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.£267m
Last close222.00p
High / Low (52 weeks)225.0p / 125.0p
Stock market listingLN
Forecast net debt (£m)8.1
Forecast gearing ratio (%)8
TeamIndustrials
SectorIndustrial Support Services

Price performance

%1m3m12m
Actual4.07.062.9
Relative *3.94.842.0

* % 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

Grt Capital Partners Decreased Williams Clayton Energy (CWEI) Stake; Trifast ...

Fri, 28 Apr 2017 12:22:30 GMT

Family focused Trifast locks down growth plans

Mon, 25 Apr 2016 13:20:18 GMT

N+1 Singer Reiterates Buy Rating for Trifast plc (TRI)

Mon, 24 Apr 2017 07:52:30 GMT

220.00

Wed, 27 Jul 2011 11:30:44 GMT

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 154.7 16.5 14.3 8.68 25.6 37.2
2016A 161.4 18.2 16.0 9.99 22.2 16.3
2017E 186.2 22.8 20.1 12.70 17.5 12.4
2018E 190.3 23.0 20.6 12.90 17.2 13.3

Last updated on 21/04/2017

Investment summary

Trifast has released a pre-close update that has indicated the favourable trading conditions persisted through the final quarter, boosted by FX tailwinds. As a result profits have exceeded management expectations, accompanied by a strong cash performance. We have increased our earnings estimates for both 2017 and 2018 once again. When combined with the stronger than expected net debt position this has led us to also increase our dividend expectations.

Last updated on 20/04/2017

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 04/04/2017

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