Cemex Sab De Cv (CX) intrinsic value & 10-year financials
Cemex Sab De Cv (CX) has a Graham intrinsic value of $0.26 per share. Over the last 10 fiscal years revenue grew 3.3% a year to $16.2B, with an average return on invested capital of 5.1%.
- Graham intrinsic value
- $0.26
- Revenue (FY2024)
- $16.2B
- Revenue growth (10-yr CAGR)
- 3.3%
- ROIC (10-yr avg)
- 5.1%
- Free cash flow (FY2024)
- $894.0M
CX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $16.2B | $960.0M | $0.02 | $894.0M | 11.2% | 9.8% |
| FY2023 | $17.4B | $199.0M | $0.00 | $1.2B | 10.6% | 5.3% |
| FY2022 | $15.6B | $885.0M | $0.02 | $566.0M | 7.0% | 5.1% |
| FY2021 | $14.5B | $778.0M | $0.02 | $1.1B | 11.1% | 7.9% |
| FY2020 | $13.0B | -$1.4B | -$0.03 | $1.0B | -3.4% | -2.4% |
| FY2019 | $13.1B | $179.0M | $0.00 | $702.0M | 7.5% | 2.6% |
| FY2018 | $13.5B | $570.0M | $0.01 | $966.0M | 10.4% | 5.1% |
| FY2017 | $12.9B | $867.0M | $0.02 | $1.3B | 11.8% | 7.5% |
| FY2016 | — | — | — | — | — | — |
| FY2015 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CEMEX SAB DE CV revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
CEMEX SAB DE CV has historically struggled to out-earn its cost of capital, averaging just 5.1% ROIC.
CEMEX SAB DE CV has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CEMEX SAB DE CV is modeled at 2.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.26 per share.