Braskem S.A. (BAK) vs Tronox Holdings PLC (TROX)

Braskem S.A. and Tronox Holdings PLC are both Chemicals companies. Tronox Holdings PLC is the larger, with a market value of $643.6M against $272.2M — 2.4× the size. Tronox Holdings PLC grew revenue faster over the last twelve months: 3.66% against −32.6%. Braskem S.A. has the higher net margin (−17.2% vs −18.0%) and the lower return on invested capital (−2,286.9% vs −3.25%). Both pay a dividend; Tronox Holdings PLC yields more (2.98% vs 0.37%). Across the 19 metrics below, Braskem S.A. leads on 10 and Tronox Holdings PLC on 9.

Valuation

Metric BAK TROX Chemicals median
P/E n/m n/m —
P/S 0.07 0.21 0.44
P/B n/m 0.54 1.13
Price to free cash flow n/m n/m 7.30
EV/EBITDA 7.52 36.68 9.48
EV/Sales 0.07 1.20 0.86
Earnings yield (157.79%) (85.86%) (10.53%)
Free cash flow yield (98.70%) (22.67%) 4.86%

Profitability

Metric BAK TROX Chemicals median
Gross margin 2.19% 6.22% 16.03%
Operating margin (3.57%) (7.16%) (0.82%)
Net margin (17.15%) (17.96%) (3.05%)
Free cash flow margin (6.74%) (4.78%) 1.50%
Return on equity 542.49% (38.26%) (5.24%)
Return on assets (19.43%) (9.05%) (2.51%)
Return on invested capital (2,286.92%) (3.25%) (0.75%)

Growth

Metric BAK TROX Chemicals median
Revenue growth (TTM) (32.61%) 3.66% 2.53%
EPS growth (last fiscal year) 15.75% (858.06%) —
Revenue growth, 5-year CAGR 2.20% 1.00% 2.20%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BAK TROX Chemicals median
Debt to equity (4.91) 2.71 0.71
Current ratio 0.77 2.55 1.99
Net debt to EBITDA 19.18 51.03 3.49

Dividend

Metric BAK TROX Chemicals median
Dividend yield 0.37% 2.98% 2.33%
Payout ratio 0.00 0.13 0.00

Size

Metric BAK TROX Chemicals median
Market cap 272.24m 643.59m 643.59m

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