GRUPO AEROPORTUARIO CEN-ADR (OMAB) Stock Fundamental Analysis
NASDAQ:OMAB - Nasdaq - US4005011022 - ADR - Currency: USD
Taking everything into account, OMAB scores 6 out of 10 in our fundamental rating. OMAB was compared to 7 industry peers in the Transportation Infrastructure industry. While OMAB belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. OMAB is not valued too expensively and it also shows a decent growth rate. OMAB also has an excellent dividend rating. With these ratings, OMAB could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year OMAB was profitable.
OMAB had a positive operating cash flow in the past year.
OMAB had positive earnings in each of the past 5 years.
Each year in the past 5 years OMAB had a positive operating cash flow.
1.2 Ratios
The Return On Assets of OMAB (18.37%) is better than 100.00% of its industry peers.
OMAB has a better Return On Equity (54.24%) than 100.00% of its industry peers.
OMAB has a Return On Invested Capital of 24.51%. This is amongst the best in the industry. OMAB outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.37% | ||
| ROE | 54.24% | ||
| ROIC | 24.51% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
OMAB has a Profit Margin of 34.04%. This is amongst the best in the industry. OMAB outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of OMAB has declined.
OMAB has a Operating Margin of 53.72%. This is amongst the best in the industry. OMAB outperforms 85.71% of its industry peers.
In the last couple of years the Operating Margin of OMAB has remained more or less at the same level.
OMAB's Gross Margin of 58.68% is in line compared to the rest of the industry. OMAB outperforms 57.14% of its industry peers.
OMAB's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.72% | ||
| PM (TTM) | 34.04% | ||
| GM | 58.68% |
OM growth 3Y4.4%
OM growth 5Y-1.19%
PM growth 3Y-0.07%
PM growth 5Y-2.84%
GM growth 3Y-6.65%
GM growth 5Y-5.97%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OMAB is still creating some value.
OMAB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 4.82 indicates that OMAB is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 4.82, 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 3.56. This is a good value and a sign of high solvency as OMAB would need 3.56 years to pay back of all of its debts.
The Debt to FCF ratio of OMAB (3.56) is comparable to the rest of the industry.
OMAB has a Debt/Equity ratio of 1.18. This is a high value indicating a heavy dependency on external financing.
OMAB has a Debt to Equity ratio (1.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 3.56 | ||
| Altman-Z | 4.82 |
ROIC/WACC1.57
WACC15.57%
2.3 Liquidity
OMAB has a Current Ratio of 1.08. This is a normal value and indicates that OMAB is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.08, OMAB is in line with its industry, outperforming 42.86% of the companies in the same industry.
A Quick Ratio of 1.08 indicates that OMAB should not have too much problems paying its short term obligations.
OMAB's Quick ratio of 1.08 is in line compared to the rest of the industry. OMAB outperforms 42.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
OMAB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.62%.
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 4.26% in the last year.
Measured over the past years, OMAB shows a quite strong growth in Revenue. The Revenue has been growing by 12.07% on average per year.
EPS 1Y (TTM)-1.62%
EPS 3Y20.13%
EPS 5Y9.25%
EPS Q2Q%-5.25%
Revenue 1Y (TTM)4.26%
Revenue growth 3Y20.01%
Revenue growth 5Y12.07%
Sales Q2Q%10.94%
3.2 Future
OMAB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.49% yearly.
The Revenue is expected to grow by 6.16% on average over the next years.
EPS Next Y14.13%
EPS Next 2Y18.72%
EPS Next 3Y17.7%
EPS Next 5Y12.49%
Revenue Next Year7.69%
Revenue Next 2Y10.59%
Revenue Next 3Y8.18%
Revenue Next 5Y6.16%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.30, the valuation of OMAB can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of OMAB is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.79, OMAB is valued a bit cheaper.
The Price/Forward Earnings ratio is 15.16, which indicates a correct valuation of OMAB.
The rest of the industry has a similar Price/Forward Earnings ratio as OMAB.
OMAB's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.3 | ||
| Fwd PE | 15.16 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of OMAB is on the same level as its industry peers.
OMAB's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.92 | ||
| EV/EBITDA | 10.78 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
OMAB has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as OMAB's earnings are expected to grow with 17.70% in the coming years.
PEG (NY)1.22
PEG (5Y)1.87
EPS Next 2Y18.72%
EPS Next 3Y17.7%
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 2.51, OMAB pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.81% |
5.2 History
The dividend of OMAB is nicely growing with an annual growth rate of 18.87%!
OMAB has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)18.87%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
42.13% of the earnings are spent on dividend by OMAB. This is a bit on the high side, but may be sustainable.
The dividend of OMAB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP42.13%
EPS Next 2Y18.72%
EPS Next 3Y17.7%
90.13
-0.02 (-0.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryTransportation Infrastructure
Earnings (Last)
Earnings (Next)
Inst Owners30.32%
Inst Owner Change-0.4%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.35B
Analysts71
Price Target80.52 (-10.66%)
Short Float %0.54%
Short Ratio2.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.81% |
Yearly Dividend3.95
Dividend Growth(5Y)18.87%
DP42.13%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.96%
Min EPS beat(2)2.92%
Max EPS beat(2)11.01%
EPS beat(4)3
Avg EPS beat(4)4.52%
Min EPS beat(4)-1.33%
Max EPS beat(4)11.01%
EPS beat(8)6
Avg EPS beat(8)3.73%
EPS beat(12)8
Avg EPS beat(12)3.55%
EPS beat(16)11
Avg EPS beat(16)2.07%
Revenue beat(2)2
Avg Revenue beat(2)5.8%
Min Revenue beat(2)4.6%
Max Revenue beat(2)7%
Revenue beat(4)4
Avg Revenue beat(4)10.72%
Min Revenue beat(4)4.6%
Max Revenue beat(4)20.55%
Revenue beat(8)8
Avg Revenue beat(8)10.96%
Revenue beat(12)10
Avg Revenue beat(12)6.14%
Revenue beat(16)13
Avg Revenue beat(16)6.64%
PT rev (1m)1.73%
PT rev (3m)8.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.74%
EPS NY rev (1m)3.23%
EPS NY rev (3m)3.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.3 | ||
| Fwd PE | 15.16 | ||
| P/S | 5.81 | ||
| P/FCF | 27.92 | ||
| P/OCF | 13.95 | ||
| P/B | 9.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.78 |
EPS(TTM)5.21
EY5.78%
EPS(NY)5.95
Fwd EY6.6%
FCF(TTM)3.23
FCFY3.58%
OCF(TTM)6.46
OCFY7.17%
SpS15.51
BVpS9.73
TBVpS-9.37
PEG (NY)1.22
PEG (5Y)1.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.37% | ||
| ROE | 54.24% | ||
| ROCE | 34.78% | ||
| ROIC | 24.51% | ||
| ROICexc | 28.06% | ||
| ROICexgc | 321.66% | ||
| OM | 53.72% | ||
| PM (TTM) | 34.04% | ||
| GM | 58.68% | ||
| FCFM | 20.82% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y4.4%
OM growth 5Y-1.19%
PM growth 3Y-0.07%
PM growth 5Y-2.84%
GM growth 3Y-6.65%
GM growth 5Y-5.97%
F-Score4
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 3.56 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 420.07% | ||
| Cap/Sales | 20.83% | ||
| Interest Coverage | 7.03 | ||
| Cash Conversion | 70.98% | ||
| Profit Quality | 61.15% | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | 4.82 |
F-Score4
WACC15.57%
ROIC/WACC1.57
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)-1.62%
EPS 3Y20.13%
EPS 5Y9.25%
EPS Q2Q%-5.25%
EPS Next Y14.13%
EPS Next 2Y18.72%
EPS Next 3Y17.7%
EPS Next 5Y12.49%
Revenue 1Y (TTM)4.26%
Revenue growth 3Y20.01%
Revenue growth 5Y12.07%
Sales Q2Q%10.94%
Revenue Next Year7.69%
Revenue Next 2Y10.59%
Revenue Next 3Y8.18%
Revenue Next 5Y6.16%
EBIT growth 1Y0.67%
EBIT growth 3Y25.3%
EBIT growth 5Y10.74%
EBIT Next Year24.3%
EBIT Next 3Y20.27%
EBIT Next 5Y12.74%
FCF growth 1Y4.33%
FCF growth 3Y11.24%
FCF growth 5Y6.16%
OCF growth 1Y-0.12%
OCF growth 3Y11.7%
OCF growth 5Y10.77%