NYSE:TSE

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Executive Summary

Trinseo S.A., a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in the United States, Europe, the Asia-Pacific, and internationally. More Details


Snowflake Analysis

Second-rate dividend payer with imperfect balance sheet.


Similar Companies

Share Price & News

How has Trinseo's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TSE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

14.4%

TSE

-0.5%

US Chemicals

-1.3%

US Market


1 Year Return

-22.0%

TSE

10.5%

US Chemicals

18.5%

US Market

Return vs Industry: TSE underperformed the US Chemicals industry which returned 10.5% over the past year.

Return vs Market: TSE underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

TSEIndustryMarket
7 Day14.4%-0.5%-1.3%
30 Day18.0%1.7%5.3%
90 Day38.4%5.6%7.5%
1 Year-16.9%-22.0%13.0%10.5%21.3%18.5%
3 Year-47.7%-53.7%16.0%-5.8%42.4%32.9%
5 Year24.7%7.0%63.7%25.8%84.2%63.5%

Price Volatility Vs. Market

How volatile is Trinseo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trinseo undervalued compared to its fair value and its price relative to the market?

2.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TSE ($33.7) is trading above our estimate of fair value ($24.22)

Significantly Below Fair Value: TSE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TSE is unprofitable, so we can't compare its PE Ratio to the US Chemicals industry average.

PE vs Market: TSE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TSE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TSE is overvalued based on its PB Ratio (2.8x) compared to the US Chemicals industry average (2.1x).


Next Steps

Future Growth

How is Trinseo forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

5.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TSE's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if TSE'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: TSE's revenue (5.6% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: TSE's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TSE's Return on Equity is forecast to be low in 3 years time (18.9%).


Next Steps

Past Performance

How has Trinseo performed over the past 5 years?

-8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSE is currently unprofitable.

Growing Profit Margin: TSE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TSE is unprofitable, and losses have increased over the past 5 years at a rate of 8.6% per year.

Accelerating Growth: Unable to compare TSE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TSE is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-18.6%).


Return on Equity

High ROE: TSE has a negative Return on Equity (-29.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Trinseo's financial position?


Financial Position Analysis

Short Term Liabilities: TSE's short term assets ($1.3B) exceed its short term liabilities ($435.6M).

Long Term Liabilities: TSE's short term assets ($1.3B) do not cover its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: TSE's debt to equity ratio (281.3%) is considered high.

Reducing Debt: TSE's debt to equity ratio has reduced from 422.4% to 281.3% over the past 5 years.

Debt Coverage: TSE's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: Insufficient data to determine if TSE's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Trinseo current dividend yield, its reliability and sustainability?

4.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TSE's dividend (4.75%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: TSE's dividend (4.75%) is in the top 25% of dividend payers in the US market (4.68%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TSE has been paying a dividend for less than 10 years.

Growing Dividend: TSE's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: TSE is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: TSE's dividends in 3 years are forecast to be covered by earnings (59% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Frank Bozich (60 yo)

1.58yrs

Tenure

US$6,869,598

Compensation

Mr. Frank A. Bozich has been President and Chief Executive Officer at Trinseo S.A. since March 4, 2019 and serves as Director since July 2019. Mr. Bozich serves as Director at Trinseo S.A. since March, 201 ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD6.87M) is above average for companies of similar size in the US market ($USD4.48M).

Compensation vs Earnings: Insufficient data to compare Frank's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Frank Bozich
President1.58yrsUS$6.87m0.071%
$ 909.9k
David Stasse
Executive VP & CFO1.25yrsUS$882.39k0.060%
$ 775.9k
Angelo Chaclas
Senior VPno dataUS$1.33m0.036%
$ 467.5k
Alice L. Heezen-Dokianos
Senior Vice President of Human Resources2.5yrsUS$1.00m0.0019%
$ 24.1k
Bernard Skeete
VP, Controller & Principal Accounting Officer1.25yrsno data0.0014%
$ 18.4k
Andrew Myers
Finance Director of Corporate FP&A and Investor Relationsno datano datano data
Andre Lanning
Vice President of Strategy0.42yrno datano data
Lori Wilcox
Chief Audit Executive1.25yrsno datano data
Ryan Leib
VP & Treasurer1.25yrsno data0.0053%
$ 68.7k

1.3yrs

Average Tenure

49.5yo

Average Age

Experienced Management: TSE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Frank Bozich
President1.58yrsUS$6.87m0.071%
$ 909.9k
Mark Tomkins
Independent Director0.92yrUS$10.25k0.0073%
$ 94.4k
Jeffrey Cote
Independent Director6.42yrsUS$235.00k0.041%
$ 533.5k
Philip Martens
Independent Director4.08yrsUS$210.00k0.021%
$ 266.7k
Henri Steinmetz
Independent Director2.92yrsUS$225.76k0.055%
$ 709.7k
Joseph Alvarado
Independent Director3.58yrsUS$210.00k0.017%
$ 215.5k
Sandra Lin
Independent Director0.92yrUS$10.25kno data
K'Lynne Johnson
Independent Chairman0.33yrUS$220.63k0.017%
$ 216.5k
Pierre-Marie De Leener
Independent Director6.42yrsUS$210.00k0.034%
$ 442.1k
Donald Misheff
Independent Director5.67yrsUS$220.00k0.029%
$ 378.8k
Jeanmarie Desmond
Directorno datano datano data

3.3yrs

Average Tenure

62yo

Average Age

Experienced Board: TSE's board of directors are considered experienced (3.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Trinseo S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trinseo S.A.
  • Ticker: TSE
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: US$1.290b
  • Shares outstanding: 38.27m
  • Website: https://www.trinseo.com

Number of Employees


Location

  • Trinseo S.A.
  • 1000 Chesterbrook Boulevard
  • Suite 300
  • Berwyn
  • Pennsylvania
  • 19312
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TSENYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2014
TR5DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2014

Biography

Trinseo S.A., a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in the United States, Europe, the Asia-Pacific, and internationally. The company operates t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 23:40
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.