Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB)

NASDAQ: OMAB · Real-Time Price · USD
65.12
+0.44 (0.68%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.68%
Market Cap 3.15B
Revenue (ttm) 748.99M
Net Income (ttm) 254.98M
Shares Out 386.17M
EPS (ttm) 0.66
PE Ratio 12.37
Forward PE 11.61
Dividend $3.20 (4.91%)
Ex-Dividend Date May 21, 2024
Volume 54,022
Open 64.61
Previous Close 64.68
Day's Range 63.95 - 65.80
52-Week Range 59.08 - 90.53
Beta 0.99
Analysts Buy
Price Target 94.00 (+44.35%)
Earnings Date Oct 25, 2024

About OMAB

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; a hotel under the Hilton Garden Inn name at the Monterrey International Airport; OMA-VYNMS... [Read more]

Sector Industrials
IPO Date Nov 29, 2006
Employees 1,270
Stock Exchange NASDAQ
Ticker Symbol OMAB
Full Company Profile

Financial Performance

In 2023, OMAB's revenue was 14.46 billion, an increase of 21.13% compared to the previous year's 11.93 billion. Earnings were 5.01 billion, an increase of 28.48%.

Financial numbers in MXN Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for OMAB stock is "Buy." The 12-month stock price forecast is $94.0, which is an increase of 44.35% from the latest price.

Price Target
$94.0
(44.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Grupo Aeroportuario Del Centro Norte: Stock Is Still A Buy Despite Higher Concession Taxes

Grupo Aeroportuario del Centro Norte's Q3 results beat analyst estimates, with a 1.4% revenue rise driven by strong non-aeronautical revenues despite a decline in aeronautical revenues. Higher concess...

3 days ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) Shares Up 3.5% on Oct 2

Shares of Grupo Aeroportuario del Centro Norte SAB de CV (OMAB, Financial) surged 3.50% in mid-day trading on Oct 2. The stock reached an intraday high of $69.78, before settling at $69.49, up from it...

7 weeks ago - GuruFocus

Grupo Aeroportuario del Centro Norte: A Buy Despite Headwinds

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. stock declined 30% due to lower traffic and Mexican peso depreciation. The company faces a flurry of challenges largely outside its control, but th...

3 months ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2024 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q2 2024 Earnings Conference Call July 29, 2024 11:30 AM ET Company Participants Luis Emmanuel Camacho Thierry - Investor Relations M...

4 months ago - Seeking Alpha

OMA: Near-Term Traffic Challenges, And Longer-Term Uncertainties, But Good Value And Nearshoring Leverage

OMA's Q2'24 results beat expectations with better than expected non-aero revenue and cost control, despite challenges in the operating environment and weaker traffic. OMA's traffic held up well compar...

4 months ago - Seeking Alpha

FNV, PBR, OMAB: Finding Small Cap Opportunities Abroad

Inflation is not coming down as fast in the U.S. as it is in Europe, notes Lukasz Tomicki. He discusses finding small cap opportunities abroad.

Other symbols: FNVPBR
6 months ago - Schwab Network

Grupo Aeroportuario Del Centro Norte: Time To Buy More?

Grupo Aeroportuario Del Centro Norte stock has outperformed the markets. There are risks such as airline capacities, cost inflation and tariff regulations. OMAB stock remains attractive for investment...

6 months ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2024 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q1 2024 Earnings Conference Call April 25, 2024 1:00 PM ET Company Participants Emmanuel Camacho - Investor Relations Ricardo Duenas...

7 months ago - Seeking Alpha

Grupo Aeroportuario Del Centro Norte Stock Remains Attractive

Nearshoring trend in Mexico presents opportunities for increased manufacturing and economic activity, benefiting Grupo Aeroportuario del Centro Norte. Risks include stalling economic growth affecting ...

9 months ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q4 2023 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

OMAB: Safe To BUY

Mexican Government changes concession terms, increasing fees from 5% to 9% of gross revenue, impacting OMA's results. Changes to the formula for airport fees may lead to reduced growth estimates and c...

1 year ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q3 2023 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q3 2023 Earnings Conference Call October 30, 2023 12:00 PM ET Company Participants Emmanuel Camacho - Investor Relations Ricardo Due...

1 year ago - Seeking Alpha

High Moat Companies And Mexico's Long-Term Story With Ian Bezek

Ian Bezek favors high moat companies and stable, consistent businesses with durable advantages.

Other symbols: ASRBUDCAAPDEOHRLMKCPAC
1 year ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte: Analyzing The Fee Change Impact (Rating Upgrade)

Grupo Aeroportuario del Centro Norte operates airport concessionaires in central and northern Mexico. These are businesses with high barriers to entry. On October 5th news broke that the Mexican gover...

1 year ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte: Crisis Creates Opportunity

Mexican airport regulator's potential change to tariff formula caused shares to plummet. The current share price incorporates an 18% tariff cut, which seems harsh. Two other scenarios suggest a potent...

1 year ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte: Recovery Not Yet Complete

Grupo Aeroportuario del Centro Norte operates 13 international airports in Mexico and two hotels. The business model of airports turns them into oligopolies with high barriers to entry. International ...

1 year ago - Seeking Alpha

Central North Airport Group: Buy On Nearshoring And Tesla Hype?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is a Mexican airport stock that is well-positioned to benefit from the nearshoring trend. Nearshoring, the placement of activities to a nearby regi...

1 year ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2023 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q2 2023 Results Conference Call July 31, 2023 1:00 PM ET Company Participants Emmanuel Camacho - IR Ricardo Dueñas - CEO Ruffo Pérez...

1 year ago - Seeking Alpha

Centro Norte Airports: Accelerating Reshoring Will Power The Next Leg Higher

Centro Norte Airport shares are now trading well above pre-pandemic levels. I believe this is easily justified given that traffic, earnings, and EBITDA are also well above 2019 levels. A flood of new ...

1 year ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2023 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2023 Earnings Call Transcript.

1 year ago - Seeking Alpha

Centro Norte: Dividend Stock To Rise On Mexico's Air Travel Growth

Centro Norte: Dividend Stock To Rise On Mexico's Air Travel Growth

1 year ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q4 2022 Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q4 2022 Earnings Conference Call February 17, 2023 8:00 AM ET Company Participants Emmanuel Camacho - Investor Relations Ricardo Due...

1 year ago - Seeking Alpha

Centro Norte Airports: Staying Bullish As Growth Is Accelerating

I named Centro Norte Airports my favorite Covid-19 recovery stock in 2020 as it benefits from reshoring/Mexican manufacturing along with broader travel dynamics. Shares have performed well and are now...

1 year ago - Seeking Alpha

Mexican Airports: ASR Over OMAB And PAC

The sector is resilient, highly profitable, and growing. ASR has more upside on debt reduction.

Other symbols: ASRPAC
2 years ago - Seeking Alpha

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q3 2022 - Earnings Call Transcript

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Q3 2022 Earnings Conference Call October 31, 2022 12:00 PM ET Company Participants Emmanuel Camacho - IR Officer Ricardo Duenas - CE...

2 years ago - Seeking Alpha