Stock fact sheet · data as of
Titan America S.A. (TTAM): fair value, margin of safety and Wheel Score
Basic Materials · Construction Materials · Belgium · Value
Is TTAM undervalued?
TTAM has a margin of safety of 41%: the stock closed at 13.07 on 16 Oct 2026 against a GLS average fair value of 22.15. 5 of the 9 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: DDM gives 2.35 while GLS Growth gives 58.85. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files TTAM under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for TTAM
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 16.47 | +26% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 11.30 | -14% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 27.49 | +110% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 9.97 | -24% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 58.85 | +350% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 29.00 | +122% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 33.21 | +154% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 2.35 | -82% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 10.68 | -18% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.36 | -110% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 18.75 | +43% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: TTAM passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 9.3 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.
Returns on capital are high - ROIC 12.4%, ROE 17.9%, ROA 9.8% - with debt at 0.45 times equity and a free-cash-flow yield of 6.4%.
The dividend yield is 1.22% with a payout ratio of 17% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Ready Mix Concrete 50%, Cement 42%, Aggregates 8% (fiscal year FY2025).
Institutional ownership scores 2/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 12.4% |
|---|---|---|---|
| GLS Moat | 9.3 / 10 | ROE | 17.9% |
| Debt / equity | 0.45 | ROA | 9.8% |
| Free-cash-flow yield | 6.4% | Payout ratio | 17% |
| Institutions | 2 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 80: Prime
TTAM scores 80 out of 100 on the Wheel Score, in the Prime band (80 and above), which fewer than one stock in twenty reaches on any night. The score blends five things a wheel trader checks before selling a cash-secured put: the margin of safety (Value, 25/25), Piotroski health (9/20), the GLS moat (14/15), the option premium on offer (20/20) and how easily the stock trades (12/20).
Implied volatility is 41% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 4,138 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 275k shares a day on a market cap of $2.4B, with a beta of 1.08; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 41% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 14 / 15 | moat 9.3/10 | |
| Premium | 20 / 20 | implied volatility 41% | |
| Stability | 12 / 20 | 275k shares/day, $2.4B cap, beta 1.08 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Construction Materials
The 12 companies below are the closest to Titan America S.A. by market cap within the Construction Materials industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| KNF Knife River Corporation | 49.95 | 66.95 | +25% | 75Good | $2.8B |
| USLM United States Lime & Minerals, Inc. | 104.88 | 100.85 | -4% | 68Good | $3.0B |
| TGLS Tecnoglass Inc. | 36.77 | 40.23 | +9% | 65Good | $1.6B |
| GFF Griffon Corporation | 93.21 | 103.26 | +10% | 71Good | $4.3B |
| TREX Trex Company, Inc. | 44.37 | 39.48 | -12% | 67Good | $4.5B |
| FBIN Fortune Brands Innovations, Inc. | 39.96 | 30.61 | -31% | 60Fair | $4.8B |
| LOMA Loma Negra Compañía Industrial Argentina Sociedad Anónima | 10.12 | 1,794.37 | +99% | 72Good | $1.2B |
| EXP Eagle Materials Inc. | 170.58 | 190.85 | +11% | 76Good | $5.2B |
| CPAC Cementos Pacasmayo S.A.A. | 12.67 | 28.00 | +55% | 39No options | $1.1B |
| BLDR Builders FirstSource, Inc. | 53.68 | 54.24 | +1% | 68Good | $5.8B |
| MCEM The Monarch Cement Company | 260.00 | 361.08 | +28% | 39No options | $977M |
| NWPX NWPX Infrastructure, Inc. | 98.15 | 111.76 | +12% | 73Good | $946M |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about TTAM
Is TTAM undervalued right now?
By the GLS models, yes: at 13.07 the stock is 41% below the average fair value of 22.15 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TTAM and what does it mean?
TTAM scores 80 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for TTAM?
22.15 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Titan America S.A. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does TTAM have listed options, and how liquid are they?
Yes. The nightly snapshot found 160 listed contracts with 4,138 open interest across all expiries and implied volatility of 41% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.