Billionaire Rob Citrone’s 10 Small-Cap Stock Picks with Huge Upside Potential

8. Cemex S.A.B. de C.V. (NYSE:CX)

Discovery Capital Management’s Stake: $9.61 million

Number of Hedge Fund Holders: 20

Market Capitalization as of May 8: $9.82 billion

Average Upside Potential as of May 8: 23.08%

Cemex S.A.B. de C.V. (NYSE:CX) produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services. It also provides logistics & transportation, retail, pavement services, design & engineering, and other services.

In Q1 2025, the company’s Urbanization Solutions portfolio saw a 14% decline in sales due to the conclusion of large infrastructure projects in Mexico and lower US concrete block demand, but the EBITDA margin expanded by 0.5 percentage points. This was driven by the circularity business within Urbanization Solutions, which achieved a 5% EBITDA growth despite flat sales.

The circularity business repurposes industrial byproducts and has a CAGR of 27% over the past 2 years. Cemex S.A.B. de C.V. (NYSE:CX) plans to further develop the Urbanization Solutions portfolio, evidenced by the recent expansion of its Urbanization Solutions busi Q3 2025. This plant will produce mortar with at least a 30% lower carbon footprint compared to standard products.