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.£269.4m
Last close224.00p
High / Low (52 weeks)227.0p / 125.0p
Stock market listingLN
Forecast net debt (£m)4.9
Forecast gearing ratio (%)5
SectorIndustrial Support Services

Price performance

Relative *

* % Relative to local index

Other companies in sector Show

Company news

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

Thu, 20 Apr 2017 11:37:23 GMT

Trifast plc - Preliminary Results for the Year-ended 31 March, 2017

Tue, 13 Jun 2017 08:37:30 GMT

Family focused Trifast locks down growth plans

Mon, 25 Apr 2016 13:20:18 GMT

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

Thu, 16 Feb 2017 08:26:15 GMT

Trifast plc (LSE:TRI) Shareholder Yield in Focus

Mon, 26 Jun 2017 22:07:30 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 22.4 16.4
2017A 186.5 22.9 20.5 12.82 17.5 11.6
2018E 192.0 23.0 20.7 12.56 17.8 15.1
2019E 197.9 24.0 21.7 13.15 17.0 13.7

Last updated on 20/06/2017

Investment summary

As already announced, record FY17 profits have exceeded management expectations and growth was delivered with a strong cash performance and a sharp rise in the dividend. We have increased our EPS estimates marginally for 2018 with restrained growth expectations. As Trifast continues to deliver on its strategy, the 10% rating discount to peers should moderate.

Last updated on 20/06/2017

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 01/06/2017

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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