OMAB Stock Analysis: Grupo Aeroportuario del | NASDAQ
Airports & Air Services | NASDAQ, USA | Market Cap: 4.704m USD | 12M Return: 3.9% | US4005011022 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.81M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Grupo Aeroportuario del Centro Norte (OMAB) operates a portfolio of 13 international airports across northern and central Mexico, anchored by its flagship facility in Monterrey. The company holds government concessions to develop, operate, and maintain these airports, a regulatory structure common among Mexican airport operators who lease infrastructure from the federal government.
Beyond core aeronautical services such as aircraft landing, parking, passenger walkway, and baggage screening, OMAB generates non-aeronautical revenue through diversified commercial activities. These include leasing space to restaurants and retailers, operating parking facilities, running cargo logistics operations (OMA Carga), and managing on-site hotels including a Terminal 2 NH Collection property and a Hilton Garden Inn at the Monterrey airport.
The company also operates an industrial park at the Monterrey airport and provides non-permanent ground transportation services. Headquartered in Mexico City and incorporated in 1998, OMAB has traded on the NASDAQ since its November 2006 IPO, and its mid-cap valuation reflects its position within the airport services sub-industry of the broader industrials sector.
- Mexican peso depreciation pressures USD-reported earnings
- Monterrey airport traffic growth lifts aeronautical revenue
- Non-aeronautical commercial revenue diversifies margin mix
| Net Income: 5.42b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA -1.20 > 1.0 |
| NWC/Revenue: -19.45% < 20% (prev 1.15%; Δ -20.60% < -1%) |
| CFO/TA 0.23 > 3% & CFO 7.28b > Net Income 5.42b |
| Net Debt (11.8b) to EBITDA (10.2b): 1.17 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (48.3m) vs 12m ago 0.0% < -2% |
| Gross Margin: 69.25% > 18% (prev 73.62%; Δ -4.37% > 0.5%) |
| Asset Turnover: 52.40% > 50% (prev 51.86%; Δ 0.55% > 0%) |
| Interest Coverage Ratio: 6.29 > 6 (EBIT TTM 9.24b / Interest Expense TTM 1.47b) |
| A: -0.10 (Total Current Assets 6.15b - Total Current Liabilities 9.32b) / Total Assets 32.0b |
| B: 0.23 (Retained Earnings 7.29b / Total Assets 32.0b) |
| C: 0.30 (EBIT TTM 9.24b / Avg Total Assets 31.2b) |
| D: 0.40 (Book Value of Equity 9.11b / Total Liabilities 22.7b) |
| Altman-Z'' = 2.51 = A |
| DSRI: 1.16 (Receivables 2.60b/2.17b, Revenue 16.3b/15.7b) |
| GMI: 1.06 (GM 73.62% / 69.25%) |
| AQI: 1.04 (AQ_t 0.71 / AQ_t-1 0.68) |
| SGI: 1.04 (Revenue 16.3b / 15.7b) |
| TATA: -0.06 (NI 5.42b - CFO 7.28b) / TA 32.0b) |
| Beneish M = -2.80 (Cap -4..+1) = A |
As of September 22, 2026, the stock is trading at USD 99.56 with a total of 85,744 shares traded. Over the past week, the price has changed by +1.38%, over one month by -3.22%, over three months by -9.22% and over the past year by +3.94%.
Current recommended Stop Loss: 96.20 (which is 3.4% or 1.3 ATR below the current price).
Grupo Aeroportuario del has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold OMAB.
- StrongBuy: 2
- Buy: 2
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 122.3 | 22.8% |
Market Cap MXN = 81.0b (4.70b USD * 17.21 USD.MXN)
P/E Trailing = 14.9693
P/E Forward = 14.43
P/S = 0.2881
P/B = 8.8583
P/EG = 17.0496
Revenue TTM = 16.3b MXN
EBIT TTM = 9.24b MXN
EBITDA TTM = 10.2b MXN
Long Term Debt = 10.1b MXN (from longTermDebt, last quarter)
Short Term Debt = 4.08b MXN (from shortTermDebt, last quarter)
Debt = 14.4b MXN (from shortLongTermDebtTotal, last quarter) + Leases 141.7m
Net Debt = 11.8b MXN (calculated: Debt 14.4b - CCE 2.58b)
Enterprise Value = 92.8b MXN (81.0b + Debt 14.4b - CCE 2.58b)
Interest Coverage Ratio = 6.29 (Ebit TTM 9.24b / Interest Expense TTM 1.47b)
EV/FCF = 18.61x (Enterprise Value 92.8b / FCF TTM 4.99b)
FCF Yield = 5.37% (FCF TTM 4.99b / Enterprise Value 92.8b)
FCF Margin = 30.54% (FCF TTM 4.99b / Revenue TTM 16.3b)
Net Margin = 33.21% (Net Income TTM 5.42b / Revenue TTM 16.3b)
Gross Margin = 69.25% ((Revenue TTM 16.3b - Cost of Revenue TTM 5.02b) / Revenue TTM)
Gross Margin QoQ = 66.61% (prev 69.24%)
Tobins Q-Ratio = 2.90 (Enterprise Value 92.8b / Total Assets 32.0b)
Interest Expense / Debt = 10.19% (Interest Expense 1.47b / Debt 14.4b)
Taxrate = 29.84% (2.32b / 7.77b)
NOPAT = 6.48b (EBIT 9.24b * (1 - 29.84%))
Current Ratio = 0.66 (Total Current Assets 6.15b / Total Current Liabilities 9.32b)
Debt / Equity = 1.58 (Debt 14.4b / totalStockholderEquity, last quarter 9.11b)
Debt / EBITDA = 1.17 (Net Debt 11.8b / EBITDA 10.2b)
Debt / FCF = 2.37 (Net Debt 11.8b / FCF TTM 4.99b)
Total Stockholder Equity = 10.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.40% (Net Income 5.42b / Total Assets 32.0b)
RoE = 50.53% (Net Income TTM 5.42b / Total Stockholder Equity 10.7b)
RoCE = 44.36% (EBIT 9.24b / Capital Employed (Equity 10.7b + L.T.Debt 10.1b))
RoIC = 25.03% (NOPAT 6.48b / Invested Capital 25.9b)
WACC = 8.51% (E(81.0b)/V(95.4b) * Re(8.75%) + D(14.4b)/V(95.4b) * Rd(10.19%) * (1-Tc(0.30)))
Discount Rate = 8.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -16.02 | Cagr: 0.0%
[DCF] Terminal Value 74.57% ; FCFF base≈5.03b ; Y1≈4.96b ; Y5≈5.06b
[DCF] Fair Price = 1.55k (EV 76.9b - Net Debt 11.8b = Equity 65.1b / Shares 42.1m; r=8.51% [WACC]; 5y FCF grow -2.24% → 2.50% )
EPS Correlation: 1.63 | EPS CAGR: 0.09% | SUE: 0.33 | # QB: 0
Revenue Correlation: 94.18 | Revenue CAGR: 4.86% | SUE: 0.32 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.89 | Chg30d=-0.68% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=7.03 | Chg30d=-0.40% | Revisions=-17% | GrowthEPS=+14.3% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=8.43 | Chg30d=-0.27% | Revisions=-17% | GrowthEPS=+19.9% | GrowthRev=+11.5%
[Analyst] Revisions Ratio: -30% (up=2, down=5)