Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ADS (OMAB)

FairStock Score: 65/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for understandable businesses with durable advantages and conservative prices. OMAB operates 13 international airports in Mexico under concessions, a toll-road-like network with recurring commercial and passenger revenue. In the supplied latest quarter, fiscal Q2 2026, revenue was $4.5B and net income was $1.5B, a 32.83% net margin. That is a high-quality margin. FairStock's calculations show ROE of 60.54% and ROCE of 18.06%; the former is flattered by debt-to-equity of 1.54, so I weight the 18% capital return more heavily. Revenue growth of 2.60% and profit growth of 9.81% suggest modest top-line expansion with improving profitability. At the 2026-10-13 close of $89.83, the P/E is 13.80, P/B is 8.03, and dividend yield is 5.92%. Beta of 0.32 implies defensive demand. However, the Graham Number is $58.78, leaving a negative 52.82% margin of safety; the price is well above that conservative yardstick. The TTM FCF yield of 122% and EV/EBITDA of 1.70 look extraordinarily cheap, but they conflict with the P/B of 8.03 and Altman Z-Score of 0.73, which points to possible financial risk or data distortion. Piotroski F-Score of 6/9 is acceptable. FairStock cannot assign a Lynch category because only 0 years of filed results exist versus 3 needed. Overall, a good operating business, but not a clear bargain by conservative value standards.

In plain English: Grupo Aeroportuario del Centro Norte runs 13 airports in Mexico and makes money from flights, shops, parking and other airport services. The business looks quite profitable, with a strong quarterly profit margin and a solid dividend, but it carries meaningful debt and the shares trade above a conservative value estimate. Based on the numbers provided, the price looks roughly fair to somewhat expensive rather than a bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer