GRUPO AEROPORTUARIO PAC-ADR (PAC) Stock Fundamental Analysis
NYSE:PAC - US4005061019 - ADR
241 USD
-5.1 (-2.07%)
241 USD
0 (0%)
Taking everything into account, PAC scores 5 out of 10 in our fundamental rating. PAC was compared to 6 industry peers in the Transportation Infrastructure industry. While PAC is still in line with the averages on profitability rating, there are concerns on its financial health. PAC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PAC had positive earnings in the past year.
In the past year PAC had a positive cash flow from operations.
PAC had positive earnings in each of the past 5 years.
Each year in the past 5 years PAC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.80%, PAC is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
PAC has a Return On Equity of 49.41%. This is amongst the best in the industry. PAC outperforms 83.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 19.86%, PAC belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
PAC had an Average Return On Invested Capital over the past 3 years of 19.31%. This is in line with the industry average of 18.98%.
The last Return On Invested Capital (19.86%) for PAC is above the 3 year average (19.31%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.8% | ||
| ROE | 49.41% | ||
| ROIC | 19.86% |
ROA(3y)13.2%
ROA(5y)10.85%
ROE(3y)45.05%
ROE(5y)35.05%
ROIC(3y)19.31%
ROIC(5y)15.7%
1.3 Margins
The Profit Margin of PAC (23.19%) is better than 66.67% of its industry peers.
PAC's Profit Margin has declined in the last couple of years.
The Operating Margin of PAC (42.29%) is better than 66.67% of its industry peers.
In the last couple of years the Operating Margin of PAC has declined.
PAC has a Gross Margin (54.07%) which is comparable to the rest of the industry.
PAC's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.29% | ||
| PM (TTM) | 23.19% | ||
| GM | 54.07% |
OM growth 3Y-1.39%
OM growth 5Y-2.01%
PM growth 3Y-6.7%
PM growth 5Y-4.96%
GM growth 3Y-1.29%
GM growth 5Y-2.14%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PAC is creating value.
PAC has more shares outstanding than it did 1 year ago.
PAC has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, PAC has an improved debt to assets ratio.
2.2 Solvency
PAC has an Altman-Z score of 3.81. This indicates that PAC is financially healthy and has little risk of bankruptcy at the moment.
PAC has a better Altman-Z score (3.81) than 66.67% of its industry peers.
The Debt to FCF ratio of PAC is 4.64, which is a neutral value as it means it would take PAC, 4.64 years of fcf income to pay off all of its debts.
PAC's Debt to FCF ratio of 4.64 is in line compared to the rest of the industry. PAC outperforms 50.00% of its industry peers.
PAC has a Debt/Equity ratio of 2.10. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.10, PAC is doing worse than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 4.64 | ||
| Altman-Z | 3.81 |
ROIC/WACC1.96
WACC10.11%
2.3 Liquidity
A Current Ratio of 0.93 indicates that PAC may have some problems paying its short term obligations.
PAC has a worse Current ratio (0.93) than 83.33% of its industry peers.
A Quick Ratio of 0.93 indicates that PAC may have some problems paying its short term obligations.
PAC's Quick ratio of 0.93 is on the low side compared to the rest of the industry. PAC is outperformed by 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
PAC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.11%.
The Earnings Per Share has been growing by 11.44% on average over the past years. This is quite good.
PAC shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.29%.
Measured over the past years, PAC shows a quite strong growth in Revenue. The Revenue has been growing by 15.68% on average per year.
EPS 1Y (TTM)-0.11%
EPS 3Y13.59%
EPS 5Y11.44%
EPS Q2Q%19.86%
Revenue 1Y (TTM)23.29%
Revenue growth 3Y20.91%
Revenue growth 5Y15.68%
Sales Q2Q%49.91%
3.2 Future
The Earnings Per Share is expected to grow by 19.53% on average over the next years. This is quite good.
The Revenue is expected to grow by 16.44% on average over the next years. This is quite good.
EPS Next Y32.28%
EPS Next 2Y27.6%
EPS Next 3Y23.73%
EPS Next 5Y19.53%
Revenue Next Year31.78%
Revenue Next 2Y18.93%
Revenue Next 3Y16.03%
Revenue Next 5Y16.44%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.29 indicates a rather expensive valuation of PAC.
Based on the Price/Earnings ratio, PAC is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.13, PAC is valued at the same level.
With a Price/Forward Earnings ratio of 16.24, PAC is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAC is on the same level as its industry peers.
PAC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.29 | ||
| Fwd PE | 16.24 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PAC.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.75 | ||
| EV/EBITDA | 12.96 |
4.3 Compensation for Growth
PAC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PAC has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as PAC's earnings are expected to grow with 23.73% in the coming years.
PEG (NY)0.75
PEG (5Y)2.12
EPS Next 2Y27.6%
EPS Next 3Y23.73%
5. Dividend
5.1 Amount
PAC has a Yearly Dividend Yield of 3.74%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.98, PAC pays a better dividend. On top of this PAC pays more dividend than 83.33% of the companies listed in the same industry.
PAC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
5.2 History
PAC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
48.56% of the earnings are spent on dividend by PAC. This is a bit on the high side, but may be sustainable.
DP48.56%
EPS Next 2Y27.6%
EPS Next 3Y23.73%
241
-5.1 (-2.07%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners28.99%
Inst Owner Change-7.86%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap12.18B
Analysts69.52
Price Target253.83 (5.32%)
Short Float %0.66%
Short Ratio3.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP48.56%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.08%
Min EPS beat(2)-9.71%
Max EPS beat(2)1.55%
EPS beat(4)1
Avg EPS beat(4)-6.35%
Min EPS beat(4)-11.38%
Max EPS beat(4)1.55%
EPS beat(8)4
Avg EPS beat(8)0.13%
EPS beat(12)6
Avg EPS beat(12)0.46%
EPS beat(16)10
Avg EPS beat(16)5.27%
Revenue beat(2)1
Avg Revenue beat(2)6.12%
Min Revenue beat(2)-1.75%
Max Revenue beat(2)13.98%
Revenue beat(4)3
Avg Revenue beat(4)4.56%
Min Revenue beat(4)-1.75%
Max Revenue beat(4)13.98%
Revenue beat(8)5
Avg Revenue beat(8)2.25%
Revenue beat(12)9
Avg Revenue beat(12)3.96%
Revenue beat(16)11
Avg Revenue beat(16)2.71%
PT rev (1m)8.35%
PT rev (3m)20.52%
EPS NQ rev (1m)-3.47%
EPS NQ rev (3m)-4.03%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)-0.19%
Revenue NQ rev (1m)1.03%
Revenue NQ rev (3m)6.11%
Revenue NY rev (1m)-1.32%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.29 | ||
| Fwd PE | 16.24 | ||
| P/S | 5.72 | ||
| P/FCF | 22.75 | ||
| P/OCF | 13.29 | ||
| P/B | 12.19 | ||
| P/tB | 34.3 | ||
| EV/EBITDA | 12.96 |
EPS(TTM)9.92
EY4.12%
EPS(NY)14.84
Fwd EY6.16%
FCF(TTM)10.59
FCFY4.39%
OCF(TTM)18.13
OCFY7.52%
SpS42.13
BVpS19.78
TBVpS7.03
PEG (NY)0.75
PEG (5Y)2.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.8% | ||
| ROE | 49.41% | ||
| ROCE | 26.63% | ||
| ROIC | 19.86% | ||
| ROICexc | 23.46% | ||
| ROICexgc | 30.27% | ||
| OM | 42.29% | ||
| PM (TTM) | 23.19% | ||
| GM | 54.07% | ||
| FCFM | 25.14% |
ROA(3y)13.2%
ROA(5y)10.85%
ROE(3y)45.05%
ROE(5y)35.05%
ROIC(3y)19.31%
ROIC(5y)15.7%
ROICexc(3y)24.47%
ROICexc(5y)20.53%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)25.89%
ROCE(5y)21.04%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y5.02%
ROICexc growth 5Y2.89%
OM growth 3Y-1.39%
OM growth 5Y-2.01%
PM growth 3Y-6.7%
PM growth 5Y-4.96%
GM growth 3Y-1.29%
GM growth 5Y-2.14%
F-Score5
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 4.64 | ||
| Debt/EBITDA | 1.92 | ||
| Cap/Depr | 199.55% | ||
| Cap/Sales | 17.89% | ||
| Interest Coverage | 4.07 | ||
| Cash Conversion | 83.96% | ||
| Profit Quality | 108.39% | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 3.81 |
F-Score5
WACC10.11%
ROIC/WACC1.96
Cap/Depr(3y)343.67%
Cap/Depr(5y)286.05%
Cap/Sales(3y)28.52%
Cap/Sales(5y)27.64%
Profit Quality(3y)61.49%
Profit Quality(5y)61.53%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.11%
EPS 3Y13.59%
EPS 5Y11.44%
EPS Q2Q%19.86%
EPS Next Y32.28%
EPS Next 2Y27.6%
EPS Next 3Y23.73%
EPS Next 5Y19.53%
Revenue 1Y (TTM)23.29%
Revenue growth 3Y20.91%
Revenue growth 5Y15.68%
Sales Q2Q%49.91%
Revenue Next Year31.78%
Revenue Next 2Y18.93%
Revenue Next 3Y16.03%
Revenue Next 5Y16.44%
EBIT growth 1Y15.25%
EBIT growth 3Y19.23%
EBIT growth 5Y13.36%
EBIT Next Year53.58%
EBIT Next 3Y27.09%
EBIT Next 5Y22.71%
FCF growth 1Y273.95%
FCF growth 3Y12.82%
FCF growth 5Y9.2%
OCF growth 1Y25.5%
OCF growth 3Y14.54%
OCF growth 5Y15.35%