Pacific Airport Group
PAC on NYSE. Airports, flying fields & airport terminal services. Market value $12.0bn.
This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2024.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
The latest annual report is over 15 months old, so we don't rank it.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$209.20 a share, 8% above its 1-year low
Over the past year the price has ranged from $193.11 to $300.41.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
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Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- DebtUnknown
- Revenue growth, five yearsUnknown
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 17 April 2026
- Next quarterly (estimated, 10-Q)
- n/a
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 188 funds in all.
- Mondrian Investment PartnersMondrian team
- Value
- $171,540
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Mondrian Investment PartnersMondrian team | $171,540 | <0.1% |
Largest holders overall
- BlackRock$551mAdded
- Lazard Asset Management$297m
- Price T Rowe Associates$186mCut
- Ashoka WhiteOak Capital Pte$146mAdded
- State Street$128mAdded
- Deutsche Bank AG$119mAdded
- Renaissance Technologies$99mCut
- Morgan Stanley$69mAdded
- Nuveen$54mAdded
- Northcape Capital Pty$44mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- BlackRock, Inc.Passive investor13.3%+1.0 ptsSince 30 June 2026
- Laura Diez-Barroso AzcarragaInsider or founder10.9%Since 6 May 2026
What they said
The Issuer, AMP, CMA, PAP, Charter and the other parties thereto entered into the Merger Agreement, pursuant to which AMP, CMA, PAP, Charter and the other merged entities were merged into the Issuer, dissolved, and the Issuer continued as the surviving company. In connection…
Read the filing - Gallardo Thurlow Juan IgnacioInsider or founder6.9%Since 6 May 2026
What they said
The Issuer, AMP, CMA, PAL, and the other parties thereto entered into the Merger Agreement, pursuant to which AMP, CMA, PAL, and the other merged entities were merged into the Issuer, dissolved, and the Issuer continued as the surviving company. In connection with the…
Read the filing - Eduardo Sanchez NavarroPassive investor6.7%Since 6 May 2026
What they said
The Issuer, AMP, CMA, PAL, and the other parties thereto entered into the Merger Agreement, pursuant to which AMP, CMA, PAL, and the other merged entities were merged into the Issuer, dissolved, and the Issuer continued as the surviving company. In connection with the…
Read the filing - Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonalat least 6.6%(filed with 2 related holders)Since 6 May 2026
What they said
Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (the "Issuer"), Aeropuertos Mexicanos del Pacifico, S.A.P.I. de C.V. ("AMP"), Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal, a 33.33% shareholder of AMP, and the other parties thereto, entered into a merger…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 13.3%+1.0 pts | 30 June 2026 | |
Laura Diez-Barroso Azcarraga Insider or founder | 10.9% | 6 May 2026 | What they saidThe Issuer, AMP, CMA, PAP, Charter and the other parties thereto entered into the Merger Agreement, pursuant to which AMP, CMA, PAP, Charter and the other merged entities were merged into the Issuer, dissolved, and the Issuer continued as the surviving company. In connection… Read the filing |
Gallardo Thurlow Juan Ignacio Insider or founder | 6.9% | 6 May 2026 | What they saidThe Issuer, AMP, CMA, PAL, and the other parties thereto entered into the Merger Agreement, pursuant to which AMP, CMA, PAL, and the other merged entities were merged into the Issuer, dissolved, and the Issuer continued as the surviving company. In connection with the… Read the filing |
Eduardo Sanchez Navarro Passive investor | 6.7% | 6 May 2026 | What they saidThe Issuer, AMP, CMA, PAL, and the other parties thereto entered into the Merger Agreement, pursuant to which AMP, CMA, PAL, and the other merged entities were merged into the Issuer, dissolved, and the Issuer continued as the surviving company. In connection with the… Read the filing |
Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal | at least 6.6% (filed with 2 related holders) | 6 May 2026 | What they saidGrupo Aeroportuario del Pacifico, S.A.B. de C.V., (the "Issuer"), Aeropuertos Mexicanos del Pacifico, S.A.P.I. de C.V. ("AMP"), Aena Desarrollo Internacional S.M.E., S.A., Sociedad Unipersonal, a 33.33% shareholder of AMP, and the other parties thereto, entered into a merger… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
Pacific Airport Group doesn’t file a US annual report (10-K), so we haven’t checked it.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.