The Chemours Company (CC) 10-Year Financial Performance & Capital Metrics

CC • • Industrial / General

Basic MaterialsSpecialty ChemicalsPerformance Coatings & PaintsIndustrial & Automotive Coatings

AboutThe Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through four segments: Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure and BaiMax brands for delivering whiteness, brightness, opacity, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging. The Thermal & Specialized Solutions segment offers of refrigerants, thermal management solutions, propellants, foam blowing agents, and specialty solvents. The Advanced Performance Materials segment products portfolio includes various industrial resins, specialty products, membranes, and coatings for consumer electronics, semiconductors, digital communications, transportation, energy, oil and gas, and medical, and others applications. The Chemical Solutions segment comprises a portfolio of industrial chemicals used as raw materials and catalysts for gold production, clean and disinfect, oil and gas, water treatment, electronics, and automotive applications. The company sells its products through direct and indirect channels, as well as through a network of resellers and distributors. The Chemours Company was founded in 2014 and is headquartered in Wilmington, Delaware.Show more

Revenue $5.78B -4.9%
EBITDA $744M +304.3%
Net Income $86M +136.1%
EPS (Diluted) 0.57 +135.6%
Gross Margin 19.91% -7.4%
EBITDA Margin 12.87% +325.0%
Operating Margin 7.66% +478.6%
Net Margin 1.49% +138.0%
ROE 12.8% +149.6%
ROIC 8.22% +444.0%
Debt/Equity 7.20 +23.7%
Interest Coverage 1.68 +383.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗High debt to equity ratio of 7.2x
✗Negative free cash flow
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.06%

5Y0.91%

3Y-3.05%

TTM0.74%

Profit (Net Income) CAGR

10Y-14.25%

5Y-

3Y-47.9%

TTM-582.61%

EPS CAGR

10Y-12.59%

5Y-

3Y-45.9%

TTM-669.59%

ROCE

10Y Avg9.73%

5Y Avg7.82%

3Y Avg6.44%

Latest7.72%

Peer Comparison

Industrial & Automotive Coatings

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CCThe Chemours Company	2.33B	15.56	27.30	-4.87%	-5.67%	-111%		7.20
AXTAAxalta Coating Systems Ltd.	7.17B	33.61	18.88	1.77%	8.81%	19.57%	6.08%	1.80
KROKronos Worldwide, Inc.	636.24M	5.53	7.37	13.24%	-2.22%	-5.13%	6.76%	0.65

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.72B	5.4B	6.18B	6.64B	5.53B	4.97B	6.34B	6.83B	6.08B	5.78B
Revenue Growth %	-0.11%	-0.06%	0.14%	0.07%	-0.17%	-0.1%	0.28%	0.08%	-0.11%	-0.05%
Cost of Goods Sold+	4.76B	4.29B	4.43B	4.67B	4.46B	3.9B	4.96B	5.21B	4.77B	4.63B
COGS % of Revenue	0.83%	0.79%	0.72%	0.7%	0.81%	0.79%	0.78%	0.76%	0.79%	0.8%
Gross Profit+	955M	1.11B	1.75B	1.97B	1.06B	1.07B	1.38B	1.62B	1.31B	1.15B
Gross Margin %	0.17%	0.21%	0.28%	0.3%	0.19%	0.21%	0.22%	0.24%	0.21%	0.2%
Gross Profit Growth %	-0.3%	0.16%	0.58%	0.12%	-0.46%	0%	0.29%	0.17%	-0.19%	-0.12%
Operating Expenses+	729M	1.01B	682M	739M	616M	619M	707M	830M	1.43B	708M
OpEx % of Revenue	0.13%	0.19%	0.11%	0.11%	0.11%	0.12%	0.11%	0.12%	0.24%	0.12%
Selling, General & Admin	632M	934M	602M	657M	0	0	592M	710M	1.29B	585M
SG&A % of Revenue	0.11%	0.17%	0.1%	0.1%	-	-	0.09%	0.1%	0.21%	0.1%
Research & Development	97M	80M	80M	82M	80M	93M	107M	118M	108M	109M
R&D % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%
Other Operating Expenses	0	0	0	0	536M	526M	8M	2M	31M	14M
Operating Income+	226M	96M	1.07B	1.23B	447M	448M	674M	786M	-123M	443M
Operating Margin %	0.04%	0.02%	0.17%	0.19%	0.08%	0.09%	0.11%	0.12%	-0.02%	0.08%
Operating Income Growth %	-0.58%	-0.58%	10.17%	0.15%	-0.64%	0%	0.5%	0.17%	-1.16%	4.6%
EBITDA+	493M	380M	1.34B	1.52B	715M	768M	991M	1.08B	184M	744M
EBITDA Margin %	0.09%	0.07%	0.22%	0.23%	0.13%	0.15%	0.16%	0.16%	0.03%	0.13%
EBITDA Growth %	-0.38%	-0.23%	2.54%	0.13%	-0.53%	0.07%	0.29%	0.09%	-0.83%	3.04%
D&A (Non-Cash Add-back)	267M	284M	273M	284M	268M	320M	317M	291M	307M	301M
EBIT	226M	208M	1.13B	1.26B	447M	447M	861M	904M	-110M	391M
Net Interest Income+	-132M	-219M	-214M	-195M	-208M	-210M	-185M	-163M	-208M	-264M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	132M	219M	215M	195M	208M	210M	185M	163M	208M	264M
Other Income/Expense	-414M	-107M	-160M	-77M	-427M	-269M	2M	-45M	-195M	-316M
Pretax Income+	-188M	-11M	912M	1.16B	20M	179M	676M	741M	-318M	127M
Pretax Margin %	-0.03%	-0%	0.15%	0.17%	0%	0.04%	0.11%	0.11%	-0.05%	0.02%
Income Tax+	-98M	-18M	165M	159M	72M	-40M	68M	163M	-81M	41M
Effective Tax Rate %	0.48%	-0.64%	0.82%	0.86%	-2.6%	1.22%	0.9%	0.78%	0.75%	0.68%
Net Income+	-90M	7M	746M	995M	-52M	219M	608M	578M	-238M	86M
Net Margin %	-0.02%	0%	0.12%	0.15%	-0.01%	0.04%	0.1%	0.08%	-0.04%	0.01%
Net Income Growth %	-1.23%	1.08%	105.57%	0.33%	-1.05%	5.21%	1.78%	-0.05%	-1.41%	1.36%
Net Income (Continuing)	-90M	7M	747M	996M	-52M	219M	608M	578M	-237M	86M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4M	4M	5M	6M	6M	2M	1M	0	2M	1M
EPS (Diluted)+	-0.50	0.04	3.91	5.45	-0.32	1.32	3.60	3.65	-1.60	0.57
EPS Growth %	-1.23%	1.08%	96.75%	0.39%	-1.06%	5.13%	1.73%	0.01%	-1.44%	1.36%
EPS (Basic)	-0.50	0.04	4.04	5.62	-0.32	1.33	3.69	3.72	-1.60	0.58
Diluted Shares Outstanding	180.99M	183.42M	190.98M	182.57M	164.82M	166.35M	168.7M	158.3M	148.91M	150.01M
Basic Shares Outstanding	180M	181.62M	184.84M	176.97M	164.82M	164.68M	164.94M	155.36M	148.91M	149.49M
Dividend Payout Ratio	-	3.14%	0.03%	0.15%	-	0.75%	0.27%	0.27%	-	1.72%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.3B	2.55B	3.49B	3.29B	2.78B	2.63B	3.35B	3.21B	3.83B	3.03B
Cash & Short-Term Investments	366M	902M	1.56B	1.2B	943M	1.1B	1.45B	1.1B	1.2B	713M
Cash Only	366M	902M	1.56B	1.2B	943M	1.1B	1.45B	1.1B	1.2B	713M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	859M	807M	919M	861M	674M	511M	720M	626M	610M	770M
Days Sales Outstanding	54.84	54.55	54.25	47.34	44.52	37.54	41.42	33.45	36.63	48.61
Inventory	972M	767M	935M	1.15B	1.08B	939M	1.1B	1.4B	1.35B	1.47B
Days Inventory Outstanding	74.5	65.26	77.05	89.71	88.24	87.84	80.81	98.27	103.41	116.02
Other Current Assets	104M	77M	83M	84M	0	78M	0	82M	705M	71M
Total Non-Current Assets+	4B	3.51B	3.8B	4.07B	4.48B	4.45B	4.21B	4.43B	4.42B	4.49B
Property, Plant & Equipment	3.18B	2.78B	3.01B	3.29B	3.85B	3.71B	3.38B	3.41B	3.48B	3.44B
Fixed Asset Turnover	1.80x	1.94x	2.06x	2.02x	1.43x	1.34x	1.88x	2.00x	1.75x	1.68x
Goodwill	166M	153M	153M	153M	153M	153M	102M	102M	102M	46M
Intangible Assets	10M	17M	13M	28M	21M	14M	6M	13M	3M	3M
Long-Term Investments	136M	136M	173M	160M	162M	167M	169M	175M	158M	152M
Other Non-Current Assets	461M	376M	413M	391M	252M	310M	376M	573M	374M	556M
Total Assets+	6.3B	6.06B	7.29B	7.36B	7.26B	7.08B	7.55B	7.64B	8.25B	7.51B
Asset Turnover	0.91x	0.89x	0.85x	0.90x	0.76x	0.70x	0.84x	0.89x	0.74x	0.77x
Asset Growth %	0.05%	-0.04%	0.2%	0.01%	-0.01%	-0.02%	0.07%	0.01%	0.08%	-0.09%
Total Current Liabilities+	1.47B	1.77B	1.65B	1.71B	1.54B	1.44B	1.86B	1.89B	2.49B	1.8B
Accounts Payable	945M	884M	1.07B	1.14B	901M	820M	1.14B	1.21B	1.13B	1.12B
Days Payables Outstanding	72.43	75.21	88.59	88.92	73.69	76.7	83.9	84.69	86.74	88.27
Short-Term Debt	39M	15M	15M	13M	134M	21M	25M	43M	51M	54M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Other Current Liabilities	293M	572M	291M	342M	148M	81M	440M	325M	1.13B	554M
Current Ratio	1.57x	1.44x	2.12x	1.93x	1.80x	1.83x	1.80x	1.70x	1.54x	1.68x
Quick Ratio	0.91x	1.01x	1.55x	1.26x	1.10x	1.17x	1.21x	0.96x	1.00x	0.86x
Cash Conversion Cycle	56.91	44.59	42.71	48.13	59.08	48.67	38.33	47.03	53.31	76.35
Total Non-Current Liabilities+	4.7B	4.18B	4.78B	4.63B	5.02B	4.83B	4.61B	4.64B	5.03B	5.11B
Long-Term Debt	3.92B	3.53B	4.1B	3.96B	4.03B	4B	3.72B	3.59B	3.94B	4.02B
Capital Lease Obligations	0	0	3M	2M	245M	194M	179M	198M	252M	227M
Deferred Tax Liabilities	234M	132M	208M	217M	118M	36M	49M	61M	44M	35M
Other Non-Current Liabilities	542M	519M	466M	448M	625M	585M	656M	793M	789M	824M
Total Liabilities	6.17B	5.96B	6.43B	6.34B	6.56B	6.27B	6.47B	6.53B	7.51B	6.91B
Total Debt+	3.95B	3.54B	4.11B	3.97B	4.47B	4.28B	3.99B	3.88B	4.3B	4.36B
Net Debt	3.59B	2.64B	2.56B	2.77B	3.53B	3.17B	2.54B	2.78B	3.1B	3.64B
Debt / Equity	30.42x	34.08x	4.75x	3.89x	6.43x	5.25x	3.68x	3.50x	5.82x	7.20x
Debt / EBITDA	8.02x	9.33x	3.06x	2.62x	6.25x	5.57x	4.02x	3.60x	23.36x	5.85x
Net Debt / EBITDA	7.28x	6.95x	1.90x	1.83x	4.93x	4.13x	2.56x	2.58x	16.83x	4.90x
Interest Coverage	1.71x	0.44x	4.99x	6.32x	2.15x	2.13x	3.64x	4.82x	-0.59x	1.68x
Total Equity+	130M	104M	865M	1.02B	695M	815M	1.08B	1.11B	739M	605M
Equity Growth %	-0.96%	-0.2%	7.32%	0.18%	-0.32%	0.17%	0.33%	0.02%	-0.33%	-0.18%
Book Value per Share	0.72	0.57	4.53	5.59	4.22	4.90	6.41	6.99	4.96	4.03
Total Shareholders' Equity	126M	100M	860M	1.01B	689M	813M	1.08B	1.11B	737M	604M
Common Stock	2M	2M	2M	2M	2M	2M	2M	2M	2M	2M
Retained Earnings	-115M	-114M	579M	1.47B	1.25B	1.3B	1.75B	2.17B	1.78B	1.72B
Treasury Stock	0	0	-116M	-750M	-1.07B	-1.07B	-1.25B	-1.74B	-1.81B	-1.8B
Accumulated OCI	-536M	-577M	-442M	-564M	-349M	-310M	-364M	-343M	-274M	-367M
Minority Interest	4M	4M	5M	6M	6M	2M	1M	0	2M	1M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	182M	594M	639M	1.14B	650M	807M	814M	755M	556M	-633M
Operating CF Margin %	0.03%	0.11%	0.1%	0.17%	0.12%	0.16%	0.13%	0.11%	0.09%	-0.11%
Operating CF Growth %	-0.64%	2.26%	0.08%	0.78%	-0.43%	0.24%	0.01%	-0.07%	-0.26%	-2.14%
Net Income	-90M	7M	747M	996M	-52M	219M	608M	578M	-238M	86M
Depreciation & Amortization	267M	284M	273M	284M	311M	320M	317M	291M	307M	301M
Stock-Based Compensation	17M	19M	29M	24M	19M	16M	34M	27M	19M	15M
Deferred Taxes	-198M	-111M	83M	23M	-165M	-120M	-77M	20M	-158M	-27M
Other Non-Cash Items	221M	196M	57M	32M	399M	16M	-89M	-58M	6M	44M
Working Capital Changes	-27M	484M	-466M	-206M	138M	356M	21M	-103M	620M	-1.05B
Change in Receivables	-64M	5M	-88M	47M	191M	12M	-225M	91M	0	-152M
Change in Inventory	19M	147M	-208M	-297M	116M	126M	-210M	-294M	58M	-146M
Change in Payables	18M	332M	-170M	44M	-169M	55M	281M	105M	-72M	-9M
Cash from Investing+	-497M	357M	-370M	-487M	-483M	-234M	220M	-284M	-229M	-353M
Capital Expenditures	-519M	-338M	-411M	-498M	-481M	-267M	-277M	-307M	-370M	-360M
CapEx % of Revenue	0.09%	0.06%	0.07%	0.08%	0.09%	0.05%	0.04%	0.04%	0.06%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	12M	708M	39M	46M	10M	6M	509M	23M	141M	7M
Cash from Financing+	687M	-396M	353M	-993M	-419M	-449M	-554M	-686M	172M	-36M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-105M	-22M	-22M	-148M	-164M	-164M	-164M	-154M	-149M	-148M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.69B	7M	-18M	-58M	-21M	-134M	-9M	43M	16M	17M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-337M	256M	228M	642M	169M	540M	537M	448M	186M	-993M
FCF Margin %	-0.06%	0.05%	0.04%	0.1%	0.03%	0.11%	0.08%	0.07%	0.03%	-0.17%
FCF Growth %	-2.4%	1.76%	-0.11%	1.82%	-0.74%	2.2%	-0.01%	-0.17%	-0.58%	-6.34%
FCF per Share	-1.86	1.40	1.19	3.52	1.03	3.25	3.18	2.83	1.25	-6.62
FCF Conversion (FCF/Net Income)	-2.02x	84.86x	0.86x	1.15x	-12.50x	3.68x	1.34x	1.31x	-2.34x	-7.36x
Interest Paid	103M	208M	208M	206M	204M	208M	180M	164M	223M	267M
Taxes Paid	53M	50M	79M	75M	85M	78M	149M	131M	54M	73M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.73%	5.98%	153.97%	105.57%	-6.06%	29.01%	64.1%	52.81%	-25.79%	12.8%
Return on Invested Capital (ROIC)	4.59%	2.23%	26.07%	25.62%	8.37%	8.19%	13.29%	15.71%	-2.39%	8.22%
Gross Margin	16.7%	20.56%	28.37%	29.69%	19.24%	21.47%	21.77%	23.66%	21.49%	19.91%
Net Margin	-1.57%	0.13%	12.07%	14.99%	-0.94%	4.41%	9.58%	8.46%	-3.92%	1.49%
Debt / Equity	30.42x	34.08x	4.75x	3.89x	6.43x	5.25x	3.68x	3.50x	5.82x	7.20x
Interest Coverage	1.71x	0.44x	4.99x	6.32x	2.15x	2.13x	3.64x	4.82x	-0.59x	1.68x
FCF Conversion	-2.02x	84.86x	0.86x	1.15x	-12.50x	3.68x	1.34x	1.31x	-2.34x	-7.36x
Revenue Growth	-11.12%	-5.54%	14.5%	7.36%	-16.75%	-10.08%	27.69%	7.66%	-11.02%	-4.87%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Titanium Technologies	2.39B	-	-	-	2.35B	2.4B	3.35B	3.38B	2.68B	2.57B
Titanium Technologies Growth	-	-	-	-	-	2.43%	39.68%	0.75%	-20.71%	-4.03%
Thermal And Specialized Solutions	-	-	-	-	-	1.1B	1.26B	1.68B	1.82B	1.83B
Thermal And Specialized Solutions Growth	-	-	-	-	-	-	13.76%	33.65%	8.27%	0.60%
Advanced Performance Materials	-	-	-	-	-	1.1B	1.4B	1.62B	1.44B	1.33B
Advanced Performance Materials Growth	-	-	-	-	-	-	26.54%	15.82%	-10.82%	-8.11%
Others	-	-	-	-	-	-	-	116M	85M	-
Others Growth	-	-	-	-	-	-	-	-	-26.72%	-
Chemical Solutions	1.12B	-	-	-	533M	358M	336M	-	-	-
Chemical Solutions Growth	-	-	-	-	-	-32.83%	-6.15%	-	-	-
Fluoroproducts	2.26B	-	-	-	2.65B	-	-	-	-	-
Fluoroproducts Growth	-	-	-	-	-	-	-	-	-	-
Titanium Dioxide And Other Minerals	-	-	-	3.17B	-	-	-	-	-	-
Titanium Dioxide And Other Minerals Growth	-	-	-	-	-	-	-	-	-	-
Fluorochemicals	-	1.09B	1.38B	1.5B	-	-	-	-	-	-
Fluorochemicals Growth	-	-	26.08%	8.64%	-	-	-	-	-	-
Fluoropolymers	-	1.17B	1.28B	1.36B	-	-	-	-	-	-
Fluoropolymers Growth	-	-	8.97%	6.97%	-	-	-	-	-	-
Performance Chemicals And Intermediates	-	383M	306M	313M	-	-	-	-	-	-
Performance Chemicals And Intermediates Growth	-	-	-20.10%	2.29%	-	-	-	-	-	-
Mining Solutions	-	262M	261M	289M	-	-	-	-	-	-
Mining Solutions Growth	-	-	-0.38%	10.73%	-	-	-	-	-	-
Royalty	-	-	-	10M	-	-	-	-	-	-
Royalty Growth	-	-	-	-	-	-	-	-	-	-
Titanium Dioxide	-	2.36B	2.96B	-	-	-	-	-	-	-
Titanium Dioxide Growth	-	-	25.13%	-	-	-	-	-	-	-
Sulfur	-	127M	-	-	-	-	-	-	-	-
Sulfur Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	2.57B	2.29B	2.25B	-	-	-	-	-	2.7B	2.59B
North America Growth	-	-10.97%	-1.44%	-	-	-	-	-	-	-4.04%
Asia Pacific	1.39B	1.31B	1.59B	-	-	-	-	-	1.46B	1.39B
Asia Pacific Growth	-	-5.60%	21.14%	-	-	-	-	-	-	-5.20%
EMEA	977M	-	-	-	-	-	-	-	1.19B	1.14B
EMEA Growth	-	-	-	-	-	-	-	-	-	-4.61%
Latin America	777M	716M	829M	-	-	-	-	-	674M	669M
Latin America Growth	-	-7.85%	15.78%	-	-	-	-	-	-	-0.74%
European Union	-	-	-	67M	41M	3M	-	-	-	-
European Union Growth	-	-	-	-	-38.81%	-92.68%	-	-	-	-
E M E A	-	1.08B	1.51B	-	-	-	-	-	-	-
E M E A Growth	-	-	39.32%	-	-	-	-	-	-	-
CANADA	140M	125M	-	-	-	-	-	-	-	-
CANADA Growth	-	-10.71%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

The Chemours Company (CC) has a price-to-earnings (P/E) ratio of 27.3x. This suggests investors expect higher future growth.

Growth & Financials

The Chemours Company (CC) reported $5.87B in revenue for fiscal year 2024. This represents a 20% decrease from $7.37B in 2012.

The Chemours Company (CC) saw revenue decline by 4.9% over the past year.

The Chemours Company (CC) reported a net loss of $333.0M for fiscal year 2024.

Dividend & Returns

Yes, The Chemours Company (CC) pays a dividend with a yield of 6.34%. This makes it attractive for income-focused investors.

The Chemours Company (CC) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

The Chemours Company (CC) had negative free cash flow of $12.0M in fiscal year 2024, likely due to heavy capital investments.

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