NYSE:TTM
$14.75
(2/9 2:43PM)
+1.9%
| Open | $14.58 |
Mkt Cap | $6.5 Billion |
| High | $14.81 |
52Wk High | $18.09 |
| Low | $14.48 |
52Wk Low | $3.05 |
| Volume | 754,802 |
Avg Vol 10D | 1.6 Million |
Ockham's Rating/Recommendation Summary
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TTM Revenue
For a long time, value investors have used the current share price relative to sales per share levels as an important valuation tool. We utilize a historical weighted average methodology that treats recent years more importantly in the calculation. When looking at TTM through this framework, we can see that our weighted average historical high and low Price to Sales per share ratios over the last 8 years are 0.95x and 0.45x respectively.
Utilizing this range we can see that TTM’s current Price to Sales per share ratio of 0.46x is well below its normal historic Price to Sales levels. At a price of $14.28, TTM is 34% below where we would expect to see it. Clearly, this stock looks undervalued compared to historical levels, at least on a Price to Sales basis. This will positively affect our analysis because it is rare to find a stock this far below historical norms, and we would expect some price appreciation to bring this metric back towards a more normal range.
TTM Cash Earnings
When reviewing a company and their prospects for success, it is necessary to analyze their ability to generate positive Cash Earnings. This is a vital component to our analysis, because as a long term investment research firm, there are few factors more closely tied to the valuation of a company as Cash Earnings. In the case of TTM, it appears that either the current estimate for Cash Earnings is negative or TTM is not likely to generate positive Cash Earnings based upon their prior performance in the last several quarters.
Remember that Cash Earnings is not the only way to value a company's potential, but in our analysis it is the most important. Thus, for our analysis TTM receives a negative score from a Cash perspective. At Ockham, we are fond of saying "Cash is King," and in this case the company is not generating any. If a company is not able to generate a profit then there is no reason to invest in them. Unless of course you believe in the story, and hope it will eventually lead to a profitable enterprise.
TTM Dividends
While it is not necessary to pay an attractive dividend or a dividend at all, to receive a positive rating from Ockham, we view dividends as an additionally helpful measure in determining the future potential of any company.
In TTM’s case, the estimated annual dividend is $0.10 resulting in a current dividend yield of 0.70%. Similar to our review of Sales and Cash Earnings per share, we evaluate dividend yields from TTM against the historic high and low levels over the past 8 years. The highest dividend yield from TTM over this period was 11.48% while the lowest dividend yield was 0.00% It is never a good sign for a company to pay significantly lower dividends, in this case 87.80% below the median yield. Although, dividends are a relatively small portion of our analysis framework, we still see this as a negative factor.
Emerging Markets and TTM Covered on Squawk Box
Tata Motors Limited ADR and an emerging market growth strategy were discussed recently on TTM.
We noticed recently that in comparison to all other stocks we analyze in the news; TTM has received less coverage from the financial media in business television and blogs. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey. At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. Due to deterioration in our valuation, we downgraded TTM as of Sunday, January 03, 2010.
“… Also india's TATA MOTORS looking into the car market here in the united states. The nano unveiled at the auto show last night. We have reaction from there and mike jackson. …”
Fast Money: Topics Include Emerging Markets and TTM
News related to emerging markets affecting Tata Motors Limited ADR today, and Fast Money discussed some recent developments.
The Ockham valuation currently has a Fairly Valued stance on TTM because it trades within the price range that we would expect given current market conditions and fundamentals. Take notice of the news on this stock because it is up $1.16 since the close of trading yesterday. Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Tata Motors Limited ADR has actually sunk a bit in comparison to the others.
“… India is the market they're going after and watch toyota, tm, and hmc, honda are the guys -- the global players look to be the strongest aside from TATA MOTORS. …”
See Why Tata Motors Limited ADR News Was Discussed on Power Lunch
The latest news from Power Lunch on TTM is available through Ockham's news analytics platform RazorWire.
Tata Motors Limited ADR receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. We noticed recently that in comparison to all other stocks we analyze in the news; TTM has received less coverage from the financial media in business television and blogs. Crowd sentiment is leaning to the bearish side, according to the robust data set collected by the Motley Fool CAPS survey.
“… if you look at the like of TATA MOTORS and you look at geely and you look at the quote, unquote, asian threat to the automakers, do you buy that or > > …”
First TTM News on Happy Hour in More Than a Month
After a month of relative quiet from TTM, they have appeared back in the news.
Energy shares, petrobras, the big brazilian company, up 3 1/2%. And forest oil up 9%. Also cyclicals. TATA MOTORS up 11%. Smith & wesson up 9%. And dana holds, automotive supply company, they supply parts to the automotive industry, up 8%. Listen to this shot, listen to the words very, very carefully. Listen. >> the president would never make a national security
“… Energy shares, petrobras, the big brazilian company, up 3 1/2%. And forest oil up 9%. Also cyclicals. TATA MOTORS up 11%. Smith & wesson up 9%. …”
Tata Motors Limited ADR (TTM) Discussed on CNBC's Fast Money
Tata Motors Limited ADR is in the news. Find out how this impacts TTM trading on Ockham Research.
Them, ta ta motors. >> this is one of our big trading the globe themes, is the stronger the market on the ground in emerging the better you're seeing even companies like ford. In this case TATA MOTORS, though, india's oerngs we've talked about this name many times, they released their second quarter fiscal numbers which came in 80% above expectations. Because auto loans in india have never been higher. Year-over-year auto sales in india are up 25%. And a company like tata with the nanogram, which is hitting the low end and the first-time buyers in india and also the commercial market is a market
“… any times, they released their second quarter fiscal numbers which came in 80% above expectations. Because auto loans in india have never been higher. Year-over-year auto sales in india are up 25%. And a company like tata with the nanogram, which is hitting the low end and the first-time buyers in india and also the commercial market is a market …”
Tata Motors Limited ADR (TTM) Discussed on Fox Business's Happy Hour
Tata Motors Limited ADR is in the news. Find out how this impacts TTM trading on Ockham Research.
We are back, instead of the mixer we have extra special treat. Giles taylor from jaguar you helped design this car, correct. >> i'm chief diner for xj? >> tell us about the car ford had to sell to TATA MOTORS your model. >> this was designed a year ago. All about beautiful fast cars. Jaguar is famous for grace new xj puts -- grace, pace and beautiful fast cars. That is what jaguar is famous for. Rebecca: you love color of your shoes pause the color of shoes matches intee I don't remember of car. Come inside here and check it out while we talk, what's your inspiration for this car and how much does it >> it's all about sleekness, lowness of profile and power. We have a great range of we have supercharged v-8, five liter, 510 horsepower, puts it 0-60, 4.6 seconds. All light aluminum. Cody: home units you hope to move with a car? What would be successful? >> we like to go above 20,000 units a year. Rebecca: and cost? >> it it will cost in range
“… ll about beautiful fast cars. Jaguar is famous for grace new xj puts -- grace, pace and beautiful fast cars. That is what jaguar is famous for. Rebecca: you love color of your shoes pause the color of shoes matches intee I don't remember of car. Come inside here and check it out while we talk, what's your inspiration for this car and how much does it >> it's all about sleekness, lowness of profile and power. We have a great range of we have supercharged v-8, five liter, 510 horsepower, puts it 0-60, 4.6 seconds. All light aluminum. Cody: home units you hope to move with a car? What would be successful? >> we like to go above 20,000 units a year. Rebecca: and cost? >> it it will cost in range …”
Tata Motors Limited ADR (TTM) Discussed on Fox Business's Money For Breakfast
Tata Motors Limited ADR is in the news. Find out how this impacts TTM trading on Ockham Research.
20% less than workers now. A union vowing to oppose those plans. But the british government applauding the preservation of jobs and a decision to produce a new model at another u.K. Plant. Jaguar land rover a subsidiary of india's TATA MOTORS. Meanwhile european healthcare regulators are recommending two swine flu vaccines for approval clearing the way for mass vaccination programs to start within weeks. The european medicines agency is giving the green light to two swine vaccines, one from u.K. Drugmaker glaxosmithkline. The other from swiss drugmaker novartis. The shots will now go for final approval from the european commission, could come within the next 20 days. Glaxo and novartis shares both up about 1% in early afternoon that's the very latest from back to alexis in new york. Alexis: ashley, thank you very well during this week's united nations general assembly, world leaders have been working to come up with ways to control climate change. Phillips electronics is on board trying to make the world a little bit brighter. It is focusing on infrastructure and buildings of major cities and unveiling an alternative to the 60 watt lightbulb. I'm joined by right now rudy provoost, he is phillips lighting executive vice president and ceo. Good to see you rudy. >> very good morning and pleasure to be here. Alexis: you guys were just at the united nations over the past
“… uropean healthcare regulators are recommending two swine flu vaccines for approval clearing the way for mass vaccination programs to start within weeks. The european medicines agency is giving the green light to two swine vaccines, one from u.K. Drugmaker glaxosmithkline. The other from swiss drugmaker novartis. The shots will now go for final approval from the european commission, could come within the next 20 days. Glaxo and novartis shares both up about 1% in early afternoon that's the very latest from back to alexis in new york. Alexis: ashley, thank you very well during this week's united nations general assembly, world leaders have been working to come up with ways to control climate change. Phillips electronics is on board trying to make the world a little bit brighter. It is focusing on infrastructure and buildings of major cities and unveiling an alternative to the 60 watt lightbulb. I'm joined by right now rudy provoost, he is phillips lighting executive vice president and ceo. Good to see you rudy. >> very good morning and pleasure to be here. Alexis: you guys were just at the united nations over the past …”
Tata Motors Limited ADR (TTM) Discussed on CNBC's Fast Money
Tata Motors Limited ADR is in the news. Find out how this impacts TTM trading on Ockham Research.
Asia pacific. Mulally is putting his stock in a market where you're going to see 3 million units sold probably in four or five years, where they are right now. They're very well positioned. Watch TATA MOTORS. >> the international story for ford is obviously phenomenal. A lot of potential there. But also look domestically. Alan mulally, he has just done a phenomenal job navigating through this crisis. Ford clearly, when everyone went underwater, ford was the one that was able to hold their breath the longest. I think now where ford sits, where it's slightly north of where you've got to step in and buy it again. >> if mulally's forecast in 2011 comes true, karen, does that make the automakers attractive in your view? >> they've had a huge run up. If that were to happen, yeah, it's like borg warner would move but that is a big move from where we are right now. Not that it can't happen. It could happen. I think we've just pulled some sales closer with cash for clunkers that maybe aren't initial -- that aren't incremental demand. >> you're factoring in quite a time frame there. If you're looking at ford, by the way, the option there's dirt cheap right now. The opportunities are there. If you believe in this story, if you believe even going out six months, nine months, the options
“… ly phenomenal. A lot of potential there. But also look domestically. Alan mulally, he has just done a phenomenal job navigating through this crisis. Ford clearly, when everyone went underwater, ford was the one that was able to hold their breath the longest. I think now where ford sits, where it's slightly north of where you've got to step in and buy it again. >> if mulally's forecast in 2011 comes true, karen, does that make the automakers attractive in your view? >> they've had a huge run up. If that were to happen, yeah, it's like borg warner would move but that is a big move from where we are right now. Not that it can't happen. It could happen. I think we've just pulled some sales closer with cash for clunkers that maybe aren't initial -- that aren't incremental demand. >> you're factoring in quite a time frame there. If you're looking at ford, by the way, the option there's dirt cheap right now. The opportunities are there. If you believe in this story, if you believe even going out six months, nine months, the options …”
Tata Motors Limited ADR (TTM) Discussed on Fox Business's The Opening Bell on Fox Business
Tata Motors Limited ADR is in the news. Find out how this impacts TTM trading on Ockham Research.
As a result the stock is hit hard. Textron, you can see in the green up 61/2%. Morgan stanley raised its rating on the world's largest maker from overweight to underweight saying the risk reward outlook is compelling. Shares of TATA MOTORS up, very much in the green. The parent company of land rover and jaguar brands say august sales rose 14% year over year. Interesting to see whether or not that followed through with some of the other automakers. Let's check with robert gray and more of the morning's headlines. Robert: thanks so much. Take ago look at credit suisse on the wireless industry here and moving some stocks in a big way this morning. Nokia getting downgraded all the way to underperform from outperform, basically sell from buy, if you will. Qualcomm also getting cut down to a knew frl from outperform on valuation basis, but the calls
“… n the green. The parent company of land rover and jaguar brands say august sales rose 14% year over year. Interesting to see whether or not that followed through with some of the other automakers. Let's check with robert gray and more of the morning's headlines. Robert: thanks so much. Take ago look at credit suisse on the wireless industry here and moving some stocks in a big way this morning. Nokia getting downgraded all the way to underperform from outperform, basically sell from buy, if you will. Qualcomm also getting cut down to a knew frl from outperform on valuation basis, but the calls …”
Tata Motors Limited ADR (TTM) Discussed on Fox Business's The Opening Bell on Fox Business
Tata Motors Limited ADR is in the news. Find out how this impacts TTM trading on Ockham Research.
>> allied irish down and bank of ireland also down 17% today and in the auto sector, TATA MOTORS which controls jaguar and land rover posting a consolidated quarterly net loss of 68 million dollars, but net sales did rise 13%, but a very quiet day in europe although what sentiment we've seen has been set by asia which was decidedly on the down side. Alexis, back to you in new york. >> all right, ashley, thank you well, two oil fuel services companies are joining forces in a multi-billion dollar deal. Robert gray is at the fox business desk with the details on that, good morning, robert. Robert: a little m and a on a monday, how about that. Starting off the week talking
“… ope although what sentiment we've seen has been set by asia which was decidedly on the down side. Alexis, back to you in new york. >> all right, ashley, thank you well, two oil fuel services companies are joining forces in a multi-billion dollar deal. Robert gray is at the fox business desk with the details on that, good morning, robert. Robert: a little m and a on a monday, how about that. Starting off the week talking …”