Financials Tronox Holdings plc

Equities

TROX

GB00BJT16S69

Specialty Chemicals

Market Closed - Nyse 01:30:02 01/06/2024 am IST 5-day change 1st Jan Change
19.81 USD +0.41% Intraday chart for Tronox Holdings plc +4.32% +39.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,620 2,099 3,697 2,118 2,220 3,127 - -
Enterprise Value (EV) 1 4,344 4,801 6,045 4,492 4,771 5,595 5,384 5,196
P/E ratio -14.6 x - 13.3 x 4.34 x - - 15.2 x 13.2 x
Yield 1.58% 1.92% 1.5% 3.65% - 1.26% 1.26% 1.26%
Capitalization / Revenue 0.61 x 0.76 x 1.04 x 0.61 x 0.78 x 0.97 x 0.91 x 0.88 x
EV / Revenue 1.64 x 1.74 x 1.69 x 1.3 x 1.67 x 1.74 x 1.56 x 1.46 x
EV / EBITDA 7.06 x 7.19 x 6.38 x 5.13 x 9.11 x 8.8 x 6.96 x 6.28 x
EV / FCF 20.3 x 30 x 12.9 x 26.4 x -62 x 35.9 x 20.2 x 16.9 x
FCF Yield 4.93% 3.33% 7.74% 3.78% -1.61% 2.79% 4.94% 5.91%
Price to Book 2.17 x 1.24 x 1.86 x 0.9 x 1.15 x 1.57 x 1.45 x 1.36 x
Nbr of stocks (in thousands) 1,41,889 1,43,557 1,53,867 1,54,465 1,56,794 1,57,839 - -
Reference price 2 11.42 14.62 24.03 13.71 14.16 19.81 19.81 19.81
Announcement Date 25/02/20 17/02/21 16/02/22 15/02/23 15/02/24 - - -
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 3,220 3,441 3,555
EBITDA 1 615 668 947 875 524 636 773.3 827.1
EBIT 1 303 334 619 580 249 338.3 469.1 528.8
Operating Margin 11.47% 12.11% 17.33% 16.79% 8.74% 10.5% 13.63% 14.88%
Earnings before Tax (EBT) 1 - - - 308 49 174.8 313.4 353.5
Net income 1 -109 969 286 497 -316 99.25 225.8 255.3
Net margin -4.13% 35.13% 8.01% 14.39% -11.09% 3.08% 6.56% 7.18%
EPS -0.7800 - 1.810 3.160 - - 1.300 1.500
Free Cash Flow 1 214 160 468 170 -77 156 266 307
FCF margin 8.1% 5.8% 13.1% 4.92% -2.7% 4.84% 7.73% 8.64%
FCF Conversion (EBITDA) 34.8% 23.95% 49.42% 19.43% - 24.53% 34.4% 37.12%
FCF Conversion (Net income) - 16.51% 163.64% 34.21% - 157.17% 117.8% 120.24%
Dividend per Share 2 0.1800 0.2800 0.3600 0.5000 - 0.2500 0.2500 0.2500
Announcement Date 25/02/20 17/02/21 16/02/22 15/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 884 965 945 895 649 708 794 662 686 774 860 812.6 799.2 850.6 926.9
EBITDA 1 233 240 275 247 113 146 168 116 94 131 169.9 180 165.9 187.5 225.9
EBIT 1 155 154 190 163 40 62 84 32 25 59 97.96 105.3 96.02 108.6 147.1
Operating Margin 17.53% 15.96% 20.11% 18.21% 6.16% 8.76% 10.58% 4.83% 3.64% 7.62% 11.39% 12.96% 12.02% 12.77% 15.86%
Earnings before Tax (EBT) 1 104 34 152 141 -19 34 53 -6 -32 2 47 45 48 - -
Net income 1 83 16 375 121 -15 23 -269 -14 -56 -9 36 35 38 - -
Net margin 9.39% 1.66% 39.68% 13.52% -2.31% 3.25% -33.88% -2.11% -8.16% -1.16% 4.19% 4.31% 4.75% - -
EPS 2 0.5200 0.1000 2.370 0.7700 -0.0900 0.1500 -1.720 -0.0900 -0.3600 -0.0600 0.2300 0.2300 0.2400 - -
Dividend per Share 0.1000 0.1250 0.1250 0.1250 0.1250 0.1250 0.1250 - - - - - - - -
Announcement Date 16/02/22 27/04/22 27/07/22 26/10/22 15/02/23 26/04/23 26/07/23 25/10/23 15/02/24 01/05/24 - - - - -
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 2,468 2,258 2,069
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.429 x 4.045 x 2.479 x 2.713 x 4.868 x 3.881 x 2.919 x 2.502 x
Free Cash Flow 1 214 160 468 170 -77 156 266 307
ROE (net income / shareholders' equity) 9.22% 6.62% 15.5% 14.3% -1.12% 5.63% 10.9% 10.4%
ROA (Net income/ Total Assets) 1.33% 1.37% 4.56% 5.06% -0.39% 1.86% 3.71% 3.48%
Assets 1 -8,183 70,797 6,277 9,823 81,886 5,331 6,092 7,339
Book Value Per Share 2 5.270 11.80 13.00 15.30 12.30 12.60 13.70 14.50
Cash Flow per Share 2 2.950 2.450 4.690 3.810 1.180 2.370 3.260 2.840
Capex 1 198 195 272 428 261 390 323 308
Capex / Sales 7.49% 7.07% 7.61% 12.39% 9.16% 12.1% 9.37% 8.67%
Announcement Date 25/02/20 17/02/21 16/02/22 15/02/23 15/02/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
19.81 USD
Average target price
20.5 USD
Spread / Average Target
+3.48%
Consensus
  1. Stock Market
  2. Equities
  3. TROX Stock
  4. Financials Tronox Holdings plc