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Tronox Holdings PLC (TROX)



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Upturn Advisory Summary
04/01/2025: TROX (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -38.52% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.15B USD | Price to earnings Ratio - | 1Y Target Price 11.94 |
Price to earnings Ratio - | 1Y Target Price 11.94 | ||
Volume (30-day avg) 2128609 | Beta 1.63 | 52 Weeks Range 6.59 - 19.99 | Updated Date 04/1/2025 |
52 Weeks Range 6.59 - 19.99 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 7.10% | Basic EPS (TTM) -0.31 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.56% | Operating Margin (TTM) 7.25% |
Management Effectiveness
Return on Assets (TTM) 2.26% | Return on Equity (TTM) -2.86% |
Valuation
Trailing PE - | Forward PE 11.61 | Enterprise Value 3987850014 | Price to Sales(TTM) 0.37 |
Enterprise Value 3987850014 | Price to Sales(TTM) 0.37 | ||
Enterprise Value to Revenue 1.3 | Enterprise Value to EBITDA 7.74 | Shares Outstanding 157938000 | Shares Floating 117381143 |
Shares Outstanding 157938000 | Shares Floating 117381143 | ||
Percent Insiders 25.52 | Percent Institutions 74.84 |
Analyst Ratings
Rating 3.88 | Target Price 15 | Buy 3 | Strong Buy 2 |
Buy 3 | Strong Buy 2 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Tronox Holdings PLC

Company Overview
History and Background
Tronox Holdings PLC was formed in 2019 following the spin-off of the titanium dioxide (TiO2) business from Cristal. It focuses on the mining, production, and marketing of TiO2 pigment.
Core Business Areas
- Titanium Dioxide (TiO2) Pigment: Production and sale of TiO2 pigment, used in coatings, plastics, and paper.
- Tronox Alkali: Production and sale of natural soda ash, used in the production of glass, detergents, and chemicals.
- Mineral Sands: Mining and beneficiation of titanium-bearing mineral sands.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure is divided into business segments based on product lines.
Top Products and Market Share
Key Offerings
- TiO2 Pigment: Tronox produces TiO2 used in various applications. Market share is estimated to be in the top 3 globally, with competitors like Chemours (CC), Venator (VNTR), and Lomon Billions. Revenue from TiO2 is a substantial portion of their overall income, however precise revenue figure dedicated to TiO2 can't be publicly found.
- Soda Ash: Tronox produces and sells soda ash. Market share is significant in North America. Competitors include Genesis Energy, L.P. (GEL). Precise figures for soda ash market share are not publicly available.
Market Dynamics
Industry Overview
The titanium dioxide industry is cyclical and influenced by global economic conditions, construction activity, and consumer spending. The soda ash market is driven by glass manufacturing and chemical production.
Positioning
Tronox is a vertically integrated producer, controlling much of its raw material supply chain. This provides a cost advantage compared to competitors that rely on external sources for feedstock.
Total Addressable Market (TAM)
The global TiO2 market is estimated to be several billion dollars. Tronox is positioned to capture a significant portion of this TAM through its production capacity and market presence.
Upturn SWOT Analysis
Strengths
- Vertically integrated operations
- Global production footprint
- Low-cost producer of TiO2
- Strong customer relationships
Weaknesses
- Cyclical industry
- Exposure to raw material price fluctuations
- Debt burden
- Environmental Liabilities
Opportunities
- Increasing demand for TiO2 in emerging markets
- Expansion of soda ash production
- Strategic acquisitions
- Technological innovation in TiO2 production
Threats
- Economic downturns
- Increased competition
- Environmental regulations
- Fluctuations in currency exchange rates
Competitors and Market Share
Key Competitors
- CC
- VNTR
Competitive Landscape
Tronox's vertical integration provides a cost advantage. Competitors may focus on niche markets or specific geographical regions.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Tronox's growth is tied to the cyclical nature of the TiO2 market. Periods of strong demand have driven revenue growth.
Future Projections: Analyst estimates vary based on market conditions and company-specific initiatives.
Recent Initiatives: Focus on operational efficiency, cost reduction, and expansion of capacity.
Summary
Tronox is a major player in the TiO2 market due to its vertical integration and cost-effective production. The cyclical nature of the industry poses challenges, while growth in emerging markets and strategic acquisitions present opportunities. The debt load needs monitoring, and environmental regulations will continue to play a crucial role in their operations. Overall, it's a mixed bag of opportunities and risks for the company's sustained growth.
Similar Companies

CC

Chemours Co



CC

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GEL

Genesis Energy LP



GEL

Genesis Energy LP
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Financial news sources
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tronox Holdings PLC
Exchange NYSE | Headquaters Stamford, CT, United States | ||
IPO Launch date 2005-11-22 | CEO & Director Mr. John D. Romano | ||
Sector Basic Materials | Industry Chemicals | Full time employees 6500 | Website https://www.tronox.com |
Full time employees 6500 | Website 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.
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