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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#2214
Positioning
Market Dominance
Manufacturing
Chemicals
$637M
John D. Romano
Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. Its products are used for the manufacture of paints, coatings, plastics, and paper.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = TROX ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$TROX Tronox Holdings plc | 49 | 38 | 44 | 53 | - | 5.0x | -22.1% | -5.2% | 11.9% | -3.1% | -11.0% | -14.8% | 13.7% | 329.0x | $637M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
Tronox Holdings plc (TROX) receives a "Reduce" rating with a composite score of 48.7/100. It ranks #2214 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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In-line with peers — no strong momentum signal
Fair valuation relative to peers
Average quality profile
High volatility — wider range of outcomes increases timing risk
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for TROX.
View All RatingsROIC -6.6% vs WACC 3.3% (spread -9.9%)
GM 12% vs sector 44%, OM -3% vs sector 3%
Capital turnover 0.95x, R&D intensity 0.5%
Rev growth -15%, 10yr history
Interest coverage -5.3x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Tronox Holdings plc (TROX) as a Reduce with a composite score of 48.7/100 at a current price of $7.23. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
Tronox Holdings plc holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 48.7/100 places it at rank #2214 in our full universe.
No Moat
Very High
Poor
Fair Value
Stable competitive position in a defensive sector.
Leverage of 329% D/E amplifies downside risk.
Vulnerability to macroeconomic shocks and interest rate volatility.
Tronox Holdings plc represents a reduce based on multi-factor quantitative performance.
Tronox Holdings plc receives a Reduce rating from our analysis, with a composite score of 48.7/100 and 2 out of 5 stars, ranking #2214 out of 7,333 stocks. TROX's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
TROX's quality score of 38/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -22.1% (sector avg: -1.9%), gross margins of 11.9% (sector avg: 44.1%), net margins of -11.0% (sector avg: 1.0%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
With a value score of 44/100, TROX appears somewhat expensive relative to its fundamentals. Key valuation metrics include an EV/EBITDA of 4.98x, a P/B ratio of 0.75x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
With an investment score of 49/100, TROX exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of -14.8% vs. a sector average of 6.7% and a return on assets of -5.2% (sector: 0.9%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
TROX demonstrates moderate momentum with a score of 53/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at -14.8% year-over-year, while a beta of 2.17 reflects its sensitivity to broader market moves. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
TROX's stability score of 29/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 2.17 and a debt-to-equity ratio of 329.00x (sector avg: 0.2x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 44/100 for TROX suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include high market sensitivity (beta: 2.17), elevated leverage (D/E: 329.00x), small-cap liquidity risk. With a $637M market cap (small-cap), Tronox Holdings plc may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
Tronox Holdings plc offers an attractive dividend yield of 13.7%, placing it among the higher-yielding stocks in its peer group. A yield this high can provide meaningful income, but investors should verify the payout is sustainable by examining the payout ratio, free cash flow coverage, and any history of dividend cuts.
Tronox Holdings plc is a small-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #2214 of 7,333 overall (70th percentile). Key comparisons include ROE of -22.1% trailing the -1.9% sector median and operating margins of -3.1% below the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While TROX currently exhibits a REDUCE profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Stability (29) would have the largest impact on the composite score.
EV/EBITDA 57% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 1066% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 73% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Tronox (NYSE:TROX) executives said the company ended 2025 with stronger-than-expected volumes and improved working capital discipline, even as lower titanium dioxide (TiO2) and zircon pricing weighed on results and restructuring charges drove a full-year loss. Management also outlined a first-quarte
Tronox Holdings (NYSE:TROX) is moving into the rare earth supply chain with new investments and potential financing support of up to $600 million. The company is backing this move with operational improvements and the expansion of newly commissioned production facilities. Recent product launches and the rare earth push come as Tronox looks to build on its existing position in the TiO2 market. For investors watching NYSE:TROX, the rare earth initiative sits alongside a share price of $6.9...
Global Titanium Market size was valued at USD 29.64 billion in 2024 and is projected to reach nearly USD 47.96 billion by 2032, expanding at a CAGR of 6.2% from 2025 to 2032.
Operator: Good morning, ladies and gentlemen, and welcome to Tronox Holdings Q4 2025 Earnings Call. [Operator Instructions]. Also note that this call is being recorded on Thursday, February 19, 2026.