Tronox Holdings
Market Cap
US$3.6b
Last Updated
2021/05/06 22:19 UTC
Data Sources
Company Financials +
Executive Summary
Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 28.6% per year for the next 3 years
+ 2 more risks
Snowflake Analysis
Undervalued second-rate dividend payer.
Similar Companies
Share Price & News
How has Tronox Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TROX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: TROX's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
7.3%
TROX
2.3%
US Chemicals
-1.7%
US Market
1 Year Return
278.4%
TROX
66.6%
US Chemicals
51.8%
US Market
Return vs Industry: TROX exceeded the US Chemicals industry which returned 68.5% over the past year.
Return vs Market: TROX exceeded the US Market which returned 52.8% over the past year.
Shareholder returns
| TROX | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.3% | 2.3% | -1.7% |
| 30 Day | 15.2% | 5.3% | 1.5% |
| 90 Day | 28.7% | 14.5% | 3.1% |
| 1 Year | 289.7%278.4% | 70.1%66.6% | 54.4%51.8% |
| 3 Year | 43.6%34.4% | 50.3%27.6% | 63.0%52.8% |
| 5 Year | 409.6%366.6% | 109.6%68.4% | 127.2%101.9% |
Long-Term Price Volatility Vs. Market
How volatile is Tronox Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Investors Who Bought Tronox Holdings (NYSE:TROX) Shares A Year Ago Are Now Up 171%2 months ago | Simply Wall St
Tronox Holdings plc (NYSE:TROX) Looks Like A Good Stock, And It's Going Ex-Dividend Soon2 months ago | Simply Wall St
An Intrinsic Calculation For Tronox Holdings plc (NYSE:TROX) Suggests It's 33% UndervaluedValuation
Is Tronox Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TROX ($23.61) is trading below our estimate of fair value ($70.13)
Significantly Below Fair Value: TROX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TROX is good value based on its PE Ratio (3.6x) compared to the US Chemicals industry average (27.5x).
PE vs Market: TROX is good value based on its PE Ratio (3.6x) compared to the US market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: TROX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TROX is good value based on its PB Ratio (2x) compared to the US Chemicals industry average (2.9x).
Future Growth
How is Tronox Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-28.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TROX's earnings are forecast to decline over the next 3 years (-28.6% per year).
Earnings vs Market: TROX's earnings are forecast to decline over the next 3 years (-28.6% per year).
High Growth Earnings: TROX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TROX's revenue (4.6% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: TROX's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TROX's Return on Equity is forecast to be low in 3 years time (16.8%).
Past Performance
How has Tronox Holdings performed over the past 5 years?
81.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TROX has a large one-off loss of $63.0M impacting its March 31 2021 financial results.
Growing Profit Margin: TROX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TROX has become profitable over the past 5 years, growing earnings by 81.3% per year.
Accelerating Growth: TROX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TROX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (7.3%).
Return on Equity
High ROE: Whilst TROX's Return on Equity (52.83%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is Tronox Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: TROX's short term assets ($2.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: TROX's short term assets ($2.6B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: TROX's debt to equity ratio (185.5%) is considered high.
Reducing Debt: TROX's debt to equity ratio has reduced from 292.4% to 185.5% over the past 5 years.
Debt Coverage: TROX's debt is not well covered by operating cash flow (15%).
Interest Coverage: TROX's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Dividend
What is Tronox Holdings's current dividend yield, its reliability and sustainability?
1.36%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TROX's dividend (1.36%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: TROX's dividend (1.36%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: TROX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TROX has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (4.4%), TROX's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TROX's dividends in 3 years are forecast to be thoroughly covered by earnings (14.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
John Romano (55 yo)
0.42
Tenure
US$3,248,157
Compensation
Mr. John D. Romano serves as a Director at Tronox Holdings plc since March 18, 2021 and also has been a Co-Chief Executive Officer of Tronox Holdings plc (f.k.a. Tronox Limited) since March 18, 2021 and se...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD3.25M) is below average for companies of similar size in the US market ($USD5.40M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TROX's management team is considered experienced (2 years average tenure).
Board Members
Experienced Board: TROX's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TROX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.9%.
Top Shareholders
Company Information
Tronox Holdings plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tronox Holdings plc
- Ticker: TROX
- Exchange: NYSE
- Founded: NaN
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: US$3.582b
- Shares outstanding: 153.26m
- Website: https://www.tronox.com
Number of Employees
Location
- Tronox Holdings plc
- 263 Tresser Boulevard
- Suite 1100
- Stamford
- Connecticut
- 6901
- United States
Listings
Biography
Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/06 22:19 |
| End of Day Share Price | 2021/05/06 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.