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GAP

Grupo Aeroportuario del Pacífico. deBMV:GAP B Stock Report

Market Cap

Mex$132.8b

7D

-4.6%

1Y

35.6%

Updated

26 Oct, 2021

Data

Company Financials +
GAP B fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends3/6

GAP B Overview

Grupo Aeroportuario del Pacífico, S.A.B.

Price History & Performance

Summary of all time highs, changes and price drops for Grupo Aeroportuario del Pacífico. de
Historical stock prices
Current Share PriceMex$257.71
52 Week HighMex$170.87
52 Week LowMex$271.89
Beta0.91
1 Month Change9.39%
3 Month Change15.32%
1 Year Change35.60%
3 Year Change58.20%
5 Year Change44.21%
Change since IPO715.02%

Recent News & Updates

Oct 20
Is Grupo Aeroportuario del Pacífico. de (BMV:GAPB) A Risky Investment?

Is Grupo Aeroportuario del Pacífico. de (BMV:GAPB) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Aug 31
Returns On Capital Signal Tricky Times Ahead For Grupo Aeroportuario del Pacífico. de (BMV:GAPB)

Returns On Capital Signal Tricky Times Ahead For Grupo Aeroportuario del Pacífico. de (BMV:GAPB)

There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...

Aug 16
Should You Investigate Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAPB) At Mex$226?

Should You Investigate Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (BMV:GAPB) At Mex$226?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. ( BMV:GAPB ), is not the largest company out there, but it saw...

Jul 21
Is There An Opportunity With Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s (BMV:GAPB) 45% Undervaluation?

Is There An Opportunity With Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s (BMV:GAPB) 45% Undervaluation?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Grupo Aeroportuario...

Shareholder Returns

GAP BMX InfrastructureMX Market
7D-4.6%-3.3%0.02%
1Y35.6%27.0%32.5%

Return vs Industry: GAP B exceeded the MX Infrastructure industry which returned 27% over the past year.

Return vs Market: GAP B exceeded the MX Market which returned 31.2% over the past year.

Price Volatility

Is GAP B's price volatile compared to industry and market?
GAP B volatility
GAP B Beta0.91
Industry Beta0.83
Market Beta1

Stable Share Price: GAP B is not significantly more volatile than the rest of MX stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GAP B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19981,688Raul Revuelta Musalemhttps://www.aeropuertosgap.com.mx

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., together with its subsidiaries, develops, manages, and operates airports primarily in Mexico’s Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as two international airports in Jamaica. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.

Grupo Aeroportuario del Pacífico. de Fundamentals Summary

How do Grupo Aeroportuario del Pacífico. de's earnings and revenue compare to its market cap?
GAP B fundamental statistics
Market CapMex$132.78b
Earnings (TTM)Mex$3.20b
Revenue (TTM)Mex$11.75b

41.4x

P/E Ratio

11.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GAP B income statement (TTM)
RevenueMex$11.75b
Cost of RevenueMex$2.93b
Gross ProfitMex$8.83b
ExpensesMex$5.62b
EarningsMex$3.20b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)6.23
Gross Margin75.11%
Net Profit Margin27.26%
Debt/Equity Ratio120.1%

How did GAP B perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

190%

Payout Ratio

Valuation

Is Grupo Aeroportuario del Pacífico. de undervalued compared to its fair value and its price relative to the market?

41.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GAP B (MX$257.71) is trading above our estimate of fair value (MX$146.16)

Significantly Below Fair Value: GAP B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GAP B is poor value based on its PE Ratio (41.4x) compared to the South American Infrastructure industry average (20.3x).

PE vs Market: GAP B is poor value based on its PE Ratio (41.4x) compared to the MX market (12.8x).


Price to Earnings Growth Ratio

PEG Ratio: GAP B is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: GAP B is overvalued based on its PB Ratio (6.3x) compared to the MX Infrastructure industry average (3.6x).


Future Growth

How is Grupo Aeroportuario del Pacífico. de forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

19.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GAP B's forecast earnings growth (19.8% per year) is above the savings rate (7.1%).

Earnings vs Market: GAP B's earnings (19.8% per year) are forecast to grow faster than the MX market (10.8% per year).

High Growth Earnings: GAP B's earnings are forecast to grow, but not significantly.

Revenue vs Market: GAP B's revenue (11.8% per year) is forecast to grow faster than the MX market (5.1% per year).

High Growth Revenue: GAP B's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GAP B's Return on Equity is forecast to be high in 3 years time (27.6%)


Past Performance

How has Grupo Aeroportuario del Pacífico. de performed over the past 5 years?

-2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GAP B has high quality earnings.

Growing Profit Margin: GAP B's current net profit margins (27.3%) are lower than last year (29.7%).


Past Earnings Growth Analysis

Earnings Trend: GAP B's earnings have declined by 2.8% per year over the past 5 years.

Accelerating Growth: GAP B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GAP B had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Infrastructure industry average (-20.7%).


Return on Equity

High ROE: GAP B's Return on Equity (14.2%) is considered low.


Financial Health

How is Grupo Aeroportuario del Pacífico. de's financial position?


Financial Position Analysis

Short Term Liabilities: GAP B's short term assets (MX$18.3B) exceed its short term liabilities (MX$5.4B).

Long Term Liabilities: GAP B's short term assets (MX$18.3B) do not cover its long term liabilities (MX$25.6B).


Debt to Equity History and Analysis

Debt Level: GAP B's debt to equity ratio (120.1%) is considered high.

Reducing Debt: GAP B's debt to equity ratio has increased from 39.6% to 120.1% over the past 5 years.

Debt Coverage: GAP B's debt is not well covered by operating cash flow (19.7%).

Interest Coverage: GAP B's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

What is Grupo Aeroportuario del Pacífico. de current dividend yield, its reliability and sustainability?

3.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GAP B's dividend (3.03%) is higher than the bottom 25% of dividend payers in the MX market (1.88%).

High Dividend: GAP B's dividend (3.03%) is low compared to the top 25% of dividend payers in the MX market (4.88%).


Stability and Growth of Payments

Stable Dividend: GAP B's dividend payments have been volatile in the past 10 years.

Growing Dividend: GAP B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (189.6%), GAP B's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GAP B's dividends in 3 years are forecast to be covered by earnings (76.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Raul Revuelta Musalem (44 yo)

3.5yrs

Tenure

Mr. Raul Revuelta Musalem is the Chief Executive Officer at Grupo Aeroportuario del Pacífi since April 26, 2018. He is the Chief Executive Officer of the Cross Border Xpress. Mr. Musalem served as the Chie...


Leadership Team

Experienced Management: GAP B's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: GAP B's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
  • Ticker: GAP B
  • Exchange: BMV
  • Founded: 1998
  • Industry: Airport Services
  • Sector: Transportation
  • Market Cap: Mex$132.778b
  • Shares outstanding: 514.32m
  • Website: https://www.aeropuertosgap.com.mx

Number of Employees


Location

  • Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
  • Avenida Mariano Otero No. 1249-B
  • Torre PacIfico
  • Guadalajara
  • Jalisco
  • 44530
  • Mexico

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:38
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.