OMAB Stock Analysis: Grupo Aeroportuario del | NASDAQ
Airports & Air Services | NASDAQ, USA | Market Cap: 5.294m USD | 12M Return: 18.6% | US4005011022 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.8M
Warnings
No concerns identified
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Grupo Aeroportuario del Centro Norte (OMAB) operates a network of 13 international airports across northern and central Mexico, anchored by its flagship facility in Monterrey and extending to cities such as Acapulco, Mazatlán, Chihuahua, Culiacán, and Ciudad Juárez. Beyond core aeronautical services (landing and parking fees, passenger charges, security, and baggage screening), the group earns non-aeronautical revenue by leasing terminal space to restaurants and retailers, running parking facilities, operating two hotels at the Monterrey airport (the Terminal 2 NH Collection and a Hilton Garden Inn), and providing cargo logistics through its OMA Carga business. It also develops an industrial park adjacent to the Monterrey airport and offers ground transportation services. The company was incorporated in 1998, is headquartered in Mexico City, and has been listed on NASDAQ since its November 2006 IPO.
Like other Mexican airport operators, OMAB operates under long-term government concessions that permit regulated tariffs on aeronautical activity while granting commercial freedom on non-aeronautical revenue-a dual structure typical of the airport services subsector that allows operators to diversify income away from passenger volumes alone.
- Monterrey hub passenger traffic recovery lifts aeronautical revenue
- Mexican peso depreciation pressures USD-translated earnings growth
- Non-aeronautical commercial and hotel revenue diversifies airport income streams
| Net Income: 5.44b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA -1.22 > 1.0 |
| NWC/Revenue: 3.37% < 20% (prev 5.78%; Δ -2.41% < -1%) |
| CFO/TA 0.21 > 3% & CFO 7.33b > Net Income 5.44b |
| Net Debt (11.3b) to EBITDA (10.3b): 1.10 < 3 |
| Current Ratio: 1.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.3m) vs 12m ago 0.0% < -2% |
| Gross Margin: 64.66% > 18% (prev 74.45%; Δ -9.79% > 0.5%) |
| Asset Turnover: 51.84% > 50% (prev 50.25%; Δ 1.59% > 0%) |
| Interest Coverage Ratio: 6.20 > 6 (EBIT TTM 9.33b / Interest Expense TTM 1.50b) |
| A: 0.02 (Total Current Assets 7.62b - Total Current Liabilities 7.04b) / Total Assets 34.5b |
| B: 0.30 (Retained Earnings 10.5b / Total Assets 34.5b) |
| C: 0.28 (EBIT TTM 9.33b / Avg Total Assets 33.2b) |
| D: 0.46 (Book Value of Equity 10.8b / Total Liabilities 23.6b) |
| Altman-Z'' = 3.47 = A |
| DSRI: 0.98 (Receivables 2.48b/2.35b, Revenue 17.2b/16.0b) |
| GMI: 1.15 (GM 74.45% / 64.66%) |
| AQI: 1.04 (AQ_t 0.69 / AQ_t-1 0.66) |
| SGI: 1.08 (Revenue 17.2b / 16.0b) |
| TATA: -0.05 (NI 5.44b - CFO 7.33b) / TA 34.5b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of November 11, 2026, the stock is trading at USD 110.16 with a total of 102,663 shares traded. Over the past week, the price has changed by +4.15%, over one month by +20.09%, over three months by +1.50% and over the past year by +18.58%.
Current recommended Stop Loss: 102.30 (which is 7.1% or 2.8 ATR below the current price).
Grupo Aeroportuario del has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy OMAB.
- StrongBuy: 3
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 116.4 | 5.7% |
Market Cap MXN = 98.1b (5.29b USD * 18.5257 USD.MXN)
P/E Trailing = 17.1092
P/E Forward = 14.43
P/S = 0.3067
P/B = 9.2425
P/EG = 17.0496
Revenue TTM = 17.2b MXN
EBIT TTM = 9.33b MXN
EBITDA TTM = 10.3b MXN
Long Term Debt = 13.1b MXN (from longTermDebt, last quarter)
Short Term Debt = 1.76b MXN (from shortTermDebt, last quarter)
Debt = 15.3b MXN (from shortLongTermDebtTotal, last quarter) + Leases 146.4m
Net Debt = 11.3b MXN (calculated: Debt 15.3b - CCE 4.00b)
Enterprise Value = 109b MXN (98.1b + Debt 15.3b - CCE 4.00b)
Interest Coverage Ratio = 6.20 (Ebit TTM 9.33b / Interest Expense TTM 1.50b)
EV/FCF = 19.75x (Enterprise Value 109b / FCF TTM 5.53b)
FCF Yield = 5.06% (FCF TTM 5.53b / Enterprise Value 109b)
FCF Margin = 32.21% (FCF TTM 5.53b / Revenue TTM 17.2b)
Net Margin = 31.67% (Net Income TTM 5.44b / Revenue TTM 17.2b)
Gross Margin = 64.66% ((Revenue TTM 17.2b - Cost of Revenue TTM 6.07b) / Revenue TTM)
Gross Margin QoQ = 58.11% (prev 66.61%)
Tobins Q-Ratio = 3.17 (Enterprise Value 109b / Total Assets 34.5b)
Interest Expense / Debt = 9.86% (Interest Expense 1.50b / Debt 15.3b)
Taxrate = 30.56% (2.41b / 7.88b)
NOPAT = 6.48b (EBIT 9.33b * (1 - 30.56%))
Current Ratio = 1.08 (Total Current Assets 7.62b / Total Current Liabilities 7.04b)
Debt / Equity = 1.41 (Debt 15.3b / totalStockholderEquity, last quarter 10.8b)
Debt / EBITDA = 1.10 (Net Debt 11.3b / EBITDA 10.3b)
Debt / FCF = 2.03 (Net Debt 11.3b / FCF TTM 5.53b)
Total Stockholder Equity = 10.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.42% (Net Income 5.44b / Total Assets 34.5b)
RoE = 49.87% (Net Income TTM 5.44b / Total Stockholder Equity 10.9b)
RoCE = 38.89% (EBIT 9.33b / Capital Employed (Equity 10.9b + L.T.Debt 13.1b))
RoIC = 22.83% (NOPAT 6.48b / Invested Capital 28.4b)
WACC = 7.98% (E(98.1b)/V(113b) * Re(8.16%) + D(15.3b)/V(113b) * Rd(9.86%) * (1-Tc(0.31)))
Discount Rate = 8.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -28.26 | Cagr: 0.0%
[DCF] Terminal Value 75.57% ; FCFF base≈5.51b ; Y1≈5.58b ; Y5≈6.01b
[DCF] Fair Price = 1.95k (EV 93.3b - Net Debt 11.3b = Equity 82.0b / Shares 42.1m; r=8.35% [WACC [floored]]; 5y FCF grow 0.96% → 2.50% )
EPS Correlation: 12.62 | EPS CAGR: 0.78% | SUE: -0.61 | # QB: 0
Revenue Correlation: 93.99 | Revenue CAGR: 5.64% | SUE: 0.22 | # QB: 0
EPS current Quarter (2027-03-31): EPS=1.94 | Chg30d=-3.19% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=6.25 | Chg30d=-11.00% | Revisions=-25% | GrowthEPS=+1.6% | GrowthRev=+5.9%
EPS next Year (2027-12-31): EPS=8.03 | Chg30d=-4.69% | Revisions=-40% | GrowthEPS=+28.6% | GrowthRev=+10.8%
[Analyst] Revisions Ratio: -57% (up=0, down=4)