Trifast (TRI) AI Stock Analysis

• Market Cap: £87.65M
• Dividend Yield: 2.66%
• Average Volume (3M): 86.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.19
• Revenue Growth: -4.90%
• EPS Growth: -21.83%
• Country: UK
• Employees: 1,232
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial Goods
• EPS (TTM): -0.03
• Shares Outstanding: 136,119,980
• 10 Day Avg. Volume: 98,251
• 30 Day Avg. Volume: 86,526
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.38
• Price to Cash Flow (P/CF): 4.20
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Trifast's overall stock score is impacted by its financial performance challenges, notably declining revenues and negative profitability. The stock's technical indicators suggest bearish momentum, which is a concern. However, positive corporate events, including significant insider buying, offer some optimism for future performance. Valuation metrics are mixed, with a negative P/E but a reasonable dividend yield.

Trifast Business Overview & Revenue Model

Company Description

Trifast plc (TRI) is an international manufacturer and distributor of industrial fastenings and related components. Operating across various sectors including automotive, electronics, domestic appliances, and general industrial, the company provides a comprehensive range of fastening solutions. Trifast's core products include screws, nuts, bolts, and washers, which are essential components in the assembly and manufacturing processes of their clients.

How the Company Makes Money

Trifast makes money primarily by manufacturing and distributing a wide array of industrial fastenings and related products. Their revenue model is based on selling these components to businesses within sectors such as automotive, electronics, and household appliances, where reliable fastening solutions are critical. The company benefits from long-term contracts and relationships with Original Equipment Manufacturers (OEMs) and tier suppliers, ensuring a steady demand for their products. Trifast also enhances its revenue through strategic acquisitions and expanding its product range, thereby increasing market share and entering new geographical markets. Additionally, the company focuses on providing value-added services such as technical support and logistics solutions, which can create additional revenue streams.

Trifast Financial Statement Overview

Summary

Trifast faces profitability challenges, with declining revenues and negative net income impacting income statement metrics. However, its balance sheet remains solid with a reasonable debt profile and strong equity ratio. Cash flow improvements provide some optimism, indicating effective cash management despite operational losses.

Income Statement

The company shows a declining revenue trend, with a revenue decrease of 4.39% from 2023 to 2024. Gross profit margin stands at 25.37%, and the net profit margin is negative, indicating profitability challenges. The EBIT and EBITDA margins are low at 1.98% and 6.24%, respectively, highlighting operational efficiency issues.

Balance Sheet

The company maintains a debt-to-equity ratio of 0.49, which is reasonable. The return on equity is negative due to net losses, but the equity ratio is robust at 53.95%, indicating a strong equity base relative to assets.

Cash Flow

Free cash flow has improved significantly from the previous year, showing a strong growth rate. The operating cash flow to net income ratio is favorable due to positive operating cash flow despite a net loss, suggesting cash generation capability.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
233.67M	244.39M	218.62M	188.16M	200.22M
	Gross Profit
59.27M	61.93M	58.43M	49.91M	55.11M
	EBIT
4.63M	-8.00K	11.60M	8.76M	4.08M
	EBITDA
14.58M	9.26M	18.89M	15.84M	11.06M
	Net Income Common Stockholders
-4.44M	-2.87M	8.98M	5.79M	-238.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
20.88M	31.80M	26.74M	30.27M	28.73M
	Total Assets
230.16M	265.33M	255.02M	209.92M	216.14M
	Total Debt
60.27M	85.64M	64.22M	29.76M	59.00M
	Net Debt
39.39M	53.84M	37.48M	-509.00K	30.27M
	Total Liabilities
105.98M	129.44M	115.87M	78.11M	100.48M
	Stockholders Equity
124.18M	135.89M	139.15M	131.80M	115.66M
Cash Flow		Free Cash Flow
24.00M	-2.66M	-23.14M	20.24M	10.92M
	Operating Cash Flow
28.58M	2.96M	-17.90M	23.30M	15.52M
	Investing Cash Flow
-235.00K	-5.46M	-11.03M	-2.98M	-5.01M
	Financing Cash Flow
-38.17M	7.36M	24.06M	-17.05M	-7.29M

Trifast Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 65.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TRI, the sentiment is Negative. The current price of 65 is below the 20-day moving average (MA) of 72.45, below the 50-day MA of 76.79, and below the 200-day MA of 76.80, indicating a bearish trend. The MACD of -2.92 indicates Positive momentum. The RSI at 31.60 is Neutral, neither overbought nor oversold. The STOCH value of 10.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TRI.

Trifast Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HLMA	80 Outperform	£9.79B	35.28	16.90%	0.83%	11.94%	20.48%
VCT	74 Outperform	£860.89M	50.25	3.58%	5.99%	-5.21%	-72.13%
RAT	67 Neutral	£1.69B	25.50	4.83%	3.35%	49.59%	24.74%
Sector *	62 Neutral	$8.16B	12.85	0.64%	3.04%	3.83%	-15.83%
TRI	56 Neutral	£87.65M	―	-3.67%	2.66%	-4.90%	-21.83%
DPLM	54 Neutral	£5.39B	43.35	14.50%	1.42%	13.59%	6.14%

Trifast Corporate Events

Trifast PLC Reports Resilient Third-Quarter Performance Amid Global Challenges

Trifast PLC has shown operational and financial resilience in its third-quarter trading update, demonstrating effective navigation of global challenges by focusing on key objectives such as margin management and operational efficiency. The company’s ‘Recover, Rebuild and Resilience’ transformation roadmap is positively impacting its performance, underpinning confidence in meeting full-year expectations and achieving mid-term ambitions. The leadership team is committed to aligning customer expectations and delivering shareholder value through its core strengths of quality and technical engineering capabilities.

Trifast CFO Increases Stake with Share Purchase

Trifast PLC announced that its Chief Financial Officer, Ms. Kate Ferguson, has acquired 12,774 ordinary shares of the company, enhancing her stake in the firm. This transaction, executed on the London Stock Exchange, reflects a demonstration of confidence by a senior executive, potentially indicating positive sentiment about the company’s future prospects.

Trifast CEO Increases Shareholding with Significant Purchase

Trifast PLC announced that its CEO, Mr. Iain Percival, has acquired an additional 63,529 ordinary shares, increasing his total beneficial interest to 388,012 shares. This purchase reflects a potential vote of confidence in the company’s future from its leadership, possibly impacting investor perceptions and market dynamics.

Trifast Director Increases Shareholding, Signaling Confidence

Trifast PLC announced that Nicholas Mills, a Director of the company, has increased his shareholding by purchasing 100,000 ordinary shares at a price of 80.00p each. This acquisition raises his total interest to 21,185,000 shares, representing 15.563% of the company’s issued share capital, reflecting confidence in the company’s future prospects and potentially impacting stakeholder perceptions and market dynamics.

Trifast Director Increases Stake, Signaling Confidence in Growth

Trifast PLC, a prominent player in the fasteners industry, has announced a significant increase in shareholding by Nicholas Mills, a Director of the company. Through associated investment vehicles, Mills acquired 400,000 ordinary shares, boosting his total interest to 15.490% of the company’s issued share capital. This strategic move signifies a show of confidence in Trifast’s market position and potential for growth, potentially impacting shareholder perspectives and market dynamics.

Trifast PLC Announces Change in Slater Investments’ Holdings

Trifast PLC, a UK-based company, has announced a change in the holdings of Slater Investments, which now holds 12.997875% of voting rights in the company. This adjustment follows a slight decrease from their previous holding of 13.34%. The notification highlights Slater Investments’ influence in Trifast’s voting structure, potentially impacting the company’s strategic decisions and stakeholder dynamics.