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CEMEX. de

NYSE:CX
Snowflake Description

Very undervalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CX
NYSE
MX$138B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The last earnings update was 52 days ago. More info.


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CX Share Price and Events
7 Day Returns
1.9%
NYSE:CX
0.8%
US Basic Materials
-0.3%
US Market
1 Year Returns
-28.4%
NYSE:CX
-3.8%
US Basic Materials
7%
US Market
CX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CEMEX. de (CX) 1.9% 7.5% -12.4% -28.4% -30.4% -55.7%
US Basic Materials 0.8% 6.5% 16.8% -3.8% 13% 65.8%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • CX underperformed the Basic Materials industry which returned -3.8% over the past year.
  • CX underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
CX
Industry
5yr Volatility vs Market

Value

 Is CEMEX. de undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CEMEX. de to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CEMEX. de.

NYSE:CX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 30%) (150.33%))
1.571
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.571 * 5.96%)
12.09%

Discounted Cash Flow Calculation for NYSE:CX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CEMEX. de is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 12.09%)
2019 18,934.33 Analyst x9 16,891.64
2020 20,722.16 Analyst x10 16,492.20
2021 24,024.28 Analyst x6 17,057.51
2022 26,371.34 Analyst x5 16,703.95
2023 31,029.62 Analyst x3 17,534.18
2024 34,115.42 Est @ 9.94% 17,198.13
2025 36,769.69 Est @ 7.78% 16,536.45
2026 39,073.38 Est @ 6.27% 15,676.72
2027 41,107.00 Est @ 5.2% 14,713.36
2028 42,941.30 Est @ 4.46% 13,711.75
Present value of next 10 years cash flows MX$162,515.88
NYSE:CX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= MX$42,941.30 × (1 + 2.73%) ÷ (12.09% – 2.73%)
MX$471,151.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$471,151.50 ÷ (1 + 12.09%)10
MX$150,445.18
NYSE:CX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$162,515.88 + MX$150,445.18
MX$312,961.06
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$312,961.06 / 14,980.77
MX$20.89
NYSE:CX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NYSE:CX represents 0.52814x of BMV:CEMEX CPO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.52814x
Value per Share
(Listing Adjusted, USD)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 20.89 x 0.52814
$11.03
Value per share (USD) From above. $11.03
Current discount Discount to share price of $4.88
= -1 x ($4.88 - $11.03) / $11.03
55.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CEMEX. de is available for.
Intrinsic value
>50%
Share price is $4.88 vs Future cash flow value of $11.03
Current Discount Checks
For CEMEX. de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CEMEX. de's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CEMEX. de's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CEMEX. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CEMEX. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in MXN MX$0.67
BMV:CEMEX CPO Share Price ** BMV (2019-04-18) in MXN MX$9.24
United States of America Basic Materials Industry PE Ratio Median Figure of 11 Publicly-Listed Basic Materials Companies 25.6x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CEMEX. de.

NYSE:CX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:CEMEX CPO Share Price ÷ EPS (both in MXN)

= 9.24 ÷ 0.67

13.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CEMEX. de is good value based on earnings compared to the US Basic Materials industry average.
  • CEMEX. de is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CEMEX. de's expected growth come at a high price?
Raw Data
NYSE:CX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
15.4%per year
United States of America Basic Materials Industry PEG Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:CX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.82x ÷ 15.4%

0.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CEMEX. de is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CEMEX. de's assets?
Raw Data
NYSE:CX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in MXN MX$12.59
BMV:CEMEX CPO Share Price * BMV (2019-04-18) in MXN MX$9.24
United States of America Basic Materials Industry PB Ratio Median Figure of 13 Publicly-Listed Basic Materials Companies 2.05x
United States of America Market PB Ratio Median Figure of 5,184 Publicly-Listed Companies 1.91x
NYSE:CX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:CEMEX CPO Share Price ÷ Book Value per Share (both in MXN)

= 9.24 ÷ 12.59

0.73x

* Primary Listing of CEMEX. de.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CEMEX. de is good value based on assets compared to the US Basic Materials industry average.
X
Value checks
We assess CEMEX. de's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. CEMEX. de has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CEMEX. de expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CEMEX. de expected to grow at an attractive rate?
  • CEMEX. de's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CEMEX. de's earnings growth is expected to exceed the United States of America market average.
  • CEMEX. de's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 15.4%
NYSE:CX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 3.1%
United States of America Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
United States of America Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CX Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 311,090 1
2022-12-31 313,379 20,205 5
2021-12-31 303,713 38,758 17,695 11
2020-12-31 293,030 35,770 16,425 19
2019-12-31 278,419 31,417 14,471 20
NYSE:CX Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2018-12-31 276,855 26,545 10,316
2018-09-30 273,432 28,513 9,025
2018-06-30 266,540 30,276 11,241
2018-03-31 258,419 30,945 8,639
2017-12-31 257,437 31,105 11,854
2017-09-30 255,756 27,796 17,959
2017-06-30 258,073 30,788 17,964
2017-03-31 256,681 34,399 16,364
2016-12-31 249,477 39,222 13,437
2016-09-30 238,984 36,033 10,685
2016-06-30 233,369 31,288 4,623
2016-03-31 226,007 28,089 2,963

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CEMEX. de's earnings are expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
  • CEMEX. de's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from CEMEX. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CX Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.44 1.53 1.32 3.00
2020-12-31 1.24 1.36 1.13 4.00
2019-12-31 1.06 1.17 0.94 5.00
NYSE:CX Past Financials Data
Date (Data in MXN Millions) EPS *
2018-12-31 0.67
2018-09-30 0.59
2018-06-30 0.72
2018-03-31 0.56
2017-12-31 0.78
2017-09-30 1.19
2017-06-30 1.19
2017-03-31 1.08
2016-12-31 0.90
2016-09-30 0.72
2016-06-30 0.31
2016-03-31 0.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CEMEX. de is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CEMEX. de's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CEMEX. de has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CEMEX. de performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CEMEX. de's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CEMEX. de has delivered over 20% year on year earnings growth in the past 5 years.
  • CEMEX. de's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CEMEX. de's 1-year earnings growth is negative, it can't be compared to the US Basic Materials industry average.
Earnings and Revenue History
CEMEX. de's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CEMEX. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CX Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 276,855.00 10,316.00 61,469.00
2018-09-30 273,431.68 9,024.89 60,924.17
2018-06-30 266,540.16 11,241.14 59,369.65
2018-03-31 258,419.16 8,639.25 57,420.74
2017-12-31 257,437.00 11,854.00 56,734.00
2017-09-30 255,756.25 17,959.33 56,201.81
2017-06-30 258,072.82 17,964.07 56,425.36
2017-03-31 256,681.39 16,363.93 56,070.90
2016-12-31 249,477.00 13,437.00 54,681.00
2016-09-30 238,984.18 10,684.91 52,471.85
2016-06-30 233,368.83 4,622.60 51,639.29
2016-03-31 226,007.21 2,963.40 49,945.30
2015-12-31 219,299.00 317.00 48,562.00
2015-09-30 220,166.81 -3,849.05 47,610.68
2015-06-30 212,975.63 -4,608.78 46,131.52
2015-03-31 206,867.58 -5,243.24 44,847.92
2014-12-31 199,942.00 -6,709.00 43,928.00
2014-09-30 202,438.81 -7,624.38 43,690.18
2014-06-30 201,901.08 -8,110.20 42,798.36
2014-03-31 201,281.65 -10,985.63 42,434.28
2013-12-31 190,370.00 -10,931.00 40,404.00
2013-09-30 193,196.75 -13,715.12 40,856.83
2013-06-30 191,820.43 -14,344.36 40,370.05
2013-03-31 193,665.84 -14,959.57 40,720.26
2012-12-31 197,036.00 -11,804.00 41,329.00
2012-09-30 199,512.30 -15,756.05 41,083.10
2012-06-30 198,585.77 -22,322.72 41,754.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CEMEX. de has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CEMEX. de used its assets less efficiently than the US Basic Materials industry average last year based on Return on Assets.
  • CEMEX. de has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CEMEX. de's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CEMEX. de has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CEMEX. de's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CEMEX. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CEMEX. de's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CEMEX. de's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CEMEX. de's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CEMEX. de Company Filings, last reported 3 months ago.

NYSE:CX Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 219,533.00 208,097.00 6,068.00
2018-09-30 213,292.96 190,779.78 9,644.35
2018-06-30 220,398.66 208,049.78 11,767.66
2018-03-31 200,775.12 199,618.68 10,233.44
2017-12-31 210,419.00 226,216.00 13,741.00
2017-09-30 199,819.55 202,783.97 11,413.14
2017-06-30 195,501.87 208,295.40 12,743.14
2017-03-31 188,852.01 227,829.17 13,999.30
2016-12-31 196,725.00 273,868.00 11,616.00
2016-09-30 192,455.45 262,204.54 16,964.39
2016-06-30 172,628.76 263,623.30 23,403.58
2016-03-31 161,627.00 280,068.00 21,998.00
2015-12-31 163,768.00 268,198.00 15,280.00
2015-09-30 159,033.26 255,955.05 7,721.94
2015-06-30 156,129.30 243,094.20 7,723.92
2015-03-31 146,045.97 248,136.74 14,336.08
2014-12-31 148,171.00 244,429.00 12,589.00
2014-09-30 152,382.86 221,309.66 13,480.46
2014-06-30 151,349.71 214,894.48 9,563.04
2014-03-31 149,448.52 218,009.13 11,028.70
2013-12-31 148,318.00 230,298.00 15,176.00
2013-09-30 155,594.50 218,184.47 11,729.36
2013-06-30 153,555.85 213,522.80 9,671.80
2013-03-31 151,804.10 203,953.16 10,082.45
2012-12-31 155,627.00 218,026.00 12,478.00
2012-09-30 156,853.17 221,105.15 10,106.00
2012-06-30 159,655.96 229,351.72 8,351.08
  • CEMEX. de's level of debt (94.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (155.2% vs 94.8% today).
  • Debt is not well covered by operating cash flow (12.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess CEMEX. de's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CEMEX. de has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CEMEX. de's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from CEMEX. de dividends. Estimated to be 1.81% next year.
If you bought $2,000 of CEMEX. de shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate CEMEX. de's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CEMEX. de's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
United States of America Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CX Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.18 3.00
2020-12-31 0.17 3.00
2019-12-31 0.16 3.00
NYSE:CX Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2009-10-30 0.000 0.000
2009-10-15 0.000 0.000
2009-07-30 0.000 0.000
2009-07-29 0.000 0.000
2009-04-30 0.000 0.000
2009-04-22 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as CEMEX. de has not reported any payouts.
  • Unable to verify if CEMEX. de's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CEMEX. de's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CEMEX. de has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8.5x coverage).
X
Income/ dividend checks
We assess CEMEX. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CEMEX. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CEMEX. de has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CEMEX. de's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fernando González Olivieri
AGE 64
TENURE AS CEO 4.9 years
CEO Bio

Mr. Fernando Ángel González Olivieri has been the Chief Executive Officer of CEMEX, S.A.B. de C.V. since May 15, 2014. During the first nine years, he held several positions in Strategic Planning, Business Development and Human Resources. Mr. González Olivieri served as the Chief Financial Officer of CEMEX, S.A.B. de C.V since April 12, 2011 and served as its Executive Vice President of Finance and Administration. Mr. González Olivieri served as Executive Vice President of Planning and Finance at CEMEX, S.A.B. de C.V. since February 2010. He served as an Executive Vice President of Planning and Development at CEMEX, S.A.B. de C.V. since May 2009. He served as President of the Europe, Middle East, Africa, Asia & Australia Region at Cemex S.A.B. de C.V., since March 2005. He served as the President of Expanded European Region of Cemex S.A.B. de C.V. since March 2005. He also served as President of CEMEX South America and the Caribbean region from May 01, 2003 to February 2005. He joined CEMEX in 1989 and served as its Vice President of Human Resources from 1992 to 1994, Corporate Vice President of Strategic Planning from 1994 to 1998, President of CEMEX Venezuela from 1998 to 2000 and President of CEMEX Asia from 2000 to May 2003. He served at Grupo Industrial Alfa, S.A. de C.V. from 1976 to 1989. He has been Non-Independent Director of CEMEX, S.A.B. de C.V. since March 26, 2015. He has been a Director of Grupo Cementos de Chihuahua, S.A.B. de C.V. since 2010. He serves as Director of Axtel, S.A.B. de C.V. since February 2016. He was a member of the board of directors of CEMEX México until February 2017. He earned B.A. and M.B.A. degrees from Tecnológico de Monterrey.

CEO Compensation
  • Insufficient data for Fernando to compare compensation growth.
  • Insufficient data for Fernando to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CEMEX. de management team in years:

4.9
Average Tenure
54.5
Average Age
  • The tenure for the CEMEX. de management team is about average.
Management Team

Rogelio Zambrano Lozano

TITLE
Executive Chairman of the Board
AGE
61

Fernando González Olivieri

TITLE
CEO & Non-Independent Director
AGE
64
TENURE
4.9 yrs

José González Flores

TITLE
Executive Vice President of Finance & Administration
AGE
48

Jesús Vicente Herrera

TITLE
Executive VP of Sustainability & Operations Development
AGE
53
TENURE
1.8 yrs

Rafael Garza Lozano

TITLE
Chief Accounting Officer
AGE
55
TENURE
20.3 yrs

Maher Al-Haffar

TITLE
Executive VP of Investor Relations
AGE
60
TENURE
4.9 yrs

Roger Madero

TITLE
Secretary & Senior VP of Legal
AGE
50

Juan San Agustín Rubio

TITLE
Executive VP of Strategic Planning & New Business Development
AGE
49
TENURE
8 yrs

Juan Torres

TITLE
Executive Vice President of Global Commercial Development
AGE
61
TENURE
0.2 yrs

Jaime Elizondo Chapa

TITLE
Executive Vice President of Global Supply Chain Development
AGE
54
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the CEMEX. de board of directors in years:

13.3
Average Tenure
65
Average Age
  • The average tenure for the CEMEX. de board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Fernando González Olivieri

TITLE
CEO & Non-Independent Director
AGE
64
TENURE
4.1 yrs

Dionisio Garza Medina

TITLE
Independent Director
AGE
64
TENURE
24.3 yrs

Rogelio Zambrano Lozano

TITLE
Executive Chairman of the Board
AGE
61
TENURE
4.9 yrs

Everardo Almaguer

TITLE
Independent Director
AGE
74
TENURE
3 yrs

Armando García Segovia

TITLE
Independent Director
AGE
66
TENURE
36.3 yrs

Roberto Luis Zambrano Villarreal

TITLE
Independent Director
AGE
73
TENURE
32.3 yrs

Rodolfo García Muriel

TITLE
Independent Director
AGE
72
TENURE
34.3 yrs

Tomás Santos

TITLE
Non-Independent Director
AGE
54
TENURE
13.3 yrs

Ramiro Villarreal Morales

TITLE
Independent Director
AGE
71

Francisco Fernández-Carbajal

TITLE
Independent Director
AGE
63
TENURE
6.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess CEMEX. de's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CEMEX. de has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

An Intrinsic Calculation For CEMEX SA.B. de C.V. (NYSE:CX) Shows It's 38% Undervalued

The sum of these cash flows is then discounted to today's value. … 5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (MX$, Millions) MX$18,840.75 MX$24,596.48 MX$22,965.91 MX$37,424.19 MX$40,107.92 Source Analyst x5 Analyst x6 Analyst x4 Analyst x1 Analyst x1 Present Value Discounted @ 13.08% MX$16,661.85 MX$19,236.38 MX$15,883.97 MX$22,890.38 MX$21,694.81 Present Value of 5-year Cash Flow (PVCF)= MX$96,367 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = MX$40,108 × (1 + 2.5%) ÷ (13.1% – 2.5%) = MX$387,461 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = MX$387,461 / ( 1 + 13.1%)5 = MX$209,582 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is $305,949.

Simply Wall St -

Is CEMEX SAB de CV's (CX) Balance Sheet Strong Enough To Weather A Storm?

What is considered a high debt-to-equity ratio differs depending on the industry, because some industries tend to utilize more debt financing than others. … NYSE:CX Historical Debt Oct 20th 17 A simple way to determine whether the company has put debt into good use is to look at its operating cash flow against its debt obligation. … CX’s high debt levels are not met with high cash flow coverage.

Simply Wall St -

Company Info

Description

CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building solutions for housing projects, pavement projects, and green building consultancy services; and information technology solutions. The company has operations in Mexico; the United States; Europe; South and Central America, and the Caribbean; Asia, the Middle East, and Africa; and internationally. CEMEX, S.A.B. de C.V. was founded in 1906 and is headquartered in San Pedro Garza García, Mexico.

Details
Name: CEMEX, S.A.B. de C.V.
CX
Exchange: NYSE
Founded: 1906
MX$7,365,437,062
14,980,772,882
Website: http://www.cemex.com
Address: CEMEX, S.A.B. de C.V.
Avenida Ricardo Margáin Zozaya #325,
Colonia Valle del Campestre,
San Pedro Garza García,
Nuevo Leon, 66265,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV CEMEX CPO CPOs Bolsa Mexicana de Valores MX MXN 06. Apr 1993
OTCPK CXMS.F CPOs Pink Sheets LLC US USD 06. Apr 1993
DB CEXB CPOs Deutsche Boerse AG DE EUR 06. Apr 1993
NYSE CX SPON ADR REP 10 CPO New York Stock Exchange US USD 15. Sep 1999
DB CEXA SPON ADR REP 10 CPO Deutsche Boerse AG DE EUR 15. Sep 1999
Number of employees
Current staff
Staff numbers
42,089
CEMEX. de employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 23:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.