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General information

Country: UNITED STATES

Sector: Chemicals

Valhi, Inc. is a holding company. The Company operates through three segments: Chemicals, Component Products, and Real Estate Management and Development. The Company operates through its subsidiaries, including NL Industries, Inc., Kronos Worldwide, Inc. (Kronos) and CompX International Inc. (CompX). The Chemicals segment operates through Kronos. Kronos is a producer and marketer of titanium dioxide pigments (TiO2). The Component Products segment operates through CompX. CompX is a manufacturer of security products used in the recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare and a range of other industries. The Real Estate Management and Development segment operates through Basic Management, Inc. (BMI) and The LandWell Company (LandWell).
Website: valhi.net



Growth: Good revenue growth rate 21.6%, there is acceleration compared to average historical growth rates 5.4%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +3.3%. On average the margin is improving unsteadily. Gross margin is low, +14.4%. 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 -$0.02 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 2.1%. Free cash flow yield 18.9% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 36.1% higher than minimum and 72.1% 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 2.2x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: VHI
Share price, USD:  (0.0%)15
year average price 13.88  


year start price 15.20 2023-05-01

min close price 11.02 2023-11-01

max close price 17.58 2024-03-27

current price 15.00 2024-04-29
Common stocks: 28 500 000

Dividend Yield:  2.1%
FCF Yield LTM: 18.9%
EV / LTM EBITDA: 12.9x
EV / EBITDA annualized: 8.7x
Last revenue growth (y/y):  21.6%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  5.4%
Historical growth of EBITDA:  18.2%
EV / Sales: 0.4x
Margin (EBITDA LTM / Revenue): 3.3%
Fundamental value created in LTM:
Market Cap ($m): 428
Net Debt ($m): 409
EV (Enterprise Value): 837
Price to Book: 0.5x

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

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol VHI VHI VHI VHI VHI VHI VHI
reportedCurrency USD USD USD USD USD USD USD
cik 59 255 59 255 59 255 59 255 59 255 59 255 59 255
fillingDate 2024-03-07 2023-11-06 2023-08-03 2023-05-04 2023-03-09 2022-11-03 2022-08-04
acceptedDate 2024-03-07 16:16:05 2023-11-06 16:15:51 2023-08-03 16:15:50 2023-05-04 16:16:01 2023-03-09 16:16:05 2022-11-03 16:15:51 2022-08-04 16:18:06
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
revenue 453M 469M 507M 493M 403M 556M 635M
costOfRevenue 388M 408M 442M 439M 350M 436M 488M
grossProfit 65M 61M 66M 54M 53M 120M 147M
grossProfitRatio 0.143 0.129 0.129 0.110 0.131 0.216 0.231
researchAndDevelopmentExpenses 18M 0 0 0 0 0 0
generalAndAdministrativeExpenses 73M 70M 76M 70M 70M 85M 82M
sellingAndMarketingExpenses -2M 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 71M 70M 76M 70M 70M 85M 82M
otherExpenses 20M 8M 11M -63M 6M 0 0
operatingExpenses 71M 70M 76M 7M 70M 85M 82M
costAndExpenses 459M 479M 518M 509M 420M 521M 570M
interestIncome 7M 5M 5M 5M 5M 0 0
interestExpense 7M 7M 7M 7M 7M 7M 7M
depreciationAndAmortization 13M 13M 13M 14M 14M 14M 15M
ebitda 7M 11M 13M 4M -12M 73M 64M
ebitdaratio 0.016 0.024 0.026 0.009 -0.029 0.131 0.101
operatingIncome -6M -10M -7M -10M -26M 58M 64M
operatingIncomeRatio -0.013 -0.020 -0.014 -0.020 -0.065 0.105 0.101
totalOtherIncomeExpensesNet 13M 8M 11M 200 000 7M -9M -8M
incomeBeforeTax 7M -10M -7M -10M -19M 49M 56M
incomeBeforeTaxRatio 0.015 -0.020 -0.014 -0.020 -0.047 0.088 0.089
incomeTaxExpense -4M -8M -5M -6M -8M 8M 14M
netIncome 4M -6M -5M -4M -11M 41M 28M
netIncomeRatio 0.009 -0.013 -0.010 -0.008 -0.026 0.073 0.044
eps 0.140 -0.210 -0.180 -0.130 -0.370 1.430 0.980
epsdiluted 0.140 -0.210 -0.180 -0.130 -0.370 1.430 0.980
weightedAverageShsOut 29M 29M 29M 29M 29M 29M 29M
weightedAverageShsOutDil 29M 29M 29M 29M 29M 29M 29M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol VHI VHI VHI VHI VHI VHI
reportedCurrency USD USD USD USD USD USD
cik 59 255 59 255 59 255 59 255 59 255 59 255
fillingDate 2024-03-07 2023-11-06 2023-08-03 2023-05-04 2023-03-09 2022-11-03
acceptedDate 2024-03-07 16:16:05 2023-11-06 16:15:51 2023-08-03 16:15:50 2023-05-04 16:16:01 2023-03-09 16:16:05 2022-11-03 16:15:51
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 430M 342M 298M 298M 479M 579M
shortTermInvestments 56M 83M 99M 101M 75M 3M
cashAndShortTermInvestments 486M 426M 397M 399M 554M 582M
netReceivables 340M 333M 334M 329M 282M 386M
inventory 596M 533M 575M 644M 641M 546M
otherCurrentAssets 53M 56M 52M 55M 67M 115M
totalCurrentAssets 1 475M 1 370M 1 401M 1 474M 1 590M 1 629M
propertyPlantEquipmentNet 559M 533M 548M 549M 545M 504M
goodwill 380M 380M 380M 380M 380M 380M
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 380M 380M 380M 380M 380M 380M
longTermInvestments 231M 119M 125M 115M 114M 114M
taxAssets 67M 66M 56M 43M 41M 66M
otherNonCurrentAssets 25M 139M 141M 157M 167M 151M
totalNonCurrentAssets 1 262M 1 236M 1 249M 1 244M 1 246M 1 215M
otherAssets 0 0 0 0 0 0
totalAssets 2 737M 2 607M 2 651M 2 718M 2 836M 2 844M
accountPayables 259M 129M 146M 157M 199M 189M
shortTermDebt 5M 5M 6M 5M 6M 6M
taxPayables 16M 22M 17M 11M 13M 20M
deferredRevenue 89M 101M 83M 100M 111M 105M
otherCurrentLiabilities 155M 168M 159M 136M 177M 188M
totalCurrentLiabilities 507M 403M 394M 397M 493M 488M
longTermDebt 546M 549M 567M 577M 575M 554M
deferredRevenueNonCurrent 16M 14M 16M 22M 26M 41M
deferredTaxLiabilitiesNonCurrent 32M 51M 54M 64M 64M 41M
otherNonCurrentLiabilities 375M 324M 343M 369M 371M 833M
totalNonCurrentLiabilities 968M 938M 980M 1 032M 1 036M 1 132M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 19M 21M 21M 20M 21M 20M
totalLiabilities 1 476M 1 341M 1 374M 1 429M 1 529M 1 620M
preferredStock 0 0 0 0 0 0
commonStock 300 000 300 000 300 000 300 000 300 000 300 000
retainedEarnings 461M 460M 468M 475M 482M 494M
accumulatedOtherComprehensiveIncomeLoss -146M -148M -147M -148M -144M -224M
othertotalStockholdersEquity 620M 620M 620M 619M 620M 620M
totalStockholdersEquity 936M 932M 941M 946M 959M 891M
totalEquity 1 262M 1 265M 1 276M 1 289M 959M 891M
totalLiabilitiesAndStockholdersEquity 2 737M 2 607M 2 651M 2 718M 2 836M 2 844M
minorityInterest 326M 333M 336M 342M 348M 0
totalLiabilitiesAndTotalEquity 2 737M 2 607M 2 651M 2 718M 2 836M 2 844M
totalInvestments 287M 202M 224M 216M 76M 117M
totalDebt 569M 554M 572M 582M 581M 560M
netDebt 139M 212M 275M 284M 102M -19M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol VHI VHI VHI VHI VHI VHI VHI
reportedCurrency USD USD USD USD USD USD USD
cik 59 255 59 255 59 255 59 255 59 255 59 255 59 255
fillingDate 2024-03-07 2023-11-06 2023-08-03 2023-05-04 2023-03-09 2022-11-03 2022-08-04
acceptedDate 2024-03-07 16:16:05 2023-11-06 16:15:51 2023-08-03 16:15:50 2023-05-04 16:16:01 2023-03-09 16:16:05 2022-11-03 16:15:51 2022-08-04 16:18:06
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
netIncome 4M -2M -2M -4M -11M 41M 28M
depreciationAndAmortization 13M 13M 13M 14M 14M 14M 15M
deferredIncomeTax -11M -14M -24M 300 000 -5M 2M -100 000
stockBasedCompensation 0 0 3M 0 0 0 0
changeInWorkingCapital 40M 32M 47M -137M 4M -64M -24M
accountsReceivables 16M 7M -19M -39M 24M 37M -61M
inventory -47M 35M 67M 2M -62M -104M -3M
accountsPayables 90M 6M -1M -83M 0 0 0
otherWorkingCapital -19M -16M 700 000 -17M 42M 4M -8M
otherNonCashItems -14M 9M -6M -1 000 000 4M 6M 32M
netCashProvidedByOperatingActivities 65M 34M 32M -127M 7M 100 000 51M
investmentsInPropertyPlantAndEquipment -6M -8M -18M -17M -20M -15M 0
acquisitionsNet -2M 8M 18M 0 0 0 0
purchasesOfInvestments -3M -12M -18M -34M -70M -1M -2M
salesMaturitiesOfInvestments 29M 29M 19M 9M 500 000 500 000 1M
otherInvestingActivites 100 000 -8M -16M 0 100 000 -9M -17M
netCashUsedForInvestingActivites 19M 9M -15M -42M -89M -24M -18M
debtRepayment -5M -8M -9M -7M -15M -26M -16M
commonStockIssued 0 0 0 0 0 0 0
commonStockRepurchased 0 0 -2M -1M -1M 0 -2M
dividendsPaid -2M -2M -2M -2M -2M -2M -2M
otherFinancingActivites -15M -6M -8M -5M -12M -11M -12M
netCashUsedProvidedByFinancingActivities -23M -17M -20M -16M -30M -39M -31M
effectOfForexChangesOnCash 4M -2M -200 000 -700 000 11M -7M -8M
netChangeInCash 64M 24M -4M -186M -101M -70M -7M
cashAtEndOfPeriod 430M 397M 373M 376M 562M 663M 733M
cashAtBeginningOfPeriod 366M 373M 376M 562M 663M 733M 740M
operatingCashFlow 65M 34M 32M -127M 7M 100 000 51M
capitalExpenditure -6M -8M -18M -17M -20M -15M -17M
freeCashFlow 59M 26M 14M -144M -13M -15M 34M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-03-07 21:15 ET
VALHI REPORTS FOURTH QUARTER 2023 RESULTS
2024-02-29 21:15 ET
VALHI DECLARES QUARTERLY DIVIDEND
2023-11-06 21:15 ET
VALHI REPORTS THIRD QUARTER 2023 RESULTS
2023-11-02 20:15 ET
VALHI DECLARES QUARTERLY DIVIDEND
2023-08-03 20:17 ET
VALHI DECLARES QUARTERLY DIVIDEND
2023-08-03 20:15 ET
VALHI REPORTS SECOND QUARTER 2023 RESULTS
2023-05-25 20:15 ET
VALHI ANNOUNCES QUARTERLY CASH DIVIDEND AND RESULTS OF ANNUAL STOCKHOLDER MEETING
2023-05-04 20:15 ET
VALHI REPORTS FIRST QUARTER 2023 RESULTS
2023-03-09 21:15 ET
VALHI REPORTS FOURTH QUARTER 2022 RESULTS
2023-03-02 21:15 ET
VALHI DECLARES QUARTERLY DIVIDEND
2022-11-03 20:20 ET
VALHI DECLARES QUARTERLY DIVIDEND
2022-11-03 20:15 ET
VALHI REPORTS THIRD QUARTER 2022 RESULTS
2022-08-04 20:15 ET
VALHI DECLARES QUARTERLY DIVIDEND
2022-08-04 20:15 ET
VALHI REPORTS SECOND QUARTER 2022 RESULTS
2022-05-26 20:15 ET
VALHI ANNOUNCES QUARTERLY CASH DIVIDEND AND RESULTS OF ANNUAL STOCKHOLDER MEETING
2022-05-05 20:15 ET
VALHI REPORTS FIRST QUARTER 2022 RESULTS
2022-03-10 21:17 ET
VALHI REPORTS FOURTH QUARTER 2021 RESULTS
2022-03-03 21:15 ET
VALHI DECLARES QUARTERLY DIVIDEND
2021-11-04 20:25 ET
VALHI DECLARES QUARTERLY DIVIDEND
2021-11-04 20:25 ET
VALHI REPORTS THIRD QUARTER 2021 RESULTS
2021-08-05 20:17 ET
VALHI DECLARES QUARTERLY DIVIDEND
2021-08-05 20:15 ET
VALHI REPORTS SECOND QUARTER 2021 RESULTS
2021-05-27 20:15 ET
VALHI ANNOUNCES QUARTERLY CASH DIVIDEND AND RESULTS OF ANNUAL STOCKHOLDER MEETING
2021-05-06 20:15 ET
VALHI REPORTS FIRST QUARTER 2021 RESULTS
2021-03-11 21:15 ET
VALHI REPORTS FOURTH QUARTER 2020 RESULTS
2021-03-04 21:15 ET
VALHI DECLARES QUARTERLY DIVIDEND
2020-11-05 21:17 ET
VALHI DECLARES QUARTERLY DIVIDEND
2020-11-05 21:15 ET
VALHI REPORTS THIRD QUARTER 2020 RESULTS
2020-08-06 20:20 ET
VALHI DECLARES QUARTERLY DIVIDEND
2020-08-06 20:15 ET
VALHI REPORTS SECOND QUARTER 2020 RESULTS
2020-05-28 20:15 ET
VALHI ANNOUNCES ONE-FOR-TWELVE REVERSE STOCK SPLIT, QUARTERLY CASH DIVIDEND AND RESULTS OF ANNUAL STOCKHOLDER MEETING
2020-05-07 20:15 ET
VALHI REPORTS FIRST QUARTER 2020 RESULTS
2020-04-24 20:30 ET
VALHI ANNOUNCES PLANS FOR REVERSE STOCK SPLIT AND ADDRESSES NYSE LISTING STANDARDS
2020-03-12 20:15 ET
VALHI REPORTS FOURTH QUARTER 2019 RESULTS
2020-02-27 21:15 ET
VALHI DECLARES QUARTERLY DIVIDEND
2019-11-08 21:15 ET
VALHI REPORTS THIRD QUARTER 2019 RESULTS
2019-03-11 16:15 ET
Valhi Reports Fourth Quarter 2018 Results
2019-02-28 21:15 ET
Valhi Declares Quarterly Dividend

SEC forms

Show financial reports only

SEC form 10
2024-03-07 16:16 ET
Valhi published news for 2023 q4
SEC form 8
2024-03-07 00:00 ET
Valhi published news for 2023 q4
SEC form 8
2024-03-07 00:00 ET
Valhi published news for 2023 q4
SEC form 10
2024-03-07 00:00 ET
Valhi reported for 2023 q4
SEC form 10
2023-11-06 16:15 ET
Valhi published news for 2023 q3
SEC form 8
2023-11-06 00:00 ET
Valhi published news for 2023 q3
SEC form 10
2023-11-06 00:00 ET
Valhi reported for 2023 q3
SEC form 6
2023-08-03 16:18 ET
Valhi published news for 2023 q2
SEC form 10
2023-08-03 16:15 ET
Valhi published news for 2023 q2
SEC form 10
2023-08-03 00:00 ET
Valhi reported for 2023 q2
SEC form 8
2023-08-03 00:00 ET
Valhi published news for 2023 q2
SEC form 10
2023-05-04 00:00 ET
Valhi published news for 2023 q1
SEC form 8
2023-05-04 00:00 ET
Valhi published news for 2023 q1
SEC form 6
2023-03-09 16:18 ET
Valhi published news for 2022 q4
SEC form 10
2023-03-09 16:16 ET
Valhi reported for 2022 q4
SEC form 8
2023-03-09 00:00 ET
Valhi published news for 2022 q4
SEC form 10
2023-03-09 00:00 ET
Valhi reported for 2022 q4
SEC form 6
2023-03-06 16:20 ET
Valhi published news for 2022 q4
SEC form 6
2023-03-02 16:18 ET
Valhi published news for 2022 q4
SEC form 6
2022-12-16 16:29 ET
Valhi published news for 2022 q3
SEC form 6
2022-11-03 16:22 ET
Valhi published news for 2022 q3
SEC form 10
2022-11-03 16:15 ET
Valhi reported for 2022 q3
SEC form 8
2022-11-03 00:00 ET
Valhi published news for 2022 q3
SEC form 10
2022-11-03 00:00 ET
Valhi reported for 2022 q3
SEC form 6
2022-08-04 16:19 ET
Valhi published news for 2022 q2
SEC form 10
2022-08-04 16:18 ET
Valhi reported for 2022 q2
SEC form 8
2022-08-04 00:00 ET
Valhi published news for 2022 q2
SEC form 10
2022-08-04 00:00 ET
Valhi reported for 2022 q2
SEC form 6
2022-05-26 16:16 ET
Valhi published news for 2022 q1
SEC form 6
2022-05-05 16:17 ET
Valhi published news for 2022 q1
SEC form 10
2022-05-05 16:16 ET
Valhi reported for 2022 q1
SEC form 8
2022-05-05 00:00 ET
Valhi published news for 2022 q1
SEC form 10
2022-05-05 00:00 ET
Valhi reported for 2022 q1
SEC form 6
2022-04-06 16:15 ET
Valhi published news for 2022 q1
SEC form 6
2022-03-10 16:18 ET
Valhi published news for 2021 q4
SEC form 10
2022-03-10 16:16 ET
Valhi published news for 2021 q4
SEC form 10
2022-03-10 00:00 ET
Valhi published news for 2021 q4
SEC form 8
2022-03-10 00:00 ET
Valhi published news for 2021 q4
SEC form 6
2022-03-03 16:16 ET
Valhi published news for 2021 q4
SEC form 6
2021-12-21 16:18 ET
Valhi published news for 2021 q3
SEC form 6
2021-11-04 16:44 ET
Valhi published news for 2021 q3
SEC form 10
2021-11-04 16:41 ET
Valhi published news for 2021 q3
SEC form 10
2021-11-04 00:00 ET
Valhi published news for 2021 q3
SEC form 8
2021-11-04 00:00 ET
Valhi published news for 2021 q3
SEC form 6
2021-08-05 16:23 ET
Valhi published news for 2021 q2
SEC form 6
2021-08-05 16:21 ET
Valhi published news for 2021 q2
SEC form 10
2021-08-05 16:18 ET
Valhi published news for 2021 q2
SEC form 8
2021-08-05 00:00 ET
Valhi published news for 2021 q2
SEC form 8
2021-08-05 00:00 ET
Valhi published news for 2021 q2
SEC form 10
2021-08-05 00:00 ET
Valhi published news for 2021 q2
SEC form 6
2021-06-02 16:19 ET
Valhi published news for 2021 q1
SEC form 6
2021-05-27 16:17 ET
Valhi published news for 2021 q1
SEC form 6
2021-05-06 16:19 ET
Valhi published news for 2021 q1
SEC form 10
2021-05-06 16:17 ET
Valhi published news for 2021 q1
SEC form 8
2021-05-06 00:00 ET
Valhi published news for 2021 q1
SEC form 10
2021-05-06 00:00 ET
Valhi published news for 2021 q1
SEC form 6
2021-04-26 16:20 ET
Valhi published news for 2021 q1
SEC form 6
2021-04-23 16:30 ET
Valhi published news for 2021 q1
SEC form 6
2021-04-07 16:16 ET
Valhi published news for 2021 q1
SEC form 10
2021-03-11 16:17 ET
Valhi published news for 2020 q4
SEC form 6
2021-03-11 16:17 ET
Valhi published news for 2020 q4
SEC form 6
2021-03-04 16:21 ET
Valhi published news for 2020 q4
SEC form 6
2020-11-05 16:21 ET
Valhi published news for 2020 q3
SEC form 10
2020-11-05 16:21 ET
Valhi published news for 2020 q3