TRIMAS CORP (TRS) Stock Fundamental Analysis
NASDAQ:TRS - Nasdaq - US8962152091 - Common Stock - Currency: USD
TRS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 22 industry peers in the Containers & Packaging industry. The financial health of TRS is average, but 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
In the past year TRS was profitable.
TRS had a positive operating cash flow in the past year.
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
TRS has a Return On Assets (2.26%) which is comparable to the rest of the industry.
With a Return On Equity value of 4.59%, TRS perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.60%, TRS is doing worse than 72.73% 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 7.48%.
| 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
TRS has a Profit Margin (3.36%) which is in line with its industry peers.
TRS's Profit Margin has declined in the last couple of years.
TRS has a worse Operating Margin (5.87%) than 68.18% of its industry peers.
TRS's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 21.74%, TRS perfoms like the industry average, outperforming 59.09% 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 | 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
TRS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
TRS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, TRS has less shares outstanding
Compared to 1 year ago, TRS has a worse debt to assets ratio.
2.2 Solvency
TRS has an Altman-Z score of 1.99. 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's Altman-Z score of 1.99 is in line compared to the rest of the industry. TRS outperforms 59.09% of its industry peers.
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.
The Debt to FCF ratio of TRS (16.75) is comparable to the rest of the industry.
TRS has a Debt/Equity ratio of 0.63. This is a neutral value indicating TRS is somewhat dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.63, TRS belongs to the best 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 | 1.99 |
ROIC/WACC0.47
WACC7.64%
2.3 Liquidity
A Current Ratio of 2.82 indicates that TRS has no problem at all paying its short term obligations.
TRS's Current ratio of 2.82 is amongst the best of the industry. TRS outperforms 95.45% of its industry peers.
A Quick Ratio of 1.49 indicates that TRS should not have too much problems paying its short term obligations.
TRS has a Quick ratio of 1.49. This is amongst the best in the industry. TRS outperforms 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.82 | ||
| Quick Ratio | 1.49 |
3. Growth
3.1 Past
TRS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.31%.
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 3.80%.
TRS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.04% yearly.
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
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.66 indicates a correct valuation of TRS.
TRS's Price/Earnings ratio is a bit cheaper when compared to the industry. TRS is cheaper than 72.73% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.60. TRS is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 12.39, the valuation of TRS can be described as correct.
TRS's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of TRS to the average of the S&P500 Index (22.43), we can say TRS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.66 | ||
| Fwd PE | 12.39 |
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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.09 | ||
| EV/EBITDA | 12.14 |
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)1.32
PEG (5Y)N/A
EPS Next 2Y11.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
TRS has a yearly dividend return of 0.65%, which is pretty low.
TRS's Dividend Yield is slightly below the industry average, which is at 3.20.
With a Dividend Yield of 0.65, TRS pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
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
20.87% of the earnings are spent on dividend by TRS. This is a low number and sustainable payout ratio.
DP20.87%
EPS Next 2Y11.68%
EPS Next 3YN/A
25.65
-0.18 (-0.7%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)
Earnings (Next)
Inst Owners104.19%
Inst Owner Change4.32%
Ins Owners1.38%
Ins Owner Change2.45%
Market Cap1.04B
Analysts77.14
Price Target34.83 (35.79%)
Short Float %7.98%
Short Ratio5.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
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)1.37%
EPS NQ rev (3m)-7.14%
EPS NY rev (1m)2.99%
EPS NY rev (3m)-9.18%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.66 | ||
| Fwd PE | 12.39 | ||
| P/S | 1.11 | ||
| P/FCF | 40.09 | ||
| P/OCF | 13.6 | ||
| P/B | 1.52 | ||
| P/tB | 7.13 | ||
| EV/EBITDA | 12.14 |
EPS(TTM)1.75
EY6.82%
EPS(NY)2.07
Fwd EY8.07%
FCF(TTM)0.64
FCFY2.49%
OCF(TTM)1.89
OCFY7.35%
SpS23.11
BVpS16.89
TBVpS3.6
PEG (NY)1.32
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 | 1.99 |
F-Score7
WACC7.64%
ROIC/WACC0.47
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 Year41.5%
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%