Cementos Pacasmayo S.A.A.

BVL:CPAC Stock Report

Market Cap: US$536.3m

Cementos PacasmayoA Valuation

Is CPAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CPAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CPAC ($5.5) is trading below our estimate of fair value ($8.42)

Significantly Below Fair Value: CPAC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CPAC?

Key metric: As CPAC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CPAC. This is calculated by dividing CPAC's market cap by their current earnings.
What is CPAC's PE Ratio?
PE Ratio11x
EarningsS/184.65m
Market CapS/2.04b

Price to Earnings Ratio vs Peers

How does CPAC's PE Ratio compare to its peers?

The above table shows the PE ratio for CPAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.9x
UNACEMC1 UNACEM CorpA
6.7xn/aS/2.5b
CONCESI1 Consorcio Cementero del Sur
4xn/aS/1.4b
ETERNII1 Fábrica Peruana Eternit
2.9xn/aS/58.2m
NEXAPEC1 Nexa Resources PerúA
14.1xn/aS/2.0b
CPAC Cementos PacasmayoA
11x12.5%US$2.0b

Price-To-Earnings vs Peers: CPAC is expensive based on its Price-To-Earnings Ratio (11x) compared to the peer average (6.9x).

Price to Earnings Ratio vs Industry

How does CPAC's PE Ratio compare vs other companies in the Global Basic Materials Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CPAC 11.0xIndustry Avg. 16.4xNo. of Companies47PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CPAC is good value based on its Price-To-Earnings Ratio (11x) compared to the Global Basic Materials industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is CPAC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CPAC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ratio8.5x

Price-To-Earnings vs Fair Ratio: CPAC is expensive based on its Price-To-Earnings Ratio (11x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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