GRUPO AEROPORTUARIO PAC-ADR (PAC) Stock Fundamental Analysis
NYSE:PAC - New York Stock Exchange, Inc. - US4005061019 - ADR - Currency: USD
Taking everything into account, PAC scores 5 out of 10 in our fundamental rating. PAC was compared to 7 industry peers in the Transportation Infrastructure industry. PAC scores excellent on profitability, but there are concerns on its financial health. PAC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PAC was profitable.
PAC had a positive operating cash flow in the past year.
In the past 5 years PAC has always been profitable.
PAC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 11.06%, PAC is doing good in the industry, outperforming 71.43% of the companies in the same industry.
The Return On Equity of PAC (43.40%) is better than 85.71% of its industry peers.
PAC's Return On Invested Capital of 18.59% is amongst the best of the industry. PAC outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.06% | ||
| ROE | 43.4% | ||
| ROIC | 18.59% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of PAC (26.45%) is better than 71.43% of its industry peers.
PAC's Profit Margin has declined in the last couple of years.
PAC has a Operating Margin of 44.30%. This is in the better half of the industry: PAC outperforms 71.43% of its industry peers.
PAC's Operating Margin has declined in the last couple of years.
The Gross Margin of PAC (100.00%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of PAC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.3% | ||
| PM (TTM) | 26.45% | ||
| GM | 100% |
OM growth 3Y-1.3%
OM growth 5Y-1.95%
PM growth 3Y-6.7%
PM growth 5Y-4.96%
GM growth 3Y14.53%
GM growth 5Y6.99%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PAC is creating some value.
PAC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
PAC has an Altman-Z score of 3.40. This indicates that PAC is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.40, PAC is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
PAC has a debt to FCF ratio of 6.29. This is a slightly negative value and a sign of low solvency as PAC would need 6.29 years to pay back of all of its debts.
The Debt to FCF ratio of PAC (6.29) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.76 is on the high side and indicates that PAC has dependencies on debt financing.
PAC has a Debt to Equity ratio of 1.76. This is amonst the worse of the industry: PAC underperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 6.29 | ||
| Altman-Z | 3.4 |
ROIC/WACC1.18
WACC15.8%
2.3 Liquidity
PAC has a Current Ratio of 0.96. This is a bad value and indicates that PAC is not financially healthy enough and could expect problems in meeting its short term obligations.
PAC's Current ratio of 0.96 is on the low side compared to the rest of the industry. PAC is outperformed by 71.43% of its industry peers.
PAC has a Quick Ratio of 0.96. This is a bad value and indicates that PAC is not financially healthy enough and could expect problems in meeting its short term obligations.
PAC has a worse Quick ratio (0.96) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
PAC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.30%.
PAC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.44% yearly.
PAC shows a small growth in Revenue. In the last year, the Revenue has grown by 1.17%.
PAC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.68% yearly.
EPS 1Y (TTM)-11.3%
EPS 3Y13.59%
EPS 5Y11.44%
EPS Q2Q%-12.92%
Revenue 1Y (TTM)1.17%
Revenue growth 3Y20.91%
Revenue growth 5Y15.68%
Sales Q2Q%5.43%
3.2 Future
PAC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.32% yearly.
The Revenue is expected to grow by 18.69% on average over the next years. This is quite good.
EPS Next Y32.66%
EPS Next 2Y27.73%
EPS Next 3Y24.02%
EPS Next 5Y22.32%
Revenue Next Year32.67%
Revenue Next 2Y19.2%
Revenue Next 3Y16.38%
Revenue Next 5Y18.69%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 23.12 indicates a rather expensive valuation of PAC.
PAC's Price/Earnings is on the same level as the industry average.
PAC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.88, which is the current average of the S&P500 Index.
PAC is valuated rather expensively with a Price/Forward Earnings ratio of 17.42.
PAC's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of PAC to the average of the S&P500 Index (21.20), we can say PAC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.12 | ||
| Fwd PE | 17.42 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PAC is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as PAC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.06 | ||
| EV/EBITDA | 13.42 |
4.3 Compensation for Growth
PAC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of PAC may justify a higher PE ratio.
PAC's earnings are expected to grow with 24.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.71
PEG (5Y)2.02
EPS Next 2Y27.73%
EPS Next 3Y24.02%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.74%, PAC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.98, PAC pays a better dividend. On top of this PAC pays more dividend than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, PAC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
5.2 History
The dividend of PAC is nicely growing with an annual growth rate of 29.71%!
PAC has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of PAC decreased in the last 3 years.
Dividend Growth(5Y)29.71%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
PAC pays out 44.34% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of PAC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP44.34%
EPS Next 2Y27.73%
EPS Next 3Y24.02%
NYSE:PAC (5/1/2025, 1:15:59 PM)
201.59
-3.92 (-1.91%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners35.43%
Inst Owner Change0.19%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap10.19B
Analysts70.91
Price Target200.32 (-0.63%)
Short Float %0.79%
Short Ratio4.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
Yearly Dividend7.62
Dividend Growth(5Y)29.71%
DP44.34%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.74%
Min EPS beat(2)-11.38%
Max EPS beat(2)1.91%
EPS beat(4)3
Avg EPS beat(4)5.29%
Min EPS beat(4)-11.38%
Max EPS beat(4)18.83%
EPS beat(8)4
Avg EPS beat(8)0.12%
EPS beat(12)8
Avg EPS beat(12)6.41%
EPS beat(16)11
Avg EPS beat(16)6.99%
Revenue beat(2)1
Avg Revenue beat(2)-4.88%
Min Revenue beat(2)-12.01%
Max Revenue beat(2)2.24%
Revenue beat(4)3
Avg Revenue beat(4)1.46%
Min Revenue beat(4)-12.01%
Max Revenue beat(4)9.94%
Revenue beat(8)6
Avg Revenue beat(8)3.66%
Revenue beat(12)9
Avg Revenue beat(12)2.32%
Revenue beat(16)11
Avg Revenue beat(16)1.18%
PT rev (1m)2.69%
PT rev (3m)7.65%
EPS NQ rev (1m)-0.13%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)-1.42%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.96%
Revenue NY rev (1m)2.79%
Revenue NY rev (3m)3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.12 | ||
| Fwd PE | 17.42 | ||
| P/S | 6 | ||
| P/FCF | 26.06 | ||
| P/OCF | 12.7 | ||
| P/B | 9.85 | ||
| P/tB | 20.42 | ||
| EV/EBITDA | 13.42 |
EPS(TTM)8.72
EY4.33%
EPS(NY)11.57
Fwd EY5.74%
FCF(TTM)7.74
FCFY3.84%
OCF(TTM)15.87
OCFY7.87%
SpS33.58
BVpS20.47
TBVpS9.87
PEG (NY)0.71
PEG (5Y)2.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.06% | ||
| ROE | 43.4% | ||
| ROCE | 24.92% | ||
| ROIC | 18.59% | ||
| ROICexc | 25.42% | ||
| ROICexgc | 33.57% | ||
| OM | 44.3% | ||
| PM (TTM) | 26.45% | ||
| GM | 100% | ||
| FCFM | 23.04% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-1.3%
OM growth 5Y-1.95%
PM growth 3Y-6.7%
PM growth 5Y-4.96%
GM growth 3Y14.53%
GM growth 5Y6.99%
F-Score6
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 6.29 | ||
| Debt/EBITDA | 2.03 | ||
| Cap/Depr | 284.23% | ||
| Cap/Sales | 24.24% | ||
| Interest Coverage | 3.59 | ||
| Cash Conversion | 89.49% | ||
| Profit Quality | 87.09% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 3.4 |
F-Score6
WACC15.8%
ROIC/WACC1.18
Cap/Depr(3y)343.67%
Cap/Depr(5y)286.05%
Cap/Sales(3y)28.52%
Cap/Sales(5y)27.64%
Profit Quality(3y)61.49%
Profit Quality(5y)61.53%
High Growth Momentum
Growth
EPS 1Y (TTM)-11.3%
EPS 3Y13.59%
EPS 5Y11.44%
EPS Q2Q%-12.92%
EPS Next Y32.66%
EPS Next 2Y27.73%
EPS Next 3Y24.02%
EPS Next 5Y22.32%
Revenue 1Y (TTM)1.17%
Revenue growth 3Y20.91%
Revenue growth 5Y15.68%
Sales Q2Q%5.43%
Revenue Next Year32.67%
Revenue Next 2Y19.2%
Revenue Next 3Y16.38%
Revenue Next 5Y18.69%
EBIT growth 1Y-4.34%
EBIT growth 3Y19.34%
EBIT growth 5Y13.42%
EBIT Next Year56.05%
EBIT Next 3Y27.42%
EBIT Next 5Y19.22%
FCF growth 1Y109.87%
FCF growth 3Y12.82%
FCF growth 5Y9.2%
OCF growth 1Y10.13%
OCF growth 3Y14.54%
OCF growth 5Y15.35%