Trinseo Plc - Understand $tse stock

$TSE Market Cap: $148 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.529B

TTM

Gross Margin

6.46%

TTM

Net Earnings

-$495.6M

TTM

Current Assets

$1.120B

Q3 2024

Current Liabilities

$814.2M

Q3 2024

Current Ratio

137.52%

Q3 2024

Total Assets

$2.883B

Q3 2024

Total Liabilities

$3.363B

Q3 2024

Book Value

-$480.0M

Q3 2024

Cash

$165.3M

Q3 2024

P/E

-0.2986

Nov 29, 2024 EST

Free Cash Flow

-$144.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$3.675B	$4.966B	$4.828B	$2.745B	$3.374B	$4.623B	$4.448B	$3.717B	$3.972B	$5.128B	$5.307B	$5.452B	$6.193B	$4.967B	$3.450B	$5.185B
YoY Change	-25.98%	2.86%	75.89%	-18.65%	-27.02%	3.93%	19.68%	-6.43%	-22.54%	-3.38%	-2.65%	-11.97%	24.68%	43.97%	-33.45%	0.52%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$3.675B	$4.966B	$4.828B	$2.745B	$3.374B	$4.623B	$4.448B	$3.717B	$3.972B	$5.128B	$5.307B	$5.452B	$6.193B	$4.967B	$3.450B	$5.185B
Cost Of Revenue	$3.533B	$4.693B	$4.129B	$2.424B	$3.074B	$4.094B	$3.808B	$3.124B	$3.503B	$4.831B	$4.949B	$5.115B	$5.797B	$4.558B	$3.149B	$4.928B
Gross Profit	$142.3M	$272.3M	$698.9M	$321.1M	$300.4M	$528.8M	$640.3M	$592.2M	$469.1M	$297.3M	$358.0M	$336.7M	$395.6M	$409.4M	$301.3M	$256.2M
Gross Profit Margin	3.87%	5.48%	14.48%	11.7%	8.9%	11.44%	14.39%	15.93%	11.81%	5.8%	6.75%	6.18%	6.39%	8.24%	8.73%	4.94%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$310.3M	$398.8M	$323.4M	$227.5M	$276.9M	$257.0M	$239.0M	$164.7M	$208.0M	$232.6M	$216.9M	$182.1M	$308.6M	$189.3M	$142.5M	$175.6M
YoY Change	-22.19%	23.31%	42.15%	-17.84%	7.74%	7.53%	45.11%	-20.82%	-10.57%	7.25%	19.11%	-41.0%	63.02%	32.84%	-18.85%	-6.6%
% of Gross Profit	218.06%	146.46%	46.27%	70.85%	92.18%	48.6%	37.33%	27.81%	44.34%	78.23%	60.57%	54.07%	78.01%	46.24%	47.3%	68.54%
Research & Development	$57.60M	$51.40M	$63.90M	$60.40M	$54.60M	$56.00M	$54.30M	$50.10M
YoY Change	12.06%	-19.56%	5.79%	10.62%	-2.5%	3.13%	8.38%
% of Gross Profit	40.48%	18.88%	9.14%	18.81%	18.18%	10.59%	8.48%	8.46%
Depreciation & Amortization	$221.2M	$236.9M	$167.5M	$92.60M	$91.50M	$130.2M	$110.6M	$96.50M	$96.80M	$103.7M	$95.20M	$85.60M	$101.6M	$109.5M	$99.10M	$84.90M
YoY Change	-6.63%	41.43%	80.89%	1.2%	-29.72%	17.72%	14.61%	-0.31%	-6.66%	8.94%	11.21%	-15.74%	-7.21%	10.49%	16.73%
% of Gross Profit	155.45%	87.0%	23.97%	28.84%	30.46%	24.62%	17.27%	16.3%	20.64%	34.88%	26.59%	25.42%	25.68%	26.75%	32.89%	33.14%
Operating Expenses	$310.3M	$398.8M	$323.4M	$227.5M	$276.9M	$257.0M	$239.0M	$214.8M	$207.9M	$232.6M	$216.9M	$182.1M	$308.6M	$189.4M	$142.5M	$175.6M
YoY Change	-22.19%	23.31%	42.15%	-17.84%	7.74%	7.53%	11.27%	3.32%	-10.61%	7.25%	19.11%	-41.0%	62.94%	32.91%	-18.85%	-6.6%
Operating Profit	-$455.4M	-$363.9M	$461.4M	$149.6M	$142.5M	$414.4M	$525.0M	$377.4M	$261.2M	$112.5M	$180.3M	$181.8M	$87.00M	$220.0M	$158.8M	$80.60M
YoY Change	25.14%	-178.87%	208.42%	4.98%	-65.61%	-21.07%	39.11%	44.49%	132.21%	-37.61%	-0.83%	108.96%	-60.45%	38.54%	97.02%	-66.83%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	-$188.4M	-$112.9M	-$79.40M	-$43.60M	-$39.30M	-$46.40M	-$70.10M	$73.40M	$47.00M	$124.9M	$132.0M	$110.0M	-$87.50M	-$30.70M	-$5.600M	-$3.600M
YoY Change	66.87%	42.19%	82.11%	10.94%	-15.3%	-33.81%	-195.5%	56.17%	-62.38%	-5.39%	20.07%	-225.68%	185.02%	448.21%	55.56%	-140.0%
% of Operating Profit			-17.21%	-29.14%	-27.58%	-11.2%	-13.35%	19.45%	17.99%	111.06%	73.24%	60.49%	-100.57%	-13.95%	-3.53%	-4.47%
Other Income/Expense, Net	$17.20M	$7.200M	-$9.500M	-$7.900M	-$3.400M	-$3.700M	$21.50M	-$21.60M	-$9.100M	-$27.78M	-$27.88M	-$23.98M	$20.10M	-$5.200M	$600.0K	-$200.0K
YoY Change	138.89%	-175.79%	20.25%	132.35%	-8.11%	-117.21%	-199.54%	137.36%	-67.25%	-0.33%	16.26%	-219.3%	-486.54%	-966.67%	-400.0%	-110.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	-$632.9M	-$469.6M	$350.5M	$105.4M	$99.80M	$364.3M	$411.1M	$405.3M	$203.9M	-$47.61M	-$369.0K	$47.84M	-$36.20M	$127.6M	$153.8M	$3.600M
YoY Change	34.77%	-233.98%	232.54%	5.61%	-72.6%	-11.38%	1.43%	98.77%	-528.24%	12803.25%	-100.77%	-232.16%	-128.37%	-17.04%	4172.22%	-98.3%
Income Tax	$68.40M	-$41.60M	$70.90M	$42.70M	$12.70M	$71.80M	$82.80M	$87.00M	$70.20M	$19.72M	$21.85M	$17.56M	$39.70M	$70.90M	$90.00M	$131.0M
% Of Pretax Income			20.23%	40.51%	12.73%	19.71%	20.14%	21.47%	34.43%			36.7%		55.56%	58.52%	3638.89%
Net Earnings	-$701.3M	-$430.9M	$440.0M	$7.900M	$92.00M	$292.5M	$328.3M	$318.3M	$133.6M	-$67.33M	-$22.22M	$30.28M	-$75.90M	$56.80M	$63.80M	-$127.4M
YoY Change	62.75%	-197.93%	5469.62%	-91.41%	-68.55%	-10.9%	3.14%	138.25%	-298.42%	203.05%	-173.37%	-139.9%	-233.63%	-10.97%	-150.08%	-226.14%
Net Earnings / Revenue	-19.08%	-8.68%	9.11%	0.29%	2.73%	6.33%	7.38%	8.56%	3.36%	-1.31%	-0.42%	0.56%	-1.23%	1.14%	1.85%	-2.46%
Basic Earnings Per Share	-$19.88	-$11.99	$11.37	$0.20	$2.28	$6.83	$7.49
Diluted Earnings Per Share	-$19.88	-$11.99	$11.12	$0.20	$2.26	$6.70	$7.30	$6.701M	$2.727M	-$1.547M	-$595.2K	$1.882M	-$1.605M	$792.2K	$889.8K	-$1.777M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$259.1M	$211.7M	$573.0M	$588.7M	$456.2M	$452.3M	$432.8M	$465.1M	$431.3M	$220.8M	$196.5M	$236.4M	$245.3M	$148.1M	$0.00
YoY Change	22.39%	-63.05%	-2.67%	29.04%	0.86%	4.51%	-6.94%	7.84%	95.34%	12.37%	-16.88%	-3.63%	65.63%
Cash & Equivalents	$259.1M	$211.7M	$573.0M	$588.7M	$456.2M	$452.3M	$432.8M	$465.1M	$431.3M	$220.8M	$196.5M	$236.4M	$245.3M	$148.1M	$0.00
Short-Term Investments
Other Short-Term Assets	$39.50M	$39.40M	$44.30M	$15.10M	$35.60M	$32.60M	$17.50M	$18.00M	$10.10M	$27.00M	$32.60M	$33.20M	$17.40M	$3.800M	$4.100M
YoY Change	0.25%	-11.06%	193.38%	-57.58%	9.2%	86.29%	-2.78%	78.22%	-62.59%	-17.18%	-1.81%	90.8%	357.89%	-7.32%
Inventory	$404.7M	$553.6M	$621.0M	$384.1M	$438.2M	$510.4M	$510.4M	$385.3M	$353.1M	$473.9M	$530.2M	$582.7M	$488.3M	$550.3M	$367.4M
Prepaid Expenses
Receivables	$490.8M	$500.6M	$655.0M	$438.8M	$449.7M	$529.3M	$564.7M	$476.1M	$405.1M	$491.3M	$578.3M	$557.9M	$651.4M	$690.0M	$352.8M
Other Receivables	$0.00	$85.40M	$85.20M	$90.40M	$111.4M	$106.7M	$120.8M	$88.30M	$89.50M	$109.8M	$139.2M	$137.5M	$123.7M	$165.2M	$112.4M
Total Short-Term Assets	$1.194B	$1.391B	$1.979B	$1.517B	$1.491B	$1.631B	$1.646B	$1.433B	$1.289B	$1.323B	$1.477B	$1.548B	$1.526B	$1.557B	$836.6M
YoY Change	-14.14%	-29.71%	30.41%	1.74%	-8.59%	-0.91%	14.89%	11.16%	-2.55%	-10.43%	-4.59%	1.41%	-2.0%	86.16%
Property, Plant & Equipment	$1.467B	$767.2M	$804.3M	$679.7M	$697.2M	$592.1M	$627.0M	$513.8M	$518.8M	$556.7M	$606.4M	$633.3M	$592.4M	$587.7M	$462.0M
YoY Change	91.18%	-4.61%	18.33%	-2.51%	17.75%	-5.57%	22.03%	-0.96%	-6.81%	-8.2%	-4.25%	6.9%	0.8%	27.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$252.2M	$255.1M	$247.8M	$240.1M	$188.1M	$179.1M	$152.5M	$191.4M	$182.8M	$167.7M	$155.9M	$140.3M	$134.1M	$128.8M	$180.6M
YoY Change	-1.14%	2.95%	3.21%	27.64%	5.03%	17.44%	-20.32%	4.7%	9.0%	7.57%	11.12%	4.62%	4.11%	-28.68%
Other Assets	$116.2M	$164.8M	$147.7M	$151.3M	$123.2M	$64.20M	$66.30M	$64.60M	$79.00M	$109.2M	$126.9M	$128.7M	$113.4M	$163.4M	$80.90M
YoY Change	-29.49%	11.58%	-2.38%	22.81%	91.9%	-3.17%	2.63%	-18.23%	-27.66%	-13.95%	-1.4%	13.49%	-30.6%	101.98%
Total Long-Term Assets	$1.835B	$2.370B	$2.734B	$1.328B	$1.268B	$1.096B	$1.126B	$976.6M	$969.9M	$1.033B	$1.098B	$1.118B	$1.050B	$1.119B	$854.7M
YoY Change	-22.55%	-13.32%	105.84%	4.76%	15.72%	-2.69%	15.28%	0.69%	-6.14%	-5.89%	-1.78%	6.44%	-6.13%	30.92%
Total Assets	$3.029B	$3.760B	$4.712B	$2.845B	$2.759B	$2.727B	$2.772B	$2.410B	$2.259B	$2.356B	$2.575B	$2.666B	$2.577B	$2.676B	$1.691B
YoY Change
Accounts Payable	$376.0M	$365.3M	$516.8M	$313.9M	$311.2M	$317.8M	$387.3M	$341.9M	$296.0M	$383.3M	$462.3M	$525.4M	$481.1M	$497.3M	$317.0M
YoY Change	2.93%	-29.32%	64.64%	0.87%	-2.08%	-17.94%	13.28%	15.51%	-22.78%	-17.09%	-12.01%	9.21%	-3.26%	56.88%
Accrued Expenses	$191.1M	$225.4M	$253.5M	$155.6M	$168.5M	$159.8M	$146.9M	$135.4M	$98.80M	$120.9M	$136.1M	$85.60M	$93.70M	$129.2M	$135.3M
YoY Change	-15.22%	-11.08%	62.92%	-7.66%	5.44%	8.78%	8.49%	37.04%	-18.28%	-11.17%	59.0%	-8.64%	-27.48%	-4.51%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$20.90M	$16.00M	$18.50M	$12.30M	$11.10M	$7.000M	$7.000M	$5.000M	$5.000M	$7.600M	$8.800M	$98.10M	$127.0M	$99.40M	$0.00
YoY Change	30.63%	-13.51%	50.41%	10.81%	58.57%	0.0%	40.0%	0.0%	-34.21%	-13.64%	-91.03%	-22.76%	27.77%
Total Short-Term Liabilities	$672.6M	$689.4M	$914.4M	$533.3M	$527.6M	$537.0M	$626.6M	$542.2M	$449.3M	$574.0M	$666.6M	$769.6M	$761.0M	$807.9M	$604.2M
YoY Change	-2.44%	-24.61%	71.46%	1.08%	-1.75%	-14.3%	15.57%	20.68%	-21.72%	-13.89%	-13.38%	1.13%	-5.81%	33.71%
Long-Term Debt	$2.278B	$2.302B	$2.306B	$1.159B	$1.163B	$1.161B	$1.165B	$1.160B	$1.177B	$1.195B	$1.328B	$1.356B	$1.524B	$954.2M	$0.00
YoY Change	-1.04%	-0.17%	98.98%	-0.34%	0.16%	-0.36%	0.4%	-1.42%	-1.46%	-10.02%	-2.05%	-11.08%	59.76%
Other Long-Term Liabilities	$347.0M	$289.1M	$375.9M	$502.2M	$358.2M	$214.9M	$256.4M	$237.1M	$217.7M	$239.3M	$210.4M	$208.6M	$129.3M	$120.4M	$102.3M
YoY Change	20.03%	-23.09%	-25.15%	40.2%	66.68%	-16.19%	8.14%	8.91%	-9.03%	13.74%	0.86%	61.33%	7.39%	17.69%
Total Long-Term Liabilities	$2.625B	$2.591B	$2.682B	$1.661B	$1.521B	$1.376B	$1.421B	$1.398B	$1.395B	$1.434B	$1.538B	$1.564B	$1.654B	$1.075B	$102.3M
YoY Change	1.31%	-3.39%	61.45%	9.21%	10.55%	-3.22%	1.71%	0.19%	-2.73%	-6.77%	-1.66%	-5.42%	53.89%	950.44%
Total Liabilities	$3.297B	$3.340B	$3.699B	$2.255B	$2.090B	$1.958B	$2.097B	$1.964B	$1.870B	$2.035B	$2.232B	$2.374B	$2.456B	$1.950B	$716.5M
YoY Change	-1.28%	-9.71%	64.05%	7.9%	6.73%	-6.63%	6.76%	5.05%	-8.13%	-8.8%	-6.0%	-3.34%	25.95%	172.16%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013	2012
Basic Shares Outstanding	35.30M	35.90M	38.70M	38.30M	40.30M	42.80M	43.80M	43.48M shares	37.27M shares	16.12M shares
Diluted Shares Outstanding	35.30M	35.90M	39.60M	38.60M	40.70M	43.70M	45.00M	43.48M shares	37.27M shares	16.12M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $147.98 Million

About Trinseo PLC

Trinseo Plc engages in the manufacture and sale of plastics and latex binders. The company is headquartered in Wayne, Pennsylvania and currently employs 3,100 full-time employees. The company went IPO on 2014-06-12. The Company’s segments include Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, Feedstocks, and Americas Styrenics. The Engineered Materials segment consists of rigid thermoplastic compounds and blends products, and soft thermoplastic products. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binder’s applications, such as adhesive and the technical textile paper market. The Plastics Solutions segment includes acrylonitrile-butadiene-styrene, styrene-acrylonitrile, and polycarbonate businesses. The Polystyrene segment includes a variety of general-purpose polystyrenes and polystyrene that has been modified with polybutadiene rubber. The Feedstocks segment includes its production and procurement of styrene monomer outside of North America. The Americas Styrenics segment is a producer of both styrene monomer and polystyrene in North America.

Industry: Plastic Materials, Synth Resins & Nonvulcan Elastomers Peers: AdvanSix Inc. Origin Materials, Inc. Sisecam Resources LP DOW INC. HAWKINS INC Koppers Holdings Inc. KRONOS WORLDWIDE INC TREDEGAR CORP Westlake Chemical Partners LP Zymergen Inc.