Grupo Aeroportuario Del Centro (OMAB) AI Stock Analysis

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Grupo Aeroportuario Del Centro

(NASDAQ:OMAB)

Rating:82Outperform

Price Target:

$123.00

▲(17.05% Upside)

OMAB's strong financial performance and promising earnings call outcomes are the primary drivers of its high score. Technical indicators and valuation are supportive, suggesting a well-rounded investment opportunity. However, watch for rising financing costs.

Grupo Aeroportuario Del Centro (OMAB) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$5.07B

Dividend Yield4.23%

Average Volume (3M)79.25K

Price to Earnings (P/E)19.3

Beta (1Y)1.10

Revenue Growth-7.59%

EPS Growth-9.80%

CountryUS

Employees1,163

SectorIndustrials

Sector Strength84

IndustryAirlines, Airports & Air Services

Share Statistics

EPS (TTM)1.49

Shares Outstanding42,543,194

10 Day Avg. Volume86,072

30 Day Avg. Volume79,246

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)0.00

Price to Sales (P/S)0.00

P/FCF Ratio0.00

Enterprise Value/Market Cap1.11

Enterprise Value/Revenue0.36

Enterprise Value/Gross Profit0.49

Enterprise Value/Ebitda0.58

Forecast

1Y Price Target

$111.33

Price Target Upside5.95% Upside

Rating ConsensusHold

Number of Analyst Covering5

Grupo Aeroportuario Del Centro Business Overview & Revenue Model

Company DescriptionGrupo 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.

How the Company Makes MoneyGrupo Aeroportuario Del Centro generates revenue primarily through airport operations, which include landing and takeoff fees charged to airlines, terminal usage fees, and passenger service charges. These fees are based on the volume of flights and passengers handled at their airports. Additionally, the company earns significant income from retail and concession agreements within airport terminals, including shops, restaurants, and lounges. OMAB also benefits from ancillary services like parking fees and ground transportation services. Strategic partnerships with airlines and service providers further enhance revenue opportunities, as they contribute to increased passenger traffic and operational synergies.

Grupo Aeroportuario Del Centro Earnings Call Summary

Earnings Call Date:Jul 28, 2025

(Q2-2025)

% Change Since: -2.24%|

Next Earnings Date:Oct 28, 2025

Earnings Call Sentiment Positive

OMA reported strong growth in passenger traffic and revenues, with significant increases in both domestic and international markets. Financial performance was robust with a notable increase in EBITDA. However, the earnings call also highlighted increased financing and service costs, which could pose challenges. Strategic leadership changes and successful debt issuance are positive developments.

Q2-2025 Updates

Positive Updates

Passenger Traffic Growth

OMA's passenger traffic totaled 7.2 million in the second quarter of 2025, representing an 11% increase year-over-year. Domestic passenger traffic grew by 10% while international passenger traffic increased by 19%.

Financial Performance

Aeronautical revenues increased 17% with a 5% increase in aeronautical revenue per passenger. Commercial revenues grew by 20% with an 8% increase in commercial revenue per passenger. Adjusted EBITDA increased by 19% to MXN 2.6 billion with an adjusted EBITDA margin of 74.6%.

Successful Debt Issuance

OMA completed an MXN 2.75 billion issuance of long-term notes in the Mexican market, with proceeds used to repay MXN 600 million in short-term loans and fund committed investments.

Strategic Leadership Changes

Announcements of new leadership positions with Raful Zacarias succeeding as Chief Operating Officer and Pierre Grosmaire joining as Chief Commercial Officer.

Negative Updates

Increased Financing Expenses

OMA's financing expenses increased by MXN 184 million due to a MXN 185 million variation in non-cash interest expense related to major maintenance provision.

Cost Increases

The cost of services and G&A expenses rose by 5.6% due to an 11% rise in payroll and an 8.2% increase in contracted services costs.

Company Guidance

During OMA's Second Quarter 2025 Earnings Conference Call, the company provided extensive guidance on several key metrics and developments. The call highlighted a robust operational performance, with passenger traffic reaching 7.2 million, marking an 11% year-over-year increase. Monterrey Airport was a significant driver, contributing to a 10% increase in domestic and a 19% increase in international passenger traffic. Aeronautical revenues rose by 17%, and commercial revenues saw a 20% growth, with commercial revenue per passenger increasing by 8% to MXN 62. The company's adjusted EBITDA climbed 19% to MXN 2.6 billion, reflecting an adjusted EBITDA margin of 74.6%. Total investments, including MDP and strategic investments, were reported at MXN 965 million for the quarter. Additionally, OMA completed a MXN 2.75 billion issuance in long-term notes and outlined its ongoing master development program negotiations, with a significant 49% of the proposed investment earmarked for Monterrey Airport. The anticipated low single-digit increase in maximum tariff in real terms is expected to support further growth and development.

Grupo Aeroportuario Del Centro Financial Statement Overview

Summary

Grupo Aeroportuario Del Centro exhibits strong financial health with consistent revenue growth and profitability. The company has a well-managed income statement, a stable balance sheet, and robust cash flow generation, supporting its strategic initiatives.

Income Statement

Very Positive

Grupo Aeroportuario Del Centro has demonstrated robust growth with a steady increase in revenue from 2020 to 2024. The company has maintained a strong Gross Profit Margin, increasing from approximately 46.9% in 2020 to 65.3% in 2024. The Net Profit Margin has also been healthy, with TTM figures showing significant profitability. EBIT and EBITDA margins are strong, reflecting efficient operational management. The Revenue Growth Rate has been impressive, particularly between 2021 and 2022, showcasing the company's ability to expand effectively.

Balance Sheet

Very Positive

The company's Balance Sheet reflects a solid financial position with a stable Debt-to-Equity ratio. While Total Debt has increased over the years, equity has also strengthened, resulting in a stable leverage position. The Return on Equity (ROE) is quite strong, indicating effective use of equity to generate profits. The Equity Ratio has remained relatively stable, suggesting a balanced approach to financing with equity and debt.

Cash Flow

Very Positive

Cash flow analysis reveals a strong ability to generate cash from operations, with Operating Cash Flow consistently growing. The Free Cash Flow has shown significant improvement since 2020, indicating effective capital management and investment strategies. The Operating Cash Flow to Net Income ratio is favorable, demonstrating efficient cash conversion. Free Cash Flow growth has been supported by disciplined capital expenditure management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.74B	15.07B	14.46B	11.93B	8.72B	5.37B
Gross Profit	11.59B	9.84B	9.51B	7.34B	5.15B	2.52B
EBITDA	9.69B	9.16B	8.97B	6.78B	4.84B	2.35B
Net Income	5.18B	4.93B	5.01B	3.90B	2.86B	1.09B
Balance Sheet
Total Assets	30.35B	27.23B	25.24B	23.07B	22.89B	18.14B
Cash, Cash Equivalents and Short-Term Investments	3.35B	1.66B	2.58B	3.34B	5.99B	2.96B
Total Debt	13.58B	11.46B	10.88B	10.39B	7.92B	4.71B
Total Liabilities	21.64B	16.69B	15.40B	14.52B	11.65B	7.31B
Stockholders Equity	8.55B	10.38B	9.67B	8.37B	11.06B	10.65B
Cash Flow
Free Cash Flow	5.10B	5.88B	5.93B	2.08B	2.52B	-138.16M
Operating Cash Flow	7.36B	6.20B	6.33B	4.99B	4.45B	1.30B
Investing Cash Flow	-2.90B	-2.51B	-2.79B	-2.75B	-1.79B	-1.32B
Financing Cash Flow	-2.73B	-4.66B	-4.30B	-4.88B	292.27M	-528.89M

Grupo Aeroportuario Del Centro Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price105.08

Price Trends

50DMA

106.23

Negative

100DMA

95.98

Positive

200DMA

83.23

Positive

Market Momentum

MACD

-0.04

Positive

RSI

45.27

Neutral

STOCH

65.42

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMAB, the sentiment is Neutral. The current price of 105.08 is below the 20-day moving average (MA) of 107.84, below the 50-day MA of 106.23, and above the 200-day MA of 83.23, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 45.27 is Neutral, neither overbought nor oversold. The STOCH value of 65.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OMAB.

Grupo Aeroportuario Del Centro Risk Analysis

Grupo Aeroportuario Del Centro disclosed 61 risk factors in its most recent earnings report. Grupo Aeroportuario Del Centro reported the most risks in the "Legal & Regulatory" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 1 New Risks

We could be exposed to risks related to aircraft parts manufacturing. Q4, 2023

Grupo Aeroportuario Del Centro Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAB	82 Outperform	$5.07B	19.27	59.78%	4.23%	-7.59%	-9.80%
ASR	80 Outperform	$9.40B	14.88	28.86%	7.86%	5.67%	-9.58%
CAAP	74 Outperform	$3.45B	23.77	11.32%	―	6.45%	-64.13%
PAC	73 Outperform	$12.19B	26.08	47.69%	4.80%	7.45%	-13.53%
LTM	72 Outperform	$13.17B	11.24	161.29%	2.36%	5.64%	63.23%
Sector *	64 Neutral	$10.66B	16.26	6.50%	2.14%	2.69%	-21.81%
LUV	49 Neutral	$15.56B	44.54	4.30%	2.48%	1.64%	284.24%

* Industrials Sector Average

Performance Comparison

OMAB

Grupo Aeroportuario Del Centro

105.08

42.55

68.05%

PAC

Grupo Aeroportuario del Pacifico

243.49

89.30

57.92%

ASR

Grupo Aeroportuario del Sureste

312.83

55.19

21.42%

LUV

Southwest Airlines

29.06

4.22

16.99%

CAAP

Corporacion America Airports SA

21.17

5.72

37.02%

LTM

LATAM Airlines Group SA Sponsored ADR

42.74

19.24

81.87%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 31, 2025