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TRTN

Triton International NYSE:TRTN Stock Report

Last Price

US$62.85

Market Cap

US$4.0b

7D

3.2%

1Y

21.5%

Updated

25 May, 2022

Data

Company Financials +
TRTN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends3/6

TRTN Stock Overview

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers.

Triton International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Triton International
Historical stock prices
Current Share PriceUS$62.85
52 Week HighUS$72.34
52 Week LowUS$46.75
Beta1.41
1 Month Change1.91%
3 Month Change-2.15%
1 Year Change21.54%
3 Year Change106.81%
5 Year Change124.30%
Change since IPO297.79%

Recent News & Updates

May 13

Triton International Preferred - Consider For 7.5% Qualified Yield

Triton is an investment grade issuer since March 2021, rated BBB- by S&P. Triton released solid Q1 results and its stock price is flat in 2022, reflecting its strong business & outlook. 8.0% and 8.5% preferred stock issued in 2019 will likely be called when first callable in 2024. Prices for preferred have plunged presenting a unique 7.5%+ yield for tax qualified issues likely to be called in 2 years.

May 06

Triton International: Dividend Stock Tailor-Made For The Current Environment

Triton International posted fantastic Q1 results, posting adjusted net income. The company continues to multiple market tailwinds, which, combined with its multi-year leases, are set to keep producing record profits. Shares still offer 45%+ upside, remaining substantially undervalued.

May 04
Returns On Capital Are Showing Encouraging Signs At Triton International (NYSE:TRTN)

Returns On Capital Are Showing Encouraging Signs At Triton International (NYSE:TRTN)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...

Shareholder Returns

TRTNUS Trade DistributorsUS Market
7D3.2%0.4%1.0%
1Y21.5%-6.0%-15.1%

Return vs Industry: TRTN exceeded the US Trade Distributors industry which returned -6.1% over the past year.

Return vs Market: TRTN exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is TRTN's price volatile compared to industry and market?
TRTN volatility
TRTN Average Weekly Movement5.3%
Trade Distributors Industry Average Movement7.3%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: TRTN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TRTN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980237Brian Sondeyhttps://www.tritoninternational.com

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis 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 containers, as well as provides maritime container management services.

Triton International Fundamentals Summary

How do Triton International's earnings and revenue compare to its market cap?
TRTN fundamental statistics
Market CapUS$4.04b
Earnings (TTM)US$536.41m
Revenue (TTM)US$1.75b

7.5x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRTN income statement (TTM)
RevenueUS$1.75b
Cost of RevenueUS$23.71m
Gross ProfitUS$1.72b
Other ExpensesUS$1.19b
EarningsUS$536.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.35
Gross Margin98.64%
Net Profit Margin30.68%
Debt/Equity Ratio272.8%

How did TRTN perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

30%

Payout Ratio

Does TRTN pay a reliable dividends?

See TRTN dividend history and benchmarks
When do you need to buy TRTN by to receive an upcoming dividend?
Triton International dividend dates
Ex Dividend DateJun 08 2022
Dividend Pay DateJun 23 2022
Days until Ex dividend12 days
Days until Dividend pay date27 days

Does TRTN pay a reliable dividends?

See TRTN dividend history and benchmarks

Valuation

Is Triton International undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


7.52x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: TRTN ($62.85) is trading above our estimate of fair value ($37.32)

Significantly Below Fair Value: TRTN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TRTN is good value based on its Price-To-Earnings Ratio (7.5x) compared to the US Trade Distributors industry average (12.6x).

PE vs Market: TRTN is good value based on its Price-To-Earnings Ratio (7.5x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: TRTN is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: TRTN is good value based on its Price-To-Book Ratio (1.6x) compared to the US Trade Distributors industry average (2x).


Future Growth

How is Triton International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRTN's forecast earnings growth (5.8% per year) is above the savings rate (1.9%).

Earnings vs Market: TRTN's earnings (5.8% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: TRTN's earnings are forecast to grow, but not significantly.

Revenue vs Market: TRTN's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: TRTN's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TRTN's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Triton International performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRTN has a high level of non-cash earnings.

Growing Profit Margin: TRTN's current net profit margins (30.7%) are higher than last year (24.9%).


Past Earnings Growth Analysis

Earnings Trend: TRTN's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: TRTN's earnings growth over the past year (53%) exceeds its 5-year average (14.2% per year).

Earnings vs Industry: TRTN earnings growth over the past year (53%) underperformed the Trade Distributors industry 80.4%.


Return on Equity

High ROE: TRTN's Return on Equity (18.3%) is considered low.


Financial Health

How is Triton International's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TRTN's short term assets ($2.3B) exceed its short term liabilities ($129.2M).

Long Term Liabilities: TRTN's short term assets ($2.3B) do not cover its long term liabilities ($9.2B).


Debt to Equity History and Analysis

Debt Level: TRTN's net debt to equity ratio (269.4%) is considered high.

Reducing Debt: TRTN's debt to equity ratio has reduced from 357.8% to 272.8% over the past 5 years.

Debt Coverage: TRTN's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: TRTN's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Dividend

What is Triton International current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.14%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 26 2022Ex Dividend DateJun 08 2022Dividend Pay DateJun 23 202215 days from Ex DividendBuy in the next 12 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TRTN's dividend (4.14%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: TRTN's dividend (4.14%) is in the top 25% of dividend payers in the US market (4.06%)


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 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.1%), TRTN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: TRTN is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Brian Sondey (54 yo)

5.83yrs

Tenure

US$5,768,732

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 ($USD5.77M) is about average for companies of similar size in the US market ($USD6.91M).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TRTN's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: TRTN's board of directors are considered experienced (5.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Triton International Limited's 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
  • Implied Market Cap: US$4.036b
  • Shares outstanding: 64.21m
  • Website: https://www.tritoninternational.com

Number of Employees


Location

  • Triton International Limited
  • Victoria Place
  • 5th Floor
  • Hamilton
  • HM 10
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.