Trinity Industrial Corporation (6382) AI Stock Analysis

• Market Cap: ¥23.47B
• Dividend Yield: 5.56%
• Average Volume (3M): 5.55K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.96
• Revenue Growth: 3.55%
• EPS Growth: 27.86%
• Country: JP
• Employees: 957
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 43.08
• Shares Outstanding: 18,220,000
• 10 Day Avg. Volume: 3,550
• 30 Day Avg. Volume: 5,546
• PEG Ratio: 0.47
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.47
• P/FCF Ratio: -2.69
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 82 Outperform
• Price Target: ¥1,705.00 ▲(31.46% Upside)
• Action: Reiterated Date: 08/02/25
• Date: Action: Reiterated 08/02/25

Trinity Industrial Corporation's stock is rated highly due to strong technical indicators and attractive valuation metrics, including a low P/E ratio and high dividend yield. Financial performance is solid but slightly tempered by cash flow challenges. The absence of recent earnings call insights or corporate events maintains the focus on existing financial and technical strengths.

Positive Factors

Balance sheet strength

A very high equity ratio and almost negligible leverage provide durable financial flexibility. Low debt reduces refinancing risk and supports capital allocation for R&D, tooling, or M&A, making the firm resilient across industry cycles and funding stress over the next 2–6 months.

Sustainable operating margins

Consistent gross and EBITDA margins reflect structural cost control and pricing power in parts manufacturing. These margins underpin steady earnings capacity, enabling reinvestment and buffering against commodity input swings, supporting margin durability over medium term.

Consistent revenue growth

Positive revenue trends indicate expanding market share or stronger end-market demand for auto parts. Sustained top-line growth provides a base for improving operating leverage, absorbing fixed costs and supporting longer‑term profitability and strategic investment priorities.

Negative Factors

Weak free cash flow

Material negative free cash flow signals difficulty converting accounting profits into cash, possibly from higher capex or working capital. This constrains self‑funding for capex/dividends, may raise financing needs, and limits strategic optionality over months ahead.

Modest return on equity

An ROE below double digits implies limited efficiency in generating shareholder returns from equity base. Over time this can pressure investor expectations and require stronger growth or margin expansion to justify capital intensity in the business.

Cyclical industry exposure

Operating in the auto-parts sector exposes the company to vehicle production cycles and end-market volatility. Demand swings can materially affect volumes and margins, making revenue and cash generation sensitive to macro and OEM production trends over the medium term.

Trinity Industrial Corporation Business Overview & Revenue Model

Company Description

Trinity Industrial Corporation designs, manufactures, sells, and installs coating plants, machinery, and industrial equipment in Japan. The company engages in the planning, design, manufacture, installation, and after-sales service of painting systems, paint supply equipment, painting equipment, drying equipment, etc. for a range of fields, including automobiles, steel parts, aluminum parts, resin parts, housing parts, and aircraft parts. It also offers pre-treatment system, electrodeposition coat system, painting booth/air make up system, drying oven/heat treatment furnace, and paint equipment/painting system; and Tri-D³eco system, water transfer, and painting services for automotive parts. In addition, the company is involved in the planning, designing, molding, and assembly of automotive parts. The company was incorporated in 1946 and is headquartered in Toyota, Japan.

How the Company Makes Money

Trinity Industrial Corporation generates revenue through multiple streams, including the sale of industrial equipment, customized manufacturing solutions, and supply chain management services. The company capitalizes on long-term contracts with clients in key sectors, providing stability and predictability in its earnings. Additionally, strategic partnerships with suppliers and industry leaders enhance its product offerings and market reach. The company also engages in research and development to innovate new solutions, ensuring a competitive edge and attracting new clientele, which further contributes to its overall revenue.

Trinity Industrial Corporation Financial Statement Overview

Summary

Trinity Industrial Corporation shows strong revenue growth and operational efficiency, with healthy profit margins and a robust balance sheet. However, challenges in cash flow management, particularly the negative free cash flow, indicate areas needing improvement to ensure long-term financial stability.

Income Statement

Trinity Industrial Corporation has demonstrated solid revenue growth over the past year, with a revenue increase of 8.72% from 2024 to 2025. The company maintains a strong gross profit margin of 20.53% and a healthy net profit margin of 5.97% for the latest period. EBIT and EBITDA margins are also robust at 8.07% and 11.33%, respectively, indicating effective cost management and operational efficiency. However, the relatively modest net profit margin suggests room for improvement in bottom-line profitability.

Balance Sheet

The balance sheet of Trinity Industrial Corporation is strong, with a solid equity ratio of 75.82%, indicating a substantial equity buffer relative to total assets. The debt-to-equity ratio is low at 0.006, reflecting minimal leverage and financial risk. Return on equity stands at 7.46%, suggesting moderate profitability relative to shareholder investments. The company’s financial position is stable, with significant cash reserves enhancing liquidity.

Cash Flow

The cash flow statement reveals challenges in generating positive free cash flow, with a negative free cash flow of -6,985 million yen in 2025. The operating cash flow to net income ratio is negative, indicating issues with translating earnings into cash. The company's free cash flow has declined significantly year-over-year, pointing to increased capital expenditures or operational adjustments. Despite this, the company's historical capacity to generate positive free cash flow suggests potential for recovery.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	40.44B	40.22B	36.99B	29.05B	34.16B	35.36B
Gross Profit	8.45B	8.26B	7.60B	5.59B	6.41B	6.64B
EBITDA	4.75B	4.56B	4.51B	2.80B	3.48B	3.15B
Net Income	2.70B	2.40B	2.06B	1.27B	1.81B	1.62B
Balance Sheet
Total Assets	41.70B	42.46B	44.77B	38.72B	38.79B	39.11B
Cash, Cash Equivalents and Short-Term Investments	8.59B	9.36B	17.01B	14.68B	11.88B	11.77B
Total Debt	1.03B	178.58M	170.78M	153.24M	213.09M	134.25M
Total Liabilities	9.21B	9.58B	13.75B	10.76B	11.23B	13.11B
Stockholders Equity	31.82B	32.20B	30.29B	27.29B	26.96B	25.44B
Cash Flow
Free Cash Flow	0.00	-6.99B	2.66B	2.94B	894.26M	1.52B
Operating Cash Flow	0.00	-2.81B	3.62B	4.34B	2.11B	2.11B
Investing Cash Flow	0.00	-4.67B	-874.11M	-774.84M	-1.32B	-714.19M
Financing Cash Flow	0.00	-1.01B	-621.26M	-958.39M	-691.19M	-604.49M

Trinity Industrial Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1297.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6382, the sentiment is Positive. The current price of 1297 is below the 20-day moving average (MA) of 1373.60, below the 50-day MA of 1340.58, and above the 200-day MA of 1164.62, indicating a bullish trend. The MACD of 28.64 indicates Negative momentum. The RSI at 65.30 is Neutral, neither overbought nor oversold. The STOCH value of 84.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6382.

Trinity Industrial Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6382	82 Outperform	¥23.47B	9.48	―	5.56%	3.55%	27.86%
7236	71 Outperform	¥62.08B	6.61	―	3.60%	0.14%	882.91%
7266	71 Outperform	¥21.69B	11.42	―	2.70%	-8.63%	-55.68%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
7294	57 Neutral	¥22.12B	-3.46	―	3.19%	-8.99%	-62.26%
6470	51 Neutral	¥33.28B	130.91	―	2.45%	4.93%	―
6584	47 Neutral	¥31.07B	25.56	―	3.33%	-3.91%	-36.53%