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Titan America SA
(NYSE:TTAM)
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Rating:68Neutral
Price Target:
$17.00
▼(-0.87% Downside)
Action:Reiterated
Date:08/27/26
The score is driven primarily by solid financial performance (strong margins and good cash-generation quality, with manageable leverage), tempered by moderate free-cash-flow conversion and rising debt to monitor. Technicals are a notable drag as the stock is in a downtrend with negative momentum, while valuation appears reasonable with a mid-teens P/E and a modest dividend yield.
Positive Factors
Acquisition-led growth and integration potential
Keystone expands Titan America’s operating footprint and contributed to strong quarterly growth. The targeted synergies could improve scale, utilization and cost efficiency over the next several years if integration remains on schedule.
Negative Factors
Acquisition and operating pressures weigh on profitability
The Keystone transaction is increasing depreciation and integration costs while operating issues also reduced contribution. Unless synergies offset these burdens, earnings growth may lag revenue growth and constrain sustainable margin expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Acquisition-led growth and integration potential
Keystone expands Titan America’s operating footprint and contributed to strong quarterly growth. The targeted synergies could improve scale, utilization and cost efficiency over the next several years if integration remains on schedule.
Read all positive factors
Titan America SA (TTAM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.83B
Dividend Yield1.04%
Average Volume (3M)244.41K
Price to Earnings (P/E)16.0
Beta (1Y)0.83
Revenue Growth5.46%
EPS Growth7.16%
CountryUS
Employees2,554
SectorGeneral
Sector StrengthN/A
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.96
Shares Outstanding184,362,470
10 Day Avg. Volume241,153
30 Day Avg. Volume244,405
Financial Highlights & Ratios
PEG Ratio1.34
Price to Book (P/B)2.92
Price to Sales (P/S)1.82
P/FCF Ratio23.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$19.00Price Target Upside10.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.08
Revenue Forecast (FY)$1.79B
Titan America SA Business Overview & Revenue Model
Company 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 ...
How the Company Makes Money
Titan America SA (TTAM) generates revenue mainly by selling construction materials to a mix of customers such as concrete producers, contractors, infrastructure project participants, distributors, and other industrial users. Its core revenue strea...
Titan America SA Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive tone: Titan America delivered modest revenue and adjusted EBITDA growth, expanded margins, materially stronger operating cash flow, and improved leverage in a turbulent operating backdrop. Management highlighted strategic progress with the Keystone acquisition and a new Innovation Hub and reaffirmed full-year guidance. Headwinds include residential market softness, winter weather impacts, energy/freight inflation and the need to integrate Keystone (currently lower-margin). On balance, operational execution and financial improvements outweigh near-term challenges.Positive Updates
Revenue and EBITDA Growth
Q1 2026 revenue of $398 million, up 1.5% year-over-year; adjusted EBITDA of $83 million, up 3.4% YoY.
Negative Updates
Residential Softness
Continued softness in the residential market weighed on volumes (ready-mix volumes declined 2.1% YoY; cement volumes were broadly stable but down less than 1% YoY), partially offset by infrastructure and commercial demand.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and EBITDA Growth
Q1 2026 revenue of $398 million, up 1.5% year-over-year; adjusted EBITDA of $83 million, up 3.4% YoY.
Read all positive updates
Company Guidance
Titan America reaffirmed its full‑year 2026 outlook, saying it still expects, on a like‑for‑like basis, low single‑digit revenue growth versus 2025 with modest expansion in adjusted EBITDA margins (guidance excludes any contribution from the May 1 Keystone acquisition); management framed this against Q1 results of $398 million revenue, $83 million adjusted EBITDA and a 20.7% adjusted EBITDA margin, Q1 operating cash flow of $62 million and free cash flow of $30 million, Q1 CapEx of ~$32 million, a net leverage ratio of 0.58x (net debt $227 million; cash $228 million; total debt $455 million), and a $0.04 per‑share issue premium distribution payable July 7 — while cautioning that residential softness (inflection likely delayed to 2027), inflationary/energy headwinds from the Iran conflict, and import/transport volatility could affect outcomes, and noting price pass‑throughs began in April as seasonally stronger volumes are expected in the mid‑year.Titan America SA Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.71B | 1.66B | 1.63B | 1.59B | 1.36B |
| Gross Profit | 435.92M | 434.99M | 416.65M | 363.49M | 221.27M |
| EBITDA | 374.74M | 376.12M | 348.71M | 314.24M | 188.81M |
| Net Income | 177.22M | 185.44M | 166.07M | 155.24M | 62.72M |
Balance Sheet | |||||
| Total Assets | 2.16B | 1.89B | 1.57B | 1.50B | 1.45B |
| Cash, Cash Equivalents and Short-Term Investments | 65.73M | 211.75M | 12.12M | 22.04M | 29.84M |
| Total Debt | 574.08M | 462.41M | 460.18M | 409.41M | 462.09M |
| Total Liabilities | 1.08B | 859.81M | 816.24M | 779.03M | 854.50M |
| Stockholders Equity | 1.09B | 1.03B | 750.01M | 719.77M | 592.73M |
Cash Flow | |||||
| Free Cash Flow | 154.62M | 131.03M | 111.03M | 108.38M | 50.10M |
| Operating Cash Flow | 323.92M | 295.41M | 248.04M | 227.13M | 178.37M |
| Investing Cash Flow | -466.41M | -152.18M | -135.80M | -117.65M | -127.30M |
| Financing Cash Flow | 36.73M | 56.39M | -123.33M | -117.78M | -21.66M |
Titan America SA Risk Analysis
Titan America SA disclosed 62 risk factors in its most recent earnings report. Titan America SA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Titan America SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.12B | 16.69 | 16.38% | 5.09% | 20.05% | 7.67% | |
71 Outperform | $64.00B | 15.14 | 23.81% | 1.52% | 6.29% | 18.35% | |
68 Neutral | $2.83B | 15.96 | 16.96% | 0.93% | 5.46% | 7.16% | |
66 Neutral | $17.61B | 119.41 | 2.27% | ― | 42.93% | -67.45% | |
65 Neutral | $16.72B | 32.93 | 3.67% | 0.82% | 9.40% | -67.61% | |
56 Neutral | $1.20B | 39.42 | 4.06% | ― | -5.25% | -50.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
TTAM
Titan America SA
15.32
-0.10
-0.64%
CPAC
Cementos Pacasmayo SAA
12.47
6.61
112.80%
CX
Cemex SAB
10.98
2.02
22.54%
CRH
CRH plc
97.05
-14.50
-13.00%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
9.65
0.24
2.55%
JHX
James Hardie Industries PLC
30.15
9.56
46.43%
Titan America SA Corporate Events
Titan America SA Confirms Capital Increase and Board Changes in Q2 2026
Aug 12, 2026
Titan America SA has formally recorded a minor capital increase following the exercise of employee or investor subscription rights, as acknowledged in a notarial deed dated May 18, 2026. The deed, filed on June 30, 2026 with the Brussels Enterpris...
Titan America SA Declares Q3 2026 Issue Premium Distribution
Jul 28, 2026
Titan America SA announced on July 28, 2026, that its board declared a third‑quarter 2026 distribution of $0.04 per common share, to be paid on October 9, 2026, to shareholders of record as of October 1, 2026, funded from available issue pre...
Titan America Posts Q2 Revenue Growth as Keystone Integration Advances
Jul 28, 2026
On July 28, 2026, Titan America reported that second-quarter 2026 revenue rose 9.6% year on year to $470.6 million, driven in part by the recently acquired Keystone Cement operations and higher aggregates and concrete block volumes. However, net i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.