Titan Cement International SA Net Assets
Titan Cement International SA net assets. Based on the latest financial reports, Titan Cement International SA (TITC) has net assets worth €2.03 Billion EUR (≈ $2.37 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.40 Billion ≈ $3.97 Billion USD) and total liabilities (€1.37 Billion ≈ $1.60 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Titan Cement International SA net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.03 Billion |
| % of Total Assets | 59.75% |
| Annual Growth Rate | 0.79% |
| 5-Year Change | 44.04% |
| 10-Year Change | 6.99% |
| Growth Volatility | 31.86 |
Net Assets of Titan Cement International SA (2012–2024)
Net assets of Titan Cement International SA from 2012 to 2024. This chart illustrates how Titan Cement International SA's net assets have evolved over time, based on quarterly financial data. See TITC net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Titan Cement International SA (2012–2024)
The table below shows the annual net assets of Titan Cement International SA from 2012 to 2024. For live market cap and overall valuation, see TITC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.82 Billion ≈ $2.13 Billion |
+15.25% |
| 2023-12-31 | €1.58 Billion ≈ $1.85 Billion |
+11.15% |
| 2022-12-31 | €1.42 Billion ≈ $1.67 Billion |
+6.54% |
| 2021-12-31 | €1.34 Billion ≈ $1.56 Billion |
+5.54% |
| 2020-12-31 | €1.27 Billion ≈ $1.48 Billion |
-10.15% |
| 2019-12-31 | €1.41 Billion ≈ $1.65 Billion |
-- |
| 2018-12-31 | €0.00 ≈ $0.00 |
-- |
| 2017-12-31 | €0.00 ≈ $0.00 |
-- |
| 2016-12-31 | €1.48 Billion ≈ $1.73 Billion |
-13.42% |
| 2015-12-31 | €1.71 Billion ≈ $1.99 Billion |
+4.77% |
| 2014-12-31 | €1.63 Billion ≈ $1.90 Billion |
+5.77% |
| 2013-12-31 | €1.54 Billion ≈ $1.80 Billion |
-7.30% |
| 2012-12-31 | €1.66 Billion ≈ $1.94 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Titan Cement International SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 25.3% over the analyzed period, indicating profitable operations and earnings retention.
Titan Cement International SA Net Assets Breakdown (December 2024)
Titan Cement International SA net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.72 Billion | 96.16% |
| Common Stock | €959.35 Million | 53.68% |
| Other Comprehensive Income | €220.40 Million | 12.33% |
| Total Equity | €1.79 Billion | 100.00% |
Titan Cement International SA Competitors by Market Cap
The table below lists competitors of Titan Cement International SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wuxi Taiji Industry Co Ltd
SHG:600667
|
$3.92 Billion |
|
China National Software & Service Co Ltd
SHG:600536
|
$3.92 Billion |
|
MAZDA MOTOR UNSP.ADR/2
F:MZA0
|
$3.92 Billion |
|
Western Securities Co Ltd
SHE:002673
|
$3.92 Billion |
|
T&S Communications Co Ltd
SHE:300570
|
$3.92 Billion |
|
Q2 Holdings
NYSE:QTWO
|
$3.92 Billion |
|
Indivior PLC Ordinary Shares
NASDAQ:INDV
|
$3.91 Billion |
|
PT Pantai Indah Kapuk Dua Tbk
JK:PANI
|
$3.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Titan Cement International SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,552,403,000 to 1,787,064,000, a change of 234,661,000 (15.1%).
- Net income of 289,160,000 contributed positively to equity growth.
- Dividend payments of 63,408,000 reduced retained earnings.
- Share repurchases of 22,443,000 reduced equity.
- New share issuances of 488,000 increased equity.
- Other comprehensive income increased equity by 1,799,564,000.
- Other factors decreased equity by 1,768,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €289.16 Million | +16.18% |
| Dividends Paid | €63.41 Million | -3.55% |
| Share Repurchases | €22.44 Million | -1.26% |
| Share Issuances | €488.00K | +0.03% |
| Other Comprehensive Income | €1.80 Billion | +100.7% |
| Other Changes | €-1.77 Billion | -98.97% |
| Total Change | €- | 15.12% |
Book Value vs Market Value Analysis
This analysis compares Titan Cement International SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.96x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.24x to 1.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | €20.98 | €47.10 | x |
| 2013-12-31 | €17.37 | €47.10 | x |
| 2014-12-31 | €18.34 | €47.10 | x |
| 2015-12-31 | €19.29 | €47.10 | x |
| 2016-12-31 | €19.16 | €47.10 | x |
| 2017-12-31 | €16.96 | €47.10 | x |
| 2018-12-31 | €18.09 | €47.10 | x |
| 2019-12-31 | €17.25 | €47.10 | x |
| 2020-12-31 | €16.17 | €47.10 | x |
| 2021-12-31 | €17.60 | €47.10 | x |
| 2022-12-31 | €19.43 | €47.10 | x |
| 2023-12-31 | €20.76 | €47.10 | x |
| 2024-12-31 | €24.01 | €47.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Titan Cement International SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.94%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.84x
- Recent ROE (16.18%) is above the historical average (5.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -1.43% | -2.17% | 0.37x | 1.77x | €-195.57 Million |
| 2013 | -2.55% | -3.20% | 0.42x | 1.88x | €-177.69 Million |
| 2014 | 2.05% | 2.67% | 0.41x | 1.87x | €-119.75 Million |
| 2015 | 2.13% | 2.41% | 0.47x | 1.86x | €-124.94 Million |
| 2016 | 8.63% | 8.44% | 0.35x | 2.89x | €-20.24 Million |
| 2017 | 3.27% | 2.84% | 0.58x | 1.99x | €-88.02 Million |
| 2018 | 3.86% | 3.61% | 0.52x | 2.06x | €-85.61 Million |
| 2019 | 3.70% | 3.16% | 0.56x | 2.08x | €-86.61 Million |
| 2020 | 0.09% | 0.07% | 0.60x | 2.14x | €-124.01 Million |
| 2021 | 6.96% | 5.36% | 0.64x | 2.03x | €-40.24 Million |
| 2022 | 7.86% | 4.80% | 0.76x | 2.15x | €-29.80 Million |
| 2023 | 17.31% | 10.55% | 0.79x | 2.07x | €113.45 Million |
| 2024 | 16.18% | 10.94% | 0.81x | 1.84x | €110.45 Million |
Industry Comparison
This section compares Titan Cement International SA's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $26,090,000
- Average return on equity (ROE) among peers: -2.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Titan Cement International SA (TITC) | €2.03 Billion | -1.43% | 0.67x | $3.92 Billion |
| Scheerders van Kerchove's Verenigde fabrieken nv (SCHD) | $26.09 Million | -2.57% | 0.53x | $1.50 Million |
About Titan Cement International SA
Titan S.A., together with its subsidiaries, engages in the production, trade, and distribution of construction materials in Greece, the Balkans, Egypt, Türkiye, the United States, and Brazil. The company offers cement; ready-mix concrete; aggregates, such as sand, gravel, crushed stone, and recycled concrete; dry mortars, building blocks, and other concrete products, as well as fly ash for roads,… Read more