Loading...

Tronox Holdings

DB:T5X
Snowflake Description

High growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T5X
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Tronox Holdings has significant price volatility in the past 3 months.
T5X Share Price and Events
7 Day Returns
5.4%
DB:T5X
-0.9%
DE Chemicals
-0.6%
DE Market
1 Year Returns
-37.2%
DB:T5X
-20%
DE Chemicals
-10.8%
DE Market
T5X Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tronox Holdings (T5X) 5.4% -27.1% -7.1% -37.2% 120.5% -49%
DE Chemicals -0.9% -9.3% -2.6% -20% 7.5% -5.4%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • T5X underperformed the Chemicals industry which returned -20% over the past year.
  • T5X underperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
T5X
Industry
5yr Volatility vs Market

T5X Value

 Is Tronox Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tronox Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tronox Holdings.

DB:T5X Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:T5X
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.871 (1 + (1- 21%) (213.98%))
1.901
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.901 * 5.96%)
11.56%

Discounted Cash Flow Calculation for DB:T5X using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tronox Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:T5X DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.56%)
2019 -251.00 Analyst x1 -225.00
2020 353.00 Analyst x1 283.65
2021 329.00 Analyst x1 236.98
2022 313.01 Est @ -4.86% 202.11
2023 302.57 Est @ -3.33% 175.13
2024 295.71 Est @ -2.27% 153.43
2025 291.22 Est @ -1.52% 135.45
2026 288.33 Est @ -0.99% 120.21
2027 286.52 Est @ -0.63% 107.08
2028 285.46 Est @ -0.37% 95.63
Present value of next 10 years cash flows $1,284.68
DB:T5X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $285.46 × (1 + 0.23%) ÷ (11.56% – 0.23%)
$2,525.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,525.66 ÷ (1 + 11.56%)10
$846.14
DB:T5X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,284.68 + $846.14
$2,130.82
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,130.82 / 149.32
$14.27
DB:T5X Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T5X represents 0.90613x of NYSE:TROX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90613x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 14.27 x 0.90613
€12.93
Value per share (EUR) From above. €12.93
Current discount Discount to share price of €9.75
= -1 x (€9.75 - €12.93) / €12.93
24.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tronox Holdings is available for.
Intrinsic value
25%
Share price is €9.75 vs Future cash flow value of €12.93
Current Discount Checks
For Tronox Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tronox Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tronox Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tronox Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tronox Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T5X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.02
NYSE:TROX Share Price ** NYSE (2019-05-23) in USD $10.76
Germany Chemicals Industry PE Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 20.38x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tronox Holdings.

DB:T5X PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TROX Share Price ÷ EPS (both in USD)

= 10.76 ÷ 0.02

442.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tronox Holdings is overvalued based on earnings compared to the DE Chemicals industry average.
  • Tronox Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Tronox Holdings's expected growth come at a high price?
Raw Data
DB:T5X PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 442.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
Not available
Germany Chemicals Industry PEG Ratio Median Figure of 13 Publicly-Listed Chemicals Companies 1.81x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tronox Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tronox Holdings's assets?
Raw Data
DB:T5X PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.58
NYSE:TROX Share Price * NYSE (2019-05-23) in USD $10.76
Germany Chemicals Industry PB Ratio Median Figure of 19 Publicly-Listed Chemicals Companies 1.59x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:T5X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TROX Share Price ÷ Book Value per Share (both in USD)

= 10.76 ÷ 4.58

2.35x

* Primary Listing of Tronox Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tronox Holdings is overvalued based on assets compared to the DE Chemicals industry average.
X
Value checks
We assess Tronox Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Tronox Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

T5X Future Performance

 How is Tronox Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
61.6%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Tronox Holdings expected to grow at an attractive rate?
  • Tronox Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Tronox Holdings's earnings growth is expected to exceed the Germany market average.
  • Tronox Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:T5X Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:T5X Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 61.6%
DB:T5X Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 16%
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:T5X Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T5X Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,424 609 3
2020-12-31 3,367 633 4
2019-12-31 2,827 -16 4
DB:T5X Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,767 213 3
2018-12-31 1,819 170 -7
2018-09-30 1,854 215 -2
2018-06-30 1,833 168 -39
2018-03-31 1,762 209 -94
2017-12-31 1,698 272 -106
2017-09-30 1,586 288 -9
2017-06-30 1,490 279 -38
2017-03-31 1,211 270 -103
2016-12-31 1,309 210 -140
2016-09-30 1,492 296 -327
2016-06-30 1,728 272 -327

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tronox Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Tronox Holdings's revenue is expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:T5X Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Tronox Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T5X Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.16 2.35 1.96 2.00
2020-12-31 1.69 2.10 1.27 2.00
2019-12-31 0.85 1.05 0.65 2.00
DB:T5X Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.02
2018-12-31 -0.06
2018-09-30 -0.02
2018-06-30 -0.32
2018-03-31 -0.78
2017-12-31 -0.89
2017-09-30 -0.08
2017-06-30 -0.32
2017-03-31 -0.88
2016-12-31 -1.21
2016-09-30 -2.82
2016-06-30 -2.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tronox Holdings is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Tronox Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tronox Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

T5X Past Performance

  How has Tronox Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tronox Holdings's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tronox Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Tronox Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Tronox Holdings has become profitable in the last year making it difficult to compare the DE Chemicals industry average.
Earnings and Revenue History
Tronox Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tronox Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T5X Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,767.00 3.00 167.00 11.00
2018-12-31 1,819.00 -7.00 164.00 11.00
2018-09-30 1,854.00 -2.00 170.00 8.00
2018-06-30 1,833.00 -39.00 166.00 8.00
2018-03-31 1,762.00 -94.00 169.00 8.00
2017-12-31 1,698.00 -106.00 170.00 8.00
2017-09-30 1,586.00 -9.00 171.00 9.00
2017-06-30 1,490.00 -38.00 175.00 9.00
2017-03-31 1,211.00 -103.00 159.00 9.00
2016-12-31 1,309.00 -140.00 152.00 9.00
2016-09-30 1,492.00 -327.00 141.00 13.00
2016-06-30 1,728.00 -327.00 147.00 13.00
2016-03-31 2,203.00 -362.00 154.00 13.00
2015-12-31 1,510.00 -384.00 130.00 11.00
2015-09-30 1,977.00 -504.00 165.00 11.00
2015-06-30 1,831.00 -537.00 160.00 11.00
2015-03-31 1,704.00 -418.00 159.00 11.00
2014-12-31 1,737.00 -427.00 152.00 11.00
2014-09-30 1,773.00 -158.00 125.00 10.00
2014-06-30 1,835.00 -114.00 129.00 10.00
2014-03-31 1,870.00 -127.00 133.00 10.00
2013-12-31 1,922.00 -126.00 147.00 10.00
2013-09-30 1,968.00 -214.00 169.00
2013-06-30 1,964.00 -169.00 172.00
2013-03-31 1,868.00 982.00 152.00
2012-12-31 1,832.00 1,125.00 109.00 9.00
2012-09-30 1,732.60 1,286.20 119.40
2012-06-30 1,711.00 1,389.10 125.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tronox Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tronox Holdings used its assets less efficiently than the DE Chemicals industry average last year based on Return on Assets.
  • Tronox Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Tronox Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tronox Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

T5X Health

 How is Tronox Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tronox Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tronox Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tronox Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tronox Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tronox Holdings Company Filings, last reported 1 month ago.

DB:T5X Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 680.00 3,438.00 1,068.00
2018-12-31 862.00 3,161.00 1,034.00
2018-09-30 879.00 3,165.00 1,077.00
2018-06-30 897.00 3,169.00 1,036.00
2018-03-31 1,033.00 3,146.00 1,074.00
2017-12-31 1,015.00 3,147.00 1,116.00
2017-09-30 906.00 3,140.00 1,058.00
2017-06-30 1,175.00 3,052.00 303.00
2017-03-31 1,144.00 3,053.00 265.00
2016-12-31 1,153.00 3,054.00 248.00
2016-09-30 1,007.00 3,055.00 202.00
2016-06-30 1,000.00 3,055.00 188.00
2016-03-31 1,046.00 3,057.00 152.00
2015-12-31 1,110.00 3,076.00 229.00
2015-09-30 1,316.00 3,127.00 145.00
2015-06-30 1,529.00 3,134.00 205.00
2015-03-31 1,658.00 2,988.00 1,139.00
2014-12-31 1,788.00 2,393.00 1,276.00
2014-09-30 2,166.00 2,398.00 1,345.00
2014-06-30 2,323.00 2,405.00 1,375.00
2014-03-31 2,355.00 2,409.00 1,403.00
2013-12-31 2,437.00 2,413.00 1,478.00
2013-09-30 2,521.00 2,404.00 1,457.00
2013-06-30 2,590.00 2,408.00 1,389.00
2013-03-31 2,696.00 2,411.00 1,375.00
2012-12-31 2,882.00 1,645.00 716.00
2012-09-30 3,143.20 1,649.10 774.40
2012-06-30 3,499.00 744.80 185.90
  • Tronox Holdings's level of debt (505.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (102.3% vs 505.6% today).
  • Debt is not well covered by operating cash flow (6.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Tronox Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tronox Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

T5X Dividends

 What is Tronox Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.67%
Current annual income from Tronox Holdings dividends. Estimated to be 1.86% next year.
If you bought €2,000 of Tronox Holdings shares you are expected to receive €33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tronox Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Tronox Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:T5X Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:T5X Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.21 4.00
2020-12-31 0.20 4.00
2019-12-31 0.19 4.00
DB:T5X Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.180 1.678
2019-02-28 0.180 1.384
2019-02-27 0.180 1.510
2018-08-15 0.180 1.687
2018-05-10 0.180 0.979
2018-03-01 0.180 0.959
2017-11-08 0.180 0.843
2017-08-09 0.180 0.792
2017-08-08 0.180 0.913
2017-05-04 0.180 1.099
2017-05-03 0.180 1.101
2017-02-24 0.180 1.064
2017-02-21 0.180 0.972
2016-11-03 0.180 1.563
2016-11-02 0.180 2.277
2016-05-05 0.180 2.774
2016-02-25 0.180 2.884
2016-02-23 0.180 4.821
2015-11-06 1.000 25.027
2015-11-05 1.000 17.938
2015-08-05 1.000 14.782
2015-08-04 1.000 9.167
2015-05-08 1.000 6.735
2015-05-06 1.000 5.111
2014-11-05 1.000 4.587
2014-08-06 1.000 3.824
2014-05-07 1.000 3.865
2013-11-06 1.000 4.335
2013-08-07 1.000 4.288
2013-05-08 1.000 4.704
2013-02-25 1.000 4.944
2012-11-12 1.000 5.628
2012-08-01 1.000 4.262

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tronox Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Tronox Holdings has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Tronox Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (10.3x coverage).
X
Income/ dividend checks
We assess Tronox Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tronox Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tronox Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

T5X Management

 What is the CEO of Tronox Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Quinn
COMPENSATION $7,972,832
AGE 59
TENURE AS CEO 1.4 years
CEO Bio

Mr. Jeffry N. Quinn, also known as Jeff, J.D., CPA has been Chairman of the Board at Tronox Holdings plc (formerly, Tronox Limited) since March 28, 2019. Mr. Quinn serves as President and Chief Executive Officer of Tronox Holdings plc since December 01, 2017. Mr. Quinn founded Quinpario Partners LLC and served as its Chief Executive Officer and Managing Member since July 2012 until December 01, 2017. He was the founder, Chairman and Chief Executive Officer of The Quinn Group LLC. Mr. Quinn serves as the Chairman of Jason Incorporated and served as its Chief Executive Officer since February 9, 2016 until December 20, 2016. He served as the Chief Executive Officer of Jason Industries, Inc. since December 14, 2015 until December 1, 2016. Mr. Quinn served as an Interim Chief Executive Officer of Jason Incorporated since November 10, 2015 until February 9, 2016. He has been an Executive Vice President of Clark USA and Clark Holdings since March 01, 2000. He served as the Interim Chief Executive Officer at Jason Industries, Inc from November 9, 2015 to December 14, 2015. He is the founder and has been Chairman, Chief Executive Officer at Quinpario Partners 2, LLC since July 2014. He served as the Chief Executive Officer and President at Jason Industries, Inc. since May 2013 until June 30, 2014. Prior to founding Quinpario, he served as the Chief Executive Officer and President of Solutia Inc. since May 2004 until July 2012. He served as Executive Vice President, General Counsel and Secretary of Solutia Inc., since joining in 2003 and served as its Chief Restructuring Officer from 2003 to 2004. He served as Director of Tax at Solutia Inc. He left Solutia in July, 2012. He has more than 25 years of management and tax counsel experience at Monsanto and affiliate companies. He served as an Executive Vice President and General Counsel of Premcor USA, Inc. During his tenure at Premcor, Mr. Quinn was actively involved in the initial public offering. He served as an Executive Vice President and Secretary of The Premcor Refining Group Inc. since March 1, 2000. He served as Senior Vice President of Solutia Inc. since 2003. He started at Arch Coal in 1986. Mr. Quinn served as an Executive Vice President of Legal, Human Resources and Public Affairs at The Premcor Refining Group Inc. since March 1, 2000 and served as its General Counsel. He served as an Executive Vice President, Chief Administrative Officer and General Counsel of Premcor Inc., from 2000 to 2002 and served as its Secretary. He served as Senior Vice President of Law and Human Resources, Secretary and General Counsel of Arch Coal Inc., from 1995 to 2000. He was responsible for legal, governmental and public affairs as well as human resources. During his tenure at Arch Coal he was involved in the evaluation, negotiation and integration of a series of acquisitions. Mr. Quinn was involved in a number of mergers and acquisitions at Arch Coal, including the 1987 acquisition of the coal business of Diamond Shamrock Corporation, the 1997 merger with Ashland Coal, Inc., the 1998 acquisition of the U.S. business of Atlantic Richfield Company and many other smaller transactions as well as the company’s initial public offering in 1997 as part of the Ashland Coal merger. He served as the Chairman of the Board of Jason Industries, Inc. from May 2013 to June 27, 2018 and has been its Director since May 2013. He served as the Chairman of Quinpario Acquisition Corp. 2 from May 2013 to September 1, 2016. He served as the Chairman of Solutia Inc. from February 22, 2006 to July 2012. Mr. Quinn has been Director of Tronox Holdings plc since February 2011 and Director of W.R. Grace & Co. since November 12, 2012. He serves as a Director of Southwall Technologies Inc.; and American Chemistry Council, Inc. He served as Director of SunEdison, Inc. from October 11, 2012 to May 30, 2013. He served as a Director of Ferro Corporation since May 22, 2013 until September 1, 2016. He served as a Director of Quinpario Acquisition Corp. 2 from July 2014 to September 1, 2016. He served as a Director of Solutia Inc., since May 2004 and Tecumseh Products Company from August 13, 2007 to August 2009. He is a Certified Public Accountant and licensed attorney. Mr. Quinn obtained a B.S. Degree in Mining Engineering from the University of Kentucky in 1981 and a J.D. Degree from the University of Kentucky School of Law in 1984.

CEO Compensation
  • Jeff's compensation has increased in line with Tronox Holdings recently becoming profitable.
  • Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Tronox Holdings management team in years:

1.8
Average Tenure
53.5
Average Age
  • The average tenure for the Tronox Holdings management team is less than 2 years, this suggests a new team.
Management Team

Jeff Quinn

TITLE
Chairman
COMPENSATION
$8M
AGE
59
TENURE
1.4 yrs

Tim Carlson

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
53
TENURE
2.6 yrs

Jean-François Turgeon

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
52
TENURE
2.3 yrs

Jeff Neuman

TITLE
Senior VP
COMPENSATION
$3M
AGE
56
TENURE
1.1 yrs

John Romano

TITLE
Senior VP & Chief Commercial Officer
COMPENSATION
$3M
AGE
53
TENURE
8.3 yrs

Todd Putnam

TITLE
Chief Information Officer
AGE
54
TENURE
2.3 yrs

Brennen Arndt

TITLE
Senior Vice President of Investor Relations
TENURE
1.3 yrs

Melissa Zona

TITLE
Vice President of Corporate Communications & Public Relations
TENURE
1.3 yrs

Chuck Mancini

TITLE
Senior VP of Organizational Effectiveness & Chief of Staff

John Srivisal

TITLE
Senior Vice President of Business Development
Board of Directors Tenure

Average tenure and age of the Tronox Holdings board of directors in years:

3.9
Average Tenure
62
Average Age
  • The tenure for the Tronox Holdings board of directors is about average.
Board of Directors

Jeff Quinn

TITLE
Chairman
COMPENSATION
$8M
AGE
59
TENURE
0.2 yrs

Wayne Hinman

TITLE
Independent Director
COMPENSATION
$259K
AGE
71
TENURE
6.9 yrs

Andrews Hines

TITLE
Independent Director
COMPENSATION
$269K
AGE
78
TENURE
6.9 yrs

Ilan Kaufthal

TITLE
Lead Independent Director
COMPENSATION
$522K
AGE
70
TENURE
0.2 yrs

Sipho Nkosi

TITLE
Independent Director
COMPENSATION
$234K
AGE
64
TENURE
6.9 yrs

Willem van Niekerk

TITLE
Senior Vice President of Strategy
COMPENSATION
$4M
AGE
59
TENURE
6.9 yrs

Peter Johnston

TITLE
Independent Director
COMPENSATION
$229K
AGE
67
TENURE
6.8 yrs

Ginger Jones

TITLE
Independent Director
COMPENSATION
$153K
AGE
54
TENURE
1.1 yrs

Moazzam Khan

TITLE
Director
AGE
60
TENURE
0.1 yrs

Vanessa Guthrie

TITLE
Independent Director
AGE
56
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Tronox Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tronox Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

T5X News

Simply Wall St News

T5X Company Info

Description

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products. The company is based in Stamford, Connecticut.

Details
Name: Tronox Holdings plc
T5X
Exchange: DB
Founded:
$1,438,769,986
149,318,462
Website: http://www.tronox.com
Address: Tronox Holdings plc
263 Tresser Boulevard,
Suite 1100,
Stamford,
Connecticut, 06901,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TROX Ordinary Shares New York Stock Exchange US USD 02. Dec 2010
DB T5X Ordinary Shares Deutsche Boerse AG DE EUR 02. Dec 2010
Number of employees
Current staff
Staff numbers
3,330
Tronox Holdings employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:58
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.