TTAM
Titan America S.A.
TTAM's fundamentals are mixed: free cash flow grew 76%, while its operating margin held steady at 15%. At 12x earnings, it's trading below its usual 16x. Analysts expect earnings to decline.
TTAM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
TTAM's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
TTAM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $11.40 | — |
| Current | 12x | $11.40 | — |
| Cheap | 14x | $13.91 | +22% |
| Fair | 16x | $15.65 | +37% |
| Expensive | 17x | $16.63 | +46% |
Historical ranges are pointers, not guarantees.
TTAM's PE is in its cheap range at 12x. On analysts' estimates for next year's earnings, today's price would be 11x.
TTAM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect TTAM's revenue to grow, but its earnings and profitability to decline.
TTAM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.00 | +4.4% |
| Q2 2026 | $0.96 | +6.7% |
| Q1 2026 | $1.01 | +6.3% |
| Q4 2025 | $1.02 | +11% |
| Q3 2025 | $0.99 | +3.1% |
TTAM's earnings per share have climbed steadily: $0.96 over the past year, up 6.7% from the year before, and higher year over year every quarter since late 2025.
TTAM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $470.6M | +9.6% |
| Q1 2026 | $398.4M | +1.5% |
| Q4 2025 | $405.7M | +4.1% |
| Q3 2025 | $436.8M | +6.2% |
| Q2 2025 | $429.2M | -0.9% |
| Q1 2025 | $392.4M | -1.9% |
| Q4 2024 | $389.8M | -2.3% |
TTAM's revenue has grown year over year for four quarters in a row: $471M last quarter, up 9.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | -2.6 points |
| Q1 2026 | 12% | -0.7 points |
| Q4 2025 | 15% | +2.5 points |
| Q3 2025 | 20% | +3.4 points |
| Q2 2025 | 16% | -3.9 points |
| Q1 2025 | 13% | +1.6 points |
| Q4 2024 | 13% | -1.2 points |
| Q3 2024 | 16% | N/A |
TTAM's operating margin was 14% last quarter, down 2.6 points from the same quarter a year ago.
TTAM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $20M | -15% |
| Q1 2026 | $29.6M | +1024% |
| Q4 2025 | $37.7M | +37% |
| Q3 2025 | $67.3M | +96% |
| Q2 2025 | $23.4M | -34% |
| Q1 2025 | $2.6M | -81% |
| Q4 2024 | $27.4M | -53% |
TTAM's free cash flow has been positive every quarter since late 2023: $155M over the past year, up 76% from the year before.
TTAM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +99.1K shares |
| 1 year | +0.1% | +249K shares |
TTAM has 185M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
TTAM hasn't bought back shares in the past year.
TTAM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.7x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 1.3x | Healthy |
| Q3 2024 | 1.2x | Healthy |
TTAM's net debt is about 1.4 years of its operating earnings (EBITDA), up from less than a year a year ago.
TTAM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.3 | Neutral |
| Stochastic | 8.4 | Oversold |
TTAM's weekly RSI is 32 (neutral) and its Stochastic is 8 (oversold).
TTAM PE vs Basic Materials Sector
| Metric | TTAM | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 19x | 36% below |
| PE % | 1 | 3 | 2 pts below |
TTAM is trading at 12x earnings, a 36% discount to the Basic Materials sector's median of 19x.
TTAM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.0 | 12% below |
| 20 week MA | $14.7 | 23% below |
| 50 week MA | $16.0 | 29% below |
TTAM is in a downtrend: it's below all three of its weekly moving averages, and 29% below its 50-week average.
TTAM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $16.7 | $17.0 | +2% |
| 2026 YTD | $17.0 | $11.4 | -33% |
TTAM has finished every year since 2025 higher, and it's down 33% so far in 2026.