Cementos Pacasmayo S.A.A. (CPAC) 股票分析

公司概述

Cementos Pacasmayo S.A.A. (CPAC) is a Peruvian enterprise dedicated to the production, distribution, and sale of cement along with related construction materials. The company operates within the Basic Materials sector and specifically within the Building Materials industry, serving the residential and commercial construction markets. This entity manages three distinct operational segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. In terms of scale, the company holds a market capitalization of $923.00M and generates annual revenue of $2.12B, with an employee count listed as N/A in the available data. These valuation and revenue figures indicate that CPAC maintains a significant presence in the regional market, reflecting a substantial asset base and revenue generation capability relative to peers in the building materials sector.

财务健康

The company reported revenue of $2.12B and net income of $154.20M over the trailing twelve months, while EBITDA stood at $490.27M. The substantial gap between the $2.12B revenue and the $154.20M net income reveals a cost structure where operating expenses and taxes consume approximately 92.7% of gross revenue before interest and taxes are considered. Free cash flow for the period was $261.86M, which signifies strong financial flexibility allowing the firm to cover capital expenditures and potentially service debt without immediate equity dilution. The margin profile shows a Gross Margin of 38.1%, an Operating Margin of 6.9%, and a Profit Margin of 7.3%, indicating that after all operating costs are deducted, the company retains a modest portion of revenue as bottom-line profit. On the balance sheet, total cash is $53.57M while total debt reaches $1.43B, resulting in a Debt to Equity ratio of 119.89, which characterizes the balance sheet as highly leveraged rather than conservative. The Current Ratio is 1.09, suggesting that current assets barely exceed current liabilities, which indicates tight short-term liquidity management with limited buffer against unexpected cash outflows. Return on Equity is 12.8% and Return on Assets is 6.9%, metrics that reveal management generates moderate returns on shareholder capital and asset base, respectively, though the high leverage inflates the ROE figure significantly.

估值评估

The trailing twelve-month P/E ratio is 20.73, whereas the forward P/E ratio is significantly higher at 70.00. This stark difference implies that the market expects earnings growth to be minimal or potentially negative in the near future, as current valuation multiples are heavily inflated relative to projected earnings. The Price to Book ratio stands at 2.71, indicating that the market prices the company at a substantial premium of 171% over its tangible book value. Alternative valuation metrics such as a Price to Sales ratio of 0.44 and an EV/EBITDA of 12.22 suggest the stock is priced affordably relative to sales volume but requires context when compared to earnings-based multiples. The stock has traded between a 52-Week High of $11.50 and a 52-Week Low of $5.10, and without the current specific share price in the source data, the exact percentage deviation cannot be calculated, but the range defines the historical volatility envelope. The Beta is 0.16, which indicates that the stock price exhibits very low volatility relative to the broader market, moving with less intensity than the overall index.

Growth & Income

Revenue growth year-over-year is recorded at 6.2%, while earnings growth is listed as N/A in the available facts. The absence of reported earnings growth data prevents a direct comparison of whether profitability is expanding faster than top-line sales, though the revenue increase suggests underlying demand for construction materials. For dividend payers, the company offers a Dividend Yield of 5.6% with a Payout Ratio of 115.8%, meaning dividends currently exceed reported net income. This payout ratio suggests the dividend is not fully sustainable based on current net income figures and may rely on cash flow or reserves, given that net income is only $154.20M against $261.86M in free cash flow. The high payout ratio implies a potential risk of dividend cuts if earnings do not improve significantly to cover the current distribution level. Overall, the growth and income profile presents a mix of modest revenue expansion and a high-yield but potentially strained dividend policy that investors must weigh against the company's leverage and liquidity constraints.