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

DB:G7AB Stock Report

Market Cap: €3.2b

Grupo Aeroportuario del Centro Norte. de Valuation

Is G7AB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of G7AB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: G7AB (€7.95) is trading above our estimate of fair value (€2.65)

Significantly Below Fair Value: G7AB is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for G7AB?

Key metric: As G7AB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for G7AB. This is calculated by dividing G7AB's market cap by their current earnings.
What is G7AB's PE Ratio?
PE Ratio14.1x
EarningsMex$4.99b
Market CapMex$68.41b

Price to Earnings Ratio vs Peers

How does G7AB's PE Ratio compare to its peers?

The above table shows the PE ratio for G7AB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
FRA Fraport
11.8x3.1%€5.4b
SIX2 Sixt
15.9x14.1%€3.4b
HHFA Hamburger Hafen und Logistik
42.3x55.0%€1.3b
LHA Deutsche Lufthansa
6.3x2.0%€7.1b
G7AB Grupo Aeroportuario del Centro Norte. de
14.1x10.5%€68.4b

Price-To-Earnings vs Peers: G7AB is good value based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does G7AB's PE Ratio compare vs other companies in the European Infrastructure Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
G7AB 14.1xIndustry Avg. 14.5xNo. of Companies6PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: G7AB is good value based on its Price-To-Earnings Ratio (14.1x) compared to the European Infrastructure industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is G7AB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

G7AB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: G7AB is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst G7AB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.95
€9.43
+18.6%
10.1%€10.98€8.21n/a13
Dec ’25€7.35
€9.29
+26.3%
10.1%€10.81€8.08n/a13
Nov ’25€7.35
€9.22
+25.4%
10.4%€10.99€7.88n/a13
Oct ’25€7.25
€9.34
+28.9%
9.9%€11.00€7.99n/a12
Sep ’25€6.90
€8.93
+29.4%
9.7%€10.66€7.71n/a12
Aug ’25€7.60
€10.36
+36.3%
9.4%€12.18€8.81n/a13
Jul ’25€7.45
€10.11
+35.7%
9.5%€11.92€8.62n/a13
Jun ’25€8.65
€11.03
+27.5%
9.7%€12.96€9.38n/a12
May ’25€6.65
€10.72
+61.3%
9.6%€12.86€9.30n/a13
Apr ’25€8.65
€10.88
+25.8%
11.2%€13.38€9.48n/a14
Mar ’25€7.60
€10.63
+39.8%
11.1%€13.01€9.22n/a14
Feb ’25€8.05
€11.11
+38.0%
15.8%€15.50€9.12n/a13
Jan ’25€9.15
€10.91
+19.3%
18.0%€15.46€7.76€8.0012
Dec ’24€7.85
€10.99
+40.0%
17.7%€15.41€7.73€7.3512
Nov ’24€6.05
€11.20
+85.2%
16.7%€15.35€7.70€7.3512
Oct ’24€10.60
€12.16
+14.7%
9.5%€15.47€10.76€7.2514
Sep ’24€10.00
€12.24
+22.4%
9.5%€15.62€10.86€6.9014
Aug ’24€10.00
€12.15
+21.5%
9.7%€15.72€10.93€7.6014
Jul ’24€9.65
€11.54
+19.6%
16.0%€15.50€6.28€7.4515
Jun ’24€9.50
€10.89
+14.6%
18.8%€15.07€6.10€8.6514
May ’24€9.45
€10.39
+9.9%
19.2%€14.59€5.91€6.6514
Apr ’24€9.95
€10.00
+0.5%
19.1%€14.65€5.93€8.6514
Mar ’24€8.85
€9.24
+4.4%
16.0%€12.07€6.06€7.6014
Feb ’24€8.25
€8.61
+4.4%
15.6%€11.39€5.72€8.0514
Jan ’24€7.25
€8.62
+18.9%
12.1%€11.17€7.43€9.1513

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 07:21
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is covered by 30 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ramón Ortiz ReyesActinver Case de Bolsa, S.A. de C.V.
Pablo Monsivais MendozaBarclays
Pablo Monsivais MendozaBarclays