Tronox Holdings plc TROX
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Updated: 16 Sep 2026
Base analysis: 21 Jul 2026
The news check keeps the assessment current.
General analysis — not personal advice.
HOLD
Clear
Wait for the Q2 report before considering any increase in exposure.
Weak fundamentals with large losses and high leverage outweigh any potential price recovery.
Market sentiment
Negative ↓
Trend: Declining
The market remains cautious with focus on high debt levels and uncertainty around cash flow after the report.
Risk assessment
High
Dilution:
Medium
Shelf registration filed, low cash balance
Jurisdiction:
Medium
Mining operations in South Africa carry political risk
Execution:
High
Repeated losses and restructuring efforts
Cash flow:
12 mo
HOLD is the call. Negative is the market mood. High risk means a lot can go wrong.
Latest change
- 21 Aug 2026 — Report shows revenue of $868M and adjusted EPS loss of $0.51, driving continued focus on leverage and cash flow uncertainty.
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Show all changes (2) — follow the company freeAbout the company
Tronox is a vertically integrated TiO₂ pigment producer with mineral sands mining operations. The company operates globally and is currently unprofitable with high leverage.
Sector:
Titanium dioxide pigment and minerals
Type:
Industrial
Next report (Q3)
31 Oct 2026
Bull case
Positive free cash flow in the Q2 report could trigger a short-term bounce.
Bear case
High debt levels and continued price pressure from Chinese exports keep margins suppressed.
Why this signal
Weak fundamentals with large losses and high leverage outweigh any potential price recovery.
Recent news
- No new press releases or material SEC filings have been published since September 2026. Analyst consensus remains at Reduce and the options market shows continued bearish positioning.
Key figures
Revenue
Q2 2026
USD 868M
Revenue TTM
TTM
USD 2.9B
EBITDA
Q2 2026
USD 73.0M
Net income
Q2 2026
USD -171M
Cash
Q2 2026
USD 194M
Total debt
Q2 2026
USD 3,200M
Gross margin
Q2 2026
8.4%
Shares outstanding
Q1 2026
160M
EPS
Q2 2026
USD -1.07
Exchange
NYSE
Type
Industrials
Sector
Titanium dioxide pigment and minerals
Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.