XMEXOMAB
Market cap3.48bUSD
Dec 20, Last price
182.07MXN
1D
0.23%
1Q
3.66%
Jan 2017
103.70%
IPO
614.08%
Name
Grupo Aeroportuario del Centro Norte SAB de CV
Chart & Performance
Profile
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as 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 founded in 1998 and is headquartered in Mexico City, Mexico.
Valuation
Title MXN in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 14,457,080 21.13% | 11,934,768 36.87% | 8,720,010 62.46% | |||||||
Cost of revenue | 5,608,143 | 5,263,938 | 4,157,435 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 8,848,937 | 6,670,830 | 4,562,575 | |||||||
NOPBT Margin | 61.21% | 55.89% | 52.32% | |||||||
Operating Taxes | 2,039,442 | 1,375,520 | 972,179 | |||||||
Tax Rate | 23.05% | 20.62% | 21.31% | |||||||
NOPAT | 6,809,495 | 5,295,310 | 3,590,396 | |||||||
Net income | 5,011,842 28.48% | 3,900,967 36.53% | 2,857,265 161.09% | |||||||
Dividends | (3,738,054) | (6,615,798) | (1,979,790) | |||||||
Dividend yield | 37.73% | 11.43% | 3.73% | |||||||
Proceeds from repurchase of equity | 5,360,824 | |||||||||
BB yield | -10.10% | |||||||||
Debt | ||||||||||
Debt current | 44,928 | 2,733,446 | 2,729,332 | |||||||
Long-term debt | 11,029,468 | 7,867,300 | 5,416,762 | |||||||
Deferred revenue | 1,632,656 | 1,178,144 | ||||||||
Other long-term liabilities | 404,202 | 1,540,574 | 342,120 | |||||||
Net debt | 8,498,140 | 7,264,326 | 2,158,930 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 6,334,747 | 4,985,336 | 4,446,845 | |||||||
CAPEX | (403,985) | (2,905,486) | (1,925,890) | |||||||
Cash from investing activities | (2,791,722) | (2,754,759) | (1,794,892) | |||||||
Cash from financing activities | (4,302,392) | (4,875,774) | 292,269 | |||||||
FCF | 6,224,991 | 5,485,638 | 4,134,200 | |||||||
Balance | ||||||||||
Cash | 2,576,256 | 3,336,420 | 5,987,164 | |||||||
Long term investments | ||||||||||
Excess cash | 1,853,402 | 2,739,682 | 5,551,164 | |||||||
Stockholders' equity | 9,808,716 | 8,524,834 | 11,208,446 | |||||||
Invested Capital | 20,897,510 | 16,790,444 | 14,130,836 | |||||||
ROIC | 36.14% | 34.25% | 25.70% | |||||||
ROCE | 38.80% | 34.06% | 23.14% | |||||||
EV | ||||||||||
Common stock shares outstanding | 55,167 | 386,169 | 386,169 | |||||||
Price | 179.59 19.87% | 149.82 8.95% | 137.51 7.10% | |||||||
Market cap | 9,907,452 -82.88% | 57,855,903 8.95% | 53,102,158 6.02% | |||||||
EV | 18,573,635 | 65,305,638 | 55,443,359 | |||||||
EBITDA | 9,490,280 | 7,222,030 | 5,049,805 | |||||||
EV/EBITDA | 1.96 | 9.04 | 10.98 | |||||||
Interest | 1,269,440 | 934,102 | 516,676 | |||||||
Interest/NOPBT | 14.35% | 14.00% | 11.32% |