Your… ceiling remains pierced by your stock Titan Cement node Athens Stock Exchangewith the listed company heading towards another historic record.
Specifically, during today’s session, the company’s title rises at least 4.4%making him jump to 35.5 euros, which constitute a new record.
In fact, the upward movement is accompanied by a particularly “lively” buying interest, given that by 2:00 p.m., 57,667 units had been traded, worth at least 2 million euros.
This value already exceeds the average daily volume of 2024 (around 1.3 million euros), with at least three hours to go until the end of today’s session on Avenida Atenas.
60% rally in 2024
Taking into account everything that has been exposed, it is no coincidence that the performance of the share in the 9 months of 2024 reaches very impressive +60%with her capitalization of the listed company exceeds 2.7 billion euros.
What…the Stock Market is looking for – The missing elements to “take off”
Despite successive all-time highs, Titan Cement shares actually continue to be a attractive option for the investor, since the P/E earnings multiplier ratio does not exceed 8x.
Certainly, the prospect of joining the American subsidiary Titan America on the New York Stock Exchange has rekindled interest in the company, which offers investors a strong and promising story.
This is also recognized by analysts, with NBG Titles to provide a new 12-month price target for shares today in 41 euroswith the broker noting a 9% discount in Titan’s value compared to its competitors.
Financial performance
In the first half of 2024, the Group presented 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 profitability at the 12-month level. It should be recalled that in 2023 profits reached 268 million euros, double the value of 2022.
The largest source of revenue and profits proved to be again the US Marketwith sales reaching 774 million euros (+5%) and EBITDA at 164 million euros (+21%) in the first half of 2024.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)