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Grupo Aeroportuario del Pacífico (GAP) MXN

Grupo Aeroportuario del Pacífico (GAP) manages and develops airports on Mexico’s Pacific coast under long-term concessions.

Sector: Airports

MX_GAP

Price chart

418.82 MXNDay 0.51%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
418.82 MXN · 0.51%
Market cap
211.6 bn MXN

Growth

Δ revenue y/y
3.7%
Δ EBITDA y/y
8.4%

Multiples

P/E (LTM)
20.6x
3y avg: 20.7x
P/B (FY)
9.4x
P/E (ann.)
18.3x
EV/EBITDA (LTM)
11.7x
3y avg: 12.8x
EV/EBITDA (ann.)
10.8x

Cash return

Dividend yield
—
FCF yield (LTM)
3.4%

Value creation

fundamental value/yr, % of market cap
Value created / year
-1.5%
↓ details

Liquidity

Daily turnover (listing)
253.4 mln MXN

Shares: yahoo_fundamentals_timeseries/GAPB.MX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B MXN, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB MXNOperating profitB MXND&AB MXNEBITDAB MXNNet profitB MXNOperating CFB MXNCapex + M&AB MXNAssetsB MXNEquityB MXNROE (annualized)Net debtB MXNSource
2026-06-30Q2 2026 (3M)OK11.3
y/y 3.7%
5.0
y/y 8.9%
1.0
y/y 5.9%
6.0
y/y 8.4%
2.9
y/y 9.0%
2.6-3.2140.4
y/y 79.5%
52.7
y/y 181.9%
29.5%45.9Yahoo Finance
2026-03-31Q1 2026 (3M)OK11.4
y/y —
5.0
y/y —
0.9
y/y —
6.0
y/y —
3.3
y/y —
7.6-1.8100.5
y/y —
25.7
y/y —
55.0%≈ 42.5Yahoo Finance
2025-12-31Q4 2025 (3M)OK9.9
y/y —
4.1
y/y —
1.0
y/y —
5.0
y/y —
1.4
y/y —
5.1-5.888.1
y/y 7.9%
22.5
y/y 0.6%
44.0%42.5Yahoo Finance
2025-09-30Q3 2025 (3M)OK9.6
y/y —
4.1
y/y —
0.9
y/y —
5.1
y/y —
2.7
y/y —
4.3-4.282.9
y/y —
21.0
y/y —
18.1%≈ 20.5Yahoo Finance
2025-06-30Q2 2025 (3M)OK10.9
y/y —
4.6
y/y —
0.9
y/y —
5.5
y/y —
2.7
y/y —
4.4-2.478.2
y/y —
18.7
y/y —
51.8%≈ 20.5Yahoo Finance
2024-12-31FY 2024 (12M)OK33.6
y/y 1.2%
14.9
y/y -1.2%
1.2
y/y 42.6%
16.2
y/y 1.2%
8.6
y/y -9.8%
16.7-7.881.7
y/y 21.1%
22.3
y/y 13.0%
40.9%20.5Yahoo Finance
2023-12-31FY 2023 (12M)ERR33.2
y/y —
15.1
y/y —
0.9
y/y —
16.0
y/y —
9.5
y/y —
13.9-10.467.4
y/y —
19.8
y/y —
—22.7Report (PDF)

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)12 936
Long-term debt (incl. LT leases)52 732
− Cash & equivalents19 774
Net debt45 894

Net debt / LTM EBITDA: 2.1x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

010 00020 00030 00040 0002023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Year-over-year change

0%2%5%8%10%2023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

-10 000-5 00005 00010 0002023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

010 00020 00030 00040 00050 0002023 FY2024 FY2025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 1.68x of reported net profit; after capex, 0.53x.
year2022202320242025
cash flow / profit1.39x1.46x1.94x1.91x
accruals, % of assets-5.8%-6.5%-9.9%-9.8%
Last twelve months (to 2026-06-30): 1.91x of profit came back as operating cash flow.
net debt / EBITDA 2.3x · capex 7.0x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -1.5%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (5 965 − 5 503) × 3.70
1 708
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (211 620 + 45 894) ÷ 22 055
11.7x
3. Target multiple
(Current EV/EBITDA + 9) ÷ 2
= (11.7 + 9) ÷ 2
10.3x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -25 353 + 4 458 + 0 − 0
-20 894
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (1 708 × 10.3 + -20 894) ÷ 211 620
-1.5%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +23% vs +1% the year before — a +22.0 pp move. 3-year CAGR +15%.
revenue growth by year: 2023 +21% · 2024 +1% · 2025 +23%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2025-08-138.42 MXNEx-dividend: 8.42 MXN per sharePaidYahoo Finance (ex-div)
2025-05-278.42 MXNEx-dividend: 8.42 MXN per sharePaidYahoo Finance (ex-div)
2024-11-256.93 MXNEx-dividend: 6.93 MXN per sharePaidYahoo Finance (ex-div)
2024-07-226.93 MXNEx-dividend: 6.93 MXN per sharePaidYahoo Finance (ex-div)
2023-12-113.71 MXNEx-dividend: 3.71 MXN per sharePaidYahoo Finance (ex-div)
2023-11-283.71 MXNEx-dividend: 3.71 MXN per sharePaidYahoo Finance (ex-div)
2023-10-103.71 MXNEx-dividend: 3.71 MXN per sharePaidYahoo Finance (ex-div)
2023-07-113.71 MXNEx-dividend: 3.71 MXN per sharePaidYahoo Finance (ex-div)
2023-05-163.71 MXNEx-dividend: 3.71 MXN per sharePaidYahoo Finance (ex-div)
2022-11-157.2 MXNEx-dividend: 7.2 MXN per sharePaidYahoo Finance (ex-div)
2022-05-127.2 MXNEx-dividend: 7.2 MXN per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Grupo Aeroportuario del Pacífico (GAP) — from primary filings.

Frequently asked questions

What is Grupo Aeroportuario del Pacífico (GAP)'s P/E ratio?
Grupo Aeroportuario del Pacífico (GAP) trades at a P/E of 20.6x (price to trailing 12-month earnings).
What is Grupo Aeroportuario del Pacífico (GAP)'s EV/EBITDA?
Grupo Aeroportuario del Pacífico (GAP) trades at 11.7x EV/EBITDA.
What is Grupo Aeroportuario del Pacífico (GAP)'s P/B ratio?
Grupo Aeroportuario del Pacífico (GAP) trades at a P/B of 9.4x.
What is Grupo Aeroportuario del Pacífico (GAP)'s return on equity (ROE)?
Grupo Aeroportuario del Pacífico (GAP)'s ROE is 29.5%.
What is Grupo Aeroportuario del Pacífico (GAP)'s market capitalization?
Grupo Aeroportuario del Pacífico (GAP)'s market cap is 211.6 bn MXN.

See also: Mexican Stocks (2026): Quality Value and the Nearshoring Trade · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map