Sector: Building materials
MX_CEMEX
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/CEMEXCPO.MX
Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB USD | Operating profitB USD | D&AB USD | EBITDAB USD | Net profitB USD | Operating CFB USD | Capex + M&AB USD | AssetsB USD | EquityB USD | ROE (annualized) | Net debtB USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 4.0 y/y — | 0.5 y/y — | 0.3 y/y — | 0.8 y/y — | 0.2 y/y — | 0.1 | -0.1 | 28.1 y/y — | 13.1 y/y — | 7.0% | 5.1 | — |
| 2025-12-31 | FY 2025 (12M) | OK | 16.1 y/y 0.4% | 1.8 y/y -1.9% | 1.1 y/y 0.0% | 2.9 y/y -1.1% | 1.0 y/y 2.2% | 2.0 | -1.2 | 28.9 y/y 6.0% | 12.9 y/y 6.0% | 7.7% | 2.6 | — |
| 2024-12-31 | FY 2024 (12M) | OK | 16.1 y/y -2.1% | 1.8 y/y -6.3% | 1.1 y/y 2.8% | 3.0 y/y -3.0% | 0.9 y/y 415.9% | 2.0 | -1.0 | 27.3 y/y -4.0% | 12.2 y/y 3.5% | 7.8% | 4.5 | — |
| 2023-12-31 | FY 2023 (12M) | ERR | 16.4 y/y — | 1.9 y/y — | 1.1 y/y — | 3.1 y/y — | 0.2 y/y — | 2.3 | -0.9 | 28.4 y/y — | 11.8 y/y — | — | 5.6 | Report (PDF) |
| Short-term debt (incl. ST leases) | 1 020 |
| Long-term debt (incl. LT leases) | 4 758 |
| − Cash & equivalents | 687 |
| Net debt | 5 091 |
|---|
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Current 260spot vs LTM +1%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -9.0%
Main driver: Cement +2% vs LTM; revenue ×1.01 vs costs ×1.02; EBITDA 3 104→2 890; at 7.0× EV/EBITDA → -9%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Cement (rev) | +65% | 259.87 | 254.38 | 256.14 | +2% | +1% |
| Steam coal (US, petcoke proxy) (cost) | -10% | 49.49 | 49.74 | 51.24 | -1% | +3% |
| Henry Hub gas (cost) | -5% | 2.65 | 3.37 | 3.11 | -21% | -8% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 16 076 |
| LTM EBITDA | 3 104 |
| LTM cash costs (revenue − EBITDA) | 12 972 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.014 (+1%) |
| = Spot revenue | 16 302 |
| Revenue multiplier — 3y price | ×1.004 (+0%) |
| = 3-year-price revenue | 16 148 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.023 (+2%) |
| = Spot cash costs | 13 268 |
| Cost multiplier — 3y price | ×1.033 (+3%) |
| = 3-year-price cash costs | 13 402 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 3 034 |
| = 3-year-price EBITDA | 2 746 |
| Conservative EBITDA = min(spot, avg) | 2 890 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct) | 7.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 20 176 |
| Net debt | 5 091 |
| Target market cap = EV − net debt | 15 085 |
| Current market cap | 16 578 |
Upside = target market cap ÷ current − 1 = -9.0%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 FY | 16 404 | 15 762 | +4.1% | 3 062 | 3 124 | -2.0% |
| 2024 FY | 16 063 | 16 954 | -5.3% | 2 970 | 3 171 | -6.3% |
| 2025 FY | 16 132 | 16 373 | -1.5% | 2 936 | 2 453 | +19.7% |
Projected EV/EBITDA 6.5x · target 75th pct (3y) 7.1x · LTM avg 5.7x
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-06-17 | 0.0536 MXN | Ex-dividend: 0.0536 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2026-03-11 | 0.0394 MXN | Ex-dividend: 0.0394 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2025-12-15 | 0.0404 MXN | Ex-dividend: 0.0404 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2025-09-17 | 0.0411 MXN | Ex-dividend: 0.0411 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2025-06-17 | 0.0423 MXN | Ex-dividend: 0.0423 MXN per share | Paid | Yahoo Finance (ex-div) |
| 2024-06-17 | 0.0481 MXN | Ex-dividend: 0.0481 MXN per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of CEMEX — from primary filings.
Cemex is a global building materials company; its core business is cement, ready-mix concrete and aggregates.