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Grupo Aeroportuario Del Pacifico (PAC)
NYSE:PAC

Grupo Aeroportuario del Pacifico (PAC) AI Stock Analysis

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PAC

Grupo Aeroportuario del Pacifico

(NYSE:PAC)

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Neutral 65 (OpenAI - 5.2)
Rating:65Neutral
Price Target:
$277.00
▲(7.69% Upside)
Grupo Aeroportuario del Pacifico's strong financial performance and attractive dividend yield are significant strengths. The positive earnings call further supports the stock's potential. However, technical indicators suggest caution, and high leverage remains a risk. Investors should monitor revenue growth and debt management closely.
Positive Factors
Revenue Growth
Strong revenue growth indicates effective business operations and market demand, supporting long-term financial health and expansion potential.
Route Expansion
Expanding routes enhances connectivity and passenger traffic, strengthening market position and revenue diversification over the long term.
Cash Flow Management
Robust cash reserves provide financial flexibility for strategic investments and buffer against economic fluctuations, ensuring stability.
Negative Factors
International Passenger Traffic Decline
Declining international traffic can impact revenue streams and growth, necessitating strategic adjustments to maintain competitiveness.
Cost of Services Increase
Rising service costs could pressure margins, requiring efficiency improvements to sustain profitability over time.
EBITDA Margin Decline
A declining EBITDA margin may affect profitability, necessitating cost control measures to maintain financial performance.

Grupo Aeroportuario del Pacifico (PAC) vs. SPDR S&P 500 ETF (SPY)

Grupo Aeroportuario del Pacifico Business Overview & Revenue Model

Company DescriptionGrupo Aeroportuario del Pacífico, S.A.B. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. It operates 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Josédel Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.
How the Company Makes MoneyGrupo Aeroportuario del Pacifico generates revenue primarily through airport usage fees charged to airlines, which include landing and takeoff fees, as well as passenger service charges collected from travelers. Additional revenue streams come from commercial activities within the airports, such as retail concessions, food and beverage sales, and advertising spaces. The company also benefits from non-aeronautical revenues, including leasing spaces to businesses that operate within airport terminals. Strategic partnerships with airlines and tourism boards, along with investments in infrastructure improvements, further enhance revenue potential by increasing passenger traffic and operational efficiency.

Grupo Aeroportuario del Pacifico Earnings Call Summary

Earnings Call Date:Oct 21, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue growth and successful expansion of new routes, suggesting positive momentum. However, challenges such as a decline in international passenger traffic and increased operational costs were notable concerns.
Q3-2025 Updates
Positive Updates
Revenue Growth
Total revenues increased by 17.4% compared to the third quarter of 2024, driven by both aeronautical and non-aeronautical business performance.
Aeronautical Revenue Increase
Aeronautical revenue grew by 18.3%, reflecting new maximum tariffs and adjustments made in September.
Non-Aeronautical Revenue Performance
Non-aeronautical revenues increased by 15.6%, with a notable 30.1% rise from GAP-operated businesses, largely due to cargo and bonded warehouse consolidation.
New Routes and Connectivity
8 new international routes to Canada and a new connection from Los Cabos to Panama were announced, enhancing passenger traffic.
Strong Liquidity Position
GAP reported a strong liquidity position with MXN 11.7 billion in cash and cash equivalents as of September 30, 2025.
Negative Updates
International Passenger Traffic Decline
International passenger traffic declined due to U.S. immigration-related challenges and ongoing Pratt & Whitney engine issues affecting Volaris and Viva Aerobus.
Cost of Services Increase
Cost of services increased by 14.1%, partly due to new regulations requiring GAP to operate jet bridges and airport buses directly.
EBITDA Margin Decline
EBITDA margin decreased to 64.3%, impacted by a change in concession fees for Mexican airports from 5% to 9%.
Company Guidance
During GAP's Third Quarter 2025 Conference Call, significant metrics were highlighted, showcasing the company's performance and future plans. Total passenger traffic across GAP's 14 airports increased by 2.5% year-over-year, with the quarter seeing 15.8 million passengers. Despite international passenger traffic declines, driven by immigration challenges and Pratt & Whitney engine issues affecting Volaris and Viva Aerobus, domestic demand showed sustained recovery. New routes, including eight international routes to Canada and a direct connection from Los Cabos to Panama, are expected to boost future traffic. Revenue growth was strong, with total revenues up by 17.4% compared to Q3 2024, driven by aeronautical revenue growth of 18.3% and non-aeronautical revenue growth of 15.6%. The company also reported an EBITDA increase of 12.8%, reaching MXN 5.1 billion, with a margin of 64.3%. In terms of financial management, GAP issued two new bond certifications for MXN 8.5 billion and maintained a robust liquidity position with MXN 11.7 billion in cash and equivalents as of September 30. Looking ahead, GAP plans to continue optimizing its commercial offering and expand its network, while also considering strategic expansion opportunities such as the potential acquisition of Motiva Airports.

Grupo Aeroportuario del Pacifico Financial Statement Overview

Summary
Grupo Aeroportuario del Pacifico shows strong profitability and cash flow generation, which are critical strengths. However, challenges with declining revenue growth and high leverage could impact financial stability. Continued focus on managing debt levels and improving revenue growth will be essential for sustaining financial health.
Income Statement
65
Positive
The company shows strong profitability with a consistent EBIT margin above 44% and a net profit margin above 23% in the TTM. However, revenue growth has been negative recently, indicating potential challenges in maintaining top-line growth. The gross profit margin has decreased significantly from previous years, which could impact future profitability.
Balance Sheet
55
Neutral
The balance sheet reveals a high debt-to-equity ratio, indicating significant leverage, which poses a risk in volatile market conditions. However, the return on equity remains strong, reflecting efficient use of equity to generate profits. The equity ratio is relatively low, suggesting a reliance on debt financing.
Cash Flow
70
Positive
The company has a healthy operating cash flow to net income ratio, indicating strong cash generation relative to reported earnings. Despite a recent decline in free cash flow growth, the free cash flow to net income ratio remains robust, supporting the company's ability to fund operations and investments.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue34.31B26.78B33.22B27.38B19.01B11.87B
Gross Profit23.93B20.67B19.41B14.54B9.38B4.10B
EBITDA20.85B18.11B18.68B16.10B10.90B5.82B
Net Income10.29B8.61B9.54B9.01B6.00B1.97B
Balance Sheet
Total Assets4.52B81.65B67.44B60.51B55.32B51.36B
Cash, Cash Equivalents and Short-Term Investments636.55M13.47B10.06B12.37B13.33B14.44B
Total Debt2.90B48.03B40.62B34.41B27.92B24.38B
Total Liabilities3.25B57.03B46.50B40.68B34.89B28.51B
Stockholders Equity1.15B22.35B19.78B18.64B19.29B21.79B
Cash Flow
Free Cash Flow7.97B8.83B3.49B4.09B6.15B406.46M
Operating Cash Flow17.19B16.67B13.93B12.52B11.10B3.57B
Investing Cash Flow-9.97B-8.78B-11.09B-8.48B-4.97B-3.22B
Financing Cash Flow-11.49B-5.02B-4.79B-4.93B-7.35B6.29B

Grupo Aeroportuario del Pacifico Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price257.23
Price Trends
50DMA
244.31
Positive
100DMA
239.62
Positive
200DMA
228.29
Positive
Market Momentum
MACD
4.82
Positive
RSI
48.02
Neutral
STOCH
27.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAC, the sentiment is Neutral. The current price of 257.23 is below the 20-day moving average (MA) of 266.05, above the 50-day MA of 244.31, and above the 200-day MA of 228.29, indicating a neutral trend. The MACD of 4.82 indicates Positive momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 27.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PAC.

Grupo Aeroportuario del Pacifico Risk Analysis

Grupo Aeroportuario del Pacifico disclosed 64 risk factors in its most recent earnings report. Grupo Aeroportuario del Pacifico 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 0 New Risks

Grupo Aeroportuario del Pacifico Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$5.15B18.9353.28%4.03%-2.04%-3.82%
73
Outperform
$9.68B17.0224.69%11.85%8.70%-21.15%
71
Outperform
$4.22B22.6113.25%14.87%-47.71%
65
Neutral
$13.37B26.3046.45%4.46%11.58%1.15%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
PAC
Grupo Aeroportuario del Pacifico
257.23
74.98
41.14%
OMAB
Grupo Aeroportuario Del Centro
106.48
32.18
43.31%
ASR
Grupo Aeroportuario del Sureste
317.49
74.46
30.64%
CAAP
Corporacion America Airports SA
25.58
5.69
28.61%

Grupo Aeroportuario del Pacifico Corporate Events

Grupo Aeroportuario del Pacífico Posts Flat December Traffic as Hurricane Melissa Hits Jamaican Operations
Jan 6, 2026

On January 6, 2026, Grupo Aeroportuario del Pacífico reported that total terminal passenger traffic across its network rose 0.1% year-on-year in December 2025, with its 12 Mexican airports posting a solid 4.2% increase driven by strong double-digit gains in Guadalajara and continued growth in Puerto Vallarta, Mexicali, La Paz and other regional facilities. However, this growth was largely offset by a 6.2% decline in international traffic, mainly due to a 43.8% plunge in passengers at Jamaica’s Montego Bay airport and a smaller drop in Kingston, reflecting significant operational disruption from Hurricane Melissa and underlining the company’s exposure to weather-related risks in its Caribbean assets.

The most recent analyst rating on (PAC) stock is a Hold with a $260.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

Grupo Aeroportuario del Pacífico Secures Shareholder Approval for Strategic Merger
Dec 11, 2025

On December 11, 2025, Grupo Aeroportuario del Pacífico (GAP) announced that its shareholders approved the business combination of Cross Border Xpress (CBX) and the provision of technical assistance and technology transfer services. This approval, with a 96% vote in favor, will lead to the issuance of approximately 90 million new shares, increasing the total to around 595 million shares. The merger marks a significant step in GAP’s strategic development, allowing it to consolidate its control over merged entities and enhance its operational capabilities.

The most recent analyst rating on (PAC) stock is a Hold with a $234.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

Grupo Aeroportuario del Pacífico Reports Mixed Passenger Traffic for November 2025
Dec 5, 2025

In November 2025, Grupo Aeroportuario del Pacífico reported a 2.0% decrease in total passenger traffic compared to the previous year. While Mexican airports like Guadalajara and Puerto Vallarta saw increases in traffic, Montego Bay in Jamaica experienced a significant 73.4% decline due to Hurricane Melissa. This mixed performance reflects the varying impacts of external factors on GAP’s operations, potentially affecting its market position and stakeholder interests.

The most recent analyst rating on (PAC) stock is a Hold with a $234.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

Grupo Aeroportuario del Pacífico Announces Shareholders’ Meeting for Strategic Merger
Nov 17, 2025

On November 14, 2025, Grupo Aeroportuario del Pacífico announced a General Ordinary and Extraordinary Shareholders’ Meeting scheduled for December 11, 2025. The meeting aims to discuss the merger of various entities into GAP, including the integration of technical assistance services and Cross Border Xpress, enhancing operational efficiency. This strategic move could significantly impact GAP’s operations by consolidating essential services and expanding its cross-border infrastructure, potentially strengthening its market position and offering benefits to stakeholders.

The most recent analyst rating on (PAC) stock is a Buy with a $237.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

Grupo Aeroportuario del Pacífico Proposes Strategic Business Combination
Nov 4, 2025

On November 3, 2025, Grupo Aeroportuario del Pacífico (GAP) announced a proposal to its shareholders for a business combination involving technical assistance services and the Cross Border Xpress (CBX) terminal in San Diego. This strategic move aims to internalize technical services to enhance operational autonomy and profitability while acquiring full control of CBX, a key infrastructure for Tijuana International Airport. The CBX has shown significant growth, serving millions of passengers and generating substantial EBITDA, making it a vital asset for GAP’s geographic and currency diversification strategy. The proposal, supported by financial and legal advisors, is part of GAP’s broader development plan to issue new shares and assume financial responsibilities, subject to shareholder approval.

The most recent analyst rating on (PAC) stock is a Buy with a $237.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

Grupo Aeroportuario del Pacífico Updates on Hurricane Melissa’s Impact in Jamaica
Oct 30, 2025

On October 29, 2025, Grupo Aeroportuario del Pacífico announced that Kingston Airport in Jamaica resumed operations for humanitarian aid flights after Hurricane Melissa, with commercial flights set to resume on October 30, 2025. While Kingston Airport’s infrastructure was deemed safe, Montego Bay Airport remains closed as assessments continue. GAP is coordinating with local authorities to ensure safety and aid in recovery efforts, reaffirming its commitment to Jamaica.

The most recent analyst rating on (PAC) stock is a Buy with a $237.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

Grupo Aeroportuario del Pacífico Faces Operational Disruptions in Jamaica Due to Hurricane Melissa
Oct 29, 2025

On October 25 and 26, 2025, Grupo Aeroportuario del Pacífico (GAP) had to suspend operations at Kingston and Montego Bay airports in Jamaica due to Hurricane Melissa, a Category 5 storm. The company is prioritizing safety and working to resume operations to facilitate humanitarian aid. The Jamaican airports accounted for 11% of GAP’s passenger traffic and 8.8% of its consolidated EBITDA in the first nine months of 2025.

The most recent analyst rating on (PAC) stock is a Buy with a $237.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

Grupo Aeroportuario del Pacífico Reports Q3 2025 Financial Results and Route Expansions
Oct 21, 2025

In its third-quarter results for 2025, Grupo Aeroportuario del Pacífico reported a 16.3% increase in total revenues compared to the same period in 2024, driven by a rise in both aeronautical and non-aeronautical services. Despite a decrease in comprehensive income by 6.2%, the company saw a 2.5% growth in passenger traffic and introduced several new domestic and international routes. The company also issued long-term bonds to finance capital investments and refinance existing debt, indicating a strategic focus on expansion and financial stability.

The most recent analyst rating on (PAC) stock is a Buy with a $263.00 price target. To see the full list of analyst forecasts on Grupo Aeroportuario del Pacifico stock, see the PAC Stock Forecast page.

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.Date of analysis: Nov 18, 2025