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Market Cap

US$3.6b

Last Updated

2021/05/12 00:08 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


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

2.7%

TROX

1.5%

US Chemicals

-0.9%

US Market


1 Year Return

238.7%

TROX

65.5%

US Chemicals

48.6%

US Market

Return vs Industry: TROX exceeded the US Chemicals industry which returned 63.3% over the past year.

Return vs Market: TROX exceeded the US Market which returned 48.3% over the past year.


Shareholder returns

TROXIndustryMarket
7 Day2.7%1.5%-0.9%
30 Day20.3%6.4%-0.8%
90 Day26.2%14.3%0.2%
1 Year248.9%238.7%69.0%65.5%50.9%48.6%
3 Year42.2%33.1%49.9%27.3%64.8%55.1%
5 Year420.2%376.4%109.8%68.6%143.2%116.7%

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

Valuation

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 ($23.2) is trading below our estimate of fair value ($69.81)

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 (3.5x) compared to the US Chemicals industry average (27.7x).

PE vs Market: TROX is good value based on its PE Ratio (3.5x) compared to the US market (20.2x).


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 (4.8% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: TROX's revenue (4.8% 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 (1.6%).


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?

1.38%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 12 2021Ex Dividend DateMay 14 2021Dividend Pay DateMay 28 202114 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TROX's dividend (1.38%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: TROX's dividend (1.38%) is low compared to the top 25% of dividend payers in the US market (3.41%).


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 ($USD3.25M) is below average for companies of similar size in the US market ($USD5.32M).

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$3.556b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/12 00:08
End of Day Share Price2021/05/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.