CEMEX, S.A.B. de C.V. stock: fair value
CXThe fair value of CEMEX, S.A.B. de C.V. under our model is $9.00, the price is 16% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $6.92 and expensive above $12.85 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $8.14 (cash-flow model) and $9.86 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly above both parts; given how much the stock swings, that still counts as fair.
Calculated with a cost of equity of 11.7%. At 12.7% the fair value would be $8.54, at 10.7% it would be $9.58.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (20.7).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 11.7% (government bond yield 3.8% plus beta 1.18 times a risk premium of 6.7%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $8.14 per share: free cash flow for the next ten years, each year discounted to today at 11.7%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 11.7%) |
|---|---|---|---|---|
| 2026 | $994.81M | extrapolated at 0.2% | 0.8953 | $890.62M |
| 2027 | $1.01B | extrapolated at 1.3% | 0.8015 | $807.79M |
| 2028 | $1.03B | extrapolated at 2.1% | 0.7175 | $738.12M |
| 2029 | $1.06B | extrapolated at 2.6% | 0.6424 | $677.97M |
| 2030 | $1.09B | extrapolated at 3.0% | 0.5751 | $624.96M |
| 2031 | $1.12B | extrapolated at 3.2% | 0.5149 | $577.54M |
| 2032 | $1.16B | extrapolated at 3.4% | 0.4609 | $534.67M |
| 2033 | $1.2B | extrapolated at 3.5% | 0.4127 | $495.58M |
| 2034 | $1.24B | extrapolated at 3.6% | 0.3694 | $459.74M |
| 2035 | $1.29B | extrapolated at 3.7% | 0.3307 | $426.76M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $6.23B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (11.7% − 3.8%) | $17.02B |
| Present value of terminal value (× 0.3307) | $5.63B |
| Equity value (sum plus present value of terminal value) | $11.86B |
| Shares (diluted) | 1.46B |
| Value per share (equity value divided by shares) | $8.14 |
| Earnings per share, last twelve months | $0.48 |
| × 20.7 (industry P/E) | $9.86 |
| Fair value (average of both parts) | $9.00 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 2 May 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.