CEMENTOS PACASMAYO S.A.A. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.2 PEN | 0.00% |
|
-1.18% | +11.11% |
| Apr. 30 | Transcript : Cementos Pacasmayo S.A.A., Q1 2024 Earnings Call, Apr 30, 2024 | |
| Apr. 30 | Cementos Pacasmayo S.A.A. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,625 | 2,266 | 2,119 | 1,689 | 1,617 | 1,795 | - | - |
| Enterprise Value (EV) 1 | 3,658 | 3,232 | 3,397 | 3,205 | 3,108 | 3,145 | 3,103 | 3,058 |
| P/E ratio | 19.8 x | - | 13.8 x | 9.63 x | 9.69 x | 8.48 x | 8.4 x | 7.37 x |
| Yield | 5.85% | 4.34% | 16% | - | 10.8% | 32% | 34% | 36.1% |
| Capitalization / Revenue | 1.88 x | 1.75 x | 1.09 x | 0.8 x | 0.83 x | 0.91 x | 0.87 x | 0.83 x |
| EV / Revenue | 2.63 x | 2.49 x | 1.75 x | 1.51 x | 1.59 x | 1.59 x | 1.5 x | 1.42 x |
| EV / EBITDA | 9.14 x | 10.3 x | 7.48 x | 6.49 x | 6 x | 5.73 x | 5.4 x | 5.02 x |
| EV / FCF | 28.7 x | 11.4 x | 40 x | -48.1 x | 25.3 x | 3.39 x | 3.75 x | 3.48 x |
| FCF Yield | 3.48% | 8.79% | 2.5% | -2.08% | 3.96% | 29.5% | 26.7% | 28.8% |
| Price to Book | 1.83 x | 1.65 x | 1.75 x | - | 1.36 x | 0.97 x | 0.95 x | 0.93 x |
| Nbr of stocks (in thousands) | 428,107 | 428,107 | 428,107 | 428,107 | 428,107 | 428,107 | - | - |
| Reference price 2 | 6.150 | 5.300 | 4.950 | 3.950 | 3.780 | 4.200 | 4.200 | 4.200 |
| Announcement Date | 2/12/20 | 2/15/21 | 2/14/22 | 2/15/23 | 2/14/24 | - | - | - |
1PEN in Million2PEN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,393 | 1,296 | 1,938 | 2,116 | 1,950 | 1,982 | 2,065 | 2,159 |
| EBITDA 1 | 400.3 | 315.3 | 453.9 | 493.9 | 518.3 | 548.7 | 574.6 | 609.5 |
| EBIT 1 | 270.5 | 176.1 | 318.2 | 355.3 | 337.6 | 410.2 | 416.4 | 444.6 |
| Operating Margin | 19.42% | 13.59% | 16.42% | 16.79% | 17.31% | 20.69% | 20.17% | 20.59% |
| Earnings before Tax (EBT) 1 | 194.4 | 85.9 | 224.1 | 262.4 | 245.7 | 315 | 320.5 | 349.3 |
| Net income 1 | 132 | 57.89 | 153.2 | 176.8 | 168.9 | 199.6 | 217.5 | 243 |
| Net margin | 9.48% | 4.47% | 7.9% | 8.36% | 8.66% | 10.07% | 10.53% | 11.26% |
| EPS 2 | 0.3100 | - | 0.3600 | 0.4100 | 0.3900 | 0.4950 | 0.5000 | 0.5700 |
| Free Cash Flow 1 | 127.5 | 284 | 84.97 | -66.68 | 123 | 928.5 | 827.5 | 880 |
| FCF margin | 9.15% | 21.91% | 4.38% | -3.15% | 6.31% | 46.84% | 40.07% | 40.76% |
| FCF Conversion (EBITDA) | 31.84% | 90.09% | 18.72% | - | 23.73% | 169.22% | 144.01% | 144.37% |
| FCF Conversion (Net income) | 96.56% | 490.62% | 55.47% | - | 72.83% | 465.07% | 380.52% | 362.13% |
| Dividend per Share 2 | 0.3600 | 0.2300 | 0.7900 | - | 0.4100 | 1.345 | 1.430 | 1.515 |
| Announcement Date | 2/12/20 | 2/15/21 | 2/14/22 | 2/15/23 | 2/14/24 | - | - | - |
1PEN in Million2PEN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | 524.9 | 525.4 | 502.9 | 553.6 | 533.9 | 480 | 442 | 516.7 | 511.4 | 476.5 | - | - | - |
| EBITDA 1 | 141.5 | 127.5 | 120.5 | 124.9 | 121 | 120.7 | 112.6 | 128.9 | 156.1 | 132.8 | 129 | 157 | 145 |
| EBIT | - | - | 85.88 | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | 17.08% | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | 69.99 | - | - | - | - | - | - | - | - | - | - |
| Net income | 51.59 | 45.72 | 48 | 44.2 | 38.9 | 43.5 | 43.43 | 46 | 35.9 | 49.44 | - | - | - |
| Net margin | 9.83% | 8.7% | 9.54% | 7.98% | 7.29% | 9.06% | 9.83% | 8.9% | 7.02% | 10.37% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/14/22 | 4/27/22 | 7/22/22 | 10/26/22 | 2/15/23 | 4/27/23 | 7/20/23 | 10/26/23 | 2/14/24 | 4/30/24 | - | - | - |
1PEN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,034 | 966 | 1,278 | 1,516 | 1,491 | 1,350 | 1,308 | 1,263 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.582 x | 3.065 x | 2.815 x | 3.069 x | 2.877 x | 2.46 x | 2.275 x | 2.072 x |
| Free Cash Flow 1 | 127 | 284 | 85 | -66.7 | 123 | 929 | 828 | 880 |
| ROE (net income / shareholders' equity) | 8.54% | 4.15% | 12% | 14.8% | 14.2% | 18.6% | 18.8% | 21% |
| ROA (Net income/ Total Assets) | 4.23% | 1.95% | 4.93% | 5.43% | 5.17% | 6.6% | 6.67% | 6.76% |
| Assets 1 | 3,119 | 2,974 | 3,109 | 3,257 | 3,268 | 3,023 | 3,258 | 3,594 |
| Book Value Per Share 2 | 3.350 | 3.220 | 2.820 | - | 2.780 | 4.340 | 4.430 | 4.500 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 77.7 | 47.3 | 85.6 | 178 | 289 | 91 | 96 | 101 |
| Capex / Sales | 5.58% | 3.65% | 4.42% | 8.44% | 14.84% | 4.59% | 4.65% | 4.66% |
| Announcement Date | 2/12/20 | 2/15/21 | 2/14/22 | 2/15/23 | 2/14/24 | - | - | - |
1PEN in Million2PEN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
4.2
PEN
Average target price
4.555
PEN
Spread / Average Target
+8.45%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.11% | 473M | |
| +23.84% | 50.3B | |
| +13.64% | 16.5B | |
| -17.10% | 13.92B | |
| -5.10% | 11.9B | |
| -1.15% | 7.99B | |
| +5.90% | 7.27B | |
| +105.28% | 7.26B | |
| +33.12% | 7.25B | |
| -18.56% | 6.48B |
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- Financials Cementos Pacasmayo S.A.A.
