CEMEX, S.A.B. de C.V.

DB:CEXB Stock Report

Market Cap: €7.6b

CEMEX. de Valuation

Is CEXB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CEXB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CEXB (€0.51) is trading below our estimate of fair value (€0.65)

Significantly Below Fair Value: CEXB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CEXB?

Key metric: As CEXB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CEXB. This is calculated by dividing CEXB's market cap by their current earnings.
What is CEXB's PE Ratio?
PE Ratio27.8x
EarningsUS$288.44m
Market CapUS$7.87b

Price to Earnings Ratio vs Peers

How does CEXB's PE Ratio compare to its peers?

The above table shows the PE ratio for CEXB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
HEI Heidelberg Materials
11.4x7.8%€21.2b
STO3 Sto SE KGaA
11x3.5%€723.6m
EVK Evonik Industries
35.8x33.1%€8.2b
FPE3 Fuchs
19.3x8.9%€5.1b
CEXB CEMEX. de
27.8x31.1%€161.1b

Price-To-Earnings vs Peers: CEXB is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

How does CEXB's PE Ratio compare vs other companies in the European Basic Materials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CEXB 27.8xIndustry Avg. 12.6xNo. of Companies9PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CEXB is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the European Basic Materials industry average (12.6x).

Price to Earnings Ratio vs Fair Ratio

What is CEXB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CEXB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.8x
Fair PE Ratio27.7x

Price-To-Earnings vs Fair Ratio: CEXB is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the estimated Fair Price-To-Earnings Ratio (27.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CEXB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.51
€0.79
+56.1%
15.7%€0.97€0.59n/a9
Nov ’25€0.47
€0.78
+66.2%
15.7%€0.97€0.59n/a9
Oct ’25€0.50
€0.85
+69.9%
14.0%€1.11€0.70n/a9
Sep ’25€0.53
€0.86
+62.1%
13.7%€1.12€0.73n/a9
Aug ’25€0.58
€0.87
+49.0%
12.9%€1.12€0.76n/a9
Jul ’25€0.58
€0.93
+61.2%
9.7%€1.12€0.82n/a8
Jun ’25€0.69
€0.93
+34.2%
10.3%€1.12€0.82n/a7
May ’25€0.76
€0.93
+22.0%
15.9%€1.14€0.62n/a8
Apr ’25€0.80
€0.89
+11.1%
15.4%€1.04€0.61n/a7
Mar ’25€0.72
€0.88
+21.6%
14.9%€1.03€0.61n/a7
Feb ’25€0.77
€0.83
+7.8%
18.2%€1.06€0.61n/a7
Jan ’25€0.70
€0.80
+14.6%
15.9%€1.02€0.61n/a7
Dec ’24€0.63
€0.80
+27.3%
15.9%€1.02€0.61n/a7
Nov ’24€0.56
€0.81
+46.7%
15.1%€1.00€0.62€0.477
Oct ’24€0.64
€0.82
+29.9%
12.1%€1.01€0.68€0.507
Sep ’24€0.74
€0.81
+8.8%
12.8%€0.98€0.66€0.537
Aug ’24€0.68
€0.75
+9.7%
8.4%€0.87€0.65€0.587
Jul ’24€0.64
€0.71
+11.0%
8.7%€0.82€0.61€0.587
Jun ’24€0.56
€0.71
+27.1%
8.7%€0.82€0.61€0.697
May ’24€0.55
€0.62
+13.8%
7.5%€0.68€0.55€0.767
Apr ’24€0.50
€0.61
+21.3%
8.7%€0.69€0.54€0.807
Mar ’24€0.48
€0.57
+17.2%
13.8%€0.67€0.40€0.727
Feb ’24€0.48
€0.60
+24.8%
17.0%€0.81€0.48€0.777
Jan ’24€0.35
€0.63
+77.1%
17.0%€0.85€0.50€0.707
Dec ’23€0.44
€0.63
+43.8%
17.0%€0.85€0.50€0.637
Nov ’23€0.36
€0.64
+77.5%
15.3%€0.84€0.53€0.566

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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