CX CEMEX SAB de CV featured news, full reports, and detailed charts
CEMEX SAB de CV (CX) Wrap Up:
CEMEX, S.A.B. de C.V., through its subsidiaries, engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, and other construction materials. It sells its products primarily to distributors in the construction industry. The company has operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East, Australia, and Asia. CEMEX, S.A.B. de C.V. was founded in 1906 and is based in Garza Garcia, Mexico.CEMEX SAB de CV (CX:NYSE)
Snapshot of CEMEX SAB de CV (CX)
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OPEN
$11.07
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PREVIOUS CLOSE
$11.18
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DAY HIGH
$11.15
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DAY LOW
$10.95
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52 WEEK HIGH
09/16/09 - $14.59
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52 WEEK LOW
03/9/09 - $3.79
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MARKET CAP
10.6B
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AVERAGE VOLUME 3 mo
10.0M
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DILUTED EPS TTM
$-0.47
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SHARES OUTSTANDING
958.2M
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CX Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
related news
CX Top Compensated Officers
Executives, Board Directors
Key developments for CEMEX SAB de CV (CX)
CEMEX, S.A.B. de C.V. has made a debt repayment of about $1.50 billion (€1 billion) from the funds obtained in the $1.70 billion sale of its Australian operations to Holcim on 1 October 2009. The Mexican cement firm has reduced its total debts of just under $17.58 billion as of 30 September to $16.08 billion as a result of this transaction.
CEMEX, S.A.B. de C.V. revised earnings guidance for the year 2009. For the year, the company's EBITDA is now estimated at $2.9 billion compared to the $3.1 billion the company had originally predicted. The company will generate an estimated available cash flow of $1.2 billion, which is 25% lower than the previous estimate of $1.6 billion.
CEMEX, S.A.B. de C.V. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the period, the company reported consolidated net sales decreased to $4.2 billion as against $5.8 billion in the comparable period in 2008, representing a decrease of 27%, or a decrease of 19% when adjusting for the exclusion of its Venezuelan operations. EBITDA decreased 38% in the third quarter of 2009 to $806 million from $1.3 billion in the same period of 2008, or 30% when adjusting for the exclusion of above mentioned assets and currency fluctuations. Free cash flow after maintenance capital expenditures for the quarter was $260 million. Majority net income was a gain of $121 million in the third quarter of 2009 as against a gain of $200 million in the third quarter of 2008 due to lower operating income. Net debt at the end of the third quarter was $17.1 billion, representing a decrease of $1.2 billion during the quarter. EBITDA decreased 28% to $294 million versus the same period of last year. the company's operations in the United States reported net sales of $751 million in the third quarter of 2009, down 38% from the same period in 2008. EBITDA decreased 74% to $45 million, from $176 million in the third quarter of 2008. In Spain, net sales for the quarter were $217 million, down 41% from the third quarter of 2008, while EBITDA decreased 42% to $70 million.
CX Competitors
| Company | Last | Change |
| Colas | €185.01 EUR | -3.97 |
| HeidelbergCement | €43.71 EUR | -0.69 |
| Masco Corp | $14.04 USD | -0.30 |
| Vulcan Materials Co | $49.77 USD | +0.27 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CX |
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CX transactions
| Type Date |
Target |
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Merger/Acquisition
July 27, 2009 |
Gulfland Cement, LLC |