TRONOX (TROX) AI Stock Analysis

• Market Cap: $629.45M
• Dividend Yield: 8.82%
• Average Volume (3M): 4.04M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.21
• Revenue Growth: -7.81%
• EPS Growth: -334.15%
• Country: US
• Employees: 6,500
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): -0.46
• Shares Outstanding: 158,552,320
• 10 Day Avg. Volume: 4,207,622
• 30 Day Avg. Volume: 4,042,091
• PEG Ratio: 0.39
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 0.52
• P/FCF Ratio: -22.70
• Enterprise Value/Market Cap: 6.26
• Enterprise Value/Revenue: 1.39
• Enterprise Value/Gross Profit: 11.36
• Enterprise Value/Ebitda: 19.41
• 1Y Price Target: $3.80
• Price Target Upside: 20.63% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7
• EPS Forecast (FY): -1.09
• Revenue Forecast (FY): $2.87B

• Rating: 46 Neutral
• Price Target: $4.00 ▲(26.98% Upside)

TRONOX's overall stock score reflects significant financial challenges, with declining revenue and profitability, high leverage, and cash flow constraints. Technical analysis indicates a bearish trend, and valuation concerns persist due to negative earnings. However, the high dividend yield and potential future growth opportunities provide some positive aspects.

Positive Factors

Cost Improvement Program

The cost improvement program enhances operational efficiency and profitability, providing a durable competitive advantage by reducing costs and improving margins.

Antidumping Measures

Antidumping measures improve market penetration and competitive positioning by reducing unfair competition, potentially boosting long-term revenue.

Opportunities in Rare Earths

The focus on rare earths leverages existing mining capabilities, potentially diversifying revenue streams and enhancing growth prospects in a high-demand sector.

Negative Factors

Revenue Decline

Significant revenue decline indicates weakening demand and pricing pressures, challenging the company's ability to maintain market share and profitability.

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth and weather economic downturns.

Cash Flow Constraints

Cash flow constraints limit the company's ability to fund operations and growth initiatives, posing a risk to long-term financial stability and strategic investments.

TRONOX Business Overview & Revenue Model

Company Description

TRONOX Holdings plc is a global leader in the mining, production, and marketing of titanium dioxide (TiO2) pigments, which are essential for providing whiteness and opacity in a wide range of products. The company operates in the chemicals sector, with a strong focus on sustainability and innovation. TRONOX's core products include a variety of TiO2 pigments used in paints, coatings, plastics, and other applications, as well as zircon, a mineral used in ceramics and other industries. With a vertically integrated business model, TRONOX manages the entire supply chain from mineral extraction to pigment manufacturing.

How the Company Makes Money

TRONOX generates revenue primarily through the sale of titanium dioxide pigments, which account for a significant portion of its income. The company benefits from a vertically integrated model, allowing it to control costs and improve margins by processing its own raw materials. Key revenue streams include sales to various end markets such as paints, coatings, and plastics, which are driven by demand in construction, automotive, and consumer goods sectors. Additionally, TRONOX produces and sells zircon, contributing to its revenue diversification. Significant partnerships with major industrial players and a focus on sustainable practices enhance its market position and profitability.

TRONOX Financial Statement Overview

Summary

TRONOX is experiencing significant financial distress, with declining revenue and profitability, negative margins, high leverage, and cash flow constraints. These factors indicate operational inefficiencies and financial instability.

Income Statement

TRONOX's income statement reveals significant challenges, with a notable decline in revenue growth rate of -27.24% TTM, indicating a contraction in sales. The gross profit margin has decreased to 14.04% TTM, reflecting reduced profitability. The net profit margin is negative at -8.48% TTM, highlighting ongoing losses. EBIT and EBITDA margins have also deteriorated, with EBIT margin turning negative. These factors suggest declining operational efficiency and profitability.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 1.94 TTM, indicating significant leverage and potential financial risk. Return on equity is negative at -14.30% TTM, reflecting poor returns for shareholders. The equity ratio stands at 24.77% TTM, suggesting moderate reliance on equity financing. Overall, the balance sheet indicates financial instability and high leverage.

Cash Flow

Cash flow analysis reveals a concerning decline in free cash flow growth rate of -7.26% TTM, indicating cash flow challenges. The operating cash flow to net income ratio is 0.15 TTM, showing limited cash generation relative to net income. The free cash flow to net income ratio is negative, reflecting cash flow deficits. These metrics suggest cash flow constraints and potential liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.84B	3.07B	2.85B	3.45B	3.57B	2.76B
Gross Profit	347.00M	515.00M	462.00M	832.00M	895.00M	621.00M
EBITDA	203.00M	525.00M	473.00M	714.00M	840.00M	597.00M
Net Income	-324.00M	-48.00M	-316.00M	497.00M	286.00M	969.00M
Balance Sheet
Total Assets	6.30M	6.04B	6.13B	6.31B	5.99B	6.57B
Cash, Cash Equivalents and Short-Term Investments	185.00K	151.00M	273.00M	164.00M	228.00M	648.00M
Total Debt	271.00K	2.99B	2.95B	2.67B	2.66B	3.40B
Total Liabilities	4.71M	4.25B	4.15B	3.90B	3.94B	4.70B
Stockholders Equity	1.56M	1.76B	1.94B	2.36B	1.99B	1.70B
Cash Flow
Free Cash Flow	-369.00M	-70.00M	-77.00M	170.00M	468.00M	160.00M
Operating Cash Flow	21.00M	300.00M	184.00M	598.00M	740.00M	355.00M
Investing Cash Flow	-372.00M	-343.00M	-255.00M	-415.00M	-269.00M	-229.00M
Financing Cash Flow	371.00M	-71.00M	176.00M	-250.00M	-877.00M	214.00M

TRONOX Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.15
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 3.15 is below the 20-day moving average (MA) of 3.35, below the 50-day MA of 3.68, and below the 200-day MA of 4.94, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 61.58 is Neutral, neither overbought nor oversold. The STOCH value of 84.17 is Negative, 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
WLKP	67 Neutral	$671.79M	13.66	9.61%	9.89%	-0.82%	-20.35%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LXU	60 Neutral	$587.07M	-769.81	-0.13%	―	12.49%	95.48%
HUN	54 Neutral	$1.75B	―	-10.65%	13.48%	-3.46%	-191.77%
ASIX	53 Neutral	$405.38M	7.85	6.62%	4.24%	-5.05%	35.01%
BAK	47 Neutral	$1.15B	―	―	―	-10.68%	36.31%
TROX	46 Neutral	$629.45M	―	-18.65%	8.82%	-7.81%	-334.15%

TRONOX Corporate Events

Tronox Faces Challenges in Q3 2025, Eyes Recovery

Tronox Holdings plc is a leading global producer of titanium dioxide products and zircon, known for its integrated production model and extensive mining operations across six continents. The company recently reported its third-quarter 2025 financial results, highlighting a challenging period marked by decreased revenue and a net loss. Despite these setbacks, Tronox is implementing strategic measures to improve its financial standing.

Tronox Declares Quarterly Cash Dividend Announcement

On October 29, 2025, Tronox Holdings plc announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share. This dividend is scheduled to be paid on January 6, 2026, to shareholders who are recorded by the close of business on November 10, 2025. This announcement reflects Tronox’s ongoing commitment to returning value to its shareholders and may enhance its attractiveness to investors, reinforcing its position in the titanium dioxide industry.

The most recent analyst rating on (TROX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on TRONOX stock, see the TROX Stock Forecast page.

Tronox Closes $400 Million Senior Secured Notes Offering

On September 26, 2025, Tronox Incorporated, a subsidiary of Tronox Holdings plc, successfully closed an offering of $400 million in senior secured notes due 2030. This financial maneuver is designed to strengthen the company’s capital structure, with the notes being guaranteed by Tronox and its restricted subsidiaries. The issuance of these notes, which are not registered under the Securities Act, provides Tronox with strategic financial flexibility, allowing for potential redemptions and adjustments based on market conditions and company performance. This move may impact Tronox’s operational strategies and its positioning within the industry, offering stakeholders insights into the company’s financial planning and risk management.

The most recent analyst rating on (TROX) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on TRONOX stock, see the TROX Stock Forecast page.

Tronox Announces Senior Secured Notes Offering

On September 15, 2025, Tronox Incorporated, a subsidiary of Tronox Holdings plc, announced an offering of senior secured notes due in 2030. The proceeds from this offering are intended to repay existing borrowings under the company’s credit facilities and cover related fees and expenses, with any remaining funds used for general corporate purposes. The notes will be offered to qualified institutional buyers and certain offshore investors, but will not be registered under the Securities Act, limiting their sale in the United States. This move is part of Tronox’s financial strategy to manage its debt and optimize its capital structure.

The most recent analyst rating on (TROX) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on TRONOX stock, see the TROX Stock Forecast page.

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.

The most recent analyst rating on (TROX) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on TRONOX stock, see the TROX Stock Forecast page.