Valhi (VHI)
Market Price (12/28/2025): $12.09 | Market Cap: $344.6 MilSector: Materials | Industry: Commodity Chemicals
Valhi (VHI)
Market Price (12/28/2025): $12.09Market Cap: $344.6 MilSector: MaterialsIndustry: Commodity Chemicals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8% | Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -124% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 144% |
| Low stock price volatilityVol 12M is 49% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.0%, Rev Chg QQuarterly Revenue Change % is -5.6% | |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Sustainable Infrastructure. Themes include Specialty Chemicals for Performance, and Waste Management Solutions. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.7% | |
| Key risksVHI key risks include [1] its predominant dependence on the highly cyclical titanium dioxide (TiO2) market and [2] a substantial debt load that weakens its financial position. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Advanced Materials, and Sustainable Infrastructure. Themes include Specialty Chemicals for Performance, and Waste Management Solutions. |
| Weak multi-year price returns2Y Excs Rtn is -68%, 3Y Excs Rtn is -124% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 144% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.0%, Rev Chg QQuarterly Revenue Change % is -5.6% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.7% |
| Key risksVHI key risks include [1] its predominant dependence on the highly cyclical titanium dioxide (TiO2) market and [2] a substantial debt load that weakens its financial position. |
Why The Stock Moved
Qualitative Assessment
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Here are five key points explaining Valhi (VHI) stock movement from August 31, 2025, to December 28, 2025:
<b>1. Valhi reported a significant net loss in the third quarter of 2025.</b> The company reported a net loss attributable to Valhi stockholders of $22.2 million, or $.78 per share, in the third quarter of 2025, a stark contrast to the net income of $57.5 million, or $2.01 per share, in the third quarter of 2024. This considerable decline in profitability likely contributed to negative investor sentiment.
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<b>2. The Chemicals Segment experienced substantially lower operating results.</b> The primary reason for the decreased net income in Q3 2025 was the poor performance of the Chemicals Segment, which posted an operating loss of $15.9 million in the third quarter of 2025, compared to an operating income of $42.6 million in the same period of 2024. Average selling prices for TiO2, a key product for this segment, also declined by 7% in Q3 2025 compared to Q3 2024.
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<b>3. Increased tax expenses impacted profitability.</b> Valhi's financial results were further impacted by an increase in tax expense during the third quarter of 2025 due to new legislation in Germany, which resulted in a non-cash deferred income tax expense of $19.3 million.
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<b>4. Second-quarter 2025 earnings also showed a significant decline.</b> Preceding the Q3 results, Valhi's second-quarter 2025 net income attributable to stockholders was $0.9 million, or $0.03 per share, a substantial drop from $19.9 million, or $0.70 per share, in the second quarter of 2024, primarily due to lower operating results from the Chemicals Segment.
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<b>5. Analyst sentiment and technical indicators pointed to a negative outlook.</b> Throughout the latter part of 2025, analysts issued "Sell" recommendations for Valhi, and technical analyses showed a bearish trend. As of December 19, 2025, StockInvest.us downgraded its analysis to a "Sell" candidate due to technical weaknesses, and ValueInvesting.io indicated a consensus "Sell" recommendation from analysts. These negative recommendations and technical signals could have further pressured the stock price.
Show moreStock Movement Drivers
Fundamental Drivers
The -23.0% change in VHI stock from 9/27/2025 to 12/27/2025 was primarily driven by a -81.0% change in the company's Net Income Margin (%).| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.70 | 12.08 | -23.03% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2093.50 | 2063.40 | -1.44% |
| Net Income Margin (%) | 4.69% | 0.89% | -80.97% |
| P/E Multiple | 4.56 | 18.71 | 310.35% |
| Shares Outstanding (Mil) | 28.50 | 28.50 | 0.00% |
| Cumulative Contribution | -23.03% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VHI | -23.0% | |
| Market (SPY) | 4.3% | 21.0% |
| Sector (XLB) | 3.8% | 42.1% |
Fundamental Drivers
The -24.5% change in VHI stock from 6/28/2025 to 12/27/2025 was primarily driven by a -83.9% change in the company's Net Income Margin (%).| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 15.99 | 12.08 | -24.47% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2112.80 | 2063.40 | -2.34% |
| Net Income Margin (%) | 5.54% | 0.89% | -83.91% |
| P/E Multiple | 3.89 | 18.71 | 380.71% |
| Shares Outstanding (Mil) | 28.50 | 28.50 | 0.00% |
| Cumulative Contribution | -24.47% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VHI | -24.5% | |
| Market (SPY) | 12.6% | 29.8% |
| Sector (XLB) | 5.4% | 54.0% |
Fundamental Drivers
The -44.6% change in VHI stock from 12/27/2024 to 12/27/2025 was primarily driven by a -79.4% change in the company's Net Income Margin (%).| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 21.79 | 12.08 | -44.57% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2076.90 | 2063.40 | -0.65% |
| Net Income Margin (%) | 4.34% | 0.89% | -79.44% |
| P/E Multiple | 6.89 | 18.71 | 171.41% |
| Shares Outstanding (Mil) | 28.50 | 28.50 | 0.00% |
| Cumulative Contribution | -44.57% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VHI | -44.6% | |
| Market (SPY) | 17.0% | 32.5% |
| Sector (XLB) | 10.2% | 46.0% |
Fundamental Drivers
The -41.5% change in VHI stock from 12/28/2022 to 12/27/2025 was primarily driven by a -85.3% change in the company's Net Income Margin (%).| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 20.67 | 12.08 | -41.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 2503.10 | 2063.40 | -17.57% |
| Net Income Margin (%) | 6.06% | 0.89% | -85.28% |
| P/E Multiple | 3.89 | 18.71 | 381.60% |
| Shares Outstanding (Mil) | 28.50 | 28.50 | 0.00% |
| Cumulative Contribution | -41.55% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VHI | -19.8% | |
| Market (SPY) | 48.0% | 30.3% |
| Sector (XLB) | 10.9% | 37.7% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VHI Return | -30% | 92% | -23% | -29% | 56% | -49% | -41% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| VHI Win Rate | 33% | 58% | 42% | 50% | 50% | 25% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| VHI Max Drawdown | -59% | 0% | -27% | -49% | -18% | -49% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | VHI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -79.5% | -25.4% |
| % Gain to Breakeven | 387.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -59.1% | -33.9% |
| % Gain to Breakeven | 144.6% | 51.3% |
| Time to Breakeven | 307 days | 148 days |
| 2018 Correction | ||
| % Loss | -81.0% | -19.8% |
| % Gain to Breakeven | 426.3% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -80.3% | -56.8% |
| % Gain to Breakeven | 408.8% | 131.3% |
| Time to Breakeven | 276 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Valhi's stock fell -79.5% during the 2022 Inflation Shock from a high on 6/7/2022. A -79.5% loss requires a 387.7% gain to breakeven.
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- Titanium Dioxide Pigments: Manufactures and markets titanium dioxide pigments used in various products such as coatings, plastics, paper, and fibers.
- Security Products: Designs, manufactures, and markets mechanical and electrical locks and other specialized security products for a wide range of applications.
- Ergonomic Components: Produces gas springs and monitor arms primarily for the office furniture and other industrial markets.
AI Analysis | Feedback
Valhi (symbol: VHI) is a diversified holding company whose operating subsidiaries primarily sell to other businesses (B2B) rather than directly to individual consumers.
Based on the company's public filings, Valhi does not have individual major customers that account for a significant portion (e.g., more than 10%) of its consolidated net sales. Instead, its subsidiaries serve a broad and diversified base of industrial and commercial clients globally. Therefore, specific customer company names with their symbols cannot be provided. However, the major categories of customer companies served by Valhi's principal operating subsidiaries include:
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For Kronos Worldwide, Inc. (KRO) - Titanium Dioxide Pigments:
- Manufacturers of paints and coatings
- Manufacturers of plastics
- Manufacturers of paper
- Producers of inks, fibers, and ceramics
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For CompX International Inc. (CIX) - Security Products and Marine Components:
- Original Equipment Manufacturers (OEMs) for office and institutional furniture, postal equipment, healthcare equipment, and other diversified industrial applications
- Manufacturers of recreational boats (for marine components)
- Specialty steel fabricators, distributors, and locksmiths
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For Waste Control Specialists LLC - Waste Services:
- Industrial companies requiring hazardous, industrial, and radioactive waste disposal
- Government entities
- Utility companies
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Michael S. Simmons, Chief Executive Officer, President and Vice Chairman of the Board
Michael S. Simmons became Chief Executive Officer of Valhi, Inc. on January 1, 2023, and President on May 26, 2022. He also serves as Vice Chairman of the Board. Prior to these roles at Valhi, he served as Executive Vice President of NL Industries, Inc. from June 2022 to January 2023. Mr. Simmons also holds the position of Vice Chairman at Kronos Worldwide, Inc. since January 1, 2023. He previously held roles as VP:Finance at Kronos Worldwide, Inc., Dir:Special Projects at Contrans Group Inc., and VP/Chief Accounting Officer at Valhi Inc.
Amy Allbach Samford, Executive Vice President and Chief Financial Officer
Amy Allbach Samford serves as the Executive Vice President and Chief Financial Officer of Valhi, Inc. She assumed the role of Director of Finance/CFO on June 1, 2021. Her previous roles include Chief Financial Officer & Senior Vice President.
Courtney J. Riley, Executive Vice President
Courtney J. Riley is an Executive Vice President at Valhi, Inc. She has also served as Executive Vice President, Environmental Affairs.
Andrew B. Nace, Executive Vice President and General Counsel
Andrew B. Nace holds the position of Executive Vice President and General Counsel for Valhi, Inc. He also serves as Public Communications Contact. He has served as Executive Vice President and General Counsel.
John A. Sunny, Executive Vice President and Chief Information Officer
John A. Sunny is an Executive Vice President and Chief Information Officer at Valhi, Inc. He has also been noted as Senior Vice President-Information Technology and Chief Tech/Sci/R&D Officer.
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Valhi (VHI) faces several key risks to its business, primarily stemming from its significant exposure to the cyclical titanium dioxide (TiO2) market and its considerable debt load. The key risks include:- Dependence on the Titanium Dioxide (TiO2) Market and its Cyclicality: Valhi is predominantly leveraged to the performance of the TiO2 market through its Chemicals Segment, mainly its subsidiary Kronos Worldwide. The demand for and prices of TiO2 products are highly susceptible to changing market conditions, which can lead to reduced earnings or operating losses. Recent performance shows the company encountering headwinds from lower TiO2 prices and destocking of volumes, which has pressured the chemical segment's operating income. The end-market environment for TiO2, influenced by factors such as housing starts and construction rates, has been described as weak. Additionally, competition from Chinese suppliers with less stringent regulatory and environmental requirements poses a risk.
- High Debt Levels and Weak Financial Position: Valhi carries a substantial amount of debt, which analysts have identified as a significant risk to the company. As of March 2025, the company had total debt of approximately $607.8 million, with net debt around $411.4 million. Its liabilities of $758.8 million exceeded its cash and near-term receivables combined. This suggests that Valhi would likely require a major recapitalization if it needed to repay its creditors immediately. Furthermore, the company has burned a considerable amount of cash over the last three years, increasing the risk associated with its debt.
- Fluctuations in Raw Material Costs and Supply: The profitability of Valhi's Chemicals Segment is sensitive to changes in the cost and supply of raw materials, such as ore, zinc, brass, aluminum, steel, and energy. While downstream TiO2 prices have been falling, the prices of inputs like rutile ore have remained relatively stable due to structural supply limitations. This imbalance can compress income. Underinvestment in certain regions and cost sensitivities in others also affect the availability and grades of these essential inputs.
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Valhi, Inc. (VHI) operates primarily through three segments: Chemicals, Component Products, and Real Estate Management and Development. Here's an overview of the addressable markets for their main products and services:Chemicals Segment: Titanium Dioxide Pigments
Valhi, through its subsidiary Kronos Worldwide, Inc., produces and markets titanium dioxide (TiO2) pigments, which are utilized in a wide range of industrial and consumer products, including paints, coatings, plastics, paper, and cosmetics.
- The global titanium dioxide market was valued at approximately USD 22.28 billion in 2024. Projections indicate growth to USD 40.07 billion by 2032, with a compound annual growth rate (CAGR) of 7.1% from 2025 to 2032. Other estimates place the 2024 value at USD 20.9 billion, growing to USD 35 billion by 2034 at a CAGR of 5.3%. Another report estimates the market at USD 22.08 billion in 2024, expecting it to reach USD 38.58 billion by 2033, with a CAGR of 6.4% during 2025–2033.
- Asia Pacific dominated the global titanium dioxide market in 2024, holding a share of 53.95%.
Component Products Segment: Security Products and Recreational Marine Products
This segment, through CompX International Inc., manufactures security products for various industries such as postal, recreational transportation, office and institutional furniture, cabinetry, tool storage, and healthcare. It also produces wake enhancement systems, stainless steel exhaust systems, gauges, throttle controls, trim tabs, and related hardware for the recreational marine industry.
- The global electronic components market, which can include some of these products, was valued at approximately USD 393.63 billion in 2024 and is projected to reach USD 847.88 billion by 2032, growing at a CAGR of 10.3% during the forecast period (2025-2032). Another source estimates the global electronic components market size at USD 442.82 billion in 2024, expected to reach USD 1,180.28 billion by 2034, with a CAGR of 10.3% from 2024 to 2034. Asia Pacific is a dominant region in this market.
- While a specific global market size for "security products used in the postal, recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare, and a variety of other industries" as a consolidated market, or for "recreational marine industry products" in the specific detail that Valhi provides them, is not readily available, the broader electronic components market provides some context for a portion of this segment's offerings. The global industrial component hardware market was not specifically quantified in the search results but is noted to be growing.
Real Estate Management and Development Segment
This segment involves owning and developing real property in Henderson, Nevada, for commercial, industrial, and residential purposes.
- A specific addressable market size for real estate development solely within Henderson, Nevada, is not available through the conducted searches. The real estate market is highly localized, and comprehensive market sizing at this granular level is typically found in specialized local reports.
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Valhi (NYSE: VHI) is expected to see future revenue growth driven by several key factors across its operating segments over the next two to three years:
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Increased Sales Volumes for Titanium Dioxide (TiO2): Valhi's Chemicals segment, primarily Kronos Worldwide, anticipates revenue growth through higher sales and production volumes, particularly within its North American and European markets. This was evidenced by stronger volumes in Q1 2025.
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Favorable Titanium Dioxide (TiO2) Selling Prices: While market conditions can lead to fluctuations, improved or sustained elevated average TiO2 selling prices are a crucial driver for the Chemicals segment's revenue expansion. Higher selling prices contributed to increased net income for Kronos in Q1 2025.
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Growing Demand for Security Products: The Component Products segment, through CompX International, is poised for continued revenue growth. This is largely propelled by increased demand for its security products, especially from the government security and healthcare sectors. CompX reported significant sales increases in these areas during 2025.
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Strong Market for Marine Components: CompX International's Marine Components division is projected to maintain its robust revenue growth trajectory. This growth is fueled by strong demand from diverse markets, including government, towboat, and industrial sectors, as seen in recent quarterly results.
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Synergies and Expanded Capacity from Strategic Acquisitions: The full integration of the Louisiana Pigment Company (LPC) acquisition into Kronos Worldwide is expected to enhance revenue. This move provides Kronos with greater control over a key TiO2 production source and is anticipated to boost annual production volumes by 15-20%.
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Share Repurchases
- As of September 30, 2025, Valhi had approximately 0.3 million shares available to repurchase under authorizations made by its board of directors.
- Kronos, a majority-owned subsidiary of Valhi, had its board of directors authorize the repurchase of up to 2.0 million shares of its common stock.
Outbound Investments
- Effective July 16, 2024, Valhi's Chemicals Segment acquired the remaining 50% joint venture interest in Louisiana Pigment Company, L.P. (LPC) from Venator Investments, Ltd., making LPC a wholly-owned subsidiary.
- This acquisition resulted in a non-cash gain of $64.5 million, or $33.6 million net of tax and noncontrolling interest, recognized in the third quarter and first nine months of 2024, related to the remeasurement of the investment.
Capital Expenditures
- Valhi anticipates aggregate capital expenditures for 2025 to be approximately $58 million, comprising $55 million for its Chemicals Segment and $3 million for its Component Products Segment.
- In addition, Valhi's Real Estate Management and Development Segment (LandWell) expects to incur approximately $53 million in land development costs during 2025.
- For 2024, Valhi expected aggregate capital expenditures of approximately $53 million, with $50 million for the Chemicals Segment and $3 million for the Component Products Segment, alongside an estimated $55 million for land development costs by LandWell.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
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Select ideas related to VHI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 7.6% | 7.6% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.4% | -1.4% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 51.0% | 51.0% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 30.6% | 30.6% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.2% | 6.2% | -2.5% |
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Peer Comparisons for Valhi
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.32 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Chemicals | 1,666 | 1,930 | 1,939 | 1,639 | 1,731 |
| Component products | 161 | 167 | 141 | 114 | 124 |
| Real estate management and development | 94 | 126 | 216 | 96 | 42 |
| Total | 1,922 | 2,222 | 2,296 | 1,850 | 1,898 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Real estate management and development | 50 | 39 | 97 | 48 | 15 |
| Component products | 25 | 25 | 20 | 12 | 18 |
| Chemicals | -41 | 175 | 201 | 126 | 160 |
| Total | 34 | 239 | 319 | 186 | 193 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Chemicals | 2,197 | 2,294 | 2,373 | 2,401 | 2,332 |
| Real estate management and development | 201 | 219 | 259 | 171 | 192 |
| Corporate and eliminations | 198 | 192 | 226 | 179 | 138 |
| Component products | 142 | 131 | 146 | 138 | 132 |
| Total | 2,737 | 2,836 | 3,005 | 2,889 | 2,794 |
Price Behavior
| Market Price | $12.08 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 06/04/1986 | |
| Distance from 52W High | -49.4% | |
| 50 Days | 200 Days | |
| DMA Price | $13.02 | $15.38 |
| DMA Trend | down | down |
| Distance from DMA | -7.2% | -21.4% |
| 3M | 1YR | |
| Volatility | 53.5% | 49.0% |
| Downside Capture | 142.10 | 139.32 |
| Upside Capture | -12.39 | 59.37 |
| Correlation (SPY) | 20.7% | 32.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.95 | 1.21 | 1.35 | 1.57 | 0.87 | 1.09 |
| Up Beta | -1.30 | 0.12 | 0.66 | 1.63 | 0.91 | 0.98 |
| Down Beta | -0.34 | 1.65 | 1.58 | 1.59 | 0.44 | 0.77 |
| Up Capture | 80% | 34% | 50% | 104% | 54% | 127% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 8 | 16 | 23 | 51 | 102 | 327 |
| Down Capture | 211% | 191% | 204% | 183% | 126% | 108% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 12 | 26 | 40 | 75 | 147 | 416 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of VHI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| VHI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -43.3% | 9.9% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 48.7% | 19.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -1.00 | 0.36 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 46.0% | 32.6% | 3.3% | 2.1% | 34.9% | 33.6% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of VHI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| VHI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -4.7% | 7.2% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 56.1% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.14 | 0.29 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 38.7% | 32.2% | 9.5% | 16.5% | 28.8% | 13.6% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of VHI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| VHI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -0.9% | 10.1% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 65.9% | 20.7% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.28 | 0.44 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 37.8% | 29.9% | 2.5% | 20.2% | 22.3% | 11.1% | |
ETFs used for asset classes: Sector ETF = XLB, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 5.5% | -2.0% | -0.7% |
| 8/7/2025 | 1.4% | 11.1% | 7.6% |
| 3/6/2025 | 3.2% | 5.9% | 1.3% |
| 11/7/2024 | 6.9% | -31.9% | -35.9% |
| 8/8/2024 | 12.4% | 38.0% | 70.5% |
| 3/7/2024 | 7.0% | 5.4% | 17.6% |
| 11/6/2023 | 0.4% | 7.0% | 31.4% |
| 8/3/2023 | -5.6% | -11.2% | -8.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 10 | 12 |
| # Negative | 7 | 8 | 6 |
| Median Positive | 5.5% | 12.0% | 15.9% |
| Median Negative | -2.2% | -11.0% | -15.7% |
| Max Positive | 12.4% | 38.0% | 70.5% |
| Max Negative | -21.0% | -31.9% | -35.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 3062025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5092024 | 10-Q 3/31/2024 |
| 12312023 | 3072024 | 10-K 12/31/2023 |
| 9302023 | 11062023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5042023 | 10-Q 3/31/2023 |
| 12312022 | 3092023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 3102022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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