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Titan International, Inc (TWI) Fair Value & Analysis

Industrials · US · Market cap $469M

TI Titan International, Inc logo Titan International, Inc TWI · US
Price$7.36
Fair Value$9.86
Upside+34.0%
Quality38/100
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Expensive Growth
Loss-making · -4.7% net margin
Moderate debt · negative free cash flow
Trails peers (4/12)
Narrow moat 18/100
Evidence: Medium Range $5.42 – $14.29 Share as image

Fair value as of: Jul 24, 2026

From 5 valuation models · updated 17 days ago

Share price +3.1% over the past month.

Below-average quality, screening 34% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide ($5.42 to $14.29). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

$19.60 $6.27 Fair Value $9.86 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $6.27 – $19.60 · fair‑value band $5.42 – $14.29 · the $7.36 price screens below the $9.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Titan International, Inc (TWI) currently trades at $7.36, while our model-based Fair Value estimate is $9.86, implying the stock looks roughly 34.0% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Industrials 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 International, Inc generated revenue of $1.8B at a net margin of -4.7%. Revenue grew 2.9% year over year. It earns a return on equity of -16.4%. Net debt stands at $508M. Fundamentals as of Jul 24, 2026

Our scenario range runs from $5.42 (bear case) to $14.29 (bull case); at $7.36, 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 37% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 34%, TWI 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
Gordon GGM $0.5900 $1.00 $1.43 70
DDM Multi-Stage $0.5900 $0.8500 $1.09 61
EV/EBITDA $7.69 $12.13 $16.56 54
All 5 models by family
Dividend Discount
Gordon GGM $0.5900 $1.00 $1.43 70
DDM Multi-Stage $0.5900 $0.8500 $1.09 61
Multiples
EV/EBIT $1.23 53
EV/EBITDA $7.69 $12.13 $16.56 54
Asset-Based
NCAV (Graham) $4.00 $5.35 $7.99 50

Widest divergence: Multiples ($12.13) versus Dividend Discount ($0.8500). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) $1.8B
Revenue growth (YoY) +2.9%
Net margin -4.7%
Return on equity -16.4%
Free cash flow −$24.6M FY2025
Operating margin 2.3%
More key figures
EPS (TTM) $-1.37
EPS growth (YoY) -93.8%
Net debt $508M FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 37 · Market factors (momentum, volatility) 23

Profitability 23
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 92
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 International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway industry in North America, Europe, CIS, Latin America, Asia, and internationally. It operates through Agricultural, Earthmoving/Construction, and Consumer segments.

Full company description

Titan International, Inc., together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway industry in North America, Europe, CIS, Latin America, Asia, and internationally. It operates through Agricultural, Earthmoving/Construction, and Consumer segments. The company offers wheels, tires, and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment; and agricultural tires under the Goodyear Farm Tire, Titan Tire, Carlstar, ACES, and Voltyre-Prom brands. It also provides wheels, tires, and undercarriage systems and components for various types of off-the-road earthmoving, mining, military, construction, and forestry equipment, such as skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, backhoe loaders, crawler tractors, lattice cranes, shovels, and hydraulic excavators under the Titan brand. In addition, the company manufactures and distributes wheels and tires for end-market verticals comprising outdoor power equipment, power sports, and high speed trailers; and manufactures and sells small to midsize agricultural tires under the Carlstar, ITP, Black Rock, Goodyear, and Unique brands. Further, it is involved in the provision of wheel and tire assembly services; manufactures bias truck and light truck tires; and sale of rubber stocks. The company sells its products directly to original equipment manufacturers, as well as to the aftermarket through independent distributors, equipment dealers, and its distribution centers. Titan International, Inc. was founded in 1890 and is headquartered in West Chicago, Illinois.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Titan International, Inc reported revenue of $1.8B in FY2025 versus $1.8B in FY2021, a compound +0.7%/yr. Reported net income was −$63.5M in FY2025.

Growth Quality 23/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$1.8B
Latest YoY
−0.9%
Avg. growth/yr (3Y)
−5.5%
Avg. growth/yr (5Y)
+7.7%
Avg. growth/yr (34Y)
+8.9%
Revenue +0.7%/yr
FY21 $1.8B
FY22 $2.2B
FY23 $1.8B
FY24 $1.8B
FY25 $1.8B
Net income
FY21 $49.6M
FY22 $176M
FY23 $78.8M
FY24 −$5.6M
FY25 −$63.5M

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Cite: Fair Value Calculator (2026). "Titan International, Inc Fair Value". https://www.fairvalue-calculator.com/stock/TWI

Peer Group

Farm & Heavy Construction Machinery · 148 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 38 · Bottom 25%
Fair Value upside +34% · Top 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth 3% · Below median
Debt / equity 1.10× · Higher than 75% of peers

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/B 0.91× · Cheaper than 75% of peers
P/S (TTM) 0.25× · Cheaper than 75% of peers
EV/EBITDA 9.2× · Cheaper than median
PEG 11.70× · Pricier than 75% of peers

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 79 · sector 22
FUTURE 15 · sector 30
PAST 0 · sector 32
HEALTH 45 · sector 93
DIVIDEND 0 · sector 40

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 Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is Titan International, Inc (TWI) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $9.86 versus a price of $7.36, about +34% (undervalued).
What is the fair value of TWI?
Our model-based fair value for Titan International, Inc is $9.86 (as of Jul 24, 2026), built from audited fundamentals. The current price is $7.36.
What is the quality score of TWI?
Titan International, Inc has a Quality Score of 38/100. 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 International, Inc (TWI)?
Titan International, Inc reported trailing-twelve-month revenue of about $1.8B (latest available figure, as of Jul 24, 2026).
What is the net profit margin of TWI?
The net profit margin of Titan International, Inc is about -4.7%, meaning it is currently running at a net loss. 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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