GRUPO AEROPORTUARIO CEN-ADR (OMAB) Stock Fundamental Analysis
NASDAQ:OMAB - Nasdaq - US4005011022 - ADR - Currency: USD
We assign a fundamental rating of 7 out of 10 to OMAB. OMAB was compared to 7 industry peers in the Transportation Infrastructure industry. OMAB gets an excellent profitability rating and is at the same time showing great financial health properties. OMAB is not valued too expensively and it also shows a decent growth rate. This makes OMAB very considerable for quality investing!
1. Profitability
1.1 Basic Checks
OMAB had positive earnings in the past year.
OMAB had a positive operating cash flow in the past year.
OMAB had positive earnings in each of the past 5 years.
In the past 5 years OMAB always reported a positive cash flow from operatings.
1.2 Ratios
OMAB's Return On Assets of 18.08% is amongst the best of the industry. OMAB outperforms 100.00% of its industry peers.
The Return On Equity of OMAB (44.02%) is better than 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 23.22%, OMAB belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for OMAB is significantly above the industry average of 14.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.08% | ||
| ROE | 44.02% | ||
| ROIC | 23.22% |
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
OMAB's Profit Margin of 34.50% is amongst the best of the industry. OMAB outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of OMAB has declined.
With an excellent Operating Margin value of 56.44%, 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 Operating Margin of OMAB has remained more or less at the same level.
Looking at the Gross Margin, with a value of 75.20%, OMAB is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
In the last couple of years the Gross Margin of OMAB has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.44% | ||
| PM (TTM) | 34.5% | ||
| GM | 75.2% |
OM growth 3Y4.4%
OM growth 5Y-1.19%
PM growth 3Y-0.07%
PM growth 5Y-2.84%
GM growth 3Y0.46%
GM growth 5Y-1.74%
2. Health
2.1 Basic Checks
OMAB has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, OMAB has about the same amount of shares outstanding.
Compared to 5 years ago, OMAB has less shares outstanding
OMAB has a better debt/assets ratio than last year.
2.2 Solvency
OMAB has an Altman-Z score of 5.56. This indicates that OMAB is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 5.56, OMAB belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
OMAB has a debt to FCF ratio of 3.35. This is a good value and a sign of high solvency as OMAB would need 3.35 years to pay back of all of its debts.
The Debt to FCF ratio of OMAB (3.35) is better than 85.71% of its industry peers.
OMAB has a Debt/Equity ratio of 0.93. This is a neutral value indicating OMAB is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.93, OMAB perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 3.35 | ||
| Altman-Z | 5.56 |
ROIC/WACC2.05
WACC11.32%
2.3 Liquidity
OMAB has a Current Ratio of 1.77. This is a normal value and indicates that OMAB is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.77, OMAB perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
A Quick Ratio of 1.77 indicates that OMAB should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.77, OMAB perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
OMAB does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
OMAB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.54%.
OMAB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.25% yearly.
The Revenue has decreased by -0.71% in the past year.
OMAB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.07% yearly.
EPS 1Y (TTM)2.54%
EPS 3Y20.13%
EPS 5Y9.25%
EPS Q2Q%19.35%
Revenue 1Y (TTM)-0.71%
Revenue growth 3Y20.01%
Revenue growth 5Y12.07%
Sales Q2Q%-4.96%
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 12.49% on average per year.
OMAB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.22% yearly.
EPS Next Y14.13%
EPS Next 2Y18.72%
EPS Next 3Y17.7%
EPS Next 5Y12.49%
Revenue Next Year13.76%
Revenue Next 2Y13.3%
Revenue Next 3Y12.03%
Revenue Next 5Y10.22%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
OMAB is valuated rather expensively with a Price/Earnings ratio of 18.71.
71.43% of the companies in the same industry are more expensive than OMAB, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.15. OMAB is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 13.85, the valuation of OMAB can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of OMAB indicates a somewhat cheap valuation: OMAB is cheaper than 71.43% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.60. OMAB is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.71 | ||
| Fwd PE | 13.85 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as OMAB.
OMAB's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.46 | ||
| EV/EBITDA | 11.18 |
4.3 Compensation for Growth
OMAB's 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 17.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.32
PEG (5Y)2.02
EPS Next 2Y18.72%
EPS Next 3Y17.7%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.81%, OMAB is a good candidate for dividend investing.
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.
OMAB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| 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
OMAB pays out 82.17% of its income as dividend. 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.
DP82.17%
EPS Next 2Y18.72%
EPS Next 3Y17.7%
105.5
+1.01 (+0.97%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners25.41%
Inst Owner Change5.64%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.09B
Analysts71.43
Price Target102.32 (-3.01%)
Short Float %0.53%
Short Ratio2.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.81% |
Yearly Dividend4.63
Dividend Growth(5Y)21.9%
DP82.17%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.93%
Min EPS beat(2)-11.79%
Max EPS beat(2)-0.07%
EPS beat(4)2
Avg EPS beat(4)0.52%
Min EPS beat(4)-11.79%
Max EPS beat(4)11.01%
EPS beat(8)4
Avg EPS beat(8)0.95%
EPS beat(12)7
Avg EPS beat(12)0.97%
EPS beat(16)10
Avg EPS beat(16)2.99%
Revenue beat(2)1
Avg Revenue beat(2)3.46%
Min Revenue beat(2)-2.06%
Max Revenue beat(2)8.98%
Revenue beat(4)3
Avg Revenue beat(4)4.63%
Min Revenue beat(4)-2.06%
Max Revenue beat(4)8.98%
Revenue beat(8)7
Avg Revenue beat(8)8.85%
Revenue beat(12)11
Avg Revenue beat(12)8.25%
Revenue beat(16)12
Avg Revenue beat(16)5.27%
PT rev (1m)14.26%
PT rev (3m)22.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.96%
EPS NY rev (1m)0%
EPS NY rev (3m)1.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.71 | ||
| Fwd PE | 13.85 | ||
| P/S | 6.45 | ||
| P/FCF | 28.46 | ||
| P/OCF | 14.95 | ||
| P/B | 8.23 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.18 |
EPS(TTM)5.64
EY5.35%
EPS(NY)7.62
Fwd EY7.22%
FCF(TTM)3.71
FCFY3.51%
OCF(TTM)7.05
OCFY6.69%
SpS16.35
BVpS12.82
TBVpS-8.02
PEG (NY)1.32
PEG (5Y)2.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.08% | ||
| ROE | 44.02% | ||
| ROCE | 32.95% | ||
| ROIC | 23.22% | ||
| ROICexc | 26.31% | ||
| ROICexgc | 167.84% | ||
| OM | 56.44% | ||
| PM (TTM) | 34.5% | ||
| GM | 75.2% | ||
| FCFM | 22.67% |
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 3Y0.46%
GM growth 5Y-1.74%
F-Score5
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 3.35 | ||
| Debt/EBITDA | 1.18 | ||
| Cap/Depr | 387.93% | ||
| Cap/Sales | 20.47% | ||
| Interest Coverage | 7.17 | ||
| Cash Conversion | 69.92% | ||
| Profit Quality | 65.71% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 5.56 |
F-Score5
WACC11.32%
ROIC/WACC2.05
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)2.54%
EPS 3Y20.13%
EPS 5Y9.25%
EPS Q2Q%19.35%
EPS Next Y14.13%
EPS Next 2Y18.72%
EPS Next 3Y17.7%
EPS Next 5Y12.49%
Revenue 1Y (TTM)-0.71%
Revenue growth 3Y20.01%
Revenue growth 5Y12.07%
Sales Q2Q%-4.96%
Revenue Next Year13.76%
Revenue Next 2Y13.3%
Revenue Next 3Y12.03%
Revenue Next 5Y10.22%
EBIT growth 1Y3.63%
EBIT growth 3Y25.3%
EBIT growth 5Y10.74%
EBIT Next Year29.75%
EBIT Next 3Y19.43%
EBIT Next 5Y12.74%
FCF growth 1Y50.07%
FCF growth 3Y11.24%
FCF growth 5Y6.16%
OCF growth 1Y15.85%
OCF growth 3Y11.7%
OCF growth 5Y10.77%