Trifast (TRI) AI Stock Analysis

• Market Cap: £106.80M
• Dividend Yield: 2.61%
• Average Volume (3M): 114.35K
• Price to Earnings (P/E): 92.1
• Beta (1Y): 0.04
• 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): £214.31M

• Rating: 62 Neutral
• Price Target: 92.00p ▲(35.29% 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 fastening business

Trifast's core B2B model sells standard and engineered fasteners plus value-added services to OEMs across multiple industrial end-markets. This diversification and contract-driven supply relationship create recurring revenue stickiness and structural demand resilience over several months.

Improving operational efficiency and margins

Improved EBIT/EBITDA margins and stable gross margins point to durable cost control, manufacturing and distribution efficiency gains. These structural improvements increase margin sustainability and operating leverage potential, helping protect profitability during cyclical revenue periods.

Manageable leverage and stable equity base

A reasonable debt profile and stable equity ratio provide financial flexibility to fund working capital, capital expenditure or targeted investments. Manageable leverage reduces refinancing risk and supports resilience through cyclical downturns over the medium term.

Negative Factors

Declining revenue trend

A persistent revenue decline undermines operating leverage and long-term growth prospects. Falling top-line makes it harder to cover fixed costs, invest in product or service expansion, and maintain pricing power with OEM customers, risking margin pressure if the trend continues.

Significant drop in free cash flow

A notable decline in free cash flow weakens the company's ability to fund capex, repay debt, or support dividends and buybacks. Persistent FCF deterioration can force tighter working capital management, hinder strategic investments and reduce financial optionality over months.

Low net profit margins and weak returns

Low net margins and ROE indicate constrained shareholder returns and limited capacity to self-fund growth. Even with operational gains, weak profitability reduces retained earnings for reinvestment and may pressure strategic flexibility over the medium term.

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 generates revenue primarily through the sale of its manufactured fasteners and components to a broad customer base in multiple sectors. The company operates a multi-channel revenue model that includes direct sales to large OEMs (Original Equipment Manufacturers), distribution through third-party channels, and tailored solutions for specific industry needs. Key revenue streams include the sale of standard and custom fasteners, along with supplementary services such as inventory management and supply chain solutions. Additionally, Trifast benefits from strategic partnerships with major manufacturers and suppliers, enhancing its market reach and ability to provide comprehensive fastening solutions. The company's focus on efficiency and innovation, alongside its global presence, contributes to its overall earnings and competitive advantage in the fastener market.

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: Positive
• Last Price: 68.00
• 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 GB:TRI, the sentiment is Positive. The current price of 68 is below the 20-day moving average (MA) of 80.28, below the 50-day MA of 76.11, and below the 200-day MA of 74.82, indicating a neutral trend. The MACD of 1.55 indicates Positive momentum. The RSI at 49.26 is Neutral, neither overbought nor oversold. The STOCH value of 40.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	£3.30B	20.74	11.65%	3.58%	-2.44%	-6.43%
GDWN	73 Outperform	£1.82B	45.84	35.23%	1.01%	24.42%	103.25%
BILN	70 Neutral	£49.66M	8.21	11.79%	7.35%	-25.56%	-42.49%
SNR	67 Neutral	£1.28B	36.75	8.19%	1.06%	-13.81%	13.86%
CGS	65 Neutral	£115.43M	23.92	3.82%	6.69%	-13.30%	-60.03%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TRI	62 Neutral	£106.80M	92.09	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.