Cementos Pacasmayo S.A.A. stock: fair value
CPACThe fair value of Cementos Pacasmayo S.A.A. under our model is $16.12, the price is 20% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $10.75 and expensive above $32.24 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $13.84 (cash-flow model) and $18.40 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly below both parts; given how much the stock swings, that still counts as fair.
Calculated with a cost of equity of 11.1%. At 12.1% the fair value would be $15.25, at 10.1% it would be $17.27.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (20.7).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 11.1% (government bond yield 3.8% plus beta 1.15 times a risk premium of 6.3%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $13.84 per share: free cash flow for the next ten years, each year discounted to today at 11.1%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 11.1%) |
|---|---|---|---|---|
| 2026 | PEN 225.59M | extrapolated at 18.9% | 0.9001 | PEN 203.06M |
| 2027 | PEN 258.01M | extrapolated at 14.4% | 0.8103 | PEN 209.06M |
| 2028 | PEN 286.93M | extrapolated at 11.2% | 0.7293 | PEN 209.27M |
| 2029 | PEN 312.74M | extrapolated at 9.0% | 0.6565 | PEN 205.32M |
| 2030 | PEN 336.03M | extrapolated at 7.4% | 0.5910 | PEN 198.58M |
| 2031 | PEN 357.4M | extrapolated at 6.4% | 0.5319 | PEN 190.12M |
| 2032 | PEN 377.42M | extrapolated at 5.6% | 0.4788 | PEN 180.72M |
| 2033 | PEN 396.56M | extrapolated at 5.1% | 0.4310 | PEN 170.92M |
| 2034 | PEN 415.19M | extrapolated at 4.7% | 0.3880 | PEN 161.08M |
| 2035 | PEN 433.61M | extrapolated at 4.4% | 0.3492 | PEN 151.43M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | PEN 1.88B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (11.1% − 3.8%) | PEN 6.2B |
| Present value of terminal value (× 0.3492) | PEN 2.16B |
| Equity value (sum plus present value of terminal value) | PEN 4.04B |
| Shares (diluted) | 85.62M |
| Value per share (equity value divided by shares) | PEN 47.23 |
| Per share as traded (converted ÷ 3.41) | $13.84 |
| Earnings per share, last twelve months | $0.89 |
| × 20.7 (industry P/E) | $18.40 |
| Fair value (average of both parts) | $16.12 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 1 May 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.