Trifast (TRI)

Business description

Trifast is a leading global designer, manufacturer and distributor of industrial fasteners. Principal operations are in the UK, South-East Asia and continental Europe, while there is a modest, but growing, presence in North America.

Stock data

Market cap.£296.7m
Last close245.00p
High / Low (52 weeks)248.0p / 189.8p
Stock market listingLN
Forecast net debt (£m)5.1
Forecast gearing ratio (%)5
SectorIndustrial Support Services

Price performance

Relative *(2.3)16.920.5

* % Relative to local index

Other companies in sector Show

Company news

Trifast plc Trading Update: Strong Trading, Keeps us on Track With our ...

Thu, 16 Feb 2017 08:26:15 GMT

Family focused Trifast locks down growth plans

Mon, 25 Apr 2016 13:20:18 GMT

Nuts and bolts manufacturer Trifast expects trading results to be ahead of ...

Thu, 20 Apr 2017 11:37:23 GMT

Pulling Back the Curtain on Shares of Trifast Plc (TRI.L)

Fri, 15 Dec 2017 23:37:30 GMT

Trifast Releases Half Year Earnings

Tue, 14 Nov 2017 14:37:30 GMT

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 161.4 18.2 16.0 9.99 24.5 18.0
2017A 186.5 22.9 20.5 12.82 19.1 12.7
2018E 199.1 23.5 21.3 13.19 18.6 16.4
2019E 205.1 24.1 21.9 13.51 18.1 15.6

Last updated on 05/12/2017

Investment summary

The impressive record since management restructuring nine years ago restored confidence both internally and across the supplier and customer base. Organic progress is being delivered, while M&A extends the product, geographical and customer spread, providing cross-selling opportunities. A strong set of interim results led us to upgrade our EPS forecasts for FY18 by 5.0% and FY19 by 2.5%. Investment for growth continues across all regions and the strong balance sheet should facilitate M&A, with management taking a more proactive approach in target identification.

Last updated on 13/12/2017

Industry outlook

The global specialist industrial fasteners market is valued at around £25bn. Successful manufacturers and distributors responded to the shift in manufacturing to lower-cost regions by developing their own local facilities and/or supply routes. They have also created effective logistical services and shifted the emphasis towards more complex products to increase value added. A recent increase in M&A activity in the sector looks set to continue in the immediate future.

Last updated on 13/12/2017

Key management

Malcolm Diamond, Chairman
Mark Belton, CEO
Claire Foster, FD

Company address

Trifast House
Bellbrook Park
E. Sussex
TN22 1QW
United Kingdom
+44 (0)1825 747366
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