Trinseo (TSE) AI Stock Analysis

• Market Cap: $16.20M
• Dividend Yield: 8.42%
• Average Volume (3M): 698.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.24
• Revenue Growth: -11.20%
• EPS Growth: 17.76%
• Country: US
• Employees: 2,950
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): -2.41
• Shares Outstanding: 35,993,587
• 10 Day Avg. Volume: 1,054,494
• 30 Day Avg. Volume: 698,333
• PEG Ratio: 0.01
• Price to Book (P/B): -0.29
• Price to Sales (P/S): 0.05
• P/FCF Ratio: -2.09
• Enterprise Value/Market Cap: 153.57
• Enterprise Value/Revenue: 0.79
• Enterprise Value/Gross Profit: 12.83
• Enterprise Value/Ebitda: 24.06
• 1Y Price Target: $1.00
• Price Target Upside: 1.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $0.44 ▼(-55.66% Downside)

The score is primarily held down by weak financial performance—loss-making margins and a highly concerning balance sheet with negative equity—alongside bearish technicals (below key moving averages and negative MACD). Offsetting factors include improving free cash flow metrics, constructive (but mixed) guidance for positive Q4 free cash flow, and a high dividend yield, though corporate events add delisting and restructuring-risk pressure.

Positive Factors

Improving Free Cash Flow

A large TTM improvement in free cash flow and FCF exceeding net losses provide durable liquidity support. Strong FCF generation improves ability to fund operations, service debt, and execute restructuring over the next several quarters despite current operating losses.

Near-term Cash and EBITDA Guidance

Management’s guidance for positive Q4 adjusted EBITDA and free cash flow signals operational progress and that cost actions and inventory controls are expected to yield tangible cash earnings within months, supporting financial stability through the restructuring period.

Shift to Higher-Margin & Growth End-Markets

Rising volumes in formulated PMMA, engineered materials, and battery binders reflect durable end-market demand and an improving product mix. Sustained growth in higher-margin and recycled-content products should support margin recovery and resilience across cycles.

Negative Factors

Negative Stockholders' Equity

Negative shareholder equity indicates structural solvency risk and constrains flexibility for investment or absorbing shocks. Over the next several months this heightens refinancing, covenant, and stakeholder negotiation pressure unless deleveraging or recapitalization occurs.

Weak Profitability and Revenue Decline

Persistently negative net margins and low gross margin with falling revenue signal fundamental margin and demand challenges. Without sustained volume growth or structural margin improvement, earnings and cash generation may remain volatile despite cost actions.

NYSE Non-Compliance / Listing Risk

Formal NYSE non-compliance raises material governance and capital-structure risks. Potential suspension or delisting would reduce strategic options, complicate access to equity capital and stakeholder negotiations during an already sensitive restructuring period.

Trinseo Business Overview & Revenue Model

Company Description

Trinseo (TSE) is a global materials company and manufacturer of plastics, latex binders, and synthetic rubber. The company operates primarily in the plastics and rubber sectors, providing innovative solutions that cater to various industries including automotive, electronics, consumer goods, and construction. Trinseo's core products include styrenics, polycarbonate, and specialty polymers, which are designed to enhance performance and sustainability in applications ranging from packaging to automotive components.

How the Company Makes Money

Trinseo generates revenue through the sale of its diverse product portfolio, primarily focusing on specialty plastics and rubber solutions. The company's revenue model is driven by both volume sales and strategic pricing of its materials. Key revenue streams include the production and sale of styrene-based products, polycarbonate resins, and engineered materials, which are essential in sectors such as automotive and consumer goods. Additionally, Trinseo has established significant partnerships with major manufacturers and distributors, enhancing its market reach and operational efficiencies. The company also benefits from ongoing investments in research and development to innovate and expand its product offerings, contributing to its competitive edge and profitability.

Trinseo Financial Statement Overview

Summary

Weak profitability and leverage dominate the picture: declining revenue, negative net margin (-13.15%), and negative EBIT/EBITDA margins. The balance sheet is a major risk with negative stockholders’ equity, signaling solvency strain. Cash flow is the main offset, with strong TTM free cash flow growth (+226.32%) and FCF exceeding net losses (FCF/net income 1.53).

Income Statement

Trinseo's income statement reveals significant challenges, with a declining revenue trend and negative profit margins. The TTM data shows a gross profit margin of 6.18% and a net profit margin of -13.15%, indicating profitability issues. Revenue has decreased by 3.82% compared to the previous period, reflecting a challenging market environment. The negative EBIT and EBITDA margins further highlight operational inefficiencies.

Balance Sheet

The balance sheet shows a concerning financial structure, with a negative stockholders' equity and a high debt-to-equity ratio of -0.29 in the TTM period. This indicates potential solvency issues. The return on equity is positive at 56.63%, but this is due to the negative equity, which is not a sustainable situation. The equity ratio is also negative, reflecting a weak financial position.

Cash Flow

Trinseo's cash flow statement shows some positive aspects, with a significant improvement in free cash flow growth at 226.32% in the TTM period. The operating cash flow to net income ratio is 0.13, indicating some ability to generate cash from operations despite net losses. The free cash flow to net income ratio of 1.53 suggests that the company is generating cash flow that exceeds its net losses, which is a positive sign.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.13B	3.51B	3.68B	4.97B	4.83B	2.74B
Gross Profit	193.80M	265.60M	142.30M	272.30M	698.90M	321.10M
EBITDA	103.40M	159.70M	-223.30M	-119.80M	597.40M	241.60M
Net Income	-412.10M	-348.50M	-701.30M	-430.90M	440.00M	7.90M
Balance Sheet
Total Assets	2.49B	2.64B	3.03B	3.76B	4.71B	2.85B
Cash, Cash Equivalents and Short-Term Investments	112.10M	209.80M	259.10M	211.70M	573.00M	588.70M
Total Debt	2.58B	2.48B	2.37B	2.39B	2.41B	1.25B
Total Liabilities	3.35B	3.26B	3.30B	3.34B	3.70B	2.25B
Stockholders Equity	-861.60M	-619.90M	-268.00M	420.30M	1.01B	590.30M
Cash Flow
Free Cash Flow	-96.10M	-86.10M	55.60M	-104.70M	335.00M	188.80M
Operating Cash Flow	-39.90M	-22.80M	125.30M	43.50M	452.70M	255.40M
Investing Cash Flow	-56.20M	-55.10M	-31.70M	-164.00M	-1.54B	-24.20M
Financing Cash Flow	41.70M	35.00M	-42.60M	-233.70M	1.08B	-104.30M

Trinseo Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.99
• 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 TSE, the sentiment is Negative. The current price of 0.99 is above the 20-day moving average (MA) of 0.55, above the 50-day MA of 0.62, and below the 200-day MA of 2.10, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 37.16 is Neutral, neither overbought nor oversold. The STOCH value of 36.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE.

Trinseo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRM	64 Neutral	$3.87B	62.19	7.39%	―	19.12%	―
SXT	63 Neutral	$4.02B	28.91	12.31%	1.70%	4.25%	56.51%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HWKN	61 Neutral	$2.72B	31.60	16.89%	0.50%	11.86%	1.99%
CC	54 Neutral	$2.25B	-7.02	-69.74%	4.37%	2.12%	-579.74%
KRO	47 Neutral	$604.03M	―	-5.00%	4.39%	<0.01%	-143.88%
TSE	45 Neutral	$16.20M	-0.04	―	8.42%	-11.20%	17.76%

Trinseo Corporate Events

Trinseo adds independent directors amid capital structure review

On January 16, 2026, Trinseo PLC expanded its Board of Directors from nine to eleven members and appointed two new independent directors, restructuring and governance specialists Carol Flaton and Jill Frizzley, effective immediately. The move comes amid the company’s ongoing discussions with financial stakeholders about its capital structure, with the Board signaling that the pair’s deep experience in complex restructurings, corporate governance and strategic transactions is intended to bolster oversight and advisory capabilities during a financially sensitive period. Both directors, deemed independent under New York Stock Exchange rules, amended existing consulting agreements with Trinseo on January 12, 2026, to receive a $50,000 monthly fee for their Board service in place of the standard director compensation program, and they will be covered by the company’s standard indemnification agreements.

The most recent analyst rating on (TSE) stock is a Hold with a $0.48 price target. To see the full list of analyst forecasts on Trinseo stock, see the TSE Stock Forecast page.

Trinseo Grants One-Time Retention Bonuses to Executives

On January 6, 2026, Trinseo’s board compensation committee approved one-time conditional retention bonus awards for its named executive officers, totaling millions of dollars and ranging from $1 million to $3.2 million, which were paid on or about January 8, 2026. The awards are structured as advances that must be repaid if an executive leaves before March 31, 2027, absent a qualifying termination, and are given in exchange for forfeiting participation in certain 2025 bonus opportunities, cancelling existing and future long-term incentive awards and 2026 retention payments, and waiving the right to resign for good reason under existing contracts, effectively rebalancing the executives’ compensation mix to prioritize near-term retention during a turbulent period for the company and its industry.

The most recent analyst rating on (TSE) stock is a Hold with a $0.78 price target. To see the full list of analyst forecasts on Trinseo stock, see the TSE Stock Forecast page.

Trinseo Faces NYSE Non-Compliance Notice

On December 12, 2025, Trinseo PLC received a notice from the New York Stock Exchange (NYSE) indicating non-compliance with two listing standards: the minimum market capitalization standard and the minimum share price standard. The company’s market capitalization was below $50 million, and its share price fell below $1.00 for 30 consecutive trading days. Trinseo plans to notify the NYSE of its intentions to regain compliance within specified cure periods. The notice does not immediately affect the listing of Trinseo’s shares or its business operations, but failure to comply could lead to suspension and delisting procedures.

The most recent analyst rating on (TSE) stock is a Hold with a $0.61 price target. To see the full list of analyst forecasts on Trinseo stock, see the TSE Stock Forecast page.

Trinseo Announces Restructuring Plan for Polystyrene Operations

On December 5, 2025, Trinseo PLC announced a restructuring plan to close its polystyrene production operations in Schkopau, Germany, and consolidate activities in Tessenderlo, Belgium. This move is expected to result in pre-tax restructuring charges of $30 million to $40 million and aims to improve annual profitability by approximately $10 million starting in 2026, with completion anticipated by the end of 2028.

The most recent analyst rating on (TSE) stock is a Hold with a $0.61 price target. To see the full list of analyst forecasts on Trinseo stock, see the TSE Stock Forecast page.