The price/operating cash flow metric for Pacific Airport Group is higher than merely 2.89% of stocks in our set with a positive cash flow.
Of note is the ratio of Pacific Airport Group's sales and general administrative expense to its total operating expenses; only 0.48% of US stocks have a lower such ratio.
Pacific Airport Group's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 49.56%, greater than the shareholder yield of 95.49% of stocks in our set.
Stocks that are quantitatively similar to PAC, based on their financial statements, market capitalization, and price volatility, are TAC, MDU, NOMD, GLOP, and OPI.
Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo Aeroportuario Del Pacifico, S.A. de C.V. (each representing 10 Series B shares) (PAC) Company Bio
Grupo Aeroportuario del Pacifico operates 12 airports throughout Mexico's Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. The company was incorporated in 1998 and is based in Guadalajara, Mexico.
PAC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Pacific Airport Group with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Pacific Airport Group ranked in the 65th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 82.33% on a DCF basis. The most interesting components of our discounted cash flow analysis for Pacific Airport Group ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 99. Its equity weight surpasses that of 95.51% of free cash flow generating stocks in the Industrials sector.
The business' balance sheet reveals debt to be 1% of the company's capital (with equity being the remaining amount). Approximately merely 7.54% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
HI, MSM, MLI, NPO, and RGR can be thought of as valuation peers to PAC, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
GUADALAJARA, Mexico, Dec. 04, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of November 2020, compared to traffic figures for November 2019. For November 2020, the total number of terminal passengers at GAP’s 14 airports decreased by 34.4%, compared to the same period of the previous year. Domestic passenger traffic decreased by 24.1%, while international passenger traffic decreased by 48.0%.Domestic Terminal Passengers – 14 airports (in thousands): AirportNov-19 Nov-20 % ChangeJan-Nov 19Jan-Nov 20% Change Guadalajara904.0 591.0 (34.6%) 9,584.2 5,138.1 (46.4%) Tijuana*494.8 503.7 1.8% 5,460.7 4,080.4 (25.3%) Los Cabos1...
In this article we will analyze whether Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There’s no better way to get these firms’ immense resources and analytical capabilities working for us than […]
GUADALAJARA, Mexico, Nov. 27, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced that it has concluded the Extraordinary Review Process for the Master Development Program for the Mexican airports for the 2020 to 2024 period. During the month of August, the Company filed a proposal for the adjustment of the Master Development Program (MDP) to the Aeronautical Authority, thus postponing investments by approximately 20 months. As such, certain investments that were scheduled to conclude in 2024 will now conclude in 2026.In the new MDP, the same projects that were previously agreed upon with the authorities will remain, however, the initiation and termination timeframes will change; the scope of the projects wi...
GUADALAJARA, Mexico, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced the successful refinancing of its bank debt for US$ 191.0 million, due in January and February 2021. With this financing, the Company extended its short-term, dollar-denominated maturities, which provides more certainty with regards to the use of its financial resources for 2021. The refinancing was obtained from the same two Banking Institutions that originally granted these loans. The financing terms were the following: * On October 19, the Company signed a credit refinancing for US$ 95.5 million with Scotiabank Inverlat, S.A., due in January 2021. The new loan has a 36-month term from the date of its disbursement, which wil...
GUADALAJARA, Mexico, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reported its consolidated results for the third quarter ended September 30, 2020 (3Q20). Figures are unaudited and have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). COVID-19 ImpactDuring the third quarter of the year, the COVID-19 pandemic affected the Company’s results, mainly due to the decrease in international and domestic passenger traffic compared to 3Q19. During the quarter, activities that were categorized as non-essential in Mexico in the 2Q20 began to reactivate and the airports began to show improvements in passenger tr...