TRONOX HOLDINGS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.48 USD | +0.63% |
|
+7.97% | +23.45% |
| Apr. 22 | Earnings Flash (TROX) TRONOX HOLDINGS Posts Q1 Revenue $774M | MT |
| Apr. 08 | UBS Raises Tronox's Price Target to $18 From $14, Maintains Neutral Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,620 | 2,099 | 3,697 | 2,118 | 2,220 | 2,759 | - | - |
| Enterprise Value (EV) 1 | 4,344 | 4,801 | 6,045 | 4,492 | 4,771 | 5,235 | 5,146 | 5,034 |
| P/E ratio | -14.6 x | - | 13.3 x | 4.34 x | - | 49.9 x | 16.6 x | 12.9 x |
| Yield | 1.58% | 1.92% | 1.5% | 3.65% | - | 3.21% | 3.2% | 3.37% |
| Capitalization / Revenue | 0.61 x | 0.76 x | 1.04 x | 0.61 x | 0.78 x | 0.9 x | 0.83 x | 0.8 x |
| EV / Revenue | 1.64 x | 1.74 x | 1.69 x | 1.3 x | 1.67 x | 1.7 x | 1.55 x | 1.45 x |
| EV / EBITDA | 7.06 x | 7.19 x | 6.38 x | 5.13 x | 9.11 x | 8.8 x | 6.86 x | 6.24 x |
| EV / FCF | 20.3 x | 30 x | 12.9 x | 26.4 x | -62 x | 29.6 x | 15.6 x | 12.4 x |
| FCF Yield | 4.93% | 3.33% | 7.74% | 3.78% | -1.61% | 3.38% | 6.41% | 8.08% |
| Price to Book | 2.17 x | 1.24 x | 1.86 x | 0.9 x | 1.15 x | 1.39 x | 1.31 x | 1.26 x |
| Nbr of stocks (in thousands) | 141,889 | 143,557 | 153,867 | 154,465 | 156,794 | 157,838 | - | - |
| Reference price 2 | 11.42 | 14.62 | 24.03 | 13.71 | 14.16 | 17.48 | 17.48 | 17.48 |
| Announcement Date | 2/25/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,642 | 2,758 | 3,572 | 3,454 | 2,850 | 3,075 | 3,324 | 3,467 |
| EBITDA 1 | 615 | 668 | 947 | 875 | 524 | 594.9 | 750.4 | 807 |
| EBIT 1 | 303 | 334 | 619 | 580 | 249 | 302.2 | 445.8 | 497.5 |
| Operating Margin | 11.47% | 12.11% | 17.33% | 16.79% | 8.74% | 9.83% | 13.41% | 14.35% |
| Earnings before Tax (EBT) 1 | - | - | - | 308 | 49 | 104.4 | 287.6 | 340.9 |
| Net income 1 | -109 | 969 | 286 | 497 | -316 | 85.81 | 219.7 | 260.2 |
| Net margin | -4.13% | 35.13% | 8.01% | 14.39% | -11.09% | 2.79% | 6.61% | 7.51% |
| EPS 2 | -0.7800 | - | 1.810 | 3.160 | - | 0.3500 | 1.050 | 1.350 |
| Free Cash Flow 1 | 214 | 160 | 468 | 170 | -77 | 177 | 330 | 407 |
| FCF margin | 8.1% | 5.8% | 13.1% | 4.92% | -2.7% | 5.76% | 9.93% | 11.74% |
| FCF Conversion (EBITDA) | 34.8% | 23.95% | 49.42% | 19.43% | - | 29.76% | 43.98% | 50.43% |
| FCF Conversion (Net income) | - | 16.51% | 163.64% | 34.21% | - | 206.27% | 150.17% | 156.4% |
| Dividend per Share 2 | 0.1800 | 0.2800 | 0.3600 | 0.5000 | - | 0.5612 | 0.5586 | 0.5895 |
| Announcement Date | 2/25/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 870 | 884 | 965 | 945 | 895 | 649 | 708 | 794 | 662 | 686 | 750 | 824.7 | 778.7 | 747.6 | 853.3 |
| EBITDA 1 | 252 | 233 | 240 | 275 | 247 | 113 | 146 | 168 | 116 | 94 | 118.6 | 147.9 | 172 | 156.6 | 182 |
| EBIT 1 | 168 | 155 | 154 | 190 | 163 | 40 | 62 | 84 | 32 | 25 | 46.4 | 75.18 | 96.21 | 91.2 | 118.1 |
| Operating Margin | 19.31% | 17.53% | 15.96% | 20.11% | 18.21% | 6.16% | 8.76% | 10.58% | 4.83% | 3.64% | 6.19% | 9.12% | 12.36% | 12.2% | 13.84% |
| Earnings before Tax (EBT) 1 | 141 | 104 | 34 | 152 | 141 | -19 | 34 | 53 | -6 | -32 | -2 | 11 | 30 | 33 | - |
| Net income 1 | 111 | 83 | 16 | 375 | 121 | -15 | 23 | -269 | -14 | -56 | -3 | 9 | 24 | 26 | - |
| Net margin | 12.76% | 9.39% | 1.66% | 39.68% | 13.52% | -2.31% | 3.25% | -33.88% | -2.11% | -8.16% | -0.4% | 1.09% | 3.08% | 3.48% | - |
| EPS 2 | 0.7000 | 0.5200 | 0.1000 | 2.370 | 0.7700 | -0.0900 | 0.1500 | -1.720 | -0.0900 | -0.3600 | -0.0200 | 0.0500 | 0.1500 | 0.1700 | - |
| Dividend per Share 2 | 0.1000 | 0.1000 | 0.1250 | 0.1250 | 0.1250 | 0.1250 | 0.1250 | 0.1250 | - | - | 0.1403 | 0.1403 | 0.1403 | 0.1403 | 0.1543 |
| Announcement Date | 10/27/21 | 2/16/22 | 4/27/22 | 7/27/22 | 10/26/22 | 2/15/23 | 4/26/23 | 7/26/23 | 10/25/23 | 2/15/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,724 | 2,702 | 2,348 | 2,374 | 2,551 | 2,476 | 2,387 | 2,275 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.429 x | 4.045 x | 2.479 x | 2.713 x | 4.868 x | 4.163 x | 3.181 x | 2.819 x |
| Free Cash Flow 1 | 214 | 160 | 468 | 170 | -77 | 177 | 330 | 407 |
| ROE (net income / shareholders' equity) | 9.22% | 6.62% | 15.5% | 14.3% | -1.12% | 4.94% | 10.1% | 10.3% |
| ROA (Net income/ Total Assets) | 1.33% | 1.37% | 4.56% | 5.06% | -0.39% | 1.42% | 3.15% | 3.19% |
| Assets 1 | -8,183 | 70,797 | 6,277 | 9,823 | 81,886 | 6,022 | 6,978 | 8,165 |
| Book Value Per Share 2 | 5.270 | 11.80 | 13.00 | 15.30 | 12.30 | 12.60 | 13.40 | 13.90 |
| Cash Flow per Share 2 | 2.950 | 2.450 | 4.690 | 3.810 | 1.180 | 3.100 | 3.270 | - |
| Capex 1 | 198 | 195 | 272 | 428 | 261 | 393 | 323 | 308 |
| Capex / Sales | 7.49% | 7.07% | 7.61% | 12.39% | 9.16% | 12.76% | 9.7% | 8.89% |
| Announcement Date | 2/25/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
17.48
USD
Average target price
17.88
USD
Spread / Average Target
+2.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.45% | 2.76B | |
| +11.47% | 63.22B | |
| -3.47% | 46.34B | |
| +13.72% | 39.97B | |
| +17.83% | 25.46B | |
| +7.27% | 18.68B | |
| -0.57% | 17.24B | |
| -21.73% | 15.81B | |
| +0.22% | 14.9B | |
| -19.10% | 13.74B |
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- Financials Tronox Holdings plc
