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TriMas

Nasdaq:TRS
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRS
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. The last earnings update was 25 days ago. More info.


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TRS Share Price and Events
7 Day Returns
-2.7%
NasdaqGS:TRS
-3.9%
US Machinery
-2.1%
US Market
1 Year Returns
1.8%
NasdaqGS:TRS
-7%
US Machinery
1.3%
US Market
TRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TriMas (TRS) -2.7% -8.7% -5.6% 1.8% 69.9% -16.8%
US Machinery -3.9% -9.8% -5.6% -7% 37.9% 19.3%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • TRS outperformed the Machinery industry which returned -7% over the past year.
Price Volatility
TRS
Industry
5yr Volatility vs Market
Related Companies

TRS Value

 Is TriMas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TriMas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TriMas.

NasdaqGS:TRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:TRS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 21%) (24.92%))
1.169
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.169 * 5.96%)
9.7%

Discounted Cash Flow Calculation for NasdaqGS:TRS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TriMas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:TRS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.7%)
2019 89.90 Analyst x1 81.95
2020 92.25 Est @ 2.61% 76.66
2021 94.69 Est @ 2.65% 71.74
2022 97.23 Est @ 2.67% 67.15
2023 99.84 Est @ 2.69% 62.86
2024 102.54 Est @ 2.7% 58.85
2025 105.32 Est @ 2.71% 55.10
2026 108.18 Est @ 2.72% 51.60
2027 111.12 Est @ 2.72% 48.32
2028 114.15 Est @ 2.72% 45.25
Present value of next 10 years cash flows $619.49
NasdaqGS:TRS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $114.15 × (1 + 2.73%) ÷ (9.7% – 2.73%)
$1,683.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,683.56 ÷ (1 + 9.7%)10
$667.34
NasdaqGS:TRS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $619.49 + $667.34
$1,286.83
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,286.83 / 45.69
$28.17
NasdaqGS:TRS Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.17
Current discount Discount to share price of $29.21
= -1 x ($29.21 - $28.17) / $28.17
-3.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TriMas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TriMas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TriMas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:TRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.71
NasdaqGS:TRS Share Price ** NasdaqGS (2019-05-24) in USD $29.21
United States of America Machinery Industry PE Ratio Median Figure of 100 Publicly-Listed Machinery Companies 19.91x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TriMas.

NasdaqGS:TRS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TRS Share Price ÷ EPS (both in USD)

= 29.21 ÷ 1.71

17.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TriMas is good value based on earnings compared to the US Machinery industry average.
  • TriMas is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does TriMas's expected growth come at a high price?
Raw Data
NasdaqGS:TRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
10.9%per year
United States of America Machinery Industry PEG Ratio Median Figure of 82 Publicly-Listed Machinery Companies 1.41x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NasdaqGS:TRS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.13x ÷ 10.9%

1.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TriMas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TriMas's assets?
Raw Data
NasdaqGS:TRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.02
NasdaqGS:TRS Share Price * NasdaqGS (2019-05-24) in USD $29.21
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.25x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:TRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TRS Share Price ÷ Book Value per Share (both in USD)

= 29.21 ÷ 14.02

2.08x

* Primary Listing of TriMas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TriMas is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess TriMas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. TriMas has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TRS Future Performance

 How is TriMas expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TriMas expected to grow at an attractive rate?
  • TriMas's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TriMas's earnings growth is positive but not above the United States of America market average.
  • TriMas's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:TRS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:TRS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 10.9%
NasdaqGS:TRS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.2%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:TRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:TRS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 977 117 95 4
2019-12-31 938 130 86 4
NasdaqGS:TRS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 881 121 78
2018-12-31 877 129 83
2018-09-30 861 131 63
2018-06-30 847 122 53
2018-03-31 835 114 48
2017-12-31 818 120 31
2017-09-30 808 107 -32
2017-06-30 801 97 -37
2017-03-31 791 106 -41
2016-12-31 794 80 -40
2016-09-30 801 94 -33
2016-06-30 821 89 -30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TriMas's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • TriMas's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:TRS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from TriMas Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TRS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.06 2.10 2.03 3.00
2019-12-31 1.87 1.89 1.86 3.00
NasdaqGS:TRS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.71
2018-12-31 1.82
2018-09-30 1.37
2018-06-30 1.16
2018-03-31 1.06
2017-12-31 0.68
2017-09-30 -0.71
2017-06-30 -0.81
2017-03-31 -0.90
2016-12-31 -0.88
2016-09-30 -0.73
2016-06-30 -0.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TriMas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TriMas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TriMas has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TRS Past Performance

  How has TriMas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TriMas's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TriMas's year on year earnings growth rate has been positive over the past 5 years.
  • TriMas's 1-year earnings growth exceeds its 5-year average (61.7% vs 0.6%)
  • TriMas's earnings growth has exceeded the US Machinery industry average in the past year (61.7% vs 28.5%).
Earnings and Revenue History
TriMas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TriMas Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:TRS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 881.33 78.07 113.32
2018-12-31 877.14 83.30 97.16
2018-09-30 861.00 62.58 101.23
2018-06-30 846.55 53.04 99.94
2018-03-31 835.01 48.29 99.61
2017-12-31 817.74 30.96 114.88
2017-09-30 808.06 -32.39 114.45
2017-06-30 801.02 -36.74 122.57
2017-03-31 790.97 -41.11 128.28
2016-12-31 794.02 -39.80 134.23
2016-09-30 801.25 -33.24 153.02
2016-06-30 821.15 -30.31 142.45
2016-03-31 842.73 -32.30 143.76
2015-12-31 863.98 -28.66 143.75
2015-09-30 894.65 39.81 119.06
2015-06-30 894.79 39.19 130.90
2015-03-31 894.60 45.14 129.85
2014-12-31 887.30 46.08 132.43
2014-09-30 984.06 44.42 160.17
2014-06-30 1,116.64 62.26 179.53
2014-03-31 1,267.65 74.13 200.36
2013-12-31 799.70 54.72 128.11
2013-09-30 1,369.45 54.48 218.86
2013-06-30 1,350.41 44.22 212.01
2013-03-31 1,313.12 34.57 205.14
2012-12-31 1,267.51 34.02 194.85
2012-09-30 1,231.52 54.95 187.66
2012-06-30 1,173.31 53.26 181.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TriMas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TriMas used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • TriMas has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TriMas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TriMas has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TRS Health

 How is TriMas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TriMas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TriMas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TriMas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TriMas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TriMas Company Filings, last reported 1 month ago.

NasdaqGS:TRS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 640.51 332.56 84.41
2018-12-31 620.45 293.56 108.15
2018-09-30 607.49 293.29 79.63
2018-06-30 585.69 293.01 53.40
2018-03-31 565.78 301.71 36.67
2017-12-31 544.02 303.08 27.58
2017-09-30 546.96 336.56 24.76
2017-06-30 528.46 350.77 22.84
2017-03-31 510.08 370.57 22.88
2016-12-31 499.72 378.01 20.87
2016-09-30 567.01 411.22 22.55
2016-06-30 558.20 416.10 23.66
2016-03-31 550.72 445.58 25.42
2015-12-31 547.19 422.96 19.45
2015-09-30 607.86 464.40 22.46
2015-06-30 602.14 464.27 26.17
2015-03-31 598.52 672.05 23.73
2014-12-31 590.63 630.81 24.42
2014-09-30 600.71 341.38 30.07
2014-06-30 586.26 368.93 38.38
2014-03-31 554.87 398.81 31.82
2013-12-31 578.89 306.10 27.00
2013-09-30 572.78 480.24 209.35
2013-06-30 368.42 481.21 18.83
2013-03-31 342.83 506.92 21.26
2012-12-31 330.36 423.13 20.58
2012-09-30 341.81 431.60 26.09
2012-06-30 316.71 422.22 29.28
  • TriMas's level of debt (51.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (71.8% vs 51.9% today).
  • Debt is well covered by operating cash flow (36.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).
X
Financial health checks
We assess TriMas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TriMas has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TRS Dividends

 What is TriMas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TriMas dividends.
If you bought $2,000 of TriMas shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TriMas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TriMas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:TRS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:TRS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TriMas has not reported any payouts.
  • Unable to verify if TriMas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TriMas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TriMas has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TriMas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TriMas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TriMas has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TRS Management

 What is the CEO of TriMas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Amato
COMPENSATION $4,074,561
AGE 55
TENURE AS CEO 2.8 years
CEO Bio

Mr. Thomas A. Amato, also known as Tom, has been the Chief Executive Officer and President at TriMas Corporation since July 28, 2016. Mr. Amato has more than 25 years of broad industrial experience. He has worked as the Chief Executive Officer for notable private equity firms, including The Carlyle Group. He began his career in 1987 at Imperial Chemical Industries, as an Applications Development Engineer and eventually, a Group Leader, where he worked till 1994. He served as a Co-President and chief integration officer of Metaldyne Performance Group Inc. from August 2014 to December 31, 2015. He served as the President of Metaldyne LLC from 2009 to December 31, 2015 and served as its Chief Executive Officer from 2007 to December 31, 2015. He served as the Chairman, Chief Executive Officer and President of Metaldyne, LLC from 2009 to 2015. He served as a Co-Chief Executive Officer of Asahi Tec Corporation since January 2008. He served as the Chief Executive Officer of Oldco M Corporation (Also known as Metaldyne Corp.) since January 2008 and also served as its Chairman and President. He served as an Executive Vice President of Business Development and Commercial Operations of Oldco M Corporation. He served as Vice President of Corporate Development at Oldco M Corporation since September 2001, its Executive Vice President of Commercial Group since April 6, 2005 and its Executive Vice President of Commercial Operations since January 2005, where he was responsible for business development initiatives, including mergers, acquisitions, joint ventures, strategic alliances, divestitures and other business development activities. He joined Masco Corporation in May 1994 and being assigned to MascoTech and served as its Manager of Business Development, was transferred to MascoTech in 1996 and served as its Director of Corporate Development. He served as Vice President of Corporate Development of TriMas Corporation, in May 2001, where he was responsible for all of the merger, acquisition, alliance, divestiture and joint venture activities. He has been an Independent Director of AMETEK, Inc. since March 7, 2017. He has been a Director of TriMas Corporation since July 28, 2016. He serves as a Director of Business Leaders for Michigan. He served as a Director of Asahi Tec Corp. from June 2008 to May 17, 2012. He served as a Director of Oldco M Corporation since February 2007. He served on the Board of Directors of Metaldyne, LLC, NC-M Chassis Systems, LLC, a joint venture between DaimlerChrysler and Metaldyne and also served on the board of Wolverine Tube and Innovative Coatings Technologies, LLC. He completed senior management courses at The Tuck School of Business at Dartmouth in Hanover, NH. Mr. Amato holds a Bachelor of Science in Chemical Engineering from Wayne State University in Detroit, Mich. and a Master's of Business Administration in Finance from University of Michigan in Ann Arbor, Mich.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TriMas management team in years:

4.3
Average Tenure
55
Average Age
  • The tenure for the TriMas management team is about average.
Management Team

Tom Amato

TITLE
President
COMPENSATION
$4M
AGE
55
TENURE
2.8 yrs

Bob Zalupski

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
59
TENURE
4.3 yrs

Josh Sherbin

TITLE
Chief Compliance Officer
COMPENSATION
$1M
AGE
55
TENURE
14.3 yrs

Al Malizia

TITLE
Vice President of Operations
TENURE
1.3 yrs

Paul Swart

TITLE
Chief Accounting Officer
TENURE
6.8 yrs

Sherry Lauderback

TITLE
Vice President of Investor Relations & Communications
TENURE
11.6 yrs

David Pritchett

TITLE
President of Packaging
TENURE
5.3 yrs

Chuck Manz

TITLE
President of Norris Cylinder - Engineered Components
TENURE
4.3 yrs

Marc Roberts

TITLE
President of Energy Segment
AGE
55
TENURE
3 yrs

John Schaefer

TITLE
President of Aerospace
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the TriMas board of directors in years:

5.5
Average Tenure
60
Average Age
  • The tenure for the TriMas board of directors is about average.
Board of Directors

Sam Valenti

TITLE
Chairman of the Board
COMPENSATION
$351K
AGE
72
TENURE
16.9 yrs

Tom Amato

TITLE
President
COMPENSATION
$4M
AGE
55
TENURE
2.8 yrs

Eugene Miller

TITLE
Director
COMPENSATION
$224K
AGE
80
TENURE
14.3 yrs

Dick Gabrys

TITLE
Director
COMPENSATION
$234K
AGE
76
TENURE
12.8 yrs

Dan Tredwell

TITLE
Director
COMPENSATION
$219K
AGE
60
TENURE
16.9 yrs

Nancy Gougarty

TITLE
Director
COMPENSATION
$217K
AGE
63
TENURE
5.5 yrs

Nick Stanage

TITLE
Director
COMPENSATION
$218K
AGE
59
TENURE
5.5 yrs

Herbert Parker

TITLE
Director
COMPENSATION
$218K
AGE
60
TENURE
4.3 yrs

Jeff Greene

TITLE
Director
COMPENSATION
$5K
AGE
58
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • TriMas insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. May 19 Sell Robert Zalupski Individual 21. May 19 21. May 19 -10,000 $30.25 $-302,450
21. May 19 Sell Samuel Valenti Individual 20. May 19 20. May 19 -10,000 $29.98 $-299,830
21. May 19 Sell Nancy Gougarty Individual 17. May 19 17. May 19 -8,037 $30.33 $-243,762
21. May 19 Sell Joshua Sherbin Individual 17. May 19 20. May 19 -21,355 $30.40 $-646,172
21. May 19 Sell Eugene Miller Individual 20. May 19 20. May 19 -10,000 $30.01 $-300,070
20. May 19 Sell Thomas Amato Individual 16. May 19 17. May 19 -14,991 $30.72 $-459,276
X
Management checks
We assess TriMas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TriMas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TRS News

Simply Wall St News

Estimating The Fair Value Of TriMas Corporation (NASDAQ:TRS)

In this article we are going to estimate the intrinsic value of TriMas Corporation (NASDAQ:TRS) by estimating the company's future cash flows and discounting them to their present value. … Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $88.45 $89.43 $90.85 $92.60 $94.61 $96.83 $99.21 $101.72 $104.37 $107.12 Growth Rate Estimate Source Analyst x2 Est @ 1.1% Est @ 1.59% Est @ 1.93% Est @ 2.17% Est @ 2.34% Est @ 2.46% Est @ 2.54% Est @ 2.6% Est @ 2.64% Present Value ($, Millions) Discounted @ 9.7% $80.63 $74.31 $68.81 $63.94 $59.55 $55.55 $51.88 $48.49 $45.35 $42.43 Present Value of 10-year Cash Flow (PVCF)= $590.95m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage.

Simply Wall St -

Does TriMas Corporation's (NASDAQ:TRS) CEO Salary Compare Well With Others?

See our latest analysis for TriMas How Does Tom Amato's Compensation Compare With Similar Sized Companies? … Our data indicates that TriMas Corporation is worth US$1.4b, and total annual CEO compensation is US$4.1m. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at TriMas.

Simply Wall St -

Does TriMas (NASDAQ:TRS) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). … Ticking those two boxes is a good sign of growth, in my book

Simply Wall St -

TriMas Corporation (NASDAQ:TRS): Time For A Financial Health Check

TriMas Corporation (NASDAQ:TRS) is a small-cap stock with a market capitalization of US$1.5b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is.

Simply Wall St -

Should You Be Worried About Insider Transactions At TriMas Corporation (NASDAQ:TRS)?

So we'll take a look at whether insiders have been buying or selling shares in TriMas Corporation (NASDAQ:TRS). … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign.

Simply Wall St -

Does The TriMas Corporation (NASDAQ:TRS) Share Price Fall With The Market?

If you're interested in TriMas Corporation (NASDAQ:TRS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

A Look At TriMas Corporation's (NASDAQ:TRS) Exceptional Fundamentals

TriMas Corporation (NASDAQ:TRS) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with great financial health as well as a.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand TriMas Corporation (NASDAQ:TRS)

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at TriMas Corporation's (NASDAQ:TRS) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

The TriMas Share Price Has Gained 92% And Shareholders Are Hoping For More

Just take a look at TriMas Corporation (NASDAQ:TRS), which is up 92%, over three years, soundly beating the market return of 53%. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … That would generally be considered a positive, so we'd expect the share price to be up

Simply Wall St -

How Much is TriMas Corporation's (NASDAQ:TRS) CEO Getting Paid?

In 2016 Tom Amato was appointed CEO of TriMas Corporation (NASDAQ:TRS). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Tom Amato's Compensation Compare With Similar Sized Companies?

Simply Wall St -

TRS Company Info

Description

TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty closure products, including steel and plastic drum closures, plastic pail dispensers and plugs, and plastic enclosures; specialty dispensing products, such as foamers, lotion pumps, fine mist sprayers, airless dispensers, and other packaging solutions for the cosmetic, personal care, and household product markets; and specialty plastic closures for bottles and jars in the food and beverage markets under the Rieke name. The Aerospace segment offers fasteners, collars, blind bolts, rivets, and precision-machined components to original equipment manufacturers, supply chain distributors, MRO/aftermarket providers, and tier one suppliers for commercial; maintenance, repair, and operations (MRO); and military aerospace applications and platforms under the TriMas Aerospace, Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, and Martinic Engineering brands. The Specialty Products segment offers steel cylinders for use in the transportation, storage, and dispensing of compressed gases under the Norris Cylinder name; industrial sealing, fastener, and specialty products for the petrochemical, petroleum refining, oil field, water/waste water treatment, and other industrial markets under the Lamons name; and various natural gas powered wellhead engines, compressors, and replacement parts for use in oil and natural gas production, and other industrial and commercial markets under the Arrow Engine name. The company sells its products through a direct sales force, third-party agents, distributors, and licensees. TriMas Corporation is headquartered in Bloomfield Hills, Michigan.

Details
Name: TriMas Corporation
TRS
Exchange: NasdaqGS
Founded:
$1,334,497,319
45,686,317
Website: http://www.trimascorp.com
Address: TriMas Corporation
38505 Woodward Avenue,
Suite 200,
Bloomfield Hills,
Michigan, 48304,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TRS Common Stock Nasdaq Global Select US USD 18. May 2007
DB MQ1 Common Stock Deutsche Boerse AG DE EUR 18. May 2007
Number of employees
Current staff
Staff numbers
4,000
TriMas employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:06
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.