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Titan S.A (TITC) Fair Value & Analysis

Basic Materials · BE · Market cap €4.0B

TS Titan S.A TITC · BR
Price€51.25
Fair Value€53.72
Upside+4.8%
Quality59/100
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Healthy Growth
Solidly profitable · 11.6% net margin
Low debt · generates free cash flow
2.08% dividend yield
Mixed vs. peers (8/14)
Moderate moat 58/100
Evidence: Medium Range €33.02 – €67.15 Share as image

Fair value as of: Aug 6, 2026

From 26 valuation models · updated 4 days ago

Share price +3.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€33.02 to €67.15) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€57.26 €8.87 Fair Value €53.72 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range €8.87 – €57.26 · fair‑value band €33.02 – €67.15 · the €51.25 price screens below the €53.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Titan S.A (TITC) currently trades at €51.25, while our model-based Fair Value estimate is €53.72, implying the stock looks roughly 4.8% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Titan S.A generated revenue of €2.7B at a net margin of 9.6%. Revenue declined 0.4% year over year. It earns a return on equity of 12.8%. Net debt stands at €214M. Fundamentals as of Aug 6, 2026

Our scenario range runs from €33.02 (bear case) to €67.15 (bull case); at €51.25, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at 5%, TITC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €30.28 €44.12 €63.10 80
Residual Income €24.05 €27.51 €42.28 76
Rev-Margin DCF €33.23 €54.13 €78.01 74
All 26 models by family
DCF Models
FCF DCF €29.84 €45.54 €68.46 38
Owner Earnings €17.27 €26.47 €39.89 31
5Y Revenue Exit €33.23 €54.18 €80.90 39
5Y EBITDA Exit €44.42 €75.04 €110.78 41
5Y P/E Exit €33.31 €54.32 €76.25 38
10Y Revenue Exit €30.56 €49.07 €73.86 36
10Y EBITDA Exit €38.61 €63.21 €96.10 37
10Y P/E Exit €31.69 €49.17 €70.40 35
Earnings-Based
Graham-Dodd €21.49 €66.00 €87.66 54
Lynch FV €14.22 €20.32 €26.42 50
PEG = 1.0 €14.22 €20.32 €26.42 46
EPV €39.87 €46.24 €51.74 59
Dividend Discount
Gordon GGM €26.26 €52.32 €79.23 70
DDM Multi-Stage €26.26 €42.42 €55.23 61
Multiples
P/E Multiple €40.29 €53.72 €67.15 63
P/S Multiple €40.16 €53.54 €66.93 58
P/B Multiple €40.29 €53.72 €67.15 55
EV/EBIT €59.23 €79.14 €99.05 53
EV/EBITDA €59.44 €79.41 €99.39 54
EV/Revenue €36.99 €53.06 €69.12 43
Asset-Based
NCAV (Graham) €13.07 €17.51 €26.14 50
Growth DCF
Growth DCF €30.28 €44.12 €63.10 80
Rev-Margin DCF €33.23 €54.13 €78.01 74
Economic Profit
Residual Income €24.05 €27.51 €42.28 76
ROIC Compounder €42.27 €53.08 €65.72 72
Growth Earnings
Growth-Adj P/E €33.98 €48.54 €63.10 68

Widest divergence: Multiples (€53.72) versus Asset-Based (€17.51). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €2.8B
Revenue growth (YoY) +13.5%
Net margin 11.6%
Return on equity 16.7%
Free cash flow €211M FY2025
P/E ratio 12.6
More key figures
Operating margin 15.5%
EPS (TTM) €4.28
Dividend yield 2.1%
EPS growth (YoY) +260%
Net debt €214M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 65

Profitability 47
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Titan S.A., together with its subsidiaries, engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Europe, Egypt, Türkiye, Italy, France, the United States, and Brazil.

Full company description

Titan S.A., together with its subsidiaries, engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Europe, Egypt, Türkiye, Italy, France, the United States, and Brazil. The company offers cement; ready-mix concrete; aggregates, such as sand, gravel, crushed stone, and recycled concrete; dry mortars, building blocks, and other concrete products, as well as fly ash for roads, bridges, airports, hospitals, schools, residential housing, commercial buildings, and social projects. It also provides transportation and distribution services. In addition, the company manages various non-hazardous wastes, including wood, iron and steel, aluminum, cables, construction and demolition wastes, packaging, paper, electrical and electronic equipment, glass, and plastic; and handles hazardous wastes such as used oils, contaminated materials, filter materials, batteries, and lighting lubes. Further, it is involved in the import and distribution of cement; processing of fly ash; owns and develop real estate; sales of fly ash processing equipment; real estate brokerage; renting and leasing of machines, equipment, and material goods; provision of financial and preventing maintenance services; quarries; alternative fuels; and insurance business. The company was formerly known as Titan Cement International S.A. and changed its name to Titan S.A. in May 2025. Titan S.A. was founded in 1902 and is based in Brussels, Belgium.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Titan S.A reported revenue of €2.7B in FY2025 versus €1.7B in FY2021, a compound +11.7%/yr. Reported net income was €236M in FY2025, compounding +26.6%/yr from FY2021.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€2.7B
Latest YoY
+0.9%
Avg. growth/yr (3Y)
+5.4%
Avg. growth/yr (5Y)
+10.7%
Avg. growth/yr (13Y)
+6.8%
Revenue +11.7%/yr
FY21 €1.7B
FY22 €2.3B
FY23 €2.5B
FY24 €2.6B
FY25 €2.7B
Net income +26.6%/yr
FY21 €91.9M
FY22 €110M
FY23 €269M
FY24 €289M
FY25 €236M

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Cite: Fair Value Calculator (2026). "Titan S.A Fair Value". https://www.fairvalue-calculator.com/stock/TITC

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Building Materials · 254 stocks

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.

Quality Score 59 · Above median
Fair Value upside +5% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 14% · Top 25%
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 2.39× · Pricier than 75% of peers
P/S (TTM) 1.69× · Pricier than 75% of peers
P/FCF 22.1× · Pricier than 75% of peers
EV/EBITDA 7.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 40 · sector 28
FUTURE 68 · sector 2
PAST 67 · sector 15
HEALTH 87 · sector 92
DIVIDEND 42 · sector 42

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Titan S.A (TITC) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €53.72 versus a price of €51.25, about +5% (fairly valued).
What is the fair value of TITC?
Our model-based fair value for Titan S.A is €53.72 (as of Aug 6, 2026), built from audited fundamentals. The current price is €51.25.
What is the quality score of TITC?
Titan S.A has a Quality Score of 59/100. 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 revenue of Titan S.A (TITC)?
Titan S.A reported trailing-twelve-month revenue of about €2.7B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of TITC?
The net profit margin of Titan S.A is about 9.6%, meaning it keeps roughly 9.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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