Trifast (TRI) AI Stock Analysis

• Market Cap: £90.35M
• Dividend Yield: 2.61%
• Average Volume (3M): 114.35K
• Price to Earnings (P/E): 17.6
• Beta (1Y): 0.21
• Revenue Growth: -6.32%
• EPS Growth: N/A
• Country: UK
• Employees: 1,200
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Tools & Accessories
• EPS (TTM): 0.02
• Shares Outstanding: 136,119,980
• 10 Day Avg. Volume: 248,725
• 30 Day Avg. Volume: 114,352
• PEG Ratio: -0.70
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.40
• P/FCF Ratio: 6.66
• 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
• EPS Forecast (FY): 0.07
• Revenue Forecast (FY): £214.39M

• Rating: 62 Neutral
• Price Target: 72.00 p ▲(5.88% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

Trifast's overall score reflects a stable financial position with operational improvements, but challenges remain in revenue growth and cash flow. Positive corporate events and executive confidence provide a boost, while technical and valuation metrics suggest caution.

Positive Factors

Diversified engineered B2B model & services

Trifast's mix of standard and engineered fasteners plus engineering, kitting and supply-chain services creates recurring, contract-like relationships with OEMs. That product-service blend boosts customer stickiness, supports higher margin mix, and lessens reliance on single-market volumes over the medium term.

Improving operational margins

Reported improvements in EBIT and EBITDA margins indicate lasting gains from cost control and operational optimization. If maintained, these efficiencies support cash generation and profitability resilience, helping the company withstand revenue headwinds and invest selectively in higher-return areas.

Moderate leverage and stable equity base

A reasonable debt profile and stable equity ratio give Trifast balance-sheet flexibility to fund working capital, modest capex, or strategic investments without acute refinancing pressure. That structural financial headroom supports continuity of supply and long-term contractual obligations to OEM customers.

Negative Factors

Declining revenue trend

A sustained revenue decline erodes scale advantages and can weaken bargaining power with suppliers and customers. Over several quarters this trend can compress fixed-cost coverage, reduce absolute margin dollars, and make it harder to fund investments needed to regain share in core industrial OEM markets.

Material drop in free cash flow

Significant free cash flow deterioration reduces internal funding for working capital, capex, dividends or bolt-on investments. Persistently lower cash conversion limits strategic flexibility, increases reliance on external financing during downturns, and raises execution risk on supply-chain commitments.

Low profitability / weak ROE

Low net margins and weak ROE indicate the business currently generates limited returns on capital. Over time this can constrain reinvestment capacity and shareholder returns, making it harder to justify new investments or retain talent, and leaving less buffer versus cyclical pressures in automotive and industrial end-markets.

Trifast Business Overview & Revenue Model

Company Description

Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. The company offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic. It serves light and heavy vehicle, health and home, energy, tech, infrastructure, general, and distributor industries. Trifast plc was founded in 1973 and is headquartered in Uckfield, the United Kingdom.

How the Company Makes Money

Trifast makes money primarily by selling industrial fasteners and related components to B2B customers, typically OEMs and their supply chains, across its served end-markets. Revenue is generated through (1) product sales of standard and engineered/specialist fasteners (e.g., screws, nuts, bolts, washers and assemblies), where pricing reflects factors such as specifications, volumes, material costs, and the technical/quality requirements of customer applications; (2) value-added services that support customers’ production needs, including engineering/design support for selecting or developing fastening solutions, kitting/assembly and packaging services, and supply-chain/logistics services such as inventory management and just-in-time/just-in-sequence delivery, which can create additional service revenue and/or increase product pull-through; and (3) repeat/contractual supply relationships tied to customers’ production programs, where ongoing demand is linked to customers’ manufacturing volumes (for example, vehicles or industrial equipment produced). Profitability is influenced by mix (engineered vs. commodity fasteners), customer and sector exposure, the ability to pass through raw-material and manufacturing cost changes via pricing, operational efficiency in manufacturing and distribution, and the scale/retention of long-term OEM supply relationships. Specific details on significant partnerships: null.

Trifast Financial Statement Overview

Summary

Trifast's financial performance is stable but faces challenges. Improved operational efficiency is offset by declining revenue and reduced free cash flow growth, posing risks. The balance sheet is reasonable with manageable leverage, but profitability remains a concern.

Income Statement

Trifast's income statement shows a mixed performance. The gross profit margin has been relatively stable, indicating effective cost management. However, the net profit margin is low, and revenue has declined over the past year, suggesting challenges in maintaining top-line growth. The EBIT and EBITDA margins have improved, reflecting better operational efficiency.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio is reasonable, indicating manageable leverage. Return on equity is low, suggesting limited profitability for shareholders. The equity ratio is stable, showing a solid asset base supported by equity.

Cash Flow

Cash flow analysis reveals some concerns. Free cash flow has decreased significantly, impacting liquidity. The operating cash flow to net income ratio is moderate, indicating decent cash generation relative to earnings. However, the decline in free cash flow growth rate is a potential risk.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	215.42M	223.47M	233.67M	244.39M	218.62M	188.16M
Gross Profit	61.87M	63.35M	58.83M	61.93M	58.43M	49.91M
EBITDA	17.75M	18.57M	14.58M	9.26M	18.89M	15.84M
Net Income	1.16M	1.04M	-4.44M	-2.87M	8.98M	5.79M
Balance Sheet
Total Assets	231.99M	229.00M	230.16M	265.33M	255.02M	209.92M
Cash, Cash Equivalents and Short-Term Investments	29.11M	24.26M	20.88M	31.80M	26.74M	30.27M
Total Debt	85.08M	62.95M	60.27M	85.64M	64.22M	29.76M
Total Liabilities	109.33M	107.92M	105.98M	129.44M	115.87M	78.11M
Stockholders Equity	122.66M	121.08M	124.18M	135.89M	139.15M	131.80M
Cash Flow
Free Cash Flow	7.70M	13.47M	24.00M	-2.66M	-23.14M	20.24M
Operating Cash Flow	13.42M	16.89M	28.58M	2.96M	-17.90M	23.30M
Investing Cash Flow	-5.62M	-2.21M	-235.00K	-5.46M	-11.03M	-2.98M
Financing Cash Flow	-2.04M	-10.87M	-38.17M	7.36M	24.06M	-17.05M

Trifast Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 68.00
• 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 68 is below the 20-day moving average (MA) of 75.97, below the 50-day MA of 76.06, and below the 200-day MA of 74.51, indicating a bearish trend. The MACD of -2.65 indicates Positive momentum. The RSI at 35.40 is Neutral, neither overbought nor oversold. The STOCH value of 4.93 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
RS1	74 Outperform	£2.89B	8.02	11.47%	3.58%	-2.44%	-6.43%
GDWN	71 Outperform	£1.90B	15.43	33.12%	1.01%	24.42%	103.25%
BILN	70 Neutral	£45.55M	10.36	11.64%	7.35%	-25.56%	-42.49%
SNR	65 Neutral	£1.17B	27.39	8.19%	1.06%	-13.81%	13.86%
CGS	65 Neutral	£112.60M	7.63	3.83%	6.69%	-13.30%	-60.03%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TRI	62 Neutral	£90.35M	17.57	0.95%	2.61%	-6.32%	―

Trifast Corporate Events

Trifast CEO Increases Stake with Share Purchase

Trifast plc has disclosed that its chief executive officer, Iain Percival, purchased 123,757 ordinary shares at 80 pence each on 16 February 2026, increasing his beneficial holding to 521,031 shares. The transaction, conducted on the London Stock Exchange’s Main Market, signals additional personal financial commitment by the CEO, which may be interpreted by investors as a vote of confidence in the company’s prospects and governance.

The purchase was notified in line with EU Market Abuse Regulation requirements for dealings by persons discharging managerial responsibilities. Such transparency around executive share dealings is intended to support market integrity and provides shareholders with insight into management’s alignment with their interests.

The most recent analyst rating on (GB:TRI) stock is a Hold with a £81.00 price target. To see the full list of analyst forecasts on Trifast stock, see the GB:TRI Stock Forecast page.

Trifast stays on track for FY26 targets despite tough trading

Trifast reported that trading for the third quarter to 31 December 2025 keeps the Group on course to deliver full-year 2026 results in line with market expectations, despite continued challenging conditions. Management reiterated its focus on internal efficiency and strategic self-help measures, and remains confident in achieving double-digit EBIT margins over the medium term.

Consensus forecasts ahead of the update point to FY26 revenue of £214m, underlying EBIT of £16m and underlying profit before tax of £11.6m, based on estimates from three analysts. The company plans to provide a fuller performance update in a year-end pre-close statement in late April 2026, followed by its annual results announcement in July 2026, giving investors further visibility on progress against its margin and earnings targets.

The most recent analyst rating on (GB:TRI) stock is a Hold with a £81.00 price target. To see the full list of analyst forecasts on Trifast stock, see the GB:TRI Stock Forecast page.

Trifast Discloses New External Board Role for Non-Executive Director Nicholas Mills

Trifast plc has announced that its Non-Executive Director, Nicholas Mills, has been appointed as a Non-Executive Director to the Board of eEnergy Group plc, effective immediately. The additional board role expands Mills’ external commitments and may enhance Trifast’s access to broader strategic insights and networks in adjacent sectors, though the company has framed the news primarily as a regulatory disclosure for shareholders under listing rule requirements.

The most recent analyst rating on (GB:TRI) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on Trifast stock, see the GB:TRI Stock Forecast page.

Trifast Director-Linked Funds Lift Stake to 16.3% After Share Purchase

Trifast plc has disclosed that investment vehicles associated with director Nicholas Mills have increased their holding in the company through a recent share purchase. On 7 January 2026, entities connected to Mills acquired 20,000 Trifast ordinary shares at 70p each on the London Stock Exchange’s Main Market, taking his and related vehicles’ combined interest to 22.21 million shares, or 16.3% of the company’s issued share capital, signalling a further vote of confidence from a significant insider shareholder.

The most recent analyst rating on (GB:TRI) stock is a Hold with a £81.00 price target. To see the full list of analyst forecasts on Trifast stock, see the GB:TRI Stock Forecast page.