|Bid||4.6200 x 38800|
|Ask||4.8800 x 29200|
|Day's Range||4.8600 - 4.9800|
|52 Week Range||4.4700 - 7.6000|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||16.27|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.44|
Warning! GuruFocus has detected 1 Warning Sign with CX. Cemex SAB de CV (CX) is the largest ready-mix concrete company and one of the largest aggregate producers in the world, selling roughly 69 million tons of cement, 53 million cubic meters of ready-mix and over 150 million tons of aggregates in 2018. Over the last five years, despite increasing annual sales turnover by $3.8 billion, the company's stock has fallen out of bed.
CEMEX Ventures announced today its investment in LINKX, a company that offers specialized software to optimize goods delivery. The company’s software solution allows control of deliveries and vehicles in real time, allowing for data-based decision-making and facilitating communication and information among all involved parties: shipper, carrier, and receiver. With LINKX, shippers or freight generators plan deliveries in a simple way, allowing them to assign operations to their own carriers or third parties.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) introduced today CEMEX Go Developer Center, a digital platform designed to enable users to connect with different entities in the industry, accelerate their evolution, and promote new business models, while allowing the possibility of reducing costs and accelerating time for the development of new digital capabilities for each of its customers. CEMEX Go Developer Center will facilitate the connectivity of CEMEX processes with customers through digital platforms and application programming interfaces (APIs), which will also enable the direct management of orders for materials or services, the development of alliances with commercial partners, and the use of public information from CEMEX that allows other companies to integrate their digital offers.
For the first time in half a century, the Mazatlán Promenade is renovated with products and technology from CEMEX. CEMEX placed 17,000 m3 of hydraulic concrete for the renovation of the promenade. With this renovation, Mazatlán presents a new face to its visitors and the useful life of the promenade will increase by up to 30 years.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has successfully closed the amendment process under its facilities agreement, dated as of July 19, 2017 (the “2017 Credit Agreement”), entered into with several financial institutions. As part of this amendment process, CEMEX is extending approximately U.S.$1.1 billion of maturities by 3 years, representing on aggregate 92% of the July 2020 and January 2021 maturities under the 2017 Credit Agreement. With this extension, CEMEX currently does not have any relevant debt maturities until July 2021, aside from its 3.72% subordinated convertible notes maturing on March 2020 with a principal amount of approximately U.S.$521 million.
Emerging market stocks have always offered a viable alternative to domestic investments. However, the attractiveness for this sector recently jumped this year. Shocking geopolitical developments, concerns about the technical stability of benchmark indices, and the superior value proposition for the developing world have all contributed to the bullishness.Right off the bat, the most-talked-about controversy is special counsel Robert Mueller's investigation into possible collusion with Russia. For several months, the media hyped up the divisive matter. But in the end, Mueller found nothing incriminating against President Trump. That news makes Russian companies among the best stocks for upside speculation.Another tailwind for emerging market stocks is slowing technical momentum with domestic indices. While the Dow Jones has gained over 12% this year, the index hasn't gone anywhere since mid-February. This lack of decisiveness worries market observers, considering the fluctuating dollar and the inverting of the yield curve.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFinally, emerging market stocks represent a smarter choice for discerning investors. No matter how you look at it, the Dow is relatively close to its peak valuation. On the other hand, several developing-world names are well-off their highs. Simply put, it's more palatable to buy companies on the rise than hope an established stalwart continues to impress. * 10 Tech Stocks That Transformed Their Business Here are the seven best stocks from the emerging market: Gazprom (OGZPY)Source: Shutterstock Among emerging market stocks, none received as much attention over the past week as publicly-traded Russian companies. Both during the presidential campaign trail and after the election, a cloud of controversy surrounded anything related to Russia. But with Mueller's investigation finding nothing, we can start the path toward reconciliation.That begins with allowing Russians to do what they do best: energy and commodities. In this segment, no bigger name in the Motherland exists than Gazprom (OTCMKTS:OGZPY). Primarily, I like OGZPY stock as a speculative play because it tends to operate under the radar.Nevertheless, Gazprom is one of the best stocks in the oil and energy sectors. Geographically, it has a moat because it feeds both Europe and Asia. With oil prices steadily rising over the last several weeks, I'd take a long look at OGZPY stock. Qiwi (QIWI)Source: Shutterstock As a Russian online payment company, Qiwi (NASDAQ:QIWI) enjoys two benefits. First, the obvious one: QIWI stock is levered to fintech, which represents a tremendously popular industry. The second benefit is its locale.Let me explain:Several emerging market stocks hail from parts of the world that are off the beaten path. Naturally, they provide tourists with a more memorable trip, often at a much cheaper price. However, poor infrastructure has prevented would-be adventurers from diving in. * 10 F-Rated Stocks to Sell in This Narrow Market Qiwi's payment services help make westerners and other foreign guests comfortable in Russia and eastern Europe. Essentially, the company allows tourists to enjoy their technological creature comforts while expanding their global itinerary. This is an under-appreciated tailwind that could lift QIWI stock from its current consolidation pattern. Icici Bank (IBN)Source: Shutterstock As things currently stand, Icici Bank (NYSE:IBN) is one of the best stocks to buy, and not just within the developing world. Year-to-date, IBN stock is up over 11%, and in March alone, shares shot up over 15%.But unlike other streaking names, I don't expect Icici to flame out once investor sentiment has died down. For one thing, I doubt that sentiment will meaningfully decline for any lengthy period of time. India has a population size of 1.34 billion, rivaling China's massive workforce.Better yet, India's worker demographic skews young. That fact will become even more important as the years go by. Its regional competitors feature demographics that are conspicuously older.Naturally, this new generation of workers will need to do their banking somewhere. That's where Icici Bank steps in, and which is why I like IBN stock for the long term. Cemex (CX)Source: Dan Davison via Wikimedia (Modified)I'm going to say what very few want to admit: Donald Trump is winning. But a key area where he falls short is his infamous border wall project. In the buildup to the 2016 election, the real-estate mogul promised multiple times to build the wall. But with a split government, that's a tough obstacle to pass.Just as notably, the Mexican government has rebuffed notions that they will pay for the project. Therefore, on paper, Cemex (NYSE:CX) doesn't appear well-positioned. Further adding to woes for CX stock is Mexico's own political turmoil. The country elected a new president late-last year who has promised much. However, critics remain skeptical about the new administration's ability to deliver.Admittedly, the nearer-term noise doesn't do any favors for CX stock. Still, I'd concentrate on longer-term drivers, such as Mexico's young working demographic. In 2015, the median age for Mexico was 27.5 years. Moreover, it won't hit a median age of 40 years until sometime between 2045 and 2050! * 7 Materials ETFs to Buy Today In other words, Mexico is almost guaranteed to be a relevant workforce for several decades. Therefore, don't get too discouraged about prospects for CX stock. Grupo Televisa (TV)Source: Shutterstock Speaking of a young Mexican demographic, Grupo Televisa (NYSE:TV) is another company that can take advantage of this dynamic. Not only does TV stock represent a massive presence in its home country of Mexico, it also levers substantial influence with Spanish-speaking Americans.Naturally, TV stock benefits from the fact that these folks have much to talk about. While Trump's "America First" message doesn't inherently help emerging market stocks, media firms feed on news, particularly the controversial variety. The President never disappoints in that department.But another less-appreciated factor is its current content moat. When Netflix (NASDAQ:NFLX) attempted to break into the Mexican market with an original reality TV show, they erred badly. Featuring a whitewashed cast, Mexican audiences decried the show as out of touch with reality.You just don't get that complaint with Grupo Televisa, which is why I like TV stock. Sibanye-Stillwater (SBGL)Source: Jeremy Vohwinkle via Flickr (Modified)Although emerging market stocks today are much more eclectic than they've ever been, they're still largely associated with commodities. However, I don't view this as a negative. On the contrary, mining companies like Sibanye-Stillwater (NYSE:SBGL) offer a hedge against our heavily-digitalized world.Thanks to the magic of financial engineering, most people go about their daily lives without worrying much about the economy. But if such measures fail, panic ensues. Thus, we have a great case for at least some gold exposure, which in turn benefits SBGL stock. * 7 Weak Blue-Chip Stocks to Trim Immediately But don't look at Sibanye-Stillwater as merely a showpiece for doomsday-bunker folks. Thanks to its significant operations in resource-rich South Africa, the company extracts many desired precious metals. As a result, I'd keep a close eye on SBGL stock. BRF S.A. (BRFS)Source: Shutterstock When you think about the top names in the food-processing sector, Brazil's BRF S.A. (NYSE:BRFS) doesn't come readily to mind. But that's only true if you're an American. If you're from virtually anywhere else, you'd probably recognize -- and enjoy -- the BRF brand.Moreover, you can expect BRFS stock to remain the world's breadbasket for quite some time to come. Like other Latin American countries, Brazil features a young demographic, with a median age of approximately 33 years. The resource-rich nation won't get old until around 2040, when the median age hits nearly 42 years.BRFS stock also represents a counterweight to the technological and digitalization revolution. While the latest app or AI innovation generates headlines, you can't eat them. Until we figure out that component, resource-related firms like BRF will still be among the best emerging market stocks to buy.As of this writing, Josh Enomoto was long gold. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Transformed Their Business * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 7 Weak Blue-Chip Stocks to Trim Immediately Compare Brokers The post 7 Stocks From Around the World That Beat U.S. Stocks appeared first on InvestorPlace.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) presented today its 2018 Integrated Report: “Building a Stronger CEMEX,” which includes a complete analysis of CEMEX’s strategic vision, operational performance, corporate governance, and value creation at a global level.
CEMEX Ventures continues to open new collaboration agreements with leading experts and companies in the construction, entrepreneurship, and new technology industries. CEMEX Ventures, CEMEX's Corporate Venture Capital Unit, announced today that it signed a collaboration agreement with TEKFEN Ventures, the investment fund of TEKFEN, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing, and real estate sectors. Both companies have agreed to develop synergies between the parties to innovate the construction industry.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today it is making significant progress in its divestment initiative which is part of “A Stronger CEMEX”, a previously announced enhancement plan, by having closed or reached binding agreements for sales of approximately U.S.$750 million, which represents 50% of the low end of the December 2020 divestment target range. CEMEX announced the “A Stronger CEMEX” plan in July 2018, which includes a U.S.$1.5 to U.S.$2 billion asset disposal target by the end of 2020. Since then, CEMEX has announced the divestment of assets in the Baltics and Nordics, the terminal in Manaus, Brazil, aggregates and ready-mix assets in Germany, the white cement business, including the Buñol cement plant in Spain, among other assets.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has reached a binding agreement with Çimsa Çimento Sanayi Ve Ticaret A.S. to divest CEMEX’s white cement business, including its Buñol cement plant in Spain, for approximately US$180 million. CEMEX currently expects it could sign the final agreement during April 2019 and close this divestment during the second half of 2019. The proposed divestment does not include CEMEX’s white cement business in Mexico as well as the investment in Lehigh Cement in the USA.
Mexico's Cemex, one of the world's largest cement producers, expects its consolidated volume growth this year to be similar to that of 2018, Chief Executive Fernando Gonzalez told investors at an event in New York on Wednesday. "We expect our consolidated volume growth across all of our products more or less the same, similar growth that we saw" in 2018 compared to 2017, he said. In 2018, the company reported consolidated cement and ready-mix volume growth of between 2 to 3 percent, and top-line growth of about 6 percent.
Mexico's Cemex, one of the world's largest cement producers, expects its consolidated volume growth this year to be similar to the level achieved in 2018, Chief Executive Fernando Gonzalez told investors ...
Shares in Mexican cement maker Cemex rose by more than 2 percent in early trade on Tuesday after the company said it had reached an agreement to sell aggregates and ready-mix assets in Germany.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has reached a binding agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately €87 million. CEMEX currently expects to sign a final agreement for the sale of assets during April 2019 and close this divestment during the second quarter of 2019. The assets in Germany being divested consist of 4 aggregates quarries and 4 ready-mix facilities in North Germany, and 9 aggregates quarries and 14 ready-mix facilities in North-West Germany.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that Fitch Ratings ("Fitch") upgraded CEMEX´s Corporate credit rating in its global scale to BB from BB-. According to Fitch, the upgrade reflects the strengthening of CEMEX's capital structure due to US$5 billion in debt reduction in the last three years, primarily due to robust free cash flow generation and asset sales. Other considerations for the upgrade are CEMEX’s strong business positions as well as the refinancing of about US$7 billion of debt, which has lowered interest payments by about US$200 million per year.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it will host a full-day video webcast presentation on Wednesday, March 20, 2019, starting at 8:30 AM ET in which members of its senior management will discuss CEMEX’s business and financial strategy, operations in its different regions, outlook and other related topics, which may contain important information for CEMEX’s stakeholders. A detailed agenda for this event as well as the live video webcast can be accessed at www.cemex.com/cemex-day-2019. A replay of the video webcast will be available for two weeks after the event.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today the pricing of €400 million of its 3.125% Senior Secured Notes due 2026 denominated in Euros (the “Notes”). CEMEX intends to use the net proceeds from the offering of the Notes for general corporate purposes, including to repay other indebtedness, all in accordance with CEMEX’s facilities agreement, dated as of July 19, 2017 (the “2017 Credit Agreement”), entered into with several financial institutions. The Notes will share in the collateral pledged for the benefit of the lenders under the 2017 Credit Agreement and other secured obligations having the benefit of such collateral, and will be guaranteed by CEMEX México, S.A. de C.V., CEMEX Concretos, S.A. de C.V., Empresas Tolteca de México, S.A. de C.V., New Sunward Holding B.V., CEMEX España, S.A., Cemex Asia B.V., CEMEX Corp., CEMEX Finance LLC, Cemex Africa & Middle East Investments B.V., CEMEX France Gestion (S.A.S.), Cemex Research Group AG and CEMEX UK.
HOUSTON, March 4, 2019 /PRNewswire/ -- CEMEX USA unveiled a new low-emission, high-efficiency locomotive at our Victorville, Calif., Cement Plant, last week as part of our continued commitment to sustainability and to enhance air quality in a community where we have operated for more than 100 years. The locomotive, developed by Knoxville Locomotive Works and equipped with an MTU-4000 Series engine designed to reduce emissions by more than 80% and fuel consumption by 25%, was opened for local dignitaries to tour on Tuesday. The new locomotive, which will be used to transport clinker at the operation, can provide more than 3,200 horsepower from an ultra-low emitting single engine designed to meet U.S. Environmental Protection Agency and California Air Resources Board Tier 4 Emissions requirements.
Mexico's Cemex, one of the world's largest cement producers, said on Wednesday it is selling some of its European facilities and businesses to German building company Schwenk for about $385 million. Monterrey-based Cemex said it would use the money from the deal to reduce its debt. The assets that Cemex would sell include a production plant and several quarries in Latvia as well as import terminals in Finland, Norway and Sweden.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has signed an agreement for the sale of assets in the Baltics and Nordics to the German building materials group SCHWENK, for approximately €340 million. The Baltic assets being divested consist of 1 cement production plant in Broceni with a production capacity of approximately 1.7 Mt, 4 aggregates quarries, 2 cement quarries, 6 ready-mix plants, 1 marine terminal and 1 land distribution terminal in Latvia. The assets divested also include CEMEX’s approximate 38% indirect interest in 1 cement production plant in Akmene in Lithuania, with a production capacity of approximately 1.8 Mt. In addition, the exports business to Estonia is also included as part of the divestment.
The competition is aimed at entrepreneurs and startups that seek to innovate in the construction industry. CEMEX Ventures announced today the launch of Construction Startup Competition 2019 to identify startups with the ambition to lead the transformation of the construction industry. Make Your Mark.,” CEMEX Ventures, CEMEX’s open innovation and corporate venture capital unit, presents its third call, open from February 19 through April 21, 2019.
CEMEX mobilized a concrete plant, a paver, and other supplies from Mexico to guarantee the durability and quality of the new airport’s roads. CEMEX, S.A.B. de C.V. ("CEMEX") (CX), announced today that it led an international team of specialists in charge of renovating 35,000m2 of taxiways for the International Sangster Airport in Montego Bay, Jamaica, the main point of entry to this country. To ensure the quality and durability of the new roads, CEMEX mobilized from Mexico a specialized team, a concrete plant, supplies that weren’t available in the area, and a next-generation paver to place 22,500m3 of concrete.
Mexican cement producer Cemex on Thursday reported a loss for the fourth-quarter, missing analyst expectations' for a profit and sending shares lower. Monterrey-based Cemex, one of the world's largest cement producers, reported a net loss of $37 million for the quarter, when analysts had expected a profit of $136 million, according to a Reuters poll. Share in Cemex fell almost 2 percent after the report to 9.99 pesos per share.
Free cash flow after maintenance capex for the full year was US$918 million and conversion of EBITDA into free cash flow after maintenance capex reached 36%. CEMEX, S.A.B. de C.V. ("CEMEX") (CX), announced today that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by 4% during the fourth quarter of 2018 to US$3.5 billion, and increased 6% for the full year 2018 to US$14.4 billion versus the comparable periods in 2017. Operating EBITDA, also on a like-to-like basis, remained flat during the fourth quarter of 2018 at US$604 million and increased by 1% for the full year to US$2.6 billion versus 2017.