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Grupo Aeroportuario Del Pacifico (PAC)
:PAC
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Grupo Aeroportuario del Pacifico
(NYSE:PAC)
Select Model
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Rating:74Outperform
Price Target:
$282.00
▲(13.45% Upside)
Grupo Aeroportuario del Pacifico's strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. The technical analysis suggests caution due to overbought conditions, and the valuation indicates a potential overvaluation. However, the attractive dividend yield provides a counterbalance for income investors.
Grupo Aeroportuario del Pacifico (PAC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.56B
Dividend Yield4.89%
Average Volume (3M)62.86K
Price to Earnings (P/E)26.9
Beta (1Y)1.19
Revenue Growth7.45%
EPS Growth-13.53%
CountryUS
Employees3,541
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)2.82
Shares Outstanding42,948,586
10 Day Avg. Volume61,743
30 Day Avg. Volume62,861
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue0.37
Enterprise Value/Gross Profit0.63
Enterprise Value/Ebitda0.64
Forecast
1Y Price Target
$282.00Price Target Upside13.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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 through multiple streams, primarily from aeronautical and non-aeronautical services. Aeronautical revenues include landing fees, passenger boarding charges, and terminal usage fees paid by airlines for the use of the airport facilities. Non-aeronautical revenues come from retail and concession sales, including shops, restaurants, and duty-free stores within the airports, as well as parking fees and advertising. Additionally, PAC benefits from partnerships with airlines and other stakeholders in the aviation sector, which can enhance its service offerings and customer experience. The company also invests in infrastructure improvements and expansion projects to increase capacity and efficiency, ultimately driving more traffic and revenue.
Grupo Aeroportuario del Pacifico Earnings Call Summary
Earnings Call Date:Jul 22, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 22, 2025
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook with strong revenue and EBITDA growth, increased passenger traffic, and strategic expansion opportunities. However, challenges such as U.S. migration policy impacts on international traffic and increased operational costs were noted.Q2-2025 Updates
Positive Updates
Increase in Passenger Traffic
Total passenger traffic reached 15.8 million, representing a 4.1% increase compared to the same quarter of 2024. Eight new routes were added this quarter, with expectations for more in the second half of 2025.
Revenue Growth
Revenues excluding IFRIC-12 grew by 30.6% year-over-year, reaching MXN 8.2 billion, driven by a 26.4% increase in aeronautical revenues and a 41.8% increase in non-aeronautical revenues.
EBITDA and Margin Improvement
EBITDA increased by 31.1%, reaching MXN 5.5 billion with an EBITDA margin of 67.1% excluding IFRIC-12.
Cash and Financial Position
As of June 30, 2025, GAP held MXN 9.7 billion in cash and cash equivalents. A net debt-to-EBITDA ratio of 1.8x was maintained.
Strategic Expansion Opportunities
The company is pursuing strategic expansion opportunities, including potential acquisitions in Turks and Caicos and the CCR Airports assets.
Negative Updates
Impact of U.S. Migration Policies
Concerns about restricted U.S. migration and enforcement policies potentially impacting the international traffic, specifically on U.S.-Mexico routes, which represents approximately 38% of GAP's international traffic.
Increased Operational Costs
Maintenance expenses increased by 57.3% related to airfield improvements and new operational requirements.
Montego Bay Traffic Decline
Traffic at Montego Bay has continued to soften due to decreased seat offerings, particularly from American Airlines.
Company Guidance
During GAP's second quarter 2025 conference call, the company reported strong financial and operational performance despite macroeconomic challenges and FX volatility. Total passenger traffic increased by 4.1% year-over-year to 15.8 million, with 8 new routes added during the quarter. Revenue, excluding IFRIC-12, rose by 30.6% to MXN 8.2 billion, driven by a 26.4% increase in aeronautical revenues and a 41.8% increase in non-aeronautical revenues. EBITDA increased by 31.1% to MXN 5.5 billion, with a margin of 67.1%. GAP maintained its guidance, supported by a diversified revenue base and solid financial position, with a net debt-to-EBITDA ratio of 1.8x. The company executed MXN 12.8 billion in capital investments in the first half of 2025 and announced a dividend of MXN 16.84 per share for the year. Looking forward, GAP remains committed to strategic expansion opportunities and cautiously optimistic about future traffic trends.Grupo Aeroportuario del Pacifico Financial Statement Overview
Summary
Grupo Aeroportuario del Pacifico exhibits strong financial health with solid revenue growth, robust profitability, and effective cash flow management. While leverage has increased slightly, the company maintains a healthy balance sheet and strong cash flow generation.Income Statement
Grupo Aeroportuario del Pacifico demonstrates consistent revenue growth with strong gross and net profit margins. Despite a revenue decline in 2024, the company maintains solid profitability, indicating effective cost management. The EBIT and EBITDA margins are robust, underscoring operational efficiency.78
Positive
Balance Sheet
The company has a moderate debt-to-equity ratio, reflecting a balanced approach to leverage. The return on equity is strong, indicating effective use of equity capital. However, equity ratio trends suggest a slight increase in leverage over time, which should be monitored.75
Positive
Cash Flow
Cash flows show a positive trend, with significant growth in free cash flow, enhancing financial flexibility. The operating cash flow to net income ratio is favorable, indicating strong cash generation relative to earnings. The company effectively converts its earnings into cash.82
Very Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 26.78B | 33.22B | 27.38B | 19.01B | 11.87B |
| Gross Profit | 20.67B | 19.41B | 14.54B | 9.38B | 4.10B |
| EBITDA | 18.11B | 18.68B | 16.10B | 10.90B | 5.82B |
| Net Income | 8.61B | 9.54B | 9.01B | 6.00B | 1.97B |
Balance Sheet | |||||
| Total Assets | 81.65B | 67.44B | 60.51B | 55.32B | 51.36B |
| Cash, Cash Equivalents and Short-Term Investments | 13.47B | 10.06B | 12.37B | 13.33B | 14.44B |
| Total Debt | 48.03B | 40.62B | 34.41B | 27.92B | 24.38B |
| Total Liabilities | 57.03B | 46.50B | 40.68B | 34.89B | 28.51B |
| Stockholders Equity | 22.35B | 19.78B | 18.64B | 19.29B | 21.79B |
Cash Flow | |||||
| Free Cash Flow | 8.83B | 3.49B | 4.09B | 6.15B | 406.46M |
| Operating Cash Flow | 16.67B | 13.93B | 12.52B | 11.10B | 3.57B |
| Investing Cash Flow | -8.78B | -11.09B | -8.48B | -4.97B | -3.22B |
| Financing Cash Flow | -5.02B | -4.79B | -4.93B | -7.35B | 6.29B |
Grupo Aeroportuario del Pacifico Technical Analysis
Neutral
248.56
Price Trends
240.81
Positive
231.80
Positive
207.63
Positive
Market Momentum
2.15
Positive
51.44
Neutral
36.37
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 248.56 is below the 20-day moving average (MA) of 249.40, above the 50-day MA of 240.81, and above the 200-day MA of 207.63, indicating a neutral trend. The MACD of 2.15 indicates Positive momentum. The RSI at 51.44 is Neutral, neither overbought nor oversold. The STOCH value of 36.37 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $10.18B | 16.17 | 35.56% | 9.60% | 5.67% | -9.58% | |
77 Outperform | $5.07B | 19.18 | 47.46% | 4.34% | -7.59% | -9.80% | |
74 Outperform | $12.56B | 26.91 | 47.69% | 4.89% | 7.45% | -13.53% | |
71 Outperform | $3.05B | 21.15 | 20.64% | ― | 10.45% | -62.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
PAC
Grupo Aeroportuario del Pacifico
248.56
83.22
50.33%
OMAB
Grupo Aeroportuario Del Centro
104.57
40.22
62.50%
ASR
Grupo Aeroportuario del Sureste
339.86
75.17
28.40%
CAAP
Corporacion America Airports SA
18.72
1.26
7.22%
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.