Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. logo OMAB - Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 3
SELL 2
STRONG
SELL
0
| PRICE TARGET: $127.00 DETAILS
HIGH: $134.00
LOW: $120.00
MEDIAN: $127.00
CONSENSUS: $127.00
UPSIDE: 23.06%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 57.4% below fair value
Current Price $103.20
Bear Case $148.90 44.3% upside ($148.90 - $103.20) / $103.20 = 44.3% 9% stage 1 growth, 11% discount
Fair Value $242.31 134.8% upside ($242.31 - $103.20) / $103.20 = 134.8% 15% stage 1 growth, 11% discount
Bull Case $347.22 236.4% upside ($347.22 - $103.20) / $103.20 = 236.4% 20% stage 1 growth, 11% discount

Adjust Assumptions

15.3%
11.0%
3.0%

Key Value Driver

FCF growth rate (15% base case)

Terminal Value % of EV 43%
Implied Market Multiple 13.1x

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $127.00 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $242.31 per share.

Warnings

Wall Street's average price target is $127.00 (from 13 analysts). Our estimate is 113% above the consensus -- consider that gap carefully.
Financial statements were converted from MXN into USD using USDMXN at 0.0578 USD per MXN.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions