TriMas Corporation manufactures and provides products for consumer products, aerospace, and industrial end markets worldwide.
Mediocre balance sheet and slightly overvalued.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TRS underperformed the US Machinery industry which returned 3.5% over the past year.
Return vs Market: TRS underperformed the US Market which returned 9.7% 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 month ago | Simply Wall StDeclining Stock and Decent Financials: Is The Market Wrong About TriMas Corporation (NASDAQ:TRS)?
1 month ago | Simply Wall StHere's What TriMas Corporation's (NASDAQ:TRS) P/E Is Telling Us
2 months ago | Simply Wall StWas TriMas Corporation's (NASDAQ:TRS) Earnings Decline Part Of A Broader Industry Downturn?
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 ($25.89) is trading above our estimate of fair value ($7.81)
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 (19.2x) compared to the Machinery industry average (21.7x).
PE vs Market: TRS is poor value based on its PE Ratio (19.2x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: TRS is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: TRS is good value based on its PB Ratio (1.7x) 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 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRS's forecast earnings growth (7% per year) is above the savings rate (2.2%).
Earnings vs Market: TRS's earnings (7% per year) are forecast to grow slower than the US market (22.4% per year).
High Growth Earnings: TRS's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRS's revenue (2.8% per year) is forecast to grow slower than the US market (8.7% per year).
High Growth Revenue: TRS's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TRS's Return on Equity is forecast to be high in 3 years time
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 (8.3%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: TRS's earnings have grown significantly by 35.5% per year over the past 5 years.
Accelerating Growth: TRS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRS had negative earnings growth (-5.4%) over the past year, making it difficult to compare to the Machinery industry average (-5.7%).
Return on Equity
High ROE: TRS's Return on Equity (9%) is considered low.
How is TriMas's financial position?
Financial Position Analysis
Short Term Liabilities: TRS's short term assets ($485.3M) exceed its short term liabilities ($104.5M).
Long Term Liabilities: TRS's short term assets ($485.3M) do not cover its long term liabilities ($540.5M).
Debt to Equity History and Analysis
Debt Level: TRS's debt to equity ratio (65.9%) is considered high.
Reducing Debt: TRS's debt to equity ratio has reduced from 111.5% to 65.9% over the past 5 years.
Debt Coverage: TRS's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: TRS's interest payments on its debt are well covered by EBIT (6.2x coverage).
What is TriMas's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TRS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TRS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TRS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Amato (56yo)
Mr. Thomas A. Amato, also known as Tom, has been the Chief Executive Officer and President at TriMas Corporation since July 28, 2016. Mr. Amato has more than 25 years of broad industrial experience. He has ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD3.86M) is about average for companies of similar size in the US market ($USD3.10M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||5.42yrs||US$1.47m||0.22% $2.4m|
|Chief Compliance Officer||15.42yrs||US$1.19m||0.14% $1.6m|
|Vice President of Operations||2.33yrs||no data||no data|
|Chief Accounting Officer||7.83yrs||no data||0.062% $700.3k|
|Vice President of Investor Relations & Communications||12.67yrs||no data||no data|
|President of Packaging||6.42yrs||no data||no data|
|President of Norris Cylinder - Engineered Components||5.42yrs||no data||no data|
|President of Energy Segment||4.08yrs||no data||no data|
|President of Aerospace||3.5yrs||no data||no data|
Experienced Management: TRS's management team is seasoned and experienced (5.4 years average tenure).
|Independent Director||18yrs||US$216.65k||0.081% $908.5k|
|Independent Chairman of the Board||18yrs||US$350.00k||0.057% $635.4k|
|Independent Director||6.58yrs||US$215.00k||0.056% $625.0k|
|Independent Director||1.5yrs||US$210.00k||0.023% $261.5k|
|Independent Director||5.33yrs||US$216.99k||0.054% $612.6k|
|Independent Director||0.33yr||no data||no data|
|Independent Director||0.33yr||no data||0.016% $180.0k|
Experienced Board: TRS's board of directors are considered experienced (4.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRS 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.
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$1.124b
- Shares outstanding: 43.41m
- 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 provides products for consumer products, aerospace, and industrial end markets worldwide. It operates in three segments: Packaging, Aerospace, and Specialty Products. The Packaging segment designs, manufactures, and sells specialty polymeric and steel closure products, including steel drum enclosures, 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, pharmaceutical, and household product markets; specialty plastic closures for bottles and jars in the food and beverage markets; and single-bodied and assembled caps and closures under the Rieke, Taplast, and Stolz brands. The Aerospace segment offers fasteners, collars, blind bolts, and rivets 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 Monogram Aerospace Fasteners, Allfast Fastening Systems, and Mac Fasteners brands. The Specialty Products segment offers steel cylinders for use in the transportation, storage, and dispensing of compressed gases under the Norris Cylinder brand; natural gas powered wellhead engines, compressors, replacement parts, compressors, compressor packaging, and gas production equipment under the Arrow brand; and machined metallic components, including auxiliary power units, as well as electrical, hydraulic, and pneumatic systems for aerospace applications under the Martinic Engineering brand. This segment also provides spare parts for various industrial engines under the Caterpillar, Waukesha, and Ajax brands. The company sells its products through a direct sales force, third-party agents, and distributors. TriMas Corporation was incorporated in 1986 and is based in Bloomfield Hills, Michigan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 03:35|
|End of Day Share Price||2020/06/05 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.