Deutsche Bank Analyst Maintains Buy Rating on Tronox Holdings, Lowers Price Target from $18 to
May 5, 2023
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On May 2, 2023, David Begleiter, an analyst from Deutsche Bank, maintained his Buy rating for Tronox Holdings ($NYSE:TROX) while reducing the price target from $18. Tronox Holdings is a global chemical company that manufactures and markets a variety of mineral-based products used in everyday items around the world. The company is the world’s largest producer of titanium ore, and also produces specialized chemicals for a wide range of industries. With operations in the United States, Europe, Asia, and Australia, Tronox Holdings is well-positioned to capitalize on the growing demand for mineral-based products.
Despite the reduced price target, Begleiter remains optimistic about Tronox Holdings’ future prospects. He also highlighted that Tronox Holdings has the potential to benefit from macro trends such as increased spending on consumer products and increased regulations on plastic waste in multiple countries. Going forward, Begleiter believes that these favorable conditions could lead to strong returns for investors in Tronox Holdings.
Stock Price
Shares of the company opened at $13.5, but closed at $13.1 at the end of the trading day, down by 2.3% from its prior closing price of $13.4. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tronox Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 3.2k | 504 | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tronox Holdings. More…
| Operations | Investing | Financing |
| 330 | -404 | -101 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tronox Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.36k | 3.96k | 14.99 |
Key Ratios Snapshot
Some of the financial key ratios for Tronox Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.4% | 35.3% | 13.3% |
| FCF Margin | ROE | ROA |
| -2.8% | 11.3% | 4.2% |
Analysis
At GoodWhale, we have thoroughly evaluated and analyzed TRONOX HOLDINGS‘s financial and business health and wellbeing. After looking at all of the necessary data, our Risk Rating reveals that TRONOX HOLDINGS is a medium risk investment. We have also detected two risk warnings in the company’s income sheet and balance sheet. To get a better understanding of these, please register on our website goodwhale.com. We provide detailed information about the company, including our Risk Rating, as well as specific risks. With this information, you can make an informed decision about whether or not to invest in TRONOX HOLDINGS. More…
Peers
The company has strong competition from Hartalega Holdings Bhd, WD-40 Co, and Iofina PLC, all of which offer similar products and services. Despite the strong competition, Tronox Holdings PLC has managed to remain a leader in its industry thanks to its commitment to innovation and customer service.
– Hartalega Holdings Bhd ($KLSE:5168)
Hartalega Holdings Bhd is a Malaysian-based glove manufacturer that produces various types of gloves for medical, industrial and food service use. As of 2023, the company has a market capitalization of 5.33 billion and a Return on Equity (ROE) of 9.26%, indicating that the company is generating a good return on its investments. The company has been able to achieve such high returns due to its efficient operations, management and sales strategies. Its ability to remain competitive in the market has made it one of the leading glove manufacturers in Malaysia.
– WD-40 Co ($NASDAQ:WDFC)
WD-40 Co is a multinational corporation that specializes in the production of lubricants, cleaners, and degreasers. It has a current market cap of 2.37 billion, making it one of the largest publicly traded companies in its industry. WD-40 Co’s return on equity over the last year has been 26.96%, indicating that the company is efficiently utilizing its assets to generate a return on investment. This high return on equity and sizable market cap are indicative of WD-40 Co’s strong and profitable operations.
– Iofina PLC ($LSE:IOF)
Iofina PLC is a specialty chemical company that produces iodine, iodide and derivatives. The company has a market capitalization of 47.01M as of 2023 and a return on equity of 9.17%. This market capitalization indicates that the company has a large presence in the market, and a return on equity of 9.17% shows that it is making a good return on its investments. The company is well-positioned to continue to grow and expand its business.
Summary
Tronox Holdings is an American chemical company that produces and markets titanium ore products. Deutsche Bank analyst David Begleiter recently maintained his Buy rating on Tronox Holdings, but lowered the price target from $18 to an undisclosed amount. Begleiter predicts that Tronox Holdings will benefit from increased global demand for their products.
He believes that the company’s cost-cutting efforts, strategic investments, and efficient management will help drive growth long-term. Investors should take note of Begleiter’s analysis, as it provides insight into the potential of Tronox Holdings as a valuable investment opportunity.
