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Grupo Aeroportuario del Centro Norte OMAB

Mexico Industrials
6.5/10
AI Analyst score
103.03 USD
Last price at analysis date · analyst target 122.28 (+18.7%)
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🟡 HOLD — Hold, with attention to governance risk and the evolution of air traffic due to fuel costs.

Grupo Aeroportuario del Centro Norte (OMAB) operates and manages airports in central and northern Mexico, generating revenue from airport fees, commercial services, and parking. OMAB presents solid financial health (ND/EBITDA 1.18) and exceptional quality (ROE 60.54%, operating margin 53.49%), with a reasonable valuation (P/E 16.25) and an attractive dividend (5.60%). Growth is moderate (2.6%), but governance risk in Mexico is a factor to consider.

Financial health
6.4
Quality / Moat
8.1
Valuation
6.3
Growth
5.5
Dividend
7.0
Momentum
4.1
Risk & Context
6.1

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E16.25
Fwd P/E12.22
EV/EBITDA10.15
P/B7.86
P/S5.42
PEG0.76
Market cap4.97 B USD
Enterprise value100.21 B MXN
🏰 Quality and moat
ROIC (approx.)34.2%
Gross margin67.66%
FCF conversion22%
Operating margin53.49%
📈 Profitability and margins
ROE60.54%
ROA18.06%
Net margin33.21%
FCF2.21 B MXN
FCF yield2.50%
🏦 Solvency and liquidity
Total debt14.27 B MXN
Net debt11.69 B MXN
Cash2.58 B MXN
EBITDA9.88 B MXN
Net debt / EBITDA1.18
D/E153.58
Current ratio0.66
Quick ratio0.56
🚀 Growth
Revenue growth2.60%
Earnings growth9.80%
EPS (TTM)6.34 USD
EPS (Fwd)8.43 USD
💰 Dividend and risk
Dividend yield5.60%
Payout85.3%
Beta0.32
Analyst consensusBuy (8)
Target price122.28 USD
52-week range95.69 USD – 134.99 USD
⚠️ Main risk: The governance risk in Mexico, which may affect minority shareholder protection and the regulatory stability of airport concessions.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Grupo Aeroportuario del Centro Norte (OMAB) operates and manages airports in central and northern Mexico, generating revenue from airport fees, commercial services, and parking. OMAB presents solid financial health (ND/EBITDA 1.18) and exceptional quality (ROE 60.54%, operating margin 53.49%), with a reasonable valuation (P/E 16.25) and an attractive dividend (5.60%). Growth is moderate (2.6%), but governance risk in Mexico is a factor to consider.

Score by category

CategoryScore
Financial health6.4
Quality / Moat8.1
Valuation6.3
Growth5.5
Dividend7.0
Momentum4.1
Risk & Context6.1

OVERALL SCORE: 6.5/10

Context and risks

Elevated governance risk in Mexico. Although OMAB has a regulated concession model, the country's institutional quality and minority protection are weak, justifying a penalty.

News considered in the analysis

  • Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) Q2 2026 Earnings Call Highlights: Strong ... — Resultados del segundo trimestre con tono positivo, aunque el crecimiento de ingresos es moderado (2.6%).
  • Grupo Aeroportuario del Centro Norte Q2 Earnings Call Highlights — Misma información que la noticia anterior, refuerza la lectura positiva de la gestión.
  • Strength Seen in Grupo Aeroportuario del Centro Norte (OMAB): Can Its 7.1% Jump Turn into More Strength? — El movimiento alcista del 7.1% ya está en el precio, no aporta información nueva.
  • Escalating Iran War Tensions and Rising Fuel Costs Just Sent These 2 Stocks to New Lows. 1 Is a Better Buy on the Dip. — El aumento del combustible por tensiones geopolíticas puede presionar los costos de las aerolíneas, afectando indirectamente el tráfico aéreo.
  • How The Narrative Around Grupo Aeroportuario del Centro Norte (BMV:OMA B) Is Evolving Without New Targets — Artículo de opinión sin información nueva o concreta.

Verdict: Hold, with attention to governance risk and the evolution of air traffic due to fuel costs.

Main risk: The governance risk in Mexico, which may affect minority shareholder protection and the regulatory stability of airport concessions.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.