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Trifast
(LSE:TRI)
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Rating:58Neutral
Price Target:
87.00 p
▲(0.00% Upside)
Action:Reiterated
Date:10/04/26
The score is primarily constrained by financial performance: revenue has been declining for several years and net profitability is inconsistent, including a loss in 2026. Offsetting factors include improved recent cash generation and a generally stable balance sheet, while technicals are mildly supportive with the stock trading above longer-term moving averages. Valuation is mixed due to a negative P/E, partially balanced by a moderate dividend yield.
Positive Factors
Improving cash generation
Positive operating and free cash flow over the latest three years provides internal funding for operations, investment, and debt service. The strong 2026 free-cash-flow improvement is encouraging because it can strengthen financial resilience and reduce reliance on external capital, despite historical volatility.
Negative Factors
Multi-year revenue decline
Several consecutive years of falling revenue indicate sustained pressure on demand, customer volumes, or market share rather than a single temporary setback. Prolonged top-line contraction can limit operating leverage, weaken reinvestment capacity, and make a durable earnings recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Positive operating and free cash flow over the latest three years provides internal funding for operations, investment, and debt service. The strong 2026 free-cash-flow improvement is encouraging because it can strengthen financial resilience and reduce reliance on external capital, despite historical volatility.
Read all positive factors
Trifast (TRI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£117.11M
Dividend Yield2.17%
Average Volume (3M)136.47K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth-6.75%
EPS Growth-194.81%
CountryUK
Employees1,115
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding136,189,590
10 Day Avg. Volume82,813
30 Day Avg. Volume136,472
Financial Highlights & Ratios
PEG Ratio0.47
Price to Book (P/B)0.78
Price to Sales (P/S)0.43
P/FCF Ratio9.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£140.00Price Target Upside60.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.08
Revenue Forecast (FY)£213.60M
Trifast Business Overview & Revenue Model
Company Description
Trifast plc, operating through its global network of subsidiaries, is a specialist in the creation, production, and supply of industrial fastening solutions and category 'C' components, serving markets across the UK, Europe, North America, and Asi...
How the Company Makes Money
Trifast makes money primarily by selling fasteners and related components to industrial and manufacturing customers. Its core revenue stream is product sales, which typically include (1) standard catalogue fasteners sold in volume, and (2) higher-...
Trifast Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
66
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 208.37M | 223.47M | 233.67M | 244.39M | 218.62M |
| Gross Profit | 60.94M | 63.35M | 58.83M | 61.93M | 58.43M |
| EBITDA | 22.46M | 18.57M | 14.58M | 9.26M | 18.89M |
| Net Income | -982.00K | 1.04M | -4.44M | -2.87M | 8.98M |
Balance Sheet | |||||
| Total Assets | 223.25M | 229.00M | 230.16M | 265.33M | 255.02M |
| Cash, Cash Equivalents and Short-Term Investments | 32.42M | 24.26M | 20.88M | 31.80M | 26.74M |
| Total Debt | 68.32M | 62.95M | 60.27M | 85.64M | 64.22M |
| Total Liabilities | 107.63M | 107.92M | 105.98M | 129.44M | 115.87M |
| Stockholders Equity | 115.62M | 121.08M | 124.18M | 135.89M | 139.15M |
Cash Flow | |||||
| Free Cash Flow | 9.64M | 13.47M | 24.00M | -2.66M | -23.14M |
| Operating Cash Flow | 13.12M | 16.89M | 28.58M | 2.96M | -17.90M |
| Investing Cash Flow | -3.49M | -2.21M | -235.00K | -5.46M | -11.03M |
| Financing Cash Flow | -946.00K | -10.87M | -38.17M | 7.36M | 24.06M |
Trifast Technical Analysis
Positive
87.00
Price Trends
84.63
Positive
78.07
Positive
73.86
Positive
Market Momentum
1.00
Negative
58.20
Neutral
78.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TRI, the sentiment is Positive. The current price of 87 is above the 20-day moving average (MA) of 83.99, above the 50-day MA of 84.63, and above the 200-day MA of 73.86, indicating a bullish trend. The MACD of 1.00 indicates Negative momentum. The RSI at 58.20 is Neutral, neither overbought nor oversold. The STOCH value of 78.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TRI.
Trifast Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £122.22M | 15.73 | 5.98% | 6.74% | -2.11% | 80.71% | |
65 Neutral | £3.63B | 22.56 | 11.55% | 2.90% | -0.77% | 6.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £1.23B | -258.70 | -1.30% | 1.01% | -10.52% | -110.02% | |
60 Neutral | £1.06B | 26.62 | 34.20% | 6.95% | 24.42% | 103.25% | |
58 Neutral | £117.11M | -120.00 | -0.82% | 2.17% | -6.75% | -194.81% | |
56 Neutral | £57.85M | 26.25 | 4.31% | 2.53% | 11.26% | -64.62% |
* Industrials Sector Average
GB:TRI
Trifast
87.60
7.86
9.86%
GB:BILN
Billington Holdings
435.00
172.19
65.52%
GB:CGS
Castings
273.00
41.90
18.13%
GB:RS1
RS Group PLC
789.50
268.32
51.48%
GB:GDWN
Goodwin
14,080.00
787.13
5.92%
GB:SNR
Senior plc
297.50
104.60
54.23%
Trifast Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Trifast Plans Capital Reduction to Boost Dividend Flexibility
Positive
Sep 25, 2026
Trifast plc has published a circular convening a general meeting on 14 October 2026 to seek shareholder approval for a court‑sanctioned reduction of its capital, converting non‑distributable merger reserve and share premium into distri...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Trifast Wins Strong Shareholder Backing as AGM Approves Dividend and Board Resolutions
Positive
Sep 8, 2026
Trifast plc has confirmed that all resolutions proposed at its annual general meeting on 8 September 2026 were duly passed, including the approval of its 2026 annual report and directors’ remuneration report, and the re-election of the entir...
Business Operations and StrategyFinancial Disclosures
Trifast Confirms Trading in Line With Expectations Amid Challenging Backdrop
Positive
Sep 8, 2026
Trifast plc reported that trading in the current financial year remains in line with market expectations, despite a challenging macroeconomic backdrop and ongoing pressure on its North American automotive business. The Group highlighted that this ...
Business Operations and StrategyDividendsShareholder Meetings
Trifast Confirms Final Dividend Timetable and AGM Access
Positive
Aug 27, 2026
Trifast plc has confirmed the timetable for its proposed final dividend of 1.30p per ordinary share for the year to 31 March 2026, subject to approval at its annual general meeting on 8 September 2026. The shares will go ex-dividend on 10 Septembe...
Business Operations and StrategyExecutive/Board Changes
Trifast Chair to Step Down from Henry Boot Board While Retaining Company Role
Neutral
Aug 27, 2026
Trifast plc has announced that its chair, Serena Lang, intends to step down as a non-executive director of Henry Boot plc, while remaining in that role until a successor is appointed to ensure an orderly transition. The company confirmed that ther...
Business Operations and StrategyExecutive/Board Changes
Trifast Director Louis Eperjesi to Join Breedon Group Board
Positive
Jul 30, 2026
Trifast plc has announced that independent non-executive director Louis Eperjesi is to join the board of Breedon Group plc as an independent non-executive director, with the appointment expected to take effect in early 2027. The additional board r...
Business Operations and StrategyRegulatory Filings and Compliance
Trifast Director Nicholas Mills Lifts Stake to Over 20% After Share Purchase
Positive
Jul 6, 2026
Trifast plc has disclosed a significant increase in the shareholding of director Nicholas Mills through connected investment vehicles. The holdings are spread across Harwood Capital Management, Oryx International Growth Fund, Rockwood Strategic an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.