GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cemex SAB de CV (OTCPK:CXMSF) » Definitions » Piotroski F-Score

CXMSF (CemexB de CV) Piotroski F-Score : 6 (As of Mar. 25, 2025)


View and export this data going back to . Start your Free Trial

What is CemexB de CV Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CemexB de CV has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for CemexB de CV's Piotroski F-Score or its related term are showing as below:

CXMSF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of CemexB de CV was 7. The lowest was 3. And the median was 5.


CemexB de CV Piotroski F-Score Historical Data

The historical data trend for CemexB de CV's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CemexB de CV Piotroski F-Score Chart

CemexB de CV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 6.00 6.00 5.00 -

CemexB de CV Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 N/A 6.00 6.00 -

Competitive Comparison of CemexB de CV's Piotroski F-Score

For the Building Materials subindustry, CemexB de CV's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CemexB de CV's Piotroski F-Score Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, CemexB de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where CemexB de CV's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was -441.163 + 254.396 + 230.388 + 405.717 = $449 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0 Mil.
Revenue was 4860.24 + 4137.511 + 4494.175 + 4089.673 = $17,582 Mil.
Gross Profit was 1657.907 + 1389.561 + 1604.194 + 1339.956 = $5,992 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(27658.616 + 28433 + 28602.557 + 28035.163 + 27994.794) / 5 = $28144.826 Mil.
Total Assets at the begining of this year (Sep23) was $27,659 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $5,982 Mil.
Total Current Liabilities was $6,090 Mil.
Net Income was -99.497 + 225.446 + 271.845 + 125.873 = $524 Mil.

Revenue was 3868.698 + 4035.801 + 4482.858 + 4363.873 = $16,751 Mil.
Gross Profit was 1208.034 + 1289.672 + 1557.584 + 1489.86 = $5,545 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(26603.032 + 26447 + 27488.331 + 27961.648 + 27658.616) / 5 = $27231.7254 Mil.
Total Assets at the begining of last year (Sep22) was $26,603 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Total Current Assets was $5,080 Mil.
Total Current Liabilities was $5,737 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CemexB de CV's current Net Income (TTM) was 449. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

CemexB de CV's current Cash Flow from Operations (TTM) was 0. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep23)
=449.338/27658.616
=0.01624586

ROA (Last Year)=Net Income/Total Assets (Sep22)
=523.667/26603.032
=0.01968449

CemexB de CV's return on assets of this year was 0.01624586. CemexB de CV's return on assets of last year was 0.01968449. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

CemexB de CV's current Net Income (TTM) was 449. CemexB de CV's current Cash Flow from Operations (TTM) was 0. ==> 0 <= 449 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=0/28144.826
=0

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=0/27231.7254
=0

CemexB de CV's gearing of this year was 0. CemexB de CV's gearing of last year was 0. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep24)=Total Current Assets/Total Current Liabilities
=5981.879/6090.441
=0.98217502

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=5079.909/5736.537
=0.88553582

CemexB de CV's current ratio of this year was 0.98217502. CemexB de CV's current ratio of last year was 0.88553582. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

CemexB de CV's number of shares in issue this year was 15178.339. CemexB de CV's number of shares in issue last year was 14127.16. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=5991.618/17581.599
=0.34078914

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=5545.15/16751.23
=0.33102942

CemexB de CV's gross margin of this year was 0.34078914. CemexB de CV's gross margin of last year was 0.33102942. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep23)
=17581.599/27658.616
=0.63566445

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=16751.23/26603.032
=0.62967372

CemexB de CV's asset turnover of this year was 0.63566445. CemexB de CV's asset turnover of last year was 0.62967372. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+0+0+1+1+0+1+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

CemexB de CV has an F-score of 5 indicating the company's financial situation is typical for a stable company.

CemexB de CV  (OTCPK:CXMSF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


CemexB de CV Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of CemexB de CV's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


CemexB de CV Business Description

Traded in Other Exchanges
Address
Avenida Ricardo Margain Zozaya No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265
Cemex SAB de CV is a ready-mix concrete company that mainly engaged in activities that are oriented to the construction industry, mainly through the production, marketing, sale, and distribution of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services.