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General information

Country: UNITED STATES

Sector: Specialty Chemicals

Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics. It also produces ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; titanium oxychloride for use in the formulation of pearlescent pigments, and production of electroceramic capacitors for cell phones and other electronic devices; and titanyl sulfate that is used in pearlescent pigments, natural gas pipe, and other specialty applications. In addition, the company provides technical services for its products. It sells its products under the KRONOS brand through agents and distributors to paint, plastics, decorative laminate, and paper manufacturers. The company was founded in 1916 and is headquartered in Dallas, Texas. Kronos Worldwide, Inc. is a subsidiary of Valhi, Inc.
Website: kronostio2.com



Growth: Bad revenue growth rate -21.6%, there is slowdown compared to average historical growth rates 1.4%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +1.4%. On average the margin is decreasing unsteadily. Gross margin is low, +10.0%. In the last quarter the company did not beat the estimated EPS. The company was ahead of estimated EPS in 40% of quarters (showing a gain of +$0.01 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 9.4%. Free cash flow yield -69.5% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 4.0% higher than minimum and 58.6% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 1.3x by EV / Sales multiple , the company can be 76.6% undervalued

Key Financials (Download financials)

Ticker: KRO
Share price, USD:  (+0.5%)8.12
year average price 9.30  


year start price 10.99 2022-09-23

max close price 11.93 2023-02-02

min close price 7.81 2023-09-13

current price 8.12 2023-09-22
Common stocks: 115 462 001

Dividend Yield:  9.4%
FCF Yield LTM: -69.5%
EV / LTM EBITDA: 50.8x
EV / EBITDA annualized: 60.9x
Last revenue growth (y/y):  -21.6%
Last growth of EBITDA (y/y):  -93.3%
Historical revenue growth:  1.4%
Historical growth of EBITDA:  -4.2%
EV / Sales: 0.7x
Margin (EBITDA LTM / Revenue): 1.4%
Fundamental value created in LTM:
Market Cap ($m): 938
Net Debt ($m): 281
EV (Enterprise Value): 1 219
Price to Book: 1.1x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-09-01Zacks Investment Research

Why Is Kronos Worldwide (KRO) Down 4.3% Since Last Earnings Report?

2023-08-04Zacks Investment Research

Kronos Worldwide (KRO) Earnings and Sales Miss Estimates in Q2

2023-06-02Zacks Investment Research

Kronos Worldwide (KRO) Up 1.2% Since Last Earnings Report: Can It Continue?

2023-05-04Zacks Investment Research

Kronos Worldwide (KRO) Earnings and Sales Lag Estimates in Q1

2023-05-03Zacks Investment Research

Kronos Worldwide (KRO) Reports Q1 Loss, Lags Revenue Estimates
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol KRO KRO KRO KRO
reportedCurrency USD USD USD USD
cik 1M 1M 1M 1M
fillingDate 2023-08-02 2023-05-03 2023-03-08 2022-11-02
acceptedDate 2023-08-02 16:15:42 2023-05-03 16:15:44 2023-03-08 16:16:09 2022-11-02 16:15:37
calendarYear 2023.000 2023.000 2022.000 2022.000
period Q2 Q1 Q4 Q3
revenue 443M 426M 342M 460M
costOfRevenue 399M 396M 305M 376M
grossProfit 44M 31M 37M 84M
grossProfitRatio 0.100 0.072 0.109 0.183
researchAndDevelopmentExpenses 0 0 0 0
generalAndAdministrativeExpenses 52M 54M 51M 0
sellingAndMarketingExpenses -2M -900 000 -4M 0
sellingGeneralAndAdministrativeExpenses 50M 53M 51M 59M
otherExpenses -2M 1M -4M 900 000
operatingExpenses 54M 55M 51M 60M
costAndExpenses 453M 450M 357M 436M
interestIncome 2M 2M 3M 1M
interestExpense 4M 4M 4M 4M
depreciationAndAmortization 13M -4M -700 000 10M
ebitda 2M -23M -15M 40M
ebitdaratio 0.005 -0.053 -0.043 0.088
operatingIncome -7M -18M -14M 31M
operatingIncomeRatio -0.015 -0.043 -0.041 0.067
totalOtherIncomeExpensesNet 300 000 -4M -11M -9M
incomeBeforeTax -12M -22M -25M 22M
incomeBeforeTaxRatio -0.028 -0.052 -0.072 0.048
incomeTaxExpense -4M -7M -5M 1M
netIncome -8M -15M -20M 21M
netIncomeRatio -0.019 -0.036 -0.058 0.046
eps -0.071 -0.130 -0.170 0.180
epsdiluted -0.071 -0.130 -0.170 0.180
weightedAverageShsOut 115M 115M 115M 116M
weightedAverageShsOutDil 115M 115M 115M 116M
link Link Link Link Link
finalLink Link Link Link Link

Balance Sheet Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol KRO KRO KRO KRO
reportedCurrency USD USD USD USD
cik 1M 1M 1M 1M
fillingDate 2023-08-02 2023-05-03 2023-03-08 2022-11-02
acceptedDate 2023-08-02 16:15:42 2023-05-03 16:15:44 2023-03-08 16:16:09 2022-11-02 16:15:37
calendarYear 2023.000 2023.000 2022.000 2022.000
period Q2 Q1 Q4 Q3
cashAndCashEquivalents 169M 178M 328M 339M
shortTermInvestments 0 0 -113M 0
cashAndShortTermInvestments 169M 178M 328M 339M
netReceivables 308M 302M 255M 358M
inventory 541M 613M 609M 512M
otherCurrentAssets 36M 41M 49M 49M
totalCurrentAssets 1 056M 1 135M 1 242M 1 257M
propertyPlantEquipmentNet 511M 511M 506M 465M
goodwill 0 0 0 0
intangibleAssets 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0
longTermInvestments 123M 116M 116M 114M
taxAssets 71M 51M 52M 91M
otherNonCurrentAssets 18M 18M 18M 16M
totalNonCurrentAssets 723M 696M 692M 686M
otherAssets 0 0 0 0
totalAssets 1 779M 1 832M 1 934M 1 943M
accountPayables 135M 145M 177M 169M
shortTermDebt 5M 5M 5M 5M
taxPayables 18M 7M 13M 20M
deferredRevenue -139M 0 0 0
otherCurrentLiabilities 260M 111M 145M 156M
totalCurrentLiabilities 261M 260M 327M 330M
longTermDebt 450M 451M 442M 407M
deferredRevenueNonCurrent 157M 0 0 0
deferredTaxLiabilitiesNonCurrent 26M 25M 26M 23M
otherNonCurrentLiabilities 10M 184M 183M 560M
totalNonCurrentLiabilities 642M 660M 651M 734M
otherLiabilities 0 0 0 0
capitalLeaseObligations 21M 21M 21M 20M
totalLiabilities 902M 919M 977M 1 064M
preferredStock 0 0 0 0
commonStock 1M 1M 1M 1M
retainedEarnings -173M -143M -105M -64M
accumulatedOtherComprehensiveIncomeLoss -342M -338M -332M -453M
othertotalStockholdersEquity 1 390M 1 392M 1 393M 1 394M
totalStockholdersEquity 877M 912M 957M 879M
totalEquity 877M 912M 957M 879M
totalLiabilitiesAndStockholdersEquity 1 779M 1 832M 1 934M 1 943M
minorityInterest 0 0 0 0
totalLiabilitiesAndTotalEquity 1 779M 1 832M 1 934M 1 943M
totalInvestments 123M 116M 3M 114M
totalDebt 454M 455M 446M 412M
netDebt 285M 278M 119M 74M
link Link Link Link Link
finalLink Link Link Link Link

Cash Flow Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol KRO KRO KRO KRO
reportedCurrency USD USD USD USD
cik 1M 1M 1M 1M
fillingDate 2023-08-02 2023-05-03 2023-03-08 2022-11-02
acceptedDate 2023-08-02 16:15:42 2023-05-03 16:15:44 2023-03-08 16:16:09 2022-11-02 16:15:37
calendarYear 2023.000 2023.000 2022.000 2022.000
period Q2 Q1 Q4 Q3
netIncome -8M -15M -20M 21M
depreciationAndAmortization 13M 14M 14M 14M
deferredIncomeTax -21M 1M -3M -2M
stockBasedCompensation 400 000 0 0 0
changeInWorkingCapital 56M -108M 29M -24M
accountsReceivables 0 -39M 144M 0
inventory 71M 500 000 -64M -104M
accountsPayables 0 -60M 0 0
otherWorkingCapital -15M -9M -51M 80M
otherNonCashItems -7M -2M 3M 200 000
netCashProvidedByOperatingActivities 33M -110M 23M 10M
investmentsInPropertyPlantAndEquipment 0 0 -19M -14M
acquisitionsNet 0 0 0 0
purchasesOfInvestments 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0
otherInvestingActivites 0 -16M 0 -14M
netCashUsedForInvestingActivites -18M -16M -19M -14M
debtRepayment -200 000 -200 000 -800 000 -200 000
commonStockIssued 0 2M 0 0
commonStockRepurchased -2M -1M -1M 0
dividendsPaid -22M -22M -22M -22M
otherFinancingActivites 0 -2M -100 000 0
netCashUsedProvidedByFinancingActivities -24M -24M -24M -22M
effectOfForexChangesOnCash -200 000 -700 000 11M -7M
netChangeInCash -8M -150M -10M -33M
cashAtEndOfPeriod 176M 184M 335M 344M
cashAtBeginningOfPeriod 184M 335M 344M 378M
operatingCashFlow 33M -110M 23M 10M
capitalExpenditure 0 0 -19M -14M
freeCashFlow 33M -110M 4M -4M
link Link Link Link Link
finalLink Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2023-08-02 20:17 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2023-08-02 20:15 ET
Kronos Worldwide, Inc. Reports Second Quarter 2023 Results
2023-05-17 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend and Results of Annual Stockholder Meeting
2023-05-03 20:15 ET
KRONOS WORLDWIDE, INC. REPORTS FIRST QUARTER 2023 RESULTS
2023-03-08 21:15 ET
Kronos Worldwide, Inc. Reports Fourth Quarter 2022 Results
2023-02-22 21:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2022-11-02 20:15 ET
Kronos Worldwide, Inc. Reports Third Quarter 2022 Results
2022-10-26 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2022-08-03 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2022-08-03 20:15 ET
Kronos Worldwide Reports Second Quarter 2022 Results
2022-05-18 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend and Results of Annual Stockholder Meeting
2022-05-04 20:15 ET
Kronos Worldwide Reports First Quarter 2022 Results
2022-03-09 21:15 ET
Kronos Worldwide Reports Fourth Quarter 2021 Results
2022-02-23 21:15 ET
Kronos Worldwide, Inc. Announces Increase in Quarterly Dividend
2021-11-04 20:15 ET
Kronos Worldwide Reports Third Quarter 2021 Results
2021-10-27 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2021-08-04 20:15 ET
Kronos Worldwide Reports Second Quarter 2021 Results
2021-08-04 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2021-05-19 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend and Results of Annual Stockholder Meeting
2021-05-05 20:15 ET
Kronos Worldwide Reports First Quarter 2021 Results
2021-03-10 21:20 ET
Kronos Worldwide Reports Fourth Quarter 2020 Results
2021-02-24 21:15 ET
KRONOS WORLDWIDE, INC. ANNOUNCES QUARTERLY DIVIDEND
2020-11-04 21:15 ET
Kronos Worldwide Reports Third Quarter 2020 Results
2020-10-28 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2020-08-05 20:25 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2020-08-05 20:20 ET
Kronos Worldwide Reports Second Quarter 2020 Results
2020-05-20 20:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend and Results of Annual Stockholder Meeting
2020-05-06 20:15 ET
Kronos Worldwide Reports First Quarter 2020 Results
2020-03-11 20:15 ET
KRONOS WORLDWIDE REPORTS FOURTH QUARTER 2019 RESULTS
2020-02-19 21:15 ET
Kronos Worldwide, Inc. Announces Quarterly Dividend
2019-11-07 21:15 ET
Kronos Worldwide Reports Third Quarter 2019 Results
2019-03-11 20:15 ET
KRONOS WORLDWIDE REPORTS FOURTH QUARTER 2018 RESULTS
2019-02-20 21:15 ET
KRONOS WORLDWIDE, INC. ANNOUNCES INCREASE IN QUARTERLY DIVIDEND

SEC forms

Show financial reports only

SEC form 6
2023-08-02 16:22 ET
Kronos Worldwide published news for 2023 q2
SEC form 10
2023-08-02 16:15 ET
Kronos Worldwide published news for 2023 q2
SEC form 10
2023-08-02 00:00 ET
Kronos Worldwide reported for 2023 q2
SEC form 8
2023-08-02 00:00 ET
Kronos Worldwide published news for 2023 q2
SEC form 10
2023-05-03 00:00 ET
Kronos Worldwide reported for 2023 q1
SEC form 8
2023-05-03 00:00 ET
Kronos Worldwide reported for 2023 q1
SEC form 6
2023-03-08 16:20 ET
Kronos Worldwide published news for 2022 q4
SEC form 10
2023-03-08 16:16 ET
Kronos Worldwide reported for 2022 q4
SEC form 10
2023-03-08 00:00 ET
Kronos Worldwide published news for 2022 q4
SEC form 8
2023-03-08 00:00 ET
Kronos Worldwide reported for 2022 q4
SEC form 6
2023-02-27 16:17 ET
Kronos Worldwide published news for 2022 q4
SEC form 6
2023-02-22 16:20 ET
Kronos Worldwide published news for 2022 q4
SEC form 6
2022-12-16 16:17 ET
Kronos Worldwide published news for 2022 q3
SEC form 6
2022-11-02 16:19 ET
Kronos Worldwide reported for 2022 q3
SEC form 10
2022-11-02 16:15 ET
Kronos Worldwide reported for 2022 q3
SEC form 8
2022-11-02 00:00 ET
Kronos Worldwide reported for 2022 q3
SEC form 10
2022-11-02 00:00 ET
Kronos Worldwide reported for 2022 q3
SEC form 6
2022-10-26 16:21 ET
Kronos Worldwide published news for 2022 q3
SEC form 6
2022-08-03 16:18 ET
Kronos Worldwide published news for 2022 q2
SEC form 10
2022-08-03 16:16 ET
Kronos Worldwide reported for 2022 q2
SEC form 8
2022-08-03 00:00 ET
Kronos Worldwide reported for 2022 q2
SEC form 10
2022-08-03 00:00 ET
Kronos Worldwide reported for 2022 q2
SEC form 6
2022-05-18 16:18 ET
Kronos Worldwide published news for 2022 q1
SEC form 6
2022-05-04 16:20 ET
Kronos Worldwide reported for 2022 q1
SEC form 10
2022-05-04 16:17 ET
Kronos Worldwide reported for 2022 q1
SEC form 8
2022-05-04 00:00 ET
Kronos Worldwide reported for 2022 q1
SEC form 10
2022-05-04 00:00 ET
Kronos Worldwide reported for 2022 q1
SEC form 6
2022-03-29 16:16 ET
Kronos Worldwide published news for 2021 q4
SEC form 6
2022-03-09 16:20 ET
Kronos Worldwide published news for 2021 q4
SEC form 10
2022-03-09 16:16 ET
Kronos Worldwide published news for 2021 q4
SEC form 8
2022-03-09 00:00 ET
Kronos Worldwide published news for 2021 q4
SEC form 10
2022-03-09 00:00 ET
Kronos Worldwide published news for 2021 q4
SEC form 6
2022-02-23 16:22 ET
Kronos Worldwide published news for 2021 q4
SEC form 6
2021-12-21 16:16 ET
Kronos Worldwide published news for 2021 q3
SEC form 6
2021-11-04 16:18 ET
Kronos Worldwide published news for 2021 q3
SEC form 10
2021-11-04 16:18 ET
Kronos Worldwide published news for 2021 q3
SEC form 10
2021-11-04 00:00 ET
Kronos Worldwide published news for 2021 q3
SEC form 8
2021-11-04 00:00 ET
Kronos Worldwide published news for 2021 q3
SEC form 6
2021-10-27 16:18 ET
Kronos Worldwide published news for 2021 q3
SEC form 6
2021-08-04 16:21 ET
Kronos Worldwide published news for 2021 q2
SEC form 10
2021-08-04 16:16 ET
Kronos Worldwide published news for 2021 q2
SEC form 10
2021-08-04 00:00 ET
Kronos Worldwide published news for 2021 q2
SEC form 8
2021-08-04 00:00 ET
Kronos Worldwide published news for 2021 q2
SEC form 6
2021-06-02 16:16 ET
Kronos Worldwide published news for 2021 q1
SEC form 6
2021-05-19 16:19 ET
Kronos Worldwide published news for 2021 q1
SEC form 6
2021-05-05 16:18 ET
Kronos Worldwide published news for 2021 q1
SEC form 10
2021-05-05 16:16 ET
Kronos Worldwide published news for 2021 q1
SEC form 8
2021-05-05 00:00 ET
Kronos Worldwide published news for 2021 q1
SEC form 6
2021-04-26 16:17 ET
Kronos Worldwide published news for 2021 q1
SEC form 6
2021-04-23 16:16 ET
Kronos Worldwide published news for 2021 q1
SEC form 6
2021-03-30 16:44 ET
Kronos Worldwide published news for 2020 q4
SEC form 6
2021-03-10 16:25 ET
Kronos Worldwide reported for 2020 q4
SEC form 10
2021-03-10 16:17 ET
Kronos Worldwide published news for 2020 q4
SEC form 6
2021-02-24 16:22 ET
Kronos Worldwide published news for 2020 q4
SEC form 6
2020-11-04 16:20 ET
Kronos Worldwide reported for 2020 q3
SEC form 10
2020-11-04 16:16 ET
Kronos Worldwide published news for 2020 q3
SEC form 6
2020-10-28 16:20 ET
Kronos Worldwide published news for 2020 q3