Cementos Pacasmayo Saa (CPAC) intrinsic value & 10-year financials
Cementos Pacasmayo Saa (CPAC) has a Graham intrinsic value of $5.08 per share. Over the last 10 fiscal years revenue grew 5.4% a year to $2.0B, with an average return on invested capital of 12.2%.
- Graham intrinsic value
- $5.08
- Revenue (FY2024)
- $2.0B
- Revenue growth (10-yr CAGR)
- 5.4%
- ROIC (10-yr avg)
- 12.2%
- Free cash flow (FY2024)
- $256.8M
CPAC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $2.0B | $198.9M | $0.46 | $256.8M | 19.8% | 21.9% |
| FY2023 | $2.0B | $168.9M | $0.39 | $139.7M | 17.3% | 19.5% |
| FY2022 | $2.1B | $176.8M | $0.41 | -$51.0M | 16.8% | 20.0% |
| FY2021 | $1.9B | $153.2M | $0.36 | $85.0M | 16.4% | 17.0% |
| FY2020 | $1.3B | $57.9M | $0.14 | $284.0M | 13.6% | 8.5% |
| FY2019 | $1.4B | $132.0M | $0.31 | $127.5M | 19.4% | 7.6% |
| FY2018 | $1.3B | $75.1M | $0.18 | $123.4M | 19.2% | 6.5% |
| FY2017 | $1.2B | $80.6M | $0.21 | $179.1M | 16.2% | 4.7% |
| FY2016 | $1.2B | $112.9M | $0.21 | $115.2M | 22.0% | 5.5% |
| FY2015 | $1.2B | $211.7M | $0.38 | -$195.5M | 26.6% | 11.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CEMENTOS PACASMAYO SAA has demonstrated mature, steady growth, with revenue compounding at 5.4% annually over the past decade.
CEMENTOS PACASMAYO SAA has historically struggled to out-earn its cost of capital, averaging just 6.1% ROIC.
Over the decade, CEMENTOS PACASMAYO SAA shows that management has aggressively returned capital to shareholders by retiring 25.4% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CEMENTOS PACASMAYO SAA is modeled at 2.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.08 per share.