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CEMEX, S.A. (CEMEXCPO) Fair Value & Analysis

Basic Materials · MX · Market cap 322B MXN

CS CEMEX, S.A. CEMEXCPO · MX
Price21.71 MXN
Fair Value15.42 MXN
Upside-29.0%
Quality51/100
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Healthy Growth
Thin margins · 2.7% net margin
Low debt · generates free cash flow
Trails peers (4/15)
Narrow moat 35/100
Evidence: High Range 13.14 MXN – 24.00 MXN Share as image

Fair value as of: Jul 10, 2026

From 24 valuation models · updated 33 days ago

Fair value updated Jul 10, 2026, revised from 17.45 MXN to 15.42 MXN (−11.6%) since Jun 24, 2026. Share price +3.5% over the past month.

A solid business, but screening 29% overvalued on our models.

What matters now

  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (13.14 MXN to 24.00 MXN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

23.33 MXN 6.36 MXN Fair Value 15.42 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 10, 2026.

How to read this chart

60‑month range 6.36 MXN – 23.33 MXN · fair‑value band 13.14 MXN – 24.00 MXN · the 21.71 MXN price screens above the 15.42 MXN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 10, 2026.

Full chart & analysis →

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Analysis

CEMEX, S.A. (CEMEXCPO) currently trades at 21.71 MXN, while our model-based Fair Value estimate is 15.42 MXN, implying the stock looks roughly 29.0% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CEMEX, S.A. generated revenue of 16.5B MXN at a net margin of 2.7%. Revenue grew 11.2% year over year. It earns a return on equity of 3.8%. Net debt stands at 4.5B MXN. Fundamentals as of Jul 10, 2026

Our scenario range runs from 13.14 MXN (bear case) to 24.00 MXN (bull case); at 21.71 MXN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% fair-value upside, at -29%, CEMEXCPO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 6.71 MXN 10.70 MXN 17.78 MXN 80
Residual Income 13.42 MXN 14.33 MXN 15.78 MXN 76
Rev-Margin DCF 11.79 MXN 20.68 MXN 31.38 MXN 74
All 24 models by family
DCF Models
FCF DCF 6.35 MXN 10.34 MXN 18.14 MXN 38
Owner Earnings 9.80 MXN 15.24 MXN 25.76 MXN 31
5Y Revenue Exit 11.79 MXN 20.50 MXN 33.02 MXN 39
5Y EBITDA Exit 15.42 MXN 26.85 MXN 41.91 MXN 41
5Y P/E Exit 8.34 MXN 14.51 MXN 21.77 MXN 38
10Y Revenue Exit 9.07 MXN 15.42 MXN 22.50 MXN 36
10Y EBITDA Exit 11.97 MXN 19.59 MXN 27.76 MXN 37
10Y P/E Exit 7.44 MXN 11.79 MXN 15.78 MXN 35
Earnings-Based
Graham-Dodd 7.98 MXN 9.80 MXN 10.88 MXN 54
EPV 16.15 MXN 19.41 MXN 22.50 MXN 59
Dividend Discount
Gordon GGM 1.45 MXN 1.63 MXN 1.81 MXN 70
DDM Multi-Stage 1.45 MXN 2.00 MXN 2.54 MXN 61
Multiples
P/E Multiple 14.88 MXN 19.96 MXN 24.85 MXN 63
P/S Multiple 14.88 MXN 19.96 MXN 24.85 MXN 58
P/B Multiple 14.88 MXN 19.96 MXN 24.85 MXN 55
EV/EBIT 19.77 MXN 27.39 MXN 35.01 MXN 53
EV/EBITDA 25.03 MXN 34.47 MXN 43.90 MXN 54
EV/Revenue 16.69 MXN 25.22 MXN 33.74 MXN 43
Asset-Based
NCAV (Graham) 8.16 MXN 10.88 MXN 16.33 MXN 50
Growth DCF
Growth DCF 6.71 MXN 10.70 MXN 17.78 MXN 80
Rev-Margin DCF 11.79 MXN 20.68 MXN 31.38 MXN 74
Economic Profit
Residual Income 13.42 MXN 14.33 MXN 15.78 MXN 76
ROIC Compounder 16.15 MXN 19.96 MXN 24.49 MXN 72
Growth Earnings
Growth-Adj P/E 10.70 MXN 15.24 MXN 19.77 MXN 68

Widest divergence: Multiples (19.96 MXN) versus Dividend Discount (1.63 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 16.5B MXN
Revenue growth (YoY) +11.2%
Net margin 2.7%
Return on equity 3.8%
Free cash flow 763M MXN FY2025
P/E ratio 36.2
More key figures
Operating margin 10.5%
EPS (TTM) 0.6100 MXN
EPS growth (YoY) -67.5%
Net debt 4.5B MXN FY2025

Figures from reported company fundamentals · as of Jul 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 73

Profitability 34
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CEMEX, S.A.B. de C.V., together with its subsidiaries, engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Full company description

CEMEX, S.A.B. de C.V., together with its subsidiaries, engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. It offers gray ordinary portland, white portland, and blended cement products; masonry or mortar products; standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products; aggregate products, including crushed stone and manufactured sand, gravel, sand, and recycled concrete; and vertua products. The company also provides urbanization solutions for construction chemicals, mortars, concrete products, and asphalt businesses, as well as municipal and industrial waste management solutions; and construction, demolition, and excavation waste solutions. CEMEX, S.A.B. de C.V. was founded in 1906 and is based in San Pedro Garza García, Mexico.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CEMEX, S.A. reported revenue of 16.1B MXN in FY2025 versus 14.5B MXN in FY2021, a compound +2.6%/yr. Reported net income was 960M MXN in FY2025, compounding +6.3%/yr from FY2021.

Growth Quality 63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
16.1B MXN
Latest YoY
+0.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.5%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−18.6%
Revenue +2.6%/yr
FY21 14.5B MXN
FY22 15.6B MXN
FY23 16.4B MXN
FY24 16.1B MXN
FY25 16.1B MXN
Net income +6.3%/yr
FY21 753M MXN
FY22 858M MXN
FY23 182M MXN
FY24 939M MXN
FY25 960M MXN

CEMEXCPO screens 29% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "CEMEX, S.A. Fair Value". https://www.fairvalue-calculator.com/stock/CEMEXCPO

Peer Group

Building Materials · 259 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Below median
Fair Value upside −29% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.33× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 36.2× · Pricier than 75% of peers
P/B 1.42× · Pricier than median
P/S (TTM) 1.14× · Pricier than median
P/FCF 24.8× · Pricier than 75% of peers
EV/EBITDA 7.1× · Pricier than median
PEG 0.10× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 24
FUTURE 56 · sector 1
PAST 15 · sector 15
HEALTH 83 · sector 92
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 10, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%
J.K. Cement Limited JKCEMENT ₹5,493 ₹2,184 -60%

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Frequently asked questions

Is CEMEX, S.A. (CEMEXCPO) overvalued or undervalued?
As of Jul 10, 2026, our model estimates a fair value of 15.42 MXN versus a price of 21.71 MXN, about −29% (overvalued).
What is the fair value of CEMEXCPO?
Our model-based fair value for CEMEX, S.A. is 15.42 MXN (as of Jul 10, 2026), built from audited fundamentals. The current price is 21.71 MXN.
What is the quality score of CEMEXCPO?
CEMEX, S.A. has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CEMEX, S.A. (CEMEXCPO)?
CEMEX, S.A. reported trailing-twelve-month revenue of about 16.5B MXN (latest available figure, as of Jul 10, 2026).
What is the net profit margin of CEMEXCPO?
The net profit margin of CEMEX, S.A. is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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