CEMEX, SAB de CV (CX)
| Market Cap | 9.30B |
| Revenue (ttm) | 17.39B |
| Net Income (ttm) | 182.00M |
| Shares Out | 1.51B |
| EPS (ttm) | 0.04 |
| PE Ratio | 43.93 |
| Forward PE | 10.03 |
| Dividend | $0.02 (0.34%) |
| Ex-Dividend Date | Jun 17, 2024 |
| Volume | 11,248,572 |
| Open | 6.30 |
| Previous Close | 6.34 |
| Day's Range | 6.02 - 6.37 |
| 52-Week Range | 5.67 - 9.27 |
| Beta | 1.06 |
| Analysts | Buy |
| Price Target | 8.95 (+45.53%) |
| Earnings Date | Jul 25, 2024 |
About CX
CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products. It also provides crushed stone,... [Read more]
Financial Performance
In 2023, Cemex's revenue was $17.39 billion, an increase of 11.63% compared to the previous year's $15.58 billion. Earnings were $182.00 million, a decrease of -78.79%.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for CX stock is "Buy." The 12-month stock price forecast is $8.95, which is an increase of 45.53% from the latest price.
News
Cemex Partners With the Ellen MacArthur Foundation to Accelerate Circular Economy Efforts in the Built Environment
MONTERREY, Mexico--(BUSINESS WIRE)---- $cemex #biodiversity--Cemex announced today that it has signed a Network Partnership agreement with the Ellen MacArthur Foundation to accelerate circular economy...
Broad Market Reach, Customers Expanding UKG Investments Fuel Second-Quarter Fiscal 2024 Momentum
LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--UKG, a leading provider of HR, payroll, workforce management, and culture solutions for all people, today provided a business update for the second quart...
Cemex and MPP collaborate to accelerate decarbonization projects
Cemex and the Mission Possible Partnership collaborate on an analysis of decarbonization levers in partnership with the Bezos Earth Fund. MONTERREY, Mexico , May 13, 2024 /PRNewswire/ -- Cemex and the...
Cemex Tops Industry in 2024 Climate and Energy Benchmark
MONTERREY, Mexico--(BUSINESS WIRE)-- #benchmark--Cemex has been recognized as the industry's top-scoring company in the World Benchmarking Alliance's 2024 Climate and Energy Benchmark. This recognitio...
Fitch Ratings Upgrades Cemex to Investment Grade
MONTERREY, Mexico--(BUSINESS WIRE)---- $cemex #cemex--Cemex announced today that it has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings. This follows S...
UKG Names New President, GTM: Meet Rachel Barger
LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--UKG, a leading provider of HR, payroll, workforce management, and culture solutions for all people, today announced that Rachel Barger, current Senior Vi...
Standard & Poor's Upgrades Cemex to Investment Grade
MONTERREY, Mexico--(BUSINESS WIRE)-- #SP--Rating agency Standard & Poor's (S&P) announced today that it has upgraded Cemex's long-term global scale issuer credit rating to Investment Grade (BBB-) due ...
Cemex Unveiled the First Fully Electric Ready-Mix Truck in the Middle East During COP28 in Dubai
MONTERREY, Mexico & DUBAI, United Arab Emirates--(BUSINESS WIRE)---- $cemex #cemex--This week, during COP28 in Dubai, Cemex unveiled the first fully electric, zero-emissions ready-mix truck in the Mid...
Cemex passes 1,000 lower-carbon truck milestone
MONTERREY, Mexico--(BUSINESS WIRE)-- #alternative--Cemex announced that it now has over 1,000 heavy-duty trucks powered with lower-carbon fuels as part of a comprehensive transition strategy seeking t...
Tallest tower in Latin America built with Cemex's Vertua lower-carbon concrete
MONTERREY, Mexico--(BUSINESS WIRE)---- $cemex #America--Cemex is supplying a specialty mix of Vertua concrete products for the construction of Rise Tower in Monterrey, Mexico, which is expected to bec...
Fernando A. González, CEO of Cemex, elected President of the Global Cement and Concrete Association
MONTERREY, Mexico--(BUSINESS WIRE)-- #association--Fernando A. González, CEO of Cemex, has been elected as the new President of the Global Cement and Concrete Association (GCCA). The GCCA's members ac...
Mexico's Cemex in talks with banks over $3 bln debt refinancing -BBG
Mexican cement maker Cemex is in talks to refinance its entire $3 billion credit facility with banks, Bloomberg reported on Thursday, citing company executives.
SaverOne Expand its Cooperation with Cemex: Launches First European Pilot with Cemex in Spain
PETAH TIKVAH, Israel , Sept. 6, 2023 /PRNewswire/ -- SaverOne 2014 Ltd.
Cemex and Synhelion make further progress toward the world's first fully solar-powered cement plant
MONTERREY, Mexico & ZURICH--(BUSINESS WIRE)---- $CX #alternative--Cemex and Synhelion announced today a significant milestone in their joint effort to develop fully solar-driven cement production: the...
Statement on the Illegal Occupation of Vulcan's Property in Mexico
BIRMINGHAM, Ala. , March 21, 2023 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today issued the following statement: On Tuesday, Marc...
Cemex Statement Regarding Marine Terminal in Quintana Roo, Mexico
MONTERREY, Mexico--(BUSINESS WIRE)--Cemex has an existing contractual relationship with Calica, a Mexican subsidiary of Vulcan Materials, for the use of a marine terminal located in Playa del Carmen, ...
Cemex updates its brand as part of an ongoing evolution
MONTERREY, Mexico , March 15, 2023 /PRNewswire/ -- Cemex unveiled today an updated brand in line with its ongoing evolution to help the world reach the next frontier of sustainable living, by becoming...
CEMEX, Sandia Labs, and Synhelion to Scale Solar Energy Technology to Produce Cement
MONTERREY, Mexico & ALBUQUERQUE, N.M. & LUGANO, Switzerland--(BUSINESS WIRE)-- #SandiaLabs--CEMEX, S.A.B. de C.V. ("CEMEX") announced today that the U.S. Department of Energy awarded US$3.2 million to...
Volvo Trucks and CEMEX Unveil First Fully Electric Heavy Concrete Mixer Truck
MONTERREY, Mexico--(BUSINESS WIRE)-- #cemex--CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that Volvo Trucks has supplied it with the world's first fully electric and zero-emission heavy concrete mi...
CEMEX Contributes to Circular Economy With Launch of Its Regenera Waste Management Business
MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. (“CEMEX”) announced today the launch of Regenera, a business that provides circularity solutions, including reception, management, recycling...
CEMEX Decarbonization Goals Validated by the SBTi for Alignment with 1.5ºC Scenario
MONTERREY, Mexico--(BUSINESS WIRE)-- #ScienceBasedTargets--CEMEX, S.A.B.
CEMEX Launches Startup Accelerator to Strengthen Its Open Innovation Approach
MONTERREY, Mexico--(BUSINESS WIRE)-- #accelerator--CEMEX, S.A.B.
Mexico's Cemex posts third-quarter profit after raising prices
Mexican cement producer Cemex posted a profit for the third quarter Thursday on higher prices, though shares slid after it missed core earnings estimates.
CEMEX and Ocean Conservancy Team Up to Clean Cancun Beaches
MONTERREY, Mexico--(BUSINESS WIRE)-- #beach--CEMEX has teamed up with Red Ambiental and Ocean Conservancy to clean Cancun's beaches and use the collected waste as an alternative to fossil fuels.
CEMEX to Align Its Decarbonization Goals With Most Ambitious 1.5º C Scenario
MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it is working with the Science-Based Targets initiative (SBTi) to validate its 2050 net-zero CO2 roadmap and it...