A Business at a Glance
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Tronox Holdings plc
TROX
$987M
Mkt Cap
$6.24
-2.19%
Tronox Holdings plc (TROX) has a 5-year average return on invested capital (ROIC) of 3.1%. This is below average and may indicate limited pricing power.
Tronox Holdings plc (TROX) has a market capitalization of $995M. It is classified as a small-cap stock.
Yes, Tronox Holdings plc (TROX) pays a dividend with a trailing twelve-month yield of 5.63%.
Tronox Holdings plc (TROX) operates in the Industrial Inorganic Chemicals industry, within the Materials sector.
Tronox Holdings plc (TROX) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Tronox Holdings plc (TROX) has a net profit margin of -16.2%. The company is currently unprofitable.
Tronox Holdings plc (TROX) generated $-281 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Tronox is the world’s leading vertically integrated manufacturer of TiO2 pigment. We operate titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia and South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. Our strategy is to be vertically integrated and produce enough feedstock materials to be as self-sufficient as possible in the production of TiO2 at our seven pigment facilities located in the United States, Australia, Brazil, UK, France, and the Kingdom of Saudi Arabia. We believe that vertical integration is the best way to achieve our ultimate goal of delivering low cost, high-quality pigment to our approximately 1,200 TiO2 customers throughout the world.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 3.1B | 2.9B | 3.5B | 3.6B |
| Net Income | -462M | -470M | -48M | -316M | 497M | 286M |
| EPS | $-2.91 | $-2.97 | $-0.31 | $-2.02 | $3.16 | $1.81 |
| Free Cash Flow | -274M | -281M | -70M | -77M | 170M | 468M |
| ROIC | -4.1% | -10.4% | 2.9% | 2.4% | 10.0% | 10.7% |
| Gross Margin | 7.3% | 9.3% | 16.8% | 16.2% | 24.1% | 25.1% |
| Debt/Equity | 2.56 | 2.39 | 1.70 | 1.52 | 1.13 | 1.33 |
| Dividends/Share | $0.35 | $0.35 | $0.50 | $0.50 | $0.50 | $0.36 |
| Operating Income | -233M | -253M | 219M | 186M | 458M | 577M |
| Operating Margin | -8.0% | -8.7% | 7.1% | 6.5% | 13.3% | 16.2% |
| ROE | -35.8% | -29.6% | -2.6% | -14.7% | 22.8% | 15.5% |
| Shares Outstanding | 160M | 158M | 155M | 156M | 157M | 158M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | 1.3B | 1.7B | 1.8B | 2.6B | 2.8B | 3.6B | 3.5B | 2.9B | 3.1B | 2.9B | 2.9B |
| Gross Margin | N/A | N/A | 10.2% | 22.9% | 27.4% | 17.6% | 22.5% | 25.1% | 24.1% | 16.2% | 16.8% | 9.3% | 7.3% |
| R&D | 11M | 11M | 9.0M | 8.0M | 11M | 17M | 12M | 13M | 12M | 12M | 14M | 15M | 15M |
| SG&A | 192M | 199M | 185M | 249M | 267M | 347M | 347M | 318M | 289M | 276M | 296M | 290M | 287M |
| EBIT | -35M | -201M | -53M | 141M | 200M | 95M | 271M | 577M | 458M | 186M | 219M | -253M | -233M |
| Op. Margin | N/A | N/A | -4.0% | 8.3% | 11.0% | 3.6% | 9.8% | 16.2% | 13.3% | 6.5% | 7.1% | -8.7% | -8.0% |
| Net Income | -427M | -329M | -61M | -285M | -7.0M | -109M | 969M | 286M | 497M | -316M | -48M | -470M | -462M |
| Net Margin | N/A | N/A | -4.7% | -16.8% | -0.4% | -4.1% | 35.1% | 8.0% | 14.4% | -11.1% | -1.6% | -16.2% | -15.8% |
| Non-Recurring | 18M | 75M | 1.0M | 0 | 31M | 3.0M | 3.0M | 0 | 0 | 0 | 0 | 232M | 160M |
| Returns on Capital | |||||||||||||
| ROIC | -1.1% | -8.3% | -1.6% | 4.2% | 4.3% | 3.0% | 22.3% | 10.7% | 10.0% | 2.4% | 2.9% | -10.4% | -4.1% |
| ROE | -22.2% | -25.2% | -6.1% | -31.0% | -0.9% | -15.2% | 79.2% | 15.5% | 22.8% | -14.7% | -2.6% | -29.6% | -35.8% |
| ROA | -7.9% | -6.5% | -1.2% | -5.8% | -0.1% | -2.2% | 16.4% | 4.6% | 8.1% | -5.1% | -0.8% | -7.7% | -7.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 141M | 67M | 84M | 165M | 170M | 412M | 355M | 740M | 598M | 184M | 300M | 60M | 24M |
| Free Cash Flow | -46M | -98M | -2.0M | 74M | 53M | 214M | 160M | 468M | 170M | -77M | -70M | -281M | -274M |
| Owner Earnings | -174M | -208M | -117M | -48M | -46M | 100M | 47M | 440M | 303M | -95M | -6.0M | -262M | -282M |
| CapEx | 187M | 165M | 86M | 91M | 117M | 198M | 195M | 272M | 428M | 261M | 370M | 341M | 298M |
| Maint. CapEx | 295M | 253M | 177M | 182M | 195M | 280M | 304M | 297M | 269M | 275M | 285M | 302M | 306M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159M | 0 | 85M | 39M | 0 |
| D&A | 295M | 253M | 177M | 182M | 195M | 280M | 304M | 297M | 269M | 275M | 285M | 302M | 306M |
| CapEx/OCF | 132.6% | 88.4% | 100.0% | 55.2% | 68.8% | 48.1% | 54.9% | 36.8% | 71.6% | 141.8% | 123.3% | 568.3% | 1241.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 116M | 117M | 46M | 23M | 23M | 27M | 40M | 65M | 87M | 89M | 80M | 48M | 56M |
| Dividend Yield | 6.5% | 11.1% | 7.5% | 1.3% | 1.6% | 2.3% | 3.9% | 2.4% | 3.8% | 4.9% | 3.8% | 5.7% | 5.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 288M | 0 | 0 | 50M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 22.7% | N/A | N/A | 2.8% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 20M | 22M | 24M | 31M | 21M | 32M | 4.0M | 3.0M | 26M | 4.0M | 21M | 20M | 0 |
| Debt Repayment | 20M | 18M | 31M | 2.3B | 606M | 387M | 233M | 3.2B | 516M | 17M | 228M | 29M | 29M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.1B | 2.8B | 2.8B | 2.0B | 2.1B | 2.8B | 2.7B | 2.4B | 2.5B | 2.7B | 2.8B | 3.2B | 3.2B |
| Cash & Equiv. | 1.3B | 229M | 248M | 1.1B | 1.0B | 302M | 619M | 228M | 164M | 273M | 151M | 199M | 126M |
| Long-Term Debt | 2.4B | 2.9B | 2.9B | 3.1B | 3.1B | 3.0B | 3.3B | 2.6B | 2.5B | 2.8B | 2.8B | 3.1B | 3.1B |
| Debt/Equity | 1.49 | 3.08 | 3.03 | 3.77 | 4.60 | 4.13 | 1.97 | 1.33 | 1.13 | 1.52 | 1.70 | 2.39 | 2.56 |
| Interest Coverage | -0.3 | -1.3 | -0.3 | 0.8 | 1.0 | 0.5 | 1.4 | 3.7 | 3.7 | 1.2 | 1.3 | -1.4 | -1.4 |
| Equity | 1.6B | 998M | 1.0B | 829M | 683M | 748M | 1.7B | 2.0B | 2.4B | 1.9B | 1.8B | 1.4B | 1.3B |
| Total Assets | 5.1B | 5.0B | 5.0B | 4.9B | 4.6B | 5.3B | 6.6B | 6.0B | 6.3B | 6.1B | 6.0B | 6.2B | 6.1B |
| Total Liabilities | 3.3B | 3.9B | 3.8B | 3.8B | 3.8B | 4.4B | 4.7B | 3.9B | 3.9B | 4.2B | 4.2B | 4.8B | 4.7B |
| Intangibles | 272M | 244M | 223M | 198M | 176M | 208M | 201M | 217M | 250M | 243M | 244M | 214M | 208M |
| Retained Earnings | 529M | 93M | -19M | -327M | -357M | -493M | 434M | 663M | 1.1B | 684M | 555M | 30M | -73M |
| Working Capital | 2.0B | 753M | 2.2B | 2.3B | 2.2B | 1.4B | 1.7B | 1.2B | 1.1B | 1.4B | 1.3B | 1.3B | 1.3B |
| Current Assets | 2.4B | 1.3B | 2.7B | 2.6B | 2.5B | 2.1B | 2.5B | 2.0B | 2.0B | 2.1B | 2.2B | 2.3B | 2.2B |
| Current Liabilities | 366M | 548M | 564M | 353M | 300M | 702M | 805M | 822M | 850M | 753M | 874M | 919M | 895M |
| Per Share Data | |||||||||||||
| EPS | -3.74 | -2.84 | -0.52 | -2.39 | -0.06 | -0.78 | 6.69 | 1.81 | 3.16 | -2.02 | -0.31 | -2.97 | -2.91 |
| Owner EPS | -1.52 | -1.80 | -1.00 | -0.40 | -0.39 | 0.72 | 0.32 | 2.78 | 1.93 | -0.61 | -0.04 | -1.66 | -1.77 |
| Book Value | 14.10 | 8.61 | 8.60 | 6.95 | 5.85 | 5.35 | 11.72 | 12.62 | 14.99 | 12.38 | 11.37 | 8.96 | 8.08 |
| Cash Flow/Share | 1.23 | 0.58 | 0.72 | 1.38 | 1.46 | 2.95 | 2.45 | 4.68 | 3.80 | 1.18 | 1.94 | 0.38 | -0.98 |
| Dividends/Share | 1.02 | 1.01 | 0.39 | 0.19 | 0.20 | 0.18 | 0.28 | 0.36 | 0.50 | 0.50 | 0.50 | 0.35 | 0.35 |
| Shares Out. | 114.2M | 115.8M | 117.3M | 119.2M | 116.7M | 139.7M | 144.8M | 158.0M | 157.3M | 156.4M | 154.8M | 158.2M | 159.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 1.8 | 10.8 | 3.6 | N/A | N/A | N/A | -2.1 |
| P/FCF | N/A | N/A | N/A | 25.9 | 13.3 | 5.9 | 10.7 | 6.6 | 10.5 | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | 19.9 | 8.9 | 38.8 | 14.0 | 9.0 | 8.7 | 23.2 | 18.3 | N/A | N/A |
| Price/Book | 1.1 | 0.4 | 0.9 | 2.3 | 1.0 | 1.7 | 1.0 | 1.5 | 0.8 | 1.0 | 0.8 | 0.5 | 0.8 |
| Price/Sales | 1.0 | 0.5 | 0.5 | 1.0 | 0.8 | 0.4 | 0.4 | 0.8 | 0.7 | 0.6 | 0.7 | 0.3 | 0.3 |
| FCF Yield | -2.6% | -26.7% | -0.2% | 3.9% | 7.5% | 16.9% | 9.4% | 15.2% | 9.5% | -3.8% | -4.8% | -41.7% | -27.5% |
| Market Cap | 1.8B | 367M | 958M | 1.9B | 706M | 1.3B | 1.7B | 3.1B | 1.8B | 2.0B | 1.5B | 674M | 995M |
| Avg. Price | 15.73 | 9.14 | 5.22 | 14.39 | 12.69 | 8.28 | 7.00 | 17.24 | 14.40 | 11.73 | 13.45 | 5.35 | 6.24 |
| Year-End Price | 15.58 | 3.18 | 8.17 | 16.10 | 6.05 | 9.07 | 11.77 | 19.48 | 11.36 | 12.97 | 9.37 | 4.26 | 6.24 |
Tronox Holdings plc passes 3 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 3.1% with a gross margin of 18.3%. Total shareholder yield (dividends) is 5.6%. At current prices, the estimated annualized return to fair value is -35.4%.
Tronox Holdings plc (TROX) has a debt-to-equity ratio of 2.39. This indicates higher leverage, which may increase financial risk.
Tronox Holdings plc (TROX) reported earnings per share (EPS) of $-2.97 in its most recent fiscal year.
Tronox Holdings plc (TROX) has a return on equity (ROE) of -29.6%. A negative ROE may indicate losses or negative equity.
Tronox Holdings plc (TROX) has a 5-year average gross margin of 18.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for Tronox Holdings plc (TROX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Tronox Holdings plc (TROX) has a book value per share of $8.96, based on its most recent annual SEC filing.