Is It Time To Consider Buying Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB)?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB), is not the largest company out there, but it saw a decent share price growth in the teens level on the BMV over the last few months. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. But what if there is still an opportunity to buy? Today I will analyse the most recent data on Grupo Aeroportuario del Centro Norte. de’s outlook and valuation to see if the opportunity still exists.

Check out our latest analysis for Grupo Aeroportuario del Centro Norte. de

Is Grupo Aeroportuario del Centro Norte. de Still Cheap?

According to my valuation model, Grupo Aeroportuario del Centro Norte. de seems to be fairly priced at around 15% below my intrinsic value, which means if you buy Grupo Aeroportuario del Centro Norte. de today, you’d be paying a fair price for it. And if you believe that the stock is really worth MX$169.65, then there isn’t much room for the share price grow beyond what it’s currently trading. In addition to this, Grupo Aeroportuario del Centro Norte. de has a low beta, which suggests its share price is less volatile than the wider market.

Can we expect growth from Grupo Aeroportuario del Centro Norte. de?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Grupo Aeroportuario del Centro Norte. de's earnings over the next few years are expected to increase by 28%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.

What This Means For You

Are you a shareholder? It seems like the market has already priced in OMA B’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?

Are you a potential investor? If you’ve been keeping an eye on OMA B, now may not be the most optimal time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. Every company has risks, and we've spotted 3 warning signs for Grupo Aeroportuario del Centro Norte. de (of which 1 doesn't sit too well with us!) you should know about.

If you are no longer interested in Grupo Aeroportuario del Centro Norte. de, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.