Tronox Holdings plc TROX R2K

Basic Materials · Chemicals · United States

https://www.tronox.com

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; high purity pig iron; monazite; feedstock; and titanium tetrachloride products. The company's products are used for the manufacture of paints, coatings, plastics, and paper, as well as various other applications. Tronox Holdings plc was incorporated in 2018 and is based in Stamford, Connecticut.

Market & Price

Market Cap

$1.27B

Current Price

$7.95

High / Low (52W)

$10.42 / $2.84

Beta

0.81

Valuation

Stock P/E

Industry PE

24.80

Forward P/E

PEG Ratio

Book Value

$8.08

Price to Book

0.98

P/S

0.43

EV/EBITDA

20.24

Dividend Yield

2.52%

Profitability & Returns

ROCE

-5.30%

ROE

-30.79%

ROA

-0.77%

Profit Margin

-15.82%

Op Margin

-3.55%

EPS (Latest Qtr)

$-0.65

EPS (TTM)

$-2.92

Balance Sheet & Liquidity

Debt/Equity

2.66

Quick Ratio

0.54

Current Ratio

2.42

Debt

$3.51B

Total Assets

$6.22B

Current Assets

$2.27B

Working Capital

$1.35B

Ownership

Promoter Holding

25.56%

Chg in Prom Hold

FII / Inst Holding

75.11%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$4.68B

Total Revenue (TTM)

$2.92B

EBITDA

$231.00M

Free Cash Flow

$-187.62M

Operating Cash Flow

$24.00M

Shares Outstanding

159.52M

Gross Margin

7.33%

Payout Ratio

15.58%

Growth (CAGR)

Revenue 5Y

-5.68%

Profit 5Y

-64.86%

Revenue (YoY)

3.00%

Earnings (YoY)

PROS

Attractive dividend yield of 2.52%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -5.7% CAGR over 5 years.
Earnings shrank at -64.9% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	TROX Tronox Holdings plc R2K	7.95	-	$1.27B	2.52%	-5.30%	-30.79%	-5.68%	-64.86%
2	LIN Linde plc NDXSPX	497.69	33.00	$230.11B	1.29%	13.07%	18.23%	0.62%	18.48%
3	NEM Newmont Corporation SPX	109.81	14.24	$117.23B	0.95%	22.51%	25.83%	23.91%	583.84%
4	FCX Freeport-McMoRan Inc. SPX	65.71	34.77	$94.46B	0.91%	12.93%	15.63%	4.39%	-14.02%
5	SHW The Sherwin-Williams Company SPX	303.84	29.16	$74.94B	1.05%	20.04%	60.72%	2.10%	8.34%
6	CRH CRH plc SPX	108.79	20.18	$72.69B	1.43%	11.33%	15.81%	4.60%	-1.15%
7	ECL Ecolab Inc. SPX	256.00	34.59	$72.05B	1.14%	14.89%	22.43%	4.26%	23.88%
8	APD Air Products and Chemicals, Inc. SPX	278.62	29.33	$62.04B	2.60%	-0.62%	12.35%	-1.77%	-39.16%
9	NUE Nucor Corporation SPX	250.00	24.80	$56.94B	0.90%	8.80%	12.29%	-7.84%	-38.80%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	378.00M	421.00M	435.00M	464.00M	442.00M	492.00M	456.00M	429.00M	390.00M	791.00M	768.00M	693.00M	722.00M	578.00M	675.00M	783.00M	965.00M	927.00M	870.00M	965.00M	945.00M	895.00M	708.00M	794.00M	662.00M	774.00M	820.00M	-	-	738.00M	731.00M	699.00M	730.00M	760.00M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	639.00M	652.00M	647.00M	691.00M	716.00M
Gross Profit	39.00M	22.00M	-6.00M	38.00M	48.00M	54.00M	63.00M	95.00M	106.00M	125.00M	115.00M	144.00M	121.00M	118.00M	83.00M	100.00M	133.00M	148.00M	175.00M	129.00M	139.00M	178.00M	232.00M	227.00M	244.00M	232.00M	263.00M	232.00M	133.00M	157.00M	94.00M	120.00M	150.00M	-	-	99.00M	79.00M	52.00M	39.00M	44.00M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74.00M	72.00M	70.00M	74.00M	71.00M
Operating Income	-21.00M	-	-31.00M	9.00M	0	-	-3.00M	32.00M	47.00M	-	14.00M	65.00M	53.00M	-	16.00M	-13.00M	48.00M	-	79.00M	49.00M	49.00M	-	69.00M	150.00M	168.00M	69.00M	190.00M	163.00M	62.00M	84.00M	32.00M	41.00M	76.00M	-	-	25.00M	7.00M	-18.00M	-35.00M	-27.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.00M	38.00M	31.00M	-55.00M	24.00M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42.00M	45.00M	48.00M	42.00M	53.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-106.00M	-81.00M	-92.00M	-179.00M	-104.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.00M	4.00M	8.00M	-2.00M	0
Net Income	-60.00M	-90.00M	-93.00M	-52.00M	-37.00M	121.00M	-41.00M	3.00M	-247.00M	0	-44.00M	36.00M	6.00M	-5.00M	-34.00M	-62.00M	-13.00M	0	32.00M	-4.00M	896.00M	45.00M	16.00M	73.00M	111.00M	16.00M	375.00M	121.00M	23.00M	-269.00M	-14.00M	-9.00M	16.00M	-	-	-111.00M	-84.00M	-99.00M	-176.00M	-103.00M
Diluted EPS	-	-	-0.78	-0.42	-0.35	1.00	-	0.02	-2.07	-	-	0.29	0.05	-	-0.27	-0.41	-0.09	-	0.22	-0.03	6.18	-	0.10	0.46	0.70	0.10	2.37	0.77	0.15	-1.72	-0.09	-0.06	0.10	-	-0.19	-0.70	-0.53	-0.63	-	-0.65

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	1.31B	1.70B	1.82B	2.64B	2.76B	-	3.45B	2.85B	3.07B	2.90B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	2.62B	2.39B	2.56B	2.63B
Gross Profit	-	439.00M	264.00M	190.00M	207.00M	19.00M	133.00M	389.00M	498.00M	464.00M	621.00M	-	832.00M	462.00M	515.00M	269.00M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	289.00M	276.00M	296.00M	290.00M
Operating Income	-	302.00M	25.00M	3.00M	0	-201.00M	-53.00M	141.00M	200.00M	95.00M	271.00M	-	543.00M	186.00M	219.00M	-21.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	694.00M	473.00M	515.00M	21.00M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	117.00M	149.00M	157.00M	177.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	308.00M	49.00M	73.00M	-458.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-192.00M	363.00M	127.00M	15.00M
Net Income	-	242.00M	1.13B	-126.00M	-427.00M	-329.00M	-61.00M	-285.00M	-7.00M	-109.00M	969.00M	-	497.00M	-316.00M	-48.00M	-470.00M
Diluted EPS	-	-	11.10	-1.11	-3.74	-	-	-	-0.06	-0.78	6.69	-	3.16	-2.02	-0.31	-2.97
R&D Expense	6.00M	9.00M	9.00M	10.00M	11.00M	11.00M	9.00M	8.00M	11.00M	17.00M	12.00M	13.00M	12.00M	12.00M	14.00M	15.00M

Compounded Sales Growth

5 Years:	-5.68%
1 Year:	3.00%

Compounded Profit Growth

5 Years:	-64.86%
1 Year:	-

Stock Price Performance

1 Year:	+46.23%
6 Months:	+106.51%
3 Months:	+6.89%
1 Month:	-17.23%

Balance Sheet (Annual)

Figures in USD.

Metric	Jan 2011	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	5.51B	5.70B	5.07B	5.03B	4.96B	4.86B	4.64B	5.27B	6.57B	-	6.31B	6.13B	6.04B	6.22B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	1.96B	2.13B	2.15B	2.27B
Cash & Equivalents	142.00M	154.00M	713.00M	1.48B	1.28B	229.00M	248.00M	1.12B	1.03B	302.00M	619.00M	-	164.00M	273.00M	151.00M	199.00M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	1.28B	1.42B	1.55B	1.65B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	377.00M	290.00M	266.00M	289.00M
Total Liabilities	-	-	2.63B	3.26B	3.28B	3.92B	3.81B	3.85B	3.78B	4.35B	4.70B	-	3.90B	4.15B	4.25B	4.77B
Current Liabilities	-	-	467.00M	363.00M	366.00M	548.00M	564.00M	353.00M	300.00M	702.00M	805.00M	-	850.00M	753.00M	874.00M	919.00M
Long Term Debt	-	-	1.60B	2.40B	2.38B	2.91B	2.89B	-	-	-	-	-	2.46B	2.79B	2.76B	3.13B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	2.67B	2.95B	2.99B	3.39B
Total Equity	-	-	2.65B	2.24B	1.61B	998.00M	1.01B	829.00M	683.00M	748.00M	1.70B	-	2.36B	1.94B	1.76B	1.42B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	154.50M	156.79M	157.94M	158.56M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	263.00M	118.00M	337.00M	141.00M	-	-	-	-	-	355.00M	-	598.00M	184.00M	300.00M	60.00M
Investing Cash Flow	-132.00M	-52.00M	-171.00M	-187.00M	-	-	-	-	-	-229.00M	-	-415.00M	-255.00M	-343.00M	-328.00M
Financing Cash Flow	-35.00M	490.00M	614.00M	-132.00M	602.00M	-78.00M	24.00M	-46.00M	-638.00M	214.00M	-	-250.00M	176.00M	-71.00M	321.00M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-428.00M	-261.00M	-370.00M	-341.00M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	170.00M	-77.00M	-70.00M	-281.00M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-67.00M	105.00M	-114.00M	53.00M
Share Buybacks	-	326.00M	0	0	-	-	0	0	288.00M	0	0	50.00M	0	0	-
Dividends Paid	-	61.00M	115.00M	116.00M	117.00M	46.00M	23.00M	23.00M	27.00M	40.00M	65.00M	87.00M	89.00M	80.00M	48.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	10.2%	22.9%	27.4%	17.6%	22.5%	-	24.1%	16.2%	16.8%	9.3%
Operating Margin %	-	-	-	-	-	-	-4.0%	8.3%	11.0%	3.6%	9.8%	-	15.7%	6.5%	7.1%	-0.7%
Net Margin %	-	-	-	-	-	-	-4.7%	-16.8%	-0.4%	-4.1%	35.1%	-	14.4%	-11.1%	-1.6%	-16.2%
ROE %	-	-	42.8%	-5.6%	-26.5%	-33.0%	-6.0%	-34.4%	-1.0%	-14.6%	57.1%	-	21.1%	-16.3%	-2.7%	-33.1%
ROCE %	-	-	0.5%	0.1%	0.0%	-4.5%	-1.2%	3.1%	4.6%	2.1%	4.7%	-	10.0%	3.5%	4.2%	-0.4%

Shareholding Pattern

Insiders

25.56%

Institutions

75.11%

Public Float

100.89%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.14%	11.39M	$90.54M
2	Van Eck Associates Corporation	5.63%	8.98M	$71.41M
3	Charles Schwab Investment Management, Inc.	3.59%	5.73M	$45.57M
4	Primecap Management Company	3.43%	5.48M	$43.55M
5	Dimensional Fund Advisors LP	3.42%	5.46M	$43.38M
6	Vanguard Capital Management LLC	3.25%	5.18M	$41.19M
7	Point72 Asset Management, L.P.	3.04%	4.84M	$38.52M
8	Deutsche Bank AG	2.46%	3.93M	$31.23M
9	Van Lanschot Kempen Investment Management N.V.	2.35%	3.75M	$29.84M
10	Shaw D.E. & Co., Inc.	2.28%	3.64M	$28.96M

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