Grupo Aeroportuario del Pacifico (PAC) AI Stock Analysis

Compare

268 Followers

Top Page

Grupo Aeroportuario del Pacifico

(NYSE:PAC)

Rating:74Outperform

Price Target:

$282.00

▲(12.83% 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

$12.59B

Dividend Yield4.86%

Average Volume (3M)71.20K

Price to Earnings (P/E)27.1

Beta (1Y)1.20

Revenue Growth7.45%

EPS Growth-13.53%

CountryUS

Employees3,541

SectorIndustrials

Sector Strength73

IndustryAirlines, Airports & Air Services

Share Statistics

EPS (TTM)2.82

Shares Outstanding42,948,586

10 Day Avg. Volume62,232

30 Day Avg. Volume71,196

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

$236.70

Price Target Upside-5.29% Downside

Rating ConsensusModerate Sell

Number of Analyst Covering2

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

Positive

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.

Balance Sheet

Positive

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.

Cash Flow

Very Positive

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.

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

Technical Analysis Sentiment

Positive

Last Price249.93

Price Trends

50DMA

233.45

Positive

100DMA

222.93

Positive

200DMA

202.24

Positive

Market Momentum

MACD

3.70

Positive

RSI

62.97

Neutral

STOCH

68.52

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAC, the sentiment is Positive. The current price of 249.93 is above the 20-day moving average (MA) of 245.34, above the 50-day MA of 233.45, and above the 200-day MA of 202.24, indicating a bullish trend. The MACD of 3.70 indicates Positive momentum. The RSI at 62.97 is Neutral, neither overbought nor oversold. The STOCH value of 68.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	79 Outperform	$5.08B	19.33	59.78%	4.31%	-7.59%	-9.80%
ASR	79 Outperform	$10.19B	16.13	28.86%	7.25%	5.67%	-9.58%
PAC	74 Outperform	$12.59B	27.06	47.69%	4.86%	7.45%	-13.53%
CAAP	74 Outperform	$3.49B	24.21	10.46%	―	10.45%	-62.52%
Sector *	64 Neutral	$10.75B	15.69	7.62%	2.01%	2.75%	-15.14%

* Industrials Sector Average

Performance Comparison

PAC

Grupo Aeroportuario del Pacifico

249.93

89.10

55.40%

OMAB

Grupo Aeroportuario Del Centro

105.42

42.66

67.97%

ASR

Grupo Aeroportuario del Sureste

339.05

93.97

38.34%

CAAP

Corporacion America Airports SA

21.43

6.65

44.99%

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: Aug 20, 2025