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.£263.6m
Last close219.13p
High / Low (52 weeks)227.0p / 140.5p
Stock market listingLN
Forecast net debt (£m)4.9
Forecast gearing ratio (%)5
TeamIndustrials
SectorIndustrial Support Services

Price performance

%1m3m12m
Actual0.5(2.6)53.2
Relative *0.2(1.9)42.9

* % 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

221.00

Wed, 27 Jul 2011 11:30:44 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

4 smoking small caps for shrewd investors! Avon Rubber plc, Trifast plc ...

Wed, 04 May 2016 09:22:30 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 21.9 16.1
2017A 186.5 22.9 20.5 12.82 17.1 11.3
2018E 192.0 23.0 20.7 12.56 17.4 14.8
2019E 197.9 24.0 21.7 13.15 16.7 13.4

Last updated on 21/07/2017

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. FY17 results exceeded expectations with a strong cash performance. Momentum continues in FY18 despite margin pressures arising from FX movements. The AGM trading update on 27 July should provide early indications of progress.

Last updated on 03/08/2017

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 03/08/2017

Key management

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

Company address

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