Trinseo PLC (TSEOF) intrinsic value & 10-year financials
Trinseo PLC (TSEOF) has a Graham intrinsic value of $34.73 per share. Over the last 10 fiscal years revenue shrank 2.4% a year to $3.0B, with an average return on invested capital of 7.0%.
- Graham intrinsic value
- $34.73
- Revenue (FY2025)
- $3.0B
- Revenue growth (10-yr CAGR)
- -2.4%
- ROIC (10-yr avg)
- 7.0%
- Free cash flow (FY2025)
- -$153.4M
TSEOF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.0B | -$545.6M | -$15.24 | -$153.4M | -8.5% | -17.0% |
| FY2024 | $3.5B | -$348.5M | -$9.86 | -$77.5M | -1.3% | -2.7% |
| FY2023 | $3.7B | -$701.3M | -$19.88 | $79.0M | -12.4% | -20.6% |
| FY2022 | $5.0B | -$430.9M | -$11.99 | -$104.7M | -7.3% | -12.2% |
| FY2021 | $4.8B | $440.0M | $11.12 | $335.0M | 9.6% | 19.5% |
| FY2020 | $3.0B | $7.9M | $0.20 | $173.1M | 3.0% | 3.4% |
| FY2019 | $3.8B | $92.0M | $2.26 | $212.4M | 3.9% | 8.9% |
| FY2018 | $4.6B | $292.5M | $6.70 | $245.1M | 9.0% | 23.0% |
| FY2017 | $4.4B | $328.3M | $7.30 | $243.9M | 12.1% | 33.6% |
| FY2016 | $3.7B | $318.3M | $6.70 | $279.8M | 13.2% | 33.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Trinseo PLC is facing top-line stagnation, with revenue contracting over the decade.
Trinseo PLC has historically struggled to out-earn its cost of capital, averaging just 6.9% ROIC.
Over the decade, Trinseo PLC shows that management has aggressively returned capital to shareholders by retiring 24.6% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Trinseo PLC is modeled at -2.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $34.73 per share.