Disclaimer:
As a private investor, I share this personal analysis of Titan Cement for educational purposes. This is NOT investment advice
This analysis is provided for informational and educational purposes only. It does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. The views expressed are solely those of the author, based on publicly available data and personal interpretation.
While every effort has been made to ensure accuracy, no guarantee is given for the completeness or correctness of the information presented. Readers should conduct their own due diligence and consult a licensed financial advisor before making any investment decisions.
This content respects the ethical standards and disclosure requirements of international capital markets and is not affiliated with Titan Cement or any financial institution.
I do not hold a position in Titan Cement at the time of writing.
📊 Fundamentals:
EPS (2024A): €4.10
EPS (2025E): €4.30–€4.50
P/E (TTM): ~8.5x
EV/EBITDA (TTM): ~5.8x
Dividend (2025): €2.00 per share
Net Debt/EBITDA: <2.0x → healthy leverage
ROE (2024): ~12.5%
Book Value per Share: ~€30
🧮 Valuation Estimate (Based on P/E Multiples):
Implied P/E EPS (2025E) Target Price
10x €4.30 €43.00
11x €4.30 €47.30
12x €4.30 €51.60
📌 Conservative Fair Value Range: €43 – €48
📌 Bull Case Scenario: €50 – €52, assuming continued margin expansion and favorable energy cost trends.
📉 Technical Overview:
Support levels: €36.00 / €34.00
Resistance levels: €41.20 / €43.50
RSI (14d): Neutral to slightly bullish
MACD: Positive crossover – continuation of uptrend likely
🧠 Analyst Consensus (Q2 2025):
Euroxx, Axia Ventures, Alpha Finance: €42 – €48
J.P. Morgan (2025 Outlook): Outperform, target price: €50.00
🔍 Summary:
Titan Cement remains fundamentally undervalued relative to peers such as Heidelberg Materials and LafargeHolcim, with strong balance sheet discipline and upside potential as infrastructure and housing markets recover in Southeastern Europe and the U.S. The current valuation (P/E ~8.5x) offers a margin of safety, while the dividend yield adds to the total return profile.
🟢 Target Price (3Y): €50
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Disclaimer
The user CoyoteofSofokleous holds no position in ATSE:TITC. Simply Wall St has no position in any of the companies mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.
