CEMEX, S.A.B. de C.V.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF (per ADS, 1 ADS = 10 CPO ordinary shares): $1,363.2M FCF base (8% of $17.04B TTM revenue, typical mid-cycle FCF margin for a global cement major); 6% growth years 1-5 (infrastructure/construction recovery); 4% years 6-10; 10% discount rate (EM industrial risk); 3% terminal growth; -$6,225M net debt; 1,458M ADS-equivalent shares (market cap $13.90B / $9.53 price).

Reasoning: Cemex is a global cement/building-materials major with cyclical, capital-intensive cash flows; an unlevered FCF DCF with an emerging-market risk premium and a conservative FCF margin (reflecting heavy maintenance capex) is standard for the sector.