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Trinseo
(OTC:TSEOQ)
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Rating:40Underperform
Price Target:
$0.01
▲(0.00% Upside)
Action:Downgraded
Date:09/30/26
The score is driven primarily by severely weakened financial performance (continued losses, cash burn, and negative equity with high debt). Technical indicators also reflect bearish momentum with the stock below key moving averages. Valuation signals are unreliable due to loss-making status and an unusually high dividend yield that appears distress-driven, while recent corporate events highlight capital concerns.
Positive Factors
Diversified Materials Portfolio
Trinseo serves multiple industrial and commercial end markets through polymers, resins, latex binders, and engineered materials. This breadth can reduce reliance on any single application and provides several channels for product demand, while specialized formulations may support customer retention and differentiated selling opportunities.
Negative Factors
Revenue and Margin Decline
Sustained revenue contraction combined with gross margins of only about 5–8% since 2022 has materially weakened earnings power. The latest $582.5M trailing net loss indicates that lower scale and limited profitability remain central business problems, reducing funds available for reinvestment and recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Materials Portfolio
Trinseo serves multiple industrial and commercial end markets through polymers, resins, latex binders, and engineered materials. This breadth can reduce reliance on any single application and provides several channels for product demand, while specialized formulations may support customer retention and differentiated selling opportunities.
Read all positive factors
Trinseo (TSEOQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$127.96K
Dividend Yield1142.86%
Average Volume (3M)38.00
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth-8.67%
EPS Growth-50.31%
CountryUS
Employees2,950
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-16.22
Shares Outstanding36,559,868
10 Day Avg. Volume38
30 Day Avg. Volume38
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.02
Price to Sales (P/S)0.00598
P/FCF Ratio-0.12
Enterprise Value/Market Cap22.71K
Enterprise Value/Revenue1.00
Enterprise Value/Gross Profit17.74
Enterprise Value/Ebitda-18.95
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-6.85
Revenue Forecast (FY)$3.15B
Trinseo Business Overview & Revenue Model
Company Description
Trinseo PLC provides specialty material solutions in the United States, Europe, the Asia-Pacific, and internationally. The company operates through four segments: Engineered Materials, Latex Binders, Polymer Solutions, and Americas Styrenics. The ...
How the Company Makes Money
Trinseo makes money primarily by manufacturing materials (polymers/resins, latex binders, and other chemical/material products) and selling them to industrial and commercial customers under supply agreements and purchase orders. Revenue is mainly ...
Trinseo Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 10, 2027
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with significant challenges in terms of decreased EBITDA, negative free cash flow, and impacts from global trade uncertainties. However, there were positive developments such as growth in recycled plastics, increased sales of formulated PMMA resins, and expected EBITDA improvements from strategic decisions. The sentiment reflects a balanced view of current challenges and future opportunities.Positive Updates
Increased Sales of Formulated PMMA Resins
Late in the third quarter and into the fourth quarter, sales of more formulated, higher-margin PMMA resins increased by over 10% year-over-year.
Negative Updates
Decreased Adjusted EBITDA
The company ended the third quarter with $30 million of adjusted EBITDA, impacted by $9 million of unfavorable raw material timing and negative equity affiliate earnings.
Read all updates
Q3-2025 Updates
Positive
Negative
Increased Sales of Formulated PMMA Resins
Late in the third quarter and into the fourth quarter, sales of more formulated, higher-margin PMMA resins increased by over 10% year-over-year.
Read all positive updates
Company Guidance
During Trinseo's third quarter 2025 earnings call, the company provided guidance for the upcoming quarter and beyond. They expect fourth quarter 2025 adjusted EBITDA to range between $30 million and $40 million, with a positive free cash flow of $20 million. This forecast assumes a continuation of the year-to-date market dynamics, including an anticipated $5 million to $10 million of negative raw material timing. The company ended the third quarter with $30 million of adjusted EBITDA, impacted by $9 million of unfavorable raw material timing and negative equity affiliate earnings from an $8 million headwind associated with an unplanned outage at Americas Styrenics. The company highlighted efforts to improve free cash flow through inventory management and restructuring activities. Additionally, Trinseo noted a promising increase in sales of their more formulated, higher-margin PMMA products, with a year-over-year volume increase of over 10% beginning in late Q3 and continuing into Q4.Trinseo Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
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Trinseo Risk Analysis
Trinseo disclosed 40 risk factors in its most recent earnings report. Trinseo reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Trinseo Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $3.17B | 36.84 | 15.86% | 0.50% | 9.02% | 3.18% | |
62 Neutral | $5.01B | 29.41 | 13.66% | 1.39% | 9.54% | 21.44% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | $863.23M | -7.88 | -14.34% | 2.67% | 2.70% | -262.08% | |
51 Neutral | $4.59B | -12.75 | -30.38% | 2.33% | 24.25% | -515.23% | |
47 Neutral | $2.04B | -6.77 | -170.31% | 2.59% | -1.38% | 28.10% | |
40 Underperform | $127.96K | ― | 59.25% | 1142.86% | -8.67% | -50.31% |
* Basic Materials Sector Average
TSEOQ
Trinseo
0.01
-1.47
-99.32%
HWKN
Hawkins
152.53
22.87
17.64%
KRO
Kronos Worldwide
7.50
2.94
64.37%
SXT
Sensient Technologies
117.63
27.14
29.99%
CC
Chemours Company
13.53
1.12
9.02%
PRM
Perimeter Solutions
28.06
4.35
18.35%
Trinseo Corporate Events
Financial DisclosuresShareholder Meetings
Trinseo Adjourns 2026 Annual General Meeting to November
Neutral
Oct 27, 2026
Trinseo convened its 2026 annual general meeting on September 30, 2026, but the meeting was adjourned until November 20, 2026 at 9:00 a.m. EST to allow time for presenting the audited financial statements for the fiscal year ended December 31, 202...
Financial DisclosuresShareholder Meetings
Trinseo Convenes Extraordinary Shareholder Meeting Amid Capital Concerns
Negative
Sep 30, 2026
On September 30, 2026, Trinseo held an Extraordinary General Meeting of Shareholders that had been adjourned from September 23, 2026 due to the absence of a quorum. The meeting was convened under Section 1111 of the Irish Companies Act 2014, which...
Shareholder Meetings
Trinseo Adjourns 2026 Shareholder Meetings for Quorum Issues
Negative
Sep 23, 2026
Trinseo PLC convened its 2026 annual general meeting on September 23, 2026, but the chair adjourned it to September 30, 2026, due to the failure to achieve a quorum, with the reconvened session to be held in Wayne, Pennsylvania, and remote access ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Trinseo Calls Extraordinary Meeting Over Capital Position
Negative
Aug 14, 2026
On August 7, 2026, Trinseo PLC determined that its net assets on a standalone basis had fallen to half or less of its called-up share capital, triggering statutory obligations under Section 1111 of the Irish Companies Act 2014. This situation refl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.