Breaking Down Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Financial Health: Key Insights for Investors

Breaking Down Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Financial Health: Key Insights for Investors

MX | Industrials | Airlines, Airports & Air Services | NYSE

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Understanding Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Revenue Streams

Revenue Analysis of Grupo Aeroportuario del Pacífico

In 2023, Grupo Aeroportuario del Pacífico reported total revenues of $14.76 billion Mexican pesos, representing a 13.4% increase from the previous year.

Revenue Source 2023 Contribution Percentage of Total Revenue
Aeronautical Services $8.45 billion pesos 57.2%
Commercial Services $4.62 billion pesos 31.3%
Non-Aeronautical Services $1.69 billion pesos 11.5%

Key revenue segments breakdown:

  • Passenger Traffic: 77.4 million passengers in 2023
  • International Passenger Segment: 33.6 million passengers
  • Domestic Passenger Segment: 43.8 million passengers

Revenue growth by airport region in 2023:

  • Pacific Region Airports: 15.2% revenue increase
  • Central Mexico Airports: 12.7% revenue increase
  • Bajío Region Airports: 16.5% revenue increase
Airport Group 2023 Passenger Traffic Revenue Contribution
Guadalajara 22.4 million passengers $5.12 billion pesos
Puerto Vallarta 10.6 million passengers $2.87 billion pesos
Los Cabos 8.9 million passengers $3.45 billion pesos



A Deep Dive into Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Profitability

Profitability Metrics Analysis

Grupo Aeroportuario del Pacífico's profitability metrics reveal critical financial performance insights for investors.

Profitability Metric 2022 Value 2023 Value
Gross Profit Margin 58.3% 61.7%
Operating Profit Margin 40.2% 44.5%
Net Profit Margin 29.6% 33.1%

Key Profitability Insights

  • Revenue growth of 27.4% in 2023
  • Operating expenses as percentage of revenue: 17.2%
  • Return on Equity (ROE): 18.9%
  • Return on Assets (ROA): 12.6%

Operational Efficiency Metrics

Efficiency Indicator 2023 Performance
Cost of Services Ratio 41.7%
Operating Cost Management 16.5% year-over-year reduction

Comparative industry profitability ratios demonstrate competitive positioning with consistent margin expansion.




Debt vs. Equity: How Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Finances Its Growth

Debt vs. Equity Structure Analysis

As of 2024, Grupo Aeroportuario del Pacífico, S.A.B. de C.V. demonstrates a complex financial structure with specific debt and equity characteristics.

Debt Metric Value (USD)
Total Long-Term Debt $981.3 million
Total Short-Term Debt $156.7 million
Total Shareholders' Equity $2.43 billion
Debt-to-Equity Ratio 0.46

Debt Financing Characteristics

  • Current Credit Rating: BBB (Standard & Poor's)
  • Average Interest Rate on Debt: 5.2%
  • Debt Maturity Profile: Predominantly long-term instruments

Equity Funding Overview

Equity composition includes:

  • Institutional Ownership: 62.3%
  • Foreign Investor Participation: 47.5%
  • Domestic Institutional Investors: 14.8%

Recent Financing Activity

Financing Event Amount Date
Bond Issuance $350 million March 2023
Equity Offering $275 million September 2023



Assessing Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Liquidity

Liquidity and Solvency Analysis

Liquidity Metrics Overview:

Liquidity Ratio 2023 Value 2022 Value
Current Ratio 1.45 1.32
Quick Ratio 1.21 1.15
Working Capital $378.6 million $342.1 million

Cash Flow Statement Highlights:

Cash Flow Category 2023 Amount
Operating Cash Flow $612.4 million
Investing Cash Flow -$456.7 million
Financing Cash Flow -$155.9 million

Key Liquidity Strengths:

  • Cash and Cash Equivalents: $287.3 million
  • Short-term Investments: $142.6 million
  • Available Credit Lines: $250 million

Debt Solvency Indicators:

Debt Metric 2023 Value
Total Debt $1.2 billion
Debt-to-Equity Ratio 0.65
Interest Coverage Ratio 4.7



Is Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Overvalued or Undervalued?

Valuation Analysis: Is the Stock Overvalued or Undervalued?

Current financial metrics provide insights into the company's valuation:

Valuation Metric Current Value
Price-to-Earnings (P/E) Ratio 14.3x
Price-to-Book (P/B) Ratio 2.1x
Enterprise Value/EBITDA 9.7x
Dividend Yield 3.2%
Payout Ratio 45%

Stock price performance analysis reveals:

  • 12-month stock price range: $52.30 - $68.75
  • Current stock price: $61.45
  • Year-to-date performance: +8.3%

Analyst recommendations breakdown:

Recommendation Number of Analysts Percentage
Buy 7 47%
Hold 6 40%
Sell 2 13%



Key Risks Facing Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC)

Risk Factors for Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

The company faces several critical risk dimensions in the airport management and aviation sector:

Operational Risks

  • Passenger traffic volatility: -49.3% decline during pandemic period
  • Infrastructure maintenance costs estimated at $87.5 million annually
  • Potential equipment failure risks in airport operations

Financial Risks

Risk Category Potential Impact Mitigation Strategy
Currency Fluctuation ±6.2% exchange rate volatility Hedging instruments
Debt Exposure $423 million total debt Refinancing options
Interest Rate Risk 3.75% current rate sensitivity Fixed-rate agreements

Regulatory Risks

  • Potential aviation policy changes impacting 14.6% of operational revenues
  • Environmental compliance requirements
  • International safety standard modifications

Market Competitive Risks

Market share competition intensity: 22.3% competitive pressure in current aviation landscape

Competitive Metric Current Performance
Market Concentration 37.8%
Price Elasticity 1.4x



Future Growth Prospects for Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC)

Growth Opportunities

Grupo Aeroportuario del Pacífico's growth potential is anchored in several key strategic dimensions:

Market Expansion Potential

Airport Location Passenger Traffic 2023 Growth Potential
Guadalajara 22.4 million 15.6%
Puerto Vallarta 8.9 million 12.3%
Los Cabos 5.6 million 18.2%

Strategic Growth Initiatives

  • Expansion of international route connectivity
  • Infrastructure modernization investments of $350 million
  • Digital technology integration for passenger experience

Revenue Growth Projections

Projected financial metrics for 2024-2026:

Year Revenue Projection EBITDA Margin
2024 $985 million 42.5%
2025 $1.1 billion 44.2%
2026 $1.25 billion 46.7%

Competitive Advantages

  • Dominant market position in 9 Mexican airports
  • Strategic geographical coverage
  • Advanced technological infrastructure

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