GRUPO AEROPORTUARIO DEL PACÍFICO, S.A.B. DE C.V. Financials Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
Equities
GAP B
MX01GA000004
Airport Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 316.2 MXN | +0.52% |
|
+1.27% | +6.66% |
| May. 04 | Grupo Aeroportuario del Pacífico, S.A.B. de C.V. Reports Traffic Results for the Month and Year to Date Ended of April 2024 | CI |
| May. 03 | A return to normality for the airport sector? |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 118,081 | 116,751 | 144,551 | 141,048 | 149,779 | 159,749 | - | - |
| Enterprise Value (EV) 1 | 126,813 | 125,553 | 156,750 | 141,048 | 174,139 | 191,491 | 193,275 | 194,878 |
| P/E ratio | 25.1 x | 57.1 x | 21.9 x | 15.6 x | 15.6 x | 19.1 x | 16.7 x | 13.7 x |
| Yield | 3.75% | - | - | - | 5.01% | 3.99% | 4.28% | 5.02% |
| Capitalization / Revenue | 7.28 x | 9.84 x | 7.6 x | 5.15 x | 4.51 x | 4.7 x | 4.59 x | 4.11 x |
| EV / Revenue | 7.82 x | 10.6 x | 8.24 x | 5.15 x | 5.24 x | 5.63 x | 5.56 x | 5.02 x |
| EV / EBITDA | 12.9 x | 21.6 x | 14.4 x | 8.75 x | 9.85 x | 11.2 x | 9.81 x | 8.75 x |
| EV / FCF | 22.3 x | 309 x | 25.5 x | - | 49.9 x | 18.4 x | 20.8 x | 21.9 x |
| FCF Yield | 4.48% | 0.32% | 3.92% | - | 2% | 5.45% | 4.82% | 4.56% |
| Price to Book | 6.42 x | 5.72 x | 8.21 x | - | 7.57 x | 7.4 x | 6.94 x | 5.94 x |
| Nbr of stocks (in thousands) | 525,576 | 525,576 | 512,302 | 505,277 | 505,277 | 505,277 | - | - |
| Reference price 2 | 224.7 | 222.1 | 282.2 | 279.2 | 296.4 | 316.2 | 316.2 | 316.2 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/22/22 | 2/21/23 | 2/26/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,226 | 11,866 | 19,015 | 27,380 | 33,224 | 34,012 | 34,789 | 38,841 |
| EBITDA 1 | 9,793 | 5,820 | 10,908 | 16,128 | 17,684 | 17,103 | 19,706 | 22,272 |
| EBIT 1 | 8,017 | 3,820 | 8,857 | 13,814 | 15,139 | 14,500 | 16,584 | 18,902 |
| Operating Margin | 49.41% | 32.19% | 46.58% | 50.45% | 45.57% | 42.63% | 47.67% | 48.66% |
| Earnings before Tax (EBT) 1 | 7,346 | 2,386 | 7,829 | 12,276 | 12,762 | 12,785 | 13,872 | 16,439 |
| Net income 1 | 4,937 | 2,165 | 6,510 | 9,043 | 9,621 | 8,622 | 10,044 | 11,846 |
| Net margin | 30.43% | 18.24% | 34.24% | 33.03% | 28.96% | 25.35% | 28.87% | 30.5% |
| EPS 2 | 8.934 | 3.892 | 12.86 | 17.90 | 19.04 | 16.55 | 18.90 | 23.14 |
| Free Cash Flow 1 | 5,685 | 406.5 | 6,149 | - | 3,491 | 10,429 | 9,314 | 8,894 |
| FCF margin | 35.04% | 3.43% | 32.34% | - | 10.51% | 30.66% | 26.77% | 22.9% |
| FCF Conversion (EBITDA) | 58.05% | 6.98% | 56.37% | - | 19.74% | 60.98% | 47.26% | 39.94% |
| FCF Conversion (Net income) | 115.15% | 18.78% | 94.45% | - | 36.28% | 120.95% | 92.73% | 75.08% |
| Dividend per Share 2 | 8.420 | - | - | - | 14.84 | 12.61 | 13.54 | 15.87 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/22/22 | 2/21/23 | 2/26/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,188 | 6,013 | 6,610 | 6,752 | 8,006 | 8,340 | 8,360 | 7,393 | 9,132 | 8,495 | 8,480 | 8,437 | 8,524 | - | - |
| EBITDA 1 | 3,255 | 3,708 | 4,082 | 4,085 | 4,252 | 4,696 | 4,577 | 4,270 | 4,142 | 4,649 | 4,272 | 4,157 | 4,249 | - | - |
| EBIT 1 | 2,736 | 3,144 | 3,519 | 3,497 | 3,654 | 4,078 | 3,956 | 3,650 | 3,455 | 3,986 | 3,678 | 3,562 | 3,623 | - | - |
| Operating Margin | 52.73% | 52.29% | 53.23% | 51.8% | 45.65% | 48.9% | 47.32% | 49.37% | 37.83% | 46.92% | 43.37% | 42.22% | 42.5% | - | - |
| Earnings before Tax (EBT) 1 | 2,407 | 2,871 | 3,230 | 3,270 | 2,904 | 3,404 | 3,447 | 3,106 | 2,805 | 3,392 | 3,346 | 3,333 | 3,446 | - | - |
| Net income 1 | 1,923 | 2,222 | 2,365 | 2,663 | 1,817 | 2,561 | 2,488 | 2,379 | 2,249 | 2,439 | 2,308 | 2,299 | 2,377 | - | - |
| Net margin | 37.05% | 36.95% | 35.77% | 39.44% | 22.7% | 30.71% | 29.77% | 32.18% | 24.63% | 28.71% | 27.22% | 27.25% | 27.89% | - | - |
| EPS 2 | 3.821 | 4.390 | 4.650 | 5.270 | 3.597 | 4.255 | 4.925 | 4.708 | 4.451 | 4.827 | 3.771 | 3.686 | 3.831 | 3.836 | 3.774 |
| Dividend per Share 2 | - | - | 7.200 | 7.200 | - | - | 3.710 | 3.710 | 3.710 | - | 2.802 | 2.792 | 2.847 | - | - |
| Announcement Date | 2/22/22 | 4/25/22 | 7/25/22 | 10/21/22 | 2/21/23 | 4/17/23 | 7/24/23 | 10/23/23 | 2/26/24 | 4/23/24 | - | - | - | - | - |
1MXN in Million2MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,732 | 8,801 | 12,199 | - | 24,359 | 31,743 | 33,526 | 35,130 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8916 x | 1.512 x | 1.118 x | - | 1.377 x | 1.856 x | 1.701 x | 1.577 x |
| Free Cash Flow 1 | 5,685 | 406 | 6,149 | - | 3,491 | 10,429 | 9,314 | 8,895 |
| ROE (net income / shareholders' equity) | 24.5% | 10.5% | 31.7% | - | 47.2% | 42.3% | 40.8% | 39.8% |
| ROA (Net income/ Total Assets) | 12.2% | 4.66% | 12.2% | - | 15% | 13.1% | 14.2% | 17.6% |
| Assets 1 | 40,564 | 46,469 | 53,342 | - | 63,975 | 65,628 | 70,782 | 67,222 |
| Book Value Per Share 2 | 35.00 | 38.80 | 34.40 | - | 39.20 | 42.70 | 45.60 | 53.20 |
| Cash Flow per Share 2 | 14.60 | 6.360 | 21.90 | - | 27.60 | 27.50 | 30.90 | 28.20 |
| Capex 1 | 2,479 | 3,160 | 4,947 | - | 10,444 | 8,966 | 8,596 | 7,625 |
| Capex / Sales | 15.28% | 26.63% | 26.02% | - | 31.44% | 26.36% | 24.71% | 19.63% |
| Announcement Date | 2/20/20 | 2/25/21 | 2/22/22 | 2/21/23 | 2/26/24 | - | - | - |
1MXN in Million2MXN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
316.2
MXN
Average target price
317.6
MXN
Spread / Average Target
+0.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.66% | 9.45B | |
| +10.18% | 28.8B | |
| +12.39% | 12.71B | |
| +18.43% | 10.44B | |
| -11.93% | 6.88B | |
| +8.60% | 6.47B | |
| +3.60% | 5.95B | |
| +41.30% | 3.68B | |
| +11.96% | 2.89B | |
| -5.45% | 2.84B |
- Stock Market
- Equities
- GAP B Stock
- Financials Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
