Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionValhi Inc. Common Stock (VHI)
Fair value (2 models)
Not available
ACCE price target
$14.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $14.32 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
48
out of 100
Analysts
0% buy
1 covering
P/E
0.0x
forward 78.1x
1-year return
-0.7%
Dividend yield
2.29%
Valhi Inc. Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Valhi is a small chemicals holding company whose main operating asset is Kronos Worldwide, a producer of titanium dioxide pigment used in paints, plastics and paper, alongside component products and real estate. Its case rests on a mid-cycle recovery in TiO2 pricing and volumes, which would lift a business currently earning a thin 6.7% operating margin on a 14.9% gross margin. Revenue grew 12.2%, but the company is still loss-making at the return-on-equity line (-3.0%), and the 78.1x forward multiple shows the market is pricing in a substantial earnings rebound that has not yet appeared. With a $416M market cap and no index membership, it is under-followed, which can make it cheap on the right cycle turn and punishing on the wrong one. Worth a deeper look only if you have a view on TiO2 pricing and the holding-company discount.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Negative free cash flow
FCF of -$82.1M against a $402M market cap is a large cash burn. Net margin is -2.4% and ROE is -3.0%, so the business is not yet covering its outflows from earnings.
moderate
Thin float, heavy insider control
Insiders hold 91.5% and institutions 4.2%, leaving a small tradable float. Price moves could be sharper than the company's fundamentals alone would imply.
moderate
Sequential revenue drop
Revenue fell 12.7% quarter over quarter even though it grew 12.2% year over year. The most recent quarter is weaker than the trend suggests.
AI research notes
AI-assisted·How I use AIWritten Oct 13, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 12.2% year over year in the latest 10-Q, well ahead of its 2.3% average annual pace over five years.
Debt is modest at 0.60 times equity, and the share count did not rise over the last fiscal year.
The stock still pays a 2.1% dividend yield, which gives income holders something while the business works through its losses.
Why it could disappoint
Free cash flow over the last twelve months was negative at -$82M, so the business is consuming cash rather than generating it.
Analysts' mean price target of $12.00 sits 16.1% below the $14.30 share price, and none rate the stock Buy or Strong Buy.
Earnings missed expectations by 18.7%, with EPS of 0.78 against 0.96 expected, and the net margin remains negative at -2.4%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where VHI's valuation models land
Price
$14.32
Model fair valueConfidence: low
about $70.77
Model
Fair value
Upside
Analyst consensus
Sales comps
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores