Cemex reaches 52-week high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Should l Buy CX?
Source: SeekingAlpha
Cemex SAB de CV (CX) saw a price increase of 3.13%, reaching a 52-week high. This movement occurs in the context of a broader market decline, with the Nasdaq-100 down 1.82% and the S&P 500 down 1.07%.
The increase in CX's stock price is attributed to its strong valuation metrics compared to competitors, as highlighted in a recent investment comparison. CX holds a Zacks Rank of #2 (Buy), indicating it may be undervalued relative to Vulcan Materials (VMC), which has a Zacks Rank of #3 (Hold). This suggests that investors are favoring CX amid a sector rotation towards more attractive value stocks, despite the overall market weakness.
This positive movement for Cemex reflects investor confidence in its financial health and potential for growth, particularly as it is recognized as a more appealing option for value investors in the Building Products sector.
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Analyst Views on CX
Wall Street analysts forecast CX stock price to rise
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 12.510
Low
11.25
Averages
13.18
High
15.00
Current: 12.510
Low
11.25
Averages
13.18
High
15.00
About CX
Cemex SAB de CV is a Mexico-based operating and holding company primarily engaged, directly or indirectly, through subsidiaries, in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other globally provided construction materials. The construction-related services supply 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, Caribbean, Asia, Middle East and Africa. The cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, Poland, Dominican Republic, United Kingdom, Panama, Puerto Rico, Thailand and Nicaragua. The Company is a supplier of aggregates, primarily the crushed stone, sand and gravel, used in various forms of construction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Dividend Payment Timeline: The dividend is payable on March 19, with a record date of March 11 and an ex-dividend date also set for March 11, ensuring shareholders receive their earnings promptly.
- Shareholder Return Strategy: By maintaining regular dividends, Cemex aims to bolster investor confidence and attract more long-term investors, thereby enhancing the company's performance in the capital markets.
- Market Reaction Expectations: Although the dividend yield is relatively low, the stable dividend policy may support the company's stock price to some extent, especially as investor demand for stable returns increases in the current economic environment.
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- Revenue Growth Trend: The anticipated revenue of $4.01 billion for Q4, representing a 5.2% increase from the previous year, highlights the company's growth potential in the context of recovering demand for construction materials.
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- Importance of Data Disclosure: Cemex's high-quality data disclosure and climate risk identification position it as a leader in global decarbonization efforts, driving the company's strategic transformation towards sustainability.
- Investor Attention: CDP scores are widely regarded as the gold standard of corporate environmental transparency, and Cemex's 'A List' status is likely to attract more sustainable investments as investors increasingly rely on such metrics for decision-making.
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- Currency Strength Recovery: The Mexican peso has appreciated by over 14% against the U.S. dollar, on track for its best annual performance since 1993, reflecting optimistic market expectations for Mexico's economic recovery despite underlying economic fragility.
- Monetary Policy Easing: The Bank of Mexico has cut interest rates by 300 basis points to 7% since the beginning of the year, a move that not only alleviates trade-related uncertainties but also injects liquidity into the economy, supporting stock market gains and boosting investor confidence.
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- Quarterly Dividend Announcement: Cemex has declared a quarterly dividend of $0.0225 per share, reflecting a forward yield of 0.72%, which underscores the company's ongoing commitment to stable cash flow and shareholder returns.
- Dividend Payment Timeline: The dividend is payable on March 19, with a record date of March 11 and an ex-dividend date also set for March 11, ensuring shareholders receive their earnings promptly.
- Shareholder Return Strategy: By maintaining regular dividends, Cemex aims to bolster investor confidence and attract more long-term investors, thereby enhancing the company's performance in the capital markets.
- Market Reaction Expectations: Although the dividend yield is relatively low, the stable dividend policy may support the company's stock price to some extent, especially as investor demand for stable returns increases in the current economic environment.
See More
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Expansion Announcement: Saverone has announced its global expansion of collaboration with Cemex, aiming to enhance its operational capabilities and reach in the market.
Strategic Partnership: The partnership with Cemex is expected to leverage both companies' strengths, facilitating innovation and improved service delivery in their respective sectors.
See More
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- Strong Earnings Report: Cemexpress reported a Q4 GAAP EPS of $0.24, exceeding market expectations, which indicates the company's stable profitability.
- Revenue Growth: The company achieved Q4 revenue of $4.18 billion, a 9.7% year-over-year increase, surpassing analyst expectations by $170 million, reflecting sustained market demand.
- Market Reaction: Despite the strong earnings report, analysts noted that Cemexpress needs to make further efforts to expand its earnings multiple, indicating a cautious market outlook on the company's future growth.
- Investor Interest: The financial information and dividend scorecard for Cemexpress have garnered significant investor attention, highlighting the company's potential in delivering stable earnings and shareholder returns.
See More
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- Earnings Announcement Schedule: Cemex is set to release its Q4 earnings report on February 5 before market open, with consensus EPS estimate at $0.20 and revenue expected to reach $4.01 billion, reflecting a 5.2% year-over-year growth, indicating the company's positive performance amid market recovery.
- Earnings Expectations Analysis: The consensus EPS estimate of $0.20 suggests investor confidence in Cemex's profitability, although further efforts are needed to enhance its valuation multiple in the competitive landscape.
- Revenue Growth Trend: The anticipated revenue of $4.01 billion for Q4, representing a 5.2% increase from the previous year, highlights the company's growth potential in the context of recovering demand for construction materials.
- Market Reaction Anticipation: As the earnings report approaches, investor expectations for Cemex's performance are high, particularly given the company's improvements in operational efficiency and market competitiveness, which could positively impact its stock price.
See More
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- Climate Action Recognition: Cemex has been named to CDP's 2025 'A List', with only 4% of companies achieving this honor, showcasing its exceptional performance in climate transparency and action, thereby enhancing its competitive edge in the global market.
- Importance of Data Disclosure: Cemex's high-quality data disclosure and climate risk identification position it as a leader in global decarbonization efforts, driving the company's strategic transformation towards sustainability.
- Investor Attention: CDP scores are widely regarded as the gold standard of corporate environmental transparency, and Cemex's 'A List' status is likely to attract more sustainable investments as investors increasingly rely on such metrics for decision-making.
- Commitment to Sustainability: Cemex is dedicated to achieving carbon neutrality through innovation and R&D, and its 'A-' rating for water security further underscores its leadership in sustainable practices, strengthening trust with stakeholders.
See More
Mexican Assets Surge Over 50% in 2025, Outperforming Wall Street
- Outstanding Market Performance: The iShares Mexico ETF (NYSE:EWW) has surged over 50% year-to-date, marking its best performance since 1999 and significantly outperforming the S&P 500's 17% and Nasdaq's 21% gains, indicating strong investor confidence in the Mexican market.
- Currency Strength Recovery: The Mexican peso has appreciated by over 14% against the U.S. dollar, on track for its best annual performance since 1993, reflecting optimistic market expectations for Mexico's economic recovery despite underlying economic fragility.
- Monetary Policy Easing: The Bank of Mexico has cut interest rates by 300 basis points to 7% since the beginning of the year, a move that not only alleviates trade-related uncertainties but also injects liquidity into the economy, supporting stock market gains and boosting investor confidence.
- Impressive Individual Stock Returns: Individual stocks like Industrias Peñoles S.A. (OTC:IPOAF) have surged over 260%, while CEMEX (NYSE:CX) and Grupo México (OTC:GPMXY) have both risen over 80%, showcasing strong performance in the mining and materials sectors amid global demand recovery.
See More
