Trinity Biotech
Market Cap
US$19.9m
Last Updated
2020/02/27 00:38 UTC
Data Sources
Company Financials +
Executive Summary
Trinity Biotech plc acquires, develops, manufactures, and markets medical diagnostic products for the clinical laboratory and point-of-care (POC) segments of the diagnostic market in the United States, Africa, Asia, and Europe.
Rewards
Risk Analysis
Earnings have declined by -51.21% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Fair value with imperfect balance sheet.
Similar Companies
Share Price & News
How has Trinity Biotech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRIB's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.0%
TRIB
-7.5%
US Medical Equipment
-7.6%
US Market
1 Year Return
-68.8%
TRIB
10.7%
US Medical Equipment
10.2%
US Market
Return vs Industry: TRIB underperformed the US Medical Equipment industry which returned 12.7% over the past year.
Return vs Market: TRIB underperformed the US Market which returned 10.5% over the past year.
Shareholder returns
| TRIB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | -7.5% | -7.6% |
| 30 Day | -13.6% | -6.6% | -4.5% |
| 90 Day | -5.9% | -2.3% | -0.6% |
| 1 Year | -68.8%-68.8% | 11.6%10.7% | 12.5%10.2% |
| 3 Year | -84.6%-84.6% | 64.4%59.8% | 37.1%28.3% |
| 5 Year | -94.8%-94.9% | 98.6%77.8% | 60.8%43.2% |
Price Volatility Vs. Market
How volatile is Trinity Biotech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Is Trinity Biotech plc's (NASDAQ:TRIB) CEO Being Overpaid?3 weeks ago | Simply Wall St
What Kind Of Shareholder Owns Most Trinity Biotech plc (NASDAQ:TRIB) Stock?1 month ago | Simply Wall St
Does Trinity Biotech plc (NASDAQ:TRIB) Have A Volatile Share Price?Valuation
Is Trinity Biotech 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: TRIB ($0.95) is trading below our estimate of fair value ($4.47)
Significantly Below Fair Value: TRIB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TRIB is unprofitable, so we can't compare its PE Ratio to the Medical Equipment industry average.
PE vs Market: TRIB is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TRIB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRIB is good value based on its PB Ratio (0.5x) compared to the US Medical Equipment industry average (4x).
Next Steps
Future Growth
How is Trinity Biotech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
5.5%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if TRIB's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if TRIB's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TRIB's revenue (5.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: TRIB's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRIB's Return on Equity is forecast to be low in 3 years time (17%).
Next Steps
Past Performance
How has Trinity Biotech performed over the past 5 years?
-51.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRIB is currently unprofitable.
Growing Profit Margin: TRIB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TRIB is unprofitable, and losses have increased over the past 5 years at a rate of -51.2% per year.
Accelerating Growth: Unable to compare TRIB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TRIB is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (1.7%).
Return on Equity
High ROE: TRIB has a negative Return on Equity (-77.36%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Trinity Biotech's financial position?
Financial Position Analysis
Short Term Liabilities: TRIB's short term assets ($81.1M) exceed its short term liabilities ($25.9M).
Long Term Liabilities: TRIB's short term assets ($81.1M) do not cover its long term liabilities ($108.4M).
Debt to Equity History and Analysis
Debt Level: TRIB's debt to equity ratio (207.8%) is considered high.
Reducing Debt: Insufficient data to determine if TRIB's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: TRIB has a high level of physical assets or inventory.
Debt Coverage by Assets: TRIB's debt is covered by short term assets (assets are 1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TRIB has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TRIB has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Trinity Biotech's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TRIB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRIB'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 TRIB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRIB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TRIB is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TRIB'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?
11.3yrs
Average board tenure
CEO
Ronan O’Caoimh (63yo)
11.3yrs
Tenure
US$585,000
Compensation
Mr. Ronan O'Caoimh co-founded Trinity Biotech PLC in June 1992 and has been its Chief Executive Officer since October 2008. Mr. O'Caoimh served as Chief Executive Officer of Trinity Biotech PLC from March ...
CEO Compensation Analysis
Compensation vs Market: Ronan's total compensation ($USD585.00K) is about average for companies of similar size in the US market ($USD524.26K).
Compensation vs Earnings: Ronan's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 11.3yrs | US$585.00k | 8.44% $1.7m | |
| CFO, Company Secretary & Executive Director | 3.4yrs | US$523.00k | 0.18% $35.6k | |
| Executive Director | 13.1yrs | US$9.00k | 1.89% $375.8k | |
| Non-Executive Director | 11.3yrs | US$75.00k | 1.73% $342.9k | |
| Non-Executive Director & Lead Director | 0yrs | no data | 0.038% $7.6k | |
| Non-Executive Director | 11yrs | US$75.00k | no data |
11.3yrs
Average Tenure
64yo
Average Age
Experienced Board: TRIB's board of directors are seasoned and experienced ( 11.3 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
Trinity Biotech plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Trinity Biotech plc
- Ticker: TRIB
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Health Care Equipment
- Sector: Healthcare
- Market Cap: US$19.857m
- Shares outstanding: 20.90m
- Website: https://www.trinitybiotech.com
Number of Employees
Location
- Trinity Biotech plc
- IDA Business Park
- Bray
- Co. Wicklow
- Ireland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRIB | NasdaqGS (Nasdaq Global Select) | Yes | ADR EACH REPR 4 CLS'A'ORD USD0.019 | US | USD | Oct 1992 |
| TRBA | DB (Deutsche Boerse AG) | Yes | ADR EACH REPR 4 CLS'A'ORD USD0.019 | DE | EUR | Oct 1992 |
Biography
Trinity Biotech plc acquires, develops, manufactures, and markets medical diagnostic products for the clinical laboratory and point-of-care (POC) segments of the diagnostic market in the United States, Africa, Asia, and Europe. The company offers clinical laboratory products, including diagnostic tests and instrumentation, which detect infectious diseases, such as lyme disease, sexually transmitted diseases, respiratory infections, epstein barr virus, and other viral pathogens; and products for the in-vitro diagnostic testing for haemoglobin A1c used in the monitoring and diagnosis of diabetes, and identifying those who are at a risk of developing diabetes. It also develops, manufactures, and distributes products in the immunofluorescence assay, enzyme-linked immunosorbent, western blot, and line immunoassay formats; and provides reagent products, such as ACE, bile acids, lactate, oxalate, and glucose-6-phosphate dehydrogenase for diagnosis of liver and kidney diseases, as well as haemolytic anaemia. In addition, the company sells raw materials to the life sciences industry and research industries. The company sells its products through its direct sales force; and a network of independent distributors, and strategic partners. Its customers include public health facilities, hospitals, and other outreach facilities, as well as clinical and reference laboratories. Trinity Biotech plc was founded in 1992 and is headquartered in Bray, Ireland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 00:38 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.