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TITCBasic Materials · Building Materials · ΧΑ

Titan Cement

€47.50
−0.08(−0.17%)
Close 26/10/2026 · end-of-day price, not real-time

Titan Cement (TITC) closed at €47.50 on 26/10/2026, -0.17% on the day. Market cap €3.6bn, P/E 15.0, dividend yield 2.32%.

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26/10/2026Close 47.50−0.17%+2.9% since start

Key statistics

FY2025 unless a figure says otherwise

Profile

At the 26 Oct close
Market value
€3.6bn
Enterprise valueDec 2025est.
€3.9bn
Shares outstandingOct 2026
74.8m
RevenueFY2025
€2.7bn
Employees
6,038
Free floatest.
1.1%
Traded a day, 3-month average
€4.2m

Valuation

FY2025
P/E
15.0×
P/B
1.8×
EV/Salesest.
1.5×
EV/EBITDAest.
6.4×

5 years, on reported full years: 5.3–9.2×, median 6.6×. Today 6.4×, lower than 58% of months.

P/FCF
14.4×
Dividend yield
2.3%

Margins

FY2025
Gross
27.5%
EBITDA
22.7%
Operating (EBIT)
16.3%
Pre-tax
13.2%
Net
8.9%
Free cash flow
9.2%

Net margin = the shareholders' profit ÷ group revenue.

Returns

FY2025
ROE
12.6%
ROCE
18.9%
ROICest.
13.9%
ROA
7.4%
ROE, 5-year averageFY2021–25
12.7%
Tax rate
26.6%
Profit to minority holders
8.3%

Financial health

Dec 2025
Cash
€483.6m
Net debt
€213.5m
Net debt ÷ EBITDA
0.35×
Debt ÷ equity
33.5%

leases included

Interest coverFY2025
14.9×

Growth

Revenue, last yearFY2025
+0.9%
EPS, last yearFY2025
−18.3%
Revenue, 3 yearsFY2022–25, a year
+5.4%
Revenue, 5 yearsFY2020–25, a year
+10.7%
EPS, 3 yearsFY2022–25, a year
+30.0%

Dividends

FY2025
Yield, last 12 months
2.3%
Per share
€1.100
Payout
34.6%
Covered by free cash flow
3.0×
Years paid, last fiveFY2021–25
5

Trading and risk

From our closes, dividends reinvested
Total return, 1 year
+23.6%
3 years, a year
+47.7%
5 years, a year
+30.8%
Volatility, 1 year
30.9%
Beta to the General Index
1.04×
Deepest fall, 1 year / 5 years
−26.0% / −27.1%
52-week range
€38.85–€58.80
est.worked out by us

Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.

Financial charts

From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements

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Valuation

no like-for-like peer
MetricTITC
P/E15.0
P/B1.8
P/S1.3
EV/EBITDA6.4
Dividend yield2.3%
Payout ratio34.6%
Gross margin27.5%
Operating margin16.3%
Net margin8.9%
ROE12.6%
Revenue growth (last full year)0.9%
Net debt€213.5m
Twelve Data · latest quarter 31/12/2025

Peers: Cement

No other company listed in Athens runs this business.

The company

AI-drafted

A Belgian holding company listed on Euronext Brussels with a secondary listing in Athens. It makes cement, ready-mix concrete, aggregates and blocks in the United States, Greece, France, the Balkans, Egypt and Türkiye, with a joint venture in Brazil. It owns 86.667% of NYSE-listed Titan America.

How it makes moneyFY2025 · basis: revenue
  • Cement and cementitious materials155.6%
  • Ready-mix, aggregates and blocks144.3%
  • Other activities1(mainly transport services)0.1%
It is
  • A Belgian holding company whose primary market is Euronext Brussels; the ATHEX line is a secondary listing of the same share.1,4
  • A building-materials group whose largest sales region is North America: 52.7% of H1 2026 revenue.3
  • Controlled by the Canellopoulos and Papalexopoulos families, acting in concert over 48.89% of voting rights.1
It is not
  • Not a construction company: it sells materials by the tonne and the cubic metre, it does not take on projects.1
  • No longer primarily a Greek business: Greece and Western Europe together were 21.8% of H1 2026 sales.3
  • Not the same share as Titan America: TTAM is an 86.667%-owned subsidiary listed in New York.1
Recent developmentsAll company events →
  • Aug 2026New share buyback programme of up to €20m, running to March 2027.2
  • May 2026Titan America completed the acquisition of Keystone Cement in Pennsylvania for €236m (USD 276m).3
  • Feb 2026Completed the acquisition of Caba Çimento, owner of the Traçim plant near Istanbul, for €178.3m.3
  • Feb 2026Issued €350m of 3.50% senior notes due 2031 through Titan Global Finance.1
  • Nov 2025The Investor Day in Athens unveiled the TITAN Forward 2029 strategic plan.1
  • Feb 2025Listed 13.333% of Titan America on the NYSE at USD 16.00 per share, raising USD 393m gross.1
Key figures
  • Cement and clinker volume 18.0m t FY20251
  • Aggregates volume 23.7m t FY20251
  • Ready-mix concrete volume 6.4m m³ FY20251
  • Alternative fuel substitution rate 22.3% FY20251
  • Net debt to EBITDA 1.4x H1 20262
Key facts
  • The Canellopoulos and Papalexopoulos families and their foundation act in concert over 48.89% of voting rights.1
  • The group holds 86.667% of Titan America, listed on the NYSE since February 2025.1
  • Treasury shares of 3,950,347, or 5.04% of voting rights at 31 December 2025.1
  • No single customer reaches 10% of sales, per Note 5 of the 2025 financial statements.1
  • TITAN Forward 2029 targets: sales up 6-8% a year, EBITDA up 11-13%, EPS of €5-6 and ROCE of 15-17%.1
AI-drafted from the cited sources · 30/09/2026 · v3 · ✓ checked by an independent second modelTitan S.A.Website ↗
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Why it moved
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News & events
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Peers
No listed peers
Results
How it did vs last year
Valuation
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Data: Twelve Data · End-of-day prices · Nothing here is investment advice.