Trifast (TRI)

Company name:	Trifast Plc
EPIC:	TRI	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB0008883927
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.trifast.com/	Description:	ORD 5P
Industry Sector:	INDUSTRIAL ENGINEERING

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
130.00	-2.0 [-1.52]	130.00	132.00	132.50	132.50	132.00	24,234
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
176.73	135.95	0.13	-0.19	1.20	-	0.92	155.00 - 90.00

Trifast Key Figures

(at previous day's close)
Market Cap.	176.73	m
Shares In Issue	135.95	m
Prev. Close	132.00
PE Ratio	-
Dividend Yield	0.92	%
EPS - basic	-0.19	p
Dividend PS	1.20	p
Dividend Cover	-
Cash Flow PS	11.41	p
Return On Equity (ROE)	-0.21	%
Operating Margin	1.52	%
PEG Factor	-
EPS Growth Rate	-101.87	%
Dividends PS Growth Rate	-71.76	%
Net Debt	71.75	m
Gross Gearing	46.49	%
Quick Assets	83.58	m
Net Working Capital	102.66	m
Intangibles / Fixed Assets	72.16	%
Turnover PS	147.28	p
Pre-Tax Profit PS	2.24	p
Retained Profit PS	-3.95	p
Cash PS	21.13	p
Net Cash PS	-8.37	p
Net Tangible Asset Value PS *	46.13	p
Net Asset Value PS	85.08	p
Spread	2.00 (1.52%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Trifast Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	144.50	132.00
4 weeks	150.00	132.00
12 weeks	155.00	132.00
1 year	155.00	90.00

Share Price Chart (5 years)

Trifast Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	144.50	-14.50	-10.03	132.00	0.27		134.05
4 weeks	140.50	-10.50	-7.47	132.00	0.44		138.17
12 weeks	154.50	-24.50	-15.86	132.00	0.19		140.07
26 weeks	104.50	25.50	24.40	96.60	0.14		134.39
1 year	142.00	-12.00	-8.45	90.00	0.19		122.05
3 years	260.00	-130.00	-50.00	90.00	0.17		174.54
5 years	119.50	10.50	8.79	90.00	0.15		177.96
† periods calculated are whole weeks rather than calendar months

Trifast Key Management Ratios

Trifast Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	14.43
PE Ratio	-
Tobin's Q Ratio	0.84
Tobin's Q Ratio (excl. intangibles)	1.09
Dividend Yield	0.92	%
Market-to-Book Ratio	1.53
Price-to-Pre-Tax Profit PS	58.10
Price-to-Retained Profit PS	-32.90
Price-to-Cash Flow PS	11.39
Price-to-Sales PS	0.88
Price-to-Net Tangible Asset Value PS	2.82
Price-to-Cash PS	6.15
Net Working Capital PS	75.51
Price Pct to Working Capital PS	1.72	%
Earnings Yield	-	%
Average PE	18.45
Years in average	4
PE to PE average	-	%

Trifast Financial Ratios

(Leverage Ratios)
Debt Ratio	34.29	%
Debt-to-Equity Ratio	0.52
Debt-to-Equity Ratio (excl. Intgbl)	0.96
Debt-to-Equity Market Value	0.34
Net Gearing	33.20	%
Net Gearing (excl. Intangibles)	43.97	%
Gross Gearing	46.49	%
Gross Gearing (excl. Intangibles)	61.57	%
Gearing Under 1 Year	18.56	%
Gearing Under 1 Year (excl. Intgbl)	24.58	%
Assets/Equity	1.87
Cash/Equity	24.84
(Liquidity Ratios)
Net Working Capital to Total Assets	47.50	%
Current Ratio	3.56
Quick Ratio (Acid Test)	2.08
Liquidity Ratio	0.72
Cash & Equiv/Current Assets	20.12	%
(Solvency Ratios)
Enterprise Value	208.38	m
CFO/Sales	0.08
CFO/Attributable Profit	-
CFO/Assets	0.07
CFO/Debt	0.15
Total Debt/Equity Market Value	0.57
Total Debt/Sales	0.50
Total Debt/Pre-Tax Profit	33.03
Total Debt	100.48	m
Total Debt/Net Current Assets	0.98	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	6

Beta (60-Mnth)	Beta (36-Mnth)
0.1312	0.1247

Trifast Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	1.73	%
Return On Assets (ROA)	-0.11	%
Net Profit Margin	-0.12	%
Assets Turnover	0.95
Return On Equity (ROE)	-0.21	%
Return On Investment (ROI)	-0.15	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-2.68	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.69
Fixed Assets Turnover	2.88
Current Assets Turnover	1.42
Net Working Capital Turnover
Inventory Turnover	3.43
(Other Operating Ratios)
Total Assets-to-Sales	1.05
Debtors-to-Sales	27.66	%
Debt Collection Period	100.96	Days

Trifast Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
19 Nov 2019	Interim	GBX	1.20	01/10/2019	31/03/2020	12/03/2020	13/03/2020	09/04/2020	1.20
11 Jun 2019	Final	GBX	3.05	31/03/2018	31/03/2019	12/09/2019	13/09/2019	11/10/2019	4.25
13 Nov 2018	Interim	GBX	1.20	30/03/2018	30/09/2018	14/03/2019	15/03/2019	11/04/2019	-
12 Jun 2018	Final	GBX	2.75	31/03/2017	31/03/2018	13/09/2018	14/09/2018	12/10/2018	3.85
14 Nov 2017	Interim	GBX	1.10	30/03/2017	30/09/2017	15/03/2018	16/03/2018	12/04/2018	-
13 Jun 2017	Final	GBX	2.50	31/03/2016	31/03/2017	14/09/2017	15/09/2017	13/10/2017	3.50
08 Nov 2016	Interim	GBX	1.00	30/03/2016	30/09/2016	16/03/2017	17/03/2017	13/04/2017	-
14 Jun 2016	Final	GBX	2.00	31/03/2015	31/03/2016	15/09/2016	16/09/2016	14/10/2016	2.80
10 Nov 2015	Interim	GBX	0.80	30/03/2015	30/09/2015	17/03/2016	18/03/2016	15/04/2016	-
16 Jun 2015	Final	GBX	1.50	31/03/2014	31/03/2015	17/09/2015	18/09/2015	16/10/2015	2.10
11 Nov 2014	Interim	GBX	0.60	30/03/2014	30/09/2014	19/03/2015	20/03/2015	17/04/2015	-
17 Jun 2014	Final	GBX	1.00	31/03/2013	31/03/2014	25/06/2014	27/06/2014	17/10/2014	1.40
12 Nov 2013	Interim	GBX	0.40	30/03/2013	30/09/2013	20/11/2013	22/11/2013	18/04/2014	-
19 Jun 2012	Final	GBX	0.50	31/03/2011	31/03/2012	27/06/2012	29/06/2012	18/10/2012	0.50
17 Jun 2009	Final	GBX	-	31/03/2008	31/03/2009	-	-	-	-
18 Jun 2008	Final	GBX	1.87	31/03/2007	31/03/2008	25/06/2008	27/06/2008	15/10/2008	2.80
15 Jun 2007	Final	GBX	1.66	31/03/2006	31/03/2007	27/06/2007	29/06/2007	17/10/2007	2.43
24 Nov 2006	Interim	GBX	0.77	30/03/2006	30/09/2006	06/12/2006	08/12/2006	17/01/2007	-
21 Jun 2006	Final	GBX	1.48	31/03/2005	31/03/2006	28/06/2006	30/06/2006	18/10/2006	2.21
23 Nov 2005	Interim	GBX	0.73	30/03/2005	30/09/2005	30/11/2005	02/12/2005	18/01/2006	-
22 Jun 2005	Final	GBX	1.41	31/03/2004	31/03/2005	29/06/2005	01/07/2005	20/09/2005	2.10
23 Nov 2004	Interim	GBX	0.69	30/03/2004	30/09/2004	01/12/2004	03/12/2004	19/01/2005	-
22 Jun 2004	Final	GBX	1.34	31/03/2003	31/03/2004	30/06/2004	02/07/2004	20/10/2004	2.00
25 Nov 2003	Interim	GBX	0.66	30/03/2003	30/09/2003	03/12/2003	05/12/2003	21/01/2004	-
23 Jun 2003	Final	GBX	1.27	31/03/2002	31/03/2003	02/07/2003	04/07/2003	30/09/2003	1.90
25 Nov 2002	Interim	GBX	0.63	30/03/2002	30/09/2002	04/12/2002	06/12/2002	24/01/2003	-
24 Jun 2002	Final	GBX	1.20	31/03/2001	31/03/2002	03/07/2002	05/07/2002	04/09/2002	1.80
26 Nov 2001	Interim	GBX	0.60	30/03/2001	30/09/2001	05/12/2001	07/12/2001	23/01/2002	-
18 Jun 2001	Final	GBX	2.49	31/03/2000	31/03/2001	27/06/2001	29/06/2001	04/09/2001	3.75
21 Nov 2000	Interim	GBX	1.26	30/03/2000	30/09/2000	27/11/2000	01/12/2000	11/01/2001	-
20 Jun 2000	Final	GBX	2.29	31/03/1999	31/03/2000	26/06/2000	30/06/2000	05/09/2000	3.43
23 Nov 1999	Interim	GBX	1.14	30/03/1999	30/09/1999	06/12/1999	10/12/1999	12/01/2000	-
22 Jun 1999	Final	GBX	2.08	31/03/1998	31/03/1999	28/06/1999	02/07/1999	01/09/1999	3.12
23 Nov 1998	Interim	GBX	1.04	30/03/1998	30/09/1998	07/12/1998	11/12/1998	14/01/1999	-
14 Jul 1998	Final	GBX	1.88	31/03/1997	31/03/1998	20/07/1998	24/07/1998	08/09/1998	2.81

Trifast Fundamentals

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
turnover	186.51	100.00%	197.63	100.00%	208.95	100.00%	200.22	100.00%	m
pre tax profit	17.34	9.30%	18.50	9.36%	16.42	7.86%	3.04	1.52%	m
attributable profit	12.70	6.81%	15.09	7.63%	12.24	5.86%	-0.24	-0.12%	m
retained profit	9.39	5.03%	10.87	5.50%	7.62	3.65%	-5.37	-2.68%	m
eps - basic (p)	10.72		12.54		10.14		-0.19
eps - diluted (p)	10.40		12.20		9.90		-0.19
dividends per share	3.50		3.85		4.25		1.20

Trifast Balance Sheet

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)


	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
ASSETS
fixed assets	19.26	10.87%	20.01	10.61%	21.08	10.31%	20.43	9.45%	m
intangibles	39.68	22.39%	38.40	20.36%	44.82	21.91%	52.94	24.49%	m
fixed investments	-	-%	-	-%	-	-%	-	-%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	41.93	23.66%	49.20	26.08%	57.56	28.14%	59.19	27.38%	m
debtors	51.72	29.18%	54.82	29.06%	55.91	27.33%	54.85	25.38%	m
cash & securities	24.65	13.91%	26.22	13.90%	25.20	12.32%	28.73	13.29%	m

TOTAL	177.23	100%	188.66	100%	204.57	100%	216.14	100%	m

LIABILITIES
creditors - short	54.56	30.79%	62.50	33.13%	71.81	35.10%	40.11	18.56%	m
creditors - long	20.97	11.83%	15.87	8.41%	11.67	5.70%	60.37	27.93%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	75.53	42.62%	78.37	41.54%	83.47	40.81%	100.48	46.49%	m

EQUITY
ord cap, reserves	101.70	57.38%	110.29	58.46%	121.09	59.19%	115.66	53.51%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	101.70	57.38%	110.29	58.46%	121.09	59.19%	115.66	53.51%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Trifast Cash Flow Statement

	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)
Operating CF	17.75	10.12	9.91	15.52	m
Pre-Financing CF	13.59	8.26	-2.31	10.51	m
Retained CF	5.24	2.12	-1.15	3.22	m

Trifast Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Arden Partners Plc	Market Maker(MME)	Broker/Dealer	ARDA	ARRRGB2100A
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Fairfax I.S. PLC	Market Maker(MME)	Broker/Dealer	FFAX	FRFXGB21001
Shore Capital Stockbrokers Ltd	Market Maker(MME)	Broker/Dealer	SCAP	SHOCGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC