Trigano SA (TRI) AI Stock Analysis

• Market Cap: €3.31B
• Dividend Yield: 2.11%
• Average Volume (3M): 16.92K
• Price to Earnings (P/E): 13.8
• Beta (1Y): 1.34
• Revenue Growth: -6.78%
• EPS Growth: -35.96%
• Country: FR
• Employees: 10,652
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 6.94
• Shares Outstanding: 19,336,267
• 10 Day Avg. Volume: 17,627
• 30 Day Avg. Volume: 16,923
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: €195.18
• Price Target Upside: 33.23% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 13.44
• Revenue Forecast (FY): €3.35B

• Rating: 74 Outperform
• Price Target: €169.00 ▲(15.36% Upside)

Trigano SA's overall stock score is driven by strong financial performance and attractive valuation. The company's robust revenue growth and profitability are key strengths, although cash flow management needs improvement. Technical analysis indicates mixed momentum, but the low P/E ratio and reasonable dividend yield suggest the stock is undervalued, enhancing its investment appeal.

Positive Factors

Strong Market Position

Trigano's strong market position in the European leisure vehicle sector provides a durable competitive advantage, leveraging its brand and distribution network to capture market share.

Solid Balance Sheet

A low debt-to-equity ratio indicates financial stability and flexibility, allowing Trigano to invest in growth opportunities without significant financial strain.

Profitability Metrics

Strong revenue growth and robust profitability metrics, including healthy gross and net profit margins, indicate efficient operations and a sustainable business model.

Negative Factors

Declining Cash Flow

A decline in free cash flow suggests potential challenges in cash management, which could impact the company's ability to fund operations and growth initiatives.

Negative Free Cash Flow

Negative free cash flow indicates that Trigano may face difficulties in covering its capital expenditures and operational needs, potentially affecting long-term financial health.

Cash Conversion Issues

Challenges in converting income into cash can limit Trigano's ability to reinvest in its business, affecting growth and operational efficiency over time.

Trigano SA Business Overview & Revenue Model

Company Description

Trigano S.A., together with its subsidiaries, designs, manufactures, markets, and sells leisure vehicles and trailers for individuals and professionals in Europe. The company operates through Leisure Vehicles and Leisure Equipment segments. It offers leisure vehicles, including caravans, motorhomes, and mobile homes; camping and garden equipment; tents; and baggage and utility trailers, as well as accessories for leisure vehicles. The company also rents motorhomes; and provides finance for leisure vehicles, as well as offers a range of rental stay services in mobile homes. It offers its products through dealer networks and distributors, as well as through its online sales site, Triganostore.com. Trigano S.A. was founded in 1935 and is based in Paris, France.

How the Company Makes Money

Trigano generates revenue primarily through the sale of its leisure vehicles, which include motorhomes and caravans. The company has a diversified revenue model that includes direct sales to consumers, as well as partnerships with various dealerships across Europe. Additionally, Trigano earns income from the sale of accessories and parts, which complement their vehicles. The company benefits from a growing trend of outdoor recreational activities, particularly in Europe, which has led to increased demand for leisure vehicles. Significant partnerships with dealers and a strong presence in the European market further contribute to Trigano's earnings, allowing them to capitalize on the expanding leisure industry.

Trigano SA Financial Statement Overview

Summary

Trigano SA exhibits strong revenue growth and profitability, supported by a solid balance sheet with low leverage. However, the decline in cash flow metrics highlights potential areas for financial improvement. The company is well-positioned in terms of profitability and stability, but attention should be given to cash flow management to ensure sustainable growth.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.66B	3.66B	3.93B	3.48B	3.18B	2.93B
Gross Profit	746.80M	321.50M	1.36B	1.17B	1.03B	952.90M
EBITDA	397.80M	397.60M	576.50M	472.90M	414.00M	322.40M
Net Income	239.30M	239.30M	374.40M	308.10M	278.40M	222.70M
Balance Sheet
Total Assets	3.28B	3.28B	2.88B	2.53B	2.33B	2.19B
Cash, Cash Equivalents and Short-Term Investments	650.80M	650.80M	261.30M	359.00M	447.40M	597.52M
Total Debt	371.80M	371.80M	216.60M	164.20M	321.40M	253.99M
Total Liabilities	1.19B	1.19B	967.50M	923.20M	992.30M	1.02B
Stockholders Equity	2.08B	2.08B	1.91B	1.60B	1.34B	1.18B
Cash Flow
Free Cash Flow	532.20M	525.60M	-7.50M	125.90M	110.30M	344.06M
Operating Cash Flow	573.30M	566.70M	53.30M	201.70M	171.50M	386.72M
Investing Cash Flow	-258.10M	-258.10M	-99.20M	-81.10M	-177.70M	-46.99M
Financing Cash Flow	83.80M	83.80M	-100.00M	-153.00M	-198.90M	-74.42M

Trigano SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 146.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 146.5 is below the 20-day moving average (MA) of 161.09, below the 50-day MA of 152.87, and above the 200-day MA of 137.57, indicating a bullish trend. The MACD of 6.43 indicates Negative momentum. The RSI at 67.35 is Neutral, neither overbought nor oversold. The STOCH value of 26.36 is Neutral, 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
TRI	74 Outperform	€3.31B	13.84	11.60%	2.11%	-6.78%	-35.96%
ALVDM	74 Outperform	€760.43M	12.34	―	2.91%	5.87%	36.49%
ALCAT	71 Outperform	€88.42M	6.50	13.33%	6.24%	-23.79%	-56.20%
RBO	67 Neutral	€342.42M	25.84	14.30%	3.70%	0.82%	-34.14%
ARAMI	66 Neutral	€362.91M	18.24	10.04%	―	6.35%	295.71%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MDM	50 Neutral	€79.90M	-0.46	-33.85%	2.93%	-10.98%	-905.89%