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Grupo Aeroportuario Del Centro (OMAB)
NASDAQ:OMAB
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Grupo Aeroportuario Del Centro
(NASDAQ:OMAB)
Rating:79Outperform
Price Target:
$121.00
▲(14.78% Upside)
Grupo Aeroportuario Del Centro (OMAB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.01B
Dividend Yield4.4%
Average Volume (3M)82.64K
Price to Earnings (P/E)19.0
Beta (1Y)1.12
Revenue Growth-7.59%
EPS Growth-9.80%
CountryUS
Employees1,163
SectorIndustrials
Sector Strength74
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)1.48
Shares Outstanding42,543,194
10 Day Avg. Volume79,141
30 Day Avg. Volume82,642
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 Cap1.13
Enterprise Value/Revenue0.36
Enterprise Value/Gross Profit0.49
Enterprise Value/Ebitda0.58
Forecast
1Y Price Target
$105.00Price Target Upside-0.40% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering3
Grupo Aeroportuario Del Centro Business Overview & Revenue Model
Company DescriptionGrupo Aeroportuario Del Centro (OMAB) is a leading airport operator in Mexico, responsible for the management and operation of several key airports across the central region of the country. The company focuses on providing high-quality services to passengers and airlines, ensuring efficient airport operations while enhancing customer experience. OMAB's core products and services include passenger and cargo handling, retail and food & beverage concessions, and ground transportation services, making it a crucial player in the aviation and travel sectors.
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: |
Next Earnings Date:Oct 28, 2025
Earnings Call Sentiment Positive
The earnings call reflected a strong operational and financial performance with significant growth in passenger traffic and revenues. However, there are some concerns regarding transitional challenges in management and increased costs. The overall sentiment is positive, driven by the robust growth metrics and strategic financial decisions.Q2-2025 Updates
Positive Updates
Successful Long-term Note Issuance
OMA successfully completed a MXN 2.75 billion issuance in long-term notes in the Mexican market, with proceeds used to repay short-term loans and fund investments.
Passenger Traffic Growth
OMA's passenger traffic reached 7.2 million, an 11% increase year-over-year. International passenger traffic increased by 19%, driven by routes from Monterrey Airport.
Revenue Growth
Aeronautical revenues increased by 17%, and commercial revenues grew by 20% with commercial revenue per passenger increasing by 8%.
Strong EBITDA Performance
Adjusted EBITDA increased by 19% to MXN 2.6 billion with an adjusted EBITDA margin of 74.6%.
High Occupancy in Commercial Spaces
The occupancy rate for commercial space stood at 96% at the end of the quarter.
Industrial Services Growth
Revenues from industrial services grew over 100%, contributing significantly to diversification revenue.
Negative Updates
Retirement of Key Personnel
Chief Operating Officer Enrique Navarro is retiring after 21 years, which could bring transitional challenges.
Increase in Costs
Cost of services and G&A expense increased by 5.6% year-over-year, mainly due to an 11% rise in payroll and higher costs for security and cleaning services.
Limited Impact of Traffic Growth on Long-term Guidance
Despite strong passenger traffic growth, expectations are tempered by anticipated reduced capacity from airlines and tougher year-over-year comparisons.
Company Guidance
During OMA's Second Quarter 2025 Earnings Conference Call, several key metrics and guidance points were discussed. The company successfully completed a MXN 2.75 billion issuance in long-term notes, which will be used to repay MXN 600 million in short-term loans and fund committed investments. The ongoing negotiation for the 2630 master development program was highlighted, with expectations for a similar level of committed investment in real peso terms compared to the previous MDP. A low single-digit increase in maximum tariff in real terms is anticipated. For the second quarter of 2025, OMA reported a passenger traffic increase to 7.2 million, an 11% rise year-over-year, with domestic traffic growing by 10% and international traffic by 19%. Aeronautical revenues increased by 17%, and commercial revenues saw a 20% growth, driven by restaurants, parking, VIP lounges, and retail. The adjusted EBITDA for the quarter was MXN 2.6 billion with a margin of 74.6%, and the company maintained a strong balance sheet with a net debt to adjusted EBITDA ratio of 1x.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
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.88
Very Positive
Balance Sheet
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.82
Very Positive
Cash Flow
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.85
Very Positive
| 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
Positive
105.42
Price Trends
107.17
Negative
101.04
Positive
87.04
Positive
Market Momentum
-0.86
Positive
50.27
Neutral
41.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMAB, the sentiment is Positive. The current price of 105.42 is above the 20-day moving average (MA) of 105.32, below the 50-day MA of 107.17, and above the 200-day MA of 87.04, indicating a neutral trend. The MACD of -0.86 indicates Positive momentum. The RSI at 50.27 is Neutral, neither overbought nor oversold. The STOCH value of 41.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
1.
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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $5.01B | 18.99 | 59.78% | 4.40% | -7.59% | -9.80% | |
79 Outperform | $10.07B | 15.78 | 28.86% | 7.33% | 5.67% | -9.58% | |
74 Outperform | $12.28B | 26.40 | 47.69% | 4.92% | 7.45% | -13.53% | |
74 Outperform | $3.43B | 23.76 | 10.46% | ― | 10.45% | -62.52% | |
72 Outperform | $14.77B | 13.19 | 161.29% | 1.96% | 5.64% | 63.23% | |
64 Neutral | $10.73B | 15.74 | 7.64% | 2.01% | 2.76% | -15.10% | |
58 Neutral | $16.94B | 48.50 | 4.30% | 2.31% | 1.64% | 284.24% |
* Industrials Sector Average
Performance Comparison
OMAB
Grupo Aeroportuario Del Centro
105.42
45.14
74.88%
PAC
Grupo Aeroportuario del Pacifico
249.93
90.95
57.21%
ASR
Grupo Aeroportuario del Sureste
335.52
93.91
38.87%
LUV
Southwest Airlines
31.39
2.35
8.09%
CAAP
Corporacion America Airports SA
21.43
6.63
44.80%
LTM
LATAM Airlines Group SA Sponsored ADR
50.34
27.06
116.24%
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.