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

BMV:OMA B Stock Report

Market Cap: Mex$61.1b

Grupo Aeroportuario del Centro Norte. de Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 OMA B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OMA B (MX$158.26) is trading above our estimate of fair value (MX$51.59)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for OMA B. This is calculated by dividing OMA B's market cap by their current earnings.
What is OMA B's PE Ratio?
PE Ratio12.2x
EarningsMex$4.99b
Market CapMex$61.12b

Price to Earnings Ratio vs Peers

How does OMA B's PE Ratio compare to its peers?

The above table shows the PE ratio for OMA B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.6x
ASUR B Grupo Aeroportuario del Sureste S. A. B. de C. V
12.3x7.9%Mex$155.7b
GAP B Grupo Aeroportuario del Pacífico. de
21.6x19.2%Mex$189.6b
PINFRA * Promotora y Operadora de Infraestructura S. A. B. de C. V
10.4x4.2%Mex$81.3b
ALEATIC * Aleatica. de
78xn/aMex$162.0b
OMA B Grupo Aeroportuario del Centro Norte. de
12.2x11.3%Mex$61.1b

Price-To-Earnings vs Peers: OMA B is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (30.6x).


Price to Earnings Ratio vs Industry

How does OMA B's PE Ratio compare vs other companies in the Global Infrastructure Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OMA B 12.2xIndustry Avg. 14.2xNo. of Companies36PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OMA B is good value based on its Price-To-Earnings Ratio (12.2x) compared to the Global Infrastructure industry average (14.2x).


Price to Earnings Ratio vs Fair Ratio

What is OMA B'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.

OMA B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio13.3x

Price-To-Earnings vs Fair Ratio: OMA B is good value based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).


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 OMA B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$158.26
Mex$201.05
+27.0%
10.1%Mex$234.00Mex$175.00n/a13
Nov ’25Mex$163.12
Mex$198.75
+21.8%
10.4%Mex$237.00Mex$170.00n/a13
Oct ’25Mex$166.37
Mex$198.84
+19.5%
9.9%Mex$234.00Mex$170.00n/a12
Sep ’25Mex$157.67
Mex$196.84
+24.8%
9.7%Mex$235.00Mex$170.00n/a12
Aug ’25Mex$157.14
Mex$199.78
+27.1%
9.4%Mex$235.00Mex$170.00n/a13
Jul ’25Mex$155.14
Mex$199.39
+28.5%
9.5%Mex$235.00Mex$170.00n/a13
Jun ’25Mex$173.20
Mex$199.96
+15.4%
9.7%Mex$235.00Mex$170.00n/a12
May ’25Mex$189.66
Mex$195.95
+3.3%
9.6%Mex$235.00Mex$170.00n/a13
Apr ’25Mex$163.12
Mex$195.15
+19.6%
11.2%Mex$240.00Mex$170.00n/a14
Mar ’25Mex$148.88
Mex$196.01
+31.7%
11.1%Mex$240.00Mex$170.00n/a14
Feb ’25Mex$158.23
Mex$207.22
+31.0%
15.8%Mex$289.00Mex$170.00n/a13
Jan ’25Mex$179.76
Mex$203.98
+13.5%
18.0%Mex$289.00Mex$145.00n/a12
Dec ’24Mex$156.89
Mex$206.23
+31.4%
17.7%Mex$289.00Mex$145.00Mex$158.2612
Nov ’24Mex$138.72
Mex$210.89
+52.0%
16.7%Mex$289.00Mex$145.00Mex$163.1212
Oct ’24Mex$189.14
Mex$227.20
+20.1%
9.5%Mex$289.00Mex$201.00Mex$166.3714
Sep ’24Mex$195.94
Mex$226.49
+15.6%
9.5%Mex$289.00Mex$201.00Mex$157.6714
Aug ’24Mex$184.81
Mex$223.49
+20.9%
9.7%Mex$289.00Mex$201.00Mex$157.1414
Jul ’24Mex$181.88
Mex$215.06
+18.2%
16.0%Mex$289.00Mex$117.00Mex$155.1415
Jun ’24Mex$183.52
Mex$208.86
+13.8%
18.8%Mex$289.00Mex$117.00Mex$173.2014
May ’24Mex$197.64
Mex$205.86
+4.2%
19.2%Mex$289.00Mex$117.00Mex$189.6614
Apr ’24Mex$201.27
Mex$197.36
-1.9%
19.1%Mex$289.00Mex$117.00Mex$163.1214
Mar ’24Mex$177.55
Mex$178.36
+0.5%
16.0%Mex$233.00Mex$117.00Mex$148.8814
Feb ’24Mex$177.36
Mex$176.14
-0.7%
15.6%Mex$233.00Mex$117.00Mex$158.2314
Jan ’24Mex$150.07
Mex$179.73
+19.8%
12.1%Mex$233.00Mex$155.00Mex$179.7613
Dec ’23Mex$169.63
Mex$170.81
+0.7%
9.4%Mex$202.00Mex$147.00Mex$156.8913

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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