Added to YB: 2026-08-20
Pitch date: 2026-06-07
TRI.L [bullish]
Trifast plc
+27.14%
current return
Author Info
No bio for this author
Company Info
Trifast plc, together with its subsidiaries, designs, engineers, manufactures, and supplies industrial fasteners and category C components in the United Kingdom, Ireland, Sweden, Hungary, Holland, Italy, Germany, Spain, North America, Malaysia, China, Singapore, Taiwan, Thailand, and India.
Market Cap
GBP 124.2M
Pitch Price
GBP 0.70
Price Target
1.70 (+91%)
Dividend
2.07%
EV/EBITDA
6.94
P/E
-126.03
EV/Sales
0.77
Sector
Machinery
Category
turnaround
Trifast plc - $TRI.L
TRI.L: UK micro-cap fastener distributor/VMI provider at ~7.5x UFCF post multi-year turnaround. New mgmt (2023) expanded gross/EBIT margins from 25%/5% to 30%/9.5% by pruning 1,000+ bad accounts, value-based pricing, ERP completion. Peers Bufab/Bossard 15-25x P/E. Harwood 17.5% holder. $220M rev at 12% EBIT by 2028 = $20M UFCF; 12.5x = $1.70/sh, 150% upside vs $0.68. Risks: auto cyclicality, topline bleed, low float.
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