TRONOX (TROX) AI Stock Analysis

• Market Cap: $662.63M
• Dividend Yield: 9.49%
• Average Volume (3M): 5.35M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.08
• Revenue Growth: 0.20%
• EPS Growth: -292.54%
• Country: US
• Employees: 6,500
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Chemicals
• EPS (TTM): -0.28
• Shares Outstanding: 158,524,630
• 10 Day Avg. Volume: 3,276,281
• 30 Day Avg. Volume: 5,354,484
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 5.88
• Enterprise Value/Revenue: 1.32
• Enterprise Value/Gross Profit: 9.62
• Enterprise Value/Ebitda: 13.16
• 1Y Price Target: $4.23
• Price Target Upside: -5.58% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 45 Neutral
• Price Target: $4.00 ▼(-10.71% Downside)

Tronox's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. While the company is taking steps to improve cost efficiency and liquidity, significant challenges remain, including declining revenues and high leverage. The high dividend yield offers some appeal, but the negative P/E ratio and market conditions pose substantial risks.

Positive Factors

Cost Opportunities

Tronox has cost/benefit opportunities totaling about $230 million that could reduce earnings risk and potentially lead to earnings growth.

Stock Upgrade

Analyst upgrades Tronox to Overweight from Neutral, reflecting a belief in the company's potential for growth and recovery.

Tariff Benefits

Tronox is expected to benefit from tariffs placed on Chinese titanium dioxide exports, potentially leading to market share gains and price improvements.

Negative Factors

Dividend Risk

High leverage of the company puts the dividend at risk.

Financial Performance

Despite efforts to improve, the company's net debt to EBITDA ratio is expected to increase, reflecting financial strain.

Market Demand Challenges

The demand environment remains challenged owing to weak US housing, soft China construction markets, and listless demand in Europe.

TRONOX Business Overview & Revenue Model

Company Description

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; feedstock; pig iron; titanium tetrachloride; and other 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 is based in Stamford, Connecticut.

How the Company Makes Money

TRONOX generates revenue primarily through the sale of titanium dioxide pigments, which are used to impart whiteness and opacity to products across multiple industries. The company operates a vertically integrated business model, controlling the entire supply chain from raw material extraction to final product delivery. Key revenue streams include sales of TiO2 pigments, mineral sands, and zircon products. Additionally, TRONOX benefits from strong partnerships with leading manufacturers in the coatings and plastics sectors, enhancing its market position. The company also capitalizes on price fluctuations in the titanium dioxide market, which can significantly impact its earnings based on supply and demand dynamics.

TRONOX Financial Statement Overview

Summary

Tronox faces significant financial challenges, marked by negative profitability metrics, high leverage, and declining operational cash flow. The company needs to address these issues to improve financial health and investor confidence in the volatile chemicals industry.

Income Statement

The company shows a negative net profit margin due to recurring net losses, which is a major concern. The gross profit margin and EBIT margin have been declining, indicating reduced operational efficiency. Revenue growth is inconsistent and has been decreasing in recent years.

Balance Sheet

The debt-to-equity ratio is high, indicating significant leverage, which poses financial risk. The equity ratio is moderate, but the declining stockholders' equity suggests weakening financial stability. Return on equity has been negative due to net losses.

Cash Flow

Operating cash flow is positive but not sufficient to cover capital expenditures, resulting in negative free cash flow. The free cash flow to net income ratio is unfavorable, highlighting cash management issues. Cash flow from operations is declining, reducing financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.95B	3.07B	2.85B	3.45B	3.57B	2.76B
Gross Profit	405.00M	515.00M	462.00M	832.00M	895.00M	621.00M
EBITDA	296.00M	525.00M	473.00M	714.00M	840.00M	619.00M
Net Income	-250.00M	-48.00M	-316.00M	497.00M	286.00M	969.00M
Balance Sheet
Total Assets	6.19M	6.04B	6.13B	6.31B	5.99B	6.57B
Cash, Cash Equivalents and Short-Term Investments	132.00K	151.00M	273.00M	164.00M	228.00M	619.00M
Total Debt	443.00K	2.99B	2.95B	2.67B	2.66B	3.40B
Total Liabilities	4.51M	4.25B	4.15B	3.90B	3.94B	4.70B
Stockholders Equity	1.65M	1.76B	1.94B	2.36B	1.99B	1.70B
Cash Flow
Free Cash Flow	-49.20M	-70.00M	-77.00M	170.00M	468.00M	160.00M
Operating Cash Flow	169.00M	300.00M	184.00M	598.00M	740.00M	355.00M
Investing Cash Flow	-383.00M	-343.00M	-255.00M	-415.00M	-269.00M	-229.00M
Financing Cash Flow	149.00M	-71.00M	176.00M	-250.00M	-877.00M	214.00M

TRONOX Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TROX, the sentiment is Neutral. The current price of 4.48 is above the 20-day moving average (MA) of 3.92, below the 50-day MA of 4.56, and below the 200-day MA of 6.79, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 56.71 is Neutral, neither overbought nor oversold. The STOCH value of 75.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TROX.

TRONOX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASIX	73 Outperform	$564.80M	7.29	9.85%	3.02%	1.31%	796.76%
WLKP	71 Outperform	$769.96M	14.71	10.28%	8.63%	-7.24%	-7.30%
Sector *	62 Neutral	$10.28B	6.21	0.76%	2.84%	3.10%	-36.03%
HUN	59 Neutral	$1.92B	―	-10.43%	9.07%	-1.56%	-259.58%
DOW	51 Neutral	$16.95B	75.91	-5.59%	10.00%	-2.82%	-186.41%
CE	47 Neutral	$5.08B	6.84	-25.69%	1.70%	-5.83%	-183.85%
TROX	45 Neutral	$662.63M	―	-14.11%	9.49%	0.20%	-292.54%

TRONOX Corporate Events

Tronox Director Julie Beck Announces Resignation

On August 15, 2025, Julie Beck, a member of the Board of Directors and Audit Committee of Tronox Holdings plc, announced her resignation effective September 30, 2025. Her departure is due to her new role as Senior Vice President, Chief Financial Officer, and Treasurer at MSA Safety Incorporated, requiring significant time commitments. Her resignation is not related to any disagreements with Tronox’s operations, policies, or practices.