Titan America SA (TTAM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Titan America SA stock $13.31, price $11.26, upside +18.2%, quality 57 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
21‑month range $10.79 – $19.26 · fair‑value band $8.37 – $19.12 · the $11.26 price screens below the $13.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Titan America in your weekly email
Every Wednesday you see whether Titan America is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Titan America SA, through its subsidiaries, manufactures and supplies heavy building materials and services in the United States. The company offers cement and cementitious materials, ready-mix concrete, aggregates, concrete blocks, fly ash, and other ancillary products.
Show moreShow less
It also engages in trading, real estate holdings, insurance brokerage, and transportation brokerage activities. The company was founded in 1989 and is based in Brussels, Belgium. Titan America SA operates as a subsidiary of Titan Cement International S.A.
Stock analysis
Titan America SA (TTAM) currently trades at $11.26, while our model-based Fair Value estimate is $13.31, implying the stock looks roughly 15% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $15.32 per share, and 16 of the 26 models we run sit above the $11.26 price.
Bear case: the Dividend Discount group reads lowest at $2.41, and 10 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $8.37 (bear) to $19.12 (bull), the price of $11.26 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Titan America SA reported revenue of $1.7B in FY2025 versus $1.2B in FY2021, a compound +9.6%/yr. Reported net income was $185M in FY2025, compounding +33.0%/yr from FY2021.
Key figures
Market cap $2.1B Mid · P/E ratio 13.1 · P/S ratio 1.20 · EPS (TTM) $0.8600 · Dividend yield 0.4% · Net margin 9.2% · Return on equity 15.1% · Return on assets (EBIT) 13.0% (4-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at 18%, TTAM screens cheaper than that median.
Fair Value models
Bear$8.37Fair Value $13.31Bull$19.12
Price $11.26 · Upside +18.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.7009 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.9%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+26.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.8%
Dividend (yield on the price)0.4%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 16%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.4% a year for the price and +4.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (27 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Vertically integrated cement and concrete operations in the Eastern US position the company to benefit from infrastructure spending, yet the Keystone Cement acquisition creates persistent uncertainty around restoring EBITDA margins.
Main risk: Delayed synergies from the Keystone Cement acquisition could extend the modest decline in adjusted EBITDA margins through the integration period.
Titan America is integrating its Keystone Cement acquisition, which lifts full-year revenue growth into the high single digits but brings a modest decline in adjusted EBITDA margins from the lower starting contribution. The vertically integrated cement and concrete operations in the Eastern US stand to gain from infrastructure spending, yet the near-term profitability impact of the deal creates uncertainty. Will the expected synergies ramp up quickly enough to restore margins, or will the dilution persist through the integration period?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+18.2% · Above median
Profitability
Return on equity (12 months)15.1% · Top 25%
Return on assets9.8% · Top 25%
Net margin (12 months)9.2% · Top 25%
Operating margin (12 months)13.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.7% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.38× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
P/E (12 months)13.1× · Cheaper than median
P/B2.01× · Priciest 25%
P/S (12 months)1.20× · Pricier than median
Price / free cash flow (fiscal year)15.9× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Titan America SA Fair Value". https://www.fairvalue-calculator.com/stock/TTAM
Frequently asked questions
Is Titan America SA (TTAM) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $13.31 versus a price of $11.26, about +18% upside (undervalued).
What is the fair value of TTAM?
Our model-based fair value for Titan America SA is $13.31 (as of Nov 7, 2026), built from audited fundamentals. The current price: $11.26.
What is the quality score of TTAM?
Titan America SA has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Titan America SA (TTAM)?
Our model-based price target is the fair value of $13.31 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $8.37, optimistic scenario $19.12. It is a calculation from audited fundamentals, not an analyst target.
What is the Titan America SA stock forecast for 2026?
Our models put fair value at $13.31, about +18% upside versus a price of $11.26 (undervalued). Cautious scenario $8.37, optimistic scenario $19.12. The calculation is refreshed regularly with new filings.
What is the revenue of Titan America SA (TTAM)?
Titan America SA reported trailing-twelve-month revenue of about $1.7B (latest available figure, as of Nov 7, 2026).
Does Titan America SA pay a dividend?
Titan America SA currently shows a dividend yield of 0.36% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Titan America SA (TTAM) and when is the ex-dividend date?
Titan America SA pays a dividend of $0.04 per share a year, a dividend yield of 0.4%. The next ex-dividend date is Dec 18, 2026, with payment on Jan 11, 2027. The payout ratio is 4.7% of earnings. Free cash flow covers the dividend 17.77 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Titan America SA (TTAM)?
For today's price to be fair in a discounted-cash-flow model, Titan America SA would have to grow free cash flow by +6.9 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +9.6 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of TTAM use?
Our models discount Titan America SA at 9.7 %: a base by market capitalisation (mid), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Titan America SA that is +6.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Titan America SA (TTAM) delivered so far?
Over the past 4 years revenue at Titan America SA grew +9.6 % a year. The price currently implies free-cash-flow growth of +6.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Titan America SA (TTAM) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Titan America SA (+6.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Titan America SA (TTAM)?
The free-cash-flow yield on the price is 6.30 %: that much free cash flow Titan America SA produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Titan America SA (TTAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Titan America SA it is $13.31 per share (as of Nov 7, 2026), against a price of $11.26. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Titan America SA stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TTAM trades below its calculated fair value: price $11.26, fair value $13.31, a gap of about +18% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TTAM?
No. The price is what the market pays today ($11.26); the fair value is what the company's own numbers justify ($13.31). For Titan America SA the two are $2.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is Titan America SA worth?
The market values Titan America SA at about $2.1B (market capitalisation, as of Nov 7, 2026). Per share that is $11.26; our models calculate a fair value of $13.31 per share.
What do the bullish and bearish scenarios say about TTAM?
Our models span a range for Titan America SA: cautious scenario $8.37, base $13.31, optimistic $19.12 per share (as of Nov 7, 2026, price $11.26). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TTAM?
Titan America SA trades at a price-to-earnings ratio of 13.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.31 is built from several models across several years. Other multiples: P/B 2.0, P/S 1.2, EV/EBITDA 6.8.
How solid is the balance sheet of Titan America SA (TTAM)?
Balance-sheet figures for Titan America SA (as of Nov 7, 2026): return on equity 15.1%, debt of 0.38 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is TTAM from its 52-week high?
Titan America SA trades at $11.26, about 42% below its 52-week high of $19.26 and at the low of $11.26 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $13.31 is for.
Which stocks are comparable to Titan America SA?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Titan America SA stock attractive at the current price?
The data as of Nov 7, 2026: price $11.26, calculated fair value $13.31 (+18%), Quality Score 57/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TTAM calculated?
We run Titan America SA through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $13.31 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Titan America SA currently trades 15% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Titan America SA (TTAM)?
The closing price on Nov 6, 2026 was $11.26. Our model-based fair value is $13.31, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Titan America SA right now?
A fairly wide model range ($8.37 to $19.12) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Titan America SA
How large is the market capitalisation of Titan America SA (TTAM)?
The market capitalisation of Titan America SA is $2.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Titan America SA (TTAM)?
The price-to-sales ratio of Titan America SA is 1.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Titan America SA (TTAM)?
Earnings per share at Titan America SA are $0.8600 (price ÷ EPS = P/E 13.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Titan America SA (TTAM)?
The dividend yield of Titan America SA is 0.4% (payout 4.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Titan America SA (TTAM)?
The net margin of Titan America SA is 9.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Titan America SA (TTAM)?
The return on equity (ROE) of Titan America SA is 15.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Titan America SA (TTAM)?
On an EBIT basis the return on assets of Titan America SA is 13.0% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Titan America SA (TTAM)?
The operating margin of Titan America SA is 13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Titan America SA (TTAM)?
Revenue at Titan America SA is growing +5.7% versus a year earlier (3y avg +6.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Titan America SA (TTAM)?
Earnings per share at Titan America SA are growing −30.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Titan America SA (TTAM) carry?
The net debt of Titan America SA is $251M (fiscal year 2025, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Titan America SA in the live analysis
One click puts Titan America SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 7, 2026