Grupo Aeroportuario del Pacifico (PAC) AI Stock Analysis

• Market Cap: $12.00B
• Dividend Yield: 5.11%
• Average Volume (3M): 86.95K
• Price to Earnings (P/E): 23.8
• Beta (1Y): 0.82
• 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: 97,517
• 30 Day Avg. Volume: 86,949
• 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: 1.20
• Enterprise Value/Revenue: 0.42
• Enterprise Value/Gross Profit: 0.60
• Enterprise Value/Ebitda: 0.69
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 11.57
• Revenue Forecast (FY): $2.16B

• Rating: 65 Neutral
• Price Target: $234.00 ▼(-1.07% Downside)

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 Business Overview & Revenue Model

Company Description

Grupo Aeroportuario del Pacifico (PAC) is a leading airport management company based in Mexico that operates 12 airports in the Pacific region. The company is primarily engaged in the development, operation, and maintenance of airport facilities and services, including passenger terminals, cargo handling, and commercial operations. PAC is committed to providing high-quality services to travelers and airlines, while also focusing on sustainable development and community engagement.

How the Company Makes Money

Grupo 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 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: 236.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 236.54 is above the 20-day moving average (MA) of 223.09, above the 50-day MA of 224.87, and above the 200-day MA of 217.16, indicating a bullish trend. The MACD of 3.90 indicates Negative momentum. The RSI at 61.57 is Neutral, neither overbought nor oversold. The STOCH value of 82.49 is Negative, 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	$5.17B	19.08	53.28%	4.26%	-2.04%	-3.82%
ASR	73 Outperform	$9.28B	16.36	24.69%	12.97%	8.70%	-21.15%
CAAP	71 Outperform	$4.26B	23.10	13.25%	―	14.87%	-47.71%
PAC	65 Neutral	$12.00B	23.78	46.45%	5.11%	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 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.

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.

Grupo Aeroportuario del Pacífico Updates on Hurricane Melissa’s Impact in Jamaica

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.

Grupo Aeroportuario del Pacífico Faces Operational Disruptions in Jamaica Due to Hurricane Melissa

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.

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

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.

Grupo Aeroportuario del Pacífico Sees Passenger Traffic Rise in September 2025

In September 2025, Grupo Aeroportuario del Pacífico reported a 0.9% increase in total passenger traffic compared to the same month in 2024. Notably, Puerto Vallarta and Guadalajara airports experienced growth, with increases of 2.6% and 0.3%, respectively, while airports in Los Cabos, Tijuana, and Montego Bay saw declines. This mixed performance highlights the varying dynamics across the company’s airport portfolio, impacting its operational and strategic positioning in the aviation sector.

Grupo Aeroportuario del Pacífico Refinances $40 Million Credit Line

On September 18, 2025, Grupo Aeroportuario del Pacífico announced the refinancing of a USD $40 million credit line with Banco Nacional de México, S.A. for a five-year term. This move, with interest payable monthly at a variable rate, underscores GAP’s strategic financial management and may enhance its liquidity position, potentially impacting its operations and stakeholder confidence positively.

Grupo Aeroportuario del Pacífico Sees Passenger Traffic Rise in August 2025

In August 2025, Grupo Aeroportuario del Pacífico reported a 3.3% increase in total terminal passenger traffic across its 12 Mexican airports compared to the same month in 2024. Notably, Puerto Vallarta and Guadalajara airports experienced significant growth in passenger numbers, while Tijuana saw a decline. The Montego Bay airport in Jamaica also reported a 5.3% increase in passenger traffic. This growth indicates a positive trend for GAP, enhancing its market position and potentially benefiting stakeholders by increasing operational revenues.