Kronos Worldwide
Market Cap
US$1.4b
Last Updated
2019/10/19 23:52 UTC
Data Sources
Company Financials +
Executive Summary
Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally.
Snowflake
Fundamentals
Established dividend payer and good value.
Similar Companies
Share Price & News
How has Kronos Worldwide's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.6%
KRO
0.2%
US Chemicals
0.4%
US Market
1 Year Return
-21.3%
KRO
-5.4%
US Chemicals
6.9%
US Market
Return vs Industry: KRO underperformed the US Chemicals industry which returned -5.4% over the past year.
Return vs Market: KRO underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| KRO | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | 0.2% | 0.4% |
| 30 Day | -5.3% | -1.9% | -1.2% |
| 90 Day | -13.8% | -1.8% | -0.4% |
| 1 Year | -16.7%-21.3% | 8.4%-5.4% | 9.3%6.9% |
| 3 Year | 67.0%47.4% | 40.5%14.9% | 45.8%36.4% |
| 5 Year | 16.6%-11.1% | 43.0%12.2% | 62.9%45.1% |
Price Volatility Vs. Market
How volatile is Kronos Worldwide's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Kronos Worldwide (NYSE:KRO) Seems To Use Debt Quite Sensibly2 weeks ago | Simply Wall St
Why Kronos Worldwide, Inc. (NYSE:KRO) Could Have A Place In Your Portfolio3 weeks ago | Simply Wall St
An Intrinsic Calculation For Kronos Worldwide, Inc. (NYSE:KRO) Suggests It's 23% UndervaluedValuation
Is Kronos Worldwide undervalued compared to its fair value and its price relative to the market?
27.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: KRO ($11.75) is trading below our estimate of fair value ($16.14)
Significantly Undervalued: KRO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KRO is good value based on its PE Ratio (11.7x) compared to the Chemicals industry average (19x).
PE vs Market: KRO is good value based on its PE Ratio (11.7x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate KRO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KRO is good value based on its PB Ratio (1.6x) compared to the US Chemicals industry average (2x).
Next Steps
Future Growth
How is Kronos Worldwide forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
7.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KRO's forecast earnings growth (7.3% per year) is above the savings rate (2.7%).
Earnings vs Market: KRO's earnings (7.3% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: KRO's earnings are forecast to grow, but not significantly.
Revenue vs Market: KRO's revenue (2.6% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: KRO's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: KRO's Return on Equity is forecast to be low in 3 years time (14.3%).
Next Steps
Past Performance
How has Kronos Worldwide performed over the past 5 years?
40.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: KRO's earnings have grown significantly by 40.5% per year over the past 5 years.
Accelerating Growth: KRO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KRO had negative earnings growth (-56.8%) over the past year, making it difficult to compare to the Chemicals industry average (-2.9%).
Return on Equity
High ROE: KRO's Return on Equity (13.4%) is considered low.
Return on Assets
ROA vs Industry: KRO's Return on Assets is below or equal to the Chemicals industry average last year.
Return on Capital Employed
ROCE Improving: KRO's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Kronos Worldwide's financial position?
Financial Position Analysis
Short Term Liabilities: KRO's short term assets ($1.2B) exceeds its short term liabilities ($249.1M)
Long Term Liabilities: KRO's short term assets (1.2B) exceeds its long term liabilities (841.5M)
Debt to Equity History and Analysis
Debt Level: KRO's debt to equity ratio (52.3%) is considered high
Reducing Debt: KRO's debt to equity ratio has increased from 37.6% to 52.3% over the past 5 years.
Debt Coverage: KRO's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: KRO's interest payments on its debt are well covered by EBIT (14.7x coverage).
Balance Sheet
Inventory Level: KRO has a high level of physical assets or inventory.
Debt Coverage by Assets: KRO's debt is covered by short term assets (assets are 2.711700x debt).
Next Steps
Dividend
What is Kronos Worldwide's current dividend yield, its reliability and sustainability?
6.13%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: KRO's dividend (6.13%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: KRO's dividend (6.13%) is in the top 25% of dividend payers in the US market (3.73%)
Stable Dividend: KRO's dividend payments have been volatile in the past 10 years.
Growing Dividend: KRO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.7%), KRO's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KRO's dividends in 3 years are forecast to be covered by earnings (68.7% payout ratio).
Next Steps
Management
What is the CEO of Kronos Worldwide's salary, the management and board of directors tenure and is there insider trading?
4.4yrs
Average management tenure
CEO
Robert Graham (63yo)
2.8yrs
Tenure
US$2,631,000
Compensation
Mr. Robert D. Graham serves as a Vice Chairman of the Board at CompX International Inc. He is has been Chief Executive Officer of NL Industries, Inc. since February 2014 and its Vice Chairman Since May 201 ...
CEO Compensation Analysis
Compensation vs. Market: Robert's total compensation ($USD2.63M) is below average for companies of similar size in the US market ($USD4.00M).
Compensation vs Earnings: Robert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
4.4yrs
Average Tenure
58yo
Average Age
Experienced Management: KRO's management team is considered experienced (4.4 years average tenure).
Board Age and Tenure
3.1yrs
Average Tenure
63yo
Average Age
Experienced Board: KRO's board of directors are considered experienced (3.1 years average tenure).
Insider Trading
Insider Buying: KRO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Chair of the Board |
| Shares | 2,000 |
| Max Price | US$10.16 |
| Entity | Individual |
| Shares | 1,500 |
| Max Price | US$9.97 |
| Entity | Individual |
| Role | Lead Director Presiding Director & Director of Nl Industries Inc |
| Shares | 2,000 |
| Max Price | US$10.50 |
| Entity | Individual |
| Role | Chief Executive Officer Vice Chairman of the Board |
| Shares | 5,000 |
| Max Price | US$10.75 |
| Entity | Individual |
| Shares | 6,000 |
| Max Price | US$11.22 |
| Entity | Individual |
| Shares | 11.41 |
| Max Price | US$17.51 |
| Entity | Individual |
| Role | Chief Executive Officer Vice Chairman of the Board |
| Shares | 10,000 |
| Max Price | US$12.50 |
Ownership Breakdown
Management Team
James Brown (62yo)
Senior VP & CFO
- Tenure: 0.3yrs
- Compensation: US$429.30k
Robert Graham (63yo)
Vice Chairman of the Board
- Tenure: 2.8yrs
- Compensation: US$2.63m
Kelly Luttmer (55yo)
Executive VP & Chief Tax Officer
- Tenure: 8.4yrs
- Compensation: US$1.96m
James Buch (58yo)
Chief Operating Officer
- Tenure: 3.8yrs
- Compensation: US$1.44m
Clarence Brown (50yo)
VP, General Counsel & Secretary
- Tenure: 4.4yrs
Brian Christian (40yo)
Executive Vice President
- Tenure: 3.7yrs
- Compensation: US$1.25m
Janet Keckeisen (63yo)
Vice President of Corporate Strategy & Investor Relations
- Tenure: 6.7yrs
Ben Corona (58yo)
President of Global Sales Management
- Tenure: 7.1yrs
- Compensation: US$792.29k
Patricia Kropp (59yo)
VP & Director of Global Human Resources
- Tenure: 4.4yrs
John Sunny (56yo)
VP & CTO
- Tenure: 0yrs
Board Members
Robert Graham (63yo)
Vice Chairman of the Board
- Tenure: 2.8yrs
- Compensation: US$2.63m
Thomas Stafford (88yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$81.58k
Robert Turner (73yo)
Independent Director
- Tenure: 15.9yrs
- Compensation: US$81.58k
Meredith Mendes (60yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: US$78.08k
Cecil Moore (79yo)
Presiding Director & Director of Nl Industries Inc
- Tenure: 0yrs
- Compensation: US$97.58k
John Harper (57yo)
Independent Director
- Tenure: 3.8yrs
- Compensation: US$97.58k
Loretta Feehan (63yo)
Chair of the Board
- Tenure: 2.4yrs
- Compensation: US$102.58k
Company Information
Kronos Worldwide, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kronos Worldwide, Inc.
- Ticker: KRO
- Exchange: NYSE
- Founded: 1916
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: US$1.361b
- Shares outstanding: 115.81m
- Website: https://kronostio2.com
Number of Employees
Location
- Kronos Worldwide, Inc.
- 5430 LBJ Freeway
- Suite 1700
- Dallas
- Texas
- 75240
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KRO | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 2003 |
| K1W | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 2003 |
Biography
Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase t ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:52 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.