TTG

Tt Electronics PLC

Technology First-pass screen £212m

370/1000 Overall fit

AI beneficiary 35% 25

Operating leverage 25% 50

Valuation 25% 30

Downside protection 15% 58

First-pass take

TT Electronics is a transitional turnaround play with improving operational discipline but no AI exposure. Strong A&D market tailwinds (£152.8m, +12%) offset by weak EMS demand; modest 30bp margin expansion despite -2.7% organic revenue decline. No valuation data available to assess fair value.

Flags

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