(TROX) Tronox Holdings - Overview
Stock: Titanium Dioxide, Zircon, Pig Iron, Titanium Tetrachloride
| Risk 5d forecast | |
|---|---|
| Volatility | 103% |
| Relative Tail Risk | -12.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.38 |
| Alpha | -34.74 |
| Character TTM | |
|---|---|
| Beta | 2.204 |
| Beta Downside | 1.801 |
| Drawdowns 3y | |
|---|---|
| Max DD | 84.34% |
| CAGR/Max DD | -0.22 |
EPS (Earnings per Share)
Revenue
Risks
Description: TROX Tronox Holdings February 25, 2026
Tronox Holdings plc (NYSE:TROX) is a vertically integrated producer of titanium dioxide (TiO₂) pigment and related titanium products, operating mines, beneficiation, smelting, and pigment plants across North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. Its portfolio includes standard TiO₂ pigment, ultrafine specialty TiO₂, zircon, high-purity pig iron, monazite, feedstock, and titanium tetrachloride, serving end-markets such as paints, coatings, plastics, and paper.
In the latest quarter (Q3 2025), Tronox reported revenue of $1.22 billion and an adjusted EBITDA margin of 16.4%, reflecting a 9% year-over-year increase in TiO₂ pigment pricing driven by tighter supply and rising construction-paint demand. The company is investing $250 million in 2025 to expand its mineral sand mine capacity in the United States, positioning it to capture projected 4% annual growth in global TiO₂ demand from the automotive and packaging sectors.
Key macro drivers include ongoing infrastructure spending in the U.S. and Europe, which boosts paint consumption, and stricter environmental regulations that favor high-performance, low-VOC pigments-areas where Tronox’s specialty TiO₂ products have a competitive edge. For a deeper quantitative assessment, consider reviewing ValueRay’s analytical tools.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: -470.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -3.36 > 1.0 |
| NWC/Revenue: 46.45% < 20% (prev 41.67%; Δ 4.77% < -1%) |
| CFO/TA 0.01 > 3% & CFO 60.0m > Net Income -470.0m |
| Net Debt (3.38b) to EBITDA (132.7m): 25.46 < 3 |
| Current Ratio: 2.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.6m) vs 12m ago 0.37% < -2% |
| Gross Margin: 9.28% > 18% (prev 0.16%; Δ 912.0% > 0.5%) |
| Asset Turnover: 47.29% > 50% (prev 50.91%; Δ -3.62% > 0%) |
| Interest Coverage Ratio: -0.90 > 6 (EBITDA TTM 132.7m / Interest Expense TTM 189.0m) |
Altman Z'' 1.10
| A: 0.22 (Total Current Assets 2.27b - Total Current Liabilities 919.0m) / Total Assets 6.22b |
| B: 0.00 (Retained Earnings 30.0m / Total Assets 6.22b) |
| C: -0.03 (EBIT TTM -169.3m / Avg Total Assets 6.13b) |
| D: -0.14 (Book Value of Equity -685.0m / Total Liabilities 4.77b) |
| Altman-Z'' Score: 1.10 = BB |
Beneish M -2.39
| DSRI: 1.15 (Receivables 290.0m/268.0m, Revenue 2.90b/3.07b) |
| GMI: 1.75 (GM 9.28% / 16.23%) |
| AQI: 0.94 (AQ_t 0.19 / AQ_t-1 0.20) |
| SGI: 0.94 (Revenue 2.90b / 3.07b) |
| TATA: -0.09 (NI -470.0m - CFO 60.0m) / TA 6.22b) |
| Beneish M-Score: -2.39 (Cap -4..+1) = BBB |
What is the price of TROX shares?
Over the past week, the price has changed by -12.57%, over one month by -11.69%, over three months by +75.68% and over the past year by -4.13%.
Is TROX a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the TROX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.7 | 2.3% |
| Analysts Target Price | 6.7 | 2.3% |
TROX Fundamental Data Overview March 03, 2026
P/S = 0.4092
P/B = 0.7598
Revenue TTM = 2.90b USD
EBIT TTM = -169.3m USD
EBITDA TTM = 132.7m USD
Long Term Debt = 3.14b USD (from longTermDebt, two quarters ago)
Short Term Debt = 162.0m USD (from shortTermDebt, last quarter)
Debt = 3.59b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.38b USD (from netDebt column, last quarter)
Enterprise Value = 4.56b USD (1.19b + Debt 3.59b - CCE 211.0m)
Interest Coverage Ratio = -0.90 (Ebit TTM -169.3m / Interest Expense TTM 189.0m)
EV/FCF = -16.25x (Enterprise Value 4.56b / FCF TTM -281.0m)
FCF Yield = -6.16% (FCF TTM -281.0m / Enterprise Value 4.56b)
FCF Margin = -9.70% (FCF TTM -281.0m / Revenue TTM 2.90b)
Net Margin = -16.22% (Net Income TTM -470.0m / Revenue TTM 2.90b)
Gross Margin = 9.28% ((Revenue TTM 2.90b - Cost of Revenue TTM 2.63b) / Revenue TTM)
Gross Margin QoQ = 5.34% (prev 7.44%)
Tobins Q-Ratio = 0.73 (Enterprise Value 4.56b / Total Assets 6.22b)
Interest Expense / Debt = 1.50% (Interest Expense 54.0m / Debt 3.59b)
Taxrate = 21.0% (US default 21%)
NOPAT = -133.7m (EBIT -169.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.46 (Total Current Assets 2.27b / Total Current Liabilities 919.0m)
Debt / Equity = 2.53 (Debt 3.59b / totalStockholderEquity, last quarter 1.42b)
Debt / EBITDA = 25.46 (Net Debt 3.38b / EBITDA 132.7m)
Debt / FCF = -12.02 (negative FCF - burning cash) (Net Debt 3.38b / FCF TTM -281.0m)
Total Stockholder Equity = 1.57b (last 4 quarters mean from totalStockholderEquity)
RoA = -7.67% (Net Income -470.0m / Total Assets 6.22b)
RoE = -29.85% (Net Income TTM -470.0m / Total Stockholder Equity 1.57b)
RoCE = -3.59% (EBIT -169.3m / Capital Employed (Equity 1.57b + L.T.Debt 3.14b))
RoIC = -2.84% (negative operating profit) (NOPAT -133.7m / Invested Capital 4.71b)
WACC = 4.38% (E(1.19b)/V(4.78b) * Re(14.04%) + D(3.59b)/V(4.78b) * Rd(1.50%) * (1-Tc(0.21)))
Discount Rate = 14.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.57%
[DCF] Fair Price = unknown (Cash Flow -281.0m)
EPS Correlation: -81.12 | EPS CAGR: -68.23% | SUE: -2.29 | # QB: 0
Revenue Correlation: -48.93 | Revenue CAGR: -7.17% | SUE: 0.94 | # QB: 1
EPS next Quarter (2026-06-30): EPS=-0.19 | Chg7d=-0.020 | Chg30d=-0.090 | Revisions Net=-1 | Analysts=6
EPS current Year (2026-12-31): EPS=-0.85 | Chg7d=-0.046 | Chg30d=-0.313 | Revisions Net=-4 | Growth EPS=+43.6% | Growth Revenue=+4.2%
EPS next Year (2027-12-31): EPS=-0.10 | Chg7d=-0.131 | Chg30d=-0.217 | Revisions Net=-5 | Growth EPS=+87.7% | Growth Revenue=+4.5%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)