Company profile

Ticker
VHI
Exchange
Website
CEO
Robert Dennis Graham
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
870110150

VHI stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

12 Mar 20
30 Mar 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 414.1M 475.2M 528.6M 479.6M
Net income 10.8M 13.1M 7.1M 18.2M
Diluted EPS 0.03 0.04 0.02 0.05
Net profit margin 2.61% 2.76% 1.34% 3.79%
Operating income 25M 41.4M 65.9M 60.4M
Net change in cash 19.4M 33.9M 6.6M -35.9M
Cash on hand 523.8M 504.4M 470.5M 463.9M
Cost of revenue 322.9M 376.8M 405.4M 357.8M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.9B 1.82B 1.88B 1.52B
Net income 49.2M 262.2M 207.5M -15.9M
Diluted EPS 0.14 0.77 0.61 -0.05
Net profit margin 2.59% 14.41% 11.04% -1.05%
Operating income 192.7M 370.7M 380.3M 119.2M
Net change in cash 24M 64.1M 276M -42.6M
Cash on hand 523.8M 499.8M 435.7M 159.7M
Cost of revenue 1.46B 1.21B 1.27B 1.21B

Financial data from Valhi earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
23 May 19 Mary A. Tidlund Common stock, $0.01 par value per share Grant Aquire A 0 10,000 0 16,900
23 May 19 Loretta J. Feehan Common stock, $0.01 par value per share Grant Aquire A 0 10,000 0 19,900
23 May 19 Terri Herrington Common stock, $0.01 par value per share Grant Aquire A 0 10,000 0 12,900
23 May 19 Thomas E Barry Common stock, $0.01 par value per share Grant Aquire A 0 10,000 0 68,400
2.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 75 67 +11.9%
Opened positions 13 6 +116.7%
Closed positions 5 13 -61.5%
Increased positions 21 19 +10.5%
Reduced positions 22 21 +4.8%
13F shares
Current Prev Q Change
Total value 50.97M 49.03M +4.0%
Total shares 9.8M 11.1M -11.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 1.75M $3.28M +0.6%
Renaissance Technologies 1.55M $2.9M +5.8%
California Public Employees Retirement System 1.3M $2.44M 0.0%
NTRS Northern Trust 422.11K $789K -5.9%
STT State Street 419.3K $784K +18.8%
BK Bank Of New York Mellon 386.71K $724K -66.4%
Geode Capital Management 365.23K $682K +2.2%
Greenbrier Partners Capital Management 334.63K $626K -2.4%
Arrowstreet Capital, Limited Partnership 302.11K $565K -13.0%
Raymond James & Associates 274.05K $512K -14.4%
Largest transactions
Shares Bought/sold Change
BK Bank Of New York Mellon 386.71K -763.21K -66.4%
Zebra Capital Management 59.53K -349.94K -85.5%
Fondren Management 0 -275K EXIT
JPM JPMorgan Chase & Co. 220.76K -193.87K -46.8%
Millennium Management 160.74K +160.74K NEW
Chicago Equity Partners 150.16K -106.37K -41.5%
GS Goldman Sachs 114K +94.8K +493.8%
Renaissance Technologies 1.55M +85.56K +5.8%
STT State Street 419.3K +66.33K +18.8%
Russell Investments 0 -61.14K EXIT

Financial report summary

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Risks
  • Our assets consist primarily of investments in our operating subsidiaries, and we are dependent upon distributions from our subsidiaries to service our liabilities.
  • Demand for, and prices of, certain of our Chemicals Segment’s products are influenced by changing market conditions for its products, which may result in reduced earnings or operating losses.
  • Higher costs or limited availability of our raw materials may reduce our earnings and decrease our liquidity. In addition, many of our raw material contracts contain fixed quantities we are required to purchase.
  • We could incur significant costs related to legal and environmental remediation matters.
  • Many of the markets in which our Component Products Segment operates are mature and highly competitive resulting in pricing pressure and the need to continuously reduce costs.
  • Our development of innovative features for current products is critical to sustaining and growing our Component Product Segment’s sales.
  • If our intellectual property were to be declared invalid, or copied by or become known to competitors, or if our competitors were to develop similar or superior intellectual property or technology, our ability to compete could be adversely impacted.
  • Our Real Estate Management and Development Segment owns a significant amount of real property in Henderson, Nevada. A prolonged downturn in the local real estate market in Nevada could negatively impact our ability to successfully complete the development of such real property.
  • Our leverage may impair our financial condition or limit our ability to operate our businesses.
  • Global climate change legislation could negatively impact our financial results or limit our ability to operate our businesses.
  • Technology failures or cyber security breaches could have a material adverse effect on our operations.
Management Discussion
  • We are primarily a holding company. We operate through our wholly-owned and majority-owned subsidiaries, including NL Industries, Inc., Kronos Worldwide, Inc., CompX International, Inc., Tremont LLC, Basic Management, Inc. (“BMI”) and the LandWell Company (“LandWell”).   Kronos (NYSE: KRO), NL (NYSE: NL) and CompX (NYSE American: CIX) each file periodic reports with the SEC.  
  • On January 26, 2018 we completed the sale of our Waste Management Segment to JFL-WCS Partners, LLC ("JFL Partners"), an entity sponsored by certain investment affiliates of J.F. Lehman & Company, for consideration consisting of the assumption of all of WCS' third-party indebtedness and other liabilities.  Accordingly the results of operations of our Waste Management Segment is reflected as discontinued operations in our Consolidated Statements of Income for the years ended December 31, 2017 and 2018.  We recognized a pre-tax gain of approximately $58 million on the transaction in the first quarter of 2018 because the carrying value of the liabilities of the business assumed by the purchaser exceeded the carrying value of the assets sold at the time of sale in large part due to a long-lived asset impairment of $170.6 million recognized with respect to the Waste Management Segment in the second quarter of 2017.  Such pre-tax gain is classified as part of discontinued operations.  Our Waste Management Segment, which operated in the low-level radioactive, hazardous, toxic and other waste disposal industry historically struggled to generate sufficient recurring disposal volumes to generate positive operating results or cash flows.  The sale enabled us to focus more effort on continuing to develop our remaining segments which we believe have greater opportunity for higher returns.  See Note 3 to our Consolidated Financial Statements.
  • We reported net income from continuing operations attributable to Valhi stockholders of $49.2 million or $.14 per diluted share in 2019 compared to $228.1 million or $.67 per diluted share in 2018.
Content analysis ?
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