Grupo Aeroportuario del Centro Norte (OMAB) Stock Price, News & Analysis

Company Overview

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport, and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.

Key Stats

• Today's Range: $71.35 to $73.11
• 50-Day Range: $62.93 to $74.04
• 52-Week Range: $59.08 to $90.53
• Volume: 173,394 shs
• Average Volume: 64,067 shs
• Market Capitalization: $3.07 billion
• P/E Ratio: 12.72
• Dividend Yield: 7.78%
• Price Target: $80.83
• Consensus Rating: Hold

Grupo Aeroportuario del Centro Norte Stock Analysis - MarketRank™

Grupo Aeroportuario del Centro Norte scored higher than 57% of companies evaluated by MarketBeat, and ranked 78th out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Grupo Aeroportuario del Centro Norte has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Grupo Aeroportuario del Centro Norte has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.57%

Earnings Growth

Earnings for Grupo Aeroportuario del Centro Norte are expected to grow by 5.57% in the coming year, from $5.39 to $5.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Grupo Aeroportuario del Centro Norte is 12.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Grupo Aeroportuario del Centro Norte is 12.72, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.81.

Price to Earnings Growth Ratio

Grupo Aeroportuario del Centro Norte has a PEG Ratio of 4.39. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Grupo Aeroportuario del Centro Norte has a P/B Ratio of 5.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.38% of the float of Grupo Aeroportuario del Centro Norte has been sold short.

Short Interest Ratio / Days to Cover

Grupo Aeroportuario del Centro Norte has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Grupo Aeroportuario del Centro Norte has recently decreased by 32.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Grupo Aeroportuario del Centro Norte is a leading dividend payer. It pays a dividend yield of 7.73%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Grupo Aeroportuario del Centro Norte does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Grupo Aeroportuario del Centro Norte is 98.94%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Grupo Aeroportuario del Centro Norte will have a dividend payout ratio of 98.59% in the coming year. This indicates that Grupo Aeroportuario del Centro Norte may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.38% of the float of Grupo Aeroportuario del Centro Norte has been sold short.

Short Interest Ratio / Days to Cover

Grupo Aeroportuario del Centro Norte has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Grupo Aeroportuario del Centro Norte has recently decreased by 32.50%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Grupo Aeroportuario del Centro Norte has a news sentiment score of 1.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Transportation companies.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Grupo Aeroportuario del Centro Norte insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 9.53% of the stock of Grupo Aeroportuario del Centro Norte is held by institutions.

OMAB Stock Analysis - Frequently Asked Questions

How have OMAB shares performed this year?

Grupo Aeroportuario del Centro Norte's stock was trading at $84.63 on January 1st, 2024. Since then, OMAB shares have decreased by 14.8% and is now trading at $72.10.
View the best growth stocks for 2024 here.

How were Grupo Aeroportuario del Centro Norte's earnings last quarter?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) announced its earnings results on Wednesday, July, 22nd. The transportation company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.00. The transportation company earned $27.25 million during the quarter. Grupo Aeroportuario del Centro Norte had a trailing twelve-month return on equity of 51.74% and a net margin of 35.31%.

Who are Grupo Aeroportuario del Centro Norte's major shareholders?

Top institutional investors of Grupo Aeroportuario del Centro Norte include State Street Corp (0.74%), abrdn plc (0.39%), National Bank of Canada FI (0.29%) and Healthcare of Ontario Pension Plan Trust Fund (0.10%).

How do I buy shares of Grupo Aeroportuario del Centro Norte?

Shares of OMAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Grupo Aeroportuario del Centro Norte own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Grupo Aeroportuario del Centro Norte investors own include NVIDIA (NVDA), Broadcom (AVGO), Jabil (JBL), Arista Networks (ANET), e.l.f. Beauty (ELF), Adobe (ADBE) and Builders FirstSource (BLDR).

Company Calendar

• Last Earnings: 7/22/2020
• Ex-Dividend for 11/27 Dividend: 11/19/2024
• Dividend Payable: 11/27/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Airports, flying fields, & services
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:OMAB
• CUSIP: N/A
• CIK: 1378239
• Web: www.oma.aero
• Phone: 528186254300
• Fax: 52-81-8160-0003
• Employees: 1,270
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $80.83
• High Stock Price Target: $94.00
• Low Stock Price Target: $71.50
• Potential Upside/Downside: +12.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.67
• Trailing P/E Ratio: 12.72
• Forward P/E Ratio: 13.38
• P/E Growth: 4.39
• Net Income: $296.23 million
• Net Margins: 35.31%
• Pretax Margin: 51.47%
• Return on Equity: 51.74%
• Return on Assets: 18.80%

Debt

• Debt-to-Equity Ratio: 1.16
• Current Ratio: 1.08
• Quick Ratio: 1.08

Sales & Book Value

• Annual Sales: $14.67 billion
• Price / Sales: 0.21
• Cash Flow: $7.40 per share
• Price / Cash Flow: 9.74
• Book Value: $13.52 per share
• Price / Book: 5.33

Miscellaneous

• Outstanding Shares: 42,543,000
• Free Float: N/A
• Market Cap: $3.07 billion
• Optionable: Optionable
• Beta: 1.30