Cementos Pacasmayo Margins Are Still High, But The Stock Is Not An Opportunity [Seeking Alpha]
Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five Common Shares) (CPAC)
US:NYSE Investor Relations:
investors.cementospacasmayo.com.pe
Company Research
Source: Seeking Alpha
The Peruvian cement industry has been shrinking in 2023 and 2024, leading to lower volumes for Pacasmayo. Pacasmayo's higher prices and cost-saving measures have helped maintain margins. However, if demand continues to shrink, I believe Pacasmayo will need to reduce prices and its margins will shrink. Under that scenario, the dividend is not covered. Although the company trades at low multiples even under my more bearish scenario, I do not believe it is an opportunity, given there is still room for demand to shrink. Cementos Pacasmayo ( NYSE: CPAC ) is a cement manufacturer from Peru. The company has a geographical quasi-monopoly over the Northern region of the country. I have been covering Pacasmayo since June 2021 . Generally, I have not considered the stock an opportunity Recommended For You Recommended For You About CPAC Stock
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CPAC
News
- Cementos Pacasmayo S.A.A. (NYSE:CPAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cementos Pacasmayo S.A.A. Has Filed Its Annual Report for the Fiscal Year Ended December 31, 2023Business Wire
- Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2024Business Wire
CPAC
Sec Filings
- 4/30/24 - Form 20-F
- 4/30/24 - Form 6-K
- 4/30/24 - Form 6-K
- CPAC's page on the SEC website