CPACCementos Pacasmayo S.A.A.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.2×).
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 16% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CPAC?
Cementos Pacasmayo S.A.A. earns 28% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 19 points above what the capital costs: growth creates value
- Operating margin
- 20%
Operating margin · Building Materials median 17% · fiscal year to FY2024
- Cash conversion
- 1.22×
Cash conversion · 1.78× a year ago · operating cash flow covers the operating profit after tax
- Gross margin
- 37%
Gross margin
| Year | Operating margin |
|---|---|
| FY2019 | 19% |
| FY2020 | 14% |
| FY2021 | 16% |
| FY2022 | 17% |
| FY2023 | 17% |
| FY2024 | 20% |
Details›
- Gross marginfiscal year to FY2024
- 37%
- Operating marginfiscal year to FY2024
- 20%
- Net marginfiscal year to FY2024
- 10%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $1.98B
- Free cash flow, trailing twelve months
- $257M
- Net income, trailing twelve months
- $199M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 28%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.