Grupo Aeroportuario del Pacifico (PAC) AI Stock Analysis

• Market Cap: $14.58B
• Dividend Yield: 4.46%
• Average Volume (3M): 75.94K
• Price to Earnings (P/E): 28.9
• Beta (1Y): 0.71
• Revenue Growth: 11.58%
• EPS Growth: 1.15%
• Country: US
• Employees: 3,541
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): 2.90
• Shares Outstanding: 42,948,586
• 10 Day Avg. Volume: 70,785
• 30 Day Avg. Volume: 75,939
• PEG Ratio: -3.07
• Price to Book (P/B): 8.26
• Price to Sales (P/S): 6.89
• P/FCF Ratio: 20.90
• Enterprise Value/Market Cap: 17.87
• Enterprise Value/Revenue: 7.59
• Enterprise Value/Gross Profit: 10.89
• Enterprise Value/Ebitda: 12.49
• 1Y Price Target: $260.00
• Price Target Upside: -13.45% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: $296.00 ▼(-1.47% Downside)
• Action: Downgraded Date: 11/18/25
• Date: Action: Downgraded 11/18/25

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

Diversified Revenue Streams

GAP earns from aeronautical fees and growing non-aeronautical services (retail, cargo, concessions). This revenue mix cushions aeronautical volatility, supports cross-subsidization of airport ops, and sustains long-term cash flow resilience as traffic patterns evolve.

Strong Cash Generation and Liquidity

High operating cash flow and substantial cash reserves give GAP flexibility to fund capex, service debt, and pursue strategic opportunities. Robust cash generation underpins operational continuity and buffers against cyclical traffic shocks over the medium term.

Strategic Consolidation of CBX and Technical Services

Approving the CBX combination and internalizing technical services strengthens control over a high-return cross‑border asset, enhances operational autonomy, and creates scale benefits that can improve margins and diversify currency and geographic exposure.

Negative Factors

High Leverage

Significant reliance on debt increases financial risk and reduces flexibility during traffic downturns or rate increases. Elevated leverage can pressure credit metrics, constrain future investment choices, and increase refinancing sensitivity over the medium term.

Regulatory and Cost Headwinds

Higher concession fees and new operational mandates materially raise ongoing operating costs and compress margins. These structural regulatory changes reduce free cash flow and may lower the long-run profitability of the airport concession model absent offsetting tariff or revenue actions.

Concentrated Weather and Geographic Risk

Exposure to Caribbean weather events creates recurring operational disruption risk and volatility in traffic and EBITDA. Dependence on tourism-linked markets raises susceptibility to storms and recovery lags, threatening steady long-term traffic and earnings from those assets.

Grupo Aeroportuario del Pacifico Business Overview & Revenue Model

Company Description

Grupo 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 Money

Grupo 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 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	34.31B	26.78B	33.22B	27.38B	19.01B	11.87B
Gross Profit	23.93B	20.67B	19.41B	14.54B	9.38B	4.10B
EBITDA	20.85B	18.11B	18.68B	16.10B	10.90B	5.82B
Net Income	10.29B	8.61B	9.54B	9.01B	6.00B	1.97B
Balance Sheet
Total Assets	4.52B	81.65B	67.44B	60.51B	55.32B	51.36B
Cash, Cash Equivalents and Short-Term Investments	636.55M	13.47B	10.06B	12.37B	13.33B	14.44B
Total Debt	2.90B	48.03B	40.62B	34.41B	27.92B	24.38B
Total Liabilities	3.25B	57.03B	46.50B	40.68B	34.89B	28.51B
Stockholders Equity	1.15B	22.35B	19.78B	18.64B	19.29B	21.79B
Cash Flow
Free Cash Flow	7.97B	8.83B	3.49B	4.09B	6.15B	406.46M
Operating Cash Flow	17.19B	16.67B	13.93B	12.52B	11.10B	3.57B
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	-7.35B	6.29B

Grupo Aeroportuario del Pacifico Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 300.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 300.41 is above the 20-day moving average (MA) of 284.26, above the 50-day MA of 272.16, and above the 200-day MA of 239.79, indicating a bullish trend. The MACD of 6.67 indicates Negative momentum. The RSI at 65.41 is Neutral, neither overbought nor oversold. The STOCH value of 79.97 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	77 Outperform	$6.30B	23.42	53.27%	4.03%	-2.04%	-3.82%
ASR	73 Outperform	$11.24B	20.01	24.69%	11.85%	8.70%	-21.15%
CAAP	71 Outperform	$4.67B	25.63	13.25%	―	14.87%	-47.71%
PAC	65 Neutral	$14.58B	28.92	46.44%	4.46%	11.58%	1.15%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Grupo Aeroportuario del Pacifico Corporate Events

Grupo Aeroportuario del Pacífico Refinances US$95.5 Million Bank Loan

On January 20, 2026, Grupo Aeroportuario del Pacífico refinanced a US$95.5 million bank loan that matured that same day with Scotiabank Inverlat, replacing it with a new 12‑month financing agreement with The Bank of Nova Scotia. The new facility, which matures on January 19, 2027 and allows for early repayment, carries a variable interest rate of one‑month SOFR plus 50 basis points with no additional fees, suggesting the company is proactively managing short‑term debt costs and liquidity while maintaining financial flexibility for its airport operations in Mexico and Jamaica.

The most recent analyst rating on (PAC) stock is a Buy with a $293.00 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 Posts Flat December Traffic as Hurricane Melissa Hits Jamaican Operations

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

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

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

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

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.