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Triad Group (TRD) Fair Value & Analysis

Technology · GB · Market cap 62.8M GBX

TG Triad Group TRD · LSE
Price£3.60
Fair Value£1.54
Upside-57.2%
Quality83/100
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Healthy Growth
Thin margins · 6.9% net margin
Low debt · generates free cash flow
2.50% dividend yield
Mixed vs. peers (8/14)
Moderate moat 64/100
Evidence: High Range £1.18 – £1.86 Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 29 days ago

Share price +11.1% over the past month.

A strong business, but screening 57% overvalued on our models.

What matters now

  • A high-quality business (quality 83/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (£1.86). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

£3.60 £0.6693 Fair Value £1.54 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range £0.6693 – £3.60 · fair‑value band £1.18 – £1.86 · the £3.60 price screens above the £1.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Triad Group (TRD) currently trades at £3.60, while our model-based Fair Value estimate is £1.54, implying the stock looks roughly 57.2% overvalued today. The Quality Score stands at 83/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Triad Group generated revenue of £23.2M at a net margin of 7.9%. Revenue grew 17.7% year over year. It earns a return on equity of 44.3%. The balance sheet holds a net cash position of £3.8M. Fundamentals as of Jul 12, 2026

Our scenario range runs from £1.18 (bear case) to £1.86 (bull case); at £3.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -57%, TRD screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £1.17 £1.39 £1.72 80
Residual Income £0.4600 £0.5700 £1.71 76
Rev-Margin DCF £1.15 £1.55 £2.05 74
All 24 models by family
DCF Models
FCF DCF £1.15 £1.38 £1.76 38
Owner Earnings £0.9800 £1.17 £1.48 31
5Y Revenue Exit £1.15 £1.52 £2.07 39
5Y EBITDA Exit £1.18 £1.59 £2.12 41
5Y P/E Exit £1.33 £1.84 £2.44 38
10Y Revenue Exit £1.12 £1.37 £1.63 36
10Y EBITDA Exit £1.16 £1.40 £1.66 37
10Y P/E Exit £1.24 £1.54 £1.82 35
Earnings-Based
Graham-Dodd £0.6600 £0.8100 £0.9100 54
EPV £0.9300 £1.01 £1.08 59
Dividend Discount
Gordon GGM £0.4800 £0.5100 £0.5600 70
DDM Multi-Stage £0.4800 £0.5500 £0.6400 61
Multiples
P/E Multiple £1.46 £1.95 £2.44 63
P/S Multiple £1.24 £1.66 £2.07 58
P/B Multiple £0.6400 £0.8500 £1.06 55
EV/EBIT £1.71 £2.20 £2.69 53
EV/EBITDA £1.38 £1.76 £2.14 54
EV/Revenue £1.23 £1.65 £2.08 43
Asset-Based
NCAV (Graham) £0.1400 £0.1900 £0.2800 50
Growth DCF
Growth DCF £1.17 £1.39 £1.72 80
Rev-Margin DCF £1.15 £1.55 £2.05 74
Economic Profit
Residual Income £0.4600 £0.5700 £1.71 76
ROIC Compounder £0.9300 £1.02 £1.09 72
Growth Earnings
Growth-Adj P/E £1.04 £1.48 £1.92 68

Widest divergence: Multiples (£1.66) versus Asset-Based (£0.1900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 24.8M GBX
Revenue growth (YoY) +13.9%
Net margin 6.9%
Return on equity 34.8%
Free cash flow 2.2M GBX FY2026
P/E ratio 36.0
More key figures
Operating margin 8.5%
EPS (TTM) £0.1000
Dividend yield 2.5%
EPS growth (YoY) -10.1%
Net cash 3.8M GBX FY2026

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 83/100

Of which business quality 81 · Market factors (momentum, volatility) 83

Profitability 87
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Triad Group plc provides information technology consultancy services to the public, private, and not-for-profit sectors in the United Kingdom. The company offers consulting, early strategy, programme management, project delivery, software delivery, and support activities. It also provides change leadership, software development, and business insights.

Full company description

Triad Group plc provides information technology consultancy services to the public, private, and not-for-profit sectors in the United Kingdom. The company offers consulting, early strategy, programme management, project delivery, software delivery, and support activities. It also provides change leadership, software development, and business insights. Triad Group Plc was incorporated in 1988 and is headquartered in Godalming, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Triad Group reported revenue of £24.8M in FY2026 versus £17.0M in FY2022, a compound +9.9%/yr. Reported net income was £1.7M in FY2026, compounding +9.8%/yr from FY2022.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
£24.8M
Latest YoY
+15.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.8%
Avg. growth/yr (33Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.8%
Revenue +9.9%/yr
FY22 £17.0M
FY23 £14.9M
FY24 £14.0M
FY25 £21.4M
FY26 £24.8M
Net income +9.8%/yr
FY22 £1.2M
FY23 −£44.0K
FY24 −£1.0M
FY25 £1.7M
FY26 £1.7M

TRD screens 57% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "Triad Group Fair Value". https://www.fairvalue-calculator.com/stock/TRD

Peer Group

Information Technology Services · 475 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 83 · Top 25%
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 35% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 36.0× · Pricier than 75% of peers
P/B 17.19× · Pricier than 75% of peers
P/S (TTM) 3.42× · Pricier than 75% of peers
P/FCF 38.6× · Pricier than 75% of peers
EV/EBITDA 41.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 21
FUTURE 70 · sector 31
PAST 100 · sector 37
HEALTH 100 · sector 97
DIVIDEND 50 · sector 37

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Triad Group (TRD) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of £1.54 versus a price of £3.60, about −57% (overvalued).
What is the fair value of TRD?
Our model-based fair value for Triad Group is £1.54 (as of Jul 12, 2026), built from audited fundamentals. The current price is £3.60.
What is the quality score of TRD?
Triad Group has a Quality Score of 83/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Triad Group (TRD)?
Triad Group reported trailing-twelve-month revenue of about £23.2M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of TRD?
The net profit margin of Triad Group is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.
Does Triad Group pay a dividend?
Triad Group currently shows a dividend yield of about 2.46% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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