Titan America SA (TTAM)
NYSE:TTAM
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Titan America SA
(NYSE:TTAM)
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Rating:69Neutral
Price Target:
$16.50
▲(2.42% Upside)
Action:DowngradedDate:03/19/26
The score is driven by solid underlying financial performance and a constructive earnings outlook with margin resilience and deleveraging, partially offset by weak technical momentum (below key moving averages with bearish MACD). Valuation appears reasonable, but the modest dividend and risks tied to residential softness and input-cost pressures temper the upside.
Positive Factors
Margin improvement & profitability
Titan America delivered materially higher operating margins and record adjusted EBITDA in 2025, reflecting stronger pricing, mix and operating leverage. Sustained margin improvement increases durable free cash flow potential and resilience through cycles, supporting reinvestment and shareholder returns.
Negative Factors
Prolonged residential demand weakness
Sustained weak single‑family housing and affordability constraints reduce structural demand for cement and block products. A delayed residential rebound compresses volumes and pricing in key end markets for multiple years, limiting organic revenue growth and increasing cyclicality risk in results.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin improvement & profitability
Titan America delivered materially higher operating margins and record adjusted EBITDA in 2025, reflecting stronger pricing, mix and operating leverage. Sustained margin improvement increases durable free cash flow potential and resilience through cycles, supporting reinvestment and shareholder returns.
Read all positive factors
Titan America SA (TTAM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.97B
Dividend Yield0.94%
Average Volume (3M)244.41K
Price to Earnings (P/E)16.3
Beta (1Y)0.89
Revenue Growth0.28%
EPS Growth-1.57%
CountryUS
Employees2,742
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.24
Shares Outstanding184,362,470
10 Day Avg. Volume241,153
30 Day Avg. Volume244,405
Financial Highlights & Ratios
PEG Ratio1.33
Price to Book (P/B)2.92
Price to Sales (P/S)1.82
P/FCF Ratio25.81
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue1.94
Enterprise Value/Gross Profit7.40
Enterprise Value/Ebitda8.50
Forecast
1Y Price Target
$17.67Price Target Upside9.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.12
Revenue Forecast (FY)$1.72B
Titan America SA Business Overview & Revenue Model
Company Description
Titan America SA manufactures building materials. The Company produces and sells cement, ready-mix concrete, aggregates, dry mortars, building blocks, and other concrete products. Titan America serves customers worldwide....
How the Company Makes Money
null...
Titan America SA Earnings Call Summary
Earnings Call Date:Mar 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 11, 2026
Earnings Call Sentiment Positive
The call portrayed a largely positive picture: Titan America delivered record full-year revenue, adjusted EBITDA, net income and operating cash flow, improved margins and materially reduced leverage while advancing strategic capacity investments, digital initiatives and a foundational acquisition agreement. These achievements offset notable headwinds including sustained residential weakness, Mid-Atlantic underperformance driven by tariffs, adverse weather and higher energy costs. Management provided conservative but constructive 2026 guidance (low single-digit revenue growth and modest margin expansion) and highlighted multiple self-help and growth levers.Positive Updates
Record Full-Year Financial Performance
Full-year 2025 revenue reached $1.66 billion, up 1.8% year-over-year; adjusted EBITDA was a record $390 million, up ~5% from $370 million; adjusted EBITDA margin expanded to 23.4%, a 75 basis point improvement versus 2024; net income was $185 million, up 12% year-over-year.
Negative Updates
Mid-Atlantic Segment Weakness
Mid-Atlantic full-year adjusted EBITDA declined 10.6% to $121 million and segment margin contracted to 18.8% from 21.2% in 2024; Q4 segment adjusted EBITDA fell 5.4% YoY to $32 million and Q4 margin declined to 20.4% from 22.3%, driven by soft demand in Metro New York/New Jersey, adverse weather and tariff-related cost pressure.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Financial Performance
Full-year 2025 revenue reached $1.66 billion, up 1.8% year-over-year; adjusted EBITDA was a record $390 million, up ~5% from $370 million; adjusted EBITDA margin expanded to 23.4%, a 75 basis point improvement versus 2024; net income was $185 million, up 12% year-over-year.
Read all positive updates
Company Guidance
Titan America guided 2026 to like‑for‑like low single‑digit revenue growth versus 2025's $1.66 billion and a modest expansion in adjusted EBITDA margins above 2025's 23.4% (2025 adjusted EBITDA $390 million), while flagging continued residential softness with an inflection likely pushed into 2027 as mortgage rates hover around 6%. Management expects infrastructure and private non‑residential strength to persist (about 50% of IIJA funds spent with the remainder expected to be deployed over the next three years), anticipates tariffs to be a smaller year‑over‑year headwind in 2026, and has announced price actions of $12/ton for cement, $10/yd for ready‑mix and $3 for aggregates (announced in January and largely pushed into April); it also warned that higher energy and fuel costs (diesel roughly $5/gal) pose upside cost risk to be managed via price realization, operational efficiencies and targeted CapEx.Titan America SA Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
76
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 1.66B | 1.63B | 1.59B | 1.36B |
| Gross Profit | 434.99M | 416.65M | 363.49M | 221.27M |
| EBITDA | 380.21M | 348.71M | 314.24M | 188.81M |
| Net Income | 185.44M | 166.07M | 155.24M | 62.72M |
Balance Sheet | ||||
| Total Assets | 1.89B | 1.57B | 1.50B | 1.45B |
| Cash, Cash Equivalents and Short-Term Investments | 211.75M | 12.12M | 22.04M | 29.84M |
| Total Debt | 462.41M | 460.18M | 409.41M | 462.09M |
| Total Liabilities | 859.81M | 816.24M | 779.03M | 854.50M |
| Stockholders Equity | 1.03B | 750.01M | 719.77M | 592.73M |
Cash Flow | ||||
| Free Cash Flow | 117.09M | 112.62M | 108.38M | 50.10M |
| Operating Cash Flow | 277.63M | 248.04M | 227.13M | 178.37M |
| Investing Cash Flow | -157.95M | -135.80M | -117.65M | -127.30M |
| Financing Cash Flow | 79.94M | -123.33M | -117.78M | -21.66M |
Titan America SA Technical Analysis
Negative
16.11
Price Trends
15.11
Negative
14.91
Negative
Market Momentum
-0.07
Positive
45.84
Neutral
14.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTAM, the sentiment is Negative. The current price of 16.11 is above the 20-day moving average (MA) of 15.21, above the 50-day MA of 15.11, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 45.84 is Neutral, neither overbought nor oversold. The STOCH value of 14.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TTAM.
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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.92B | 28.06 | 23.07% | 0.19% | 20.27% | 31.94% | |
73 Outperform | $17.94B | 1.73 | 10.45% | 0.74% | -6.34% | 210.97% | |
69 Neutral | $2.97B | 16.29 | ― | 0.94% | 0.28% | -1.57% | |
69 Neutral | $1.95B | 14.72 | 22.02% | 1.12% | 15.70% | 19.92% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $972.83M | 20.64 | 11.98% | 5.46% | 9.24% | 24.01% | |
49 Neutral | $1.51B | 79.74 | 2.03% | ― | -33.99% | -61.41% |
* Basic Materials Sector Average
TTAM
Titan America SA
16.11
4.31
36.53%
CPAC
Cementos Pacasmayo SAA
10.71
5.80
118.13%
CX
Cemex SAB
11.92
6.64
125.84%
USLM
United States Lime & Minerals
136.82
43.92
47.28%
TGLS
Tecnoglass
43.59
-27.41
-38.60%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
11.56
0.23
2.03%
Titan America SA Corporate Events
Titan America Posts Record 2025 Results and Moves to Expand Mid-Atlantic Footprint
Mar 17, 2026
On March 17, 2026, Titan America SA reported that fourth-quarter 2025 revenue rose 4.1% year-on-year to $405.7 million, while net income jumped 19.1% to $43.5 million as improved volumes, cost controls and productivity expanded margins. Adjusted E...
Titan America SA Declares First-Quarter 2026 Cash Distribution from Issue Premium
Mar 17, 2026
On March 17, 2026, Titan America SA announced that its board declared a first‑quarter 2026 distribution of $0.04 per common share, to be paid from the company’s available issue premium. The payout is scheduled for May 8, 2026, to share...
Titan America to Acquire Keystone Cement in $310 Million Mid-Atlantic Expansion
Jan 8, 2026
On January 8, 2026, Titan America SA announced an agreement to acquire Pennsylvania-based Keystone Cement Company, a cement manufacturer and aggregates producer in the Lehigh Valley, from the Fortaleza, Uniland and Tritadura groups for $310 millio...
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.