What Is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.'s (BMV:OMAB) Share Price Doing?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV:OMAB), might not be a large cap stock, but it received a lot of attention from a substantial price increase 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. However, what if the stock is still a bargain? Let’s examine Grupo Aeroportuario del Centro Norte. de’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

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

What Is Grupo Aeroportuario del Centro Norte. de Worth?

According to my valuation model, Grupo Aeroportuario del Centro Norte. de seems to be fairly priced at around 9.6% 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 the company’s true value is MX$175.95, then there’s not much of an upside to gain from mispricing. What's more, Grupo Aeroportuario del Centro Norte. de’s share price may be more stable over time (relative to the market), as indicated by its low beta.

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

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Grupo Aeroportuario del Centro Norte. de's earnings over the next few years are expected to increase by 30%, 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 track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value?

Are you a potential investor? If you’ve been keeping tabs 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.

If you want to dive deeper into Grupo Aeroportuario del Centro Norte. de, you'd also look into what risks it is currently facing. In terms of investment risks, we've identified 2 warning signs with Grupo Aeroportuario del Centro Norte. de, and understanding these should be part of your investment process.

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.