Added to YB: 2024-01-08
Pitch date: 2024-01-08
OMAB [bullish]
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
+60%
current return
Author Info
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 153.12
Price Target
89.39 (-64%)
Dividend
4.60%
EV/EBITDA
10.41
P/E
17.56
EV/Sales
6.42
Sector
Transportation Infrastructure
Category
growth
Grupo Aeroportuario del Centro Norte (OMAB): A Bet on Nearshoring
OMAB: Monterrey airport operator to gain from Mexico nearshoring trend. 10% passenger growth 2013-19, 16% revenue CAGR 2013-22. Quality service per reviews. Trades at 12-14x PE vs EU peers 20-30x. 11% IRR potential from 20% ROE & high payout. Compelling play on MX airline growth & nearshoring.
Read full article (6 min)