CEMENTOS PACASMAYO SAA financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CEMENTOS PACASMAYO SAA files with the SEC in its annual reports.

In PEN millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	1,231	1,237	1,221	1,263	1,393			2,116	1,950	1,978
Cost of revenue	696	737	733	796	906	921	1,378	1,464	1,261	1,250
Gross profit	535	500	488	467	487	375	559	652	689	729
Selling, general and administrative	31.5	36.4	41.7	44.1	44.5	40.2	51.5	67.4	69.6	81.4
Selling and marketing								42.3	41.6	43.7
General and administrative	180	193	196	172	174	163	196	225	232	253
Operating income	328	273	199	242	271	176	318	355	338	391
Interest expense	36.8	75.4	73.8	87.3	78	88.7	89	95.1	104	100
Interest income	3.42	3.24	5.84	2.37	2.58	2.98	2.89	3.31	7.25	6.3
Pre-tax income	307	198	128	116	194	85.9	224	262	246	296
Income tax	89.4	78.6	47	41	62.3	28	70.9	85.6	76.8	97.3
Income from continuing operations	217	119	81.4	75.1	132
Net income to minority interests	-3.87	-3.28	-13.2	-1.55
Net income	216	116	93.8	76.7	132	57.9	153	177	169	199
EBITDA	387	368	308	359	386	299	437	477	463	525
EPS, basic	0.38	0.21	0.21	0.18	0.31	0.14	0.36	0.41	0.39	0.46
EPS, diluted	0.38	0.21	0.21	0.18	0.31	0.14	0.36	0.41	0.39	0.46

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	158	80.2	49.2	49.1	68.3	309	273	81.8	90.2	72.7
Receivables		81.1	99.5	103	121	84.4	103	101	99.7	131
Inventory		347	373	425	519	461	605	885	791	774
Total current assets		562	553	619	748	878	1,009	1,188	992	992
Property, plant and equipment		2,273	2,209	2,153	2,101	2,015	1,975	2,008	2,099	2,031
Lease right-of-use assets					0.05	6.01	4.67	3.64	7.61	9.02
Goodwill				4.46	4.46	4.46	4.46	4.46	4.46	4.46
Intangible assets			13.4	40.9
Total assets	3,414	3,321	2,814	2,865	2,932	3,016	3,202	3,314	3,222	3,166
Accounts payable		143	178	155	235	188	228	285	232	242
Short-term debt				60.8
Total current liabilities		178	205	262	353	265	722	953	689	766
Lease liabilities					0.06	5.1	3.97	2.35	4.13	6.46
Total liabilities	1,368	1,341	1,307	1,413	1,510	1,649	2,006	2,119	2,032	1,953
Total debt		998	965	1,023
Paid-in capital				40.3	40.3	40.3	40.3	40.3	40.3	40.3
Retained earnings		677	612	519	497	457	272	269	262	285
Shareholders' equity		1,867	1,507	1,451
Minority interests		113	0.15
Total equity	2,046	1,980	1,507	1,451	1,422	1,368	1,196	1,195	1,190	1,213
Total liabilities and equity	3,414	3,321	2,814	2,865	2,932	3,016	3,202	3,314	3,222	3,166

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	212	113	80.6	75.1	132	57.9	153	177	169	199
Depreciation and amortization	58.9	94.7	109	117	115	123	119	122	125	134
Cash from operations	276	242	250	204	205	331	171	112	412	321
Capital expenditures	-471	-126	-71.4	-80.2	-77.7	-47.3	-85.6	-163	-273	-64.3
Cash from investing	-476	-136	-70.6	-98.8	-79.6	-48.4	-91.8	-176	-289	-76.6
Debt issued						70.9			85.3
Debt repaid						-70.9			-85.3
Dividends paid	-162	-154	-125	-172	-121	-144	-337	-180	-175	-175
Cash from financing	-258	-178	-185	-105	-107	-43.8	-130	-121	-115	-261
Exchange rate effect	35.5	1.27	-0.19	0.39	0.48	1.55	15.8	-5.78	0.98	-0.66
Net change in cash							-51.4	-186	7.44	-16.8
Free cash flow	-196	115	179	123	127	284	85	-51	140	257
Interest paid	43.2	48	52.3	55.1	47.2	68.4	68.4	80.6	96.9	99.7
Income taxes paid	97.2	54.7	40.4	54.4	34.9	24.1	55.4	94.2	103	111

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	36.8%	Gross profit / revenue.
Operating margin	19.8%	Operating income / revenue.
EBITDA margin	26.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	15.0%	Pre-tax income / revenue.
Net margin	10.1%	Net income / revenue.
FCF margin	13.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	16.2%	Cash from operations / revenue.
Effective tax rate	32.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	6.2%	Net income / average total assets.
SG&A / revenue	4.1%	Selling, general and administrative expense / revenue.
Capex / revenue	3.3%	Capital expenditures / revenue.
D&A / revenue	6.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 5y	7.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	5.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	9.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	8.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	15.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	7.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	7.6%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	13.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	6.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	6.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	17.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	9.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	8.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	17.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	8.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	8.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-22.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	9.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	83.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	44.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	15.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-1.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.30x	Current assets / current liabilities.
Quick ratio	0.27x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.09x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	61.7%	Total liabilities / total assets.
Interest coverage	3.90x	Operating income / interest expense.
Working capital	PEN 226.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.1%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.62x	Revenue / average total assets.
Fixed asset turnover	0.96x	Revenue / average property, plant and equipment.
Inventory turnover	1.60x	Cost of revenue / average inventory.
Days inventory	229 days	365 x average inventory / cost of revenue.
Receivables turnover	17.1x	Revenue / average receivables.
Days sales outstanding	21 days	365 x average receivables / revenue.
Days payables	69 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	181 days	Days inventory + days sales outstanding - days payables.
FCF conversion	129.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	20.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	PEN 0.46	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	PEN 0.46	Net income per basic share, as reported (split-adjusted).
Payout ratio	88.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	68.2%	Dividends paid / free cash flow, when free cash flow is positive.

What was CEMENTOS PACASMAYO SAA's revenue in fiscal 2024?

CEMENTOS PACASMAYO SAA reported revenue of PEN 1.98B for fiscal 2024, 1.4% higher than the year before.

Was CEMENTOS PACASMAYO SAA profitable in fiscal 2024?

Yes. Net income was PEN 198.9M, a net margin of 10.1%.

How much free cash flow did CEMENTOS PACASMAYO SAA generate in fiscal 2024?

Cash from operations of PEN 321.1M minus capital expenditures of PEN 64.3M left free cash flow of PEN 256.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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