2024-07-24 15:45:24 ET
Summary
- Cementos Pacasmayo S.A.A. is a leading cement manufacturer from Peru. The company has a quasi-monopoly in the north of the country.
- Cement has been on a negative trend in Peru for three years. This has affected Pacasmayo, albeit the company enjoys a large infrastructure project.
- Pacasmayo's margins are improving thanks to material costs and new capacity added, despite the fall in volumes.
- At an EV/NOPAT of 10x and a P/E of 12x, the stock does not seem attractive at these prices.
Cementos Pacasmayo S.A.A. ( CPAC ) reported 2Q24 results yesterday. This article discusses them and the corresponding earnings call and revisits the company's valuation....
Read the full article on Seeking Alpha
For further details see:
Peruvian Cement Sales Keep Falling, Cementos Pacasmayo Is Still Not An Opportunity