Is Now The Time To Put Grupo Aeroportuario del Centro Norte. de (BMV:OMAB) On Your Watchlist?
May 30
Mexican (IPC) Infrastructure Industry Analysis
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies5
- 7D0.1%
- 3M-3.6%
- 1Y23.3%
- YTD9.5%
Over the last 7 days, the Infrastructure industry has remained flat, although notably Grupo Aeroportuario del Pacífico. de gained 5.6%. As for the the longer term, the industry is up 23% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Mexican Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | Mex$508.4b | Mex$95.9b | Mex$29.1b | 17.4x | 17.4x | 5.3x |
| Thu, 27 Apr 2023 | Mex$507.8b | Mex$93.1b | Mex$28.5b | 16.1x | 17.8x | 5.5x |
| Sat, 25 Mar 2023 | Mex$537.9b | Mex$92.1b | Mex$28.2b | 17.6x | 19.1x | 5.8x |
| Mon, 20 Feb 2023 | Mex$529.3b | Mex$86.3b | Mex$26.4b | 17.4x | 20.1x | 6.1x |
| Wed, 18 Jan 2023 | Mex$509.0b | Mex$86.1b | Mex$27.0b | 16.7x | 18.9x | 5.9x |
| Fri, 16 Dec 2022 | Mex$472.5b | Mex$86.1b | Mex$27.0b | 15.4x | 17.5x | 5.5x |
| Sun, 13 Nov 2022 | Mex$498.2b | Mex$86.1b | Mex$27.0b | 15.9x | 18.5x | 5.8x |
| Tue, 11 Oct 2022 | Mex$421.8b | Mex$81.2b | Mex$25.3b | 14.7x | 16.7x | 5.2x |
| Thu, 08 Sep 2022 | Mex$406.3b | Mex$81.2b | Mex$25.3b | 14.6x | 16.1x | 5x |
| Sat, 06 Aug 2022 | Mex$406.6b | Mex$81.2b | Mex$25.3b | 14.7x | 16.1x | 5x |
| Mon, 04 Jul 2022 | Mex$399.5b | Mex$74.8b | Mex$21.8b | 16.1x | 18.3x | 5.3x |
| Wed, 01 Jun 2022 | Mex$418.0b | Mex$74.8b | Mex$21.8b | 17.5x | 19.2x | 5.6x |
| Fri, 29 Apr 2022 | Mex$442.1b | Mex$72.1b | Mex$21.9b | 18.3x | 20.2x | 6.1x |
| Sun, 27 Mar 2022 | Mex$440.3b | Mex$66.5b | Mex$19.1b | 20.8x | 23.1x | 6.6x |
| Tue, 22 Feb 2022 | Mex$445.0b | Mex$57.9b | Mex$14.2b | 29x | 31.3x | 7.7x |
| Thu, 20 Jan 2022 | Mex$418.3b | Mex$57.9b | Mex$14.2b | 26.1x | 29.4x | 7.2x |
| Sat, 18 Dec 2021 | Mex$414.8b | Mex$57.9b | Mex$14.2b | 26.1x | 29.1x | 7.2x |
| Mon, 15 Nov 2021 | Mex$420.4b | Mex$57.9b | Mex$14.2b | 26.6x | 29.5x | 7.3x |
| Wed, 13 Oct 2021 | Mex$399.7b | Mex$50.7b | Mex$8.9b | 39.4x | 44.8x | 7.9x |
| Fri, 10 Sep 2021 | Mex$377.4b | Mex$50.7b | Mex$8.9b | 36.6x | 42.3x | 7.4x |
| Sun, 08 Aug 2021 | Mex$364.9b | Mex$50.7b | Mex$8.9b | 34.7x | 40.9x | 7.2x |
| Sat, 01 May 2021 | Mex$364.3b | Mex$41.0b | Mex$4.1b | 89x | 89.3x | 8.9x |
| Tue, 02 Feb 2021 | Mex$354.6b | Mex$44.3b | Mex$6.8b | 46.1x | 52.4x | 8x |
| Fri, 06 Nov 2020 | Mex$297.4b | Mex$46.0b | Mex$7.6b | 25.1x | 38.9x | 6.5x |
| Mon, 10 Aug 2020 | Mex$283.4b | Mex$49.4b | Mex$10.4b | 16.8x | 27.2x | 5.7x |
Price to Earnings Ratio
16.1x
Current Industry PE
- Investors are pessimistic on the Mexican Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.4x which is lower than its 3-year average PE of 34.3x.
- The 3-year average PS ratio of 6.7x is higher than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 17% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Mexican Industrials industry?
| MX Market | 0.62% | |
| Industrials | 0.96% | |
| Infrastructure | 0.096% | |
| Airport Services | 0.22% | |
| Marine Ports and Services | 0% | |
| Highways and Railtracks | -0.29% | |
Industry PE
- Investors are most optimistic about the Highways and Railtracks industry even though it's trading below its 3-year average PE ratio of 163x.
- Analysts are expecting annual earnings growth of 10.0%, which is higher than its past year's earnings decline of 5.1% per year.
- Investors are most pessimistic about the Airport Services industry, which is trading below its 3-year average of 31.5x.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 33% per year.
- In contrast, the Highways and Railtracks industry is expected to see its earnings grow by 10.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GAP B Grupo Aeroportuario del Pacífico. de | Mex$328.90 | 5.6% +Mex$8.8b | 11.3% | PE18x | |
| OMA B Grupo Aeroportuario del Centro Norte. de | Mex$194.98 | 3.0% +Mex$2.2b | 37.0% | PE17.8x | |
| ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. V | Mex$505.41 | 1.3% +Mex$2.0b | 17.6% | PE14.7x | |
| PINFRA * Promotora y Operadora de Infraestructura S. A. B. de C. V | Mex$174.68 | 1.8% +Mex$1.1b | 29.2% | PE12.8x |
