Financials Tristel plc

Equities

Market Closed - London S.E. Other stock markets 11:35:01 2024-04-26 am EDT			5-day change	1st Jan Change
480 ^GBX	+3.23%		+7.87%	+4.35%

Apr. 18	Tristel CEO Paul Swinney sells GBP230,000 in shares	AN
Feb. 26	Tristel doubles dividend on revenue and profit boost in first half	AN

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	128.1	192.5	300.5	166.5	168	228.1	-	-
Enterprise Value (EV) ¹	123.9	186.3	292.4	157.6	158.5	218.9	216.8	213.9
P/E ratio	32.4 x	39.1 x	103 x	182 x	38 x	45.3 x	36.1 x	-
Yield	1.93%	1.45%	1.03%	2.71%	2.96%	2.56%	2.74%	3.13%
Capitalization / Revenue	4.9 x	6.08 x	9.69 x	5.35 x	4.66 x	5.56 x	4.86 x	4.33 x
EV / Revenue	4.74 x	5.88 x	9.43 x	5.06 x	4.4 x	5.33 x	4.62 x	4.06 x
EV / EBITDA	19.9 x	19 x	34.8 x	21 x	17.7 x	20.1 x	16.4 x	13.3 x
EV / FCF	29.9 x	40.4 x	62.1 x	30 x	26.1 x	34.3 x	29.9 x	24.2 x
FCF Yield	3.34%	2.47%	1.61%	3.33%	3.83%	2.92%	3.34%	4.13%
Price to Book	5.49 x	6.77 x	9.99 x	5.75 x	5.48 x	7.15 x	6.71 x	-
Nbr of stocks (in thousands)	44,563	45,297	47,094	47,225	47,310	47,525	-	-
Reference price ²	2.875	4.250	6.380	3.525	3.550	4.800	4.800	4.800
Announcement Date	10/16/19	10/19/20	10/18/21	10/25/22	10/16/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	26.17	31.68	31	31.12	36.01	41.05	46.92	52.74
EBITDA ¹	6.234	9.798	8.399	7.501	8.96	10.89	13.19	16.06
EBIT ¹	4.697	7.24	5.586	4.724	6.342	7.893	10.37	13.48
Operating Margin	17.95%	22.85%	18.02%	15.18%	17.61%	19.23%	22.11%	25.56%
Earnings before Tax (EBT) ¹	4.746	6.639	3.761	1.495	5.112	6.1	8.5	-
Net income ¹	4.031	5.1	2.972	0.927	4.461	5	6.3	-
Net margin	15.4%	16.1%	9.59%	2.98%	12.39%	12.18%	13.43%	-
EPS ²	0.0886	0.1088	0.0619	0.0194	0.0934	0.1060	0.1330	-
Free Cash Flow ¹	4.139	4.609	4.711	5.248	6.067	6.39	7.243	8.843
FCF margin	15.82%	14.55%	15.2%	16.86%	16.85%	15.57%	15.43%	16.77%
FCF Conversion (EBITDA)	66.39%	47.04%	56.09%	69.96%	67.71%	58.7%	54.9%	55.08%
FCF Conversion (Net income)	102.68%	90.37%	158.51%	566.13%	136%	127.8%	114.96%	-
Dividend per Share ²	0.0554	0.0618	0.0655	0.0955	0.1050	0.1230	0.1316	0.1505
Announcement Date	10/16/19	10/19/20	10/18/21	10/25/22	10/16/23	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	4.17	6.21	8.1	8.9	9.5	9.25	11.4	14.2
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	4.14	4.61	4.71	5.25	6.07	6.39	7.24	8.84
ROE (net income / shareholders' equity)	23.6%	19.5%	10.2%	11.2%	16.7%	20.5%	23.1%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	0.5200	0.6300	0.6400	0.6100	0.6500	0.6700	0.7200	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	1.35	2.38	1.77	0.31	2.42	1.85	1.6	1.4
Capex / Sales	5.15%	7.51%	5.7%	0.98%	6.73%	4.51%	3.41%	2.65%
Announcement Date	10/16/19	10/19/20	10/18/21	10/25/22	10/16/23	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.8 GBP

Average target price

4.817 GBP

Spread / Average Target

+0.35%

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