CEMEX, SAB de CV (CX)

NYSE: CX · IEX Real-Time Price · USD
8.27
+0.09 (1.10%)
Apr 26, 2024, 4:00 PM EDT - Market closed
1.10%
Market Cap 12.50B
Revenue (ttm) 15.58B
Net Income (ttm) 858.00M
Shares Out 1.51B
EPS (ttm) 0.19
PE Ratio 67.67
Forward PE 10.03
Dividend n/a
Ex-Dividend Date n/a
Volume 3,964,813
Open 8.22
Previous Close 8.18
Day's Range 8.19 - 8.31
52-Week Range 5.67 - 9.27
Beta 1.09
Analysts Buy
Price Target 9.04 (+9.31%)
Earnings Date Apr 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]

Sector Materials
IPO Date Sep 15, 1999
Employees 43,853
Stock Exchange NYSE
Ticker Symbol CX
Full Company Profile

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 Statements

Analyst Forecast

According to 5 analysts, the average rating for CX stock is "Buy." The 12-month stock price forecast is $9.04, which is an increase of 9.31% from the latest price.

Price Target
$9.04
(9.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

7 days ago - Business Wire

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 ...

6 weeks ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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.

7 months ago - Reuters

SaverOne Expand its Cooperation with Cemex: Launches First European Pilot with Cemex in Spain

PETAH TIKVAH, Israel , Sept. 6, 2023 /PRNewswire/ -- SaverOne 2014 Ltd.

Other symbols: SVRE
8 months ago - PRNewsWire

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...

9 months ago - Business Wire

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...

Other symbols: VMC
1 year ago - PRNewsWire

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, ...

1 year ago - Business Wire

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...

1 year ago - PRNewsWire

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...

1 year ago - Business Wire

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...

Other symbols: VLVLY
1 year ago - Business Wire

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...

1 year ago - Business Wire

CEMEX Decarbonization Goals Validated by the SBTi for Alignment with 1.5ºC Scenario

MONTERREY, Mexico--(BUSINESS WIRE)-- #ScienceBasedTargets--CEMEX, S.A.B.

1 year ago - Business Wire

CEMEX Launches Startup Accelerator to Strengthen Its Open Innovation Approach

MONTERREY, Mexico--(BUSINESS WIRE)-- #accelerator--CEMEX, S.A.B.

1 year ago - Business Wire

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.

1 year ago - Reuters

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.

1 year ago - Business Wire

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...

1 year ago - Business Wire

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), ...

1 year ago - Business Wire

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.

1 year ago - Business Wire

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...

1 year ago - Reuters

Advent International and CEMEX Partner to Accelerate Development of NEORIS

MIAMI--(BUSINESS WIRE)--ADVENT INTERNATIONAL AND CEMEX PARTNER TO ACCELERATE DEVELOPMENT OF NEORIS.

1 year ago - Business Wire

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.

1 year ago - Business Wire