GRUPO AEROPORTUARIO CEN-ADR (OMAB) Stock Fundamental Analysis
USA - NASDAQ:OMAB - US4005011022 - ADR
104.43 USD
+1.78 (+1.73%)
104.43 USD
0 (0%)
Overall OMAB gets a fundamental rating of 6 out of 10. We evaluated OMAB against 6 industry peers in the Transportation Infrastructure industry. OMAB scores excellent on profitability, but there are some minor concerns on its financial health. OMAB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year OMAB was profitable.
OMAB had a positive operating cash flow in the past year.
In the past 5 years OMAB has always been profitable.
Each year in the past 5 years OMAB had a positive operating cash flow.
1.2 Ratios
OMAB has a Return On Assets of 17.08%. This is amongst the best in the industry. OMAB outperforms 100.00% of its industry peers.
OMAB has a better Return On Equity (60.64%) than 100.00% of its industry peers.
OMAB's Return On Invested Capital of 25.49% is amongst the best of the industry. OMAB outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for OMAB is above the industry average of 18.98%.
The 3 year average ROIC (23.55%) for OMAB is below the current ROIC(25.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.08% | ||
| ROE | 60.64% | ||
| ROIC | 25.49% |
ROA(3y)18.29%
ROA(5y)14.67%
ROE(3y)48.63%
ROE(5y)36.4%
ROIC(3y)23.55%
ROIC(5y)18.66%
1.3 Margins
Looking at the Profit Margin, with a value of 32.94%, OMAB belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
In the last couple of years the Profit Margin of OMAB has declined.
OMAB's Operating Margin of 55.71% is amongst the best of the industry. OMAB outperforms 100.00% of its industry peers.
OMAB's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 73.59%, OMAB belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of OMAB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.71% | ||
| PM (TTM) | 32.94% | ||
| GM | 73.59% |
OM growth 3Y4.4%
OM growth 5Y-1.19%
PM growth 3Y-0.07%
PM growth 5Y-2.84%
GM growth 3Y1.15%
GM growth 5Y-1.33%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so OMAB is creating value.
OMAB has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for OMAB has been reduced compared to 5 years ago.
Compared to 1 year ago, OMAB has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.41 indicates that OMAB is not in any danger for bankruptcy at the moment.
The Altman-Z score of OMAB (4.41) is better than 100.00% of its industry peers.
The Debt to FCF ratio of OMAB is 3.16, which is a good value as it means it would take OMAB, 3.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.16, OMAB belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
OMAB has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.47, OMAB is doing worse than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 3.16 | ||
| Altman-Z | 4.41 |
ROIC/WACC2.27
WACC11.23%
2.3 Liquidity
A Current Ratio of 1.03 indicates that OMAB should not have too much problems paying its short term obligations.
OMAB has a Current ratio of 1.03. This is in the lower half of the industry: OMAB underperforms 66.67% of its industry peers.
A Quick Ratio of 1.03 indicates that OMAB should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.03, OMAB is doing worse than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
OMAB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.23%.
OMAB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.25% yearly.
Looking at the last year, OMAB shows a small growth in Revenue. The Revenue has grown by 5.85% in the last year.
The Revenue has been growing by 12.07% on average over the past years. This is quite good.
EPS 1Y (TTM)3.23%
EPS 3Y20.13%
EPS 5Y9.25%
EPS Q2Q%3.9%
Revenue 1Y (TTM)5.85%
Revenue growth 3Y20.01%
Revenue growth 5Y12.07%
Sales Q2Q%24.38%
3.2 Future
Based on estimates for the next years, OMAB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.47% on average per year.
Based on estimates for the next years, OMAB will show a quite strong growth in Revenue. The Revenue will grow by 11.21% on average per year.
EPS Next Y15.14%
EPS Next 2Y18.83%
EPS Next 3Y17.39%
EPS Next 5Y12.47%
Revenue Next Year11.63%
Revenue Next 2Y12.56%
Revenue Next 3Y11.37%
Revenue Next 5Y11.21%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
OMAB is valuated rather expensively with a Price/Earnings ratio of 17.88.
Compared to the rest of the industry, the Price/Earnings ratio of OMAB indicates a rather cheap valuation: OMAB is cheaper than 83.33% of the companies listed in the same industry.
OMAB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.40.
OMAB is valuated correctly with a Price/Forward Earnings ratio of 13.34.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OMAB indicates a somewhat cheap valuation: OMAB is cheaper than 66.67% of the companies listed in the same industry.
OMAB's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.88 | ||
| Fwd PE | 13.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, OMAB is valued a bit cheaper than 66.67% of the companies in the same industry.
OMAB's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.57 | ||
| EV/EBITDA | 10.59 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of OMAB may justify a higher PE ratio.
OMAB's earnings are expected to grow with 17.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.18
PEG (5Y)1.93
EPS Next 2Y18.83%
EPS Next 3Y17.39%
5. Dividend
5.1 Amount
OMAB has a Yearly Dividend Yield of 4.81%, which is a nice return.
OMAB's Dividend Yield is rather good when compared to the industry average which is at 3.98. OMAB pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, OMAB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.81% |
5.2 History
On average, the dividend of OMAB grows each year by 21.90%, which is quite nice.
OMAB has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)21.9%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
83.79% of the earnings are spent on dividend by OMAB. This is not a sustainable payout ratio.
The dividend of OMAB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP83.79%
EPS Next 2Y18.83%
EPS Next 3Y17.39%
104.43
+1.78 (+1.73%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners28.72%
Inst Owner Change-15.66%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.04B
Analysts67.62
Price Target107.29 (2.74%)
Short Float %0.7%
Short Ratio3.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.81% |
Yearly Dividend4.75
Dividend Growth(5Y)21.9%
DP83.79%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.02%
Min EPS beat(2)-7.98%
Max EPS beat(2)-0.07%
EPS beat(4)1
Avg EPS beat(4)-4.23%
Min EPS beat(4)-11.79%
Max EPS beat(4)2.92%
EPS beat(8)3
Avg EPS beat(8)-0.31%
EPS beat(12)7
Avg EPS beat(12)0.86%
EPS beat(16)9
Avg EPS beat(16)2.22%
Revenue beat(2)1
Avg Revenue beat(2)2.87%
Min Revenue beat(2)-2.06%
Max Revenue beat(2)7.81%
Revenue beat(4)3
Avg Revenue beat(4)4.83%
Min Revenue beat(4)-2.06%
Max Revenue beat(4)8.98%
Revenue beat(8)7
Avg Revenue beat(8)8.39%
Revenue beat(12)11
Avg Revenue beat(12)8.88%
Revenue beat(16)12
Avg Revenue beat(16)5.51%
PT rev (1m)-3.87%
PT rev (3m)-4.6%
EPS NQ rev (1m)-0.93%
EPS NQ rev (3m)-4.48%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)0.99%
Revenue NQ rev (1m)-2.17%
Revenue NQ rev (3m)-2.98%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)-1.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.88 | ||
| Fwd PE | 13.34 | ||
| P/S | 5.9 | ||
| P/FCF | 21.57 | ||
| P/OCF | 12.61 | ||
| P/B | 10.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.59 |
EPS(TTM)5.84
EY5.59%
EPS(NY)7.83
Fwd EY7.5%
FCF(TTM)4.84
FCFY4.64%
OCF(TTM)8.28
OCFY7.93%
SpS17.71
BVpS9.62
TBVpS-12.57
PEG (NY)1.18
PEG (5Y)1.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.08% | ||
| ROE | 60.64% | ||
| ROCE | 36.18% | ||
| ROIC | 25.49% | ||
| ROICexc | 30.73% | ||
| ROICexgc | 1579.41% | ||
| OM | 55.71% | ||
| PM (TTM) | 32.94% | ||
| GM | 73.59% | ||
| FCFM | 27.34% |
ROA(3y)18.29%
ROA(5y)14.67%
ROE(3y)48.63%
ROE(5y)36.4%
ROIC(3y)23.55%
ROIC(5y)18.66%
ROICexc(3y)27.2%
ROICexc(5y)22.52%
ROICexgc(3y)238.88%
ROICexgc(5y)196.23%
ROCE(3y)34.41%
ROCE(5y)27.68%
ROICexcg growth 3Y9.43%
ROICexcg growth 5Y5.69%
ROICexc growth 3Y7.57%
ROICexc growth 5Y-1.72%
OM growth 3Y4.4%
OM growth 5Y-1.19%
PM growth 3Y-0.07%
PM growth 5Y-2.84%
GM growth 3Y1.15%
GM growth 5Y-1.33%
F-Score6
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 3.16 | ||
| Debt/EBITDA | 1.31 | ||
| Cap/Depr | 374.15% | ||
| Cap/Sales | 19.42% | ||
| Interest Coverage | 7.91 | ||
| Cash Conversion | 76.78% | ||
| Profit Quality | 82.99% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 4.41 |
F-Score6
WACC11.23%
ROIC/WACC2.27
Cap/Depr(3y)455.01%
Cap/Depr(5y)418.29%
Cap/Sales(3y)21.21%
Cap/Sales(5y)22.51%
Profit Quality(3y)62.99%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.23%
EPS 3Y20.13%
EPS 5Y9.25%
EPS Q2Q%3.9%
EPS Next Y15.14%
EPS Next 2Y18.83%
EPS Next 3Y17.39%
EPS Next 5Y12.47%
Revenue 1Y (TTM)5.85%
Revenue growth 3Y20.01%
Revenue growth 5Y12.07%
Sales Q2Q%24.38%
Revenue Next Year11.63%
Revenue Next 2Y12.56%
Revenue Next 3Y11.37%
Revenue Next 5Y11.21%
EBIT growth 1Y9.85%
EBIT growth 3Y25.3%
EBIT growth 5Y10.74%
EBIT Next Year28.37%
EBIT Next 3Y18.49%
EBIT Next 5Y12.74%
FCF growth 1Y45.58%
FCF growth 3Y11.24%
FCF growth 5Y6.16%
OCF growth 1Y17.85%
OCF growth 3Y11.7%
OCF growth 5Y10.77%