Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
TITC.AT [bullish]
Titan Cement International S.A.
+8.47%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Titan Cement International S.A., together with its subsidiaries, engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Egypt, Türkiye, the United States, and Brazil.
Market Cap
EUR 2.9B
Pitch Price
EUR 42.32
Price Target
60.00 (+31%)
Dividend
7.65%
EV/EBITDA
6.12
P/E
10.09
EV/Sales
1.35
Sector
Construction Materials
Category
growth
Alluvial Capital Management New Position: Titan Cement International S.A.
TITC.AT: Greek cement co w/ ops in EU, Egypt, Turkey, Brazil JV & large US biz (50%+ rev/earnings). IPO of US unit on NYSE to unlock value. At €44, shares undervalued vs €60 target. US cement at 9-12x EBITDA; EU at 5-7x. Post-IPO, non-US ops nearly free. Strong financials & infrastructure boom support bullish outlook.
Read full article (2 min)