Triton International
Market Cap
US$2.8b
Last Updated
2020/02/24 02:36 UTC
Data Sources
Company Financials +
Executive Summary
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued average dividend payer.
Similar Companies
Share Price & News
How has Triton International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRTN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.0%
TRTN
-0.6%
US Trade Distributors
-1.1%
US Market
1 Year Return
15.5%
TRTN
9.2%
US Trade Distributors
17.8%
US Market
Return vs Industry: TRTN exceeded the US Trade Distributors industry which returned 9.2% over the past year.
Return vs Market: TRTN underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| TRTN | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | -0.6% | -1.1% |
| 30 Day | 0.7% | 0.3% | 1.5% |
| 90 Day | -0.5% | -0.5% | 6.6% |
| 1 Year | 23.1%15.5% | 11.3%9.2% | 20.2%17.8% |
| 3 Year | 80.6%51.1% | 20.5%14.9% | 47.5%38.1% |
| 5 Year | n/a | 42.9%32.2% | 71.2%52.4% |
Price Volatility Vs. Market
How volatile is Triton International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
What Kind Of Shareholders Own Triton International Limited (NYSE:TRTN)?2 weeks ago | Simply Wall St
Did Triton International's (NYSE:TRTN) Share Price Deserve to Gain 58%?1 month ago | Simply Wall St
Here's What Triton International Limited's (NYSE:TRTN) P/E Ratio Is Telling UsValuation
Is Triton International undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRTN ($38.24) is trading below our estimate of fair value ($80.66)
Significantly Below Fair Value: TRTN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TRTN is good value based on its PE Ratio (8.4x) compared to the Trade Distributors industry average (15.9x).
PE vs Market: TRTN is good value based on its PE Ratio (8.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: TRTN is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: TRTN is good value based on its PB Ratio (1.3x) compared to the US Trade Distributors industry average (1.6x).
Next Steps
Future Growth
How is Triton International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
3.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRTN's forecast earnings growth (3.7% per year) is above the savings rate (1.7%).
Earnings vs Market: TRTN's earnings (3.7% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: TRTN's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRTN's revenue (0.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: TRTN's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRTN's Return on Equity is forecast to be low in 3 years time (16.2%).
Next Steps
Past Performance
How has Triton International performed over the past 5 years?
37.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRTN has high quality earnings.
Growing Profit Margin: TRTN's current net profit margins (24.4%) are lower than last year (24.9%).
Past Earnings Growth Analysis
Earnings Trend: TRTN's earnings have grown significantly by 37.5% per year over the past 5 years.
Accelerating Growth: TRTN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRTN had negative earnings growth (-3%) over the past year, making it difficult to compare to the Trade Distributors industry average (5.2%).
Return on Equity
High ROE: TRTN's Return on Equity (14%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Triton International's financial position?
Financial Position Analysis
Short Term Liabilities: TRTN's short term assets ($930.6M) exceed its short term liabilities ($176.2M).
Long Term Liabilities: TRTN's short term assets ($930.6M) do not cover its long term liabilities ($6.9B).
Debt to Equity History and Analysis
Debt Level: TRTN's debt to equity ratio (262.2%) is considered high.
Reducing Debt: TRTN's debt to equity ratio has increased from 261.2% to 262.2% over the past 5 years.
Debt Coverage: TRTN's debt is not well covered by operating cash flow (16%).
Interest Coverage: TRTN's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Inventory Level: TRTN has a low level of unsold assets or inventory.
Debt Coverage by Assets: TRTN's debt is not covered by short term assets (assets are 0.1x debt).
Next Steps
Dividend
What is Triton International's current dividend yield, its reliability and sustainability?
5.44%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Triton International before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TRTN's dividend (5.44%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: TRTN's dividend (5.44%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TRTN has been paying a dividend for less than 10 years.
Growing Dividend: TRTN's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.5%), TRTN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRTN's dividends in 3 years are forecast to be well covered by earnings (47.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Brian Sondey (52yo)
3.6yrs
Tenure
US$4,473,327
Compensation
Mr. Brian M. Sondey has been the Chairman of the Board and Chief Executive Officer of Triton International Limited since July 12, 2016. Mr. Sondey serves as the Chief Executive Officer at TAL International ...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD4.47M) is about average for companies of similar size in the US market ($USD4.86M).
Compensation vs Earnings: Brian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3.6yrs | US$4.47m | 0.66% $18.2m | |
| Senior VP & CFO | 3.6yrs | US$1.33m | 0.15% $4.2m | |
| Executive VP and Global Head of Field Marketing & Operations | 3.6yrs | US$1.26m | 0.20% $5.4m | |
| Senior Vice President of Triton Container Sales | 0yrs | US$1.15m | 0.098% $2.7m | |
| Principal Accounting Officer | 0yrs | no data | 0.012% $324.0k | |
| Senior Vice President of Finance & Investor Relations | 0yrs | no data | no data | |
| Senior VP | 0.2yrs | no data | 0.012% $324.0k |
3.6yrs
Average Tenure
55.5yo
Average Age
Experienced Management: TRTN's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3.6yrs | US$4.47m | 0.66% $18.2m | |
| Lead Independent Director | 0yrs | US$251.54k | no data | |
| Independent Director | 3.6yrs | US$231.54k | 0.048% $1.3m | |
| Independent Director | 4.3yrs | US$241.54k | 0.045% $1.3m | |
| Independent Director | 3.6yrs | US$231.54k | 0.030% $832.9k | |
| Independent Director | 3.6yrs | US$251.54k | 0.055% $1.5m | |
| Independent Director | 1.1yrs | no data | 0.0085% $233.8k | |
| Independent Director | 8.1yrs | US$246.54k | 0.043% $1.2m | |
| Independent Director | 3.6yrs | US$231.54k | 0.072% $2.0m | |
| Director | 3.6yrs | US$3.69m | 0.31% $8.5m |
3.6yrs
Average Tenure
58.5yo
Average Age
Experienced Board: TRTN's board of directors are considered experienced (3.6 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Triton International Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Triton International Limited
- Ticker: TRTN
- Exchange: NYSE
- Founded: 1980
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$2.757b
- Shares outstanding: 72.10m
- Website: https://www.trtn.com
Number of Employees
Location
- Triton International Limited
- Canon's Court
- 22 Victoria Street
- Hamilton
- HM 12
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TR7 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 2016 |
| TRTN | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jul 2016 |
| TRTN.PRA | NYSE (New York Stock Exchange) | 8.5% CUM RED A | US | USD | Mar 2019 | |
| TRTN.PRB | NYSE (New York Stock Exchange) | 8% CUM PFD SER B | US | USD | Jun 2019 | |
| TRTN.PRC | NYSE (New York Stock Exchange) | 7.375 CUM PFD C | US | USD | Nov 2019 | |
| TRTN.PRD | NYSE (New York Stock Exchange) | 6.875 PFD SR D | US | USD | Jan 2020 |
Biography
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services. As of December 31, 2018, its total fleet consisted of 3.7 million containers and chassis representing 6.2 million twenty-foot equivalent units. The company also purchases containers from shipping line customers and other sellers, and resells these containers to container retailers and users. It operates in Asia, Europe, the Americas, Bermuda, and internationally. The company was founded in 1980 and is based in Hamilton, Bermuda.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 02:36 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.