Trigano SA (TRI) AI Stock Analysis

• Market Cap: $2.82B
• Dividend Yield: 2.51%
• Average Volume (3M): 13.54K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 1.33
• Revenue Growth: -2.14%
• EPS Growth: -18.29%
• Country: FR
• Employees: 10,652
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 5.47
• Shares Outstanding: 19,336,267
• 10 Day Avg. Volume: 12,647
• 30 Day Avg. Volume: 13,539
• PEG Ratio: 0.25
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.52
• P/FCF Ratio: -273.67
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.72
• Enterprise Value/Gross Profit: 2.14
• Enterprise Value/Ebitda: 6.25
• 1Y Price Target: $179.39
• Price Target Upside: 25.01% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 74 Outperform
• Price Target: €169.00 ▲(17.77% Upside)

Trigano SA's overall stock score is driven by strong financial performance and attractive valuation. The company's robust revenue growth and profitability are key strengths, although cash flow management needs improvement. Technical analysis indicates mixed momentum, but the low P/E ratio and reasonable dividend yield suggest the stock is undervalued, enhancing its investment appeal.

Trigano SA Business Overview & Revenue Model

Company Description

Trigano S.A., together with its subsidiaries, designs, manufactures, markets, and sells leisure vehicles and trailers for individuals and professionals in Europe. The company operates through Leisure Vehicles and Leisure Equipment segments. It offers leisure vehicles, including caravans, motorhomes, and mobile homes; camping and garden equipment; tents; and baggage and utility trailers, as well as accessories for leisure vehicles. The company also rents motorhomes; and provides finance for leisure vehicles, as well as offers a range of rental stay services in mobile homes. It offers its products through dealer networks and distributors, as well as through its online sales site, Triganostore.com. Trigano S.A. was founded in 1935 and is based in Paris, France.

How the Company Makes Money

Trigano generates revenue primarily through the sale of its leisure vehicles, which include motorhomes and caravans. The company has a diversified revenue model that includes direct sales to consumers, as well as partnerships with various dealerships across Europe. Additionally, Trigano earns income from the sale of accessories and parts, which complement their vehicles. The company benefits from a growing trend of outdoor recreational activities, particularly in Europe, which has led to increased demand for leisure vehicles. Significant partnerships with dealers and a strong presence in the European market further contribute to Trigano's earnings, allowing them to capitalize on the expanding leisure industry.

Trigano SA Financial Statement Overview

Summary

Trigano SA exhibits strong revenue growth and profitability, supported by a solid balance sheet with low leverage. However, the decline in cash flow metrics highlights potential areas for financial improvement. The company is well-positioned in terms of profitability and stability, but attention should be given to cash flow management to ensure sustainable growth.

Income Statement

Trigano SA has demonstrated strong revenue growth with a 12.8% increase from 2023 to 2024. The company maintains robust profitability metrics with a gross profit margin of 34.5% and a net profit margin of 9.5% for 2024. EBIT and EBITDA margins are also healthy at 12.7% and 14.8%, respectively. Overall, the income statement reflects a strong performance with consistent growth and profitability.

Balance Sheet

The balance sheet shows a solid equity base with a debt-to-equity ratio of 0.11, indicating low leverage. The return on equity is strong at 19.6%, reflecting efficient use of equity to generate profits. The equity ratio of 66.4% suggests a stable financial structure with a significant portion of assets financed by equity. Overall, the balance sheet is strong, though the decrease in cash reserves warrants attention.

Cash Flow

Trigano SA's cash flow statements reveal a concerning decline in free cash flow in 2024, resulting in negative free cash flow. The operating cash flow to net income ratio is 0.14, indicating challenges in converting income into cash. Additionally, the company has experienced a significant decrease in free cash flow from 2023 to 2024, suggesting potential cash flow management issues. Overall, while operational cash flow is positive, the negative free cash flow is a notable concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.70B	3.93B	3.48B	3.18B	2.93B	2.18B
Gross Profit	1.24B	1.36B	1.17B	343.80M	346.28M	173.56M
EBITDA	425.20M	576.50M	472.90M	414.00M	322.40M	212.48M
Net Income	299.70M	374.40M	308.10M	278.40M	222.70M	139.46M
Balance Sheet
Total Assets	3.42B	2.88B	2.53B	2.33B	2.19B	1.73B
Cash, Cash Equivalents and Short-Term Investments	382.80M	261.30M	359.00M	447.40M	597.52M	330.32M
Total Debt	455.20M	216.60M	164.20M	321.40M	248.71M	210.31M
Total Liabilities	1.43B	967.50M	923.20M	992.30M	1.02B	739.86M
Stockholders Equity	1.99B	1.91B	1.60B	1.34B	1.18B	992.66M
Cash Flow
Free Cash Flow	207.80M	-7.50M	125.90M	91.50M	344.06M	235.61M
Operating Cash Flow	256.60M	53.30M	201.70M	169.70M	386.72M	285.09M
Investing Cash Flow	-245.50M	-99.20M	-81.10M	-177.70M	-46.99M	-77.31M
Financing Cash Flow	102.40M	-100.00M	-153.00M	-198.90M	-74.42M	-83.78M

Trigano SA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 143.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:TRI, the sentiment is Negative. The current price of 143.5 is below the 20-day moving average (MA) of 147.47, below the 50-day MA of 146.20, and above the 200-day MA of 133.57, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 40.22 is Neutral, neither overbought nor oversold. The STOCH value of 12.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:TRI.

Trigano SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRI	―	$2.82B	9.41	16.29%	2.51%	-2.14%	-18.29%
ALVDM	―	€742.75M	12.05	―	2.98%	5.87%	36.49%
ALCAT	―	€94.56M	3.87	26.21%	6.24%	-6.05%	-0.45%
RBO	―	€367.75M	27.60	14.30%	3.47%	0.82%	-34.14%
ARAMI	―	€528.63M	21.34	13.58%	―	11.90%	―
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MDM	―	€83.60M	-0.50	-33.85%	2.97%	-10.98%	-905.89%