Cemex S.A.B. de C.V. (CX) vs Titan America SA (TTAM)

Cemex S.A.B. de C.V. and Titan America SA are both Building Materials companies. Cemex S.A.B. de C.V. is the larger, with a market value of $16.2B against $2.2B — 7.5× the size. Titan America SA trades at the lower P/E: 12.3× against 23.8×. Cemex S.A.B. de C.V. grew revenue faster over the last twelve months: 11.0% against 4.07%. Titan America SA has the higher net margin (10.4% vs 3.60%) and the higher return on invested capital (10.2% vs 5.73%). Both pay a dividend; Titan America SA yields more (1.36% vs 1.00%). Across the 21 metrics below, Titan America SA leads on 14 and Cemex S.A.B. de C.V. on 7.

Valuation

Metric CX TTAM Building Materials median
P/E 23.77 12.25 18.55
P/S 0.90 1.27 1.63
P/B 1.19 2.10 2.40
Price to free cash flow 17.94 13.92 32.17
EV/EBITDA 14.23 7.09 10.02
EV/Sales 1.31 1.56 2.00
Earnings yield 4.21% 8.16% 4.74%
Free cash flow yield 5.58% 7.18% 2.78%

Profitability

Metric CX TTAM Building Materials median
Gross margin 34.11% 25.47% 26.23%
Operating margin 9.21% 15.14% 14.50%
Net margin 3.60% 10.35% 9.60%
Free cash flow margin 0.00% 9.10% 7.85%
Return on equity 4.62% 0.00% 8.83%
Return on assets 2.20% 8.96% 5.93%
Return on invested capital 5.73% 10.22% 6.51%

Growth

Metric CX TTAM Building Materials median
Revenue growth (TTM) 10.99% 4.07% 5.02%
EPS growth (last fiscal year) 1.56% 6.32% 0.64%
Revenue growth, 5-year CAGR 4.71% — 7.63%
Net income growth, 5-year CAGR 0.00% — 7.04%

Health

Metric CX TTAM Building Materials median
Debt to equity 0.37 0.52 0.52
Current ratio 0.95 2.08 1.59
Net debt to EBITDA 2.78 0.64 1.62

Dividend

Metric CX TTAM Building Materials median
Dividend yield 1.00% 1.36% 0.86%
Payout ratio 0.24 0.17 0.19

Size

Metric CX TTAM Building Materials median
Market cap 16.19b 2.15b 3.53b

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