Intrinsic value of Cemex ADR - CX

Previous Close

$8.20

  Intrinsic Value

$8.18

stock screener

  Rating & Target

hold

-0%

Previous close

$8.20

 
Intrinsic value

$8.18

 
Up/down potential

-0%

 
Rating

hold

We calculate the intrinsic value of CX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  13.89
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  12,713
  12,967
  13,266
  13,606
  13,989
  14,413
  14,879
  15,385
  15,934
  16,525
  17,159
  17,837
  18,561
  19,332
  20,151
  21,021
  21,942
  22,917
  23,948
  25,038
  26,188
  27,402
  28,682
  30,031
  31,453
  32,951
  34,527
  36,187
  37,933
  39,770
  41,702
Variable operating expenses, $m
 
  8,628
  8,803
  9,002
  9,226
  9,474
  9,746
  10,042
  10,363
  10,709
  11,079
  10,431
  10,854
  11,305
  11,784
  12,292
  12,831
  13,401
  14,004
  14,641
  15,314
  16,024
  16,773
  17,562
  18,393
  19,269
  20,191
  21,161
  22,182
  23,257
  24,386
Fixed operating expenses, $m
 
  2,656
  2,722
  2,790
  2,860
  2,931
  3,005
  3,080
  3,157
  3,236
  3,317
  3,400
  3,485
  3,572
  3,661
  3,753
  3,846
  3,943
  4,041
  4,142
  4,246
  4,352
  4,461
  4,572
  4,686
  4,804
  4,924
  5,047
  5,173
  5,302
  5,435
Total operating expenses, $m
  11,009
  11,284
  11,525
  11,792
  12,086
  12,405
  12,751
  13,122
  13,520
  13,945
  14,396
  13,831
  14,339
  14,877
  15,445
  16,045
  16,677
  17,344
  18,045
  18,783
  19,560
  20,376
  21,234
  22,134
  23,079
  24,073
  25,115
  26,208
  27,355
  28,559
  29,821
Operating income, $m
  1,703
  1,683
  1,741
  1,814
  1,903
  2,008
  2,128
  2,263
  2,414
  2,580
  2,763
  4,007
  4,222
  4,455
  4,706
  4,976
  5,264
  5,573
  5,903
  6,254
  6,628
  7,026
  7,449
  7,898
  8,374
  8,878
  9,413
  9,979
  10,578
  11,211
  11,881
EBITDA, $m
  2,521
  3,154
  3,222
  3,306
  3,408
  3,526
  3,662
  3,814
  3,982
  4,168
  4,371
  4,593
  4,832
  5,090
  5,368
  5,666
  5,985
  6,326
  6,689
  7,076
  7,488
  7,926
  8,391
  8,884
  9,406
  9,960
  10,546
  11,167
  11,823
  12,517
  13,250
Interest expense (income), $m
  919
  924
  950
  982
  1,018
  1,059
  1,104
  1,153
  1,207
  1,265
  1,328
  1,396
  1,468
  1,545
  1,627
  1,714
  1,806
  1,904
  2,008
  2,118
  2,234
  2,356
  2,485
  2,621
  2,765
  2,916
  3,075
  3,243
  3,420
  3,605
  3,801
Earnings before tax, $m
  875
  760
  791
  833
  886
  949
  1,024
  1,110
  1,207
  1,315
  1,435
  2,611
  2,755
  2,911
  3,079
  3,262
  3,458
  3,669
  3,895
  4,136
  4,395
  4,670
  4,964
  5,276
  5,609
  5,962
  6,337
  6,736
  7,158
  7,606
  8,080
Tax expense, $m
  156
  205
  214
  225
  239
  256
  277
  300
  326
  355
  387
  705
  744
  786
  831
  881
  934
  991
  1,052
  1,117
  1,187
  1,261
  1,340
  1,425
  1,514
  1,610
  1,711
  1,819
  1,933
  2,054
  2,182
Net income, $m
  711
  554
  577
  608
  646
  693
  748
  810
  881
  960
  1,047
  1,906
  2,011
  2,125
  2,248
  2,381
  2,524
  2,678
  2,843
  3,019
  3,208
  3,409
  3,623
  3,852
  4,094
  4,352
  4,626
  4,917
  5,225
  5,552
  5,899

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  742
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  30,386
  30,227
  30,922
  31,717
  32,609
  33,597
  34,682
  35,863
  37,142
  38,519
  39,998
  41,579
  43,267
  45,063
  46,973
  48,999
  51,146
  53,419
  55,823
  58,363
  61,044
  63,874
  66,858
  70,003
  73,318
  76,808
  80,483
  84,351
  88,421
  92,704
  97,208
Adjusted assets (=assets-cash), $m
  29,644
  30,227
  30,922
  31,717
  32,609
  33,597
  34,682
  35,863
  37,142
  38,519
  39,998
  41,579
  43,267
  45,063
  46,973
  48,999
  51,146
  53,419
  55,823
  58,363
  61,044
  63,874
  66,858
  70,003
  73,318
  76,808
  80,483
  84,351
  88,421
  92,704
  97,208
Revenue / Adjusted assets
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
  0.429
Average production assets, $m
  10,310
  10,516
  10,758
  11,035
  11,345
  11,689
  12,067
  12,478
  12,922
  13,402
  13,916
  14,466
  15,053
  15,678
  16,343
  17,048
  17,795
  18,586
  19,422
  20,306
  21,239
  22,223
  23,261
  24,356
  25,509
  26,723
  28,002
  29,347
  30,764
  32,253
  33,820
Working capital, $m
  326
  687
  703
  721
  741
  764
  789
  815
  844
  876
  909
  945
  984
  1,025
  1,068
  1,114
  1,163
  1,215
  1,269
  1,327
  1,388
  1,452
  1,520
  1,592
  1,667
  1,746
  1,830
  1,918
  2,010
  2,108
  2,210
Total debt, $m
  15,174
  14,841
  15,336
  15,903
  16,539
  17,244
  18,017
  18,860
  19,771
  20,753
  21,807
  22,935
  24,138
  25,419
  26,781
  28,225
  29,756
  31,377
  33,091
  34,902
  36,814
  38,831
  40,959
  43,201
  45,564
  48,053
  50,673
  53,431
  56,334
  59,387
  62,598
Total liabilities, $m
  21,885
  21,552
  22,047
  22,614
  23,250
  23,955
  24,728
  25,571
  26,482
  27,464
  28,518
  29,646
  30,849
  32,130
  33,492
  34,936
  36,467
  38,088
  39,802
  41,613
  43,525
  45,542
  47,670
  49,912
  52,275
  54,764
  57,384
  60,142
  63,045
  66,098
  69,309
Total equity, $m
  8,501
  8,675
  8,875
  9,103
  9,359
  9,642
  9,954
  10,293
  10,660
  11,055
  11,479
  11,933
  12,418
  12,933
  13,481
  14,063
  14,679
  15,331
  16,021
  16,750
  17,520
  18,332
  19,188
  20,091
  21,042
  22,044
  23,099
  24,209
  25,377
  26,606
  27,899
Total liabilities and equity, $m
  30,386
  30,227
  30,922
  31,717
  32,609
  33,597
  34,682
  35,864
  37,142
  38,519
  39,997
  41,579
  43,267
  45,063
  46,973
  48,999
  51,146
  53,419
  55,823
  58,363
  61,045
  63,874
  66,858
  70,003
  73,317
  76,808
  80,483
  84,351
  88,422
  92,704
  97,208
Debt-to-equity ratio
  1.785
  1.710
  1.730
  1.750
  1.770
  1.790
  1.810
  1.830
  1.850
  1.880
  1.900
  1.920
  1.940
  1.970
  1.990
  2.010
  2.030
  2.050
  2.070
  2.080
  2.100
  2.120
  2.130
  2.150
  2.170
  2.180
  2.190
  2.210
  2.220
  2.230
  2.240
Adjusted equity ratio
  0.262
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287
  0.287

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  711
  554
  577
  608
  646
  693
  748
  810
  881
  960
  1,047
  1,906
  2,011
  2,125
  2,248
  2,381
  2,524
  2,678
  2,843
  3,019
  3,208
  3,409
  3,623
  3,852
  4,094
  4,352
  4,626
  4,917
  5,225
  5,552
  5,899
Depreciation, amort., depletion, $m
  818
  1,471
  1,481
  1,492
  1,505
  1,519
  1,534
  1,550
  1,568
  1,588
  1,609
  586
  609
  635
  662
  690
  720
  752
  786
  822
  860
  900
  942
  986
  1,033
  1,082
  1,134
  1,188
  1,245
  1,306
  1,369
Funds from operations, $m
  2,220
  2,026
  2,058
  2,100
  2,151
  2,212
  2,282
  2,361
  2,450
  2,548
  2,656
  2,492
  2,620
  2,759
  2,910
  3,071
  3,245
  3,431
  3,629
  3,842
  4,068
  4,309
  4,565
  4,838
  5,127
  5,434
  5,760
  6,105
  6,471
  6,858
  7,268
Change in working capital, $m
  240
  13
  16
  18
  20
  22
  25
  27
  29
  31
  34
  36
  38
  41
  43
  46
  49
  52
  55
  58
  61
  64
  68
  72
  75
  79
  84
  88
  93
  97
  102
Cash from operations, $m
  1,980
  2,012
  2,042
  2,082
  2,131
  2,189
  2,257
  2,334
  2,420
  2,517
  2,622
  2,456
  2,582
  2,719
  2,866
  3,025
  3,196
  3,379
  3,575
  3,784
  4,007
  4,245
  4,497
  4,766
  5,052
  5,355
  5,676
  6,017
  6,378
  6,761
  7,165
Maintenance CAPEX, $m
  0
  -417
  -426
  -436
  -447
  -459
  -473
  -489
  -505
  -523
  -543
  -563
  -586
  -609
  -635
  -662
  -690
  -720
  -752
  -786
  -822
  -860
  -900
  -942
  -986
  -1,033
  -1,082
  -1,134
  -1,188
  -1,245
  -1,306
New CAPEX, $m
  -274
  -207
  -242
  -276
  -310
  -344
  -377
  -411
  -445
  -479
  -514
  -550
  -587
  -625
  -664
  -705
  -747
  -791
  -836
  -884
  -933
  -984
  -1,038
  -1,094
  -1,153
  -1,214
  -1,279
  -1,346
  -1,416
  -1,490
  -1,567
Cash from investing activities, $m
  -274
  -624
  -668
  -712
  -757
  -803
  -850
  -900
  -950
  -1,002
  -1,057
  -1,113
  -1,173
  -1,234
  -1,299
  -1,367
  -1,437
  -1,511
  -1,588
  -1,670
  -1,755
  -1,844
  -1,938
  -2,036
  -2,139
  -2,247
  -2,361
  -2,480
  -2,604
  -2,735
  -2,873
Free cash flow, $m
  1,706
  1,388
  1,375
  1,370
  1,374
  1,386
  1,406
  1,434
  1,470
  1,514
  1,565
  1,342
  1,409
  1,484
  1,567
  1,659
  1,759
  1,868
  1,986
  2,114
  2,252
  2,400
  2,559
  2,730
  2,913
  3,108
  3,316
  3,538
  3,774
  4,025
  4,292
Issuance/(repayment) of debt, $m
  -2,452
  409
  496
  567
  636
  705
  773
  842
  912
  982
  1,054
  1,128
  1,203
  1,281
  1,361
  1,445
  1,531
  1,621
  1,714
  1,811
  1,912
  2,017
  2,128
  2,243
  2,363
  2,489
  2,620
  2,758
  2,902
  3,053
  3,211
Issuance/(repurchase) of shares, $m
  495
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -2,007
  409
  496
  567
  636
  705
  773
  842
  912
  982
  1,054
  1,128
  1,203
  1,281
  1,361
  1,445
  1,531
  1,621
  1,714
  1,811
  1,912
  2,017
  2,128
  2,243
  2,363
  2,489
  2,620
  2,758
  2,902
  3,053
  3,211
Total cash flow (excl. dividends), $m
  -189
  1,796
  1,870
  1,936
  2,010
  2,091
  2,180
  2,277
  2,382
  2,496
  2,619
  2,470
  2,612
  2,765
  2,929
  3,103
  3,290
  3,488
  3,700
  3,925
  4,164
  4,418
  4,687
  4,973
  5,276
  5,596
  5,936
  6,296
  6,676
  7,079
  7,504
Retained Cash Flow (-), $m
  -1,231
  -174
  -200
  -228
  -256
  -284
  -311
  -339
  -367
  -395
  -424
  -454
  -484
  -516
  -548
  -582
  -616
  -652
  -690
  -729
  -770
  -812
  -856
  -903
  -951
  -1,002
  -1,055
  -1,110
  -1,168
  -1,229
  -1,293
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,622
  1,671
  1,708
  1,754
  1,807
  1,868
  1,938
  2,015
  2,101
  2,195
  2,016
  2,128
  2,249
  2,381
  2,522
  2,673
  2,836
  3,010
  3,196
  3,394
  3,606
  3,831
  4,070
  4,325
  4,595
  4,881
  5,186
  5,508
  5,850
  6,211
Discount rate, %
 
  9.70
  10.19
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
  21.17
  22.23
  23.34
  24.51
  25.74
  27.02
  28.38
  29.79
  31.28
  32.85
  34.49
  36.21
  38.03
  39.93
PV of cash for distribution, $m
 
  1,479
  1,376
  1,259
  1,146
  1,035
  928
  824
  724
  629
  540
  401
  337
  279
  227
  181
  141
  108
  81
  59
  42
  29
  20
  13
  8
  5
  3
  2
  1
  1
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world. The Company operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. Its cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.

FINANCIAL RATIOS  of  Cemex ADR (CX)

Valuation Ratios
P/E Ratio 506
Price to Sales 28.3
Price to Book 42.3
Price to Tangible Book
Price to Cash Flow 181.7
Price to Free Cash Flow 210.9
Growth Rates
Sales Growth Rate 13.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -43.9%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 1
Current Ratio 0.3
LT Debt to Equity 165.7%
Total Debt to Equity 178.5%
Interest Coverage 2
Management Effectiveness
Return On Assets 5.1%
Ret/ On Assets - 3 Yr. Avg. 5.1%
Return On Total Capital 3.2%
Ret/ On T. Cap. - 3 Yr. Avg. 0.6%
Return On Equity 9%
Return On Equity - 3 Yr. Avg. 1.6%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 35.5%
Gross Margin - 3 Yr. Avg. 33.9%
EBITDA Margin 20.5%
EBITDA Margin - 3 Yr. Avg. 17.1%
Operating Margin 13.4%
Oper. Margin - 3 Yr. Avg. 10.8%
Pre-Tax Margin 6.9%
Pre-Tax Margin - 3 Yr. Avg. 2.5%
Net Profit Margin 5.6%
Net Profit Margin - 3 Yr. Avg. 0.9%
Effective Tax Rate 17.8%
Eff/ Tax Rate - 3 Yr. Avg. -39.8%
Payout Ratio 0%

CX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CX stock intrinsic value calculation we used $12713 million for the last fiscal year's total revenue generated by Cemex ADR. The default revenue input number comes from 2016 income statement of Cemex ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CX stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.7%, whose default value for CX is calculated based on our internal credit rating of Cemex ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Cemex ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CX stock the variable cost ratio is equal to 66.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $2591 million in the base year in the intrinsic value calculation for CX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.4% for Cemex ADR.

Corporate tax rate of 27% is the nominal tax rate for Cemex ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CX are equal to 81.1%.

Life of production assets of 24.7 years is the average useful life of capital assets used in Cemex ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CX is equal to 5.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $8501 million for Cemex ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 1453.33 million for Cemex ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Cemex ADR at the current share price and the inputted number of shares is $11.9 billion.

RELATED COMPANIES Price Int.Val. Rating
CRH CRH ADR 37.33 95.87  str.buy
MLM Martin Mariett 226.98 101.54  str.sell

COMPANY NEWS

▶ IIROC Trade Resumption - Clarmin Explorations Inc.   [Jan-09-18 04:09PM  Newsfile]
▶ IIROC Trade Halt - Clarmin Explorations Inc.   [Jan-08-18 07:49AM  Newsfile]
▶ Potential Winners From Trump's Expanded Border Wall   [Jan-07-18 07:21AM  TheStreet.com]
▶ "Fast Money" final trades: WMT, VRX and more   [Jan-02-18 05:59PM  CNBC Videos]
▶ ETFs with exposure to CEMEX SAB de CV : December 29, 2017   [Dec-29-17 11:49AM  Capital Cube]
▶ ETFs with exposure to CEMEX SAB de CV : December 18, 2017   [Dec-18-17 03:18PM  Capital Cube]
▶ ETFs with exposure to CEMEX SAB de CV : December 7, 2017   [Dec-07-17 01:28PM  Capital Cube]
▶ CEMEX Celebrates 25-Year Commitment to Nature Conservation   [Nov-30-17 02:27PM  Business Wire]
▶ ETFs with exposure to CEMEX SAB de CV : November 27, 2017   [Nov-27-17 01:01PM  Capital Cube]
▶ ETFs with exposure to CEMEX SAB de CV : November 16, 2017   [Nov-16-17 11:27AM  Capital Cube]
▶ ETFs with exposure to CEMEX SAB de CV : November 6, 2017   [Nov-06-17 11:24AM  Capital Cube]
▶ CEMEX Delivers the Future: CEMEX Go   [06:15AM  Business Wire]
▶ Cemex SAB de CV to Host Earnings Call   [07:45AM  ACCESSWIRE]
▶ CEMEX Supplied Special Solutions for Major German Motorways   [Oct-17-17 05:00PM  Business Wire]
▶ GCC statement on share transactions   [Sep-27-17 09:00PM  GlobeNewswire]
▶ Trade of the Day: Cemex SAB de CV (ADR) (CX)   [Sep-15-17 09:08AM  InvestorPlace]
▶ "Fast Money" final trades: MU, CX and more   [Sep-12-17 05:59PM  CNBC Videos]
▶ CEMEX Celebrates 25 Years of Global Growth   [01:00PM  Business Wire]
▶ CEMEX Donates U.S.$1M to Earthquake Relief Effort   [Sep-11-17 01:30PM  Business Wire]
▶ How To Invest In Mexican Stocks   [Sep-09-17 10:32AM  Motley Fool]
▶ Fortune Recognizes CEMEX as a World Changing Company   [Sep-07-17 06:41PM  Business Wire]
▶ ETFs with exposure to CEMEX SAB de CV : September 6, 2017   [Sep-05-17 08:40PM  Capital Cube]
▶ CEMEX Contributes to Texas Relief Effort   [Aug-31-17 01:49PM  Business Wire]
▶ A Lack Of Catalysts Sinks Cemex Rating   [Aug-29-17 10:44AM  Benzinga]
▶ ETFs with exposure to CEMEX SAB de CV : August 25, 2017   [Aug-25-17 04:13PM  Capital Cube]
▶ ETFs with exposure to CEMEX SAB de CV : August 15, 2017   [Aug-15-17 03:57PM  Capital Cube]
▶ Cemex Moves Lower On Earnings   [09:39AM  Barrons.com]
▶ CEMEXS Net Income Grows 41%   [06:15AM  Business Wire]
▶ Top Ranked Growth Stocks to Buy for July 20th   [Jul-20-17 11:22AM  Zacks]
▶ Are You Brave Enough to Buy These Value Stocks?   [Jul-19-17 07:12PM  Zacks]
▶ [$$] Cemex Sand Mine on California Beach to Close   [Jul-13-17 10:47PM  The Wall Street Journal]
▶ New Strong Buy Stocks for July 12th   [Jul-12-17 09:45AM  Zacks]
▶ Is Cemex (CX) a Great Growth Stock?   [Jul-07-17 08:36AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 28th   [Jun-28-17 10:55AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 20th   [Jun-20-17 10:50AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for June 6th   [Jun-06-17 11:10AM  Zacks]
▶ Business Confidence in Mexico Is Recovering   [May-26-17 01:35PM  Market Realist]
▶ Top Ranked Growth Stocks to Buy for May 23rd   [May-23-17 10:21AM  Zacks]
▶ ETFs with exposure to CEMEX SAB de CV : May 15, 2017   [May-15-17 03:34PM  Capital Cube]
▶ Top Ranked Growth Stocks to Buy for May 5th   [May-05-17 10:29AM  Zacks]
▶ ETFs with exposure to CEMEX SAB de CV : May 4, 2017   [May-04-17 03:52PM  Capital Cube]
▶ CEMEX Files Annual Report on Form 20-F for Fiscal Year 2016   [Apr-28-17 05:31PM  Business Wire]
▶ Trump Tweets Nafta's Negotiable: Peso, Cemex & KSU Rise   [Apr-27-17 12:37PM  Barrons.com]
▶ [$$] Cemex's Profit Jumps in First Quarter   [12:25PM  The Wall Street Journal]
▶ Top Ranked Value Stocks to Buy for April 21st   [Apr-21-17 10:16AM  Zacks]
▶ Mexico: Stocks, Peso Get Trambled By Trump   [Apr-19-17 02:09PM  Barrons.com]
▶ [$$] Cemex to Sell Materials Business in U.S. Northwest   [Apr-17-17 06:13PM  The Wall Street Journal]
▶ New Strong Buy Stocks Going Up for April 6th   [Apr-06-17 07:35PM  Zacks]
▶ [$$] Cemex to Keep Croatia Business After EU Rejects Sale   [Apr-05-17 10:43AM  The Wall Street Journal]
▶ CEMEX to Maintain Its Operations in Croatia   [06:22AM  Business Wire]
▶ Cemex Stock Upgraded to 'Overweight' at Morgan Stanley   [Apr-04-17 12:06PM  TheStreet.com]
Financial statements of CX
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.