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Grupo Aeroportuario del Centro Norte SAB de CV (OMAB)

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Upturn Advisory Summary
12/05/2025: OMAB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $111.62
1 Year Target Price $111.62
| 2 | Strong Buy |
| 2 | Buy |
| 4 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -27.28% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.91B USD | Price to earnings Ratio 16.88 | 1Y Target Price 111.62 |
Price to earnings Ratio 16.88 | 1Y Target Price 111.62 | ||
Volume (30-day avg) 9 | Beta 0.64 | 52 Weeks Range 60.84 - 108.75 | Updated Date 12/6/2025 |
52 Weeks Range 60.84 - 108.75 | Updated Date 12/6/2025 | ||
Dividends yield (FY) 4.82% | Basic EPS (TTM) 6.03 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 33.27% | Operating Margin (TTM) 61.17% |
Management Effectiveness
Return on Assets (TTM) 19.09% | Return on Equity (TTM) 54.33% |
Valuation
Trailing PE 16.88 | Forward PE 13.44 | Enterprise Value 5464210254 | Price to Sales(TTM) 0.31 |
Enterprise Value 5464210254 | Price to Sales(TTM) 0.31 | ||
Enterprise Value to Revenue 6.26 | Enterprise Value to EBITDA 9.97 | Shares Outstanding 42050428 | Shares Floating 270357214 |
Shares Outstanding 42050428 | Shares Floating 270357214 | ||
Percent Insiders - | Percent Institutions 11.8 |
Upturn AI SWOT
Grupo Aeroportuario del Centro Norte SAB de CV

Company Overview
History and Background
Grupo Aeroportuario del Centro Norte SAB de CV (OMA) was established in 2001 as part of Mexico's privatization program of airport infrastructure. It was awarded concessions to operate and develop 13 airports in the central and northern regions of Mexico. Significant milestones include its IPO on NASDAQ and Mexican Stock Exchange in 2006, and continued expansion and modernization of its airport facilities.
Core Business Areas
- Airport Operations and Services: OMA's primary business involves the operation, maintenance, and development of its 13 airports. This includes managing airside and landside operations, providing passenger services, and overseeing infrastructure development and upgrades.
- Aeronautical Services: Revenue generated from aircraft landing, takeoff, parking fees, and passenger charges.
- Non-Aeronautical Services: Revenue derived from commercial activities such as retail, food and beverage concessions, car rentals, advertising, and hotel operations within the airport terminals.
Leadership and Structure
OMA is a publicly traded company with a Board of Directors overseeing its strategic direction. The executive management team is responsible for the day-to-day operations of the company and its portfolio of airports.
Top Products and Market Share
Key Offerings
- Airport Infrastructure and Services: OMA provides comprehensive airport services, including passenger terminals, runways, air traffic control integration, and related infrastructure. Market share is difficult to quantify precisely as it operates specific geographic regions in Mexico, but it is one of the three major airport groups in Mexico. Competitors include other Mexican airport groups like GAP (Grupo Aeroportuario del Pacu00edfico) and ASUR (Grupo Aeroportuario del Sureste).
- Commercial Concessions (Retail, Food & Beverage): OMA leases space within its terminals to third-party operators for retail stores, restaurants, and other commercial services. This segment is crucial for non-aeronautical revenue. Competitors are national and international retail and F&B brands that operate in any airport environment, not specific to OMA's direct airport competitors.
- Car Parking and Rental Services: Provides parking facilities for passengers and tenants, as well as facilitating car rental services through partnerships.
Market Dynamics
Industry Overview
The airport industry, particularly in emerging markets like Mexico, is heavily influenced by air travel demand, economic growth, tourism trends, and government regulations. The sector has seen a recovery post-pandemic, with increasing passenger traffic driving growth in both aeronautical and non-aeronautical revenues. The industry is capital-intensive, requiring significant ongoing investment in infrastructure and technology.
Positioning
OMA is a leading airport operator in a strategically important region of Mexico, serving a diverse mix of business and leisure travelers. Its competitive advantages include its established concessions, diversified revenue streams, and a strong focus on operational efficiency and passenger experience. The company's position is solidified by its significant presence in key industrial and tourist hubs.
Total Addressable Market (TAM)
The TAM for airport services in Mexico is substantial, driven by a growing population, increasing middle class, and a thriving tourism industry. OMA, along with its domestic peers, holds a significant portion of the market within their respective concessioned regions. OMA's position is strong within its operational territories, benefiting from limited direct competition for its core airport infrastructure services.
Upturn SWOT Analysis
Strengths
- Strong portfolio of 13 strategically located airports.
- Diversified revenue streams from aeronautical and non-aeronautical services.
- Experience in airport development and management.
- Established relationships with airlines and concessionaires.
- Growing passenger traffic in its operational regions.
Weaknesses
- Reliance on air travel demand, which can be cyclical.
- Vulnerability to economic downturns and geopolitical events.
- Ongoing need for significant capital investment in infrastructure.
- Regulatory risks associated with concessions.
Opportunities
- Expansion of non-aeronautical services to boost revenue.
- Development of new routes and airline partnerships.
- Increased tourism and business travel to Mexico.
- Leveraging technology to enhance passenger experience and operational efficiency.
- Potential for further airport infrastructure development and upgrades.
Threats
- Intensifying competition from other airport operators or new entrants.
- Fluctuations in fuel prices impacting airline costs and travel demand.
- Global health crises or pandemics affecting travel.
- Changes in government regulations or policies.
- Environmental concerns and sustainability pressures.
Competitors and Market Share
Key Competitors
- Grupo Aeroportuario del Pacu00edfico SAB de CV (PAC - NYSE)
- Grupo Aeroportuario del Sureste SAB de CV (ASUR - NYSE)
Competitive Landscape
OMA's competitive advantages lie in its focused regional presence and diversified revenue streams. Its main competitors, PAC and ASUR, also operate extensive networks of airports in Mexico, with ASUR generally holding the largest market share due to its strong presence in tourist destinations. OMA differentiates itself through its operational efficiency and strategic development within its concessioned territories.
Growth Trajectory and Initiatives
Historical Growth: OMA has exhibited steady historical growth driven by increasing passenger traffic across its network and strategic development of commercial offerings. Its growth has been further supported by consistent investment in upgrading and expanding its airport facilities to accommodate rising demand.
Future Projections: Future growth for OMA is projected to be driven by continued recovery and expansion of air travel in Mexico, particularly in its key regional markets. Analysts typically forecast positive revenue and earnings growth, supported by ongoing infrastructure improvements and the potential for new air routes. Specific analyst projections would require access to current financial reports and analyst consensus.
Recent Initiatives: Recent initiatives by OMA likely focus on enhancing passenger experience through technology adoption, optimizing commercial revenue streams, and investing in sustainable airport operations. This could include digital transformation projects, expansion of retail and dining options, and environmental initiatives.
Summary
Grupo Aeroportuario del Centro Norte (OMA) is a well-established Mexican airport operator with a diversified revenue base. Its strengths lie in its strategically located airports and operational expertise. The company faces threats from the cyclical nature of air travel and the need for continuous investment. Continued focus on passenger experience and non-aeronautical revenue growth will be key to its sustained success.
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Sources and Disclaimers
Data Sources:
- Company investor relations website
- Financial news and data providers (e.g., Bloomberg, Refinitiv)
- Industry analysis reports
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Data accuracy is subject to the availability and timeliness of the sources. Market share percentages are estimations and may vary based on the reporting period and methodology.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Grupo Aeroportuario del Centro Norte SAB de CV
Exchange NASDAQ | Headquaters Mexico City, DF, Mexico | ||
IPO Launch date 2006-11-29 | CEO - | ||
Sector Industrials | Industry Airports & Air Services | Full time employees 1171 | Website https://www.oma.aero |
Full time employees 1171 | Website https://www.oma.aero | ||
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. The company operates 13 international airports in Acapulco, Mazatlán, and Zihuatanejo; Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas; and Ciudad Juárez and Reynosa cities. It is also involved in leasing of space to restaurants and retailers. In addition, the company 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, it 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, the company 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 headquartered in Mexico City, Mexico.

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