Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five Common Shares) (CPAC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.83	$0.92	+10.8%	—	$555.7M	—
Q4 25	$0.05	-$0.01	-120.0%	—	$559.5M	—
Q3 25	$0.04	$0.05	+25.0%	—	$574.1M	—
Q2 25	$0.02	$0.03	+50.0%	—	$484.1M	—
Q1 25	$0.03	$0.03	0.0%	—	$499.2M	—
Q4 24	$0.03	$0.15	+400.0%	—	$157M	—
Q2 24	—	$0.12	—	—	$457.1M	—
Q1 24	—	$0.16	—	—	$476.5M	—
Q4 23	$0.14	$0.11	-21.4%	—	$511.4M	—
Q4 22	$0.14	$0.12	-14.3%	—	$533.9M	—
Q3 22	$0.13	$0.14	+7.7%	—	$553.6M	—
Q2 22	$0.13	$0.14	+7.7%	—	$502.9M	—
Q1 22	—	$0.15	—	—	$525.4M	—
Q4 21	$0.08	$0.15	+87.5%	—	$524.9M	—
Q3 21	$0.04	$0.12	+200.0%	—	$507.2M	—
Q2 21	$0.04	$0.08	+100.0%	—	$440.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.8	—	—	$2.1B	—
FY24	—	$2.3	—	—	$589.8M	—
FY23	—	$1.95	—	—	$2B	—
FY22	—	$2.05	—	—	$2.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.2B	$1.2B	$1.3B	$1.4B	$1.3B	$1.9B	$2.1B	$2B	$589.8M	$2.1B
YoY change	+0.46%	-1.29%	+3.46%	+10.3%	-6.92%	+49.5%	+9.18%	-7.83%	-69.8%	+258.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.2B	1.2B	1.3B	1.4B	1.3B	1.9B	2.1B	2B	589.8M	2.1B
Cost of revenue	736.5M	733M	796.2M	905.8M	921M	1.4B	1.5B	1.3B	372.6M	1.3B
Gross profit	500.1M	487.8M	466.7M	486.9M	375.3M	559.4M	652M	689.5M	217.2M	806.9M
Gross margin	40.4%	40%	37%	35%	28.9%	28.9%	30.8%	35.4%	36.8%	38.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	208.3M	210.1M	199.5M	199.5M	180.1M	224.9M	268.5M	275.9M	89.9M	357.7M
Operating expenses	200.5M	204.3M	198.9M	195.3M	178.2M	218.5M	272.4M	289.7M	90.7M	355.5M
Operating income	284.1M	263.6M	242M	272M	173.7M	318.3M	355.3M	374.1M	116.6M	424.7M
Operating margin	23%	21.6%	19.2%	19.5%	13.4%	16.4%	16.8%	19.2%	19.8%	20.1%
Non-operating income, net	-13.8M	-67.3M	-40.9M	-2.2M	-2M	-8.1M	-1.1M	-33.3M	-249.3K	-75M
Pretax income	198.1M	128.4M	116.1M	194.4M	85.9M	224.1M	262.4M	245.7M	88.3M	268M
Income tax	78.6M	47M	41M	62.3M	28M	70.9M	85.6M	76.8M	29M	113.8M
Net income	112.9M	80.6M	75.1M	132M	57.9M	153.2M	176.8M	168.9M	59.3M	154.2M
Net margin	9.13%	6.61%	5.95%	9.48%	4.47%	7.9%	8.36%	8.66%	10.1%	7.28%
EBITDA	364.4M	366.5M	337.1M	389.2M	300.4M	439.5M	478.8M	524M	165.3M	593.8M
EPS	1.05	1.05	0.9	1.55	0.7	1.8	2.05	1.95	2.3	1.8
Diluted EPS	1.05	1.05	0.9	1.55	0.7	1.8	2.05	1.95	2.3	1.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	516.7M	511.4M	476.5M	457.1M	153.4M	157M	499.2M	484.1M	574.1M	559.5M	555.7M	558.9M
Cost of revenue	342M	309.7M	302.7M	295.5M	95.4M	98.2M	315.8M	304.4M	350.2M	339.6M	321.3M	337.7M
Gross profit	174.6M	201.6M	173.9M	161.6M	58M	58.8M	183.4M	179.7M	223.9M	219.9M	234.4M	221.1M
Gross margin	33.8%	39.4%	36.5%	35.3%	37.8%	37.5%	36.7%	37.1%	39%	39.3%	42.2%	39.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	72.8M	53.8M	76.3M	76.2M	24.7M	18.6M	85.5M	86.9M	96.7M	84.8M	90M	85.5M
Operating expenses	83.1M	58.8M	78.9M	77.9M	23.5M	19.3M	80.5M	83.1M	98.2M	89.8M	84.9M	82.7M
Operating income	91.6M	117.2M	95M	80.5M	34.5M	29.6M	95.6M	90.7M	121.3M	117.1M	139.7M	136.4M
Operating margin	17.7%	22.9%	19.9%	17.6%	22.5%	18.8%	19.2%	18.7%	21.1%	20.9%	25.1%	24.4%
Non-operating income, net	376K	-39.1M	-22K	-1.4M	40.9K	122.6K	791K	1.1M	-47K	-76.8M	-412K	-658K
Pretax income	67.1M	55.6M	70.5M	55.1M	27.6M	23M	73.9M	69.6M	106.4M	18M	118M	115.1M
Income tax	21M	19.7M	21.1M	18.3M	9.1M	8.1M	21.3M	21.8M	34.9M	35.8M	36.1M	37.8M
Net income	46.1M	35.9M	49.4M	36.8M	18.5M	14.9M	52.7M	47.8M	71.5M	-17.8M	81.9M	77.2M
Net margin	8.93%	7.01%	10.4%	8.05%	12.1%	9.51%	10.6%	9.88%	12.5%	-3.18%	14.7%	13.8%
EBITDA	131M	157.5M	134.1M	84.8M	46.3M	42.7M	134.9M	130.5M	167.9M	160.5M	177.9M	175.2M
EPS	0.55	0.5	0.6	0.45	0.75	—	0.6	0.55	0.85	-0.2	0.95	0.9
Diluted EPS	0.55	0.5	0.6	0.45	0.75	—	0.6	0.55	0.85	-0.2	0.95	0.9

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	3.7B	—	3B	2.9B	2.3B	2B	1.7B	1.6B	—	—	1B
Enterprise value	4.6B	—	4.1B	4B	2B	1.7B	3.1B	3.1B	—	—	655.3M
Shares outstanding	405.1M	331.8M	318.4M	318.4M	307.6M	316.4M	320.8M	313.1M	25.5M	85.6M	85.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	33	—	40.3	22.3	39.6	12.9	9.36	9.53	—	—	17.1
P/S	3.02	—	2.4	2.11	1.77	1.02	0.78	0.83	—	—	0.46
P/B	1.88	—	2.08	2.07	1.68	1.65	1.38	1.35	—	—	2.7
EV/EBITDA	12.8	—	12	10.2	6.63	3.87	6.44	5.92	—	—	3.39
EV/Sales	3.76	—	3.21	2.85	1.54	0.88	1.46	1.59	—	—	0.99
Earnings yield	3.03%	—	2.48%	4.49%	2.52%	7.78%	10.7%	10.5%	—	—	5.84%
FCF yield	2.8%	—	3.05%	4.16%	12.2%	3.86%	-4.03%	7.64%	—	—	12.5%
PEG	—	—	—	—	—	—	—	—	—	—	0.27

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	40.4%	40%	37%	35%	28.9%	28.9%	30.8%	35.4%	36.8%	38.1%	39.6%
Operating margin	23%	21.6%	19.2%	19.5%	13.4%	16.4%	16.8%	19.2%	19.8%	20.1%	24.4%
Net margin	9.13%	6.61%	5.95%	9.48%	4.47%	7.9%	8.36%	8.66%	10.1%	7.28%	9.47%
ROE	5.7%	5.35%	5.18%	9.29%	4.23%	12.8%	14.8%	14.2%	16.4%	12.9%	16%
ROA	3.4%	2.87%	2.62%	4.5%	1.92%	4.78%	5.34%	5.24%	6.28%	4.97%	9.97%
ROIC	5.91%	6.9%	6.3%	7.53%	11%	23.4%	9.12%	9.59%	9.93%	9.52%	12.1%
Return on tangible assets	3.4%	2.87%	2.69%	4.64%	1.98%	4.93%	5.51%	5.44%	6.53%	5.16%	6.87%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.99	2.7	2.37	2.12	3.31	1.4	1.25	1.44	1.3	1.09	1.22
Quick ratio	3.07	0.88	0.74	0.65	1.57	0.56	0.32	0.29	0.29	0.28	0.5
Debt / equity	0.5	0.64	0.75	0.78	0	0	1.34	1.33	1.24	1.2	1.03
Debt / assets	0.3	0.34	0.38	0.38	0	0	0.48	0.49	0.47	0.46	0.43
Net debt / EBITDA	2.52	2.5	3.07	2.66	-1.01	-0.61	2.98	2.85	2.58	2.32	1.74
Interest coverage	5.32	3.8	3.39	4.13	2.21	4.12	4.42	3.44	3.99	3.93	5.04
Effective tax rate	39.7%	36.6%	35.3%	32.1%	32.6%	31.7%	32.6%	31.3%	32.9%	42.5%	40.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.05	3.68	3.97	4.37	4.21	6.12	6.6	6.23	23.1	24.7	26.3
EPS (basic)	1.05	1.05	0.9	1.55	0.7	1.8	2.05	1.95	2.3	1.8	1.8
EPS (diluted)	1.05	1.05	0.9	1.55	0.7	1.8	2.05	1.95	2.3	1.8	0.71
Book value per share	4.89	4.54	4.56	4.46	4.45	3.78	3.73	3.8	14.2	13.9	4.51
FCF per share	0.26	0.52	0.29	0.38	0.91	0.24	-0.21	0.39	2.81	2.83	4.41
Cash per share	0.2	0.15	0.15	0.21	1	0.86	0.53	0.29	0.85	0.63	2.33
Capex per share	0.33	0.22	0.21	0.23	0.14	0.26	0.5	0.87	0.7	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	11%	5.84%	5.37%	5.28%	3.29%	4.2%	7.57%	13.9%	3.03%	—	—
Capex / operating cash flow	36.4%	26.4%	24.4%	25.6%	10.5%	32.5%	73.8%	45.7%	11.4%	—	—
Payout ratio	136.8%	155%	228.6%	91.6%	248.1%	219.9%	101.7%	103.9%	88%	113.8%	83.3%
Dividend yield	4.14%	—	5.68%	4.12%	6.26%	17.1%	10.9%	10.9%	—	—	18%

Yield

18%

trailing twelve months

Frequency

Annual

Last dividend

$0.5421

ex-dividend Nov 21, 2024

Payout ratio

83%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Nov 21, 2024	$0.5421
Nov 22, 2023	$0.5403
Nov 16, 2022	$0.5276
Jun 21, 2021	$0.9957
Dec 4, 2020	$0.3186
Dec 6, 2019	$0.5389
Nov 8, 2018	$0.5564
Nov 14, 2017	$0.4982

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$516.7M	$511.4M	$476.5M	$457.1M	$153.4M	$157M	$499.2M	$484.1M	$574.1M	$559.5M	$555.7M	$558.9M
YoY change	-6.66%	-4.22%	-0.72%	+3.41%	-70.3%	-69.3%	+4.75%	+5.91%	+274.2%	+256.3%	+11.3%	+15.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	80.2M	49.2M	49.1M	68.3M	308.9M	273.4M	168.7M	90.2M	21.7M	53.6M
Receivables	68.5M	81.3M	80.3M	100.2M	73.4M	91.1M	78.5M	83.8M	28.5M	107.5M
Inventory	346.5M	373M	424.8M	519M	460.6M	605.2M	885M	791.1M	230.8M	707.1M
Total current assets	900.7M	553.4M	619.3M	748.3M	877.7M	1B	1.2B	992.2M	296M	949.7M
Property, plant & equipment	1.7B	1.5B	1.5B	1.4B	1.3B	1.3B	1.3B	1.3B	301.9M	978.9M
Goodwill & intangibles	—	0	74.4M	87.2M	92.2M	92.3M	104.1M	116.7M	35.3M	116M
Total assets	3.3B	2.8B	2.9B	2.9B	3B	3.2B	3.3B	3.2B	944.1M	3.1B
Accounts payable	64.1M	76.5M	68.1M	84.9M	83.8M	111.3M	156.6M	107.3M	28.8M	94.7M
Short-term debt	—	—	60.8M	98.8M	1.5M	1.9M	620.9M	387.1M	137.6M	537.2M
Total current liabilities	180.7M	205M	261.8M	352.7M	265.1M	722.2M	953.1M	689.4M	228.3M	872.6M
Long-term debt	998.1M	965.3M	1B	1B	5.1M	4M	976.6M	1.2B	310.5M	891.2M
Total liabilities	1.3B	1.3B	1.4B	1.5B	1.6B	2B	2.1B	2B	582.3M	1.9B
Shareholders' equity	2B	1.5B	1.5B	1.4B	1.4B	1.2B	1.2B	1.2B	361.7M	1.2B
Total debt	998.1M	965.3M	1.1B	1.1B	6.6M	5.8M	1.6B	1.6B	448.1M	1.4B
Net debt	917.9M	916.1M	1B	1B	-302.3M	-267.6M	1.5B	1.5B	426.4M	1.4B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	185.6M	90.2M	55.3M	87.3M	51.1M	21.7M	54.8M	80.6M	182.4M	53.6M	78.6M	199.5M
Receivables	96.1M	83.8M	136.9M	128.4M	38.4M	28.5M	93.4M	87M	102.5M	107.5M	115M	119.3M
Inventory	817.7M	791.1M	772.8M	770.8M	233.2M	230.8M	750.5M	749.3M	750.7M	707.1M	695.4M	651.5M
Total current assets	1.1B	992.2M	1B	1B	332.2M	296M	1B	1.1B	1.2B	949.7M	1B	1.1B
Property, plant & equipment	2.2B	1.3B	2.1B	2.1B	605.7M	301.9M	1B	993.6M	981.3M	978.9M	950.9M	914.4M
Goodwill & intangibles	130.7M	116.7M	133M	133.1M	39.9M	35.3M	114.4M	112.7M	113.1M	116M	111.4M	108.4M
Total assets	3.4B	3.2B	3.2B	3.2B	974.7M	944.1M	3.2B	3.2B	3.3B	3.1B	3.1B	3.2B
Accounts payable	277.5M	107.3M	212.6M	232.8M	74.6M	28.8M	86.4M	109.6M	113.8M	94.7M	83.8M	88.9M
Short-term debt	3.2M	387.1M	423.9M	423.5M	125.6M	137.6M	4.8M	499M	499.2M	537.2M	590.2M	574.7M
Total current liabilities	691.1M	689.4M	660.2M	670.8M	212.4M	228.3M	758.2M	795.7M	827.3M	872.6M	855.1M	905.1M
Long-term debt	3.8M	1.2B	1.2B	1.1B	320M	310.5M	13.4M	969.2M	930.5M	891.2M	851.7M	811.8M
Total liabilities	2.1B	2B	2B	1.9B	578.1M	582.3M	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B
Shareholders' equity	1.3B	1.2B	1.2B	1.3B	396.7M	361.7M	1.3B	1.3B	1.4B	1.2B	1.3B	1.4B
Total debt	7M	1.6B	1.6B	1.5B	445.6M	448.1M	18.2M	1.5B	1.4B	1.4B	1.4B	1.4B
Net debt	-170.1M	1.5B	1.5B	1.5B	404.2M	426.4M	-36.6M	1.4B	1.2B	1.4B	1.4B	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	185.1M	127.1M	116.1M	194.4M	85.9M	224.1M	262.4M	245.7M	88.3M	268M
Depreciation & amortization	111.3M	124.2M	129.8M	129.8M	139.2M	135.6M	138.5M	144.2M	47.2M	159.5M
Stock-based compensation	16.1M	11.4M	9.5M	6.5M	—	—	—	—	—	—
Change in working capital	-21.9M	-63M	-63.1M	-121M	92.1M	-199.2M	-286.2M	88.7M	-8.4M	65M
Operating cash flow	372.9M	270.5M	278.1M	286.9M	405.1M	250.3M	216.9M	593.4M	157.3M	360.6M
Capital expenditure	-135.6M	-71.3M	-67.8M	-73.5M	-42.7M	-81.4M	-160.1M	-271.2M	-17.9M	—
Investing cash flow	-135.6M	-70.6M	-67.8M	-74.2M	-43.2M	-82.9M	-160.5M	-272.7M	-17.9M	26K
Dividends paid	-154.4M	-125M	-171.8M	-121M	-143.6M	-336.8M	-179.8M	-175.4M	-52.2M	-175.5M
Share repurchases	0	-34.2M	0	0	—	—	—	—	—	—
Financing cash flow	-149.9M	-158.7M	-78.9M	-91.9M	-114.8M	-130.1M	-121.5M	-200.8M	-77.9M	-264.4M
Net change in cash	87.4M	41.2M	131.4M	120.8M	247.2M	37.3M	-65M	119.9M	61.5M	96.2M
Free cash flow	104.6M	172.7M	92.4M	122.1M	278.8M	76M	-66.7M	123M	71.6M	241.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	59.8M	67.1M	55.6M	70.5M	27.6M	23M	73.9M	69.6M	106.4M	18M	118M	115.1M
Depreciation & amortization	34M	37.4M	38.9M	37.8M	11.3M	12.9M	39M	39.6M	39.3M	41.6M	38.2M	38.4M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	8.1M	106.4M	21.2M	-20.7M	-5.2M	400.5K	5.3M	-9.7M	12.6M	56.8M	9.5M	46.2M
Operating cash flow	126.4M	236.8M	155M	112.5M	40.3M	44.6M	142M	121.3M	170M	80.8M	40.6M	191M
Capital expenditure	-72.8M	-94.3M	-28.8M	-13.6M	-2.1M	-7.3M	-33.7M	-17M	—	—	—	—
Investing cash flow	-82.8M	-93.6M	-20.8M	-14M	-11.8M	2.5M	-34.7M	-17M	0	1M	0	0
Dividends paid	-184K	-127K	-174.8M	-184K	-41.8K	-52.1M	-454K	-120K	-125K	-174.8M	-470K	-22K
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-655K	-40M	-184.9M	-2.8M	-12M	-53M	-41.6M	-4.3M	-41.2M	-177.3M	11.4M	-55.2M
Net change in cash	43M	103.3M	-50.7M	95.7M	16.5M	-5.9M	65.7M	100M	128.8M	-95.6M	52M	135.8M
Free cash flow	30.7M	149.4M	81.6M	-31.4M	36M	23.3M	24.2M	27.7M	143.2M	46.8M	11.6M	175.9M

Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five Common Shares) Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement