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Tronox Holdings (Tronox Holdings) Cyclically Adjusted Price-to-FCF : 15.75 (As of Apr. 27, 2024)


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What is Tronox Holdings Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Tronox Holdings's current share price is $17.48. Tronox Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.11. Tronox Holdings's Cyclically Adjusted Price-to-FCF for today is 15.75.

The historical rank and industry rank for Tronox Holdings's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TROX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 7.25   Med: 22.86   Max: 193
Current: 15.7

During the past years, Tronox Holdings's highest Cyclically Adjusted Price-to-FCF was 193.00. The lowest was 7.25. And the median was 22.86.

TROX's Cyclically Adjusted Price-to-FCF is ranked better than
64.79% of 568 companies
in the Chemicals industry
Industry Median: 23.915 vs TROX: 15.70

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Tronox Holdings's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.325. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tronox Holdings Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Tronox Holdings's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tronox Holdings Cyclically Adjusted Price-to-FCF Chart

Tronox Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.22 20.39 23.28 10.51 12.80

Tronox Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.51 11.33 9.92 11.72 12.80

Competitive Comparison of Tronox Holdings's Cyclically Adjusted Price-to-FCF

For the Chemicals subindustry, Tronox Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tronox Holdings's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tronox Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Tronox Holdings's Cyclically Adjusted Price-to-FCF falls into.



Tronox Holdings Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Tronox Holdings's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.48/1.11
=15.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tronox Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Tronox Holdings's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.325/129.4194*129.4194
=0.325

Current CPI (Dec. 2023) = 129.4194.

Tronox Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.379 99.695 -0.492
201406 0.097 100.560 0.125
201409 0.131 100.428 0.169
201412 -0.252 99.070 -0.329
201503 -0.841 99.621 -1.093
201506 0.147 100.684 0.189
201509 -0.138 100.392 -0.178
201512 1.279 99.792 1.659
201603 -0.276 100.470 -0.356
201606 0.396 101.688 0.504
201609 0.447 101.861 0.568
201612 0.499 101.863 0.634
201703 0.334 102.862 0.420
201706 0.459 103.349 0.575
201709 0.352 104.136 0.437
201712 0.355 104.011 0.442
201803 -0.262 105.290 -0.322
201806 0.063 106.317 0.077
201809 0.665 106.507 0.808
201812 -0.057 105.998 -0.070
201903 0.113 107.251 0.136
201906 0.153 108.070 0.183
201909 0.626 108.329 0.748
201912 0.824 108.420 0.984
202003 -0.460 108.902 -0.547
202006 0.390 108.767 0.464
202009 0.255 109.815 0.301
202012 0.900 109.897 1.060
202103 0.500 111.754 0.579
202106 0.944 114.631 1.066
202109 1.201 115.734 1.343
202112 0.312 117.630 0.343
202203 0.539 121.301 0.575
202206 -0.423 125.017 -0.438
202209 0.159 125.227 0.164
202212 0.816 125.222 0.843
202303 -1.098 127.348 -1.116
202306 0.517 128.729 0.520
202309 -0.236 129.860 -0.235
202312 0.325 129.419 0.325

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Tronox Holdings  (NYSE:TROX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Tronox Holdings Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Tronox Holdings's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Tronox Holdings (Tronox Holdings) Business Description

Industry
Traded in Other Exchanges
Address
263 Tresser Boulevard, Suite 1100, Stamford, CT, USA, 06901
Tronox Holdings PLC is a vertically integrated manufacturer of TiO2 pigment. It operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia & South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. TiO2 and titanium feedstock, are used to produce paints and coatings, as well as plastics, paper, and printing ink. It has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. North America, Europe, the Middle East, and Africa, and Asia-Pacific regions contribute the vast majority of revenue.
Executives
Vanessa Ann Guthrie director 263 TRESSER BLVD., SUITE 1100, STAMFORD CT 06901
Stephen J Jones director 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Mutlaq Hamad Al-morished director 263 TRESSER BLVD., SUITE 1100, STAMFORD CT 06901
Moazzam A. Khan director 263 TRESSER BLVD., SUITE 1100, STAMFORD CT 06901
Timothy C Carlson officer: Senior Vice President, CFO 263 TRESSER BOULEVARD, SUITE 1100, STAMFORD CT 06901
Jonathan Flood officer: Principal Accounting Officer 263 TRESSER BLVD., SUITE 1100, STAMFORD CT 06901
Jean Francois Turgeon officer: Executive Vice President 263 TRESSER BOULEVARD, STAMFORD CT 06901
John D Romano officer: SVP, Chief Commercial Officer P. O. BOX 268859, OKLAHOMA CITY OK 73126
Jeffrey N Neuman officer: SVP, General Counsel & Sec. 115 TABOR ROAD, MORRIS PLAINS NJ 07950
John Srivisal officer: SVP, Business Dev. and Finance C/O TRONOX HOLDINGS PLC, 263 TRESSER BOULEVARD, SUITE 1100, STAMFORD CT 06901
Sipho Abednego Nkosi director EXXARO RESOURCES LTD, P.O. BOX 9229, PRETORIA T3 0001
Raoul Charles Mancini officer: SVP, Chief HR Officer 410 PARK AVE.; SUITE 1400, NEW YORK NY 10022
Ilan Kaufthal director 143 E LINDEN AVE, ENGLEWOOD NJ 07631
Wayne A Hinman director TRONOX LIMITED, ONE STAMFORD PLAZA, 263 TRESSER BLVD., SUITE 1100, STAMFORD CT 06901
Jeffry N Quinn director 12935 NORTH FORTY DRIVE, SUITE 201, ST. LOUIS MO 63141

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