Want to see PAC full AI Analyst Report?
Top Page
Grupo Aeroportuario del Pacifico
(NYSE:PAC)
Select Model
Select Model
Rating:67Neutral
Price Target:
$217.00
▲(5.32% Upside)
Action:Reiterated
Date:07/16/26
The score is supported primarily by strong profitability and improving leverage, plus constructive earnings-call guidance on EBITDA growth and diversification (including CBX). These positives are tempered by weak free-cash-flow conversion and a clearly bearish technical setup (below key moving averages with negative MACD), while valuation is moderately supportive due to a reasonable P/E and a high dividend yield.
Positive Factors
Strong profitability and growth
PAC combines substantial revenue expansion with very high operating margins, indicating strong monetization of its airport infrastructure and commercial platforms. This profitability supports reinvestment, resilience across traffic cycles, and continued earnings generation over the next several quarters.
Negative Factors
Passenger traffic remains pressured
Passenger volumes remain a central driver of aeronautical fees, retail activity, and parking demand, so a flat-to-declining traffic outlook limits near-term organic growth. Persistent weakness would also reduce operating leverage and make PAC more dependent on commercial initiatives to protect earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and growth
PAC combines substantial revenue expansion with very high operating margins, indicating strong monetization of its airport infrastructure and commercial platforms. This profitability supports reinvestment, resilience across traffic cycles, and continued earnings generation over the next several quarters.
Read all positive factors
Grupo Aeroportuario del Pacifico (PAC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.53B
Dividend Yield3.83%
Average Volume (3M)127.78K
Price to Earnings (P/E)18.5
Beta (1Y)0.51
Revenue Growth16.80%
EPS Growth17.58%
CountryUS
Employees3,637
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)208.30
Shares Outstanding42,948,586
10 Day Avg. Volume156,620
30 Day Avg. Volume127,781
Financial Highlights & Ratios
PEG Ratio1.90
Price to Book (P/B)10.68
Price to Sales (P/S)7.38
P/FCF Ratio40.99
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$275.00Price Target Upside33.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)12.02
Revenue Forecast (FY)$2.49B
Grupo Aeroportuario del Pacifico Business Overview & Revenue Model
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., through its subsidiaries, is dedicated to the comprehensive management, operation, and development of airports, predominantly situated in Mexico's Pacific region. The company oversees a network of ...
How the Company Makes Money
PAC generates revenue mainly by operating airports and monetizing both regulated airport-use activities and commercial real estate/retail activity on airport property. Key revenue streams typically include: (1) Aeronautical revenues: fees and char...
Grupo Aeroportuario del Pacifico Earnings Call Summary
Earnings Call Date:Jul 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call presented a broadly constructive operational and financial story despite traffic headwinds. Key positives include revenue ex‑construction growth, strong non‑aeronautical performance (+23.9%), successful initial consolidation and contribution from CBX, a sizeable EBITDA increase (8.4%) and margin expansion to 69.3%, and strengthened liquidity (MXN 5.4 billion). Offsetting these positives are meaningful demand challenges: total passenger traffic was down 5.6% in Q2, aeronautical revenue declined 3.2%, a sharp 27% drop in international passengers at Puerto Vallarta, lingering Jamaica recovery from Hurricane Melissa, FX translation headwinds (peso +10.9% YoY), and some disclosure ambiguity on CapEx guidance. Management’s revised guidance (aeronautical +1–4%, non‑aero +21–24%, EBITDA +10–12%) and emphasis on diversified revenue streams suggest confidence in protecting earnings even if traffic recovery is gradual. Overall, the highlights—profitability, diversification, CBX contribution, and liquidity—outweigh the lowlights relating to passenger volumes and specific market disruptions, though near‑term risks remain.Positive Updates
Revenue and EBITDA Growth
Revenue excluding construction services rose 4.9% YoY in Q2 2026; EBITDA increased 8.4% YoY to MXN 6.0 billion, with EBITDA margin expanding 230 basis points to 69.3%.
Negative Updates
Passenger Traffic Decline
Total passenger traffic across the 14-airport network declined 5.6% YoY in Q2 2026; revised 2026 passenger guidance is -3% to flat, reflecting ongoing headwinds and a gradual recovery assumption.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and EBITDA Growth
Revenue excluding construction services rose 4.9% YoY in Q2 2026; EBITDA increased 8.4% YoY to MXN 6.0 billion, with EBITDA margin expanding 230 basis points to 69.3%.
Read all positive updates
Company Guidance
GAP updated 2026 guidance calling for total passenger traffic of -3% to flat, aeronautical revenues up 1%–4%, non‑aeronautical revenues up 21%–24% (including CBX consolidation), EBITDA growth of 10%–12% with an EBITDA margin of ~67% ±1%, and CapEx of ~MXN 4 billion (noting MXN 9 billion of committed MDP investment in Mexico, MXN 2 billion in Jamaica and MXN 1 billion for commercial investments); assumptions include consolidation of CBX and internalization of technical assistance, H1 tariff compliance at ~90% rising to ~95% by year‑end, an H2 FX assumption around MXN 17.5/USD, 19 new routes added in the quarter, and CBX’s initial contribution (MXN 168m revenue in May–June from >626k passengers at ~$42.8 per pax and MXN 216m of EBITDA in the first two months), while the company expects the effective tax rate to remain broadly unchanged.Grupo Aeroportuario del Pacifico Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.29B | 32.53B | 26.78B | 33.22B | 27.38B | 19.01B |
| Gross Profit | 11.06B | 25.06B | 20.67B | 19.41B | 14.54B | 9.38B |
| EBITDA | 20.63B | 17.87B | 18.11B | 18.68B | 16.10B | 10.90B |
| Net Income | 10.94B | 10.00B | 8.61B | 9.54B | 9.01B | 6.00B |
Balance Sheet | ||||||
| Total Assets | 140.37B | 88.14B | 81.65B | 67.44B | 60.51B | 55.32B |
| Cash, Cash Equivalents and Short-Term Investments | 19.77B | 10.45B | 13.47B | 10.06B | 12.37B | 13.33B |
| Total Debt | 65.67B | 46.66B | 48.03B | 40.62B | 34.41B | 27.92B |
| Total Liabilities | 85.11B | 63.30B | 57.03B | 46.50B | 40.68B | 34.89B |
| Stockholders Equity | 52.66B | 22.47B | 22.35B | 19.78B | 18.64B | 19.29B |
Cash Flow | ||||||
| Free Cash Flow | 3.75B | 5.85B | 8.83B | 3.49B | 4.09B | 6.15B |
| Operating Cash Flow | 18.72B | 18.25B | 16.67B | 13.93B | 12.52B | 11.10B |
| Investing Cash Flow | -21.67B | -12.27B | -8.78B | -11.09B | -8.48B | -4.97B |
| Financing Cash Flow | 12.01B | -9.43B | -5.02B | -4.79B | -4.93B | -7.35B |
Grupo Aeroportuario del Pacifico Technical Analysis
Negative
206.04
Price Trends
210.23
Negative
224.78
Negative
242.18
Negative
Market Momentum
-1.20
Negative
36.64
Neutral
36.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAC, the sentiment is Negative. The current price of 206.04 is below the 20-day moving average (MA) of 206.12, below the 50-day MA of 210.23, and below the 200-day MA of 242.18, indicating a bearish trend. The MACD of -1.20 indicates Negative momentum. The RSI at 36.64 is Neutral, neither overbought nor oversold. The STOCH value of 36.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PAC.
Grupo Aeroportuario del Pacifico Risk Analysis
Grupo Aeroportuario del Pacifico disclosed 64 risk factors in its most recent earnings report. Grupo Aeroportuario del Pacifico reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Increasing scrutiny and evolving expectations from customers, regulators, investors and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks. Q4, 2023
Grupo Aeroportuario del Pacifico Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.76B | 15.54 | 50.53% | 5.58% | 13.97% | 14.66% | |
67 Neutral | $12.53B | 18.50 | 39.76% | 3.83% | 16.80% | 17.58% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $7.23B | 12.83 | 31.71% | 9.38% | 23.46% | -12.16% |
* Industrials Sector Average
PAC
Grupo Aeroportuario del Pacifico
196.61
-35.35
-15.24%
OMAB
Grupo Aeroportuario Del Centro
94.18
-6.02
-6.01%
ASR
Grupo Aeroportuario del Sureste
231.39
-74.07
-24.25%
Grupo Aeroportuario del Pacifico Corporate Events
Grupo Aeroportuario del Pacífico Consolidates Investor Relations Under CFO After Leadership Change
Aug 7, 2026
On August 6, 2026, Grupo Aeroportuario del Pacífico announced that Alejandra Soto will step down as Investor Relations and Social Responsibility Officer, effective August 7, 2026, after more than 18 years with the company. The airport operato...
Grupo Aeroportuario del Pacífico Posts Modest Passenger Growth in July 2026
Aug 6, 2026
In July 2026, Grupo Aeroportuario del Pacífico reported a 1.2% year-on-year increase in total terminal passenger traffic across its network, as growth at key Mexican hubs offset weakness at tourist-heavy and Jamaican airports. The 12 Mexican ...
Grupo Aeroportuario del Pacífico Posts Strong 2Q26 Results After CBX Merger Completion
Jul 14, 2026
Grupo Aeroportuario del Pacífico reported unaudited results for the second quarter ended June 30, 2026, showing a 3.7% rise in total revenues and an 8.4% increase in EBITDA despite a 5.6% decline in total passenger traffic across its 14 airpo...
Grupo Aeroportuario del Pacífico Posts June Passenger Decline but Adds New Routes
Jul 7, 2026
On July 6, 2026, Grupo Aeroportuario del Pacífico reported that total passenger traffic across its network fell 5.1% in June 2026 versus June 2025, with Mexican airports down 3.5% and Jamaica posting particularly sharp declines at Montego Bay...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.