Trisul (BOVESPA:TRIS3) - Share price, News & Analysis

TRIS3 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	5/6
Past Performance	2/6
Financial Health	4/6
Dividends	1/6

TRIS3 Stock Overview

Trisul S.A. engages in the construction and development of real estate properties in Brazil.

Rewards

Trading at 88% below our estimate of its fair value

Earnings are forecast to grow 29.37% per year

Risk Analysis

Dividend of 5.1% is not well covered by earnings

Profit margins (13%) are lower than last year (19.1%)

Trisul Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trisul
Historical stock prices
Current Share Price	R$4.20
52 Week High	R$10.99
52 Week Low	R$3.69
Beta	1.28
1 Month Change	-3.67%
3 Month Change	-25.13%
1 Year Change	-58.33%
3 Year Change	-23.08%
5 Year Change	195.78%
Change since IPO	-18.58%

Recent News & Updates

Mar 14

At R$4.29, Is Trisul S.A. (BVMF:TRIS3) Worth Looking At Closely?

While Trisul S.A. ( BVMF:TRIS3 ) might not be the most widely known stock at the moment, it saw significant share price...

Shareholder Returns

	TRIS3	BR Consumer Durables	BR Market
7D	3.4%	0.3%	1.0%
1Y	-58.3%	-41.5%	-19.4%

Return vs Industry: TRIS3 underperformed the BR Consumer Durables industry which returned -43.9% over the past year.

Return vs Market: TRIS3 underperformed the BR Market which returned -20.2% over the past year.

Price Volatility

Is TRIS3's price volatile compared to industry and market?
TRIS3 volatility
TRIS3 Average Weekly Movement	6.7%
Consumer Durables Industry Average Movement	7.5%
Market Average Movement	6.4%
10% most volatile stocks in BR Market	10.0%
10% least volatile stocks in BR Market	3.0%

Stable Share Price: TRIS3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TRIS3's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	332	Jorge Neto	https://www.trisul-sa.com.br

Trisul S.A. engages in the construction and development of real estate properties in Brazil. It is also involved in the subdivision of plots of land; and purchase and sale of properties. The company develops real estate projects, including with ownership interest of third parties.

Trisul Fundamentals Summary

How do Trisul's earnings and revenue compare to its market cap?
TRIS3 fundamental statistics
Market Cap	R$767.39m
Earnings (TTM)	R$95.52m
Revenue (TTM)	R$736.15m

8.0x

P/E Ratio

1.0x

P/S Ratio

Is TRIS3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRIS3 income statement (TTM)
Revenue	R$736.15m
Cost of Revenue	R$477.81m
Gross Profit	R$258.34m
Other Expenses	R$162.81m
Earnings	R$95.52m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 11, 2022

Earnings per share (EPS)	0.52
Gross Margin	35.09%
Net Profit Margin	12.98%
Debt/Equity Ratio	48.0%

How did TRIS3 perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

n/a

Payout Ratio

Valuation

Is Trisul undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TRIS3 (R$4.2) is trading below our estimate of fair value (R$35.08)

Significantly Below Fair Value: TRIS3 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: TRIS3 is poor value based on its PE Ratio (8x) compared to the BR Consumer Durables industry average (6.4x).

PE vs Market: TRIS3 is good value based on its PE Ratio (8x) compared to the BR market (8.6x).

Price to Earnings Growth Ratio

PEG Ratio: TRIS3 is good value based on its PEG Ratio (0.3x)

Price to Book Ratio

PB vs Industry: TRIS3 is good value based on its PB Ratio (0.6x) compared to the BR Consumer Durables industry average (0.8x).

Future Growth

How is Trisul forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

29.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRIS3's forecast earnings growth (29.4% per year) is above the savings rate (9.1%).

Earnings vs Market: TRIS3's earnings (29.4% per year) are forecast to grow faster than the BR market (6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TRIS3's revenue (24.3% per year) is forecast to grow faster than the BR market (6.2% per year).

High Growth Revenue: TRIS3's revenue (24.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TRIS3's Return on Equity is forecast to be low in 3 years time (16.6%).

Past Performance

How has Trisul performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

31.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRIS3 has high quality earnings.

Growing Profit Margin: TRIS3's current net profit margins (13%) are lower than last year (19.1%).

Past Earnings Growth Analysis

Earnings Trend: TRIS3's earnings have grown significantly by 31.7% per year over the past 5 years.

Accelerating Growth: TRIS3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TRIS3 had negative earnings growth (-45.1%) over the past year, making it difficult to compare to the Consumer Durables industry average (15.3%).

Return on Equity

High ROE: TRIS3's Return on Equity (8.1%) is considered low.

Financial Health

How is Trisul's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TRIS3's short term assets (R$1.7B) exceed its short term liabilities (R$446.3M).

Long Term Liabilities: TRIS3's short term assets (R$1.7B) exceed its long term liabilities (R$563.4M).

Debt to Equity History and Analysis

Debt Level: TRIS3's net debt to equity ratio (23.4%) is considered satisfactory.

Reducing Debt: TRIS3's debt to equity ratio has increased from 36% to 48% over the past 5 years.

Debt Coverage: TRIS3's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TRIS3's interest payments on its debt are well covered by EBIT (7x coverage).

Balance Sheet

Dividend

What is Trisul current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.10%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TRIS3's dividend (5.1%) is higher than the bottom 25% of dividend payers in the BR market (1.37%).

High Dividend: TRIS3's dividend (5.1%) is low compared to the top 25% of dividend payers in the BR market (6.65%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TRIS3 has been paying a dividend for less than 10 years.

Growing Dividend: TRIS3's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: TRIS3 is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Jorge Neto

no data

Tenure

Mr. Jorge Cury Neto serves as Chief Executive Officer at Trisul S.A. Mr. Neto was a Founding partner of Tricury Construções e Participações Ltda., where he was the Technical Officer in charge of all the wo...

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31