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TRIF

Trifork Holding CPSE:TRIFOR Stock Report

Last Price

kr.205.50

Market Cap

kr.4.0b

7D

-5.5%

1Y

n/a

Updated

16 May, 2022

Data

Company Financials +
TRIFOR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends1/6

TRIFOR Stock Overview

Trifork Holding AG provides information technology and business services primarily in Switzerland, Denmark, the Netherlands, and the United Kingdom.

Trifork Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trifork Holding
Historical stock prices
Current Share Pricekr.205.50
52 Week Highkr.330.00
52 Week Lowkr.165.00
Beta0
1 Month Change-1.91%
3 Month Change-4.64%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO17.03%

Recent News & Updates

Shareholder Returns

TRIFORDK ITDK Market
7D-5.5%-6.4%0.7%
1Yn/a-22.5%2.2%

Return vs Industry: Insufficient data to determine how TRIFOR performed against the Danish IT industry.

Return vs Market: Insufficient data to determine how TRIFOR performed against the Danish Market.

Price Volatility

Is TRIFOR's price volatile compared to industry and market?
TRIFOR volatility
TRIFOR Average Weekly Movement6.8%
IT Industry Average Movement6.5%
Market Average Movement6.3%
10% most volatile stocks in DK Market10.6%
10% least volatile stocks in DK Market4.0%

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

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

About the Company

FoundedEmployeesCEOWebsite
1996950Jorn Larsenhttps://www.trifork.com

Trifork Holding AG provides information technology and business services primarily in Switzerland, Denmark, the Netherlands, and the United Kingdom. The company operates through two segments, Trifork and Trifork Labs. The Trifork segment focuses on the software development and operations of IT systems, including conferences and trainings.

Trifork Holding Fundamentals Summary

How do Trifork Holding's earnings and revenue compare to its market cap?
TRIFOR fundamental statistics
Market Cap€544.06m
Earnings (TTM)€29.35m
Revenue (TTM)€159.00m

18.5x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRIFOR income statement (TTM)
Revenue€159.00m
Cost of Revenue€117.00m
Gross Profit€42.00m
Other Expenses€12.65m
Earnings€29.35m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)1.49
Gross Margin26.41%
Net Profit Margin18.46%
Debt/Equity Ratio25.7%

How did TRIFOR perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

25%

Payout Ratio

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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: TRIFOR (DKK205.5) is trading below our estimate of fair value (DKK449.49)

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


Price To Earnings Ratio

PE vs Industry: TRIFOR is good value based on its PE Ratio (18.5x) compared to the European IT industry average (21.5x).

PE vs Market: TRIFOR is poor value based on its PE Ratio (18.5x) compared to the Danish market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: TRIFOR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TRIFOR is overvalued based on its PB Ratio (5x) compared to the DK IT industry average (3.7x).


Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-17.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRIFOR's earnings are forecast to decline over the next 3 years (-17.8% per year).

Earnings vs Market: TRIFOR's earnings are forecast to decline over the next 3 years (-17.8% per year).

High Growth Earnings: TRIFOR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TRIFOR's revenue (11.3% per year) is forecast to grow faster than the Danish market (5.9% per year).

High Growth Revenue: TRIFOR's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TRIFOR's Return on Equity is forecast to be low in 3 years time (14.9%).


Past Performance

How has Trifork Holding 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


39.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRIFOR has a high level of non-cash earnings.

Growing Profit Margin: TRIFOR's current net profit margins (18.5%) are lower than last year (37.4%).


Past Earnings Growth Analysis

Earnings Trend: TRIFOR's earnings have grown significantly by 39.4% per year over the past 5 years.

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

Earnings vs Industry: TRIFOR had negative earnings growth (-32.1%) over the past year, making it difficult to compare to the IT industry average (22%).


Return on Equity

High ROE: TRIFOR's Return on Equity (29.5%) is considered high.


Financial Health

How is Trifork Holding's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TRIFOR's short term assets (€86.6M) exceed its short term liabilities (€66.6M).

Long Term Liabilities: TRIFOR's short term assets (€86.6M) exceed its long term liabilities (€68.3M).


Debt to Equity History and Analysis

Debt Level: TRIFOR has more cash than its total debt.

Reducing Debt: TRIFOR's debt to equity ratio has increased from 0.7% to 25.7% over the past 5 years.

Debt Coverage: TRIFOR's debt is well covered by operating cash flow (27.3%).

Interest Coverage: TRIFOR's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Dividend

What is Trifork Holding 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


1.38%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TRIFOR's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the Danish market (1.39%).

High Dividend: TRIFOR's dividend (1.38%) is low compared to the top 25% of dividend payers in the Danish market (6%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TRIFOR's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TRIFOR's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (25%), TRIFOR's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (336.8%), TRIFOR's dividend payments are not well covered by cash flows.


Next Steps

Management

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

15.3yrs

Average management tenure


CEO

Jorn Larsen (55 yo)

26.33yrs

Tenure

Mr. Jorn Larsen co-founded Trifork Holding AG in 1996 and serves as its Chief Executive Officer since 2014 and also was its Director since January 8, 2014. Mr. Larsen serves as President of Trifork GmbH. H...


Leadership Team

Experienced Management: TRIFOR's management team is seasoned and experienced (15.3 years average tenure).


Board Members

Experienced Board: TRIFOR's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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: TRIFOR only recently listed within the past 12 months.


Top Shareholders

Company Information

Trifork Holding AG's employee growth, exchange listings and data sources


Key Information

  • Name: Trifork Holding AG
  • Ticker: TRIFOR
  • Exchange: CPSE
  • Founded: 1996
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: kr.4.048b
  • Shares outstanding: 19.70m
  • Website: https://www.trifork.com

Number of Employees


Location

  • Trifork Holding AG
  • Neuhofstrasse 10
  • Schindellegi
  • Schwyz
  • 8834
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.