Trigano SA (TRI) AI Stock Analysis

• Market Cap: $2.96B
• Dividend Yield: 2.28%
• Average Volume (3M): 19.84K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 1.25
• Revenue Growth: -2.14%
• EPS Growth: -18.29%
• Country: FR
• Employees: 10,652
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 5.47
• Shares Outstanding: 19,336,267
• 10 Day Avg. Volume: 15,118
• 30 Day Avg. Volume: 19,840
• PEG Ratio: -0.95
• Price to Book (P/B): 1.89
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $173.75
• Price Target Upside: 13.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 74 Outperform
• Price Target: €164.00 ▲(6.84%Upside)

Trigano SA's overall score reflects strong financial performance and attractive valuation metrics, offset by technical indicators suggesting overbought conditions and concerns over cash flow management.

Trigano SA Business Overview & Revenue Model

Company Description

Trigano SA is a leading European manufacturer specializing in the production and sale of leisure vehicles and outdoor equipment. The company is predominantly recognized for its production of recreational vehicles, including motorhomes, caravans, and campervans. Trigano also offers a range of accessories and equipment for these vehicles, as well as camping gear and trailers, catering to the growing demand for leisure and outdoor activities.

How the Company Makes Money

Trigano SA generates revenue primarily through the sale of its leisure vehicles and related accessories. The company's main revenue streams include the manufacturing and sale of motorhomes, caravans, and campervans, which constitute the bulk of its earnings. Trigano also earns income from its outdoor equipment segment, which includes camping gear and trailers. A substantial portion of its revenue is derived from its extensive distribution network across Europe, which includes partnerships with dealerships and retailers. The company's financial performance is heavily influenced by consumer demand for leisure activities and travel, as well as economic factors affecting disposable income and spending on recreational products.

Trigano SA Financial Statement Overview

Summary

Trigano SA exhibits strong revenue growth and profitability with robust margins and a solid balance sheet characterized by low leverage. However, the decline in cash flow metrics is a concern, indicating potential issues in cash flow management.

Income Statement

Trigano SA has demonstrated strong revenue growth with a 12.8% increase from 2023 to 2024. The company maintains robust profitability metrics with a gross profit margin of 34.5% and a net profit margin of 9.5% for 2024. EBIT and EBITDA margins are also healthy at 12.7% and 14.8%, respectively. Overall, the income statement reflects a strong performance with consistent growth and profitability.

Balance Sheet

The balance sheet shows a solid equity base with a debt-to-equity ratio of 0.11, indicating low leverage. The return on equity is strong at 19.6%, reflecting efficient use of equity to generate profits. The equity ratio of 66.4% suggests a stable financial structure with a significant portion of assets financed by equity. Overall, the balance sheet is strong, though the decrease in cash reserves warrants attention.

Cash Flow

Trigano SA's cash flow statements reveal a concerning decline in free cash flow in 2024, resulting in negative free cash flow. The operating cash flow to net income ratio is 0.14, indicating challenges in converting income into cash. Additionally, the company has experienced a significant decrease in free cash flow from 2023 to 2024, suggesting potential cash flow management issues. Overall, while operational cash flow is positive, the negative free cash flow is a notable concern.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	3.18B	3.93B	3.48B	3.18B	2.93B	2.18B
Gross Profit	335.60M	1.36B	1.17B	343.80M	346.28M	173.56M
EBITDA	422.20M	576.50M	472.90M	414.00M	424.54M	212.48M
Net Income	278.40M	374.40M	308.10M	278.40M	222.70M	139.46M
Balance Sheet
Total Assets	1.67B	2.88B	2.53B	2.33B	2.19B	1.73B
Cash, Cash Equivalents and Short-Term Investments	80.53M	261.30M	359.00M	447.40M	597.52M	330.32M
Total Debt	254.80M	216.60M	164.20M	321.40M	248.71M	210.31M
Total Liabilities	861.32M	967.50M	923.20M	992.30M	1.02B	739.86M
Stockholders Equity	806.70M	1.91B	1.60B	1.34B	1.18B	992.66M
Cash Flow
Free Cash Flow	91.50M	-7.50M	125.90M	91.50M	344.06M	235.61M
Operating Cash Flow	169.70M	53.30M	201.70M	169.70M	386.72M	285.09M
Investing Cash Flow	-223.30M	-99.20M	-81.10M	-223.30M	-46.99M	-77.31M
Financing Cash Flow	-151.50M	-100.00M	-153.00M	-151.50M	-74.42M	-83.78M

Trigano SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 153.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:TRI, the sentiment is Positive. The current price of 153.5 is above the 20-day moving average (MA) of 144.57, above the 50-day MA of 133.76, and above the 200-day MA of 122.43, indicating a bullish trend. The MACD of 5.68 indicates Negative momentum. The RSI at 72.95 is Negative, neither overbought nor oversold. The STOCH value of 89.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:TRI.

Trigano SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALCAT	74 Outperform	€105.31M	4.31	26.21%	5.25%	-6.05%	-0.45%
ALVDM	74 Outperform	€775.91M	12.69		2.85%	6.01%	30.64%
TRI	74 Outperform	$2.96B	9.89	16.29%	2.28%	-2.14%	-18.29%
RBO	69 Neutral	€391.05M	25.05	15.82%	3.24%	-3.64%	-50.51%
Sector *	65 Neutral	€20.71B	9.37	7.83%	3.51%	0.45%	-40.36%
ARAMI	59 Neutral	€512.05M	20.68	13.58%	―	11.90%	―
MDM	52 Neutral	€99.39M	―	-21.09%	2.35%	-10.93%	-1451.56%

Trigano SA Corporate Events

Trigano Reports Sales Decline Amid Inventory Adjustments and Market Challenges

Trigano SA reported a 12.1% decline in sales for the first half of the 2024/2025 financial year, attributed to adjusted production levels and high inventory in distribution networks. The acquisition of BIO Habitat contributed positively, but overall sales were impacted by reduced motorhome production and lower caravan sales. Despite these challenges, Trigano remains focused on market expansion through innovation and strategic investments, while managing production to align with demand amidst economic uncertainties.