TRONOX (TROX) AI Stock Analysis

• Market Cap: $577.03M
• Dividend Yield: 11.68%
• Average Volume (3M): 4.28M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.29
• Revenue Growth: 0.20%
• EPS Growth: -292.54%
• Country: US
• Employees: 6,500
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): -0.28
• Shares Outstanding: 158,524,630
• 10 Day Avg. Volume: 3,471,555
• 30 Day Avg. Volume: 4,275,042
• 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: 6.75
• Enterprise Value/Revenue: 1.32
• Enterprise Value/Gross Profit: 9.62
• Enterprise Value/Ebitda: 13.16
• 1Y Price Target: $3.82
• Price Target Upside: 4.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 45 Neutral
• Price Target: $3.50 ▼(-3.85% Downside)

Tronox's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company's high leverage and negative profitability metrics are significant concerns. While the high dividend yield offers some attraction, it is tempered by recent financial challenges and a negative P/E ratio. The earnings call provided some positive insights into cost management, but the overall sentiment remains cautious due to declining revenues and market demand.

Positive Factors

Cost Management

Tronox's proactive cost management strategy aims to achieve significant savings, enhancing operational efficiency and financial health over the long term.

Liquidity Position

A strong liquidity position provides Tronox with financial flexibility to navigate economic challenges and invest in strategic growth opportunities.

Market Expansion in India

Expansion in India, supported by favorable trade policies, presents a significant growth opportunity, potentially increasing market share and revenue.

Negative Factors

High Leverage

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

Declining Revenues

Declining revenues reflect challenges in market demand and pricing pressures, which can affect profitability and long-term growth prospects.

Weaker Demand

Weaker demand across markets suggests ongoing competitive pressures and potential structural challenges in maintaining market share and revenue growth.

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: Negative
• Last Price: 3.64
• 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 Negative. The current price of 3.64 is below the 20-day moving average (MA) of 3.74, below the 50-day MA of 4.14, and below the 200-day MA of 5.63, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 43.88 is Neutral, neither overbought nor oversold. The STOCH value of 43.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TROX.

TRONOX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WLKP	―	$667.77M	12.93	10.28%	9.76%	-7.24%	-7.30%
ASIX	―	$520.78M	6.93	9.85%	3.30%	1.31%	796.76%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LXU	―	$661.09M	-19.85	-6.51%	―	2.60%	-1506.69%
HUN	―	$1.51B	―	-10.43%	11.52%	-1.56%	-259.58%
TROX	―	$577.03M	―	-14.11%	11.68%	0.20%	-292.54%
BAK	―	$1.08B	―	―	―	-3.33%	44.37%

TRONOX Corporate Events

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.

Tronox Navigates Challenges with Strategic Cost Savings

During the recent earnings call, Tronox expressed a cautious sentiment as it navigates through a challenging macroeconomic environment. The company highlighted promising developments in cost savings and opportunities in India, yet it faces significant challenges such as revenue declines, competitive pressures, and high leverage. Strategic actions are being implemented to manage through the downturn effectively.

Tronox Faces Challenges Amid Market Downturn

Tronox Holdings plc is a leading global producer of titanium dioxide pigment and other titanium products, known for its extensive vertical integration and operational expertise across the value chain.