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Titan America S.A.

TTAM NYSE Categories PDF
Basic Materials · Construction Materials
Brussels, BRU 1000, Belgium IPO 2025 titan-cement.com Updated Jun 27, 8:59am
Price
$19.32
Market Cap
$3.6B
Employees
2,742
Beta
1.13
Avg Volume
250,948
CEO
Vassilios S. Zarkalis
Business Description

Titan America S.A. specializes in the production of construction supplies. The firm is involved in the fabrication and distribution of various items, including cement, pre-mixed concrete, crushed stone, powdered mortar, concrete blocks, and other related concrete commodities. This company serves clients across the globe.

Business History
Price Overview
Last updated: Jun 27, 2026 8:59am (just now)
$19.32
+0.02 (+0.10%)
Day Range
$18.86 – $19.43
52-Week Range
$12.18 – $19.57
50-Day MA
$16.49
200-Day MA
$16.27
Volume
322,505.00
Analyst Price Targets
Low $18.50
Consensus $18.50
High $18.50
(6 analysts)
Share Structure
Outstanding 184,362,465.00
Float 24,549,722.00
Free Float 13.3%
Very low free float — 13.3% of shares trade freely, ~86.7% held by insiders/institutions
Thinly traded — expect wider bid-ask spreads and sharp price swings on modest volume. Institutional investors may avoid due to liquidity constraints.
Price History (1 Year)
Last updated: Jun 27, 2026 8:59am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 21, 2026 7:18pm (5d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
19.24
Stock Price: $19.32
EPS (Diluted): 1.01
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
2.92
Stock Price: $19.32
Total Equity: $1.03B
Shares: 183,463,266
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
10.02
Market Cap: $3.56B
Total Debt: $395.83M
Cash: $211.75M
EBITDA: $376.12M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$3.3B
Market Cap: $3.56B
Total Debt: $395.83M
Cash: $211.75M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
26.1%
Gross Profit: $434.99M
Revenue: $1.66B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
16.3%
Operating Income: $271.50M
Revenue: $1.66B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
11.1%
Net Income: $185.44M
Revenue: $1.66B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
18.4%
Net Income: $185.44M
Total Equity: $1.03B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
11.7%
Operating Income: $271.50M
Tax Rate: 24.3%
Equity: $1.03B
Total Debt: $395.83M
Cash: $211.75M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
3.03
Current Assets: $609.96M
Current Liabilities: $201.22M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.38
Short-Term Debt: $5.39M
Long-Term Debt: $390.44M
Total Debt: $395.83M
Total Equity: $1.03B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$9.07
Revenue: $1.66B
Shares: 183,463,266
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$5.64
Total Equity: $1.03B
Shares: 183,463,266
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.64
Operating CF: $277.64M
CapEx: -$160.55M
Shares: 183,463,266
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
1.0%
Last Dividend: N/A
Stock Price: $19.32
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $185.44M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TTAM against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 7:18pm (5d ago)
Metric 2021 2022 2023 2024 2025
Revenue $1.2B $1.4B $1.6B $1.6B $1.7B
Cost of Revenue $956.3M $1.1B $1.2B $1.2B $1.2B
Gross Profit $196.2M $221.3M $363.5M $416.7M $435.0M
Operating Expenses $102.0M $124.2M $137.9M $165.3M $163.5M
Operating Income $94.2M $97.0M $225.6M $251.4M $271.5M
Net Income $59.2M $62.7M $155.2M $166.1M $185.4M
EBITDA $177.4M $188.8M $314.2M $348.7M $376.1M
EPS $0.32 $0.34 $0.84 $0.90 $1.01
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:18pm (5d ago)
Metric 2022 2023 2024 2025
Cash & Equivalents $29.8M $22.0M $12.1M $211.8M
Total Current Assets $356.9M $372.9M $384.3M $610.0M
Total Assets $1.4B $1.5B $1.6B $1.9B
Current Liabilities $325.5M $492.0M $239.0M $201.2M
Long-Term Debt $320.2M $76.3M $358.2M $390.4M
Total Liabilities $854.5M $779.0M $816.2M $859.8M
Total Equity $592.7M $719.8M $750.0M $1.0B
Retained Earnings $398.7M $518.6M $597.3M $777.7M
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:18pm (5d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $146.7M $178.4M $227.1M $248.0M $277.6M
Capital Expenditure -$71.5M -$128.3M -$118.7M -$135.4M -$160.5M
Free Cash Flow $75.2M $50.1M $108.4M $112.6M $117.1M
Acquisitions (net) $0 $272,000 $0 $0 $1.1M
Debt Repayment
Dividends Paid
Stock Buybacks -$83.3M $0 $0 -$51.6M $0
Net Change in Cash -$121.3M $29.6M -$7.8M -$9.9M $199.6M
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 8:59am (just now)
Metric 2026 2027 2028 2029
Revenue $1.7B
$1.7B – $1.8B
$1.9B
$1.8B – $1.9B
$2.0B
$2.0B – $2.0B
$2.1B
$2.0B – $2.1B
EBITDA $560.9M
$553.3M – $572.7M
$603.1M
$594.9M – $615.8M
$643.1M
$634.4M – $656.7M
$670.1M
$661.0M – $684.2M
Net Income $200.5M
$198.7M – $202.4M
$230.1M
$220.9M – $237.5M
$269.1M
$264.3M – $276.4M
$285.0M
$280.0M – $292.8M
EPS
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:18pm (5d ago)
Metric 2022 2023 2024 2025
Revenue Growth +18.4% +16.7% +2.7% +1.8%
Gross Profit Growth +12.8% +64.3% +14.6% +4.4%
Operating Income Growth +3.0% +132.5% +11.4% +8.0%
Net Income Growth +5.9% +147.5% +7.0% +11.7%
EBITDA Growth +6.4% +66.4% +11.0% +7.9%
Insider Trading (Recent)
Type codes PPurchase SSale AAward / grant MOption exercise FIn-kind (tax) CConversion GGift DReturn to issuer
All SEC Form 4 codes
Open market
P Purchase
Open-market or private purchase of shares.
S Sale
Open-market or private sale of shares.
Compensation (Rule 16b-3)
A Award / grant
Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
D Return to issuer
Securities disposed back to the company under Rule 16b-3.
F In-kind (tax)
Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
I Discretionary
Discretionary transaction under an employee plan — Rule 16b-3(f).
M Option exercise
Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
C Conversion
Conversion of a derivative security into the underlying shares.
E Short expiration
Expiration of a short derivative position.
H Long expiration
Expiration or cancellation of a long derivative position with value received.
O OTM exercise
Exercise of an out-of-the-money derivative.
X ITM exercise
Exercise of an in-the-money or at-the-money derivative.
Other exempt
G Gift
Bona fide gift of securities.
L Small acquisition
Small acquisition under Rule 16a-6.
W Inheritance
Acquisition or disposition by will or the laws of descent.
Z Voting trust
Deposit into or withdrawal from a voting trust.
Other
J Other
Other acquisition or disposition (explained in a Form 4 footnote).
K Equity swap
Transaction in an equity swap or similar instrument.
U Tender / buyout
Disposition via tender of shares in a change-of-control transaction.

Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.

Date Insider Type Shares Price Value
2026-05-18 Van der Smissen Willem Jozef Ludwig F-InKind 3,130.00 $15.46 $48,390
2026-05-18 Santos Sandra Maria Soares F-InKind 3,130.00 $15.46 $48,390
2026-05-18 Bachmann James W. F-InKind 3,130.00 $15.46 $48,390
2026-05-18 Antholis William John F-InKind 3,130.00 $15.46 $48,390
2026-05-11 Wilt Lawrence Hugh Jr. J-Other 48.30 $16.56 $800
2026-05-05 Kostakis Evangelia 3,883.00 $0.00 $0
2026-05-05 Bachmann James W. A-Award 5,880.00 $0.00 $0
2026-05-05 Santos Sandra Maria Soares A-Award 5,880.00 $0.00 $0
2026-05-05 Antholis William John A-Award 2,014.00 $0.00 $0
2026-05-05 Van der Smissen Willem Jozef Ludwig A-Award 5,880.00 $0.00 $0
2026-03-31 Bachmann James W. M-Exempt 5,849.00 $0.00 $0
2026-03-31 Bachmann James W. M-Exempt 5,849.00 $0.00 $0
2026-03-31 Van der Smissen Willem Jozef Ludwig M-Exempt 5,849.00 $0.00 $0
2026-03-31 Van der Smissen Willem Jozef Ludwig M-Exempt 5,849.00 $0.00 $0
2026-03-31 Antholis William John M-Exempt 5,849.00 $0.00 $0
2026-03-31 Antholis William John M-Exempt 5,849.00 $0.00 $0
2026-03-31 Santos Sandra Maria Soares M-Exempt 5,849.00 $0.00 $0
2026-03-31 Santos Sandra Maria Soares M-Exempt 5,849.00 $0.00 $0
2026-04-01 Silva Maria Clara A-Award 9,785.00 $0.00 $0
2026-04-01 Wilt Lawrence Hugh Jr. A-Award 10,921.00 $0.00 $0
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:18pm (5d ago)
Date Dividend Declaration Record Payment
2026-06-18 $0.04 2026-05-05 2026-06-18 2026-07-07
2025-12-17 $0.04 2025-12-17 2025-12-29
2025-10-03 $0.04 2025-10-03 2025-10-15
2025-06-04 $0.08 2025-05-06 2025-06-04 2025-06-25
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TTAM — it's generated by the pipeline (market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30