Education
About Us
Working with TipRanks
Follow Us
Cementos Pacasmayo S.a.a. (CPAC)
:CPAC
Top Page
Cementos Pacasmayo SAA
(NYSE:CPAC)
Rating:81Outperform
Price Target:
$7.00
▲(12.00%Upside)
Cementos Pacasmayo SAA (CPAC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$560.52M
Dividend Yield1.35%
Average Volume (3M)8.70K
Price to Earnings (P/E)9.4
Beta (1Y)-0.10
Revenue Growth3.95%
EPS Growth27.28%
CountryUS
Employees1,698
SectorBasic Materials
Sector Strength73
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.15
Shares Outstanding84,773,690
10 Day Avg. Volume5,076
30 Day Avg. Volume8,696
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)1.50
Price to Sales (P/S)0.00
P/FCF Ratio6.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$6.40Price Target Upside2.40% Upside
Rating ConsensusHold
Number of Analyst Covering1
Cementos Pacasmayo SAA Business Overview & Revenue Model
Company DescriptionCementos Pacasmayo S.A.A., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. The company operates through three segments: Cement, Concrete and Precast; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products. The company also produces and distributes quicklime for use in steel, food, fishing, chemical, mining, agriculture, and other industries. In addition, it sells and distributes other construction materials manufactured by third parties, such as steel rebars, cables, and pipes. As of March 31, 2022, the company operated a network of 240 independent retailers and 379 hardware stores. It also sells its cement products directly to other retailers, private construction companies, and government entities. The company was incorporated in 1949 and is headquartered in Lima, Peru. Cementos Pacasmayo S.A.A. operates as a subsidiary of Inversiones ASPI S.A.
How the Company Makes MoneyCementos Pacasmayo SAA generates revenue through the sale of its core products, which include cement, concrete, quicklime, and pre-mixed products. The company operates an extensive distribution network that enables it to reach various customers, including construction companies, retailers, and individual consumers. Cement sales are the primary revenue stream, supported by concrete and other building materials. Additionally, Cementos Pacasmayo benefits from strategic partnerships and a strong presence in key regions, contributing to its market share and financial performance. The company's ability to innovate and adapt to market demands, alongside its focus on geographic expansion, further supports its revenue generation efforts.
Cementos Pacasmayo SAA Earnings Call Summary
Earnings Call Date:Jul 22, 2025
(Q2-2025)
| % Change Since: 2.46%|
Next Earnings Date:Oct 22, 2025
Earnings Call Sentiment Positive
The earnings call highlighted several positive aspects, such as strong sales volume recovery, increased EBITDA, and notable achievements in public-private collaborations and talent management. However, these were partially offset by increased administrative and selling expenses and a decline in the gross margin for some segments.Q2-2025 Updates
Positive Updates
Strong Sales Volume Recovery
Sales volume increased by 7.1% year-over-year, driven by stronger demand for cement and concrete, primarily for infrastructure projects.
Increased EBITDA and Profit Margin
Consolidated EBITDA was PEN 130.2 million, reflecting a 9% increase compared to the same period last year. Additionally, net profit increased by 29.9% due to higher revenues, gross profit, and reduced financing expenses.
Recognition in Talent Management
For the seventh consecutive year, the company was recognized as a top-ranked cement company in the MERCO Talent index and ranked 19th overall across all industries.
Public-Private Collaboration Success
The company committed over $100 million this year to the Obras por Impuestos program, demonstrating significant contributions to public infrastructure projects.
Positive Financial Performance
Revenues increased by 5.9% compared to the second quarter of 2024. Gross profit increased by 11.2% year-over-year due to efficiencies and lower raw material costs.
Negative Updates
Increased Administrative and Selling Expenses
Administrative expenses increased by 13.8% in Q2 2025 and 17.9% for the first half of the year, mainly due to higher personnel expenses related to union bonuses. Selling expenses increased by 28% in Q2 2025.
Gross Margin Decline in Concrete Segment
Gross margin for concrete, pavement, and mortar sales decreased by 3.2 percentage points in Q2 2025, primarily due to the Piura Airport project's execution challenges and increased costs.
Company Guidance
During the 2025 Q2 earnings call, Cementos Pacasmayo reported a 7.1% year-over-year increase in sales volume, driven by heightened demand in infrastructure projects. The company's consolidated EBITDA rose by 9% to PEN 130.2 million, while revenues increased by 5.9% to reach PEN 484.1 million. Gross profit also saw an 11.2% rise, attributable to higher revenue and raw material cost increases. On the operational front, administrative expenses grew by 13.8% due to personnel costs linked to union bonuses, while selling expenses increased by 28% due to higher advertising and promotional efforts. Net profit surged by 29.9%, aided by increased revenues, gross profit, and reduced financing expenses. The company maintained a net debt-to-EBITDA ratio of 2.6x. Looking ahead, Cementos Pacasmayo anticipates high single-digit volume growth, with EBITDA margins expected to remain between 28% and 29%, and it plans to continue distributing dividends at consistent levels with previous years.Cementos Pacasmayo SAA Financial Statement Overview
Summary
Cementos Pacasmayo SAA presents a strong financial profile with consistent profitability and efficient cash flow management. The income statement highlights stable margins with modest revenue growth, while the balance sheet reflects a conservative financial strategy with low leverage. The company's cash flow performance is particularly commendable, reflecting efficient cash generation and allocation. Continued focus on revenue growth and further liability reduction could enhance overall financial stability.Income Statement
Cementos Pacasmayo SAA demonstrates a solid financial performance with strong gross and net profit margins in the TTM (Trailing-Twelve-Months). The gross profit margin is approximately 36.9% and the net profit margin stands at around 10.1%. The revenue growth rate from the previous annual period is about 1.1%, indicating stable revenue growth. EBIT and EBITDA margins are also healthy at 19.7% and 27.1%, respectively. The company shows consistent profitability, although revenue growth is modest.78
Positive
Balance Sheet
The balance sheet of Cementos Pacasmayo SAA reflects a moderate financial position. The debt-to-equity ratio is low, indicating conservative leverage. The return on equity (ROE) is approximately 16.0%, showcasing efficient use of equity to generate profits. The equity ratio is around 39.7%, reflecting a balanced approach to financing with a good portion of assets funded by equity, but there is room for improvement in reducing liabilities.72
Positive
Cash Flow
The company's cash flow demonstrates strong operational efficiency. The free cash flow growth rate is a substantial 19.1% from the previous annual period, indicating robust cash generation capabilities. The operating cash flow to net income ratio is approximately 1.96, reflecting solid cash earnings. The free cash flow to net income ratio is around 1.51, which is a positive indicator of cash flow strength relative to profitability.81
Very Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.98B | 1.95B | 2.12B | 1.94B | 1.30B |
| Gross Profit | 728.53M | 689.45M | 652.03M | 559.43M | 375.29M |
| EBITDA | 536.23M | 490.66M | 477.71M | 453.82M | 315.33M |
| Net Income | 198.88M | 168.90M | 176.83M | 153.17M | 57.89M |
Balance Sheet | |||||
| Total Assets | 3.17B | 3.22B | 3.31B | 3.20B | 3.02B |
| Cash, Cash Equivalents and Short-Term Investments | 72.72M | 90.19M | 168.67M | 273.40M | 308.91M |
| Total Debt | 1.50B | 1.58B | 4.36M | 5.83M | 1.21B |
| Total Liabilities | 1.95B | 2.03B | 2.12B | 2.01B | 1.65B |
| Stockholders Equity | 1.21B | 1.19B | 1.20B | 1.20B | 1.37B |
Cash Flow | |||||
| Free Cash Flow | 256.82M | 123.02M | -66.68M | 76.02M | 278.82M |
| Operating Cash Flow | 321.14M | 412.32M | 111.82M | 170.56M | 331.37M |
| Investing Cash Flow | -76.61M | -289.44M | -176.19M | -91.82M | -48.42M |
| Financing Cash Flow | -261.34M | -115.44M | -121.48M | -130.09M | -43.85M |
Cementos Pacasmayo SAA Technical Analysis
Positive
6.25
Price Trends
5.93
Positive
5.77
Positive
5.73
Positive
Market Momentum
0.08
Negative
61.02
Neutral
84.37
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPAC, the sentiment is Positive. The current price of 6.25 is above the 20-day moving average (MA) of 6.10, above the 50-day MA of 5.93, and above the 200-day MA of 5.73, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 61.02 is Neutral, neither overbought nor oversold. The STOCH value of 84.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CPAC.
Cementos Pacasmayo SAA Risk Analysis
Cementos Pacasmayo SAA disclosed 47 risk factors in its most recent earnings report. Cementos Pacasmayo SAA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We are incorporating artificial intelligence technologies into our processes. These technologies may present business, compliance, and reputational risks. Q4, 2023
2.
Evolving expectations and/or requirements for reporting on or implementing environmental, social and governance (ESG) programs could increase our costs, and failure to meet expectations or requirements could adversely affect our sales and results of operations. Q4, 2023
3.
Our operations are subject to physical challenges related to climate change. Q4, 2023
Cementos Pacasmayo SAA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $560.52M | 9.36 | 16.29% | 1.35% | 3.95% | 27.28% | |
78 Outperform | $35.55B | 38.15 | 12.10% | 0.71% | -2.24% | 3.00% | |
77 Outperform | $7.23B | 16.08 | 33.52% | 0.56% | 0.05% | 0.96% | |
72 Outperform | $12.04B | 8.26 | 6.58% | 1.02% | -8.41% | 570.14% | |
69 Neutral | $34.65B | 33.05 | 11.88% | 0.68% | -0.54% | -48.61% | |
67 Neutral | $1.33B | 13.13 | 14.05% | ― | -37.30% | 32.91% | |
63 Neutral | $10.60B | 10.34 | 1.36% | 2.89% | 2.35% | -33.38% |
* Basic Materials Sector Average
Performance Comparison
CPAC
Cementos Pacasmayo SAA
6.25
1.20
23.76%
CX
Cemex SAB
8.25
1.97
31.37%
EXP
Eagle Materials
220.04
-14.58
-6.21%
MLM
Martin Marietta Materials
581.44
37.61
6.92%
VMC
Vulcan Materials
271.42
19.58
7.77%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
11.45
4.96
76.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.