Trifast plc

LSE:TRI Stock Report

Market Cap: UK£104.6m

Trifast Valuation

Is TRI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRI (£0.78) is trading below our estimate of fair value (£2.94)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRI?

Key metric: As TRI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TRI. This is calculated by dividing TRI's market cap by their current revenue.
What is TRI's PS Ratio?
PS Ratio0.4x
SalesUK£233.67m
Market CapUK£104.56m

Price to Sales Ratio vs Peers

How does TRI's PS Ratio compare to its peers?

The above table shows the PS ratio for TRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
RNO Renold
0.4x4.6%UK£108.4m
MCON Mincon Group
0.7x6.7%UK£78.6m
AVG Avingtrans
1x14.5%UK£133.1m
MPAC Mpac Group
1.3x23.2%UK£156.8m
TRI Trifast
0.4x3.1%UK£105.1m

Price-To-Sales vs Peers: TRI is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

How does TRI's PS Ratio compare vs other companies in the GB Machinery Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
HMSG HMS Hydraulic Machines & Systems Group
0.08x4.0%US$81.11m
HARL Harland & Wolff Group Holdings
0.2xn/aUS$19.39m
SIXH 600 Group
0.1xn/aUS$4.32m
No more companies available in this PS range
TRI 0.4xIndustry Avg. 1.8xNo. of Companies4PS012345+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TRI is good value based on its Price-To-Sales Ratio (0.4x) compared to the UK Machinery industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is TRI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: TRI is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.78
UK£1.20
+53.8%
16.7%UK£1.40UK£1.00n/a2
Nov ’25UK£0.78
UK£1.20
+53.8%
16.7%UK£1.40UK£1.00n/a2
Oct ’25UK£0.79
UK£1.13
+44.2%
16.6%UK£1.40UK£1.00n/a3
Sep ’25UK£0.80
UK£1.13
+41.7%
16.6%UK£1.40UK£1.00n/a3
Aug ’25UK£0.78
UK£1.13
+44.9%
16.6%UK£1.40UK£1.00n/a3
Jul ’25UK£0.72
UK£1.13
+57.4%
16.6%UK£1.40UK£1.00n/a3
Jun ’25UK£0.66
UK£1.13
+71.2%
16.6%UK£1.40UK£1.00n/a3
May ’25UK£0.76
UK£1.13
+48.3%
16.6%UK£1.40UK£1.00n/a3
Apr ’25UK£0.75
UK£1.13
+51.9%
16.6%UK£1.40UK£1.00n/a3
Mar ’25UK£0.76
UK£1.13
+49.1%
16.6%UK£1.40UK£1.00n/a3
Feb ’25UK£0.72
UK£1.13
+57.4%
16.6%UK£1.40UK£1.00n/a3
Jan ’25UK£0.88
UK£1.17
+32.0%
14.6%UK£1.40UK£1.00n/a3
Dec ’24UK£0.79
UK£1.17
+47.1%
14.6%UK£1.40UK£1.00n/a3
Nov ’24UK£0.66
UK£1.18
+78.2%
13.1%UK£1.40UK£1.05UK£0.783
Oct ’24UK£0.82
UK£1.16
+41.2%
12.2%UK£1.40UK£1.05UK£0.794
Sep ’24UK£0.82
UK£1.16
+40.5%
12.2%UK£1.40UK£1.05UK£0.804
Aug ’24UK£0.88
UK£1.16
+30.9%
12.2%UK£1.40UK£1.05UK£0.784
Jul ’24UK£0.78
UK£1.16
+47.6%
12.2%UK£1.40UK£1.05UK£0.724
Jun ’24UK£0.72
UK£1.16
+61.2%
12.2%UK£1.40UK£1.05UK£0.664
May ’24UK£0.72
UK£1.16
+60.8%
12.2%UK£1.40UK£1.05UK£0.764
Apr ’24UK£0.78
UK£1.18
+52.0%
9.2%UK£1.30UK£1.05UK£0.754
Mar ’24UK£0.68
UK£1.20
+75.9%
8.5%UK£1.30UK£1.05UK£0.765
Feb ’24UK£0.80
UK£1.36
+70.4%
8.5%UK£1.60UK£1.25UK£0.726
Jan ’24UK£0.73
UK£1.36
+87.8%
8.5%UK£1.60UK£1.25UK£0.886
Dec ’23UK£0.62
UK£1.36
+119.9%
8.5%UK£1.60UK£1.25UK£0.796
Nov ’23UK£0.62
UK£1.46
+135.8%
5.9%UK£1.60UK£1.35UK£0.666

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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