|Bid||3.7100 x 3000|
|Ask||3.7200 x 46000|
|Day's range||3.6800 - 3.7700|
|52-week range||3.6800 - 7.6000|
|Beta (3Y monthly)||1.36|
|PE ratio (TTM)||10.29|
|Forward dividend & yield||0.05 (1.34%)|
|1y target est||6.68|
CEMEX Ventures’ Construction Startup Competition 2019 doubled the number of participating startups compared with the 2018 competition, closing the event with 10 winners. The jury, the 10 winners and audience created an unparalleled framework for construction technology, investment, and entrepreneurship in the city of Monterrey, Mexico. CEMEX Ventures celebrated its Pitch Day, an event at which the 10 winners of the Construction Startup Competition 2019 presented their solutions to a jury of experts in construction, innovation, and entrepreneurship.
Work at the construction site is not only the main area for improving digitization, but also the place to study the productivity of tasks at an individual level. Modular construction is the next big step for the industry due to its significant opportunity for cost savings and its ability to redefine the way in which structures are built. CEMEX Ventures shares the conclusions drawn from a recent roundtable in Paris, France, with six industry leaders to improve digitization and productivity in the construction industry.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that, for the fourth consecutive year, the Mexican Stock Exchange (Spanish:Bolsa Mexicana de Valores or BMV) recognized CEMEX as the company with the highest overall sustainability credentials from a total of 57 listed companies. As part of this annual assessment, CEMEX also outperformed the average score of its industry. For the eighth consecutive year, the Mexican Stock Exchange included CEMEX in its Sustainability Index, which comprises the top performers in the three pillars of sustainability: Corporate Governance, Social Responsibility, and Environmental Care.
CEMEX Go is a cutting-edge digital solution for customers’ business needs. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has successfully completed the deployment of its CEMEX Go platform, setting the foundation for a higher standard of customer service in the global building materials industry. CEMEX is committed to proactively developing innovative products and cutting-edge solutions to help fulfill its customers’ business needs.
The company has adopted the United Nations Sustainable Development Goals (SDGs) to help build a better future for society. It has called on business leaders to join this initiative and promote inclusive prosperity and sustainable development. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it is strengthening its commitment to the United Nations (UN) Sustainable Development Goals (SDGs) by prioritizing five goals that are directly connected with the company’s business and represent a better opportunity to contribute to the UN 2030 Agenda.
CEMEX Ventures, the open innovation and Corporate Venture Capital unit of CEMEX, announced today its investment in Energy Vault, an Idealab company that has developed a transformative technology to store energy. The new investment is further reinforced by plans to support rapid market adoption and deployment of Energy Vault’s technology through CEMEX’s strategic network. Energy Vault’s transformative energy storage technology solves a key challenge for renewables, which have struggled to replace, in a significant manner, fossil fuel power due to production unpredictability and intermittency of wind and sunlight.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has signed the final agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately €87 million. CEMEX currently expects to close this divestment during the second quarter of 2019. The assets in Germany being divested consist of 4 aggregates quarries and 4 ready-mix facilities in North Germany, and 9 aggregates quarries and 14 ready-mix facilities in North-West Germany.
CEMEX, S.A.B. de C.V. announced today that it has filed its annual report for the fiscal year ended December 31, 2018, on Form 20-F with the United States Securities and Exchange Commission .
CEMEX, S.A.B. de C.V. ("CEMEX") (CX), announced today that, on a like-to-like basis for the ongoing operations and adjusting for foreign exchange fluctuations, consolidated net sales increased by 1%, reaching US$3.2 billion during the first quarter of 2019 versus the comparable period in 2018. The increase in quarterly consolidated net sales was due to higher prices of our products, in local-currency terms in all of our regions, as well as higher volumes in our three core products in Europe, and in ready-mix and aggregates in the U.S. Controlling interest net income during the quarter was US$39 million, from US$20 million in the same period of 2018.
CEMEX, S.A.B. de C.V. announced today that it will help rebuild Paris’ Notre-Dame Cathedral after the devastating fire that partly destroyed and ravaged the building, including the iconic church’s roof and spire.
The American bison is currently on the list of endangered species in Mexico. Some of the threats that bison face for their recovery are the loss of habitat due to the expansion of agricultural developments and overgrazing by livestock.
CEMEX Ventures announced today its investment in LINKX, a company that offers specialized software to optimize goods delivery. The company’s software solution allows control of deliveries and vehicles in real time, allowing for data-based decision-making and facilitating communication and information among all involved parties: shipper, carrier, and receiver. With LINKX, shippers or freight generators plan deliveries in a simple way, allowing them to assign operations to their own carriers or third parties.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) introduced today CEMEX Go Developer Center, a digital platform designed to enable users to connect with different entities in the industry, accelerate their evolution, and promote new business models, while allowing the possibility of reducing costs and accelerating time for the development of new digital capabilities for each of its customers. CEMEX Go Developer Center will facilitate the connectivity of CEMEX processes with customers through digital platforms and application programming interfaces (APIs), which will also enable the direct management of orders for materials or services, the development of alliances with commercial partners, and the use of public information from CEMEX that allows other companies to integrate their digital offers.
For the first time in half a century, the Mazatlán Promenade is renovated with products and technology from CEMEX. CEMEX placed 17,000 m3 of hydraulic concrete for the renovation of the promenade. With this renovation, Mazatlán presents a new face to its visitors and the useful life of the promenade will increase by up to 30 years.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has successfully closed the amendment process under its facilities agreement, dated as of July 19, 2017 (the “2017 Credit Agreement”), entered into with several financial institutions. As part of this amendment process, CEMEX is extending approximately U.S.$1.1 billion of maturities by 3 years, representing on aggregate 92% of the July 2020 and January 2021 maturities under the 2017 Credit Agreement. With this extension, CEMEX currently does not have any relevant debt maturities until July 2021, aside from its 3.72% subordinated convertible notes maturing on March 2020 with a principal amount of approximately U.S.$521 million.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) presented today its 2018 Integrated Report: “Building a Stronger CEMEX,” which includes a complete analysis of CEMEX’s strategic vision, operational performance, corporate governance, and value creation at a global level.
CEMEX Ventures continues to open new collaboration agreements with leading experts and companies in the construction, entrepreneurship, and new technology industries. CEMEX Ventures, CEMEX's Corporate Venture Capital Unit, announced today that it signed a collaboration agreement with TEKFEN Ventures, the investment fund of TEKFEN, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing, and real estate sectors. Both companies have agreed to develop synergies between the parties to innovate the construction industry.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today it is making significant progress in its divestment initiative which is part of “A Stronger CEMEX”, a previously announced enhancement plan, by having closed or reached binding agreements for sales of approximately U.S.$750 million, which represents 50% of the low end of the December 2020 divestment target range. CEMEX announced the “A Stronger CEMEX” plan in July 2018, which includes a U.S.$1.5 to U.S.$2 billion asset disposal target by the end of 2020. Since then, CEMEX has announced the divestment of assets in the Baltics and Nordics, the terminal in Manaus, Brazil, aggregates and ready-mix assets in Germany, the white cement business, including the Buñol cement plant in Spain, among other assets.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has reached a binding agreement with Çimsa Çimento Sanayi Ve Ticaret A.S. to divest CEMEX’s white cement business, including its Buñol cement plant in Spain, for approximately US$180 million. CEMEX currently expects it could sign the final agreement during April 2019 and close this divestment during the second half of 2019. The proposed divestment does not include CEMEX’s white cement business in Mexico as well as the investment in Lehigh Cement in the USA.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has reached a binding agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately €87 million. CEMEX currently expects to sign a final agreement for the sale of assets during April 2019 and close this divestment during the second quarter of 2019. The assets in Germany being divested consist of 4 aggregates quarries and 4 ready-mix facilities in North Germany, and 9 aggregates quarries and 14 ready-mix facilities in North-West Germany.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that Fitch Ratings ("Fitch") upgraded CEMEX´s Corporate credit rating in its global scale to BB from BB-. According to Fitch, the upgrade reflects the strengthening of CEMEX's capital structure due to US$5 billion in debt reduction in the last three years, primarily due to robust free cash flow generation and asset sales. Other considerations for the upgrade are CEMEX’s strong business positions as well as the refinancing of about US$7 billion of debt, which has lowered interest payments by about US$200 million per year.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it will host a full-day video webcast presentation on Wednesday, March 20, 2019, starting at 8:30 AM ET in which members of its senior management will discuss CEMEX’s business and financial strategy, operations in its different regions, outlook and other related topics, which may contain important information for CEMEX’s stakeholders. A detailed agenda for this event as well as the live video webcast can be accessed at www.cemex.com/cemex-day-2019. A replay of the video webcast will be available for two weeks after the event.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today the pricing of €400 million of its 3.125% Senior Secured Notes due 2026 denominated in Euros (the “Notes”). CEMEX intends to use the net proceeds from the offering of the Notes for general corporate purposes, including to repay other indebtedness, all in accordance with CEMEX’s facilities agreement, dated as of July 19, 2017 (the “2017 Credit Agreement”), entered into with several financial institutions. The Notes will share in the collateral pledged for the benefit of the lenders under the 2017 Credit Agreement and other secured obligations having the benefit of such collateral, and will be guaranteed by CEMEX México, S.A. de C.V., CEMEX Concretos, S.A. de C.V., Empresas Tolteca de México, S.A. de C.V., New Sunward Holding B.V., CEMEX España, S.A., Cemex Asia B.V., CEMEX Corp., CEMEX Finance LLC, Cemex Africa & Middle East Investments B.V., CEMEX France Gestion (S.A.S.), Cemex Research Group AG and CEMEX UK.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has signed an agreement for the sale of assets in the Baltics and Nordics to the German building materials group SCHWENK, for approximately €340 million. The Baltic assets being divested consist of 1 cement production plant in Broceni with a production capacity of approximately 1.7 Mt, 4 aggregates quarries, 2 cement quarries, 6 ready-mix plants, 1 marine terminal and 1 land distribution terminal in Latvia. The assets divested also include CEMEX’s approximate 38% indirect interest in 1 cement production plant in Akmene in Lithuania, with a production capacity of approximately 1.8 Mt. In addition, the exports business to Estonia is also included as part of the divestment.