Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally.
Undervalued with adequate balance sheet and pays a dividend.
Share Price & News
How has Kronos Worldwide's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KRO has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KRO underperformed the US Chemicals industry which returned -7.4% over the past year.
Return vs Market: KRO underperformed the US Market which returned 17.8% over the past year.
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
1 day ago | Simply Wall StKronos Worldwide (NYSE:KRO) Seems To Use Debt Quite Sensibly
2 weeks ago | Simply Wall StThose Who Purchased Kronos Worldwide (NYSE:KRO) Shares Three Years Ago Have A 19% Loss To Show For It
3 weeks ago | Simply Wall StAn Intrinsic Calculation For Kronos Worldwide, Inc. (NYSE:KRO) Suggests It's 26% Undervalued
Is Kronos Worldwide undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KRO ($11.46) is trading below our estimate of fair value ($15.48)
Significantly Below Fair Value: KRO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KRO is good value based on its PE Ratio (13.1x) compared to the Chemicals industry average (22.6x).
PE vs Market: KRO is good value based on its PE Ratio (13.1x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
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 (2.1x).
How is Kronos Worldwide forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if KRO's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if KRO's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KRO's revenue (3.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: KRO's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KRO's Return on Equity is forecast to be low in 3 years time (13.6%).
How has Kronos Worldwide performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KRO has high quality earnings.
Growing Profit Margin: KRO's current net profit margins (6%) are lower than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: KRO's earnings have grown significantly by 36.7% 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 (-55.5%) over the past year, making it difficult to compare to the Chemicals industry average (-15.9%).
Return on Equity
High ROE: KRO's Return on Equity (12%) is considered low.
How is Kronos Worldwide's financial position?
Financial Position Analysis
Short Term Liabilities: KRO's short term assets ($1.2B) exceed its short term liabilities ($227.5M).
Long Term Liabilities: KRO's short term assets ($1.2B) exceed its long term liabilities ($810.5M).
Debt to Equity History and Analysis
Debt Level: KRO's debt to equity ratio (51.5%) is considered high.
Reducing Debt: KRO's debt to equity ratio has increased from 38.9% to 51.5% over the past 5 years.
Debt Coverage: KRO's debt is well covered by operating cash flow (26%).
Interest Coverage: KRO's interest payments on its debt are well covered by EBIT (12.3x coverage).
Inventory Level: KRO has a high level of physical assets or inventory.
Debt Coverage by Assets: KRO's debt is covered by short term assets (assets are 2.7x debt).
What is Kronos Worldwide's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: KRO's dividend (6.28%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: KRO's dividend (6.28%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, KRO has been paying a dividend for less than 10 years.
Growing Dividend: KRO's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.9%), KRO's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KRO's dividends in 3 years are forecast to be covered by earnings (80.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Graham (63yo)
Mr. Robert D. Graham serves as a Vice Chairman of the Board at CompX International Inc. He is has been Chief Executive Officer of NL Industries, Inc. since February 2014 and its Vice Chairman Since May 201 ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD2.63M) is below average for companies of similar size in the US market ($USD3.81M).
Compensation vs Earnings: Robert's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Vice Chairman of the Board||3.1yrs||US$2.63m||0.014% $180.1k|
|Chief Operating Officer||4.2yrs||US$1.44m||0.00086% $11.2k|
|Executive VP & Chief Tax Officer||8.8yrs||US$1.96m||no data|
|Executive Vice President||4yrs||US$1.25m||no data|
|Senior VP & CFO||0.7yrs||US$429.30k||no data|
|VP & CTO||0yrs||no data||no data|
|Vice President of Corporate Strategy & Investor Relations||7yrs||no data||0.0056% $73.2k|
|VP, General Counsel & Secretary||4.8yrs||no data||no data|
|President of Global Sales Management||7.4yrs||US$792.29k||no data|
|VP & Director of Global Human Resources||4.8yrs||no data||no data|
Experienced Management: KRO's management team is considered experienced (4.8 years average tenure).
|Vice Chairman of the Board||3.1yrs||US$2.63m||0.014% $180.1k|
|Independent Director||6.8yrs||US$81.58k||0.021% $277.1k|
|Independent Director||16.3yrs||US$81.58k||0.018% $231.9k|
|Independent Director||1.9yrs||US$78.08k||0.0020% $25.9k|
|Presiding Director & Director of Nl Industries Inc||0yrs||US$97.58k||0.017% $217.6k|
|Independent Director||4.1yrs||US$97.58k||0.0042% $54.0k|
|Chair of the Board||2.8yrs||US$102.58k||0.0085% $110.3k|
Experienced Board: KRO's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kronos Worldwide, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Kronos Worldwide, Inc.
- Ticker: KRO
- Exchange: NYSE
- Founded: 1916
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: US$1.302b
- Shares outstanding: 115.65m
- Website: https://kronostio2.com
Number of Employees
- Kronos Worldwide, Inc.
- 5430 LBJ Freeway
- Suite 1700
- United States
|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|
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 to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics. The company also produces ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; titanium oxychloride for use in the formulation of pearlescent pigments, and production of electroceramic capacitors for cell phones and other electronic devices; and titanyl sulfate that is used in pearlescent pigments, natural gas pipe, and other specialty applications. In addition, it sells and provides technical services for its products. The company sells its products under the KRONOS brand through agents and distributors to paint, plastics, decorative laminate, and paper manufacturers. The company was founded in 1916 and is headquartered in Dallas, Texas. Kronos Worldwide, Inc. is a subsidiary of Valhi, Inc.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 00:19|
|End of Day Share Price||2020/02/24 00:00|
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.