TriMas Corporation manufactures and sells products for consumer products, aerospace, industrial, petrochemical, refinery, and oil and gas end markets worldwide.
Excellent balance sheet with proven track record.
Share Price & News
How has TriMas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRS has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TRS underperformed the US Machinery industry which returned 11.4% over the past year.
Return vs Market: TRS underperformed the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is TriMas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIntroducing TriMas (NASDAQ:TRS), A Stock That Climbed 34% In The Last Three Years
3 weeks ago | Simply Wall StIs There More To TriMas Corporation (NASDAQ:TRS) Than Its 12% Returns On Capital?
1 month ago | Simply Wall StHere's Why TriMas (NASDAQ:TRS) Can Manage Its Debt Responsibly
Is TriMas undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRS ($28.44) is trading above our estimate of fair value ($25.59)
Significantly Below Fair Value: TRS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRS is good value based on its PE Ratio (16.8x) compared to the Machinery industry average (21.4x).
PE vs Market: TRS is good value based on its PE Ratio (16.8x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: TRS is poor value based on its PEG Ratio (4.6x)
Price to Book Ratio
PB vs Industry: TRS is good value based on its PB Ratio (1.9x) compared to the US Machinery industry average (2.2x).
How is TriMas forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRS's forecast earnings growth (3.7% per year) is above the savings rate (1.7%).
Earnings vs Market: TRS's earnings (3.7% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: TRS's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRS's revenue is expected to decline over the next 3 years (-8% per year).
High Growth Revenue: TRS's revenue is forecast to decline over the next 3 years (-8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRS's Return on Equity is forecast to be low in 3 years time (11%).
How has TriMas performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRS has high quality earnings.
Growing Profit Margin: TRS's current net profit margins (8.5%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: TRS's earnings have grown significantly by 24.6% per year over the past 5 years.
Accelerating Growth: TRS's earnings growth over the past year (22.9%) is below its 5-year average (24.6% per year).
Earnings vs Industry: TRS earnings growth over the past year (22.9%) exceeded the Machinery industry 2.1%.
Return on Equity
High ROE: TRS's Return on Equity (11.6%) is considered low.
Return on Assets
Return on Capital Employed
How is TriMas's financial position?
Financial Position Analysis
Short Term Liabilities: TRS's short term assets ($394.6M) exceed its short term liabilities ($135.3M).
Long Term Liabilities: TRS's short term assets ($394.6M) exceed its long term liabilities ($387.9M).
Debt to Equity History and Analysis
Debt Level: TRS's debt to equity ratio (44.5%) is considered high.
Reducing Debt: TRS's debt to equity ratio has reduced from 57.4% to 44.5% over the past 5 years.
Debt Coverage: TRS's debt is well covered by operating cash flow (37.5%).
Interest Coverage: TRS's interest payments on its debt are well covered by EBIT (9.4x coverage).
Inventory Level: TRS has a high level of physical assets or inventory.
Debt Coverage by Assets: TRS's debt is covered by short term assets (assets are 1.3x debt).
What is TriMas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TRS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TRS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Amato (56yo)
Mr. Thomas A. Amato, also known as Tom, has been the Chief Executive Officer and President at TriMas Corporation since July 28, 2016. Mr. Amato has more than 25 years of broad industrial experience. He has ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD4.07M) is about average for companies of similar size in the US market ($USD3.74M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||5.1yrs||US$1.57m||0.16% $2.1m|
|Chief Compliance Officer||15.1yrs||US$1.29m||0.13% $1.7m|
|Vice President of Operations||2yrs||no data||no data|
|Chief Accounting Officer||7.5yrs||no data||0.048% $613.6k|
|Vice President of Investor Relations & Communications||12.3yrs||no data||no data|
|President of Packaging||6.1yrs||no data||no data|
|President of Norris Cylinder - Engineered Components||5.1yrs||no data||no data|
|President of Energy Segment||3.8yrs||no data||no data|
|President of Aerospace||3.2yrs||no data||no data|
Experienced Management: TRS's management team is seasoned and experienced (5.1 years average tenure).
|Independent Director||17.7yrs||US$219.00k||0.078% $997.7k|
|Independent Director||15.1yrs||US$224.00k||0.22% $2.9m|
|Chairman of the Board||17.7yrs||US$351.00k||0.054% $697.9k|
|Independent Director||6.3yrs||US$218.00k||0.064% $817.3k|
|Independent Director||1.2yrs||US$5.44k||0.011% $142.9k|
|Independent Director||5yrs||US$218.00k||0.077% $983.9k|
|Director||0yrs||no data||no data|
|Director||0yrs||no data||no data|
Experienced Board: TRS's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TriMas Corporation's company bio, employee growth, exchange listings and data sources
- Name: TriMas Corporation
- Ticker: TRS
- Exchange: NasdaqGS
- Founded: 1986
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$1.281b
- Shares outstanding: 45.05m
- Website: https://www.trimascorp.com
Number of Employees
- TriMas Corporation
- 38505 Woodward Avenue
- Suite 200
- Bloomfield Hills
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRS||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||May 2007|
|MQ1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 2007|
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 was founded in 1986 is headquartered in Bloomfield Hills, Michigan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 00:19|
|End of Day Share Price||2020/02/14 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.