Trifast (TRI) AI Stock Analysis

• Market Cap: £90.35M
• Dividend Yield: 2.69%
• Average Volume (3M): 147.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: -4.90%
• EPS Growth: -21.83%
• Country: UK
• Employees: 1,200
• Sector: Industrials
• Sector Strength: 94
• Industry: Manufacturing - Tools & Accessories
• EPS (TTM): -0.03
• Shares Outstanding: 136,119,980
• 10 Day Avg. Volume: 67,116
• 30 Day Avg. Volume: 147,519
• PEG Ratio: 3.58
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.82
• 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

• Rating: 58 Neutral
• Price Target: ―

Trifast's overall stock score reflects a mix of financial challenges and positive signals. Declining revenues and negative profitability weigh heavily on the score, but a strong balance sheet and improved cash flow provide stability. Bearish technical indicators suggest caution, yet insider buying offers a positive outlook. Negative valuation metrics are mitigated by a reasonable dividend yield, presenting a balanced perspective for potential investors.

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 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. The company must address revenue and profitability concerns to enhance overall financial health.

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
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
229.94M	233.67M	244.39M	218.62M	188.16M	200.22M
	Gross Profit
59.78M	58.83M	61.93M	58.43M	49.91M	55.11M
	EBIT
7.90M	4.63M	-8.00K	11.60M	8.76M	4.08M
	EBITDA
12.98M	14.58M	9.26M	18.89M	15.84M	11.06M
	Net Income Common Stockholders
-4.66M	-4.44M	-2.87M	8.98M	5.79M	-238.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
20.88M	20.88M	31.80M	26.74M	30.27M	28.73M
	Total Assets
230.16M	230.16M	265.33M	255.02M	209.92M	216.14M
	Total Debt
60.27M	60.27M	85.64M	64.22M	29.76M	59.00M
	Net Debt
39.39M	39.39M	53.84M	37.48M	-509.00K	30.27M
	Total Liabilities
105.98M	105.98M	129.44M	115.87M	78.11M	100.48M
	Stockholders Equity
124.18M	124.18M	135.89M	139.15M	131.80M	115.66M
Cash Flow		Free Cash Flow
17.80M	24.00M	-2.66M	-23.14M	20.24M	10.92M
	Operating Cash Flow
21.75M	28.58M	2.96M	-17.90M	23.30M	15.52M
	Investing Cash Flow
491.00K	-235.00K	-5.46M	-11.03M	-2.98M	-5.01M
	Financing Cash Flow
-28.37M	-38.17M	7.36M	24.06M	-17.05M	-7.29M

Trifast Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 67.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 67 is below the 20-day moving average (MA) of 68.70, above the 50-day MA of 66.84, and below the 200-day MA of 75.16, indicating a neutral trend. The MACD of 0.35 indicates Positive momentum. The RSI at 52.28 is Neutral, neither overbought nor oversold. The STOCH value of 21.84 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
RNO	75 Outperform	£163.06M	10.08	27.26%	0.69%	-6.48%	―
MPAC	71 Outperform	£136.08M	50.26	1.63%	―	7.18%	-28.05%
CGS	71 Outperform	£113.43M	9.40	9.51%	7.05%	-10.79%	-21.64%
SFR	68 Neutral	£102.23M	32.52	1.55%	10.57%	6.00%	-84.54%
Sector *	66 Neutral	$4.48B	12.24	5.32%	248.54%	4.09%	-12.10%
TRI	58 Neutral	£90.35M	―	-3.67%	2.69%	-4.90%	-21.83%
CLLN		£61.08M	―		―	―	―

Trifast Corporate Events

Trifast Executives Increase Shareholdings, Signaling Confidence

Trifast plc announced that its CEO, Iain Percival, and Senior Independent Non-Executive Director, Clive Watson, have increased their shareholdings in the company through its Dividend Re-Investment Plan. This move reflects confidence in the company’s performance and future prospects, potentially strengthening investor trust and enhancing the company’s market position.

Spark’s Take on GB:TRI Stock

According to Spark, TipRanks’ AI Analyst, GB:TRI is a Neutral.

Trifast’s overall stock score is impacted by 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, providing a balanced view for potential investors.

To see Spark’s full report on GB:TRI stock, click here.

Trifast Leadership Increases Shareholdings, Signaling Confidence

Trifast plc announced recent share purchase transactions by its leadership team members, including Clive Watson, Serena Lang, and Daniel Jack, who have increased their stakes in the company. These transactions, conducted on the London Stock Exchange, reflect confidence in the company’s future prospects and are aligned with regulatory requirements under the EU Market Abuse Regulation.

Spark’s Take on GB:TRI Stock

According to Spark, TipRanks’ AI Analyst, GB:TRI is a Neutral.

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.

To see Spark’s full report on GB:TRI stock, click here.

Trifast Director Increases Shareholding

Trifast PLC announced that Nicholas Mills, a Director of the company, has increased his shareholding by purchasing 347,500 ordinary shares at a price of 68.8361p. This transaction raises Mills’ and his associated investment vehicles’ total interest to 21,685,000 shares, representing 15.93% of the company’s issued share capital, potentially strengthening his influence within the company.

Trifast Director Increases Stake in Company

Trifast plc announced that Nicholas Mills, a Director of the company, has increased his shareholding through connected investment vehicles by purchasing 152,500 Ordinary Shares at a price of 67.1946p. This transaction raises Mills’ total interest to 21,337,500 shares, which constitutes 15.676% of Trifast’s issued share capital, potentially strengthening his influence within the company.

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.