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Titan Cement International S.A (TITC) Fair Value & Analysis

Basic Materials · GR · Market cap €4.0B

TC Titan Cement International S.A TITC · AT
Price€53.80
Fair Value€53.71
Upside-0.2%
Quality64/100
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Healthy Growth
Thin margins · 9.6% net margin
Low debt · generates free cash flow
Moderate moat 53/100
Evidence: Medium Range €36.31 – €67.13 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 16 days ago

Share price +3.9% 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 (€36.31 to €67.13) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€58.80 €10.04 Fair Value €53.71 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range €10.04 – €58.80 · fair‑value band €36.31 – €67.13 · the €53.80 price screens above the €53.71 fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Titan Cement International S.A (TITC) currently trades at €53.80, while our model-based Fair Value estimate is €53.71, implying the stock looks roughly 0.2% fairly valued today. We read business quality at 64/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Titan Cement International 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 €137M. Fundamentals as of Jul 21, 2026

Our scenario range runs from €36.31 (bear case) to €67.13 (bull case); at €53.80, the current price sits within that range. The share trades about 9% below its 52-week high and 57% 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 0%, 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 €35.93 €52.98 €76.61 80
Residual Income €23.89 €27.91 €52.84 76
Rev-Margin DCF €44.64 €74.44 €108.93 74
All 24 models by family
DCF Models
FCF DCF €35.50 €55.03 €83.96 38
Owner Earnings €17.54 €27.32 €41.80 31
5Y Revenue Exit €44.64 €74.75 €113.60 39
5Y EBITDA Exit €57.46 €98.92 €147.82 41
5Y P/E Exit €39.49 €65.05 €92.00 38
10Y Revenue Exit €39.30 €65.64 €101.73 36
10Y EBITDA Exit €48.86 €82.12 €127.46 37
10Y P/E Exit €37.63 €59.03 €85.50 35
Earnings-Based
Graham-Dodd €21.48 €69.56 €92.88 54
Lynch FV €15.50 €22.15 €28.79 50
PEG = 1.0 €15.50 €22.15 €28.79 46
EPV €46.84 €54.31 €60.76 59
Multiples
P/E Multiple €47.39 €63.18 €78.98 63
P/S Multiple €40.28 €53.71 €67.13 58
P/B Multiple €40.28 €53.71 €67.13 55
EV/EBIT €77.60 €103.64 €129.67 53
EV/EBITDA €78.38 €104.66 €130.95 54
EV/Revenue €52.15 €74.71 €97.27 43
Asset-Based
NCAV (Graham) €13.07 €17.51 €26.13 50
Growth DCF
Growth DCF €35.93 €52.98 €76.61 80
Rev-Margin DCF €44.64 €74.44 €108.93 74
Economic Profit
Residual Income €23.89 €27.91 €52.84 76
ROIC Compounder €50.20 €63.22 €78.35 72
Growth Earnings
Growth-Adj P/E €39.95 €57.07 €74.19 68

Widest divergence: DCF Models (€65.05) versus Asset-Based (€17.51). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €2.7B
Revenue growth (YoY) -0.4%
Net margin 9.6%
Return on equity 12.8%
Free cash flow €247M FY2025
P/E ratio 17.1
More key figures
Operating margin 14.3%
EPS (TTM) €3.15
EPS growth (YoY) +1.2%
Net debt €137M FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 60 · Market factors (momentum, volatility) 69

Profitability 47
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 59
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 61
Price trend over the last 3–12 months (market factor)
52W Momentum 79
Distance to the 52-week high (market factor)
Net Issuance 82
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 Cement International S.A., together with its subsidiaries, produces, distributes, and trades in a range of construction materials in Greece and Western Europe, North America, Southeastern Europe, the Eastern Mediterranean, and internationally.

Full company description

Titan Cement International S.A., together with its subsidiaries, produces, distributes, and trades in a range of construction materials in Greece and Western Europe, North America, Southeastern Europe, the Eastern Mediterranean, and internationally. The company provides cement; ready-mix concrete; aggregates and coarse materials, including sand, gravel, crushed stone, and recycled concrete; and other building materials, such as dry mortars, building blocks, fly ash, and other concrete products for the construction of roads, bridges, airports, hospitals, schools, residential housing, commercial buildings, and social projects. It is also involved in the import and distribution of cement; processing of fly ash; sale of fly ash processing equipment; quarries; real estate brokerage services; engineering design services for solid and liquid waste facilities; and alternative fuels. In addition, the company provides trading, technical and business, port, financial, preventing maintenance, insurance, and transportation services; owns and develops real estate properties; rents and leases machines, equipment, and material goods; and designs, manufactures, and markets proprietary separation equipment for dry powders. Titan Cement International 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 Cement International 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 87/100
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 (7Y)
+8.7%
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 Cement International S.A Fair Value". https://www.fairvalue-calculator.com/stock/TITC.AT

Recent news

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

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 Jul 21, 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 Cement International S.A (TITC) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of €53.71 versus a price of €53.80, about −0% (fairly valued).
What is the fair value of TITC?
Our model-based fair value for Titan Cement International S.A is €53.71 (as of Jul 21, 2026), built from audited fundamentals. The current price is €53.80.
What is the quality score of TITC?
Titan Cement International S.A has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Titan Cement International S.A (TITC)?
Titan Cement International S.A reported trailing-twelve-month revenue of about €2.7B (latest available figure, as of Jul 21, 2026).
What is the net profit margin of TITC?
The net profit margin of Titan Cement International 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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