OMAB
IndustrialsGrupo Aeroportuario del Centro Norte, S.A.B. de C.V. · Airlines, Airports & Air Services · $5B
What is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.?
Grupo Aeroportuario del Centro Norte (OMAB) operates a network of 13 international airports across central and northern Mexico, making it a key piece of the country's aviation infrastructure. The company is headquartered in Mexico City and has held its airport concessions since 2006.
OMAB generates revenue through airport concessions granted by the Mexican government, collecting fees from airlines for landing, parking, and passenger services. Beyond aeronautical fees, the company leases space to retailers, restaurants, and cargo operators inside its terminals. It also operates two hotels — one under the NH Collection brand and one under the Hilton Garden Inn name — and manages an industrial park near the Monterrey airport through a strategic alliance.
OMAB was established in 2006 and is headquartered in Mexico City, Mexico.
- Airport concession operations across 13 Mexican cities
- Aeronautical services including passenger handling and aircraft parking
- Commercial leasing to retailers, restaurants, and cargo tenants
- Hotel operations and industrial park development near Monterrey
Is OMAB a Good Stock to Buy?
UQS Score rates OMAB as Good overall, reflecting a balanced profile across its five analytical pillars.
OMAB's Quality pillar stands out as Strong, pointing to a business model that generates reliable cash flows from government-backed concessions. The Valuation pillar is rated Attractive, suggesting the stock may be priced favorably relative to its fundamentals. Growth is rated Good, supported by rising passenger volumes across Mexico's regional airports.
The Moat pillar is rated Weak, reflecting that while concession rights provide some protection, OMAB's competitive advantages are narrower than many peers in the infrastructure sector.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does OMAB pay dividends?
Yes — Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. pays a dividend.
OMAB pays a regular dividend, consistent with the capital-return approach common among Latin American airport operators. The company's concession-based revenue model generates relatively predictable cash flows, which supports ongoing distributions to shareholders. Investors seeking income exposure to Mexican aviation infrastructure may find OMAB's dividend policy worth examining alongside the full UQS analysis.
When does OMAB report earnings?
Grupo Aeroportuario del Centro Norte reports earnings on a quarterly cadence, typical for exchange-listed equities.
OMAB's results tend to reflect passenger traffic trends across its 13 airports, seasonal travel patterns in Mexico, and non-aeronautical revenue from its commercial and hotel operations. Shifts in regional tourism and business travel to cities like Monterrey and Mazatlán can meaningfully influence quarterly outcomes.
For the most recent quarter's results, visit Grupo Aeroportuario del Centro Norte's official investor relations page.
OMAB Price History
+205.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.?
Based on Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
OMAB Long-term Outlook
OMAB's Growth pillar is rated Good, supported by structural tailwinds in Mexican air travel demand and the company's diversified revenue streams beyond aeronautical fees. The Risk pillar sits at Neutral, reflecting manageable but real exposure to regulatory changes in Mexico's airport concession framework and macroeconomic sensitivity. The Attractive Valuation rating suggests the market may not yet be fully pricing in the company's longer-term growth potential.
Growth drivers
- Rising domestic and international passenger volumes across central and northern Mexico
- Expansion of non-aeronautical revenue through commercial leasing and hotel operations
- Industrial park development near Monterrey tapping nearshoring demand
Key risks
- Regulatory or concession-renewal risk from the Mexican government
- Currency and macroeconomic volatility affecting Mexican consumer travel
- Concentration in regional markets with limited pricing power versus larger hub operators
OMAB vs Peers
OMAB operates in a distinct niche as a regional Mexican airport concessionaire, but it competes for investor capital alongside other aviation and transportation infrastructure names.
Air Canada is a major airline rather than an airport operator, giving it direct exposure to seat demand but also far greater operational and fuel cost variability than a concession-based model like OMAB.
Exchange Income Corporation is a Canadian diversified holding company with aviation and manufacturing segments, offering a different risk-return profile compared to OMAB's pure-play airport concession structure.
Alaska Air Group operates as a US-based airline, competing for leisure and business travelers on routes that can overlap with OMAB's airports, but its revenue model is driven by ticket sales rather than concession fees.
Frequently Asked Questions
What does Grupo Aeroportuario del Centro Norte do?
OMAB holds government-granted concessions to develop, operate, and maintain 13 international airports across central and northern Mexico. Revenue comes from aeronautical fees charged to airlines, commercial leasing inside terminals, hotel operations, and an industrial park near Monterrey.
Does OMAB pay dividends?
Yes, OMAB pays a regular dividend. The company's concession-based model generates relatively stable cash flows, which supports consistent distributions. Investors should review the current dividend details on OMAB's investor relations page for the most up-to-date information.
When does OMAB report earnings?
Grupo Aeroportuario del Centro Norte reports on a quarterly cadence. For exact upcoming dates, check the company's investor relations page or your brokerage's earnings calendar, as our data source does not cover specific future dates.
Is OMAB a good stock to buy?
UQS Score rates OMAB as Good overall. The Quality pillar is Strong and Valuation is Attractive, which are positive signals. However, the Moat pillar is Weak, meaning competitive advantages are relatively limited. Whether OMAB fits your portfolio depends on your own risk tolerance and investment goals.
Is OMAB overvalued?
The UQS Valuation pillar for OMAB is rated Attractive, suggesting the stock appears reasonably priced relative to its fundamentals. This does not guarantee future price performance, but it indicates the market may not be pricing in excessive optimism at current levels.
How does OMAB compare to its competitors?
OMAB is a pure-play airport concessionaire, which distinguishes it from airline operators like Air Canada and Alaska Air Group that face higher cost volatility. Its concession-backed revenue model tends to be more predictable than airline ticket-driven businesses, though its moat is rated Weak relative to larger infrastructure peers.
What is OMAB's market cap bracket?
OMAB is classified as a mid-cap stock. This places it in a range that typically offers more liquidity than small-cap names while still carrying more volatility and less institutional coverage than large-cap or mega-cap companies.
Who founded Grupo Aeroportuario del Centro Norte?
OMAB was established in 2006 as part of Mexico's privatization of regional airport operations. Detailed founding information, including key individuals involved in its formation, is publicly available through the company's official disclosures and Mexican regulatory filings.
Is OMAB a long-term quality investment?
From a long-term quality perspective, OMAB's Strong Quality pillar and Attractive Valuation are encouraging indicators. The Weak Moat rating is worth monitoring, as durable competitive advantages are important for sustained long-term performance. Pro members can access the full pillar breakdown to assess fit for a long-horizon portfolio.
What is the main competitive advantage of Grupo Aeroportuario del Centro Norte?
OMAB's primary structural advantage is its government-granted concession rights to operate 13 airports, which creates a regulated monopoly in each of its markets. However, the UQS Moat pillar rates this as Weak overall, reflecting limits on pricing power and the risk of concession-related regulatory changes.
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OMAB — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Sep 23, 2026 | 13.0 | 0.0 | 30.0 | 0.0 | 36.9 | 0.0 | -51.1 |
| Aug 1, 2026 | 64.1 | 94.7 | 30.0 | 65.3 | 35.6 | 97.0 | +0.9 |
| Jul 26, 2026 | 63.2 | 86.3 | 30.0 | 65.3 | 43.5 | 97.2 | -0.1 |
| Jul 25, 2026 | 63.3 | 86.3 | 30.0 | 65.3 | 43.5 | 97.9 | 0.0 |
| Jul 24, 2026 | 63.3 | 86.2 | 30.0 | 65.3 | 43.5 | 97.7 | 0.0 |
| Jul 22, 2026 | 63.3 | 86.3 | 30.0 | 65.3 | 43.5 | 97.6 | 0.0 |
| Jul 21, 2026 | 63.3 | 86.3 | 30.0 | 65.3 | 43.5 | 97.7 | +0.1 |
| Jul 18, 2026 | 63.2 | 86.1 | 30.0 | 65.3 | 43.5 | 97.6 | 0.0 |
| Jul 17, 2026 | 63.2 | 86.0 | 30.0 | 65.3 | 43.5 | 97.7 | +0.1 |
| Jul 15, 2026 | 63.1 | 85.9 | 30.0 | 65.3 | 43.5 | 97.3 | -0.1 |
OMAB — Pillar Breakdown
Quality
— 0.0/100 (25%)Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Ability to convert revenue into operating profit.
Free cash flow relative to market value.
Growth
— 0.0/100 (20%)Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Analyst consensus for future revenue growth.
Risk
— 36.9/100 (15%)Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 0.0/100 (15%)Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. appears expensively valued relative to its fundamentals and growth prospects.
Moat
— 30/100 (25%)Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for OMAB.
Score Composition
Financial Data
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How is the OMAB UQS Score Calculated?
The UQS (Unified Quality Score) for Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.