Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) Fair Value & Analysis
Industrials · US · Market cap $5.5B · ISIN US4005011022
What is Grupo Aeroportuario del Centro Norte SAB de CV really worth?
A strong business, trading 37% below our fair value of $157.39.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 24 valuation models · updated 8 days ago
Share price −10.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case ($118.04). The market is more pessimistic than our downside scenario.
- A fairly wide model range ($118.04 to $220.67) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range $30.03 – $131.13 · fair‑value band $118.04 – $220.67 · the $99.21 price screens below the $157.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) currently trades at $99.21, while our model-based Fair Value estimate is $157.39, implying the stock looks roughly 37.0% undervalued today. The Quality Score stands at 75/100 (high quality), in the Industrials sector. Bull case: the Growth DCF group reads highest at a median of $1,420 per share, and 24 of the 24 models we run sit above the $99.21 price. Bear case: the Asset-Based group reads lowest at $179.41, and 0 of the 24 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Grupo Aeroportuario del Centro Norte SAB de CV generated revenue of $16.2B at a net margin of 32.6%. Revenue grew 6.9% year over year. It earns a return on equity of 43.4%. Net debt stands at $10.5B. Fundamentals as of Aug 27, 2026
Our scenario range runs from $118.04 (bear case) to $220.67 (bull case); at $99.21, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at 59%, OMAB screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $4.32 per share, which is 2.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models ($3,470) versus Asset-Based ($179.41). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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. It operates 13 international airports in Monterrey; Acapulco, Mazatlán, and Zihuatanejo; Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas; and Ciudad Juárez and Reynosa cities. The company is also involved in leasing of space to restaurants and retailers. In addition, it engages in the operation of parking facilities; OMA Carga business comprising warehouses that provides cargo logistics services, such as storage, handling, custody maneuvers, loading and unloading, x-ray screening of exports, and other services; the Terminal 2 NH Collection Hotel; and the Hilton Garden Inn Hotel at the Monterrey airport; and non-permanent ground transportation. Further, the company provides aeronautical services, which include passenger, aircraft landing and parking, airport security, passenger walkway, and complementary services; car parking; checked baggage-screening services; and construction services. Additionally, it builds and operates industrial park at the Monterrey airport. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. was incorporated in 1998 and is based in Mexico City, Mexico.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Grupo Aeroportuario del Centro Norte SAB de CV reported revenue of 16.0B MXN in FY2025 versus 8.7B MXN in FY2021, a compound +16.3%/yr. Reported net income was 5.3B MXN in FY2025, compounding +16.9%/yr from FY2021.
of which total revenue +14.2 % · buybacks/dilution +0.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch OMAB: get an alert when its fair value changes →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) Q2 2026 Earnings Call Highlights: Strong ...
- Grupo Aeroportuario del Centro Norte Q2 Earnings Call Highlights
- Strength Seen in Grupo Aeroportuario del Centro Norte (OMAB): Can Its 7.1% Jump Turn into More Strength?
- How The Narrative Around Grupo Aeroportuario del Centro Norte (BMV:OMA B) Is Evolving Without New Targets
Peer Group
Airports & Air Services · 54 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Airports & Air Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Aena S.M.E., S.A AENA | €26.42 | €26.90 | +2% |
| Airports of Thailand Public Company TATD | 2.58 SGD | 1.25 SGD | −52% |
| GMR Airports Limited GMRINFRA | ₹102.70 | ₹22.29 | −78% |
| Shanghai International Airport Co 600009 | ¥23.41 | ¥17.09 | −27% |
| Flughafen Zürich AG FHZN | CHF 208.80 | CHF 121.30 | −42% |
| Auckland International Airport Limited AIA | A$7.09 | A$2.76 | −61% |
| Fraport AG FRA | €62.40 | €49.83 | −20% |
| Københavns Lufthavne A/S KBHL | kr 5,440 | kr 1,821 | −67% |
| SATS Ltd S58 | 4.07 SGD | 4.03 SGD | −1% |
| Flughafen Wien Aktiengesellschaft, FLU | €53.00 | €46.33 | −13% |
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