In the news historically high your actions move Titan Cement at the Athens Stock Exchangewith the robust ones first half financial figures to give… wings to the listed company.
It is characteristic that the company’s share is increased by at least 2.6% or 0.85 euros, which rises to the daily maximums of 32.85 euros.
This is the highest level since 2019, when trading of shares in the new corporate structure began.
The upward movement is, in fact, accompanied by a particularly lively investment interest, since 36,454 units have been traded to date, with a total value of approx. 1.2 million euros.
TITAN Group: 7.6% increase in sales in the first half of the year
Strong sizes
The wave of purchases is driven by the satisfactory results of the first half of the year, which showed an increase of sales by 7.6% (to 1.3 billion euros), from EBITDA by 16.7% (to 281.4 million euros) and the net value profitability by 34.1% (to 148.7 million euros).
The above figures pave the way for a further improvement in the Group’s profitability in 12 month level. It should be remembered that in 2023 profits reached 268 million euros, double the value of 2022.
Focus on the USA
The largest source of revenue and profits proved to be again the US Marketwith sales reaching 774 million euros (+5%) and EBITDA reaching 164 million euros (+21%) in the first half of the year.
Furthermore, let us not forget that Titan Cement is well on its way to launching its American subsidiary (Titan America) New York Stock Exchange, which is expected to happen in the first quarter of 2025.
The success of the IPO (for 25% of the shares) will certainly provide a significant premium to the parent company, whose shares are traded simultaneously on the Athens, Brussels and Paris Stock Exchanges.
50% rally
All this is reflected in the most eloquent way on Avenida Atenas, where the stock market “runs” recovery of over 50% since the beginning of 2024which raised the company’s capitalization to 2.5 billion euros.
Despite the consecutive record highs, Titan Cement shares actually remain an attractive option for the investor as the earnings multiplier ratio OP/E does not exceed 7x.
Based on the waist value – target of analysts, the threshold for 12-month deep inventory is set at 38.2 euroswhich translates into a positive margin of 16%.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)