A Business at a Glance
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Trinseo PLC
TSE
Trinseo PLC (TSE) has a 5-year average return on invested capital (ROIC) of -13.4%. This is below average and may indicate limited pricing power.
Trinseo PLC (TSE) has a market capitalization of $9M. It is classified as a small-cap stock.
Yes, Trinseo PLC (TSE) pays a dividend with a trailing twelve-month yield of 13.17%.
Trinseo PLC (TSE) operates in the Plastic Materials, Synth Resins & Nonvulcan Elastomers industry, within the Materials sector.
Trinseo PLC (TSE) reported annual revenue of $3.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Trinseo PLC (TSE) has a net profit margin of -18.3%. The company is currently unprofitable.
Trinseo PLC (TSE) generated $-153 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Item 1. Business The Company Trinseo PLC is a public limited company existing under the laws of Ireland. Trinseo PLC was merged with our former publicly traded parent entity, Trinseo S.A., with Trinseo PLC as the surviving entity. Prior to the formation of Trinseo S.A., our business was wholly owned by The Dow Chemical Company (together with its affiliates, we refer to as “Dow”). Our predecessor business was sold by Dow in 2010 to investment funds advised or managed by affiliates of Bain Capital Partners, LP (the “Dow Separation”), which fully divested its ownership in the Company in 2016. We have been listed on the New York Stock Exchange since June 2014 under the ticker symbol “TSE.” We are a specialty material solutions provider with a focus on partnering with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner. We have leading market positions in many of the markets in which we compete.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 3.0B | 3.5B | 3.7B | 5.0B | 4.8B |
| Net Income | -583M | -546M | -349M | -701M | -431M | 440M |
| EPS | $-16.13 | $-15.24 | $-9.86 | $-19.88 | $-11.99 | $11.12 |
| Free Cash Flow | -279M | -153M | -78M | 79M | -105M | 335M |
| ROIC | -13.7% | -38.8% | -2.7% | -29.6% | -14.3% | 18.3% |
| Gross Margin | 5.6% | 5.6% | 7.6% | 3.9% | 5.5% | 14.5% |
| Debt/Equity | 0.00 | -2.37 | -4.00 | -8.83 | 5.70 | 2.38 |
| Dividends/Share | $0.03 | $0.03 | $0.04 | $0.51 | $1.28 | $0.80 |
| Operating Income | -249M | -254M | -46M | -455M | -364M | 461M |
| Operating Margin | -8.5% | -8.5% | -1.3% | -12.4% | -7.3% | 9.6% |
| ROE | 0.0% | 63.5% | 78.5% | - | -60.1% | 54.9% |
| Shares Outstanding | 37M | 36M | 35M | 35M | 36M | 40M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 5.1B | 4.0B | 3.7B | 4.4B | 4.6B | 3.4B | 2.7B | 4.8B | 5.0B | 3.7B | 3.5B | 3.0B | 2.9B |
| Gross Margin | 5.8% | 11.8% | 15.9% | 14.4% | 11.4% | 8.9% | 11.7% | 14.5% | 5.5% | 3.9% | 7.6% | 5.6% | 5.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 233M | 208M | 239M | 239M | 257M | 277M | 228M | 323M | 399M | 310M | 327M | 417M | 413M |
| EBIT | 112M | 401M | 498M | 525M | 414M | 143M | 150M | 461M | -364M | -455M | -46M | -254M | -249M |
| Op. Margin | 2.2% | 10.1% | 13.4% | 11.8% | 9.0% | 4.2% | 5.5% | 9.6% | -7.3% | -12.4% | -1.3% | -8.5% | -8.5% |
| Net Income | -67M | 134M | 318M | 328M | 293M | 92M | 7.9M | 440M | -431M | -701M | -349M | -546M | -583M |
| Net Margin | -1.3% | 3.4% | 8.6% | 7.4% | 6.3% | 2.7% | 0.3% | 9.1% | -8.7% | -19.1% | -9.9% | -18.3% | -20.0% |
| Non-Recurring | 116K | 8.2M | -6.6M | 17M | 8.8M | 19M | 5.0M | 9.4M | 308M | 414M | 75M | 145M | 145M |
| Returns on Capital | |||||||||||||
| ROIC | 8.0% | 21.6% | 34.4% | 32.7% | 23.0% | 8.5% | 7.0% | 18.3% | -14.3% | -29.6% | -2.7% | -38.8% | -13.7% |
| ROE | -20.2% | 37.4% | 75.8% | 58.5% | 40.5% | 12.8% | 1.3% | 54.9% | -60.1% | N/A | 78.5% | 63.5% | 0.0% |
| ROA | -2.7% | 5.8% | 13.6% | 12.6% | 10.6% | 3.4% | 0.3% | 11.6% | -10.2% | -20.7% | -12.3% | -22.2% | -25.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 117M | 422M | 404M | 391M | 367M | 323M | 255M | 453M | 44M | 149M | -14M | -102M | -225M |
| Free Cash Flow | 19M | 313M | 280M | 244M | 245M | 239M | 189M | 335M | -105M | 79M | -78M | -153M | -279M |
| Owner Earnings | 3.0M | 316M | 290M | 267M | 221M | 218M | 152M | 270M | -212M | -92M | -239M | -404M | -535M |
| CapEx | 99M | 109M | 124M | 147M | 121M | 84M | 67M | 118M | 148M | 70M | 63M | 51M | 54M |
| Maint. CapEx | 104M | 97M | 96M | 111M | 130M | 92M | 93M | 168M | 237M | 221M | 210M | 292M | 305M |
| Growth CapEx | 0 | 12M | 27M | 37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 104M | 97M | 96M | 111M | 130M | 92M | 93M | 168M | 237M | 221M | 210M | 292M | 305M |
| CapEx/OCF | 84.1% | 30.9% | 30.7% | 37.7% | 33.1% | 34.1% | 26.1% | 26.0% | 340.7% | 46.9% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 27M | 58M | 66M | 66M | 62M | 22M | 48M | 18M | 1.7M | 1.2M | 1.2M |
| Dividend Yield | N/A | N/A | 1.6% | 2.4% | 2.6% | 4.5% | 6.4% | 1.0% | 3.7% | 3.4% | 1.2% | N/A | 13.2% |
| Share Buybacks | 0 | 0 | 215M | 89M | 143M | 120M | 25M | 48M | 152M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 9.3% | 3.3% | 8.8% | 9.3% | 1.4% | 2.5% | 20.0% | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 11M | 9.0M | 17M | 14M | 16M | 13M | 11M | 15M | 19M | 20M | 14M | 9.9M | 4.3M |
| Debt Repayment | 57M | 2.5M | 5.0M | 300K | 300K | 11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 989M | 732M | 700M | 739M | 715M | 779M | 582M | 1.8B | 2.2B | 2.1B | 2.3B | 2.5B | 2.7B |
| Cash & Equiv. | 221M | 431M | 465M | 433M | 452M | 456M | 589M | 573M | 212M | 259M | 210M | 147M | 111M |
| Long-Term Debt | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 2.3B | 2.3B | 2.3B | 2.2B | 2.3B | 2.2M |
| Debt/Equity | 3.74 | 2.97 | 2.60 | 1.74 | 1.52 | 1.85 | 1.98 | 2.38 | 5.70 | -8.83 | -4.00 | -2.37 | 0.00 |
| Interest Coverage | 0.9 | 573.3 | 553.6 | 218.8 | 2072.0 | 1425.0 | 748.0 | 4614.0 | -3639.0 | -1138.5 | -153.3 | -847.3 | -847.3 |
| Equity | 324M | 392M | 448M | 675M | 769M | 669M | 590M | 1.0B | 420M | -268M | -620M | -1.1B | -1.2B |
| Total Assets | 2.4B | 2.3B | 2.4B | 2.8B | 2.7B | 2.8B | 2.8B | 4.7B | 3.8B | 3.0B | 2.6B | 2.3B | 2.3B |
| Total Liabilities | 2.0B | 1.9B | 2.0B | 2.1B | 2.0B | 2.1B | 2.3B | 3.7B | 3.3B | 3.3B | 3.3B | 3.4B | 194M |
| Intangibles | 165M | 158M | 177M | 208M | 191M | 192M | 163M | 824M | 772M | 694M | 599M | 493M | 462M |
| Retained Earnings | -149M | -16M | 261M | 528M | 753M | 781M | 739M | 742M | 265M | -443M | -793M | -1.3B | -1.5B |
| Working Capital | 749M | 840M | 891M | 1.0B | 1.1B | 964M | 984M | 1.1B | 701M | 522M | 267M | 150M | -2.3B |
| Current Assets | 1.3B | 1.3B | 1.4B | 1.6B | 1.6B | 1.5B | 1.5B | 2.0B | 1.4B | 1.2B | 988M | 865M | 944M |
| Current Liabilities | 574M | 449M | 542M | 627M | 537M | 528M | 533M | 914M | 689M | 673M | 721M | 715M | 3.2B |
| Per Share Data | |||||||||||||
| EPS | -1.55 | 2.73 | 6.70 | 7.30 | 6.70 | 2.26 | 0.20 | 11.12 | -11.99 | -19.88 | -9.86 | -15.24 | -16.13 |
| Owner EPS | 0.07 | 6.46 | 6.11 | 5.93 | 5.05 | 5.36 | 3.84 | 6.82 | -5.90 | -2.61 | -6.76 | -11.28 | -14.61 |
| Book Value | 7.45 | 8.00 | 9.42 | 15.00 | 17.61 | 16.43 | 14.94 | 25.60 | 11.70 | -7.60 | -17.54 | -30.66 | -33.41 |
| Cash Flow/Share | 2.70 | 8.62 | 8.50 | 8.70 | 8.40 | 7.92 | 6.47 | 11.44 | 1.21 | 4.22 | -0.40 | -2.86 | -7.57 |
| Dividends/Share | N/A | N/A | 0.57 | 1.38 | 1.56 | 1.60 | 1.28 | 0.80 | 1.28 | 0.51 | 0.04 | 0.03 | 0.03 |
| Shares Out. | 43.4M | 48.9M | 47.5M | 45.0M | 43.7M | 40.7M | 39.5M | 39.6M | 35.9M | 35.3M | 35.3M | 35.8M | 36.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 8.0 | 7.3 | 8.2 | 5.5 | 14.0 | 234.3 | 4.4 | N/A | N/A | N/A | N/A | -0.0 |
| P/FCF | 33.2 | 3.4 | 8.3 | 11.0 | 6.6 | 5.4 | 9.8 | 5.8 | N/A | 3.8 | N/A | N/A | N/A |
| EV/EBIT | 14.1 | 4.5 | 6.1 | 6.5 | 5.6 | 13.5 | 16.2 | 7.9 | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.9 | 2.7 | 5.2 | 4.0 | 2.1 | 1.9 | 3.1 | 1.9 | 1.8 | N/A | N/A | N/A | N/A |
| Price/Sales | 0.1 | 0.2 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.1 | 0.0 | N/A | 0.0 |
| FCF Yield | 3.0% | 29.3% | 12.1% | 9.1% | 15.1% | 18.5% | 10.2% | 17.4% | -13.8% | 26.2% | -42.8% | N/A | -3058.1% |
| Market Cap | 617M | 1.1B | 2.3B | 2.7B | 1.6B | 1.3B | 1.9B | 1.9B | 761M | 302M | 181M | 0 | 9.1M |
| Avg. Price | 13.61 | 19.36 | 35.70 | 54.29 | 57.95 | 35.72 | 24.45 | 53.01 | 35.69 | 14.71 | 4.12 | 0.00 | 0.25 |
| Year-End Price | 14.21 | 21.77 | 48.76 | 59.64 | 37.08 | 31.63 | 46.86 | 48.68 | 21.18 | 8.56 | 5.13 | 0.00 | 0.25 |
Trinseo PLC passes 3 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 7.4%. Total shareholder yield (dividends) is 13.2%. At current prices, the estimated annualized return to fair value is -29.8%.
Trinseo PLC (TSE) reported earnings per share (EPS) of $-15.24 in its most recent fiscal year.
Trinseo PLC (TSE) has a return on equity (ROE) of 63.5%. This indicates the company generates strong returns for shareholders.
Trinseo PLC (TSE) has a 5-year average gross margin of 7.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for Trinseo PLC (TSE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Trinseo PLC (TSE) has a book value per share of $-30.66, based on its most recent annual SEC filing.