Kronos Worldwide Inc Dossier
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SectorMaterials IndustryCommodity Chemicals Beta (adjusted)1.01 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $7.63Price as of 1 Oct 2026 Data confidenceNot applicable Market Cap $878.2M Enterprise Value $1.5B Shares Outstanding 115.1M diluted Moat Rating None Next Earnings Date5 Nov 2026 Last ex-dividend4 Jun 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Kronos Worldwide (NYSE: KRO) is a major international producer of titanium dioxide (TiO2) pigments, a highly cyclical commodity chemical. The company is currently navigating a challenging trough in the TiO2 cycle, characterized by weak global demand (particularly in Europe) and depressed average selling prices. While supply-side discipline—including capacity curtailments and anti-dumping duties against low-cost Chinese imports—provides a structural floor, the demand-side recovery remains fragile. High financial leverage and elevated interest expenses limit near-term upside, making the stock a Hold until clearer signs of sustained margin expansion and volume recovery emerge. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$6.00 Mean target$6.50 High · most bullish analyst$7.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $4.0020% A global economic slowdown or a severe recession in key markets (US and Europe) further dampens demand for paints, coatings, and plastics. Chinese producers bypass trade barriers by rerouting supply, keeping pricing depressed. High fixed-cost under-absorption from continued production curtailments, combined with a heavy interest expense burden, leads to persistent net losses and forces a dividend cut. Base CaseCentral scenario $5.5055% TiO2 demand recovers gradually through 2026 and 2027, supported by stable consumer spending and moderate housing market activity. Average selling prices stabilize, and cost-reduction initiatives implemented in late 2025 help narrow operating losses. The company remains marginally profitable or near break-even in the near term, maintaining its quarterly dividend of $0.05 per share while slowly improving its leverage profile. Bull CaseUpside scenario $8.0025% A rapid recovery in global construction and automotive coatings demand, combined with strict enforcement of anti-dumping duties on Chinese TiO2 in the US and EU, drives a sharp rebound in average selling prices. Kronos successfully leverages its fully integrated Louisiana facility to expand margins, returning capacity utilization back toward 90% and generating substantial free cash flow to pay down debt. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |