Earnings Report /
Mexico

Cemex: CEMEX, Quarterly Report 2Q21: More favorable outlook and attractive valuation

  • CEMEX’s 2Q21 figures showed solid progress, and profitability expansion, surpassing pre-pandemic levels

  • Leverage ratio is now at investment-grade capital structure level. We raised projections in light of a better outlook

  • We raise PT to MXN 22.50. The company is part of our selection of issuers benefiting from the environment

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Banorte
30 July 2021
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