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Grupo Aeroportuario del Centro Norte. de

DB:G7A
Snowflake Description

6 star dividend payer with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G7A
DB
MX$31B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Grupo Aeroportuario del Centro Norte, S.A.B. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Grupo Aeroportuario del Centro Norte. de has significant price volatility in the past 3 months.
G7A Share Price and Events
7 Day Returns
22.7%
DB:G7A
6.6%
DE Infrastructure
7.3%
DE Market
1 Year Returns
-41.9%
DB:G7A
-42.7%
DE Infrastructure
-17.7%
DE Market
G7A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grupo Aeroportuario del Centro Norte. de (G7A) 22.7% -49.1% -55.9% -41.9% -41.2% -35.3%
DE Infrastructure 6.6% -32.4% -48.6% -42.7% -41.2% -17.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • G7A matched the Infrastructure industry (-42.7%) over the past year.
  • G7A underperformed the Market in Germany which returned -17.7% over the past year.

G7A Value

 Is Grupo Aeroportuario del Centro Norte. de undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Grupo Aeroportuario del Centro Norte. de to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Grupo Aeroportuario del Centro Norte. de.

DB:G7A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:G7A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 30%) (15.24%))
0.87
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.87 * 6.96%)
5.67%

Discounted Cash Flow Calculation for DB:G7A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Grupo Aeroportuario del Centro Norte. de is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:G7A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 5.67%)
2020 3,077.80 Analyst x5 2,912.75
2021 2,729.88 Analyst x6 2,444.94
2022 2,288.50 Analyst x4 1,939.72
2023 2,794.00 Analyst x1 2,241.19
2024 2,697.80 Est @ -3.44% 2,047.97
2025 2,629.62 Est @ -2.53% 1,889.17
2026 2,580.03 Est @ -1.89% 1,754.14
2027 2,542.95 Est @ -1.44% 1,636.22
2028 2,514.39 Est @ -1.12% 1,531.08
2029 2,491.68 Est @ -0.9% 1,435.89
Present value of next 10 years cash flows MX$19,833.00
DB:G7A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MX$2,491.68 × (1 + -0.39%) ÷ (5.67% – -0.39%)
MX$40,980.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$40,980.56 ÷ (1 + 5.67%)10
MX$23,616.04
DB:G7A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$19,833.00 + MX$23,616.04
MX$43,449.04
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$43,449.04 / 391.30
MX$111.04
DB:G7A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:G7A represents 0.29798x of BMV:OMA B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.29798x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 111.04 x 0.29798
€33.09
Value per share (EUR) From above. €33.09
Current discount Discount to share price of €23.80
= -1 x (€23.80 - €33.09) / €33.09
28.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Grupo Aeroportuario del Centro Norte. de is available for.
Intrinsic value
28%
Share price is €23.8 vs Future cash flow value of €33.09
Current Discount Checks
For Grupo Aeroportuario del Centro Norte. de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Grupo Aeroportuario del Centro Norte. de's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Grupo Aeroportuario del Centro Norte. de's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Grupo Aeroportuario del Centro Norte. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grupo Aeroportuario del Centro Norte. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:G7A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in MXN MX$8.20
BMV:OMA B Share Price ** BMV (2020-03-30) in MXN MX$79.87
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 11.07x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Grupo Aeroportuario del Centro Norte. de.

DB:G7A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:OMA B Share Price ÷ EPS (both in MXN)

= 79.87 ÷ 8.20

9.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Aeroportuario del Centro Norte. de is good value based on earnings compared to the Europe Infrastructure industry average.
  • Grupo Aeroportuario del Centro Norte. de is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Grupo Aeroportuario del Centro Norte. de's expected growth come at a high price?
Raw Data
DB:G7A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
7.4%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.18x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:G7A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.74x ÷ 7.4%

1.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Aeroportuario del Centro Norte. de is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Grupo Aeroportuario del Centro Norte. de's assets?
Raw Data
DB:G7A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in MXN MX$24.83
BMV:OMA B Share Price * BMV (2020-03-30) in MXN MX$79.87
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.96x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:G7A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:OMA B Share Price ÷ Book Value per Share (both in MXN)

= 79.87 ÷ 24.83

3.22x

* Primary Listing of Grupo Aeroportuario del Centro Norte. de.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grupo Aeroportuario del Centro Norte. de is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Grupo Aeroportuario del Centro Norte. de's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Grupo Aeroportuario del Centro Norte. de has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

G7A Future Performance

 How is Grupo Aeroportuario del Centro Norte. de expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grupo Aeroportuario del Centro Norte. de expected to grow at an attractive rate?
  • Grupo Aeroportuario del Centro Norte. de's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Grupo Aeroportuario del Centro Norte. de's earnings growth is positive but not above the Germany market average.
  • Grupo Aeroportuario del Centro Norte. de's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:G7A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:G7A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 7.4%
DB:G7A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 10.6%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:G7A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:G7A Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,795 4,069
2022-12-31 10,555 5,134 4,022 2
2021-12-31 11,147 4,545 3,927 8
2020-12-31 9,125 4,080 3,507 10
2020-03-30
DB:G7A Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2019-12-31 8,527 3,747 3,220
2019-09-30 8,285 3,719 3,278
2019-06-30 8,096 3,820 3,144
2019-03-31 7,917 3,979 3,000
2018-12-31 7,907 3,709 2,852
2018-09-30 7,774 3,408 2,657
2018-06-30 7,691 3,114 2,513
2018-03-31 7,443 3,022 2,315
2017-12-31 7,130 2,921 2,128
2017-09-30 6,829 3,088 2,074
2017-06-30 6,442 2,964 1,978
2017-03-31 6,041 2,709 1,918

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grupo Aeroportuario del Centro Norte. de's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
  • Grupo Aeroportuario del Centro Norte. de's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:G7A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Grupo Aeroportuario del Centro Norte. de Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G7A Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 10.31 11.01 9.46 3.00
2021-12-31 9.94 11.08 8.65 9.00
2020-12-31 8.89 9.50 7.88 11.00
2020-03-30
DB:G7A Past Financials Data
Date (Data in MXN Millions) EPS *
2019-12-31 8.20
2019-09-30 8.34
2019-06-30 7.99
2019-03-31 7.63
2018-12-31 7.25
2018-09-30 6.75
2018-06-30 6.38
2018-03-31 5.87
2017-12-31 5.40
2017-09-30 5.29
2017-06-30 5.05
2017-03-31 4.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Grupo Aeroportuario del Centro Norte. de is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Grupo Aeroportuario del Centro Norte. de's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Grupo Aeroportuario del Centro Norte. de has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

G7A Past Performance

  How has Grupo Aeroportuario del Centro Norte. de performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Grupo Aeroportuario del Centro Norte. de's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Grupo Aeroportuario del Centro Norte. de has delivered over 20% year on year earnings growth in the past 5 years.
  • Grupo Aeroportuario del Centro Norte. de's 1-year earnings growth is less than its 5-year average (12.9% vs 24%)
  • Grupo Aeroportuario del Centro Norte. de's earnings growth has exceeded the Europe Infrastructure industry average in the past year (12.9% vs 6.9%).
Earnings and Revenue History
Grupo Aeroportuario del Centro Norte. de's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Grupo Aeroportuario del Centro Norte. de Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G7A Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 8,527.10 3,219.80 692.77
2019-09-30 8,285.05 3,277.55 732.91
2019-06-30 8,096.23 3,144.26 726.24
2019-03-31 7,916.85 3,000.06 534.81
2018-12-31 7,907.05 2,851.82 735.76
2018-09-30 7,773.75 2,657.02 681.14
2018-06-30 7,691.28 2,512.69 705.37
2018-03-31 7,443.14 2,315.30 732.77
2017-12-31 7,129.83 2,127.58 722.99
2017-09-30 6,829.19 2,074.15 758.91
2017-06-30 6,441.64 1,978.45 760.75
2017-03-31 6,041.06 1,918.24 741.26
2016-12-31 5,550.27 1,870.19 760.33
2016-09-30 5,170.30 1,698.29 626.35
2016-06-30 4,839.15 1,520.13 681.00
2016-03-31 4,599.13 1,349.38 691.98
2015-12-31 4,492.66 1,233.77 656.04
2015-09-30 4,277.37 1,121.80 691.03
2015-06-30 4,114.22 1,086.58 613.99
2015-03-31 3,911.61 1,024.35 608.43
2014-12-31 3,729.69 1,024.69 622.21
2014-09-30 3,671.19 1,272.39 587.12
2014-06-30 3,538.21 1,230.19 587.61
2014-03-31 3,469.84 1,231.28 585.93
2013-12-31 3,418.06 1,199.64 567.37
2013-09-30 3,401.70 924.58 558.12
2013-06-30 3,330.73 914.82 538.63
2013-03-31 3,224.49 859.53 514.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Grupo Aeroportuario del Centro Norte. de has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Grupo Aeroportuario del Centro Norte. de used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Grupo Aeroportuario del Centro Norte. de has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grupo Aeroportuario del Centro Norte. de's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Grupo Aeroportuario del Centro Norte. de has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

G7A Health

 How is Grupo Aeroportuario del Centro Norte. de's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Grupo Aeroportuario del Centro Norte. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grupo Aeroportuario del Centro Norte. de is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grupo Aeroportuario del Centro Norte. de's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Grupo Aeroportuario del Centro Norte. de's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grupo Aeroportuario del Centro Norte. de Company Filings, last reported 2 months ago.

DB:G7A Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 9,887.50 4,543.61 3,429.87
2019-09-30 9,169.44 4,554.72 3,407.25
2019-06-30 8,521.97 4,561.81 2,801.30
2019-03-31 9,272.41 4,571.31 3,985.75
2018-12-31 8,511.93 4,584.59 2,978.56
2018-09-30 7,671.54 4,591.82 2,580.35
2018-06-30 6,950.14 4,609.97 1,896.63
2018-03-31 7,839.38 4,611.78 3,004.26
2017-12-31 7,229.32 4,633.27 2,382.35
2017-09-30 6,607.72 4,628.86 2,591.31
2017-06-30 6,062.06 4,643.41 2,271.56
2017-03-31 7,127.64 4,664.99 3,177.27
2016-12-31 6,686.98 4,693.87 3,005.79
2016-09-30 6,107.18 4,698.31 2,611.48
2016-06-30 5,432.30 4,698.57 1,916.44
2016-03-31 6,332.05 4,701.29 2,964.34
2015-12-31 5,950.53 4,713.78 2,665.64
2015-09-30 5,593.74 4,739.49 2,389.38
2015-06-30 5,321.34 4,729.55 2,031.51
2015-03-31 6,349.60 4,738.19 3,092.64
2014-12-31 6,116.60 4,724.40 2,808.15
2014-09-30 5,810.53 4,729.12 2,600.56
2014-06-30 5,574.31 6,234.06 4,496.60
2014-03-31 6,595.27 3,105.97 1,532.71
2013-12-31 6,397.39 3,103.54 1,534.01
2013-09-30 5,889.88 3,119.73 2,026.41
2013-06-30 5,662.00 3,029.64 2,093.94
2013-03-31 6,641.54 3,648.00 2,892.63
  • Grupo Aeroportuario del Centro Norte. de's level of debt (46%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (77.2% vs 46% today).
  • Debt is well covered by operating cash flow (82.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.7x coverage).
X
Financial health checks
We assess Grupo Aeroportuario del Centro Norte. de's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Grupo Aeroportuario del Centro Norte. de has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

G7A Dividends

 What is Grupo Aeroportuario del Centro Norte. de's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.09%
Current annual income from Grupo Aeroportuario del Centro Norte. de dividends. Estimated to be 7.57% next year.
If you bought €2,000 of Grupo Aeroportuario del Centro Norte. de shares you are expected to receive €102 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Grupo Aeroportuario del Centro Norte. de's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Grupo Aeroportuario del Centro Norte. de's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:G7A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 6.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:G7A Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 6.56 2.00
2021-12-31 6.60 9.00
2020-12-31 4.84 5.00
2020-03-30
DB:G7A Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-04-30 4.063 3.320
2018-05-21 4.063 3.758
2017-05-04 4.000 3.993
2017-05-03 4.000 3.797
2017-04-28 4.000 3.764
2016-04-15 3.500 3.408
2015-04-28 3.000 3.579
2015-02-25 3.000 4.108
2014-04-25 3.000 5.122
2013-04-29 3.000 6.777
2012-07-26 1.000 2.868
2012-07-25 1.000 3.531
2011-04-15 1.000 4.081
2010-04-19 1.000 4.517
2009-04-27 1.000 5.205

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Grupo Aeroportuario del Centro Norte. de's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Grupo Aeroportuario del Centro Norte. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Grupo Aeroportuario del Centro Norte. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grupo Aeroportuario del Centro Norte. de has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

G7A Management

 What is the CEO of Grupo Aeroportuario del Centro Norte. de's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ricardo Dueñas Espriu
AGE 39
TENURE AS CEO 1.3 years
CEO Bio

Mr. Ricardo Dueñas has been the Chief Executive Officer at Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. since November 12th, 2018. Ricardo Dueñas has a solid experience in the airport and infrastructure sectors. He was Chief Financial Officer (CFO) of Grupo Aeroportuario de la Ciudad de Mexico (GACM) from 2015 through 2018 and worked as an advisor in infrastructure projects at the Ministry of Communications and Transportation (SCT) between 2012 and 2015. Previously, he worked in London for JP Morgan's investment banking division for emerging markets from 2007 through 2011. During 2005 he was advisor to the Mexican Delegation to the OECD in Paris and between 2002 and 2004 he worked as an analyst for the Central Bank of Mexico. He holds MBA from Harvard Business School and a MPA from Harvard Kennedy School.

CEO Compensation
  • Insufficient data for Ricardo to compare compensation growth.
  • Insufficient data for Ricardo to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Grupo Aeroportuario del Centro Norte. de management team in years:

1.8
Average Tenure
42
Average Age
  • The average tenure for the Grupo Aeroportuario del Centro Norte. de management team is less than 2 years, this suggests a new team.
Management Team

Ricardo Dueñas Espriu

TITLE
Chief Executive Officer
AGE
39
TENURE
1.3 yrs

Ruffo Pérez Pliego del Castillo

TITLE
Chief Financial Officer
AGE
42
TENURE
1.9 yrs

Luis Emmanuel Camacho Thierry

TITLE
Investor Relations Officer

Adriana Díaz Galindo

TITLE
General Counsel & Company Secretary
AGE
50
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Grupo Aeroportuario del Centro Norte. de board of directors in years:

3
Average Tenure
47.5
Average Age
  • The tenure for the Grupo Aeroportuario del Centro Norte. de board of directors is about average.
Board of Directors

Diego Quintana Kawage

TITLE
Chairman of the Board
AGE
49
TENURE
6.9 yrs

Alberto Felipe Mulás Alonso

TITLE
Independent Director
AGE
58
TENURE
13.4 yrs

Martin Wainfeld

TITLE
Independent Director
AGE
55
TENURE
1.9 yrs

Rodrigo Antonio Quintana Kawage

TITLE
Director
AGE
40
TENURE
3 yrs

Ricardo Maldonado Yáñez

TITLE
Independent Director
AGE
51
TENURE
3.9 yrs

Felipe Duarte Olvera

TITLE
Independent Director
AGE
44
TENURE
3.9 yrs

Guadalupe Phillips Margain

TITLE
Director
AGE
48
TENURE
3 yrs

Próspero Antonio Ortega Castro

TITLE
Director
AGE
47
TENURE
3 yrs

Christian Whamond

TITLE
Director
AGE
45
TENURE
1.9 yrs

Luis Ignacio-Solórzano Aizpuru

TITLE
Independent Director
AGE
46
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Grupo Aeroportuario del Centro Norte. de's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Grupo Aeroportuario del Centro Norte. de has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

G7A News

Simply Wall St News

G7A Company Info

Description

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities. It also operates NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services. Further, it offers non-aeronautical services that comprise leasing of space at its airports to retailers, restaurants, and other commercial tenants; complementary services, such as leasing of space to airlines, baggage-screening, permanent and non-permanent ground transportation, and access rights services; and diversification services, such as operation and lease of the industrial park and real estate services, as well as maintaining of parking facilities and advertising; and 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 incorporated in 1998 and is headquartered in San Pedro Garza García, Mexico.

Details
Name: Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
G7A
Exchange: DB
Founded: 1998
MX$1,162,809,378
391,300,815
Website: http://www.oma.aero
Address: Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.
Torre Latitud,
L.501, Piso 5,
San Pedro Garza García,
Nuevo Leon, 66269,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV OMA B Series B Class I Shares Bolsa Mexicana de Valores MX MXN 22. Dec 2006
OTCPK GAER.F Series B Class I Shares Pink Sheets LLC US USD 22. Dec 2006
DB G7AB Series B Class I Shares Deutsche Boerse AG DE EUR 22. Dec 2006
NasdaqGS OMAB SPON ADR EA REP 8 SER 'B' NPV Nasdaq Global Select US USD 29. Nov 2006
DB G7A SPON ADR EA REP 8 SER 'B' NPV Deutsche Boerse AG DE EUR 29. Nov 2006
Number of employees
Current staff
Staff numbers
1,000
Grupo Aeroportuario del Centro Norte. de employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:37
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.