Cementos Pacasmayo S.A.A. (CPAC) Bundle
A Brief History of Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. (CPAC) is a leading cement producer in Peru, founded in 1949. The company has consistently expanded its operations and product offerings, becoming a key player in the construction materials market.
Financial Performance Overview
As of the third quarter of 2024, Cementos Pacasmayo reported significant financial figures:
| Metric | 2024 Q3 | 2023 Q3 |
|---|---|---|
| Net Profit (S/000) | 148,795 | 133,041 |
| Total Revenue (S/000) | 1,451,399 | 1,438,698 |
| Gross Profit (S/000) | 531,176 | 487,812 |
| Operating Profit (S/000) | 291,842 | 256,946 |
| Earnings per Share (S/) | 0.35 | 0.31 |
Key Operational Highlights
Cementos Pacasmayo operates several facilities, including a cement plant located in Pacasmayo, which has a production capacity of approximately 1.5 million tons per year. The company has invested significantly in technology and infrastructure to enhance production efficiency and sustainability.
Market Position and Competitiveness
As of September 30, 2024, Cementos Pacasmayo maintained a strong market position, holding approximately 35% of the Peruvian cement market share. The company’s commitment to quality and innovation has allowed it to remain competitive against other major players in the industry.
Recent Developments
In the first nine months of 2024, Cementos Pacasmayo reported:
| Metric | 2024 Nine-month | 2023 Nine-month |
|---|---|---|
| Total Assets (S/000) | 3,289,380 | 3,221,735 |
| Total Liabilities (S/000) | 1,950,773 | 2,031,727 |
| Total Equity (S/000) | 1,338,607 | 1,190,008 |
The company has also focused on expanding its product line to include environmentally friendly options, responding to increasing demand for sustainable construction materials.
Future Outlook
Looking forward, Cementos Pacasmayo aims to enhance its production capacity and explore new markets to sustain growth. The management anticipates continued demand for construction materials due to ongoing infrastructure projects in Peru.
As of September 30, 2024, the company’s financial health remains robust, with a strong liquidity position and manageable levels of debt.
A Who Owns Cementos Pacasmayo S.A.A. (CPAC)
Ownership Structure
Cementos Pacasmayo S.A.A. (CPAC) is primarily owned by Inversiones ASPI S.A., which holds 50.01% of the company's common shares as of September 30, 2024. The remaining shares are publicly traded on the Lima and New York Stock Exchanges.
Shareholder Composition
| Shareholder | Ownership Percentage |
|---|---|
| Inversiones ASPI S.A. | 50.01% |
| Public and Other Investors | 49.99% |
Recent Financial Performance
As of September 30, 2024, Cementos Pacasmayo reported a net profit of S/148,795,000, compared to S/133,041,000 for the same period in 2023. The company's total revenue for the nine-month period ended September 30, 2024, was S/1,451,399,000, an increase from S/1,438,698,000 in 2023.
Financial Summary
| Financial Metric | 2024 | 2023 |
|---|---|---|
| Net Profit | S/148,795,000 | S/133,041,000 |
| Total Revenue | S/1,451,399,000 | S/1,438,698,000 |
| Gross Profit | S/531,176,000 | S/487,812,000 |
| Total Assets | S/3,289,380,000 | S/3,221,735,000 |
Market Capitalization and Stock Performance
The market capitalization of Cementos Pacasmayo as of the end of September 2024 was approximately S/1,338,607,000. The stock has shown resilience in the market, reflecting the company's strong operational performance amidst challenging economic conditions.
Future Outlook
Cementos Pacasmayo continues to focus on expanding its market share and improving operational efficiency. The management remains optimistic about future growth prospects in the construction sector in Peru, which is expected to drive demand for cement and related products.
Cementos Pacasmayo S.A.A. (CPAC) Mission Statement
Mission Statement Overview
The mission statement of Cementos Pacasmayo S.A.A. is centered on providing high-quality cement and construction materials while promoting sustainable practices. The company aims to lead the cement industry in Peru through innovation, efficiency, and a commitment to customer satisfaction.
Core Values
- Quality: Commitment to producing superior products that meet international standards.
- Sustainability: Focus on environmentally friendly practices in manufacturing and distribution.
- Innovation: Continuous improvement and adoption of new technologies in production processes.
- Customer Orientation: Providing exceptional service and support to clients.
Financial Performance Metrics
| Financial Metric | 2024 (Q3) | 2023 (Q3) |
|---|---|---|
| Net Profit (S/000) | 148,795 | 133,041 |
| Revenue from Sales (S/000) | 1,451,399 | 1,438,698 |
| Gross Profit (S/000) | 531,176 | 487,812 |
| Operating Profit (S/000) | 291,842 | 256,946 |
| Basic Earnings per Share (S/) | 0.35 | 0.31 |
Recent Developments
As of September 30, 2024, Cementos Pacasmayo has focused on expanding its production capacity and enhancing operational efficiency. The company has invested in new technologies and processes that align with its mission of sustainability and quality.
Strategic Goals
- Enhance Production Capacity: Increase output to meet growing demand in the construction sector.
- Improve Sustainability: Implement more eco-friendly production methods and reduce carbon footprint.
- Expand Market Reach: Strengthen distribution networks to increase market presence in Peru and potentially abroad.
Community Engagement
Cementos Pacasmayo is dedicated to community development through various initiatives. The company invests in local projects that enhance infrastructure and promote educational opportunities.
Conclusion of Financial Performance
In summary, Cementos Pacasmayo S.A.A. remains focused on its mission to provide quality construction materials while ensuring sustainable practices and community involvement. The financial data reflects the company's robust performance and commitment to growth.
How Cementos Pacasmayo S.A.A. (CPAC) Works
Company Overview
Cementos Pacasmayo S.A.A. (CPAC) is a leading cement producer in Peru, primarily engaged in the manufacturing and commercialization of construction materials, including cement, concrete, and precast products. The company operates a vertically integrated business model that encompasses production, distribution, and sales.
Financial Performance
As of September 30, 2024, CPAC reported the following key financial figures:
| Financial Metric | Q3 2024 (S/000) | Q3 2023 (S/000) | Change (%) |
|---|---|---|---|
| Sales of Goods | 517,754 | 516,664 | 0.21 |
| Gross Profit | 195,756 | 174,639 | 12.06 |
| Operating Profit | 116,473 | 91,561 | 27.19 |
| Net Profit | 62,539 | 46,115 | 35.69 |
| Basic Earnings per Share | 0.15 | 0.11 | 36.36 |
Revenue Breakdown
The company’s revenue is generated from various segments of the construction materials market. For the nine-month period ended September 30, 2024, the revenue breakdown was as follows:
| Segment | Revenue (S/000) |
|---|---|
| Cement, Concrete, Mortar, and Precast | 1,395,407 |
| Construction Supplies | 44,099 |
| Other | 11,893 |
| Total Revenue | 1,451,399 |
Cost Structure
CPAC's cost structure includes various operating expenses that impact its profitability. The costs for the nine-month period ended September 30, 2024, were as follows:
| Expense Type | Cost (S/000) |
|---|---|
| Cost of Sales | (920,223) |
| Administrative Expenses | (182,672) |
| Selling and Distribution Expenses | (56,236) |
| Total Operating Expenses | (1,158,131) |
Balance Sheet Highlights
As of September 30, 2024, the company’s balance sheet reflected the following metrics:
| Metric | Amount (S/000) |
|---|---|
| Total Assets | 3,289,380 |
| Total Liabilities | 1,950,773 |
| Total Equity | 1,338,607 |
Cash Flow Statement
For the nine-month period ended September 30, 2024, CPAC's cash flow from operating activities was reported as follows:
| Cash Flow Component | Amount (S/000) |
|---|---|
| Net Cash Flow from Operating Activities | 212,840 |
| Net Cash Flow from Investing Activities | (79,302) |
| Net Cash Flow from Financing Activities | (40,000) |
Debt Obligations and Financial Ratios
As of September 30, 2024, CPAC's debt obligations included:
| Debt Type | Amount (S/000) | Interest Rate (%) | Maturity |
|---|---|---|---|
| Corporate Bonds | 569,275 | 6.69 - 6.84 | 2029 - 2034 |
| Medium-term Loan | 659,472 | 5.82 | 2028 |
Key financial ratios as of September 30, 2024:
- Debt Ratio: 0.59
- Debt Service Coverage Ratio: 1.15
- EBITDA Margin: 19.6%
Market Position and Strategic Initiatives
CPAC maintains a strong market position in Peru, focusing on sustainability and efficiency in production. The company has invested in modernizing its facilities and optimizing its supply chain to reduce costs and improve service delivery.
Recent Developments
In 2024, CPAC has continued to expand its product offerings and improve its market reach through strategic partnerships and investments in technology.
How Cementos Pacasmayo S.A.A. (CPAC) Makes Money
Revenue Streams
Cementos Pacasmayo generates revenue primarily through the sale of various construction materials, including cement, concrete, mortar, and precast products. The revenue breakdown for the nine-month period ending September 30, 2024, is as follows:
| Product Category | Revenue (S/000) |
|---|---|
| Cement, Concrete, Mortar and Precast | 1,395,407 |
| Construction Supplies | 44,099 |
| Other | 11,893 |
| Total Revenue | 1,451,399 |
Cost of Sales
The cost of sales for the same nine-month period was reported at S/920,223, leading to a gross profit of S/531,176. This indicates effective management of production costs in relation to sales.
Operating Expenses
Operating expenses consist of administrative and selling expenses:
| Expense Type | Amount (S/000) |
|---|---|
| Administrative Expenses | (182,672) |
| Selling and Distribution Expenses | (56,236) |
| Total Operating Expenses | (239,334) |
Profitability Analysis
The operating profit for the nine-month period ending September 30, 2024, was S/291,842, which reflects a solid operating margin. The profit before income tax was S/218,930, with a net profit of S/148,795 after accounting for income tax expenses of S/70,135.
Earnings Per Share
The earnings per share (EPS) for the nine-month period was S/0.35, an increase from S/0.31 reported in the same period of the previous year. This demonstrates improved profitability and value for shareholders.
Cash Flow Management
Cementos Pacasmayo has maintained a positive cash flow from operating activities, with net cash flows provided by operations amounting to S/212,840 for the nine-month period. Key components include:
| Cash Flow Component | Amount (S/000) |
|---|---|
| Profit Before Income Tax | 218,930 |
| Depreciation and Amortization | 114,894 |
| Finance Costs | (75,890) |
| Income Tax Paid | (80,489) |
| Net Cash Flows from Operating Activities | 212,840 |
Capital Expenditures
Investment in property, plant, and equipment totaled S/39,821 for the nine-month period, indicating ongoing investment in operational capacity. The company also reported a net gain on the disposal of assets of S/3,558 during the same period.
Financial Position
As of September 30, 2024, Cementos Pacasmayo's total assets were valued at S/3,289,380, while total liabilities stood at S/1,950,773. This results in total equity of S/1,338,607, reflecting a healthy balance sheet position.
Debt Management
The company has effectively managed its financial obligations, with a maturity profile indicating a mix of short-term and long-term debts. Key figures include:
| Maturity Period | Amount (S/000) |
|---|---|
| Less than 3 months | 153,092 |
| 3 to 12 months | 268,472 |
| 1 to 5 years | 768,182 |
| More than 5 years | 310,000 |
| Total Financial Obligations | 1,499,746 |
Market Position
Cementos Pacasmayo holds a strong market position in Peru, benefiting from a robust demand for construction materials driven by ongoing infrastructure projects and urbanization trends. The company continues to adapt to market conditions, ensuring sustainable revenue growth.
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Article updated on 8 Nov 2024
Resources:
- Cementos Pacasmayo S.A.A. (CPAC) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Cementos Pacasmayo S.A.A. (CPAC)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Cementos Pacasmayo S.A.A. (CPAC)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.