Grupo Aeroportuario del Centro Norte S.A.B de C.V.
Research Grupo Aeroportuario del Centro Norte S.A.B de C.V. (OMAB) on Bullrun: valuation model: 5.8% undervalued, market cap USD 3.80B, P/E 14.4, dividend yield 5.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerOMAB
- ExchangeNASDAQ
- CountryMexico
- SectorIndustrials
- IndustryAirports & Air Services
- CurrencyUSD
- Valuation signal5.8% undervalued
- Market capUSD 3.80B
- P/E14.4
- Dividend yield5.9%
- Financial periodQ2 2026
- RevenueMXN 4.47B
- Net incomeMXN 1.47B
- Free cash flowMXN 921.46M
- Gross margin66.6%
Valuation Snapshot
Bullrun's latest valuation model marks Grupo Aeroportuario del Centro Norte S.A.B de C.V. as 5.8% undervalued; latest market cap is USD 3.80B; P/E is 14.4; dividend yield is 5.9%.
Peer valuation comparison
Latest P/E is 14.44x versus a Industrials sector median of 21.2x (31.9% below).
Latest dividend yield is 5.93% versus a Industrials sector median of 2.27% (161.2% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | MXN 15.96B | MXN 5.34B | MXN 7.28B | 70.1% | 110.64 | MXN 2.15B | MXN 13.59B | MXN 11.26B |
| FY2024 | MXN 15.07B | MXN 4.93B | MXN 5.88B | 66.8% | 102.08 | MXN 1.66B | MXN 11.46B | MXN 10.38B |
| FY2023 | MXN 14.46B | MXN 5.01B | MXN 5.93B | 65.8% | 103.83 | MXN 2.58B | MXN 10.88B | MXN 9.67B |
| FY2022 | MXN 11.93B | MXN 3.90B | MXN 4.75B | 61.5% | 80.8 | MXN 3.34B | MXN 10.39B | MXN 8.37B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 3.80B | 14.4 | 6.0% | 5.44 |
| 2025 | 2025-12-31 | USD 5.25B | 24.8 | 4.5% | 4.87 |
| 2024 | 2024-12-31 | USD 3.31B | 12.3 | 7.0% | 4.79 |
| 2023 | 2023-12-29 | USD 4.09B | 15.1 | 5.1% | 4.35 |
| 2022 | 2022-12-30 | USD 2.99B | 16.2 | 10.8% | 6.68 |
| 2021 | 2021-12-31 | USD 2.59B | 18.5 | 3.6% | 1.91 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 5.44 USD, yield 5.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 4.87 MXN |
| FY2024 | 4.79 MXN |
| FY2023 | 4.35 MXN |
| FY2022 | 6.68 MXN |
About Grupo Aeroportuario del Centro Norte S.A.B de C.V.
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. It operates 13 international airports in Monterrey; Acapulco, Mazatlán, and Zihuatanejo; Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas; and Ciudad Juárez and Reynosa cities. The company is also involved in leasing of space to restaurants and retailers. In addition, it engages in the operation of parking facilities;
ETFs that hold Grupo Aeroportuario del Centro Norte S.A.B de C.V.
Grupo Aeroportuario del Centro Norte S.A.B de C.V. is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| iShares Emerging Market Infrastructure UCITS ETF USD (Dist) | 4.36% | 0.74% |
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Frequently asked questions
Is Grupo Aeroportuario del Centro Norte S.A.B de C.V. overvalued or undervalued?
Bullrun's valuation model currently marks Grupo Aeroportuario del Centro Norte S.A.B de C.V. as 5.8% undervalued.
What is Grupo Aeroportuario del Centro Norte S.A.B de C.V.'s market cap?
Grupo Aeroportuario del Centro Norte S.A.B de C.V.'s market capitalization is USD 3.80B.
What is Grupo Aeroportuario del Centro Norte S.A.B de C.V.'s P/E ratio?
Grupo Aeroportuario del Centro Norte S.A.B de C.V.'s price-to-earnings (P/E) ratio is 14.4.
Does Grupo Aeroportuario del Centro Norte S.A.B de C.V. pay a dividend?
Grupo Aeroportuario del Centro Norte S.A.B de C.V. has a dividend yield of 5.9%.
What does Grupo Aeroportuario del Centro Norte S.A.B de C.V. do?
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. It operates 13 international airports in Monterrey; Acapulco, Mazatlán, and Zihuatanejo; Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas; and Ciudad Juárez and Reynosa cities. The company is also involved in leasing of space to restaurants and retailers.