TITC.ATH
🌍 Half of its operations are in the United States, with the other half in Europe, the Middle East, and Africa.
📉 Trades at a multiple of six times EBITDA, significantly below U.S. peers.
🏢 Plans to list part of its U.S. business, Titan America, on the stock exchange.
📈 Aluvial Capital sees at least a 50% upside if the market adjusts the price to reflect its assets.
@bernardodegarcia:
“Aluvial Capital discusses Titan Cement, also known as Titan Company or Titan NV. Approximately half of Titan’s operations are in the United States, with the remainder in Europe, the Middle East, and Africa. It is trading at six times its EBITDA, which is below the 9 to 12 times multiple of U.S. cement companies. Titan SA is listing part of its U.S. business, Titan America, on the stock exchange. The 87% stake that Titan holds in its U.S. subsidiary is almost equal to Titan’s entire capitalization, essentially pricing the company’s other markets at zero. Aluvial’s managers see at least a 50% upside if the market adjusts the price to include these assets.”
Watch the exact part of the video where Bernardo talks about Titan Cement here:
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