Trifast plc, together with its subsidiaries, designs, engineers, manufactures, and distributes industrial and category C fasteners, and category C components to distributors and original equipment manufacturer assemblers.
Flawless balance sheet and good value.
Share Price & News
How has Trifast's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TRI underperformed the UK Machinery industry which returned 8.9% over the past year.
Return vs Market: TRI underperformed the UK Market which returned 6.5% over the past year.
Price Volatility Vs. Market
How volatile is Trifast's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes Trifast plc's (LON:TRI) CEO Pay Matter?
3 weeks ago | Simply Wall StAre Trifast's (LON:TRI) Statutory Earnings A Good Reflection Of Its Earnings Potential?
1 month ago | Simply Wall StEvaluating Trifast plc’s (LON:TRI) Investments In Its Business
Is Trifast undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRI (£1.58) is trading below our estimate of fair value (£1.82)
Significantly Below Fair Value: TRI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TRI is good value based on its PE Ratio (15.6x) compared to the Machinery industry average (17.6x).
PE vs Market: TRI is good value based on its PE Ratio (15.6x) compared to the UK market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: TRI is poor value based on its PEG Ratio (5.3x)
Price to Book Ratio
PB vs Industry: TRI is good value based on its PB Ratio (1.6x) compared to the GB Machinery industry average (1.6x).
How is Trifast forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRI's forecast earnings growth (3% per year) is above the savings rate (0.5%).
Earnings vs Market: TRI's earnings (3% per year) are forecast to grow slower than the UK market (12.9% per year).
High Growth Earnings: TRI's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRI's revenue (2.9% per year) is forecast to grow slower than the UK market (3.6% per year).
High Growth Revenue: TRI's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRI's Return on Equity is forecast to be low in 3 years time (10.9%).
How has Trifast performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRI has high quality earnings.
Growing Profit Margin: TRI's current net profit margins (5.9%) are lower than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: TRI's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: TRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRI had negative earnings growth (-4.6%) over the past year, making it difficult to compare to the Machinery industry average (2.6%).
Return on Equity
High ROE: TRI's Return on Equity (10%) is considered low.
Return on Assets
Return on Capital Employed
How is Trifast's financial position?
Financial Position Analysis
Short Term Liabilities: TRI's short term assets (£140.2M) exceed its short term liabilities (£42.9M).
Long Term Liabilities: TRI's short term assets (£140.2M) exceed its long term liabilities (£58.1M).
Debt to Equity History and Analysis
Debt Level: TRI's debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: TRI's debt to equity ratio has reduced from 46.6% to 32.9% over the past 5 years.
Debt Coverage: TRI's debt is well covered by operating cash flow (24.4%).
Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (23.1x coverage).
Inventory Level: TRI has a high level of physical assets or inventory.
Debt Coverage by Assets: TRI's debt is covered by short term assets (assets are 3.4x debt).
What is Trifast's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Trifast before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TRI's dividend (2.7%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).
High Dividend: TRI's dividend (2.7%) is low compared to the top 25% of dividend payers in the UK market (5.07%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TRI has been paying a dividend for less than 10 years.
Growing Dividend: TRI's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42%), TRI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRI's dividends in 3 years are forecast to be well covered by earnings (36.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mark Belton (49yo)
Mr. Mark Belton, BA (Hons.), ACA has been Chief Executive Officer of Trifast Plc since October 1, 2015. Mr. Belton served as Group Finance Director of Trifast Plc since June 16, 2010 until October 1, 2015. ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD475.85K) is about average for companies of similar size in the UK market ($USD595.14K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||4.3yrs||UK£367.00k||0.30% £577.7k|
|CFO & Executive Director||4.3yrs||UK£286.00k||0.014% £26.5k|
|Group Sales Director & Executive Director||9.7yrs||UK£271.00k||0.20% £374.2k|
|Non-Executive Chairman||2.8yrs||UK£125.00k||0.68% £1.3m|
|Senior Independent Non-Executive Director||0yrs||UK£60.00k||0.019% £35.8k|
|Independent Non-Executive Director||10.6yrs||UK£55.00k||no data|
|Independent Non-Executive Director||6.8yrs||UK£50.00k||no data|
Experienced Board: TRI's board of directors are considered experienced (8.3 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Trifast plc's company bio, employee growth, exchange listings and data sources
- Name: Trifast plc
- Ticker: TRI
- Exchange: LSE
- Founded: 1973
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: UK£191.032m
- Shares outstanding: 121.29m
- Website: https://www.trifast.com
Number of Employees
- Trifast plc
- Trifast House
- Bellbrook Park
- East Sussex
- TN22 1QW
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRI||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Feb 1994|
|TRIl||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Feb 1994|
Trifast plc, together with its subsidiaries, designs, engineers, manufactures, and distributes industrial and category C fasteners, and category C components to distributors and original equipment manufacturer assemblers. It offers screws and bolts, nuts, washers, circlips, seals, rings, spacers, pillars, security fasteners, pins and keys, tooling and driver bits, and fasteners for sheet metal and plastic, as well as enclosure, plastic, and other hardware products. The company serves customers in the automotive, electric vehicle, electronics and telecoms, domestic appliances, aerospace and defense, sheet metal, and other industries. It has operations in the United Kingdom, Europe, the United States, and Asia. The company was founded in 1973 and is headquartered in Uckfield, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 20:46|
|End of Day Share Price||2020/02/21 00:00|
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.