NYSE:KRO

Stock Analysis Report

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.

Risks

  • Kronos Worldwide has significant price volatility in the past 3 months.
  • Kronos Worldwide is covered by less than 3 analysts.

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

-12.1%

NYSE:KRO

-1.9%

US Chemicals

-1.0%

US Market


1 Year Return

-46.0%

NYSE:KRO

-15.0%

US Chemicals

-0.4%

US Market

KRO underperformed the Chemicals industry which returned -12.9% over the past year.

KRO underperformed the Market in United States of America which returned 1.2% over the past year.


Share holder returns

KROIndustryMarket
7 Day-12.1%-1.9%-1.0%
30 Day-23.4%-4.0%-3.3%
90 Day-20.6%-2.2%0.4%
1 Year-43.3%-46.0%-1.7%-15.0%1.8%-0.4%
3 Year60.5%41.7%34.8%10.1%39.4%30.4%
5 Year-12.6%-32.8%31.1%2.5%54.2%37.1%

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

Valuation

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

35%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Kronos Worldwide's share price is below the future cash flow value, and at a moderate discount (> 20%).

Kronos Worldwide's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Kronos Worldwide is good value based on earnings compared to the US Chemicals industry average.

Kronos Worldwide is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Kronos Worldwide, we can't assess if its growth is good value.


Price Based on Value of Assets

Kronos Worldwide is good value based on assets compared to the US Chemicals industry average.


Next Steps

Future Growth

How is Kronos Worldwide expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Kronos Worldwide's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).

Kronos Worldwide's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).

Kronos Worldwide's revenue growth is positive but not above the United States of America market average.

Kronos Worldwide's earnings growth is positive but not above the United States of America market average.

Kronos Worldwide's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Kronos Worldwide is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Kronos Worldwide has delivered over 20% year on year earnings growth in the past 5 years.

Kronos Worldwide's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Kronos Worldwide's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.


Return on Equity

Kronos Worldwide has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Kronos Worldwide used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

Kronos Worldwide 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).


Next Steps

Financial Health

How is Kronos Worldwide's financial position?


Financial Position Analysis

Kronos Worldwide is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Kronos Worldwide's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Kronos Worldwide's level of debt (52.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (37.6% vs 52.3% today).

Debt is not well covered by operating cash flow (9.9%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 14.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.7x debt.


Next Steps

Dividend

What is Kronos Worldwide's current dividend yield, its reliability and sustainability?

7.19%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Kronos Worldwide before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Kronos Worldwide's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).

Kronos Worldwide's dividend is above the markets top 25% of dividend payers in United States of America (3.8%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.6x coverage).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Robert Graham (63yo)

2.6yrs

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

Robert's remuneration is lower than average for companies of similar size in United States of America.

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

4.3yrs

Average Tenure

58yo

Average Age

The tenure for the Kronos Worldwide management team is about average.


Board Age and Tenure

2.9yrs

Average Tenure

63yo

Average Age

The average tenure for the Kronos Worldwide board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Kronos Worldwide individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$21,00013 Aug 19
Cecil Moore
EntityIndividual
Role
Lead Director
Shares2,000
Max PriceUS$10.50
BuyUS$53,75012 Aug 19
Robert Graham
EntityIndividual
Role
Vice Chairman of the Board
Vice Chairman
Shares5,000
Max PriceUS$10.75
BuyUS$67,28012 Aug 19
Andrew Nace
EntityIndividual
Shares6,000
Max PriceUS$11.22
BuyUS$15908 Feb 19
Andrew Nace
EntityIndividual
Shares11.41
Max PriceUS$17.51
BuyUS$125,00026 Nov 18
Robert Graham
EntityIndividual
Role
Vice Chairman of the Board
Vice Chairman
Shares10,000
Max PriceUS$12.50

Ownership Breakdown


Management Team

  • James Buch (58yo)

    Chief Operating Officer

    • Tenure: 3.7yrs
    • Compensation: $1.44m
  • Clarence Brown (50yo)

    VP, General Counsel & Secretary

    • Tenure: 4.3yrs
  • Kelly Luttmer (55yo)

    Executive VP & Chief Tax Officer

    • Tenure: 8.3yrs
    • Compensation: $1.96m
  • Patricia Kropp (59yo)

    VP & Director of Global Human Resources

    • Tenure: 4.3yrs
  • Janet Keckeisen (63yo)

    Vice President of Corporate Strategy & Investor Relations

    • Tenure: 6.5yrs
  • James Brown (62yo)

    Senior VP & CFO

    • Tenure: 0.2yrs
    • Compensation: $429.30k
  • Robert Graham (63yo)

    Vice Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: $2.63m
  • John Sunny (56yo)

    VP & CTO

  • Ben Corona (58yo)

    President of Global Sales Management

    • Tenure: 6.9yrs
    • Compensation: $792.29k
  • Brian Christian (40yo)

    Executive Vice President

    • Tenure: 3.5yrs
    • Compensation: $1.25m

Board Members

  • Robert Graham (63yo)

    Vice Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: $2.63m
  • Thomas Stafford (88yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: $81.58k
  • Robert Turner (73yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: $81.58k
  • Meredith Mendes (60yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: $78.08k
  • Cecil Moore (79yo)

    Presiding Director & Director of Nl Industries Inc

    • Compensation: $97.58k
  • John Harper (57yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: $97.58k
  • Loretta Feehan (63yo)

    Chair of the Board

    • Tenure: 2.3yrs
    • Compensation: $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$1.231b
  • Shares outstanding: 115.81m
  • Website: Click here

Number of Employees


Location

  • Kronos Worldwide, Inc.
  • 5430 LBJ Freeway
  • Suite 1700
  • Dallas
  • Texas
  • 75240
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KRONYSE (New York Stock Exchange)YesCommon StockUSUSDDec 2003
K1WDB (Deutsche Boerse AG)YesCommon StockDEEURDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/14 23:48
End of Day Share Price2019/08/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.