Operating Margin

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Price: 171.1 EUR -0.41% Market Closed

Market Cap: 3.3B EUR

9.2%

Declining

by 2.2%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

9.2%

Operating Income

€335.8m

Revenue

€3.7B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

9.2%

Operating Income

€335.8m

Revenue

€3.7B

Peer Comparison

Country	Company	Market Cap	Operating Margin
FR	Trigano SA PAR:TRI	3.3B EUR	Loading...
US	Tesla Inc NASDAQ:TSLA	1.4T USD	Loading...
JP	Toyota Motor Corp TSE:7203	46.2T JPY	Loading...
CN	BYD Co Ltd SZSE:002594	863.8B CNY	Loading...
DE	Mercedes Benz Group AG MIL:MBG	75.3B EUR	Loading...
KR	Hyundai Motor Co KRX:005380	124.7T KRW	Loading...
US	General Motors Co NYSE:GM	73.9B USD	Loading...
DE	Daimler AG XETRA:DAI	67.5B EUR	Loading...
IT	Ferrari NV MIL:RACE	56.3B EUR	Loading...
DE	Bayerische Motoren Werke AG XETRA:BMW	52.7B EUR	Loading...
DE	Mercedes-Benz Group AG XETRA:MBG	50.9B EUR	Loading...

Market Distribution

Min	-17 526.7%
30th Percentile	1.3%
Median	6.1%
70th Percentile	11.5%
Max	89 700%

Other Profitability Ratios

Trigano SA
Glance View

Economic Moat

None

Market Cap

3.3B EUR

Industry

Automobiles

Trigano SA, a name synonymous with leisure vehicles in Europe, has woven its narrative through decades of adaptation and growth. Founded in the aftermath of World War II, initially focused on producing camping equipment, Trigano capitalized on Europe’s post-war leisure boom. By listening keenly to the whispers of market trends, the company deftly pivoted towards manufacturing campervans and motorhomes, aligning itself with the burgeoning appetite for mobile tourism. This strategic shift allowed Trigano to ride the wave of changing lifestyles, as consumers increasingly sought the freedom and adventure associated with road travel. Such vision facilitated continued expansion, with the acquisition of various regional competitors solidifying its position as a leader in the industry. Today, Trigano thrives by presenting a portfolio that extends beyond mere vehicular manufacture. Their operations encompass a wide spectrum of products and services, catering to diverse customer needs and preferences. By integrating production of accessories and trailers into their operations, Trigano has ensured multiple revenue streams that bolster financial stability. Additionally, the company’s dealerships and expansive distribution network across Europe enable them to maintain a stronghold in key markets. In essence, Trigano’s business model, a blend of strategic acquisitions and organic growth, allows it to capture value from every corner of the recreational vehicle market, making its mark not just as a manufacturer, but as a comprehensive ecosystem for leisure travel enthusiasts.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Trigano SA
PAR:TRI

Peer Comparison

Market Distribution

Other Profitability Ratios

Trigano SA
Glance View

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Trigano SA PAR:TRI