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TSE

TrinseoNYSE:TSE Stock Report

Market Cap

US$1.9b

7D

-11.2%

1Y

21.6%

Updated

01 Dec, 2021

Data

Company Financials +
TSE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends3/6

TSE Stock Overview

Trinseo Plc, a materials solutions provider, manufactures and sells plastics and latex binders in the United States and internationally.

Trinseo Competitors

LyondellBasell Industries

NYSE:LYB

US$29.0b

Royal Dutch Shell

ENXTAM:RDSA

€142.4b

TotalEnergies

ENXTPA:TTE

€106.6b

Saudi Basic Industries

SASE:2010

ر.س326.4b

Price History & Performance

Summary of all time highs, changes and price drops for Trinseo
Historical stock prices
Current Share PriceUS$47.23
52 Week HighUS$76.49
52 Week LowUS$38.09
Beta1.47
1 Month Change-15.75%
3 Month Change-9.35%
1 Year Change21.60%
3 Year Change-4.22%
5 Year Change-19.68%
Change since IPO133.23%

Recent News & Updates

Nov 02
When Should You Buy Trinseo PLC (NYSE:TSE)?

When Should You Buy Trinseo PLC (NYSE:TSE)?

While Trinseo PLC ( NYSE:TSE ) might not be the most widely known stock at the moment, it received a lot of attention...

Shareholder Returns

TSEUS ChemicalsUS Market
7D-11.2%-4.8%-2.8%
1Y21.6%17.7%20.0%

Return vs Industry: TSE exceeded the US Chemicals industry which returned 17.7% over the past year.

Return vs Market: TSE exceeded the US Market which returned 20% over the past year.

Price Volatility

Is TSE's price volatile compared to industry and market?
TSE volatility
TSE Average Weekly Movement6.6%
Chemicals Industry Average Movement5.2%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: TSE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TSE's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20102,600Frank Bozichhttps://www.trinseo.com

Trinseo Plc, a materials solutions provider, manufactures and sells plastics and latex binders in the United States and internationally. It serves customers in a range of end-markets, including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. The company was founded in 2010 and is based in Berwyn, Pennsylvania.

Trinseo Fundamentals Summary

How do Trinseo's earnings and revenue compare to its market cap?
TSE fundamental statistics
Market CapUS$1.92b
Earnings (TTM)US$289.50m
Revenue (TTM)US$4.59b

6.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TSE income statement (TTM)
RevenueUS$4.59b
Cost of RevenueUS$3.88b
Gross ProfitUS$705.50m
ExpensesUS$416.00m
EarningsUS$289.50m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.45
Gross Margin15.38%
Net Profit Margin6.31%
Debt/Equity Ratio270.1%

How did TSE perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

7%

Payout Ratio

Valuation

Is Trinseo 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: TSE ($47.23) is trading below our estimate of fair value ($174.95)

Significantly Below Fair Value: TSE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TSE is good value based on its PE Ratio (6.3x) compared to the US Chemicals industry average (20.9x).

PE vs Market: TSE is good value based on its PE Ratio (6.3x) compared to the US market (16.8x).


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 good value based on its PB Ratio (2x) compared to the US Chemicals industry average (2.5x).


Future Growth

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

2.7%

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%).

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 (2.7% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: TSE's revenue (2.7% 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 high in 3 years time (24.6%)


Past Performance

How has Trinseo performed over the past 5 years?

-26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TSE has a high level of non-cash earnings.

Growing Profit Margin: TSE's current net profit margins (6.3%) are higher than last year (0.08%).


Past Earnings Growth Analysis

Earnings Trend: TSE's earnings have declined by 26.2% per year over the past 5 years.

Accelerating Growth: TSE's earnings growth over the past year (12487%) exceeds its 5-year average (-26.2% per year).

Earnings vs Industry: TSE earnings growth over the past year (12487%) exceeded the Chemicals industry 24.1%.


Return on Equity

High ROE: Whilst TSE's Return on Equity (31.4%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Trinseo's financial position?


Financial Position Analysis

Short Term Liabilities: TSE's short term assets ($2.0B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: TSE's short term assets ($2.0B) do not cover its long term liabilities ($2.8B).


Debt to Equity History and Analysis

Debt Level: TSE's net debt to equity ratio (247.6%) is considered high.

Reducing Debt: TSE's debt to equity ratio has reduced from 281% to 270.1% over the past 5 years.

Debt Coverage: TSE's debt is not well covered by operating cash flow (14.7%).

Interest Coverage: TSE's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Dividend

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

2.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TSE's dividend (2.71%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: TSE's dividend (2.71%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: TSE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TSE's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.5%), TSE's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TSE's dividends in 3 years are forecast to be thoroughly covered by earnings (9.9% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Frank Bozich (61 yo)

2.67yrs

Tenure

US$5,035,919

Compensation

Mr. Frank A. Bozich has been President and Chief Executive Officer at Trinseo S.A. since March 4, 2019. Mr. Bozich serves as Director at Trinseo S.A. since March 2019 until 2019. Mr. Bozich served as the C...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD5.04M) is above average for companies of similar size in the US market ($USD3.71M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: TSE's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: TSE's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TSE 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 PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Trinseo PLC
  • Ticker: TSE
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: US$1.923b
  • Shares outstanding: 38.84m
  • Website: https://www.trinseo.com

Number of Employees


Location

  • Trinseo PLC
  • 1000 Chesterbrook Boulevard
  • Suite 300
  • Berwyn
  • Pennsylvania
  • 19312
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 02:53
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
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.