Trigano Share: After Losing 14.5% in One Month, the Stock Bounces Back
The motorhome manufacturer is rising in early afternoon, in a declining Paris market. This rebound occurs a few days after the publication of its annual results and a dividend payment.
A rebound that fills only a small portion of the monthly decline of 14.6%
Trigano shares are up 1.92% at €127.60, while the CAC 40 falls 0.54% and the SBF 120 drops 0.46%. The stock is among the notable gainers in the broader index, but this movement remains modest compared to the accumulated decline: -14.59% over one month and -9.36% over three months, figures calculated taking into account the coupon paid. The stock has been trading ex-dividend since September 29, following the detachment of a dividend of €2.40.
The price remains significantly below its moving averages: 6.74% below the 20-day MA at €136.82, and nearly 16% below the 200-day MA at €151.81. The support level at €123.90 is located approximately 3% below the current price, while resistance at €155.20 is far away. A rebound is therefore taking shape after a downward sequence that has been in place for weeks.
Annual Results Up 3.8%, but French Market Down 6%
The group published on September 23 a turnover of €3.8 billion for the fiscal year ended August 31, up 3.8%. Growth is driven by deliveries of motorhomes and caravans, in a European market that is stable in volume but where France declined by 6%. In its comments, the company mentions persistent consumer caution: trade shows attract crowds, but this has not yet translated into sales. It highlights the progress of its order backlog, which provides visibility for the first half.
In terms of valuation, according to the consensus of analysts surveyed, the stock trades at approximately 8.8 times the current fiscal year's earnings and 8.0 times the following fiscal year's earnings, with expected earnings per share growth of 9.5%. In parallel, the group repurchased €60 million of shares over twelve months, representing 2.4% of its market capitalization. The latest declines in the stock followed an already well-established downward phase.
