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French leading maker of motorhomes, caravans and leisure homes sold to recreational-vehicle dealers across Europe.
French leading maker of motorhomes, caravans and leisure homes sold to recreational-vehicle dealers across Europe.
Sells to independent dealers who sell to end customers, so income follows factory sales to dealers and dealer stock levels. Demand is discretionary and shifts with consumer confidence and credit.
In one line: A European Thor Industries/Winnebago.
Moat: narrow (scale, brand, distribution). Largest European RV maker with multiple brands and dealer network, but demand is discretionary and cyclical.
Headquarters: La Roche-sur-Yon, France · Founded: 1935 · Employees: 10,980
Size Trigano (TRI.PA) is a France Consumer Discretionary company (Motor Vehicles) with a market value of $2.93B, the 89th largest of 206 France companies the cockpit tracks. Shares closed at €135.60 on 6 Nov 2026.
Performance Over six months the shares fell 15.8%, against -13.1% for the median peer and -0.4% for the France market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 1.9% over the last twelve months (peer median +10.2%); the operating margin is 9.3% (peer median 2.7%).
Valuation It trades at 9.4× forward earnings against a peer median of 12.7× (4th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points above its cost of capital (11.2% WACC).
Next results Next results expected around 1 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €3.76B | €3.66B | €3.93B | €3.48B | €3.18B |
| Revenue growth | — | -7% | +13% | +10% | — |
| Gross profit | €341M | €326M | €510M | €412M | €344M |
| EBITDA | €424M | €407M | €565M | €517M | €432M |
| Net income | €255M | €239M | €374M | €308M | €278M |
| Free cash flow | €542M | €526M | -€12.1M | €131M | €95.2M |
| Capital expenditure | €39.2M | €43.2M | €60.8M | €75.8M | €78.2M |
| Total debt | n/a | €371M | €216M | €164M | €321M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Trigano TRI.PA | $2.93B | -16% | +2% | 9% | 9.4× | -6.0% |
| Thor Industries THO | $4.18B | +5% | 0% | 3% | 22.3× | 16.0% |
| Winnebago Industries WGO | $892M | -1% | -3% | 2% | 15.8× | 6.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRI.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.0% | -1.3% | 6th highest of 21 |
| 6-month return | -15.8% | -13.1% | 10th lowest of 21 |
| Distance from 52-week high | -24.2% | -29.9% | 7th highest of 21 |
| Revenue growth (TTM) | +1.9% | +10.2% | 7th lowest of 21 |
| Operating margin | 9.3% | 2.7% | 7th highest of 21 |
| Forward P/E | 9.4× | 12.7× | 4th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -6.0% | 1.3% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +10.9% | +11.1% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | -16.9 pp | -8.8 pp | 5th least demanding of 13 |
| ROIC minus cost of capital | +3.3 pp | -1.0 pp | 7th highest of 19 |
| EV / EBITDA | 5.3× | 7.3× | 2nd cheapest of 7 |
| Net debt / EBITDA | -0.9× | 0.2× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Trigano TRI.PA | France | $2.93B | -16% | +2% | 9% | 9.4× | -6.0% | +10.9% |
| Beiqi Foton Motor 600166.SS | China | $2.88B | -31% | +13% | 1% | 10.1× | -1.2% | +1.3% |
| Mitsubishi Motor 7211.T | Japan | $3.21B | +13% | +5% | 3% | 17.9× | n/a | n/a |
| Aima Technology 603529.SS | China | $2.67B | -11% | -11% | 5% | 12.7× | n/a | n/a |
| Force Motors FORCEMOT.NS | India | $2.64B | -8% | +16% | 12% | n/a | 25.2% | +35.4% |
| Yadea 1585.HK | Hong Kong | $3.36B | -28% | +13% | 7% | 8.9× | -11.2% | +13.0% |
| Harley-Davidson HOG | United States | $3.40B | +28% | -15% | -4% | 18.6× | 0.4% | +2.0% |
| Minth 0425.HK | Hong Kong | $3.45B | -37% | +14% | 11% | 7.5× | 2.7% | +14.8% |
| Sinotruk Jinan Truck 000951.SZ | China | $3.46B | -10% | +36% | 4% | 11.2× | -5.8% | -0.8% |
| Thule THULE.ST | Sweden | $2.39B | -6% | +2% | 17% | 18.3× | 9.3% | +5.9% |
| Volvo Car VOLCAR-B.ST | Sweden | $3.63B | -45% | -17% | 0% | n/a | n/a | n/a |
| China Railway Materials 000927.SZ | China | $2.20B | -14% | +1% | 2% | n/a | 6.3% | -5.0% |
| BAIC BluePark New Energy Technology 600733.SS | China | $4.02B | -41% | +54% | -19% | n/a | n/a | n/a |
| FAW Jiefang 000800.SZ | China | $4.11B | -17% | +22% | -1% | 29.5× | n/a | n/a |
| Zhejiang Taotao Vehicles 301345.SZ | China | $1.91B | -54% | +53% | 25% | 11.9× | 2.2% | +23.3% |
| Mazda Motor 7261.T | Japan | $4.52B | +12% | +4% | 3% | 6.9× | -14.8% | +11.3% |
| Blue Bird BLBD | United States | $1.82B | -18% | +13% | 12% | 12.8× | 3.7% | +11.0% |
| Ola Electric Mobility OLAELEC.NS | India | $1.81B | -3% | -49% | -83% | n/a | n/a | n/a |
| Chongqing Afari Technology 601777.SS | China | $4.94B | -35% | +17% | -11% | 208.0× | n/a | n/a |
| Loncin Motor 603766.SS | China | $4.97B | +5% | +2% | 9% | 15.9× | -5.5% | +12.7% |
| Jiangling Motors 000550.SZ | China | $1.70B | -12% | +7% | 1% | 11.9× | n/a | n/a |