GRUPO AEROPORTUARIO PAC-ADR (PAC) Stock Fundamental Analysis
USA - NYSE:PAC - US4005061019 - ADR
222.22 USD
+0.02 (+0.01%)
222.22 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to PAC. PAC was compared to 6 industry peers in the Transportation Infrastructure industry. There are concerns on the financial health of PAC while its profitability can be described as average. PAC has a decent growth rate and is not valued too expensively.
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.
In the past 5 years PAC always reported a positive cash flow from operatings.
1.2 Ratios
PAC has a Return On Assets of 11.80%. This is in the better half of the industry: PAC outperforms 66.67% of its industry peers.
With an excellent Return On Equity value of 49.41%, PAC belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
With an excellent Return On Invested Capital value of 19.86%, PAC belongs to the best 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
With a decent Profit Margin value of 23.19%, PAC is doing good in the industry, outperforming 66.67% of the companies in the same industry.
PAC's Profit Margin has declined in the last couple of years.
PAC has a better Operating Margin (42.29%) than 66.67% of its industry peers.
PAC's Operating Margin has declined in the last couple of years.
PAC has a Gross Margin (54.07%) which is in line with its industry peers.
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.
The number of shares outstanding for PAC has been increased compared to 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
An Altman-Z score of 3.60 indicates that PAC is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.60, PAC is doing good in the industry, outperforming 66.67% of the companies in the same industry.
PAC has a debt to FCF ratio of 4.64. This is a neutral value as PAC would need 4.64 years to pay back of all of its debts.
PAC has a Debt to FCF ratio (4.64) which is in line with its industry peers.
A Debt/Equity ratio of 2.10 is on the high side and indicates that PAC has dependencies on debt 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 | 3.6 |
ROIC/WACC2.03
WACC9.78%
2.3 Liquidity
PAC has a Current Ratio of 0.93. This is a bad value and indicates that PAC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.93, PAC is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
PAC has a Quick Ratio of 0.93. This is a bad value and indicates that PAC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of PAC (0.93) is worse than 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%.
PAC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.68% yearly.
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
PAC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.27% yearly.
PAC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.11% yearly.
EPS Next Y29.49%
EPS Next 2Y26.88%
EPS Next 3Y22.67%
EPS Next 5Y18.27%
Revenue Next Year32.33%
Revenue Next 2Y19.11%
Revenue Next 3Y16.53%
Revenue Next 5Y15.11%
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
PAC is valuated rather expensively with a Price/Earnings ratio of 22.07.
The rest of the industry has a similar Price/Earnings ratio as PAC.
PAC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.42.
The Price/Forward Earnings ratio is 14.91, which indicates a correct valuation of PAC.
The rest of the industry has a similar Price/Forward Earnings ratio as PAC.
PAC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.07 | ||
| Fwd PE | 14.91 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PAC.
Based on the Price/Free Cash Flow ratio, PAC is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.66 | ||
| EV/EBITDA | 11.93 |
4.3 Compensation for Growth
The 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 22.67% in the coming years.
PEG (NY)0.75
PEG (5Y)1.93
EPS Next 2Y26.88%
EPS Next 3Y22.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.74%, PAC has a reasonable but not impressive dividend return.
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.
Compared to an average S&P500 Dividend Yield of 2.36, PAC pays a better dividend.
| 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 2Y26.88%
EPS Next 3Y22.67%
222.22
+0.02 (+0.01%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners31.65%
Inst Owner Change0.22%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap11.23B
Analysts68.18
Price Target254.03 (14.31%)
Short Float %0.63%
Short Ratio4.2
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)-2.78%
PT rev (3m)8.43%
EPS NQ rev (1m)-1.89%
EPS NQ rev (3m)-9.45%
EPS NY rev (1m)-2.11%
EPS NY rev (3m)-2.29%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.07 | ||
| Fwd PE | 14.91 | ||
| P/S | 5.19 | ||
| P/FCF | 20.66 | ||
| P/OCF | 12.07 | ||
| P/B | 11.07 | ||
| P/tB | 31.15 | ||
| EV/EBITDA | 11.93 |
EPS(TTM)10.07
EY4.53%
EPS(NY)14.9
Fwd EY6.71%
FCF(TTM)10.75
FCFY4.84%
OCF(TTM)18.41
OCFY8.28%
SpS42.78
BVpS20.08
TBVpS7.13
PEG (NY)0.75
PEG (5Y)1.93
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 | 3.6 |
F-Score5
WACC9.78%
ROIC/WACC2.03
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 Y29.49%
EPS Next 2Y26.88%
EPS Next 3Y22.67%
EPS Next 5Y18.27%
Revenue 1Y (TTM)23.29%
Revenue growth 3Y20.91%
Revenue growth 5Y15.68%
Sales Q2Q%49.91%
Revenue Next Year32.33%
Revenue Next 2Y19.11%
Revenue Next 3Y16.53%
Revenue Next 5Y15.11%
EBIT growth 1Y15.25%
EBIT growth 3Y19.23%
EBIT growth 5Y13.36%
EBIT Next Year52.64%
EBIT Next 3Y26.18%
EBIT Next 5Y20.35%
FCF growth 1Y273.95%
FCF growth 3Y12.82%
FCF growth 5Y9.2%
OCF growth 1Y25.5%
OCF growth 3Y14.54%
OCF growth 5Y15.35%