Trinity Capital Inc.

NasdaqGS:TRIN Stock Report

Market Cap: US$842.4m

Trinity Capital Valuation

Is TRIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRIN ($14.36) is trading below our estimate of fair value ($32.13)

Significantly Below Fair Value: TRIN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRIN?

Key metric: As TRIN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TRIN. This is calculated by dividing TRIN's market cap by their current earnings.
What is TRIN's PE Ratio?
PE Ratio9.7x
EarningsUS$87.44m
Market CapUS$842.35m

Price to Earnings Ratio vs Peers

How does TRIN's PE Ratio compare to its peers?

The above table shows the PE ratio for TRIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.4x
CSWC Capital Southwest
13.5x25.5%US$995.7m
GAM General American Investors Company
4.1xn/aUS$1.2b
PX P10
115.1x50.0%US$1.4b
SCRM Screaming Eagle Acquisition
68.9xn/aUS$954.4m
TRIN Trinity Capital
9.7x21.3%US$842.4m

Price-To-Earnings vs Peers: TRIN is good value based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (50.4x).

Price to Earnings Ratio vs Industry

How does TRIN's PE Ratio compare vs other companies in the US Capital Markets Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
3.6xn/aUS$2.24b
CET Central Securities
4.4xn/aUS$1.29b
GAM General American Investors Company
4.1xn/aUS$1.21b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
TRIN 9.7xIndustry Avg. 23.7xNo. of Companies71PE020406080100+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRIN is good value based on its Price-To-Earnings Ratio (9.7x) compared to the US Capital Markets industry average (23.7x).

Price to Earnings Ratio vs Fair Ratio

What is TRIN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.7x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: TRIN is good value based on its Price-To-Earnings Ratio (9.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.36
US$15.59
+8.6%
7.5%US$17.00US$13.00n/a8
Dec ’25US$14.67
US$15.59
+6.3%
7.5%US$17.00US$13.00n/a8
Nov ’25US$13.35
US$15.50
+16.1%
7.4%US$17.00US$13.00n/a8
Oct ’25US$13.36
US$15.63
+17.0%
5.7%US$17.00US$14.00n/a8
Sep ’25US$14.04
US$15.63
+11.3%
5.7%US$17.00US$14.00n/a8
Aug ’25US$14.52
US$15.63
+7.6%
6.3%US$17.00US$14.00n/a8
Jul ’25US$14.05
US$15.56
+10.8%
5.9%US$17.00US$14.00n/a8
Jun ’25US$14.91
US$15.56
+4.4%
5.9%US$17.00US$14.00n/a8
May ’25US$14.71
US$15.63
+6.2%
6.1%US$17.00US$14.00n/a8
Apr ’25US$14.49
US$15.69
+8.3%
5.9%US$17.00US$14.00n/a8
Mar ’25US$14.49
US$15.50
+7.0%
5.6%US$17.00US$14.00n/a8
Feb ’25US$13.83
US$15.50
+12.1%
5.6%US$17.00US$14.00n/a8
Jan ’25US$14.53
US$15.56
+7.1%
5.4%US$17.00US$14.00n/a8
Dec ’24US$14.79
US$15.56
+5.2%
5.4%US$17.00US$14.00US$14.678
Nov ’24US$14.29
US$15.56
+8.9%
5.4%US$17.00US$14.00US$13.358
Oct ’24US$13.92
US$15.56
+11.8%
5.4%US$17.00US$14.00US$13.368
Sep ’24US$14.55
US$15.56
+7.0%
5.4%US$17.00US$14.00US$14.048
Aug ’24US$14.58
US$14.28
-2.0%
9.4%US$16.00US$12.25US$14.528
Jul ’24US$13.26
US$12.93
-2.5%
11.5%US$15.00US$11.00US$14.057
Jun ’24US$12.86
US$12.93
+0.5%
11.5%US$15.00US$11.00US$14.917
May ’24US$12.49
US$13.79
+10.4%
12.5%US$16.00US$11.00US$14.717
Apr ’24US$12.73
US$13.86
+8.9%
11.8%US$16.00US$11.00US$14.497
Mar ’24US$13.34
US$13.21
-0.9%
7.0%US$15.00US$12.00US$14.497
Feb ’24US$13.37
US$12.86
-3.8%
11.3%US$15.00US$10.00US$13.837
Jan ’24US$10.93
US$14.04
+28.4%
22.0%US$20.50US$10.00US$14.537
Dec ’23US$10.76
US$12.89
+19.8%
12.5%US$15.00US$10.00US$14.797

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 00:07
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Trinity Capital Inc. is covered by 9 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bryce RoweB. Riley Securities, Inc.
Casey AlexanderCompass Point Research & Trading, LLC
Mitchel PennJanney Montgomery Scott LLC