Professional
Added to YB: 2024-10-28
Pitch date: 2024-10-26
TITC.AT [neutral]
Titan Cement International S.A.
+56.15%
current return
Author Info
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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 29.94
Price Target
N/A
Dividend
7.65%
EV/EBITDA
6.12
P/E
10.09
EV/Sales
1.35
Sector
Construction Materials
Category
special_situation
Exploring Titan Cement's Hidden Value in Upcoming Titan America IPO
TITC.AT (spin-off watchlist): Titan Cement plans US ops IPO Q1 25. Est. €2.5-2.8bn EV (8-9x EV/EBITDA) vs €3.3bn group EV. Remaining €280-300m EBITDA at low single-digit multiples. Higher US valuation could mean rest of assets free. Worth watching.
Read full article (1 min)