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GCC.MX
ACCE-researched

Grupo Cementos de Chihuahua (GCC.MX) fair value

Basic Materials · Building Materials · BMV · Mexico
MXN 177.66-0.06%
Market cap MXN 58.0BNext earnings 2026-10-27Updated Oct 24, 2026
Add earnings to calendarGoogle
Our verdict
Trades 23% below our fair value
Price
MXN 177.66
Model fair valueConfidence: good
MXN 229
Model range
MXN 64.19 to MXN 302
Fair value MXN 229
Price MXN 178
4 models fit Grupo Cementos de Chihuahua and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
Discount(i)Silver66
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionGrupo Cementos de Chihuahua (GCC.MX)
Fair value (4 models)
MXN 229
ACCE price target
MXN 198
Rating
Undervalued
Horizon
12 months
Fair value published on 18 Oct 2026, 00:00 CEST.
ACCE price target published on 17 Oct 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 17:04 CEST.
Price used: MXN 178 at the close on 23 Oct 2026, 23:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
22.5% below
+29.0% to fair value
ACCE score
62
out of 100
P/E
10.5x
forward 11.4x
1-year return
+5.3%
Dividend yield
0.06%

Grupo Cementos de Chihuahua in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Grupo Cementos de Chihuahua is a Mexican cement and aggregates producer that also sells ready-mix concrete and lime, with a US footprint that adds exposure beyond its home market. At 10.6x trailing and 9.1x forward earnings on a 58.7B MXN market cap, the stock is priced well below where a cyclical building-materials business with a regional moat would normally trade, which makes it worth a look. The data we have does not include revenue growth, margins or ROE, so the thesis rests on valuation and the business model rather than on reported operating momentum, and those figures need pulling before any position is sized. The forward multiple sitting below the trailing one implies consensus expects earnings to rise, but the size and source of that expected lift is the first thing to verify. The name also has no index membership in the data, so liquidity and float should be checked as part of the deeper review.

AI-assisted·How I use AIWritten Oct 17, 2026

AI research notes

AI-assisted·How I use AIWritten Oct 17, 2026 · figures from 2026-10-16 · prices to Oct 23, 2026
Why it could do well
  • At MXN 179.95, the stock trades on a trailing P/E of 10.6x, which is a modest multiple for a cement producer.
  • The forward P/E of 9.1x sits below the trailing multiple, implying analysts expect earnings to rise over the next year.
  • A dividend yield of 1.1% gives holders a cash return while they wait for the valuation gap to close.
Why it could disappoint
  • Most of the company's earnings come from US cement sales, so a slowdown in US housing or infrastructure would hit profits directly.
  • A stronger peso would cut the peso value of US-denominated earnings, which would shrink the EPS that the 9.1x forward multiple depends on.
  • A 1.1% dividend yield is thin compensation if energy costs spike or US regional competitors stop holding prices, squeezing margins.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Oct 27, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

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Valuation

INVESTOR
Where GCC.MX's valuation models land
Price
MXN 177.66
Model fair value
MXN 229
Model range
MXN 64.19 to MXN 302
Fair value MXN 229
Price MXN 178
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

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  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-1.3%
1 month
-1.9%
3 months
-12.6%
6 months
-13.4%
YTD
-2.7%
1 year
+5.3%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
24 Oct 2026, 17:04 CESTRatingUndervaluedfirst publicationMXN 178
18 Oct 2026, 00:00 CESTFair valueMXN 229first publicationMXN 180
17 Oct 2026, 00:00 CESTACCE price targetMXN 198first publicationMXN 180

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in MXN. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth52Value80Quality78Momentum38Total62
Valuation
Trailing P/E
10.5x
Forward P/E
11.4x
PEG
7.01
P/B
1.46x
EV / Revenue
2.2x
Book value/sh
$135.49
Enterprise value
MXN 56.7B
Profitability
ROE
13.9%
FCF yield
0.05%
ROIC
8.4%
Health and risk
Debt / equity
0.27
Dividend yield
0.06%
Beta
0.47

Price

+7.4% · 1Y

Ask anything about GCC.MX

Answered from Grupo Cementos de Chihuahua fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 83% of peers
low 9.1x10.5xhigh 31.9x
ROEbetter than 60% of peers
low 4%14%high 21%
Div yieldbetter than 33% of peers
low 0.0%0.1%high 3.4%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
GCC.MX Grupo Cementos de ChihuahuaMXN 177.66MXN 22923% below10.5x13.9%7862
KNF Knife Riv Holding Co. Common Stock$53.12$4812% above21.3x9.1%5243
DALBHARAT.NS Dalmia Bharat Limited₹1591.30--31.9x-7643
USLM United States Lime & Minerals Inc. Common Stock$111.71$7648% above22.8x21.3%9158
VCT.PA Vicat S.A.€58.50€8531% below9.1x10.2%5959
5233.T Taiheiyo Cement Corporation¥4124.00--16.7x4.2%4362
TTAM Titan America SA Common Shares$13.59$1613% below14.5x17.4%6449

Sector report card

Where GCC.MX ranks against its sector peers on each metric.

Computing percentiles…