TriMas Corp (TRS) stock analysis

P/E below its 5-year median

TriMas's P/E of 1.6 is below its own 5-year median of 21.6.

P/E below the industry

TriMas's P/E of 1.6 is below the Fabricated Metal Products, except Machinery and Transportation Equipment median of 22.3.

EV/EBITDA above its 5-year median

TriMas's EV/EBITDA of 51.3 is above its 5-year median of 20.3.

P/B below the industry

TriMas's price-to-book of 0.95 is below the Fabricated Metal Products, except Machinery and Transportation Equipment median of 2.80.

Trading above fair value

The share price of $38.08 is above our fair value estimate of $23.46.

Margin of safety under 20%

The price is 62.3% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew -9.9% a year over the last three fiscal years, short of the 10% we look for.

EPS growing 10%+ a year

Diluted EPS grew 23.7% a year over the last three fiscal years.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing slower than the industry

Revenue grew 5.0% over the last twelve months; the Fabricated Metal Products, except Machinery and Transportation Equipment median is 10.2%.

Guidance raised

TriMas raised its Twelve months ended December 31, 2026 Diluted earnings per share (GAAP) outlook on Jul 30, 2026.

Gross margin improving

Gross margin was 21.0% over the last twelve months, against 20.3% a year earlier.

Return on equity under 15%

Return on equity was 83.9% over the last twelve months and averaged 9.4% over five years; we look for 15% on both.

Return on capital under 10%

Return on invested capital was 1.2%, below the 10% that usually covers the cost of capital.

Return on equity above the industry

TriMas's return on equity of 83.9% is above the Fabricated Metal Products, except Machinery and Transportation Equipment median of 9.0%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin above its 5-year average

Net margin was 136% over the last twelve months, against a 5-year average of 8.6%.

Net margin above the industry

TriMas's net margin of 136% is above the Fabricated Metal Products, except Machinery and Transportation Equipment median of 4.5%.

Low debt

Debt is 27.5% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 59.3% five years ago to 27.5%.

Debt not well covered by cash flow

Operating cash flow over the last twelve months equals 5.1% of total debt; we look for at least 20%.

Interest not well covered

Operating income covers interest expense 0.6 times; we look for at least 5.

Short-term assets cover short-term debts

Current assets are 5.44 times current liabilities.

Bankruptcy risk in the grey zone

The Altman Z-score is 2.58; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

TriMas paid dividends worth 0.4% of the share price over the last twelve months.

Yield below Treasuries

The 0.4% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; TriMas yields 0.4%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 5 fiscal years.

Covered by earnings

Dividends take 0.7% of net income.

Cash-flow cover

Needs dividends paid and free cash flow.