CEMEX, SAB de CV (CX)
| Market Cap | 10.20B |
| Revenue (ttm) | 15.58B |
| Net Income (ttm) | 858.00M |
| Shares Out | 1.45B |
| EPS (ttm) | 0.19 |
| PE Ratio | 4.48 |
| Forward PE | 5.15 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,245,390 |
| Open | 6.67 |
| Previous Close | 6.68 |
| Day's Range | 6.65 - 6.79 |
| 52-Week Range | 3.20 - 8.46 |
| Beta | 1.17 |
| Analysts | Buy |
| Price Target | 7.42 (+10.58%) |
| Earnings Date | Oct 26, 2023 |
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 worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building and paving solutions; logistic services; retail service through e-commerce platform; and design... [Read more]
Financial Performance
In 2022, CEMEX's revenue was $15.58 billion, an increase of 8.33% compared to the previous year's $14.38 billion. Earnings were $858.00 million, an increase of 13.94%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for CX stock is "Buy." The 12-month stock price forecast is $7.42, which is an increase of 10.58% from the latest price.
News
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...
CEMEX Showcases Sustainability Progress and Commitments at UN General Assembly
MONTERREY, Mexico--(BUSINESS WIRE)-- #GlobalCompact--CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it is reaffirming its commitment to the United Nation's Sustainable Development Goals (SDGs), ...
Cemex Takes Action to Reduce Road Transportation CO2 Emissions
MONTERREY, Mexico--(BUSINESS WIRE)-- #carbon--CEMEX added nearly 200 lower-carbon natural gas-powered trucks as part of a comprehensive strategy seeking to decarbonize its global fleet.
Mexico's Cemex posts earnings drop, cuts operating profit forecast
Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings and lowered its full-year operating profit forecast, even as it boosted prices to offset surging en...
Advent International and CEMEX Partner to Accelerate Development of NEORIS
MIAMI--(BUSINESS WIRE)--ADVENT INTERNATIONAL AND CEMEX PARTNER TO ACCELERATE DEVELOPMENT OF NEORIS.
CEMEX Supports Initiative to Clean Mexican Beaches
MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX´s subsidiary Pro Ambiente participated in the cleanup of La Ventanilla Beach, as part of "United for the Mexican Beaches" initiative.
CEMEX Continues to Lead in Climate Action With Its New Green Financing Framework
MONTERREY, Mexico--(BUSINESS WIRE)-- #cemex--CEMEX launches its Green Financing Framework, the first in its sector, further expanding its commitment to sustainable finance.
Cemex and Partners Inaugurate the Carbon Neutral Alliance at Rüdersdorf Cement Plant
MONTERREY, Mexico--(BUSINESS WIRE)-- #Brandenburg--CEMEX, S.A.B. de C.V. (“CEMEX”) and its partners announced today the inauguration of the Carbon Neutral Alliance, which aims to accelerate the develo...
Mexico's Cemex to fully operate UK cement plant on alternative fuel
MEXICO CITY (Reuters) -Mexico's Cemex, one of the largest concrete producers globally, said Monday it would fully operate a cement plant in the United Kingdom on a type of alternative fuel, as the com...
CEMEX to Operate Fully on Alternative Fuels at UK Cement Plant
MONTERREY, Mexico--(BUSINESS WIRE)-- #alternativefuel--New Climafuel facility will eliminate fossil fuel usage at the CEMEX Rugby cement plant and allow to operate on 100% alternative fuels.
Vertua Low-Carbon to Account for Majority of Cement and Concrete Sales By 2025
MONTERREY, Mexico--(BUSINESS WIRE)---- $CEMEX #CEMEX--CEMEX is setting the goal for its Vertua low-carbon cement and concrete products of reaching more than half of all cement and concrete sales by 20...
CEMEX Successfully Turns CO2 Into Carbon Nanomaterials
MONTERREY, Mexico--(BUSINESS WIRE)---- $CEMEX #CEMEX--CEMEX has successfully converted CO2 into carbon nanomaterials in a laboratory setting.