Trigano SA (TRI) AI Stock Analysis

• Market Cap: $2.48B
• Dividend Yield: 2.72%
• Average Volume (3M): 21.41K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 1.11
• Revenue Growth: -2.14%
• EPS Growth: -18.29%
• Country: FR
• Employees: 10,652
• Sector: Consumer Cyclical
• Sector Strength: 74
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 19.38
• Shares Outstanding: 19,336,267
• 10 Day Avg. Volume: 15,599
• 30 Day Avg. Volume: 21,412
• PEG Ratio: 2.72
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -446.97
• 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: $167.58
• Price Target Upside: 28.51% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 71 Outperform
• Price Target: €146.00 ▲(11.96%Upside)

Trigano SA's overall score is driven by strong financial performance and attractive valuation, tempered by technical indicators suggesting the stock may be overbought. The company's revenue growth and profitability are significant strengths, although cash flow management issues need attention. The attractive P/E ratio and dividend yield further enhance its investment appeal.

Trigano SA Business Overview & Revenue Model

Company Description

Trigano SA is a leading European company specializing in the design, manufacture, and sale of leisure vehicles and equipment. The company operates across several sectors, primarily focusing on motorhomes, caravans, and camping equipment. Trigano has established a significant presence in the recreational vehicle industry, catering to customers seeking adventure and outdoor experiences.

How the Company Makes Money

Trigano SA generates revenue primarily through the sale of leisure vehicles, including motorhomes, caravans, and campervans. These products are sold through a network of dealerships across Europe. The company also earns income from the sale of camping equipment and accessories, which complement their vehicle offerings. Trigano's business model relies on capturing market share in the growing recreational vehicle sector, with a focus on innovation and quality to attract customers. Additionally, strategic acquisitions and partnerships within the industry help bolster their market position and expand their product range.

Trigano SA Financial Statement Overview

Summary

Trigano SA shows strong revenue growth and profitability, with a robust equity base and low leverage, as reflected in the income statement and balance sheet. However, the decline in cash flow metrics, especially the negative free cash flow, indicates potential financial challenges that need addressing.

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
Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
3.93B	3.48B	3.18B	2.93B	2.18B
	Gross Profit
1.36B	1.17B	343.80M	346.28M	173.56M
	EBIT
499.00M	422.70M	378.30M	388.78M	205.54M
	EBITDA
576.50M	472.90M	414.00M	424.54M	212.48M
	Net Income Common Stockholders
374.40M	308.10M	278.40M	222.70M	139.46M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
261.30M	359.00M	447.40M	597.52M	330.32M
	Total Assets
2.88B	2.53B	2.33B	2.19B	1.73B
	Total Debt
216.60M	164.20M	321.40M	248.71M	210.31M
	Net Debt
-44.70M	-194.80M	-126.00M	-348.81M	-120.01M
	Total Liabilities
967.50M	923.20M	992.30M	1.02B	739.86M
	Stockholders Equity
1.91B	1.60B	1.34B	1.18B	992.66M
Cash Flow		Free Cash Flow
-7.50M	125.90M	91.50M	344.06M	235.61M
	Operating Cash Flow
53.30M	201.70M	169.70M	386.72M	285.09M
	Investing Cash Flow
-99.20M	-81.10M	-223.30M	-46.99M	-77.31M
	Financing Cash Flow
-100.00M	-153.00M	-151.50M	-74.42M	-83.78M

Trigano SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 130.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 130.4 is above the 20-day moving average (MA) of 123.75, above the 50-day MA of 111.76, and above the 200-day MA of 116.45, indicating a bullish trend. The MACD of 5.25 indicates Positive momentum. The RSI at 65.55 is Neutral, neither overbought nor oversold. The STOCH value of 46.32 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	71 Outperform	$2.48B	8.28	16.29%	2.72%	-2.14%	-18.29%
AC	71 Outperform	€11.13B	19.42	14.72%	2.60%	10.88%	2.54%
RMS	71 Outperform	$250.62B	54.52	28.67%	1.02%	12.98%	6.62%
GET	64 Neutral	€8.96B	28.29	12.79%	3.31%	-11.76%	-2.84%
BLC	63 Neutral	€195.53M	117.57	11.71%	―	3.24%	-75.05%
Sector *	62 Neutral	$6.90B	11.24	2.93%	3.89%	2.68%	-24.71%

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.