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Tronox Holdings PLC (TROX)



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Upturn Advisory Summary
08/14/2025: TROX (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $4.26
1 Year Target Price $4.26
3 | Strong Buy |
2 | Buy |
3 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -55.8% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 567.52M USD | Price to earnings Ratio - | 1Y Target Price 4.26 |
Price to earnings Ratio - | 1Y Target Price 4.26 | ||
Volume (30-day avg) 8 | Beta 1.32 | 52 Weeks Range 2.90 - 14.11 | Updated Date 08/15/2025 |
52 Weeks Range 2.90 - 14.11 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 13.30% | Basic EPS (TTM) -1.58 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-30 | When - | Estimate -0.04 | Actual -0.28 |
Profitability
Profit Margin -8.51% | Operating Margin (TTM) 0.96% |
Management Effectiveness
Return on Assets (TTM) 1.45% | Return on Equity (TTM) -13.85% |
Valuation
Trailing PE - | Forward PE 8.8 | Enterprise Value 3656052627 | Price to Sales(TTM) 0.19 |
Enterprise Value 3656052627 | Price to Sales(TTM) 0.19 | ||
Enterprise Value to Revenue 1.24 | Enterprise Value to EBITDA 13.29 | Shares Outstanding 158524992 | Shares Floating 117924891 |
Shares Outstanding 158524992 | Shares Floating 117924891 | ||
Percent Insiders 25.76 | Percent Institutions 74.02 |
Upturn AI SWOT
Tronox Holdings PLC

Company Overview
History and Background
Tronox Holdings PLC was formed in 2012 through a merger of Tronox Incorporated and Exxaro Resources' mineral sands business. It has grown through strategic acquisitions and expansions to become a leading global producer of titanium dioxide.
Core Business Areas
- Titanium Dioxide (TiO2): Tronox produces TiO2 pigment, which is used in coatings, plastics, paper, and other applications. This is their primary revenue driver.
- Mineral Sands: Tronox mines and processes mineral sands, which are raw materials for TiO2 production and other industrial uses.
Leadership and Structure
Tronox is led by its Chief Executive Officer, and operates with a functional organizational structure across its global operations. The board of directors oversees the company's strategic direction.
Top Products and Market Share
Key Offerings
- TiO2 Pigments: TiO2 pigments are the main product. Market share fluctuates, but Tronox is a major global player. Competitors include Chemours (CC), Venator Materials (VNTR), and Kronos Worldwide (KRO).
- Zircon: Zircon, a co-product of mineral sands mining, is used in ceramics and other industrial applications. Market share varies by region. Competitors include Iluka Resources and Rio Tinto.
Market Dynamics
Industry Overview
The TiO2 industry is cyclical, influenced by global economic growth and construction activity. Demand is sensitive to changes in these sectors. Raw material prices and energy costs also play significant roles.
Positioning
Tronox is a vertically integrated producer, controlling much of its supply chain. This provides a cost advantage. The company holds a substantial position in the TiO2 market.
Total Addressable Market (TAM)
The TAM for TiO2 is estimated to be over $20 billion globally. Tronox is positioned to capture a significant portion of this market through its global operations and production capacity.
Upturn SWOT Analysis
Strengths
- Vertically integrated operations
- Global production network
- Cost-competitive position
- Strong customer relationships
Weaknesses
- Exposure to cyclical demand
- High capital intensity
- Environmental regulations
- Debt levels
Opportunities
- Growing demand in emerging markets
- Expansion of specialty TiO2 products
- Technological innovations in production
- Strategic acquisitions
Threats
- Economic downturns
- Increased competition
- Fluctuations in raw material prices
- Environmental regulations
Competitors and Market Share
Key Competitors
- CC
- VNTR
- KRO
Competitive Landscape
Tronox's vertical integration provides a competitive advantage. However, competitors may have different geographic strengths or product specialties.
Major Acquisitions
Cristal
- Year: 2019
- Acquisition Price (USD millions): 1673
- Strategic Rationale: The acquisition of Cristal significantly expanded Tronox's TiO2 production capacity and global reach.
Growth Trajectory and Initiatives
Historical Growth: Tronox's historical growth is tied to TiO2 demand and strategic acquisitions.
Future Projections: Future growth is expected to be driven by emerging market demand and capacity expansions. Analyst estimates are variable based on market conditions.
Recent Initiatives: Recent initiatives could include capacity expansions, cost reduction programs, and sustainability efforts.
Summary
Tronox is a major player in the TiO2 market, benefiting from vertical integration. Its performance is closely tied to economic cycles and raw material prices. Future growth relies on emerging market demand and strategic investments. Strong management and focus on cost efficiency is needed to outperform its competitors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports
- Analyst estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tronox Holdings PLC
Exchange NYSE | Headquaters Stamford, CT, United States | ||
IPO Launch date 2005-11-22 | CEO & Director Mr. John D. Romano | ||
Sector Basic Materials | Industry Chemicals | Full time employees 6500 | Website https://www.tronox.com |
Full time employees 6500 | Website https://www.tronox.com |
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; high purity pig iron; monazite; feedstock; and titanium tetrachloride 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 was incorporated in 2018 and is based in Stamford, Connecticut.

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