NasdaqCM:TMCX

Stock Analysis Report

Executive Summary

Trinity Merger Corp. develops, owns, and manages various branded hotels in the United Kingdom.


Snowflake Analysis

Concerning outlook with poor track record.

Share Price & News

How has Trinity Merger's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TMCX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.8%

TMCX

-4.2%

US Capital Markets

-4.2%

US Market


1 Year Return

11.2%

TMCX

12.0%

US Capital Markets

14.0%

US Market

Return vs Industry: TMCX underperformed the US Capital Markets industry which returned 21.7% over the past year.

Return vs Market: TMCX underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

TMCXIndustryMarket
7 Day3.8%-4.2%-4.2%
30 Day4.9%-2.1%-1.8%
90 Day5.9%1.1%2.6%
1 Year11.2%11.2%14.3%12.0%16.3%14.0%
3 Yearn/a35.2%27.6%43.2%34.0%
5 Yearn/a74.5%58.3%65.9%47.6%

Price Volatility Vs. Market

How volatile is Trinity Merger's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Trinity Merger undervalued compared to its fair value and its price relative to the market?

312.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TMCX ($11) is trading above our estimate of fair value ($1.76)

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


Price To Earnings Ratio

PE vs Industry: TMCX is poor value based on its PE Ratio (312.4x) compared to the Capital Markets industry average (36.1x).

PE vs Market: TMCX is poor value based on its PE Ratio (312.4x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TMCX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TMCX is overvalued based on its PB Ratio (94.9x) compared to the US Capital Markets industry average (6.6x).


Next Steps

Future Growth

How is Trinity Merger forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TMCX's forecast earnings growth (10.5% per year) is above the savings rate (2.7%).

Earnings vs Market: TMCX's earnings (10.5% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: Insufficient data to determine if TMCX's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if TMCX's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Trinity Merger performed over the past 5 years?

17.3%

Historical Diversified Financials annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: Insufficient data to determine if TMCX's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if TMCX's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare TMCX's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: Insufficient data to determine if TMCX's earnings growth over the past year exceeded the Capital Markets industry average.


Return on Equity

High ROE: TMCX's Return on Equity (30.4%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Trinity Merger's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: TMCX has a low level of unsold assets or inventory.

Debt Coverage by Assets: TMCX's debt is covered by short term assets (assets are 360.4x debt).


Financial Institutions Analysis

Asset Level: TMCX's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if TMCX has a sufficient allowance for bad loans.

Low Risk Liabilities: TMCX reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if TMCX has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TMCX has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if TMCX has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TMCX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TMCX'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 TMCX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TMCX'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 TMCX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.5yrs

Average board tenure


CEO

Sean Hehir (46yo)

0

Mr. Sean Allen Hehir serves as Chief Executive Officer, President and Director of Trinity Merger Corp. Mr. Hehir has more than 20 years of experience in real estate investment and asset management, and cur ...


Board Members

NamePositionTenureCompensationOwnership
Sean Hehir
CEO, President & Director0yrsno datano data
Richard Wacker
Independent Director1.5yrsno datano data
Lee Neibart
Chairman0yrsno datano data
Warren de Haan
Independent Director1.5yrsno datano data
Catherine Luke
Independent Director1.5yrsno datano data

1.5yrs

Average Tenure

47yo

Average Age

Experienced Board: TMCX's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Trinity Merger Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trinity Merger Corp.
  • Ticker: TMCX
  • Exchange: NasdaqCM
  • Founded: 2018
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$474.375m
  • Shares outstanding: 43.13m
  • Website: https://www.trinity-merger.com

Location

  • Trinity Merger Corp.
  • 55 Merchant Street
  • Suite 1500
  • Honolulu
  • Hawaii
  • 96813
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TMCX.UNasdaqCM (Nasdaq Capital Market)UnitsUSUSDMay 2018
TMCXNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDMay 2018
35RDB (Deutsche Boerse AG)YesClass A Common StockDEEURMay 2018

Biography

Trinity Merger Corp. develops, owns, and manages various branded hotels in the United Kingdom. It also invests in various commercial and residential units. The company was founded in 2018 and is based in Honolulu, Hawaii. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/15 00:48
End of Day Share Price2019/11/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.