GET DAILY SIGNALSCementos Pacasmayo (CPAC) Delivers Strong 3Q26 Results with Revenue Up +16.3%
Key Takeaways
- Third quarter 2026 revenue rose 16.3% year over year, supported by a 14.2% increase in cement, concrete, and precast sales volumes.
- Consolidated EBITDA increased 45.1% to S/233.1 million, expanding the margin to 34.9%.
- Net income advanced 69.8% to S/121.4 million, helped by higher volumes, improved cement pricing, and reduced energy costs.
- Over the first nine months of 2026, net income grew 63.1% to S/280.6 million, reflecting ongoing demand strength and margin gains.
- Results highlight infrastructure-driven demand and operational efficiencies, including the completion of the Piura airport project.
Earnings Context and Why It Matters
Cementos Pacasmayo serves as a key supplier of cement and construction materials in northern Peru. Its quarterly performance provides insight into local construction trends, which often track public infrastructure projects, residential activity, and self-construction needs. The latest report comes at a notable time, as the company has joined the Holcim Group following a controlling-stake deal. With volumes, pricing, and profitability all moving higher, the update helps assess whether the positive trends seen earlier in 2026 are holding as the year winds down.
Reported Results
In the third quarter of 2026, sales volumes for cement, concrete, and precast rose 14.2% from the prior-year period, fueled mainly by stronger bulk cement demand from smaller infrastructure jobs and solid bagged cement sales. Revenue climbed 16.3% year over year on the combination of higher volumes and an improved average cement price. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Consolidated EBITDA rose 45.1% to S/233.1 million, and the margin widened by 7.0 percentage points to 34.9%. Management pointed to revenue growth along with cost savings from lower energy expenses and the finished Piura airport project. Net income increased 69.8% to S/121.4 million, driven primarily by stronger operating profit.
Through the first nine months of 2026, sales volumes advanced 13.8% and revenue grew 14.4%. Consolidated EBITDA climbed 37.7% to S/585.8 million, with the margin reaching 32.9%, up 5.6 percentage points. Nine-month net income rose 63.1% to S/280.6 million. The company follows International Financial Reporting Standards and reports in Peruvian Soles.
Market Reaction and Investor Sentiment
Following the release, shares of CPAC traded near $12.77 and continued to reflect a broader uptrend with a solid one-year return. The market response was generally positive, given the double-digit gains in volumes and revenue alongside notable margin expansion and a sharp rise in net income. Investors continue to weigh the longer-term effects of integration into the Holcim Group. Sentiment stays supported by steady earnings delivery and a reliable dividend history.
Forward Outlook and Key Factors to Monitor
Looking ahead, attention will turn to whether the demand momentum seen in 3Q26 volumes carries into the fourth quarter and early 2027. Bulk cement linked to infrastructure work and steady bagged cement sales have been important drivers, so the pace of public-sector construction spending in Peru remains a key variable.
On costs, lower energy expenses and the completed Piura airport project aided margin expansion. The staying power of those efficiencies, along with any renewed input-cost pressures, will help determine if recent margin gains persist.
The company’s place within the Holcim Group also bears watching. As integration moves forward, shifts in strategy, capital allocation, or operational focus could influence growth and financial results.
Pricing trends in the Peruvian cement market, the mix of infrastructure versus self-construction demand, and progress on debt reduction will also merit close attention in coming quarters. These elements together will likely shape how the market views earnings momentum for CPAC going forward.
Exploring AI Tools for Portfolio Insights
In my own review process, I find it helpful to run quick scans with Tickeron’s AI Screener when evaluating names like this alongside sector peers. It lets me apply filters for technical patterns, fundamentals, and performance metrics to spot comparable ideas efficiently without manual effort.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for CPAC turns positive, indicating new upward trend
CPAC saw its Momentum Indicator move above the 0 level on October 08, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 113 similar instances where the indicator turned positive. In 77 of the 113 cases, the stock moved higher in the following days. The odds of a move higher are at 68%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CPAC just turned positive on October 15, 2026. Looking at past instances where CPAC's MACD turned positive, the stock continued to rise in 31 of 52 cases over the following month. The odds of a continued upward trend are 60%.
CPAC moved above its 50-day moving average on October 02, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +1.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where CPAC advanced for three days, in 166 of 244 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CPAC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 40%.
CPAC broke above its upper Bollinger Band on October 15, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CPAC entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 2 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.
The Tickeron Valuation Rating of 5 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CPAC's P/B Ratio (0.809) is slightly lower than the industry average of (2.310). P/E Ratio (5.108) is within average values for comparable stocks, (19.873). CPAC's Projected Growth (PEG Ratio) (0.050) is slightly lower than the industry average of (0.876). CPAC's Dividend Yield (0.379) is considerably higher than the industry average of (0.048). P/S Ratio (1.662) is also within normal values, averaging (2.242).
The Tickeron Price Growth Rating for this company is 38 (best 1 - 100 worst), indicating steady price growth. CPAC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 54 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 88 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a producer of cement, quicklime, aggregates, ready-mix concrete, precast concrete products and other construction materials
Industry ConstructionMaterials
Advertisement