Titan America SA (TTAM) - Net Assets
Based on the latest financial reports, Titan America SA (TTAM) has net assets worth $1.06 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.93 Billion) and total liabilities ($868.65 Million). 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. Check how tangible is Titan America SA's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.06 Billion |
| % of Total Assets | 54.99% |
| Annual Growth Rate | 20.38% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 13.75 |
Titan America SA - Net Assets Trend (2022–2025)
This chart illustrates how Titan America SA's net assets have evolved over time, based on quarterly financial data. See TTAM days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Titan America SA (2022–2025)
The table below shows the annual net assets of Titan America SA from 2022 to 2025. For live valuation and market cap data, see TTAM market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.03 Billion | +37.87% |
| 2024-12-31 | $750.01 Million | +4.20% |
| 2023-12-31 | $719.77 Million | +21.43% |
| 2022-12-31 | $592.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Titan America 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 95.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $777.75 Million | 75.21% |
| Other Components | $256.32 Million | 24.79% |
| Total Equity | $1.03 Billion | 100.00% |
Titan America SA Competitors by Market Cap
The table below lists competitors of Titan America SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunrun Inc
NASDAQ:RUN
|
$2.89 Billion |
|
Inter Parfums Inc
NASDAQ:IPAR
|
$2.89 Billion |
|
Van Lanschot NV
AS:VLK
|
$2.89 Billion |
|
Liechtensteinische Landesbank AG
SW:LLBN
|
$2.89 Billion |
|
Wuhan PS Information Tech
SHE:300184
|
$2.89 Billion |
|
Gulfport Energy Operating Corp
NYSE:GPOR
|
$2.89 Billion |
|
SIMMTECH Co. Ltd
KQ:222800
|
$2.89 Billion |
|
Doosan Fuel Cell Co Ltd
KO:336260
|
$2.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Titan America SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 750,014,000 to 1,034,066,000, a change of 284,052,000 (37.9%).
- Net income of 185,439,000 contributed positively to equity growth.
- Dividend payments of 29,498,000 reduced retained earnings.
- New share issuances of 144,000,000 increased equity.
- Other comprehensive income increased equity by 2,453,189,000.
- Other factors decreased equity by 2,469,078,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $185.44 Million | +17.93% |
| Dividends Paid | $29.50 Million | -2.85% |
| Share Issuances | $144.00 Million | +13.93% |
| Other Comprehensive Income | $2.45 Billion | +237.24% |
| Other Changes | $-2.47 Billion | -238.77% |
| Total Change | $- | 37.87% |
Book Value vs Market Value Analysis
This analysis compares Titan America 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: 3.26x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.71x to 3.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $3.22 | $18.37 | x |
| 2023-12-31 | $3.90 | $18.37 | x |
| 2024-12-31 | $4.07 | $18.37 | x |
| 2025-12-31 | $5.64 | $18.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Titan America 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): 17.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.14%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.83x
- Recent ROE (17.93%) is below the historical average (18.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 10.58% | 4.60% | 0.94x | 2.44x | $3.45 Million |
| 2023 | 21.57% | 9.75% | 1.06x | 2.08x | $83.27 Million |
| 2024 | 22.14% | 10.16% | 1.04x | 2.09x | $91.07 Million |
| 2025 | 17.93% | 11.14% | 0.88x | 1.83x | $82.03 Million |
Industry Comparison
This section compares Titan America SA's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $109,635,824,055
- Average return on equity (ROE) among peers: -11.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Titan America SA (TTAM) | $1.06 Billion | 10.58% | 0.82x | $2.89 Billion |
| Amrize Ltd (AMRZ) | $9.91 Billion | 14.31% | 1.40x | $27.46 Billion |
| Capstone Holding Corp. Common Stock (CAPS) | $23.47 Million | 0.00% | 0.08x | $3.66 Million |
| Captivision Inc (CAPT) | $2.72 Million | -216.91% | 12.48x | $173.15K |
| Cementos Pacasmayo SAA ADR (CPAC) | $1.45 Billion | 5.31% | 0.97x | $884.47 Million |
| Cemex SAB de CV ADR (CX) | $5.14 Billion | 1.40% | 1.04x | $17.28 Billion |
| Eagle Materials Inc (EXP) | $405.69 Million | 24.10% | 1.75x | $6.73 Billion |
| James Hardie Industries PLC ADR (JHX) | $1.86 Billion | 27.45% | 1.64x | $11.95 Billion |
| Knife River Corporation (KNF) | $1.48 Billion | 13.66% | 0.93x | $4.89 Billion |
| Loma Negra Compania Industrial Argentina SA ADR (LOMA) | $1.07 Trillion | 2.57% | 0.77x | $1.30 Billion |
| Martin Marietta Materials Inc (MLM) | $5.89 Billion | 12.23% | 0.80x | $35.45 Billion |
About Titan America SA
Titan America SA, through its subsidiaries, manufactures and supplies heavy building materials and services in the United States. The company offers cement and cementitious materials, ready-mix concrete, aggregates, concrete blocks, fly ash, and other ancillary products. It also engages in trading, real estate holdings, insurance brokerage, and transportation brokerage activities. The company was… Read more