Central North Airport Group
In the published model solve dated 2026-Q2, anchored at $109.59, Central North Airport Group (OMAB) is priced for +3.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
OMA runs 13 airports across central and northern Mexico under federal concessions, and the economics show it: operating margin around 52.6%, an adjusted EBITDA margin above 73%, and return on invested capital near 28%. This is a regulated near-monopoly, not a competitive business. The balance sheet is conservative for an asset this cash-generative. Net debt sits near MXN 550 million against roughly MXN 1.38 billion of trailing operating income, leverage around 0.4x, with interest coverage near
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166 institutional managers reported holding OMAB in 13F filings for the quarter ended 2026-03-31. Together they hold about 1% of the company; the top 10 hold 1%. 27 opened new positions that quarter. Held by BlackRock, Nuveen, State Street, among others. On the short side, 199k shares were sold short as of the 2026-06-15 count, about 0.1% of shares outstanding (2.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OMAB has cut its share count 0.6% over the past five years. It pays a dividend. Cash returned over the past three years: $423.99M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.