TRIMAS CORP (TRS) Stock Fundamental Analysis
NASDAQ:TRS - Nasdaq - US8962152091 - Common Stock - Currency: USD
Overall TRS gets a fundamental rating of 4 out of 10. We evaluated TRS against 22 industry peers in the Containers & Packaging industry. While TRS seems to be doing ok healthwise, there are quite some concerns on its profitability. TRS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
TRS had positive earnings in the past year.
TRS had a positive operating cash flow in the past year.
TRS had positive earnings in 4 of the past 5 years.
In the past 5 years TRS always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.26%, TRS is in line with its industry, outperforming 50.00% of the companies in the same industry.
TRS has a Return On Equity (4.59%) which is comparable to the rest of the industry.
The Return On Invested Capital of TRS (3.60%) is worse than 72.73% of its industry peers.
TRS had an Average Return On Invested Capital over the past 3 years of 4.55%. This is below the industry average of 7.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.26% | ||
| ROE | 4.59% | ||
| ROIC | 3.6% |
ROA(3y)3.3%
ROA(5y)1.52%
ROE(3y)6.57%
ROE(5y)3.03%
ROIC(3y)4.55%
ROIC(5y)4.78%
1.3 Margins
The Profit Margin of TRS (3.36%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of TRS has declined.
Looking at the Operating Margin, with a value of 5.87%, TRS is doing worse than 68.18% of the companies in the same industry.
In the last couple of years the Operating Margin of TRS has declined.
The Gross Margin of TRS (21.74%) is comparable to the rest of the industry.
TRS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.87% | ||
| PM (TTM) | 3.36% | ||
| GM | 21.74% |
OM growth 3Y-22.8%
OM growth 5Y-16.54%
PM growth 3Y-26.81%
PM growth 5Y-28.08%
GM growth 3Y-5.16%
GM growth 5Y-4.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRS is destroying value.
Compared to 1 year ago, TRS has less shares outstanding
The number of shares outstanding for TRS has been reduced compared to 5 years ago.
TRS has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.02 indicates that TRS is not a great score, but indicates only limited risk for bankruptcy at the moment.
TRS has a Altman-Z score (2.02) which is comparable to the rest of the industry.
The Debt to FCF ratio of TRS is 16.75, which is on the high side as it means it would take TRS, 16.75 years of fcf income to pay off all of its debts.
TRS has a Debt to FCF ratio of 16.75. This is comparable to the rest of the industry: TRS outperforms 50.00% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that TRS is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.63, TRS belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 16.75 | ||
| Altman-Z | 2.02 |
ROIC/WACC0.44
WACC8.22%
2.3 Liquidity
A Current Ratio of 2.82 indicates that TRS has no problem at all paying its short term obligations.
The Current ratio of TRS (2.82) is better than 95.45% of its industry peers.
TRS has a Quick Ratio of 1.49. This is a normal value and indicates that TRS is financially healthy and should not expect problems in meeting its short term obligations.
TRS has a better Quick ratio (1.49) than 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.82 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
The earnings per share for TRS have decreased by -3.31% in the last year.
TRS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.59% yearly.
Looking at the last year, TRS shows a small growth in Revenue. The Revenue has grown by 3.80% in the last year.
The Revenue has been growing slightly by 5.04% on average over the past years.
EPS 1Y (TTM)-3.31%
EPS 3Y-9.51%
EPS 5Y-0.59%
EPS Q2Q%24.32%
Revenue 1Y (TTM)3.8%
Revenue growth 3Y2.57%
Revenue growth 5Y5.04%
Sales Q2Q%6.42%
3.2 Future
Based on estimates for the next years, TRS will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.68% on average per year.
TRS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.54% yearly.
EPS Next Y11.07%
EPS Next 2Y11.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.52%
Revenue Next 2Y4.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.45, which indicates a correct valuation of TRS.
Based on the Price/Earnings ratio, TRS is valued a bit cheaper than 63.64% of the companies in the same industry.
TRS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.57.
The Price/Forward Earnings ratio is 13.06, which indicates a correct valuation of TRS.
TRS's Price/Forward Earnings ratio is in line with the industry average.
TRS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.45 | ||
| Fwd PE | 13.06 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TRS is valued a bit more expensive than 63.64% of the companies in the same industry.
TRS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.26 | ||
| EV/EBITDA | 12.47 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.4
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.59%, TRS is not a good candidate for dividend investing.
TRS's Dividend Yield is slightly below the industry average, which is at 3.07.
Compared to an average S&P500 Dividend Yield of 2.40, TRS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.59% |
5.2 History
TRS has been paying a dividend for over 5 years, so it has already some track record.
TRS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
TRS pays out 20.87% of its income as dividend. This is a sustainable payout ratio.
DP20.87%
EPS Next 2Y11.68%
EPS Next 3YN/A
27.04
+0.23 (+0.86%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners103.2%
Inst Owner Change4.31%
Ins Owners6.25%
Ins Owner Change2.63%
Market Cap1.10B
Analysts76.67
Price Target34.83 (28.81%)
Short Float %7.62%
Short Ratio5.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.59% |
Yearly Dividend0.16
Dividend Growth(5Y)N/A
DP20.87%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.63%
Min EPS beat(2)-10.46%
Max EPS beat(2)13.72%
EPS beat(4)1
Avg EPS beat(4)-9.06%
Min EPS beat(4)-20.05%
Max EPS beat(4)13.72%
EPS beat(8)3
Avg EPS beat(8)-7.05%
EPS beat(12)4
Avg EPS beat(12)-7.04%
EPS beat(16)7
Avg EPS beat(16)-4.68%
Revenue beat(2)1
Avg Revenue beat(2)0.72%
Min Revenue beat(2)-0.21%
Max Revenue beat(2)1.64%
Revenue beat(4)1
Avg Revenue beat(4)-0.97%
Min Revenue beat(4)-5.11%
Max Revenue beat(4)1.64%
Revenue beat(8)2
Avg Revenue beat(8)-4.16%
Revenue beat(12)3
Avg Revenue beat(12)-4.14%
Revenue beat(16)3
Avg Revenue beat(16)-3.69%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.45 | ||
| Fwd PE | 13.06 | ||
| P/S | 1.17 | ||
| P/FCF | 42.26 | ||
| P/OCF | 14.34 | ||
| P/B | 1.6 | ||
| P/tB | 7.51 | ||
| EV/EBITDA | 12.47 |
EPS(TTM)1.75
EY6.47%
EPS(NY)2.07
Fwd EY7.66%
FCF(TTM)0.64
FCFY2.37%
OCF(TTM)1.89
OCFY6.97%
SpS23.11
BVpS16.89
TBVpS3.6
PEG (NY)1.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.26% | ||
| ROE | 4.59% | ||
| ROCE | 4.49% | ||
| ROIC | 3.6% | ||
| ROICexc | 3.7% | ||
| ROICexgc | 6.75% | ||
| OM | 5.87% | ||
| PM (TTM) | 3.36% | ||
| GM | 21.74% | ||
| FCFM | 2.77% |
ROA(3y)3.3%
ROA(5y)1.52%
ROE(3y)6.57%
ROE(5y)3.03%
ROIC(3y)4.55%
ROIC(5y)4.78%
ROICexc(3y)4.82%
ROICexc(5y)5.17%
ROICexgc(3y)9.3%
ROICexgc(5y)10.22%
ROCE(3y)5.66%
ROCE(5y)5.96%
ROICexcg growth 3Y-26.13%
ROICexcg growth 5Y-19.63%
ROICexc growth 3Y-23.76%
ROICexc growth 5Y-16.4%
OM growth 3Y-22.8%
OM growth 5Y-16.54%
PM growth 3Y-26.81%
PM growth 5Y-28.08%
GM growth 3Y-5.16%
GM growth 5Y-4.21%
F-Score7
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 16.75 | ||
| Debt/EBITDA | 3.64 | ||
| Cap/Depr | 78.45% | ||
| Cap/Sales | 5.39% | ||
| Interest Coverage | 2.9 | ||
| Cash Conversion | 64.03% | ||
| Profit Quality | 82.49% | ||
| Current Ratio | 2.82 | ||
| Quick Ratio | 1.49 | ||
| Altman-Z | 2.02 |
F-Score7
WACC8.22%
ROIC/WACC0.44
Cap/Depr(3y)86.35%
Cap/Depr(5y)84.94%
Cap/Sales(3y)5.59%
Cap/Sales(5y)5.46%
Profit Quality(3y)59.07%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.31%
EPS 3Y-9.51%
EPS 5Y-0.59%
EPS Q2Q%24.32%
EPS Next Y11.07%
EPS Next 2Y11.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.8%
Revenue growth 3Y2.57%
Revenue growth 5Y5.04%
Sales Q2Q%6.42%
Revenue Next Year5.52%
Revenue Next 2Y4.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-23.63%
EBIT growth 3Y-20.81%
EBIT growth 5Y-12.34%
EBIT Next Year42.4%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-6.1%
FCF growth 3Y-47.6%
FCF growth 5Y-22.52%
OCF growth 1Y0.08%
OCF growth 3Y-21.96%
OCF growth 5Y-3.34%