Professional
Added to YB: 2025-07-08
Pitch date: 2025-07-04
OMAB [neutral]
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
-3.09%
current return
Author Info
No bio for this author
Company Info
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico.
Market Cap
MXN 93.3B
Pitch Price
MXN 252.80
Price Target
N/A
Dividend
4.60%
EV/EBITDA
10.41
P/E
17.56
EV/Sales
6.42
Sector
Transportation Infrastructure
Category
N/A
Kathmandu Capital Portfolio Holding: Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
OMAB (holding update): Mexican airport monopoly operates 13 airports under 50-year concession. High barriers to entry, sticky business model. 41% FCF margin with predetermined capex via 5-year MDPs. Positioned to benefit from nearshoring due to Monterrey exposure. Upcoming MDP renewal (2025) potential catalyst despite higher concession taxes (5% to 9% of revenue).
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