Grupo Aeroportuario del Centro Norte, S.A.B. de C.V Key Executives
This section highlights Grupo Aeroportuario del Centro Norte, S.A.B. de C.V's key executives, including their titles and compensation details.
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Grupo Aeroportuario del Centro Norte, S.A.B. de C.V Earnings
This section highlights Grupo Aeroportuario del Centro Norte, S.A.B. de C.V's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-25 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-29 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-04-25 | $1.19 | $1.24 |
| Read Transcript | Q4 | 2023 | 2024-02-23 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-30 | N/A | N/A |
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 Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.
$79.47
Stock Price
$3.98B
Market Cap
1.27K
Employees
Mexico City, DF
Location
Financial Statements
Access annual & quarterly financial statements for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $15.07B | $14.46B | $11.93B | $8.72B | $5.37B |
| Cost of Revenue | $5.23B | $4.95B | $4.60B | $3.57B | $2.85B |
| Gross Profit | $9.84B | $9.51B | $7.34B | $5.15B | $2.52B |
| Gross Profit Ratio | 65.30% | 65.80% | 61.49% | 59.00% | 46.95% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.01B | $661.45M | $667.60M | $586.54M | $518.06M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.01B | $661.45M | $667.60M | $586.54M | $518.06M |
| Other Expenses | $747.45M | $782.03M | $606.38M | $453.46M | $280.37M |
| Operating Expenses | $1.76B | $1.44B | $1.27B | $1.04B | $798.42M |
| Cost and Expenses | $6.99B | $6.39B | $5.87B | $4.61B | $3.65B |
| Interest Income | $- | $297.91M | $171.31M | $129.48M | $111.89M |
| Interest Expense | $- | $1.27B | $934.10M | $516.68M | $420.50M |
| Depreciation and Amortization | $756.98M | $641.34M | $551.20M | $487.23M | $435.34M |
| EBITDA | $8.84B | $8.97B | $6.78B | $4.84B | $2.35B |
| EBITDA Ratio | 58.65% | 62.05% | 56.87% | 54.21% | 42.27% |
| Operating Income | $8.08B | $8.07B | $6.06B | $4.11B | $1.72B |
| Operating Income Ratio | 53.63% | 55.80% | 50.81% | 47.14% | 32.07% |
| Total Other Income Expenses Net | $-1.01B | $-1.01B | $-771.66M | $-274.58M | $-229.09M |
| Income Before Tax | $7.07B | $7.06B | $5.29B | $3.84B | $1.49B |
| Income Before Tax Ratio | 46.90% | 48.83% | 44.35% | 43.99% | 27.80% |
| Income Tax Expense | $2.13B | $2.04B | $1.38B | $972.18M | $394.50M |
| Net Income | $4.93B | $5.01B | $3.90B | $2.86B | $1.09B |
| Net Income Ratio | 32.70% | 34.67% | 32.69% | 32.77% | 20.39% |
| EPS | $12.76 | $12.98 | $10.10 | $7.35 | $2.80 |
| EPS Diluted | $12.76 | $12.98 | $10.10 | $7.35 | $2.80 |
| Weighted Average Shares Outstanding | 386.17M | 386.17M | 386.17M | 388.63M | 390.31M |
| Weighted Average Shares Outstanding Diluted | 386.17M | 386.17M | 386.17M | 388.63M | 390.31M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.12B | $3.70B | $3.50B | $3.76B | $3.71B | $3.91B | $3.62B | $3.22B | $3.67B | $2.92B | $2.21B | $2.68B | $2.38B | $2.18B | $1.48B | $1.62B | $1.21B | $634.94M | $1.90B | $2.26B |
| Cost of Revenue | $706.17M | $1.03B | $1.08B | $1.52B | $1.34B | $1.26B | $1.21B | $1.14B | $1.56B | $1.21B | $749.11M | $1.12B | $906.46M | $882.28M | $660.68M | $887.65M | $769.84M | $624.36M | $565.86M | $916.80M |
| Gross Profit | $3.41B | $2.68B | $2.42B | $2.23B | $2.37B | $2.65B | $2.42B | $2.08B | $2.11B | $1.70B | $1.46B | $1.56B | $1.47B | $1.30B | $821.91M | $734.92M | $443.62M | $10.58M | $1.33B | $1.35B |
| Gross Profit Ratio | 82.84% | 72.30% | 69.10% | 59.50% | 63.80% | 67.70% | 66.70% | 64.70% | 57.40% | 58.40% | 66.00% | 58.20% | 61.90% | 59.50% | 55.40% | 45.29% | 36.56% | 1.67% | 70.16% | 59.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $458.92M | $183.61M | $196.10M | $173.28M | $183.40M | $154.81M | $162.43M | $160.81M | $187.04M | $151.15M | $138.96M | $150.46M | $155.29M | $147.64M | $133.15M | $129.05M | $127.23M | $132.02M | $129.76M | $145.73M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $458.92M | $183.61M | $196.10M | $173.28M | $183.40M | $154.81M | $162.43M | $160.81M | $187.04M | $151.15M | $138.96M | $150.46M | $155.29M | $147.64M | $133.15M | $129.05M | $127.23M | $132.02M | $129.76M | $145.73M |
| Other Expenses | $756.58M | $324.82M | $295.01M | $- | $194.10M | $218.37M | $- | $170.75M | $169.33M | $149.71M | $121.68M | $133.05M | $128.60M | $114.01M | $77.14M | $73.69M | $61.21M | $28.47M | $116.87M | $36.08M |
| Operating Expenses | $1.22B | $508.43M | $491.11M | $440.29M | $377.50M | $373.18M | $361.76M | $331.56M | $356.36M | $300.87M | $260.64M | $283.50M | $283.90M | $261.64M | $210.29M | $202.74M | $188.44M | $160.49M | $246.63M | $181.80M |
| Cost and Expenses | $1.92B | $1.53B | $1.57B | $1.96B | $1.72B | $1.63B | $1.57B | $1.47B | $1.92B | $1.52B | $1.01B | $1.40B | $1.19B | $1.14B | $870.97M | $1.09B | $958.28M | $784.85M | $812.49M | $1.10B |
| Interest Income | $- | $46.83M | $62.50M | $88.63M | $65.92M | $66.30M | $78.66M | $87.03M | $55.53M | $40.85M | $37.09M | $49.53M | $32.84M | $27.33M | $19.77M | $18.18M | $16.21M | $26.83M | $50.67M | $41.47M |
| Interest Expense | $- | $339.81M | $231.72M | $346.20M | $277.75M | $341.81M | $348.27M | $301.61M | $256.52M | $234.42M | $189.24M | $142.78M | $129.58M | $133.82M | $110.49M | $104.73M | $105.28M | $104.41M | $106.08M | $95.72M |
| Depreciation and Amortization | $201.06M | $190.96M | $186.07M | $178.90M | $171.55M | $165.38M | $152.13M | $152.29M | $147.92M | $132.84M | $130.61M | $127.70M | $121.45M | $120.00M | $118.08M | $112.48M | $108.39M | $106.89M | $107.58M | $104.02M |
| EBITDA | $2.39B | $2.43B | $2.21B | $2.04B | $2.21B | $2.51B | $2.27B | $1.98B | $1.95B | $1.59B | $1.35B | $1.52B | $1.40B | $1.18B | $806.46M | $662.84M | $379.79M | $-28.75M | $1.59B | $1.25B |
| EBITDA Ratio | 58.19% | 65.54% | 62.20% | 54.87% | 59.69% | 64.17% | 63.07% | 61.86% | 53.26% | 54.01% | 61.83% | 54.21% | 56.41% | 54.30% | 50.55% | 40.85% | 31.30% | -2.55% | 65.50% | 53.29% |
| Operating Income | $2.19B | $2.17B | $1.53B | $1.79B | $1.99B | $2.27B | $2.05B | $1.75B | $1.75B | $1.40B | $1.23B | $1.28B | $1.19B | $1.04B | $611.62M | $532.19M | $255.18M | $-149.91M | $1.08B | $1.16B |
| Operating Income Ratio | 53.30% | 58.56% | 43.67% | 47.75% | 53.63% | 58.16% | 56.70% | 54.43% | 47.71% | 48.05% | 55.91% | 47.59% | 49.92% | 47.55% | 41.25% | 32.80% | 21.03% | -23.61% | 57.16% | 51.46% |
| Total Other Income Expenses Net | $-332.02M | $-272.16M | $266.34M | $-276.13M | $-224.25M | $-272.05M | $-282.27M | $-228.58M | $-204.65M | $-183.50M | $-164.78M | $-29.64M | $-41.91M | $-169.31M | $-33.72M | $-269.55M | $-157.91M | $-90.14M | $288.51M | $-117.80M |
| Income Before Tax | $1.86B | $1.90B | $1.79B | $1.52B | $1.76B | $2.00B | $1.77B | $1.52B | $1.54B | $1.22B | $1.03B | $1.25B | $1.14B | $867.55M | $577.90M | $262.64M | $97.28M | $-240.05M | $1.37B | $1.05B |
| Income Before Tax Ratio | 45.23% | 51.21% | 51.28% | 40.40% | 47.58% | 51.19% | 48.91% | 47.33% | 42.13% | 41.76% | 46.76% | 46.49% | 48.16% | 39.78% | 38.98% | 16.19% | 8.02% | -37.81% | 72.37% | 46.26% |
| Income Tax Expense | $680.70M | $511.58M | $503.05M | $437.69M | $510.23M | $585.96M | $499.04M | $444.21M | $409.24M | $290.20M | $279.11M | $230.21M | $332.81M | $247.69M | $161.47M | $23.35M | $27.89M | $-58.79M | $402.05M | $285.79M |
| Net Income | $1.19B | $1.38B | $1.29B | $1.08B | $1.25B | $1.41B | $1.27B | $1.08B | $1.13B | $924.51M | $748.14M | $1.01B | $809.33M | $619.93M | $415.01M | $239.06M | $70.05M | $-181.26M | $965.50M | $758.05M |
| Net Income Ratio | 28.85% | 37.20% | 36.78% | 28.68% | 33.74% | 36.08% | 35.11% | 33.51% | 30.83% | 31.69% | 33.91% | 37.80% | 34.05% | 28.43% | 27.99% | 14.73% | 5.77% | -28.55% | 50.91% | 33.50% |
| EPS | $3.07 | $3.57 | $3.33 | $2.79 | $3.24 | $3.65 | $3.29 | $2.79 | $2.93 | $2.39 | $1.94 | $2.62 | $2.08 | $1.59 | $1.06 | $0.61 | $0.18 | $-0.46 | $2.47 | $1.94 |
| EPS Diluted | $3.07 | $3.57 | $3.33 | $2.79 | $3.24 | $3.65 | $3.29 | $2.79 | $2.93 | $2.39 | $1.94 | $2.62 | $2.08 | $1.59 | $1.06 | $0.61 | $0.18 | $-0.46 | $2.47 | $1.94 |
| Weighted Average Shares Outstanding | 386.30M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 388.19M | 390.11M | 390.11M | 390.11M | 390.11M | 390.11M | 390.93M | 391.49M |
| Weighted Average Shares Outstanding Diluted | 386.30M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 386.17M | 388.19M | 390.11M | 390.11M | 390.11M | 390.11M | 390.11M | 390.93M | 391.49M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.66B | $2.58B | $3.34B | $5.99B | $2.96B |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.66B | $2.58B | $3.34B | $5.99B | $2.96B |
| Net Receivables | $1.87B | $1.68B | $1.53B | $1.36B | $1.38B |
| Inventory | $- | $- | $672.59M | $162.16M | $115.23M |
| Other Current Assets | $769.92M | $647.92M | $731.83M | $428.00M | $396.02M |
| Total Current Assets | $4.29B | $4.91B | $5.59B | $7.78B | $4.68B |
| Property Plant Equipment Net | $3.24B | $3.00B | $2.73B | $2.92B | $2.88B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $18.72B | $16.42B | $13.94B | $11.68B | $10.23B |
| Goodwill and Intangible Assets | $18.72B | $16.42B | $13.94B | $11.68B | $10.23B |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $- | $867.42M | $756.91M | $464.40M | $317.76M |
| Other Non-Current Assets | $985.88M | $38.82M | $48.13M | $46.20M | $34.62M |
| Total Non-Current Assets | $22.94B | $20.33B | $17.48B | $15.11B | $13.46B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $27.23B | $25.24B | $23.07B | $22.89B | $18.14B |
| Account Payables | $960.45M | $286.26M | $223.15M | $123.33M | $107.51M |
| Short Term Debt | $619.02M | $44.93M | $2.73B | $2.73B | $3.04B |
| Tax Payables | $- | $410.77M | $957.61M | $997.85M | $370.19M |
| Deferred Revenue | $- | $32.89M | $46.38M | $58.51M | $91.84M |
| Other Current Liabilities | $1.69B | $1.70B | $1.30B | $993.40M | $559.46M |
| Total Current Liabilities | $3.27B | $2.47B | $5.26B | $4.90B | $4.17B |
| Long Term Debt | $10.84B | $10.83B | $7.66B | $5.19B | $1.67B |
| Deferred Revenue Non-Current | $- | $- | $1.16B | $1.18B | $990.11M |
| Deferred Tax Liabilities Non-Current | $- | $57.72M | $56.67M | $36.19M | $133.83M |
| Other Non-Current Liabilities | $2.58B | $2.04B | $377.58M | $342.12M | $351.56M |
| Total Non-Current Liabilities | $13.42B | $12.93B | $9.26B | $6.75B | $3.14B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $16.69B | $15.40B | $14.52B | $11.65B | $7.31B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $297.78M | $297.78M | $297.78M | $297.78M | $300.82M |
| Retained Earnings | $10.05B | $7.83B | $6.53B | $9.70B | $8.82B |
| Accumulated Other Comprehensive Income Loss | $7.02M | $1.51B | $1.51B | $1.03B | $1.50B |
| Other Total Stockholders Equity | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M |
| Total Stockholders Equity | $10.38B | $9.67B | $8.37B | $11.06B | $10.65B |
| Total Equity | $10.54B | $9.84B | $8.55B | $11.24B | $10.83B |
| Total Liabilities and Stockholders Equity | $27.23B | $25.24B | $23.07B | $22.89B | $18.14B |
| Minority Interest | $159.46M | $168.04M | $185.41M | $182.27M | $175.91M |
| Total Liabilities and Total Equity | $27.23B | $25.24B | $23.07B | $22.89B | $18.14B |
| Total Investments | $- | $- | $- | $- | $- |
| Total Debt | $11.46B | $10.88B | $10.39B | $7.92B | $4.71B |
| Net Debt | $9.80B | $8.30B | $7.06B | $1.93B | $1.75B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.66B | $2.40B | $1.61B | $3.44B | $2.58B | $2.22B | $2.01B | $2.83B | $3.34B | $1.76B | $3.26B | $5.99B | $4.68B | $4.19B | $3.16B | $2.96B | $3.02B | $3.15B | $4.17B | $3.43B |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.66B | $2.40B | $1.61B | $3.44B | $2.58B | $2.22B | $2.01B | $2.83B | $3.34B | $1.76B | $3.26B | $5.99B | $4.68B | $4.19B | $3.16B | $2.96B | $3.02B | $3.15B | $4.17B | $3.43B |
| Net Receivables | $1.87B | $2.04B | $2.04B | $1.71B | $1.68B | $1.51B | $1.46B | $1.66B | $1.53B | $1.87B | $1.47B | $1.36B | $1.50B | $1.61B | $1.67B | $1.38B | $1.60B | $1.60B | $1.29B | $1.05B |
| Inventory | $- | $- | $345.99M | $380.29M | $644.27M | $- | $- | $746.09M | $672.59M | $158.07M | $194.65M | $162.16M | $147.80M | $145.42M | $124.60M | $115.23M | $143.77M | $135.47M | $154.31M | $- |
| Other Current Assets | $769.92M | $466.19M | $417.68M | $437.24M | $647.92M | $985.23M | $924.76M | $791.63M | $49.64M | $199.47M | $249.56M | $428.00M | $199.95M | $222.11M | $186.94M | $396.02M | $223.78M | $243.92M | $209.17M | $327.51M |
| Total Current Assets | $4.29B | $4.90B | $4.07B | $5.58B | $4.91B | $4.71B | $4.39B | $5.28B | $5.59B | $3.83B | $4.98B | $7.78B | $6.38B | $6.03B | $5.02B | $4.68B | $4.84B | $4.99B | $5.66B | $4.81B |
| Property Plant Equipment Net | $3.24B | $3.22B | $3.14B | $2.96B | $3.00B | $2.90B | $2.79B | $2.75B | $2.73B | $2.94B | $2.93B | $2.92B | $2.91B | $2.91B | $2.88B | $2.88B | $2.88B | $2.87B | $2.84B | $2.86B |
| Goodwill | $- | $- | $- | $- | $- | $15.67M | $16.37M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $18.72B | $18.05B | $17.72B | $17.30B | $16.42B | $15.69B | $15.09B | $14.49B | $13.94B | $12.39B | $11.92B | $11.68B | $11.12B | $10.79B | $10.44B | $10.23B | $9.91B | $9.59B | $9.38B | $9.27B |
| Goodwill and Intangible Assets | $18.72B | $18.05B | $17.72B | $17.30B | $16.42B | $15.70B | $15.11B | $14.49B | $13.94B | $12.39B | $11.92B | $11.68B | $11.12B | $10.79B | $10.44B | $10.23B | $9.91B | $9.59B | $9.38B | $9.27B |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $945.10M | $913.87M | $916.30M | $867.42M | $- | $- | $779.65M | $756.91M | $675.50M | $540.53M | $464.40M | $360.51M | $334.68M | $332.01M | $317.76M | $312.74M | $287.96M | $281.21M | $297.00M |
| Other Non-Current Assets | $985.88M | $65.66M | $72.26M | $71.40M | $38.82M | $817.25M | $827.06M | $44.57M | $48.13M | $47.29M | $51.13M | $46.20M | $49.01M | $32.21M | $33.43M | $34.62M | $36.06M | $37.97M | $39.93M | $44.05M |
| Total Non-Current Assets | $22.94B | $22.28B | $21.84B | $21.25B | $20.33B | $19.42B | $18.72B | $18.07B | $17.48B | $16.05B | $15.45B | $15.11B | $14.44B | $14.07B | $13.69B | $13.46B | $13.14B | $12.79B | $12.54B | $12.47B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $27.23B | $27.18B | $25.91B | $26.84B | $25.24B | $24.13B | $23.11B | $23.35B | $23.07B | $19.88B | $20.43B | $22.89B | $20.82B | $20.10B | $18.71B | $18.14B | $17.98B | $17.78B | $18.20B | $17.28B |
| Account Payables | $960.45M | $2.44B | $2.57B | $808.66M | $286.26M | $563.94M | $599.20M | $392.76M | $332.29M | $729.89M | $233.82M | $123.33M | $199.86M | $190.93M | $236.79M | $107.51M | $141.26M | $177.35M | $199.19M | $140.81M |
| Short Term Debt | $619.02M | $26.00M | $32.13M | $38.13M | $44.93M | $37.84M | $32.18M | $30.89M | $2.73B | $1.53B | $1.53B | $2.73B | $26.69M | $23.49M | $3.02B | $3.04B | $3.06B | $3.10B | $117.92M | $109.17M |
| Tax Payables | $- | $892.55M | $1.02B | $919.29M | $410.77M | $- | $- | $927.09M | $957.61M | $736.35M | $672.86M | $997.85M | $749.88M | $529.05M | $379.63M | $370.19M | $404.04M | $299.73M | $580.01M | $590.26M |
| Deferred Revenue | $- | $- | $- | $- | $32.89M | $- | $- | $- | $- | $- | $- | $58.51M | $- | $- | $- | $91.84M | $- | $- | $- | $43.10M |
| Other Current Liabilities | $1.69B | $1.17B | $1.13B | $1.24B | $1.70B | $1.92B | $2.41B | $1.29B | $1.24B | $1.26B | $1.05B | $993.40M | $908.36M | $775.29M | $682.69M | $559.46M | $1.01B | $774.26M | $586.02M | $351.95M |
| Total Current Liabilities | $3.27B | $4.53B | $4.75B | $3.00B | $2.47B | $2.53B | $3.04B | $2.64B | $5.26B | $4.25B | $3.49B | $4.90B | $1.88B | $1.52B | $4.32B | $4.17B | $4.61B | $4.36B | $1.48B | $1.24B |
| Long Term Debt | $10.84B | $10.84B | $10.83B | $10.83B | $10.83B | $10.84B | $10.84B | $10.84B | $7.66B | $7.67B | $7.68B | $5.19B | $5.18B | $5.17B | $1.67B | $1.67B | $1.66B | $1.63B | $4.64B | $4.66B |
| Deferred Revenue Non-Current | $- | $- | $1.86B | $1.63B | $153.92M | $- | $- | $1.23B | $1.16B | $1.24B | $1.19B | $1.18B | $1.14B | $1.31B | $1.03B | $990.11M | $551.31M | $697.83M | $813.47M | $908.50M |
| Deferred Tax Liabilities Non-Current | $- | $41.68M | $49.99M | $47.35M | $57.72M | $- | $- | $57.88M | $56.67M | $49.83M | $64.73M | $36.19M | $84.25M | $114.55M | $121.80M | $133.83M | $181.29M | $192.57M | $182.99M | $202.72M |
| Other Non-Current Liabilities | $2.58B | $2.40B | $413.32M | $407.92M | $2.04B | $2.18B | $2.06B | $378.63M | $377.58M | $363.69M | $346.04M | $342.12M | $337.78M | $123.98M | $327.78M | $351.56M | $375.94M | $379.82M | $367.78M | $387.66M |
| Total Non-Current Liabilities | $13.42B | $13.28B | $13.15B | $12.92B | $12.93B | $13.02B | $12.90B | $12.51B | $9.26B | $9.32B | $9.28B | $6.75B | $6.74B | $6.71B | $3.15B | $3.14B | $2.77B | $2.90B | $6.01B | $6.15B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $16.69B | $17.81B | $17.91B | $15.92B | $15.40B | $15.55B | $15.94B | $15.15B | $14.52B | $13.57B | $12.76B | $11.65B | $8.63B | $8.23B | $7.47B | $7.31B | $7.38B | $7.25B | $7.49B | $7.39B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $297.78M | $300.82M | $300.82M | $300.82M | $300.82M | $300.82M | $300.82M | $301.74M |
| Retained Earnings | $10.05B | $7.36B | $5.99B | $8.91B | $7.83B | $8.08B | $6.67B | $6.17B | $6.53B | $4.30B | $6.12B | $9.70B | $10.67B | $1.50B | $9.24B | $8.82B | $8.59B | $8.91B | $9.09B | $8.12B |
| Accumulated Other Comprehensive Income Loss | $7.02M | $1.51B | $1.51B | $1.51B | $1.51B | $12.94M | $12.94M | $1.51B | $1.51B | $1.50B | $1.03B | $1.03B | $1.02B | $9.85B | $1.50B | $1.50B | $1.50B | $1.11B | $1.11B | $1.26B |
| Other Total Stockholders Equity | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M | $29.79M |
| Total Stockholders Equity | $10.38B | $9.20B | $7.83B | $10.75B | $9.67B | $8.42B | $7.01B | $8.01B | $8.37B | $6.13B | $7.48B | $11.06B | $12.02B | $11.69B | $11.07B | $10.65B | $10.42B | $10.35B | $10.53B | $9.72B |
| Total Equity | $10.54B | $9.37B | $8.00B | $10.92B | $9.84B | $8.58B | $7.18B | $8.20B | $8.55B | $6.30B | $7.66B | $11.24B | $12.20B | $11.86B | $11.24B | $10.83B | $10.60B | $10.53B | $10.71B | $9.89B |
| Total Liabilities and Stockholders Equity | $27.23B | $27.18B | $25.91B | $26.84B | $25.24B | $24.13B | $23.11B | $23.35B | $23.07B | $19.88B | $20.43B | $22.89B | $20.82B | $20.10B | $18.71B | $18.14B | $17.98B | $17.78B | $18.20B | $17.28B |
| Minority Interest | $159.46M | $169.47M | $174.76M | $170.41M | $168.04M | $164.84M | $167.80M | $186.07M | $185.41M | $177.30M | $186.73M | $182.27M | $179.72M | $177.26M | $177.33M | $175.91M | $175.67M | $176.33M | $177.35M | $172.38M |
| Total Liabilities and Total Equity | $27.23B | $27.18B | $25.91B | $26.84B | $25.24B | $24.13B | $23.11B | $23.35B | $23.07B | $19.88B | $20.43B | $22.89B | $20.82B | $20.10B | $18.71B | $18.14B | $17.98B | $17.78B | $18.20B | $17.28B |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $11.46B | $10.86B | $10.86B | $10.87B | $10.68B | $10.87B | $10.87B | $10.87B | $10.39B | $9.20B | $9.21B | $7.92B | $5.21B | $5.19B | $4.69B | $4.71B | $4.72B | $4.73B | $4.76B | $4.76B |
| Net Debt | $9.80B | $8.46B | $9.25B | $7.43B | $8.10B | $8.65B | $8.86B | $8.04B | $7.06B | $7.45B | $5.95B | $1.93B | $523.93M | $1.00B | $1.53B | $1.75B | $1.70B | $1.58B | $595.05M | $1.33B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $4.93B | $7.06B | $5.29B | $3.84B | $1.49B |
| Depreciation and Amortization | $756.98M | $641.34M | $551.20M | $487.23M | $435.34M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $-744.08M | $-284.93M | $16.16M | $4.33M | $-413.92M |
| Accounts Receivables | $-565.19M | $-38.06M | $-185.15M | $-252.67M | $-37.93M |
| Inventory | $- | $- | $78.21M | $394.64M | $-214.70M |
| Accounts Payables | $- | $-72.92M | $323.68M | $65.41M | $-120.86M |
| Other Working Capital | $-178.90M | $-173.95M | $-200.58M | $-203.04M | $-40.42M |
| Other Non Cash Items | $1.25B | $-1.08B | $-874.85M | $119.47M | $-210.33M |
| Net Cash Provided by Operating Activities | $6.20B | $6.33B | $4.99B | $4.45B | $1.30B |
| Investments in Property Plant and Equipment | $-321.34M | $-403.99M | $-2.91B | $-1.93B | $-1.44B |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-2.19B | $-2.39B | $150.73M | $131.00M | $117.20M |
| Net Cash Used for Investing Activities | $-2.51B | $-2.79B | $-2.75B | $-1.79B | $-1.32B |
| Debt Repayment | $536.97M | $2.04B | $2.49B | $6.12B | $-58.02M |
| Common Stock Issued | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $-474.85M | $-150.00M |
| Dividends Paid | $-4.21B | $-3.74B | $-6.62B | $-1.98B | $- |
| Other Financing Activities | $-993.94M | $-2.60B | $-745.99M | $-3.38B | $-320.87M |
| Net Cash Used Provided by Financing Activities | $-4.66B | $-4.30B | $-4.88B | $292.27M | $-528.89M |
| Effect of Forex Changes on Cash | $57.32M | $-797.00K | $-5.55M | $84.14M | $78.77M |
| Net Change in Cash | $-919.89M | $-760.16M | $-2.65B | $3.03B | $-471.07M |
| Cash at End of Period | $1.66B | $2.58B | $3.34B | $5.99B | $2.96B |
| Cash at Beginning of Period | $2.58B | $3.34B | $5.99B | $2.96B | $3.43B |
| Operating Cash Flow | $6.20B | $6.33B | $4.99B | $4.45B | $1.30B |
| Capital Expenditure | $-321.34M | $-403.99M | $-2.91B | $-1.93B | $-1.44B |
| Free Cash Flow | $5.88B | $5.93B | $2.08B | $2.52B | $-138.16M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.19B | $1.90B | $1.79B | $1.52B | $1.76B | $2.00B | $1.77B | $1.52B | $1.54B | $1.22B | $1.03B | $1.25B | $1.14B | $867.55M | $577.90M | $262.64M | $97.28M | $-240.05M | $1.37B | $1.05B |
| Depreciation and Amortization | $201.06M | $190.96M | $186.07M | $178.90M | $171.55M | $165.38M | $152.13M | $152.29M | $147.92M | $132.84M | $130.61M | $127.70M | $121.45M | $120.00M | $118.08M | $112.48M | $108.39M | $106.89M | $107.58M | $104.02M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-320.42M |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-162.06M | $-159.12M | $-598.31M | $180.05M | $83.11M | $-407.13M | $323.35M | $-284.26M | $9.93M | $-172.75M | $57.51M | $-122.72M | $123.58M | $-107.89M | $111.36M | $-102.71M | $-26.57M | $-184.10M | $-100.54M | $-279.20M |
| Accounts Receivables | $-132.36M | $-157.35M | $-386.80M | $48.88M | $444.09M | $-428.55M | $-48.72M | $-94.60M | $-67.14M | $-290.58M | $106.30M | $-80.49M | $3.05M | $-201.52M | $26.30M | $92.03M | $-86.91M | $-44.17M | $1.11M | $-1.78M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-179.94M | $93.52M | $-162.17M | $-116.36M | $-95.85M |
| Accounts Payables | $- | $179.12M | $-317.61M | $-65.42M | $-96.55M | $50.05M | $-7.47M | $-18.95M | $314.46M | $29.01M | $-20.16M | $7.17M | $76.35M | $-56.88M | $38.77M | $-138.18M | $-21.18M | $7.47M | $31.04M | $49.76M |
| Other Working Capital | $-29.69M | $-180.89M | $85.60M | $- | $-264.43M | $-28.63M | $- | $-170.71M | $-237.40M | $88.82M | $-28.64M | $-49.40M | $44.19M | $150.51M | $46.29M | $123.39M | $-12.01M | $14.77M | $-16.33M | $-231.34M |
| Other Non Cash Items | $644.21M | $-175.18M | $169.23M | $124.01M | $-236.84M | $-259.90M | $101.18M | $-115.46M | $-137.97M | $-102.47M | $-502.46M | $-37.05M | $-10.46M | $238.22M | $-71.24M | $329.41M | $200.94M | $-96.42M | $-644.25M | $233.89M |
| Net Cash Provided by Operating Activities | $1.87B | $1.75B | $1.04B | $1.53B | $1.78B | $1.50B | $1.78B | $1.28B | $1.56B | $1.08B | $717.36M | $1.21B | $1.38B | $1.12B | $736.10M | $601.81M | $380.04M | $-413.69M | $735.32M | $983.99M |
| Investments in Property Plant and Equipment | $-93.56M | $-56.80M | $-133.64M | $-502.49M | $-112.66M | $-547.19M | $-84.47M | $-666.85M | $-1.35B | $-636.00M | $-277.03M | $-608.02M | $-394.23M | $-413.11M | $-510.53M | $-389.69M | $-364.66M | $-518.52M | $-168.76M | $-52.39M |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-752.93M | $-637.34M | $-473.06M | $-11.32M | $-1.04B | $-381.16M | $-547.88M | $87.03M | $48.33M | $40.86M | $27.50M | $50.14M | $33.54M | $27.54M | $19.77M | $23.37M | $16.30M | $38.04M | $39.49M | $-420.85M |
| Net Cash Used for Investing Activities | $-846.49M | $-694.14M | $-544.18M | $-425.04M | $-1.15B | $-505.46M | $-552.74M | $-579.82M | $-1.30B | $-595.14M | $-249.53M | $-557.88M | $-360.69M | $-385.56M | $-490.76M | $-366.32M | $-348.36M | $-480.48M | $-129.27M | $-473.24M |
| Debt Repayment | $-17.75M | $1.00M | $32.83M | $43.39M | $1.51B | $-14.73M | $34.73M | $505.60M | $- | $-13.29M | $1.30B | $5.69B | $-13.36M | $474.69M | $-24.46M | $-23.77M | $-15.86M | $-17.61M | $-769.00K | $-24.97M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-474.85M | $- | $- | $- | $- | $- | $-150.00M | $-33.98M |
| Dividends Paid | $-2.10B | $- | $-2.10B | $- | $- | $-502.15M | $-1.80B | $-1.44B | $- | $-1.80B | $-4.33B | $-1.98B | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $336.41M | $-290.90M | $-280.89M | $-281.06M | $-1.78B | $-281.15M | $-277.82M | $-264.87M | $998.46M | $-184.32M | $-154.25M | $-3.09B | $-90.73M | $-113.25M | $-79.02M | $-79.81M | $-80.15M | $-79.86M | $-81.04M | $-82.17M |
| Net Cash Used Provided by Financing Activities | $-1.78B | $-289.90M | $-2.35B | $-237.67M | $-266.09M | $-798.03M | $-2.04B | $-1.19B | $998.46M | $-1.99B | $-3.18B | $613.25M | $-578.94M | $361.44M | $-103.49M | $-103.59M | $-96.02M | $-97.48M | $-231.81M | $-141.12M |
| Effect of Forex Changes on Cash | $19.61M | $18.86M | $24.80M | $-5.95M | $-6.58M | $19.11M | $-6.08M | $-7.25M | $-1.97M | $8.19M | $-11.46M | $34.32M | $53.64M | $-61.70M | $57.87M | $-194.86M | $-60.00M | $-28.87M | $362.50M | $-60.58M |
| Net Change in Cash | $-741.31M | $787.64M | $-1.83B | $862.44M | $356.43M | $213.74M | $-825.13M | $-505.21M | $1.26B | $-1.50B | $-2.73B | $1.30B | $493.19M | $1.03B | $199.73M | $-62.95M | $-124.33M | $-1.02B | $736.74M | $309.05M |
| Cash at End of Period | $1.66B | $2.40B | $1.61B | $3.44B | $2.58B | $2.22B | $2.01B | $2.83B | $3.34B | $1.76B | $3.26B | $5.99B | $4.68B | $4.19B | $3.16B | $2.96B | $3.02B | $3.15B | $4.17B | $3.43B |
| Cash at Beginning of Period | $2.40B | $1.61B | $3.44B | $2.58B | $2.22B | $2.01B | $2.83B | $3.34B | $2.07B | $3.26B | $5.99B | $4.68B | $4.19B | $3.16B | $2.96B | $3.02B | $3.15B | $4.17B | $3.43B | $3.12B |
| Operating Cash Flow | $1.87B | $1.75B | $1.04B | $1.53B | $1.78B | $1.50B | $1.78B | $1.28B | $1.56B | $1.08B | $717.36M | $1.21B | $1.38B | $1.12B | $736.10M | $601.81M | $380.04M | $-413.69M | $735.32M | $983.99M |
| Capital Expenditure | $-93.56M | $-737.73M | $-133.64M | $-502.49M | $-112.66M | $-547.19M | $-84.47M | $-666.85M | $-1.35B | $-636.00M | $-277.03M | $-608.02M | $-394.23M | $-413.11M | $-510.53M | $-389.69M | $-364.66M | $-518.52M | $-168.76M | $-52.39M |
| Free Cash Flow | $1.78B | $1.02B | $908.66M | $1.03B | $1.67B | $950.93M | $1.69B | $609.63M | $219.09M | $440.12M | $440.33M | $605.66M | $984.95M | $704.77M | $225.57M | $212.12M | $15.38M | $-932.22M | $566.55M | $931.60M |
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V Dividends
Explore Grupo Aeroportuario del Centro Norte, S.A.B. de C.V's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
5.39%
Dividend Payout Ratio
74.58%
Dividend Paid & Capex Coverage Ratio
1.53x
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $2.19047 | $2.19047 | November 19, 2024 | November 19, 2024 | November 27, 2024 | November 07, 2024 |
| $2.59633 | $2.59633 | May 21, 2024 | May 22, 2024 | May 31, 2024 | May 10, 2024 |
| $0.6009 | $0.6009 | September 18, 2023 | September 19, 2023 | September 27, 2023 | September 07, 2023 |
| $2.1262 | $2.1262 | June 20, 2023 | June 21, 2023 | June 29, 2023 | June 08, 2023 |
| $1.61974 | $1.61974 | March 02, 2023 | March 03, 2023 | March 10, 2023 | February 21, 2023 |
| $0.435 | $0.494 | July 21, 2022 | July 22, 2022 | August 01, 2022 | July 12, 2022 |
| $1.628 | $1.8212 | May 20, 2022 | May 23, 2022 | June 01, 2022 | May 11, 2022 |
| $4.3737 | $4.3737 | January 14, 2022 | January 18, 2022 | January 26, 2022 | January 07, 2022 |
| $1.679 | $1.908 | December 10, 2021 | December 13, 2021 | December 21, 2021 | December 02, 2021 |
| $1.686 | $1.6864 | May 17, 2019 | May 20, 2019 | May 24, 2019 | May 07, 2019 |
| $1.633 | $1.633 | May 30, 2018 | May 31, 2018 | June 06, 2018 | May 21, 2018 |
| $1.685 | $1.685 | May 11, 2017 | May 15, 2017 | May 23, 2017 | May 05, 2017 |
| $1.605 | $1.605 | April 26, 2016 | April 28, 2016 | May 06, 2016 | April 15, 2016 |
| $1.557 | $1.5572 | May 26, 2015 | May 28, 2014 | June 05, 2015 | May 14, 2015 |
| $0.758 | $0.758 | August 20, 2014 | September 02, 2014 | ||
| $0.461 | $0.461 | July 17, 2014 | July 29, 2014 | July 03, 2014 | |
| $0.615 | $0.615 | May 15, 2014 | May 28, 2014 | ||
| $0.606 | $0.606 | November 25, 2013 | |||
| $0.304 | $0.304 | October 22, 2013 | November 01, 2013 | ||
| $0.312 | $0.312 | July 23, 2013 | July 25, 2013 | August 06, 2013 | July 16, 2013 |
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V News
Read the latest news about Grupo Aeroportuario del Centro Norte, S.A.B. de C.V, including recent articles, headlines, and updates.
OMA Airports: Significant Discount Due To Market Disruptions
OMA Airports' stock has surged 29.4% since November, outperforming the S&P 500, despite trade tensions between the US and Mexico. Monterrey's nearshoring potential and capacity cap at Mexico City present growth opportunities, but trade turmoil and GDP growth concerns pose risks. Operating income remains stable despite a 9.4% rise in costs and an 81.8% increase in concession taxes, with strong EBITDA margins.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q4 2024 Earnings Call Transcript
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q4 2024 Earnings Conference Call February 25, 2025 11:00 AM ET Company Participants Emmanuel Camacho – Investor Relations Officer Ricardo Dueñas – Chief Executive Officer Ruffo Pérez Pliego – Chief Financial Officer Conference Call Participants Rodolfo Ramos – Bradesco BBI Jens Spiess – Morgan Stanley Guillherme Mendes – JPMorgan Fernanda Recchia – BTG Pactual Pablo Ricalde – Itaú Pablo Monsivais – Barclays Andressa Varotto – UBS Federico Galassi – TRG Alan Macías – Bank of America Edson Murguia – SummaCap Operator Greetings, and welcome to the Grupo Aeroportuario del Centro Norte, OMA, Fourth Quarter 2024 Earnings Call.
Grupo Aeroportuario del Centro Norte: My Favorite Mexican Airport Operator
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. aka OMAB has experienced much better operational results over the past quarter. I believe the sharp upturn in the company's traffic more than offsets the current risks from potential tariffs and a slowdown in the Mexican economy. It's my view that the analyst consensus is too low for the company's 2025 results, setting the stage for quarterly numbers that beat expectations.
Grupo Aeroportuario Del Centro Norte: Stock Is Still A Buy Despite Higher Concession Taxes
Grupo Aeroportuario del Centro Norte's Q3 results beat analyst estimates, with a 1.4% revenue rise driven by strong non-aeronautical revenues despite a decline in aeronautical revenues. Higher concession taxes are impacting margins, with adjusted operating margins decreasing from 71% to 67% and adjusted EBITDA declining by 3.8%. Despite the margin pressure, OMAB stock still has a 48% upside potential, maintaining a buy rating with a price target of $93.60.
Grupo Aeroportuario del Centro Norte SAB de CV (OMAB) Shares Up 3.5% on Oct 2
Shares of Grupo Aeroportuario del Centro Norte SAB de CV (OMAB, Financial) surged 3.50% in mid-day trading on Oct 2. The stock reached an intraday high of $69.78, before settling at $69.49, up from its previous close of $67.14.
Grupo Aeroportuario del Centro Norte (OMAB) Upgraded to Strong Buy: Here's What You Should Know
Grupo Aeroportuario del Centro Norte (OMAB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
OMAB or EXPD: Which Is the Better Value Stock Right Now?
Investors with an interest in Transportation - Services stocks have likely encountered both Grupo Aeroportuario del Centro Norte (OMAB) and Expeditors International (EXPD). But which of these two companies is the best option for those looking for undervalued stocks?
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2024 Earnings Call Transcript
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q2 2024 Earnings Conference Call July 29, 2024 11:30 AM ET Company Participants Luis Emmanuel Camacho Thierry - Investor Relations Manager Ricardo Duenas Espriu - Chief Executive Officer Ruffo Perez Pliego - Chief Financial Officer Conference Call Participants Pablo Ricalde - Santander Rodolfo Ramos - Bradesco BBI Jens Spiess - Morgan Stanley Stephen Trent - Citi Isabela Salazar - GBM Andres Aguirre - GBM Andressa Varotto - Private Investor Alan Macias - Bank of America Anton Mortenkotter - GBM Operator Greetings.
OMA: Near-Term Traffic Challenges, And Longer-Term Uncertainties, But Good Value And Nearshoring Leverage
OMA's Q2'24 results beat expectations with better than expected non-aero revenue and cost control, despite challenges in the operating environment and weaker traffic. OMA's traffic held up well compared to its peers and per-passenger non-aero revenue continues to grow nicely, as management reaps past investments into cargo and logistics assets. The traffic outlook for 2024 is not great, with Volaris grounding jets for engine repairs and a weaker macro backdrop, but nearshoring could drive meaningful growth over the next 5 years.
Here's Why Grupo Aeroportuario del Centro Norte (OMAB) is Poised for a Turnaround After Losing -16.7% in 4 Weeks
Grupo Aeroportuario del Centro Norte (OMAB) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Grupo Aeroportuario del Centro Norte (OMAB) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
After losing some value lately, a hammer chart pattern has been formed for Grupo Aeroportuario del Centro Norte (OMAB), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q1 2024 Earnings Call Transcript
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q1 2024 Earnings Conference Call April 25, 2024 1:00 PM ET Company Participants Emmanuel Camacho - Investor Relations Ricardo Duenas - Chief Executive Officer Ruffo Perez Pliego - Chief Financial Officer Conference Call Participants Guilherme Mendes - JPMorgan Alan Macias - Bank of America Rodolfo Ramos - Bradesco BBI Fernanda Recchia - BTG Pactual Pablo Ricalde - Santander Jay Singh - Citi Gabriel Himelfarb - Scotiabank Operator Greetings, and welcome to Grupo Aeroportuario del Centro Norte OMA First Quarter 2024 Earnings Conference Call.
Grupo Aeroportuario Del Centro Norte Stock Remains Attractive
Nearshoring trend in Mexico presents opportunities for increased manufacturing and economic activity, benefiting Grupo Aeroportuario del Centro Norte. Risks include stalling economic growth affecting manufacturing output and capacity cuts for airlines due to downtime of GTF-powered airplanes. Despite challenges, OMAB stock remains a compelling investment opportunity with a projected price target of $111.70.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q3 2023 Earnings Call Transcript
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q3 2023 Earnings Conference Call October 30, 2023 12:00 PM ET Company Participants Emmanuel Camacho - Investor Relations Ricardo Duenas - Chief Executive Officer Ruffo Perez Pliego - Chief Financial Officer Conference Call Participants Pablo Monsivais - Barclays Guilherme Mendes - JPMorgan Rodolfo Ramos - Bradesco BBI Alberto Valerio - UBS Bruno Amorim - Goldman Sachs Juan Macedo - GBM Jay Singh - Citi Edson Murguia - SummaCapital Gabriel Himelfarb - Scotiabank Fernanda Recchia - BTG Pactual Alan Macias - Bank of America Operator Greetings and welcome to the OMA Third Quarter Conference Call.
Grupo Aeroportuario del Centro Norte: Analyzing The Fee Change Impact (Rating Upgrade)
Grupo Aeroportuario del Centro Norte operates airport concessionaires in central and northern Mexico. These are businesses with high barriers to entry. On October 5th news broke that the Mexican government planned to reduce airport fees for domestic passengers. The risk of regulation has always been present. I estimate that it will not affect the company's revenues much and the market is overreacting to the news, as we will explore in this article.
Grupo Aeroportuario del Centro Norte: Crisis Creates Opportunity
Mexican airport regulator's potential change to tariff formula caused shares to plummet. The current share price incorporates an 18% tariff cut, which seems harsh. Two other scenarios suggest a potential upside from current levels, but the situation remains speculative.
Grupo Aeroportuario del Centro Norte: Recovery Not Yet Complete
Grupo Aeroportuario del Centro Norte operates 13 international airports in Mexico and two hotels. The business model of airports turns them into oligopolies with high barriers to entry. International visitor levels are recovering in Mexico, but there is still a long way to go.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q2 2023 Earnings Call Transcript
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q2 2023 Results Conference Call July 31, 2023 1:00 PM ET Company Participants Emmanuel Camacho - IR Ricardo Dueñas - CEO Ruffo Pérez Pliego - CFO Conference Call Participants Rodolfo Ramos - Bradesco BBI Guilherme Mendes - JP Morgan Alberto Valerio - UBS Jay Singh - Citi Gabriel Himelfarb - Scotiabank Fernanda Recchia - BTG Pactual Operator Greetings.
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