Frequently Asked Questions for Investors and Analysts
1. Where are CEMEX's shares traded, and what are the shares' ticker symbols?
CEMEX' shares trade on the Mexican Stock Exchange under the ticker symbol CEMEXCPO. CEMEX's shares also trade on the New York Stock Exchange in the form of ADSs under the ticker symbol CX.
2. What is a CPO?
Our capital stock consists of series A shares and series B shares. Each of our “Certificado de Participación Ordinario” (CPO) represents two series A shares and one series B share. A CPO is the type of equity security that CEMEX trades on the Mexican Stock Exchange.
3. What is an ADS?
American Depositary Shares (ADSs) are a means for non-U.S.-based corporations to list their ordinary equity on an American stock exchange. Denominated in US dollars, they confer full rights of ownership to the corporation’s underlying shares, which are held on deposit by a custodian bank in the company’s home country or territory.
4. What is the ratio of CEMEX's ADSs to CPOs?
One CEMEX ADS traded on the NYSE represents ten CEMEX CPOs.
5. Do all shareholders have the same voting rights?
Under the terms of the CPO trust agreement, non-Mexican holders of CPOs and ADSs have no voting rights with respect to the A shares underlying those CPOs and ADSs. All ADSs are deemed to be held by non-Mexican nationals. At every shareholders' meeting, the A shares held in the CPO trust are voted in accordance with the vote cast by holders of the majority of A shares held by Mexican nationals and B shares voted at that meeting of shareholders.
6. Does CEMEX have a direct stock purchase plan or a direct dividend investment plan (DRIP)?
CEMEX has a direct stock purchase plan (DSPP). Please click on the following link for information.
7. How many shares does CEMEX have outstanding?
As of March 31, 2019, CEMEX had approximately 15,003 million CPOs outstanding, representing approximately 1,500 million ADSs.
8. Does CEMEX pay dividends?
Please click here to learn more about our dividend program.
9. Does CEMEX publish a 10K, 10Q, or 20F
CEMEX publishes quarterly and annual reports on the Mexican stock exchange, which might be considered equivalent to the United States' 10Qs and 10Ks, and as a non-US company, CEMEX files a 20F report with the Securities and Exchange Commission every year. As a company committed to transparency, CEMEX makes every effort to adhere to the standard practices and disclosure policies of the international capital markets. You can find our quarterly releases, annual reports, and 20Fs in our reports page.
10. Do you report earnings under U.S. GAAP?
CEMEX reports financial results under International Financial Reporting Standards (IFRS), which is the accounting standard in our quarterly and annual reports. We also file a 20F report on an annual basis which, until December 31, 2010, presented stockholders' equity and net income reconciled from Mexican Financial Reporting Standards to U.S. GAAP. Beginning in 2012, CEMEX adopted IFRS in its 20F report and for future quarterly and annual reports; therefore, based on SEC rules, earnings will no longer be reconciled to U.S. GAAP.
11. What is CEMEX's official accounting currency?
CEMEX’s official accounting currency is the Mexican peso. However, both our quarterly and annual reports offer a convenience translation of our financial statements to U.S. dollars.
12. How much debt does CEMEX have?
As of March 31, 2019, our net debt plus perpetual notes, which equals total debt plus perpetual notes minus cash and cash equivalents, was US$11,372 million. You can find more information about our debt in our Debt Information section.
13. What is CEMEX's current debt rating?
CEMEX’s credit ratings are as follows:
|Standard & Poor's|
|Long Term Global||BB||Stable||September 20, 2017|
|Long-Term Global||BB+||Stable||March 13, 2019|
Please follow this link for more details on our debt.
14. How does CEMEX align management's and shareholder's interests?
To better align our executives' interests with those of our stockholders, we began offering executives a new stock-ownership program in 2005.
15. Which are the biggest markets in your portfolio, and what percentage of your sales do they represent?
CEMEX's markets and their respective 2018 percentage of sales excluding others and intercompany eliminations are Mexico (23%), the United States (27%), South / Central America and the Caribbean (13%), Europe (27%), and AMEA (10%).
16. Who are the analysts that provide financial coverage of CEMEX?
Please click here for the list of equity analysts that provide coverage of CEMEX.
Please click here for the list of fixed income analysts that provide coverage of CEMEX.
17. Where are your corporate headquarters?
Our headquarters are located in Monterrey, Mexico. The address is Av. Ricardo Margain #325, Col. Valle del Campestre, San Pedro Garza García, N.L., Mexico 66265. For other office locations around the world please click here.
18. How many employees does CEMEX have worldwide?
As of March 31, 2019, CEMEX had 41,054 employees worldwide (excluding discontinued operations).
19. What is CEMEX doing in terms of environmental issues and sustainable development?
Environmental consciousness is part of our corporate culture. Please click here for in-depth information on our environmental culture.
|Operating earnings before other expenses, net||1,724||1,727||(0.2%)|
|Controlling interest net income||543||806||(32.6%)|
|Controlling interest basic earnings per ADS2||0.36||0.53||(31.9%)|
|Controlling interest basic earnings per ADS2 from continuing operations||0.35||0.41|
|Controlling interest basic earnings per ADS2 from discontinued operations||0.01||0.12|
|Free cash flow after maintenance capital expenditures||918||1,290||(28.8%)|
|Total debt and perpetual debentures||10,397||11,349||(8.4%)|
|Total controlling stockholders' equity
(in millions of US dollars1, except per-ADS data)
1 For the reader's convenience figures are presented in US dollars. For statements of operations accounts, these figures result from translating the local currency amounts into US dollars at the average exchange rate for the year, which approximates a convenience translation of the Mexican peso results for 2018 and 2017 using the average exchange rates of the year of 19.26 and 18.88 MXN/US$, respectively. For balance sheet accounts, US dollar figures result from translating the local currency amounts into US dollars at the closing exchange rate for the year, which approximates a convenience translation of the Mexican peso amounts at the end of each year using the end-of-year exchange rate of 19.65 and 19.65 MXN/US$, respectively.
2 Based on an average of 1,543 and 1,517 million American Depositary Shares (ADSs) for 2018 and 2017, respectively.
(i) As a result of requirements by the National Banking and Exchange Commission, CEMEX prepares its consolidated financial statements using International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board ("IASB").