Kronos Worldwide: Benefiting From Sulfur Shortage

With the surging demand for chloride-based TiO₂, Kronox Holdings presents a good investment opportunity with superior fundamentals to its peers and a better margin structure. Inventories decreased 27% YoY, adding $120 million in cash inflows and boosting operating cash flow, which increased 102% to $2 million. With the sales multiple of 0.5, KRO is trading at a discount to the sector and industry peers and presents us with a 100% upside.