Financials Grupo Aeroportuario del Pacífico, S.A.B. de C.V. Buenos Aires S.E.

Equities

PAC

ARDEUT115177

Airport Services

End-of-day quote Buenos Aires S.E. 03:30:00 24/06/2024 am IST 5-day change 1st Jan Change
13,433 ARS -4.05% Intraday chart for Grupo Aeroportuario del Pacífico, S.A.B. de C.V. +2.87% +27.28%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,18,081 1,16,751 1,44,551 1,41,048 1,49,779 1,45,858 - -
Enterprise Value (EV) 1 1,26,813 1,25,553 1,56,750 1,41,048 1,74,139 1,76,835 1,79,283 1,80,806
P/E ratio 25.1 x 57.1 x 21.9 x 15.6 x 15.6 x 17.5 x 14.5 x 11.6 x
Yield 3.75% - - - 5.01% 4.36% 4.78% 5.63%
Capitalization / Revenue 7.28 x 9.84 x 7.6 x 5.15 x 4.51 x 4.43 x 4.17 x 3.67 x
EV / Revenue 7.82 x 10.6 x 8.24 x 5.15 x 5.24 x 5.37 x 5.12 x 4.55 x
EV / EBITDA 12.9 x 21.6 x 14.4 x 8.75 x 9.85 x 10.3 x 8.87 x 7.75 x
EV / FCF 22.3 x 309 x 25.5 x - 49.9 x 11.3 x 20.7 x 20.4 x
FCF Yield 4.48% 0.32% 3.92% - 2% 8.81% 4.82% 4.91%
Price to Book 6.42 x 5.72 x 8.21 x - 7.57 x 6.98 x 6.34 x 5.43 x
Nbr of stocks (in thousands) 5,25,576 5,25,576 5,12,302 5,05,277 5,05,277 5,05,277 - -
Reference price 2 224.7 222.1 282.2 279.2 296.4 288.7 288.7 288.7
Announcement Date 20/02/20 25/02/21 22/02/22 21/02/23 26/02/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,226 11,866 19,015 27,380 33,224 32,920 34,986 39,721
EBITDA 1 9,793 5,820 10,908 16,128 17,684 17,130 20,216 23,330
EBIT 1 8,017 3,820 8,857 13,814 15,139 14,492 16,777 19,470
Operating Margin 49.41% 32.19% 46.58% 50.45% 45.57% 44.02% 47.95% 49.02%
Earnings before Tax (EBT) 1 7,346 2,386 7,829 12,276 12,762 12,419 14,641 17,543
Net income 1 4,937 2,165 6,510 9,043 9,621 8,616 10,599 12,781
Net margin 30.43% 18.24% 34.24% 33.03% 28.96% 26.17% 30.3% 32.18%
EPS 2 8.934 3.892 12.86 17.90 19.04 16.49 19.97 24.82
Free Cash Flow 1 5,685 406.5 6,149 - 3,491 15,585 8,649 8,877
FCF margin 35.04% 3.43% 32.34% - 10.51% 47.34% 24.72% 22.35%
FCF Conversion (EBITDA) 58.05% 6.98% 56.37% - 19.74% 90.98% 42.78% 38.05%
FCF Conversion (Net income) 115.15% 18.78% 94.45% - 36.28% 180.88% 81.6% 69.46%
Dividend per Share 2 8.420 - - - 14.84 12.57 13.79 16.24
Announcement Date 20/02/20 25/02/21 22/02/22 21/02/23 26/02/24 - - -
1MXN in Million2MXN
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 5,188 6,013 6,610 6,752 8,006 8,340 8,360 7,393 9,132 8,495 8,330 8,127 8,166 6,682 -
EBITDA 1 3,255 3,708 4,082 4,085 4,252 4,696 4,577 4,270 4,142 4,649 4,210 4,034 4,111 4,580 -
EBIT 1 2,736 3,144 3,519 3,497 3,654 4,078 3,956 3,650 3,455 3,986 3,656 3,526 3,562 3,964 -
Operating Margin 52.73% 52.29% 53.23% 51.8% 45.65% 48.9% 47.32% 49.37% 37.83% 46.92% 43.88% 43.39% 43.62% 59.32% -
Earnings before Tax (EBT) 1 2,407 2,871 3,230 3,270 2,904 3,404 3,447 3,106 2,805 3,392 3,346 3,333 3,446 - -
Net income 1 1,923 2,222 2,365 2,663 1,817 2,561 2,488 2,379 2,249 2,439 2,308 2,299 2,377 - -
Net margin 37.05% 36.95% 35.77% 39.44% 22.7% 30.71% 29.77% 32.18% 24.63% 28.71% 27.71% 28.29% 29.11% - -
EPS 2 3.821 4.390 4.650 5.270 3.597 4.255 4.925 4.708 4.451 4.827 3.977 3.997 4.074 3.836 3.774
Dividend per Share 2 - - 7.200 7.200 - - 3.710 3.710 3.710 - 2.802 2.792 2.847 - -
Announcement Date 22/02/22 25/04/22 25/07/22 21/10/22 21/02/23 17/04/23 24/07/23 23/10/23 26/02/24 23/04/24 - - - - -
1MXN in Million2MXN
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,732 8,801 12,199 - 24,359 30,976 33,425 34,948
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.8916 x 1.512 x 1.118 x - 1.377 x 1.808 x 1.653 x 1.498 x
Free Cash Flow 1 5,685 406 6,149 - 3,491 15,585 8,649 8,877
ROE (net income / shareholders' equity) 24.5% 10.5% 31.7% - 47.2% 39.4% 41% 38.9%
ROA (Net income/ Total Assets) 12.2% 4.66% 12.2% - 15% 13.1% 14.2% 17.6%
Assets 1 40,564 46,469 53,342 - 63,975 65,584 74,699 72,522
Book Value Per Share 2 35.00 38.80 34.40 - 39.20 41.30 45.60 53.20
Cash Flow per Share 2 14.60 6.360 21.90 - 27.60 30.70 31.20 28.20
Capex 1 2,479 3,160 4,947 - 10,444 9,243 9,243 8,404
Capex / Sales 15.28% 26.63% 26.02% - 31.44% 28.08% 26.42% 21.16%
Announcement Date 20/02/20 25/02/21 22/02/22 21/02/23 26/02/24 - - -
1MXN in Million2MXN
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
288.7 MXN
Average target price
329.6 MXN
Spread / Average Target
+14.19%
Consensus
  1. Stock Market
  2. Equities
  3. GAP B Stock
  4. PAC Stock
  5. Financials Grupo Aeroportuario del Pacífico, S.A.B. de C.V.