Profile
Sector:
Basic MaterialsIndustry:
Building MaterialsCountry:
MexicoIPO:
15 September 1999Website:
http://www.cemex.comNext earnings report:
07 February 2025Last dividends:
13 September 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:25:30 GMTAnalysts recommendations
Institutional Ownership
CX Latest News
CEMEX's Mexican segment shows steady growth, offsetting weaknesses in Europe and the Middle East, leading to flat to slightly positive growth in 2024. Strong pricing and decelerating cost inflation are expected to support margins, with volume growth in the U.S. and Mexico driving top line growth. Despite recent stock decline due to FX headwinds, the stock is attractively priced with promising long-term prospects from onshoring and federal funding.
CEMEX faced weather-related headwinds in key US and Mexico markets, causing significant volume drops, especially in the ready-mix category with a 9% decline. Despite significant weather-related and macroeconomic headwinds, CEMEX maintained positive growth through strategic pricing, strong execution, and efficient cost management, showing resilience amid industry challenges. CEMEX's stock appears undervalued compared to peers, with lower price multiples despite steady performance, creating a strong buy opportunity.
CX's recent acquisition is likely to support the ongoing efforts to grow its circularity business and recover nearly 14 million tons of CDEM annually by 2030.
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Investors looking for stocks in the Building Products - Concrete and Aggregates sector might want to consider either Cemex (CX) or Martin Marietta (MLM). But which of these two companies is the best option for those looking for undervalued stocks?
CEMEX, S.A.B. de C.V. (CX) Q4 2023 Earnings Call Transcript
- 1(current)
- 2
What type of business is CEMEX SAB de CV?
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, sand, gravel, and recycled concrete products; performance materials, such as admixtures, mortars, special mortars, and asphalt; and waste management services comprising municipal and industrial, construction, demolition and excavation, and alternative raw materials. In addition, the company construction related services, including logistics and transportation, retail, pavement services, design and engineering, and others; and industrial construction products consist of precast components, 2D panels, 3D modules, and complete structures. CEMEX, S.A.B. de C.V. was founded in 1906 and is headquartered in San Pedro Garza García, Mexico.
What sector is CEMEX SAB de CV in?
CEMEX SAB de CV is in the Basic Materials sector
What industry is CEMEX SAB de CV in?
CEMEX SAB de CV is in the Building Materials industry
What country is CEMEX SAB de CV from?
CEMEX SAB de CV is headquartered in Mexico
When did CEMEX SAB de CV go public?
CEMEX SAB de CV initial public offering (IPO) was on 15 September 1999
What is CEMEX SAB de CV website?
https://www.cemex.com
Is CEMEX SAB de CV in the S&P 500?
No, CEMEX SAB de CV is not included in the S&P 500 index
Is CEMEX SAB de CV in the NASDAQ 100?
No, CEMEX SAB de CV is not included in the NASDAQ 100 index
Is CEMEX SAB de CV in the Dow Jones?
No, CEMEX SAB de CV is not included in the Dow Jones index
When was CEMEX SAB de CV the previous earnings report?
No data
When does CEMEX SAB de CV earnings report?
The next expected earnings date for CEMEX SAB de CV is 07 February 2025