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Trigano S.A.

TRI.PA
57
Auto - Recreational Vehicles · Consumer Cyclical
Exchange
Euronext Paris
Winston Score
57
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Feb 28, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong
Dividends
Good

Winston Score History

The full picture

Trigano is a French company that makes and sells recreational vehicles, mainly motorhomes and caravans. It sells these products across Europe under several brands, including Trigano, Chausson, and Rapido. The company is one of the largest RV manufacturers in Europe and serves everyday consumers who use these vehicles for leisure travel and camping.

Trigano makes most of its money by selling finished vehicles through a network of dealers across Europe, with France, Germany, and Italy being its biggest markets. The company also sells camping equipment and accessories, which adds a smaller but steady revenue stream. Its scale and wide dealer network give it a cost and distribution advantage over smaller rivals, but its business is sensitive to consumer confidence and interest rates — when people feel less financially secure, big-ticket leisure purchases like motorhomes are often the first thing cut from budgets. Sustained demand for outdoor travel in Europe is the key growth driver, while an economic slowdown remains the main risk.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+14.8% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

58.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€591M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Trigano S.A. is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
8.8%
Thin — 8.8% gross margin
Profit after running costs
Operating Margin
8.9%
Modest — 8.9% operating margin
Return on the money invested
ROCE
15.4%
Strong — 15.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+1.9%
Nearly flat sales (+1.9% YoY)
Profit growth
EPS YoY
-15.0%
Earnings shrinking (-15.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
227%
Turns 227% of profit into real cash
Spare cash per sale
FCF Margin
14.4%
Converts sales into free cash efficiently (14.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
31.07x
Comfortably covers interest (31.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
11.6x
no trend
Attractive valuation — P/E 11.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.9
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
2.51%
no trend
Moderate income — 2.51% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+6.4%
no trend
Dividend growing modestly (6.4% YoY)

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