Tronox Holdings plc

NYSE:TROX Stock Report

Market Cap: US$1.3b

Tronox Holdings Future Growth

Future criteria checks 0/6

Tronox Holdings is forecast to grow earnings and revenue by 86.7% and 5.7% per annum respectively. EPS is expected to grow by 92.3% per annum. Return on equity is forecast to be -2.2% in 3 years.

Key information

86.7%

Earnings growth rate

92.25%

EPS growth rate

Chemicals earnings growth17.3%
Revenue growth rate5.7%
Future return on equity-2.20%
Analyst coverage

Good

Last updated21 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 23

Tronox: Signs Of A Bottom Are Emerging, But The Balance Sheet Keeps Me Cautious

Summary Tronox is rated Hold as recovery drivers are real but valuation is stretched at 10x–11x forward EV/EBITDA with 5x leverage. Antidumping duties are rebalancing TiO2 trade flows, aiding volume recovery, while chloride process advantages insulate TROX from sulfur-driven cost shocks. Q1'26 showed sequential improvement in TiO2 and zircon volumes, but pricing remains below normalized levels and net losses persist amid high debt. The rare earths initiative offers long-term optionality, but near-term earnings and free cash flow are constrained by commodity cycles and capital needs. Read the full article on Seeking Alpha
Narrative Update • May 05

TROX: Slower Earnings Recovery Will Limit Upside Despite Higher Street Expectations

The analyst price target for Tronox Holdings has shifted to $7.88 from $6.11, reflecting updated views on fair value, discount rates, revenue growth, profit margins, and future P/E as outlined in recent Street research, where analysts have been adjusting targets and ratings through a mix of upward revisions and at least one downgrade. Analyst Commentary Recent Street research on Tronox Holdings has been active, with several price target changes clustered over a relatively short period.
Narrative Update • Apr 20

TROX: Plant Closure And Refining Assumptions Will Shape Balanced Risk Reward Outlook

Tronox Holdings' analyst fair value estimate has shifted to $10.00 from $8.00, as analysts adjust assumptions around discount rates, revenue growth, profit margins and future P/E, while a series of firms have been lifting their price targets in recent research updates. Analyst Commentary Recent Street research has highlighted a series of upward price target revisions for Tronox Holdings, with several firms adjusting their views as assumptions around discount rates, growth and profitability are revisited.
Narrative Update • Apr 05

TROX: Higher Forecasts And China Closure Will Keep Execution Risk Elevated

The analyst price target for Tronox Holdings has moved higher to $4.37 from $3.50, with analysts updating their views after a series of target increases at firms such as Mizuho, UBS, Truist, Goldman Sachs, and Deutsche Bank. These changes reflect revised assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E.
Narrative Update • Mar 22

TROX: Earnings Improvement Plans And Plant Closure Will Support Future Upside

Analysts have lifted their price targets on Tronox Holdings into a rough $4 to $7.50 range, citing expectations for gradual earnings improvement and modestly higher modeled revenue growth and profit margins. Analyst Commentary Recent research updates on Tronox show a cluster of higher price targets, with several bullish analysts marking up their models even while keeping a cautious eye on the earnings backdrop.
Narrative Update • Mar 08

TROX: Rare Earth Financing Will Support Future Upside Potential

Analysts have nudged up their price targets on Tronox Holdings into a roughly $4 to $7.50 range, reflecting updated assumptions around higher modeled revenue growth and thinner profit margins, even as some still highlight that earnings improvement may take time. Analyst Commentary Recent research updates around Tronox cluster in a relatively tight price target band, with bullish analysts nudging their fair value estimates higher while still signaling that earnings progress may be gradual.
Narrative Update • Feb 21

TROX: Rare Earth Financing And Capacity Closures Will Support Future Upside

The updated analyst price target for Tronox Holdings moves to $8.00 from $7.00. This change reflects analysts' responses to recent Street research that cites revised fair value, a slightly lower discount rate, and adjusted expectations for revenue growth, profit margins, and future P/E multiples.
Narrative Update • Feb 07

TROX: Lower Discount Rate And Macro Uncertainty Will Restrain Future Upside

Analysts have lifted their price targets on Tronox Holdings, with recent moves of $1 to $2 reflecting updated views on fair value, a lower discount rate, slightly higher modeled revenue growth and profit margins, and a modestly higher future P/E assumption. Analyst Commentary Recent research updates on Tronox Holdings point to a cluster of upward price target revisions, with several firms fine tuning their assumptions on growth, profitability, and valuation multiples.
Analysis Article • Jan 25

Tronox Holdings plc's (NYSE:TROX) Price Is Right But Growth Is Lacking After Shares Rocket 47%

Tronox Holdings plc ( NYSE:TROX ) shares have continued their recent momentum with a 47% gain in the last month alone...
Narrative Update • Jan 23

TROX: Rare Earth Financing Support Will Expose Execution Risk Ahead

Analysts have raised their price targets on Tronox Holdings to about $3.50 per share, a move supported by recent Street research that includes increases such as UBS lifting its target to $5.25 from $3.80 while keeping a Neutral stance, with expectations grounded in updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E. Analyst Commentary Recent price target revisions on Tronox highlight a cautious tone from several bearish analysts, even where headline targets appear higher.
Narrative Update • Jan 09

TROX: Western Capacity Discipline And Rare Earth Financing Will Support Future Upside

Analysts have reduced their price target on Tronox Holdings to US$3.50 from US$4.00, citing a tougher competitive environment as the TiO2 market becomes more divided between China based producers and western multinationals. Analyst Commentary Recent research commentary around Tronox has centered on how the split between China based TiO2 producers and western multinationals could shape pricing power, cost structures, and capital allocation.
Narrative Update • Dec 25

TROX: Western Market Pricing Power May Unlock Upside Despite Lowered Expectations

Analysts have reduced their price target on Tronox Holdings by $0.50 to $3.50. This reflects concerns over a more challenging profit outlook and a bifurcated TiO2 industry structure between Chinese and Western multinational producers.
Narrative Update • Dec 11

TROX: Pricing Discipline And Export Actions Will Shape Balanced Risk Reward Outlook

Analysts have modestly lifted their price target for Tronox Holdings, reflecting a recalibrated fair value estimate and stronger long term profit margin assumptions, despite mixed views on TiO2 industry dynamics and recent target changes ranging from approximately $3.50 to $6 per share. Analyst Commentary Recent Street research reflects a sharply divided view on Tronox Holdings, with some observers highlighting improving industry structure and earnings leverage, while others focus on stretched valuation and fragile fundamentals following a strong share price rally.
Analysis Article • Dec 10

Tronox Holdings plc (NYSE:TROX) Held Back By Insufficient Growth Even After Shares Climb 30%

Those holding Tronox Holdings plc ( NYSE:TROX ) shares would be relieved that the share price has rebounded 30% in the...
Analysis Article • Nov 18

Tronox Holdings' (NYSE:TROX) Returns On Capital Tell Us There Is Reason To Feel Uneasy

When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
Narrative Update • Nov 09

TROX: Pricing Discipline And Export Duties Will Drive Outperformance Ahead

Tronox Holdings has seen its analyst price target increase modestly, rising by $0.37 to $4.63 per share. Analysts cite ongoing sector pricing discipline and production curtailments as factors supporting the company's outlook.
Analysis Article • Aug 31

There's No Escaping Tronox Holdings plc's (NYSE:TROX) Muted Revenues Despite A 26% Share Price Rise

Those holding Tronox Holdings plc ( NYSE:TROX ) shares would be relieved that the share price has rebounded 26% in the...
Analysis Article • Aug 23

Is Tronox Holdings (NYSE:TROX) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 01

Tronox Holdings' (NYSE:TROX) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Jul 14

There's No Escaping Tronox Holdings plc's (NYSE:TROX) Muted Revenues

Tronox Holdings plc's ( NYSE:TROX ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...
Analysis Article • Mar 04

Market Cool On Tronox Holdings plc's (NYSE:TROX) Revenues Pushing Shares 32% Lower

Unfortunately for some shareholders, the Tronox Holdings plc ( NYSE:TROX ) share price has dived 32% in the last thirty...
Analysis Article • Feb 22

Earnings Release: Here's Why Analysts Cut Their Tronox Holdings plc (NYSE:TROX) Price Target To US$12.33

Last week saw the newest yearly earnings release from Tronox Holdings plc ( NYSE:TROX ), an important milestone in the...
Analysis Article • Feb 08

Is Tronox Holdings plc (NYSE:TROX) Potentially Undervalued?

Tronox Holdings plc ( NYSE:TROX ), is not the largest company out there, but it saw significant share price movement...
Analysis Article • Jan 08

Tronox Holdings plc's (NYSE:TROX) Shares Not Telling The Full Story

When you see that almost half of the companies in the Chemicals industry in the United States have price-to-sales...
Analysis Article • Nov 21

Tronox Holdings (NYSE:TROX) Seems To Be Using A Lot Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 25

Sentiment Still Eluding Tronox Holdings plc (NYSE:TROX)

When you see that almost half of the companies in the Chemicals industry in the United States have price-to-sales...
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New Narrative • Sep 11

Rising TiO2 Demand And Strategic Sustainability Focus Propel Profit Growth

Strategic focus on sustainability and reducing carbon emissions could draw ESG-focused investors, enhancing long-term valuation.
Analysis Article • Aug 14

We Think You Should Be Aware Of Some Concerning Factors In Tronox Holdings' (NYSE:TROX) Earnings

The stock price didn't jump after Tronox Holdings plc ( NYSE:TROX ) posted decent earnings last week. Our analysis...
Analysis Article • Jul 28

Tronox Holdings (NYSE:TROX) Has No Shortage Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 13

Investors Aren't Entirely Convinced By Tronox Holdings plc's (NYSE:TROX) Revenues

It's not a stretch to say that Tronox Holdings plc's ( NYSE:TROX ) price-to-sales (or "P/S") ratio of 1.1x right now...
Analysis Article • Apr 18

Here's Why Tronox Holdings (NYSE:TROX) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Feb 24

Tronox Holdings plc (NYSE:TROX) Analysts Are Pretty Bullish On The Stock After Recent Results

It's been a good week for Tronox Holdings plc ( NYSE:TROX ) shareholders, because the company has just released its...

Earnings and Revenue Growth Forecasts

NYSE:TROX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,441-391003687
12/31/20273,292-39682748
12/31/20263,143-204543168
3/31/20262,920-462-27424N/A
12/31/20252,898-470-28160N/A
9/30/20252,844-325-37812N/A
6/30/20252,949-251-255156N/A
3/31/20253,038-150-107297N/A
12/31/20243,074-48-70300N/A
9/30/20243,084426318N/A
6/30/20242,94253-17248N/A
3/31/20242,916-348-10234N/A
12/31/20232,850-316-77184N/A
9/30/20232,813-388-115201N/A
6/30/20233,046-253-53321N/A
3/31/20233,197391-201217N/A
12/31/20223,454497170598N/A
9/30/20223,68959594497N/A
6/30/20223,664585260616N/A
3/31/20223,646283477794N/A
12/31/20213,572286468740N/A
9/30/20213,471248551800N/A
6/30/20213,2761,033397628N/A
3/31/20212,927956303518N/A
12/31/20202,758969160355N/A
9/30/20202,668924144331N/A
6/30/20202,7619196395N/A
3/31/20202,974-48163374N/A
12/31/20192,642-114N/A441N/A
9/30/20192,378-119N/A293N/A
6/30/20192,066-94N/A257N/A
3/31/20191,7673N/A213N/A
12/31/20181,819-7N/A170N/A
9/30/20181,854-2N/A214N/A
6/30/20181,833-39N/A167N/A
3/31/20181,762-94N/A209N/A
12/31/20171,698-106N/A272N/A
9/30/20171,586-9N/A288N/A
6/30/20171,490-38N/A279N/A
3/31/20171,211-103N/A270N/A
12/31/20161,309-140N/A210N/A
9/30/20161,492-327N/A296N/A
6/30/20161,728-327N/A272N/A
3/31/20162,203-362N/A282N/A
12/31/20151,510-384N/A217N/A
9/30/20151,977-504N/A97N/A
6/30/20151,831-537N/A119N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TROX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TROX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TROX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TROX's revenue (5.7% per year) is forecast to grow slower than the US market (11.9% per year).

High Growth Revenue: TROX's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TROX is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 05:22
End of Day Share Price 2026/06/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tronox Holdings plc is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael LeitheadBarclays
John McNultyBMO Capital Markets Equity Research
Matthew DeYoeBofA Global Research