Trine II Acquisition Corp.

NYSE:TRAQ Stock Report

Market Cap: US$543.4m

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Trine II Acquisition Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 TRAQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate TRAQ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TRAQ's fair value for valuation analysis.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TRAQ. This is calculated by dividing TRAQ's market cap by their current earnings.
What is TRAQ's PE Ratio?
PE Ratio21.2x
EarningsUS$25.63m
Market CapUS$543.38m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TRAQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.3x
AGAC.F African Gold Acquisition
14.7xn/aUS$158.6m
DHIL Diamond Hill Investment Group
9.1xn/aUS$450.2m
PEO Adams Natural Resources Fund
6.4xn/aUS$602.7m
ZING FTAC Zeus Acquisition
66.9xn/aUS$587.6m
TRAQ Trine II Acquisition
21.2xn/aUS$543.4m

Price-To-Earnings vs Peers: TRAQ is good value based on its Price-To-Earnings Ratio (21.2x) compared to the peer average (28.5x).


Price to Earnings Ratio vs Industry

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

23 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
3.7xn/aUS$2.30b
CET Central Securities
4.5xn/aUS$1.33b
GAM General American Investors Company
4.2xn/aUS$1.20b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
TRAQ 21.2xIndustry Avg. 24.0xNo. of Companies73PE020406080100+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRAQ is good value based on its Price-To-Earnings Ratio (21.2x) compared to the US Capital Markets industry average (27.6x)


Price to Earnings Ratio vs Fair Ratio

What is TRAQ'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.

TRAQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TRAQ's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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