47.5M | £46.1M | £22.3M | £60.7M |
| Net income | -£36.8M | -£50.6M | -£53.4M | -£11.3M | -£13.2M |
| Free cash flow | £26.8M | £34.2M | £33.7M | £30.0M | -£6.20M |
| Capital expenditure | £11.0M | £9.20M | £9.20M | £24.5M | £14.3M |
| Total debt | n/a | £103M | £167M | £201M | £203M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TTG.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.6% | -24.0% | 2nd highest of 21 |
| 6-month return | +50.3% | -32.0% | 2nd highest of 21 |
| Distance from 52-week high | -12.4% | -49.9% | highest of 21 |
| Revenue growth (TTM) | -2.7% | +18.4% | 3rd lowest of 21 |
| Operating margin | 6.7% | 3.7% | 9th highest of 21 |
| Forward P/E | 14.6× | 14.0× | 5th most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | 6.7% | 4th most demanding of 9 |
| Growth delivered (Del g) | +2.2% | +5.6% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | +7.7 pp | -1.8 pp | 4th most demanding of 9 |
| ROIC minus cost of capital | -1.2 pp | -2.3 pp | 10th highest of 20 |
| EV / EBITDA | 8.4× | 10.7× | 4th cheapest of 11 |
| Net debt / EBITDA | 1.5× | 0.8× | 5th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TT Electronics TTG.L | United Kingdom | $419M | +50% | -3% | 7% | 14.6× | 9.9% | +2.2% |
| Hi-Trend Technology (Shanghai) 688391.SS | China | $418M | -23% | +4% | -4% | n/a | 4.9% | +7.3% |
| Allied Circuit 8155.TWO | Taiwan | $416M | -52% | +33% | 14% | 12.2× | n/a | n/a |
| APAQ Technology 6449.TW | Taiwan | $414M | -13% | +23% | 18% | 14.7× | n/a | n/a |
| Jinlong Machinery & Electronic 300032.SZ | China | $411M | -35% | -18% | -4% | n/a | 12.4% | -2.0% |
| Alltop Technology 3526.TWO | Taiwan | $428M | -40% | +19% | 31% | 8.3× | -7.5% | +12.9% |
| Shenzhen King Brother Electronics Technology 301041.SZ | China | $430M | -10% | +18% | 5% | n/a | 22.5% | +3.9% |
| Youngpoong 000670.KS | South Korea | $406M | -54% | +40% | -2% | n/a | -14.5% | -1.8% |
| LS Materials 417200.KS | South Korea | $442M | -70% | +20% | 0% | 45.5× | n/a | n/a |
| Vinatech Co 126340.KS | South Korea | $395M | -56% | +66% | 2% | n/a | n/a | n/a |
| Shanghai Laimu Electronics 603633.SS | China | $394M | -26% | +2% | -12% | 19.9× | n/a | n/a |
| Beijing JCZ Technology 688291.SS | China | $452M | -30% | +12% | 1% | 29.5× | n/a | n/a |
| Ta-I Technology 2478.TW | Taiwan | $388M | +16% | +8% | 14% | n/a | 13.2% | +0.1% |
| Senseonics SENS | United States | $454M | +71% | +91% | -223% | n/a | n/a | n/a |
| Methode Electronics MEI | United States | $384M | +12% | +1% | 1% | n/a | n/a | n/a |
| First Hi-tec Enterprise 5439.TWO | Taiwan | $458M | -60% | +93% | 17% | 8.3× | -5.0% | +31.1% |
| TLB 356860.KS | South Korea | $460M | -34% | +43% | 13% | 14.0× | n/a | n/a |
| Spirox 3055.TW | Taiwan | $377M | +47% | +4% | -55% | n/a | n/a | n/a |
| Singatron Electronic (China) 301329.SZ | China | $372M | -35% | +37% | 5% | n/a | n/a | n/a |
| Korea Electric Terminal 025540.KS | South Korea | $369M | -45% | -4% | 8% | 5.1× | n/a | n/a |
| Jiangsu Xiehe Electronic 605258.SS | China | $476M | -2% | +1% | 7% | n/a | 8.6% | +9.7% |