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TRL

Trellidor HoldingsJSE:TRL Stock Report

Market Cap

R299.9m

7D

-4.5%

1Y

96.9%

Updated

22 Oct, 2021

Data

Company Financials
TRL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

TRL Overview

Trellidor Holdings Limited manufactures and distributes custom-made barrier security products primarily in South Africa, the United Kingdom, and Ghana.

Price History & Performance

Summary of all time highs, changes and price drops for Trellidor Holdings
Historical stock prices
Current Share PriceR3.15
52 Week HighR1.36
52 Week LowR3.74
Beta0.40
1 Month Change-2.78%
3 Month Change-2.78%
1 Year Change96.88%
3 Year Change-27.59%
5 Year Change-45.78%
Change since IPO-47.67%

Recent News & Updates

May 25
Is Trellidor Holdings (JSE:TRL) Using Too Much Debt?

Is Trellidor Holdings (JSE:TRL) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

TRLZA BuildingZA Market
7D-4.5%-3.1%-0.7%
1Y96.9%25.3%19.0%

Return vs Industry: TRL exceeded the ZA Building industry which returned 25.3% over the past year.

Return vs Market: TRL exceeded the ZA Market which returned 19% over the past year.

Price Volatility

Is TRL's price volatile compared to industry and market?
TRL volatility
TRL Beta0.40
Industry Beta0.52
Market Beta1

Stable Share Price: TRL is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TRL's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1970n/aTerry Dennisonhttps://www.trellidor.co.za

Trellidor Holdings Limited manufactures and distributes custom-made barrier security products primarily in South Africa, the United Kingdom, and Ghana. The company offers retractable security gates, security shutters, fixed burglar bars, burglar and clear guards, roller style shutters, cottage guards, and polycarbonate bar products for doors, windows, patios, safe rooms, offices, and estates, as well as retail properties. It also provides roller blinds, venetian blinds, vertical blinds, woven blinds, and shutters; and cornices, skirting, ceiling roses, and wall panels.

Trellidor Holdings Fundamentals Summary

How do Trellidor Holdings's earnings and revenue compare to its market cap?
TRL fundamental statistics
Market CapR299.91m
Earnings (TTM)R39.75m
Revenue (TTM)R518.39m

7.5x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRL income statement (TTM)
RevenueR518.39m
Cost of RevenueR297.54m
Gross ProfitR220.85m
ExpensesR181.09m
EarningsR39.75m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin42.60%
Net Profit Margin7.67%
Debt/Equity Ratio7.0%

How did TRL perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

52%

Payout Ratio

Valuation

Is Trellidor Holdings 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: TRL (ZAR3.15) is trading below our estimate of fair value (ZAR13.03)

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


Price To Earnings Ratio

PE vs Industry: TRL is good value based on its PE Ratio (7.5x) compared to the African Building industry average (11.4x).

PE vs Market: TRL is good value based on its PE Ratio (7.5x) compared to the ZA market (11.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TRL is overvalued based on its PB Ratio (1.7x) compared to the XF Building industry average (1.4x).


Future Growth

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

11.4%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Trellidor Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Trellidor Holdings performed over the past 5 years?

-32.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRL has high quality earnings.

Growing Profit Margin: TRL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TRL's earnings have declined by 32.1% per year over the past 5 years.

Accelerating Growth: TRL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TRL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Building industry (6.6%).


Return on Equity

High ROE: TRL's Return on Equity (22.5%) is considered high.


Financial Health

How is Trellidor Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TRL's short term assets (ZAR192.4M) exceed its short term liabilities (ZAR115.6M).

Long Term Liabilities: TRL's short term assets (ZAR192.4M) exceed its long term liabilities (ZAR71.4M).


Debt to Equity History and Analysis

Debt Level: TRL's debt to equity ratio (7%) is considered satisfactory.

Reducing Debt: TRL's debt to equity ratio has reduced from 18.5% to 7% over the past 5 years.

Debt Coverage: TRL's debt is well covered by operating cash flow (560.2%).

Interest Coverage: TRL's interest payments on its debt are well covered by EBIT (9.9x coverage).


Balance Sheet


Dividend

What is Trellidor Holdings's current dividend yield, its reliability and sustainability?

6.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRL's dividend (6.98%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: TRL's dividend (6.98%) is low compared to the top 25% of dividend payers in the ZA market (7.7%).


Stability and Growth of Payments

Stable Dividend: TRL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TRL's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.6%), TRL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Terry Dennison (53 yo)

20.75yrs

Tenure

R4,237,920

Compensation

Mr. Terence Mark Dennison, also known as Terry, CA has been the Chief Executive Officer of Trellidor Holdings Limited and Trellicor (pty) Ltd since 2001. Mr. Dennison joined Trellicor (pty) Ltd as Financia...


CEO Compensation Analysis

Compensation vs Market: Terry's total compensation ($USD286.63K) is about average for companies of similar size in the ZA market ($USD279.53K).

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


Leadership Team

Experienced Management: TRL's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: TRL's board of directors are considered experienced (9.5 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Trellidor Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Trellidor Holdings Limited
  • Ticker: TRL
  • Exchange: JSE
  • Founded: 1970
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: R299.911m
  • Shares outstanding: 95.21m
  • Website: https://www.trellidor.co.za

Location

  • Trellidor Holdings Limited
  • 20 Aberdare Drive
  • Phoenix Industrial Park
  • Durban
  • KwaZulu-Natal
  • 4016
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 21:02
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.