CX - CEMEX, S.A.B. de C.V.
| Previous Close | 4.3200 |
| Open | 4.3600 |
| Bid | 4.1400 x 36900 |
| Ask | 4.3900 x 45100 |
| Day's Range | 4.1900 - 4.3600 |
| 52 Week Range | 4.1900 - 7.6000 |
| Volume | 6,020,979 |
| Avg. Volume | 7,199,295 |
| Market Cap | 6.145B |
| Beta (3Y Monthly) | 1.39 |
| PE Ratio (TTM) | 11.69 |
| EPS (TTM) | 0.3600 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2008-05-06 |
| 1y Target Est | 7.18 |
- Business Wire•11 days ago
CEMEX Ventures Invests in Energy Vault to Support Rapid Deployment of Energy Storage Technology Using Concrete Blocks
CEMEX Ventures, the open innovation and Corporate Venture Capital unit of CEMEX, announced today its investment in Energy Vault, an Idealab company that has developed a transformative technology to store energy. The new investment is further reinforced by plans to support rapid market adoption and deployment of Energy Vault’s technology through CEMEX’s strategic network. Energy Vault’s transformative energy storage technology solves a key challenge for renewables, which have struggled to replace, in a significant manner, fossil fuel power due to production unpredictability and intermittency of wind and sunlight.
- Business Wire•14 days ago
CEMEX Signs Final Agreement to Divest Aggregates and Ready-Mix Assets in Germany
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has signed the final 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 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.
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Motley Fool•last monthCEMEX, S.A.B. de C.V. (CX) Q1 2019 Earnings Call Transcript
CX earnings call for the period ending March 31, 2019.
- Reuters•last month
Mexico's Cemex nearly doubles profit but falls short of expectations
Mexican cement producer Cemex SAB de CV on Thursday said that it had nearly doubled its profit during the first quarter but still fell short of analysts' expectations, hurt by lower volumes in Mexico and the United States. Sales in Mexico fell 8 percent to $706 million and earnings before interest, tax, depreciation and amortization (EBITDA) declined by 14 percent to $255 million during the first quarter ended March, the company said. "We are pleased with the 1 percent top-line growth we achieved during the first quarter, despite important volume declines in our two most important markets: Mexico and the U.S.," he said.
- Business Wire•last month
CEMEX Files Annual Report on Form 20-F for Fiscal Year 2018
CEMEX, S.A.B. de C.V. announced today that it has filed its annual report for the fiscal year ended December 31, 2018, on Form 20-F with the United States Securities and Exchange Commission .
- Reuters•last month
Mexico's Cemex posts more than 90 percent surge in quarterly profit
Mexican cement producer Cemex SAB de CV on Thursday reported a more than 90 percent rise in quarterly profit, helped by higher prices and volume. Net profit rose to $39 million in the first quarter ended ...
- Business Wire•last month
CEMEX Reports 1% Top-Line Growth and a 92% Increase in Net Income During the First Quarter of 2019
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 foreign exchange fluctuations, consolidated net sales increased by 1%, reaching US$3.2 billion during the first quarter of 2019 versus the comparable period in 2018. The increase in quarterly consolidated net sales was due to higher prices of our products, in local-currency terms in all of our regions, as well as higher volumes in our three core products in Europe, and in ready-mix and aggregates in the U.S. Controlling interest net income during the quarter was US$39 million, from US$20 million in the same period of 2018.
- Reuters•last month
Mexico's Cemex says to help in Notre-Dame's restoration
MEXICO CITY (Reuters) - Mexican cement maker Cemex said on Tuesday that it will help to reconstruct France's Notre-Dame cathedral, which lost its roof and iconic spire in a massive fire this month. The ...
- Business Wire•last month
CEMEX Will Contribute to Reconstruction of Notre-Dame Cathedral
CEMEX, S.A.B. de C.V. announced today that it will help rebuild Paris’ Notre-Dame Cathedral after the devastating fire that partly destroyed and ravaged the building, including the iconic church’s roof and spire.
- Business Wire•last month
CEMEX Celebrates Earth Day with Reintroduction of American Bison in El Carmen Nature Reserve
The American bison is currently on the list of endangered species in Mexico. Some of the threats that bison face for their recovery are the loss of habitat due to the expansion of agricultural developments and overgrazing by livestock.
- Insider Monkey•last month
Is Cemex SAB de CV (CX) A Good Stock To Buy?
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
GuruFocus.com•last monthRisk-Reward With Cemex
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.
- Business Wire•2 months ago
CEMEX Ventures Invests in LINKX, a Software for Optimizing the Delivery of Construction Materials
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.
- Business Wire•2 months ago
CEMEX Presents CEMEX Go Developer Center
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.
- Business Wire•2 months ago
CEMEX Renovates the Mazatlán Promenade: One of the Largest in the World
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.
- Business Wire•2 months ago
CEMEX Successfully Closes Approximately U.S.$1.1 Billion Extension under 2017 Credit Agreement
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.
- InvestorPlace•2 months ago
7 Stocks From Around the World That Beat U.S. Stocks
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.
- Business Wire•2 months ago
CEMEX Publishes Its Integrated Report: “Building a Stronger CEMEX”
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.
- Business Wire•2 months ago
CEMEX Ventures and TEKFEN Ventures Sign Collaboration Agreement
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.
- Business Wire•2 months ago
CEMEX Makes Significant Progress in Asset Disposal Program
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.
- Business Wire•2 months ago
CEMEX Reaches Binding Agreement to Divest White Cement Business
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.
- Reuters•2 months ago
Mexico's Cemex expects 2019 volume growth similar to 2018
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.
- Reuters•2 months ago
Cemex expects 2019 growth 'more or less similar' to previous year
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 ...
