TRIMAS CORP (TRS) Stock Fundamental Analysis
USA - NASDAQ:TRS - US8962152091 - Common Stock
39.45 USD
+1.09 (+2.84%)
39.45 USD
0 (0%)
Taking everything into account, TRS scores 5 out of 10 in our fundamental rating. TRS was compared to 22 industry peers in the Containers & Packaging industry. TRS scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. 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.
In the past year TRS had a positive cash flow from operations.
TRS had positive earnings in 4 of the past 5 years.
Each year in the past 5 years TRS had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.58%, TRS is in line with its industry, outperforming 50.00% of the companies in the same industry.
With a Return On Equity value of 5.22%, TRS perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.16%, TRS is doing worse than 68.18% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TRS is below the industry average of 7.27%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.58% | ||
| ROE | 5.22% | ||
| ROIC | 4.16% |
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
TRS has a Profit Margin of 3.83%. This is comparable to the rest of the industry: TRS outperforms 59.09% of its industry peers.
TRS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 6.69%, TRS is doing worse than 63.64% of the companies in the same industry.
TRS's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 22.59%, TRS is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
In the last couple of years the Gross Margin of TRS has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.69% | ||
| PM (TTM) | 3.83% | ||
| GM | 22.59% |
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.
TRS has less shares outstanding than it did 1 year ago.
TRS has less shares outstanding than it did 5 years ago.
The debt/assets ratio for TRS is higher compared to a year ago.
2.2 Solvency
TRS has an Altman-Z score of 2.44. This is not the best score and indicates that TRS is in the grey zone with still only limited risk for bankruptcy at the moment.
TRS has a Altman-Z score of 2.44. This is amongst the best in the industry. TRS outperforms 81.82% of its industry peers.
The Debt to FCF ratio of TRS is 13.43, which is on the high side as it means it would take TRS, 13.43 years of fcf income to pay off all of its debts.
TRS has a Debt to FCF ratio (13.43) which is in line with its industry peers.
A Debt/Equity ratio of 0.60 indicates that TRS is somewhat dependend on debt financing.
TRS has a Debt to Equity ratio of 0.60. This is amongst the best in the industry. TRS outperforms 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 13.43 | ||
| Altman-Z | 2.44 |
ROIC/WACC0.49
WACC8.44%
2.3 Liquidity
A Current Ratio of 2.59 indicates that TRS has no problem at all paying its short term obligations.
TRS has a Current ratio of 2.59. This is amongst the best in the industry. TRS outperforms 95.45% of its industry peers.
TRS has a Quick Ratio of 1.44. This is a normal value and indicates that TRS is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TRS (1.44) is better than 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.59 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
TRS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.92%, which is quite good.
TRS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.59% yearly.
TRS shows a small growth in Revenue. In the last year, the Revenue has grown by 6.73%.
The Revenue has been growing slightly by 5.04% on average over the past years.
EPS 1Y (TTM)10.92%
EPS 3Y-9.51%
EPS 5Y-0.59%
EPS Q2Q%41.86%
Revenue 1Y (TTM)6.73%
Revenue growth 3Y2.57%
Revenue growth 5Y5.04%
Sales Q2Q%14.25%
3.2 Future
The Earnings Per Share is expected to grow by 20.17% on average over the next years. This is a very strong growth
Based on estimates for the next years, TRS will show a quite strong growth in Revenue. The Revenue will grow by 8.12% on average per year.
EPS Next Y24.03%
EPS Next 2Y20.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.14%
Revenue Next 2Y8.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
TRS is valuated rather expensively with a Price/Earnings ratio of 20.44.
The rest of the industry has a similar Price/Earnings ratio as TRS.
Compared to an average S&P500 Price/Earnings ratio of 27.67, TRS is valued a bit cheaper.
The Price/Forward Earnings ratio is 16.46, which indicates a correct valuation of TRS.
The rest of the industry has a similar Price/Forward Earnings ratio as TRS.
TRS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.44 | ||
| Fwd PE | 16.46 |
4.2 Price Multiples
68.18% of the companies in the same industry are cheaper than TRS, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRS is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.54 | ||
| EV/EBITDA | 15.4 |
4.3 Compensation for Growth
TRS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as TRS's earnings are expected to grow with 20.17% in the coming years.
PEG (NY)0.85
PEG (5Y)N/A
EPS Next 2Y20.17%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.44%, TRS is not a good candidate for dividend investing.
TRS's Dividend Yield is slightly below the industry average, which is at 3.34.
Compared to an average S&P500 Dividend Yield of 2.35, TRS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
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
17.66% of the earnings are spent on dividend by TRS. This is a low number and sustainable payout ratio.
DP17.66%
EPS Next 2Y20.17%
EPS Next 3YN/A
39.45
+1.09 (+2.84%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners99.48%
Inst Owner Change-1.21%
Ins Owners5.87%
Ins Owner Change2.62%
Market Cap1.60B
Revenue(TTM)973.84M
Net Income(TTM)37.31M
Analysts80
Price Target40.22 (1.95%)
Short Float %9.23%
Short Ratio5.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.44% |
Yearly Dividend0.16
Dividend Growth(5Y)N/A
DP17.66%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.64%
Min EPS beat(2)13.72%
Max EPS beat(2)25.56%
EPS beat(4)2
Avg EPS beat(4)2.34%
Min EPS beat(4)-19.44%
Max EPS beat(4)25.56%
EPS beat(8)4
Avg EPS beat(8)-3.73%
EPS beat(12)5
Avg EPS beat(12)-4.83%
EPS beat(16)7
Avg EPS beat(16)-3.77%
Revenue beat(2)2
Avg Revenue beat(2)4.97%
Min Revenue beat(2)1.64%
Max Revenue beat(2)8.31%
Revenue beat(4)2
Avg Revenue beat(4)1.16%
Min Revenue beat(4)-5.11%
Max Revenue beat(4)8.31%
Revenue beat(8)3
Avg Revenue beat(8)-1.9%
Revenue beat(12)4
Avg Revenue beat(12)-3.33%
Revenue beat(16)4
Avg Revenue beat(16)-3.06%
PT rev (1m)0%
PT rev (3m)15.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)13.49%
EPS NY rev (1m)0%
EPS NY rev (3m)11.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.44 | ||
| Fwd PE | 16.46 | ||
| P/S | 1.65 | ||
| P/FCF | 50.54 | ||
| P/OCF | 18.11 | ||
| P/B | 2.24 | ||
| P/tB | 9.79 | ||
| EV/EBITDA | 15.4 |
EPS(TTM)1.93
EY4.89%
EPS(NY)2.4
Fwd EY6.08%
FCF(TTM)0.78
FCFY1.98%
OCF(TTM)2.18
OCFY5.52%
SpS23.96
BVpS17.6
TBVpS4.03
PEG (NY)0.85
PEG (5Y)N/A
Graham Number27.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.58% | ||
| ROE | 5.22% | ||
| ROCE | 5.19% | ||
| ROIC | 4.16% | ||
| ROICexc | 4.26% | ||
| ROICexgc | 7.75% | ||
| OM | 6.69% | ||
| PM (TTM) | 3.83% | ||
| GM | 22.59% | ||
| FCFM | 3.26% |
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%
ROICexgc growth 3Y-26.13%
ROICexgc 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-Score6
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 13.43 | ||
| Debt/EBITDA | 3.28 | ||
| Cap/Depr | 87.86% | ||
| Cap/Sales | 5.84% | ||
| Interest Coverage | 3.38 | ||
| Cash Conversion | 68.19% | ||
| Profit Quality | 85.02% | ||
| Current Ratio | 2.59 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 2.44 |
F-Score6
WACC8.44%
ROIC/WACC0.49
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)10.92%
EPS 3Y-9.51%
EPS 5Y-0.59%
EPS Q2Q%41.86%
EPS Next Y24.03%
EPS Next 2Y20.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.73%
Revenue growth 3Y2.57%
Revenue growth 5Y5.04%
Sales Q2Q%14.25%
Revenue Next Year10.14%
Revenue Next 2Y8.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-6.89%
EBIT growth 3Y-20.81%
EBIT growth 5Y-12.34%
EBIT Next Year53.18%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y44.84%
FCF growth 3Y-47.6%
FCF growth 5Y-22.52%
OCF growth 1Y24.54%
OCF growth 3Y-21.96%
OCF growth 5Y-3.34%