Added to YB: 2026-03-20
Pitch date: 2026-01-23
TTAM [bullish]
Titan America SA
-17.45%
current return
Author Info
No bio for this author
Company Info
Titan America SA, through its subsidiaries, manufactures and supplies heavy building materials and services in the United States.
Market Cap
$3.1B
Pitch Price
$17.82
Price Target
28.00 (+90%)
Dividend
N/A
EV/EBITDA
8.87
P/E
15.83
EV/Sales
2.01
Sector
Construction Materials
Category
value
Titan America SA - $TTAM
TTAM: Vertically integrated US cement/aggregates producer w/ 25-30% share in Florida/Mid-Atlantic markets. 7% volume CAGR vs 2% market growth. Trades 8x EV/EBITDA vs peers at 11x (CRH, AMRZ). Keystone acquisition adds 990k tons cement capacity (25% increase) at 15% discount to TTAM's market valuation. 23% EBITDA margin, mid-teens ROIC, <1x leverage. Secular tailwinds from datacenter build (Northern VA exposure) & infrastructure. Announced 7-8% price increases for 2026. PT $28 implies 64% upside as valuation gap narrows.
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