Financials Trifast plc

Equities

Market Closed - London S.E. Other stock markets 11:35:01 2024-04-26 am EDT			5-day change	1st Jan Change
77 ^GBX	-4.94%		+2.94%	-12.90%

Apr. 25	Norcros sells Johnson Tiles UK; Trifast trading well	AN
Apr. 25	LSL Property rises as swings to profit	AN

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	232.1	115.2	202.5	155	104.3	103.7	-	-
Enterprise Value (EV) ¹	246.3	130.4	189.2	178.8	142.4	132.9	128.9	125.1
P/E ratio	19.2 x	-500 x	34.8 x	17.5 x	-36.7 x	45.3 x	17.7 x	10.1 x
Yield	2.23%	1.26%	1.07%	1.83%	2.89%	2.34%	2.94%	3.2%
Capitalization / Revenue	1.11 x	0.58 x	1.08 x	0.71 x	0.43 x	0.45 x	0.43 x	0.42 x
EV / Revenue	1.18 x	0.65 x	1.01 x	0.82 x	0.58 x	0.58 x	0.54 x	0.5 x
EV / EBITDA	9.31 x	5.54 x	10.8 x	8.76 x	7.38 x	6.97 x	5.55 x	4.71 x
EV / FCF	43 x	11.9 x	9.35 x	-7.73 x	-53.4 x	6.4 x	13.4 x	12.9 x
FCF Yield	2.33%	8.38%	10.7%	-12.9%	-1.87%	15.6%	7.48%	7.78%
Price to Book	1.9 x	1 x	1.54 x	1.12 x	0.77 x	0.76 x	0.73 x	-
Nbr of stocks (in thousands)	121,843	121,299	134,996	134,815	134,103	134,662	-	-
Reference price ²	1.905	0.9500	1.500	1.150	0.7780	0.7700	0.7700	0.7700
Announcement Date	6/11/19	7/28/20	6/22/21	7/26/22	7/11/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	209	200.2	188.2	218.6	244.4	230.7	240.2	248.9
EBITDA ¹	26.45	23.52	17.6	20.41	19.3	19.06	23.24	26.55
EBIT ¹	24.2	18.09	11.98	14.75	12	11.55	15.69	19.51
Operating Margin	11.58%	9.03%	6.37%	6.75%	4.91%	5.01%	6.53%	7.84%
Earnings before Tax (EBT) ¹	16.42	3.042	7.784	10.62	-2.7	3.25	8.4	13.8
Net income ¹	12.24	-0.238	5.79	8.977	-2.866	1.367	4.833	9.6
Net margin	5.86%	-0.12%	3.08%	4.11%	-1.17%	0.59%	2.01%	3.86%
EPS ²	0.0990	-0.001900	0.0431	0.0656	-0.0212	0.0170	0.0435	0.0760
Free Cash Flow ¹	5.727	10.93	20.24	-23.14	-2.664	20.75	9.639	9.735
FCF margin	2.74%	5.46%	10.76%	-10.59%	-1.09%	9%	4.01%	3.91%
FCF Conversion (EBITDA)	21.65%	46.45%	115.01%	-	-	108.87%	41.48%	36.67%
FCF Conversion (Net income)	46.77%	-	349.53%	-	-	1,518.4%	199.43%	101.41%
Dividend per Share ²	0.0425	0.0120	0.0160	0.0210	0.0225	0.0180	0.0226	0.0247
Announcement Date	6/11/19	7/28/20	6/22/21	7/26/22	7/11/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	14.2	15.2	-	23.8	38	29.2	25.2	21.5
Net Cash position ¹	-	-	13.3	-	-	-	-	-
Leverage (Debt/EBITDA)	0.5353 x	0.6461 x	-	1.164 x	1.971 x	1.53 x	1.084 x	0.808 x
Free Cash Flow ¹	5.73	10.9	20.2	-23.1	-2.66	20.8	9.64	9.74
ROE (net income / shareholders' equity)	15.5%	11.1%	4.68%	6.63%	-2.08%	4.8%	6%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	1.000	0.9500	0.9700	1.020	1.010	1.020	1.050	-
Cash Flow per Share ²	0.0800	0.1300	0.1700	-0.1300	-	0.1400	0.1100	0.1400
Capex ¹	4.18	4.59	3.06	5.25	5.63	4.33	4.57	5.2
Capex / Sales	2%	2.29%	1.63%	2.4%	2.3%	1.88%	1.9%	2.09%
Announcement Date	6/11/19	7/28/20	6/22/21	7/26/22	7/11/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.77 GBP

Average target price

1.133 GBP

Spread / Average Target

+47.19%

	1st Jan change	Capi.
TRIFAST PLC	-12.90%	129M
ATLAS COPCO AB	+11.73%	82.35B
PARKER-HANNIFIN CORPORATION	+20.17%	71.09B
INGERSOLL RAND INC.	+20.89%	37.73B
XYLEM INC.	+15.77%	32.01B
FANUC CORPORATION	+9.19%	27.2B
FORTIVE CORPORATION	+3.18%	26.74B
SANDVIK AB	+4.22%	26B
TECHTRONIC INDUSTRIES CO. LTD.	+16.93%	25.5B
DOVER CORPORATION	+17.14%	24.76B