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TRIMAS CORP (TRS) Stock Fundamental Analysis

NASDAQ:TRS - Nasdaq - US8962152091 - Common Stock - Currency: USD

24.53  +0.04 (+0.16%)

Fundamental Rating

4

Taking everything into account, TRS scores 4 out of 10 in our fundamental rating. TRS was compared to 24 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 valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

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.
Each year in the past 5 years TRS had a positive operating cash flow.
TRS Yearly Net Income VS EBIT VS OCF VS FCFTRS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

1.2 Ratios

TRS has a Return On Assets of 1.94%. This is comparable to the rest of the industry: TRS outperforms 43.48% of its industry peers.
The Return On Equity of TRS (3.89%) is worse than 65.22% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.48%, TRS is doing worse than 78.26% of the companies in the same industry.
TRS had an Average Return On Invested Capital over the past 3 years of 5.49%. This is below the industry average of 7.70%.
Industry RankSector Rank
ROA 1.94%
ROE 3.89%
ROIC 3.48%
ROA(3y)4.16%
ROA(5y)2.81%
ROE(3y)8.38%
ROE(5y)5.13%
ROIC(3y)5.49%
ROIC(5y)5.32%
TRS Yearly ROA, ROE, ROICTRS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 -10

1.3 Margins

TRS has a Profit Margin (2.93%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of TRS has declined.
TRS's Operating Margin of 6.00% is on the low side compared to the rest of the industry. TRS is outperformed by 73.91% of its industry peers.
In the last couple of years the Operating Margin of TRS has declined.
Looking at the Gross Margin, with a value of 22.52%, TRS is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
TRS's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6%
PM (TTM) 2.93%
GM 22.52%
OM growth 3Y8.08%
OM growth 5Y-12.76%
PM growth 3YN/A
PM growth 5Y-17.5%
GM growth 3Y-1.26%
GM growth 5Y-4.32%
TRS Yearly Profit, Operating, Gross MarginsTRS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TRS is destroying value.
The number of shares outstanding for TRS has been reduced compared to 1 year ago.
The number of shares outstanding for TRS has been reduced compared to 5 years ago.
Compared to 1 year ago, TRS has an improved debt to assets ratio.
TRS Yearly Shares OutstandingTRS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
TRS Yearly Total Debt VS Total AssetsTRS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 1.93 indicates that TRS is not a great score, but indicates only limited risk for bankruptcy at the moment.
TRS has a Altman-Z score of 1.93. This is comparable to the rest of the industry: TRS outperforms 43.48% of its industry peers.
TRS has a debt to FCF ratio of 34.35. This is a negative value and a sign of low solvency as TRS would need 34.35 years to pay back of all of its debts.
TRS has a Debt to FCF ratio of 34.35. This is in the lower half of the industry: TRS underperforms 73.91% of its industry peers.
TRS has a Debt/Equity ratio of 0.60. This is a neutral value indicating TRS is somewhat dependend on debt financing.
TRS's Debt to Equity ratio of 0.60 is amongst the best of the industry. TRS outperforms 86.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 34.35
Altman-Z 1.93
ROIC/WACC0.47
WACC7.37%
TRS Yearly LT Debt VS Equity VS FCFTRS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.3 Liquidity

A Current Ratio of 2.83 indicates that TRS has no problem at all paying its short term obligations.
TRS's Current ratio of 2.83 is amongst the best of the industry. TRS outperforms 95.65% of its industry peers.
A Quick Ratio of 1.44 indicates that TRS should not have too much problems paying its short term obligations.
The Quick ratio of TRS (1.44) is better than 78.26% of its industry peers.
Industry RankSector Rank
Current Ratio 2.83
Quick Ratio 1.44
TRS Yearly Current Assets VS Current LiabilitesTRS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

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3

3. Growth

3.1 Past

The earnings per share for TRS have decreased strongly by -19.60% in the last year.
Measured over the past years, TRS shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.11% on average per year.
The Revenue has been growing slightly by 2.17% in the past year.
Measured over the past years, TRS shows a small growth in Revenue. The Revenue has been growing by 4.85% on average per year.
EPS 1Y (TTM)-19.6%
EPS 3Y3.27%
EPS 5Y-0.11%
EPS Q2Q%-24.56%
Revenue 1Y (TTM)2.17%
Revenue growth 3Y5.09%
Revenue growth 5Y4.85%
Sales Q2Q%-2.54%

3.2 Future

TRS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.12% yearly.
TRS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.03% yearly.
EPS Next Y-2.22%
EPS Next 2Y7.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.77%
Revenue Next 2Y2.03%
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 decreasing: in the next years the growth will be less than in the last years.
TRS Yearly Revenue VS EstimatesTRS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
TRS Yearly EPS VS EstimatesTRS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 15.33, TRS is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of TRS indicates a somewhat cheap valuation: TRS is cheaper than 60.87% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.28, TRS is valued a bit cheaper.
The Price/Forward Earnings ratio is 12.28, which indicates a correct valuation of TRS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TRS indicates a somewhat cheap valuation: TRS is cheaper than 65.22% of the companies listed in the same industry.
TRS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 91.29.
Industry RankSector Rank
PE 15.33
Fwd PE 12.28
TRS Price Earnings VS Forward Price EarningsTRS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

60.87% of the companies in the same industry are cheaper than TRS, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, TRS is valued a bit more expensive than the industry average as 73.91% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 83
EV/EBITDA 12.42
TRS Per share dataTRS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.12%
EPS Next 3YN/A

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2

5. Dividend

5.1 Amount

TRS has a yearly dividend return of 0.63%, which is pretty low.
Compared to an average industry Dividend Yield of 3.06, TRS is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.27, TRS's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.63%

5.2 History

TRS has paid a dividend for less than 5 years, so there is no long track record yet.
TRS has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
TRS Yearly Dividends per shareTRS Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 0.05 0.1 0.15

5.3 Sustainability

25.16% of the earnings are spent on dividend by TRS. This is a low number and sustainable payout ratio.
DP25.16%
EPS Next 2Y7.12%
EPS Next 3YN/A
TRS Yearly Income VS Free CF VS DividendTRS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M
TRS Dividend Payout.TRS Dividend Payout, showing the Payout Ratio.TRS Dividend Payout.PayoutRetained Earnings

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TRIMAS CORP

NASDAQ:TRS (1/30/2025, 12:15:15 PM)

24.53

+0.04 (+0.16%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryContainers & Packaging
Earnings (Last)11-04 2024-11-04/bmo
Earnings (Next)N/A N/A
Inst Owners102.34%
Inst Owner Change-0.01%
Ins Owners1.33%
Ins Owner Change0.18%
Market Cap995.18M
Analysts77.14
Price Target34.83 (41.99%)
Short Float %6.65%
Short Ratio9.2
Dividend
Industry RankSector Rank
Dividend Yield 0.63%
Yearly Dividend0.16
Dividend Growth(5Y)N/A
DP25.16%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-19.75%
Min EPS beat(2)-20.05%
Max EPS beat(2)-19.44%
EPS beat(4)1
Avg EPS beat(4)-15.32%
Min EPS beat(4)-31.14%
Max EPS beat(4)9.35%
EPS beat(8)3
Avg EPS beat(8)-6.46%
EPS beat(12)5
Avg EPS beat(12)-6.93%
EPS beat(16)8
Avg EPS beat(16)-1.6%
Revenue beat(2)0
Avg Revenue beat(2)-2.66%
Min Revenue beat(2)-5.11%
Max Revenue beat(2)-0.22%
Revenue beat(4)1
Avg Revenue beat(4)-4.8%
Min Revenue beat(4)-15.81%
Max Revenue beat(4)1.93%
Revenue beat(8)2
Avg Revenue beat(8)-4.67%
Revenue beat(12)2
Avg Revenue beat(12)-4.78%
Revenue beat(16)4
Avg Revenue beat(16)-3.16%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.1%
Valuation
Industry RankSector Rank
PE 15.33
Fwd PE 12.28
P/S 1.1
P/FCF 83
P/OCF 14.8
P/B 1.46
P/tB 6.68
EV/EBITDA 12.42
EPS(TTM)1.6
EY6.52%
EPS(NY)2
Fwd EY8.14%
FCF(TTM)0.3
FCFY1.2%
OCF(TTM)1.66
OCFY6.76%
SpS22.34
BVpS16.83
TBVpS3.67
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.94%
ROE 3.89%
ROCE 4.48%
ROIC 3.48%
ROICexc 3.56%
ROICexgc 6.47%
OM 6%
PM (TTM) 2.93%
GM 22.52%
FCFM 1.32%
ROA(3y)4.16%
ROA(5y)2.81%
ROE(3y)8.38%
ROE(5y)5.13%
ROIC(3y)5.49%
ROIC(5y)5.32%
ROICexc(3y)6.01%
ROICexc(5y)5.93%
ROICexgc(3y)11.9%
ROICexgc(5y)12.21%
ROCE(3y)7.08%
ROCE(5y)6.85%
ROICexcg growth 3Y4.74%
ROICexcg growth 5Y-17.51%
ROICexc growth 3Y7.86%
ROICexc growth 5Y-13.84%
OM growth 3Y8.08%
OM growth 5Y-12.76%
PM growth 3YN/A
PM growth 5Y-17.5%
GM growth 3Y-1.26%
GM growth 5Y-4.32%
F-Score6
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 34.35
Debt/EBITDA 3.71
Cap/Depr 97.7%
Cap/Sales 6.1%
Interest Coverage 3.28
Cash Conversion 60.59%
Profit Quality 45.16%
Current Ratio 2.83
Quick Ratio 1.44
Altman-Z 1.93
F-Score6
WACC7.37%
ROIC/WACC0.47
Cap/Depr(3y)88.29%
Cap/Depr(5y)82.89%
Cap/Sales(3y)5.51%
Cap/Sales(5y)5.18%
Profit Quality(3y)93.28%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.6%
EPS 3Y3.27%
EPS 5Y-0.11%
EPS Q2Q%-24.56%
EPS Next Y-2.22%
EPS Next 2Y7.12%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.17%
Revenue growth 3Y5.09%
Revenue growth 5Y4.85%
Sales Q2Q%-2.54%
Revenue Next Year-0.77%
Revenue Next 2Y2.03%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.88%
EBIT growth 3Y13.58%
EBIT growth 5Y-8.53%
EBIT Next Year37.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-78.63%
FCF growth 3Y-26.88%
FCF growth 5Y-20.08%
OCF growth 1Y-34.76%
OCF growth 3Y-11.55%
OCF growth 5Y-7.37%