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Trifast
(LSE:TRI)
Select Model
Select Model
Rating:58Neutral
Price Target:
90.00 p
▲(3.45% Upside)
Action:Reiterated
Date:07/04/26
The score is primarily constrained by weak financial performance quality (multi-year revenue decline and inconsistent net profitability despite solid recent cash flow). Technicals are a secondary positive (price above key moving averages with positive MACD), while valuation is a meaningful headwind due to the very high P/E relative to the company’s uneven earnings.
Positive Factors
Positive Free Cash Flow
Sustained positive operating and free cash flow supports reinvestment, debt servicing and shareholder returns. Stronger 2026 FCF indicates improved cash conversion, although its durability depends on maintaining working-capital discipline.
Negative Factors
Persistent Revenue Decline
Several years of falling revenue indicate sustained demand weakness, customer or market-share pressure, or portfolio constraints. Without a return to organic growth, fixed-cost absorption and the ability to fund strategic investment may remain limited.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Free Cash Flow
Sustained positive operating and free cash flow supports reinvestment, debt servicing and shareholder returns. Stronger 2026 FCF indicates improved cash conversion, although its durability depends on maintaining working-capital discipline.
Read all positive factors
Trifast (TRI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£118.66M
Dividend Yield2.07%
Average Volume (3M)114.35K
Price to Earnings (P/E)―
Beta (1Y)0.56
Revenue Growth-6.75%
EPS Growth-194.81%
CountryUK
Employees1,115
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding136,119,980
10 Day Avg. Volume248,725
30 Day Avg. Volume114,352
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)£213.76M
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
79.58
Positive
72.92
Positive
72.86
Positive
Market Momentum
2.29
Positive
57.64
Neutral
29.56
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 85.71, above the 50-day MA of 79.58, and above the 200-day MA of 72.86, indicating a bullish trend. The MACD of 2.29 indicates Positive momentum. The RSI at 57.64 is Neutral, neither overbought nor oversold. The STOCH value of 29.56 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | £1.37B | 34.90 | 33.12% | 4.37% | 24.42% | 103.25% | |
72 Outperform | £130.48M | 17.74 | 5.98% | 5.92% | -2.11% | 80.71% | |
66 Neutral | £1.22B | -256.09 | 7.31% | 1.04% | -10.52% | -110.02% | |
64 Neutral | £3.45B | 21.61 | 11.55% | 3.36% | -0.77% | 6.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | £118.66M | -119.18 | -0.82% | 2.35% | -6.75% | -194.81% | |
57 Neutral | £53.00M | 40.35 | 2.61% | 2.62% | -15.36% | -84.62% |
* Industrials Sector Average
GB:TRI
Trifast
87.00
9.30
11.97%
GB:BILN
Billington Holdings
410.00
59.59
17.01%
GB:CGS
Castings
308.00
54.26
21.39%
GB:RS1
RS Group PLC
756.50
212.70
39.11%
GB:GDWN
Goodwin
18,460.00
9,333.38
102.27%
GB:SNR
Senior plc
294.50
96.37
48.64%
Trifast Corporate Events
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...
Business Operations and StrategyDividendsFinancial Disclosures
Trifast lifts margins and trims debt as it pivots to higher-value growth markets
Positive
Jul 2, 2026
Trifast reported audited full-year 2026 results showing resilient performance in a tough macroeconomic and geopolitical environment, with revenue down 7.3% at constant exchange rates to £207.1m as the Group deliberately prioritised higher-qua...
Business Operations and Strategy
Trifast Appoints Berenberg and Singer as Joint Corporate Brokers
Positive
Jun 11, 2026
Trifast plc has appointed Joh. Berenberg, Gossler Co. KG (London Branch) and Singer Capital Markets as joint corporate brokers with immediate effect. The move signals a refreshed approach to its capital markets engagement, potentially broadening ...
Executive/Board Changes
Trifast Chair Serena Lang Takes New Role at Gooch & Housego
Positive
Jun 3, 2026
Trifast plc has announced that its Non-Executive Director and Chair, Serena Lang, has been appointed as an Independent Non-Executive Director and Chair Designate at Gooch Housego, an AIM-listed company. She will transition to the role of Non-Exec...
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.