Recent News
On October 6, 2025 Trinseo announced strategic operational plans in Europe that include permanent closure of MMA and ACH production at Rho, Italy, potential consolidation of polystyrene production in Germany, and an indefinite suspension of the quarterly $0.01 dividend to conserve cash. On October 9, 2025 Trinseo confirmed receipt of chemically recycled styrene monomer from partner Indaver’s Antwerp depolymerization plant and availability of PS, ABS and SAN made with that recycled monomer under a mass-balance approach.
Technical Analysis
ADX at 80.36 signals very strong trend strength. That strength amplifies the near-term directional bias rather than indicating direction on its own.
Directional indicators show bearish alignment: DI+ at 61.05 moved lower while DI- at 5.09 moved higher; the DI+ decrease and DI- increase both represent bearish directional pressure on price relative to the valuation context, increasing downside risk to the current premium valuation.
MACD stands at 2.45 and trends downward beneath the signal line at 3.25, indicating bearish momentum. The MACD declining below its signal line suggests short-term momentum favors a pullback from current levels rather than continuation.
MRO reads 33.74 and trends lower; a positive MRO implies price above the internal target and thus potential for a downward reversion. The decreasing MRO reduces the magnitude of that over-extension but retains downside potential relative to the current valuation.
RSI sits at 83.45 and trends higher, placing price firmly in overbought territory. High RSI combined with the MACD/signal separation and positive MRO creates a near-term risk of profit-taking or consolidation around resistance bands.
Price sits at $47.91 above the 200-day average of $22.19 and above the 50-day average of $38.62, confirming multi-timeframe strength. The 12-day EMA at $47.76 trends upward and price tracks the 20-day average near $47.89; Bollinger band width remains extremely narrow (upper ≈ $47.91, lower ≈ $47.87), indicating a tight range that often precedes a volatility expansion. Ichimoku short-term lines align with current price (Tenkan $47.88, Kijun $47.93), offering nearby technical equilibrium while the super trend lower at $47.09 provides a short-term support reference.
Volume metrics show the latest session at 451,110 versus a 10-day average volume of 577,351 and a 50-day average of 1,038,160, suggesting lower-than-recent average participation on the latest price action and a divergence between price strength and trading intensity.
Fundamental Analysis
Earnings metrics show EPS actual at negative $0.90 versus an estimate of negative $0.93, producing an EPS surprise of +3.23%. Trailing operating results show EBIT of negative $25,974,000 and EBITDA of negative $25,962,000, with net income at negative $23,092,000 for the period ending 2025-06-30.
Liquidity and capital structure present an unusual profile: cash and short-term investments total $239,234,000 while cash alone equals $31,423,000; cash conversion shows operating cash flow at negative $22,145,000 and free cash flow at negative $20,271,000. The cash ratio reads 23.70, and the current ratio equals 24.68, both indicating materially elevated near-term liquidity relative to typical peer ratios and supporting the company’s ability to fund restructuring costs and operational transitions.
Leverage appears minimal on the balance sheet: total debt stands at $145,000 producing debt-to-assets of 0.054% and debt-to-equity of 0.056%, each below the provided industry peer low and well below peer means, which provides substantial balance-sheet flexibility during the planned European actions.
Profitability metrics remain challenged: return on assets at -8.30% and return on equity at -8.91%, each reflecting negative operating earnings despite recent improvements in cash management. Earnings growth registers modestly positive on the provided aggregate metric at 1.12% but shows negative quarterly and yearly comparisons (earnings growth QoQ -67.78% and YoY -95.25%).
Valuation multiples display disparities versus peers: price-to-book at 2.01 sits above the industry peer mean of 1.15587 and median of 1.2407 but below the peer high of 2.93814. Forward PE and PE multiples report negative values consistent with loss-making results, and enterprise multiple registers negative as well, driven by the operating losses. Free cash flow yield shows negative -3.89% and free cash flow growth remains negative year-over-year. The current valuation as determined by WMDST classifies the stock as over-valued given the combination of negative operating earnings, modest EPS beat on a loss, and a premium on price-to-book versus peer central tendency.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-13 |
| NEXT REPORT DATE: | 2025-10-31 |
| CASH FLOW | Begin Period Cash Flow | $ 35.6 M |
| Operating Cash Flow | $ -22.14 M | |
| Capital Expenditures | $ -7.00 K | |
| Change In Working Capital | $ 1.7 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -3.91 M | |
| End Period Cash Flow | $ 31.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | — | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 12.0 K | |
| Depreciation and Amortization | $ 12.0 K | |
| Research and Development | $ 19.6 M | |
| Total Operating Expenses | $ 26.0 M | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | $ -25.96 M | |
| EBIT | $ -25.97 M | |
| Operating Income | $ -25.97 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | $ -23.09 M | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | $ -23.09 M | |
| Net Income From Continuing Operations | $ -23.09 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.93 | |
| EPS Actual | $ -0.90 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 3.226 % | |
| Forward EPS | $ -0.91 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 269.3 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 259.2 M | |
| Total Current Assets | $ 249.1 M | |
| Cash and Short-Term Investments | $ 239.2 M | |
| Cash | $ 31.4 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | $ 2.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 3.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 10.1 M | |
| Net Debt | — | |
| Total Debt | $ 145.0 K | |
| Total Liabilities | $ 10.1 M | |
| EQUITY | ||
| Total Equity | $ 259.2 M | |
| Retained Earnings | $ -181.32 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 10.09 | |
| Shares Outstanding | 25.692 M | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | $ 520.6 M |
| Enterprise Value | $ 281.5 M | |
| Enterprise Multiple | -10.845 | |
| Enterprise Multiple QoQ | 74.963 % | |
| Enterprise Multiple YoY | 88.419 % | |
| Enterprise Multiple IPRWA | high: 100.927 median: 44.164 mean: 42.845 TRML: -10.845 low: -85.347 |
|
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.039 | |
| Asset To Liability | 26.655 | |
| Debt To Capital | 0.001 | |
| Debt To Assets | 0.001 | |
| Debt To Assets QoQ | -20.588 % | |
| Debt To Assets YoY | -58.462 % | |
| Debt To Assets IPRWA | high: 0.972 median: 0.374 mean: 0.368 low: 0.001 TRML: 0.001 |
|
| Debt To Equity | 0.001 | |
| Debt To Equity QoQ | -20.0 % | |
| Debt To Equity YoY | -57.576 % | |
| Debt To Equity IPRWA | high: 1.939 median: 1.111 mean: 0.96 TRML: 0.001 low: -3.408 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.009 | |
| Price To Book QoQ | 36.572 % | |
| Price To Book YoY | 63.546 % | |
| Price To Book IPRWA | high: 2.938 TRML: 2.009 median: 1.241 mean: 1.156 low: -0.695 |
|
| Price To Earnings (P/E) | -20.853 | |
| Price To Earnings QoQ | 15.806 % | |
| Price To Earnings YoY | -12.467 % | |
| Price To Earnings IPRWA | high: 98.712 median: 98.712 mean: 62.44 TRML: -20.853 low: -80.679 |
|
| PE/G Ratio | -18.553 | |
| Price To Sales (P/S) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | -18.517 | |
| Forward PE/G | -16.474 | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | — | |
| Asset Turnover Ratio QoQ | — | |
| Asset Turnover Ratio YoY | — | |
| Asset Turnover Ratio IPRWA | — | |
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | -0.583 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 259.2 M | |
| Net Invested Capital | $ 259.2 M | |
| Invested Capital | $ 259.2 M | |
| Net Tangible Assets | $ 259.2 M | |
| Net Working Capital | $ 239.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 23.698 | |
| Current Ratio | 24.676 | |
| Current Ratio QoQ | -27.142 % | |
| Current Ratio YoY | -47.351 % | |
| Current Ratio IPRWA | TRML: 24.676 high: 2.83 mean: 1.937 median: 1.774 low: 1.207 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -0.006 | |
| Cost Of Debt | — | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | -2.194 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -6.332 % | |
| Revenue Growth | — | |
| Revenue Growth QoQ | — | |
| Revenue Growth YoY | — | |
| Revenue Growth IPRWA | — | |
| Earnings Growth | 1.124 % | |
| Earnings Growth QoQ | -67.775 % | |
| Earnings Growth YoY | -95.245 % | |
| Earnings Growth IPRWA | high: 192.857 % median: 86.667 % mean: 19.414 % TRML: 1.124 % low: -150.0 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -20.27 M | |
| Free Cash Flow Yield | -3.893 % | |
| Free Cash Flow Yield QoQ | -26.115 % | |
| Free Cash Flow Yield YoY | -10.175 % | |
| Free Cash Flow Yield IPRWA | high: 7.466 % mean: -0.304 % median: -1.031 % TRML: -3.893 % low: -7.463 % |
|
| Free Cash Growth | -6.534 % | |
| Free Cash Growth QoQ | -272.857 % | |
| Free Cash Growth YoY | -131.617 % | |
| Free Cash Growth IPRWA | TRML: -6.534 % high: -59.385 % median: -82.298 % mean: -89.516 % low: -222.999 % |
|
| Free Cash To Net Income | 0.878 | |
| Cash Flow Margin | — | |
| Cash Flow To Earnings | 0.959 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | -8.295 % | |
| Return On Assets QoQ | 7.699 % | |
| Return On Assets YoY | 66.969 % | |
| Return On Assets IPRWA | high: 1.087 % median: 0.033 % mean: -0.185 % low: -3.991 % TRML: -8.295 % |
|
| Return On Capital Employed (ROCE) | -10.021 % | |
| Return On Equity (ROE) | -0.089 | |
| Return On Equity QoQ | 8.54 % | |
| Return On Equity YoY | 72.354 % | |
| Return On Equity IPRWA | high: 0.141 median: 0.01 mean: 0.003 low: -0.056 TRML: -0.089 |
|
| DuPont ROE | — | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |