Stocks OMAB Financial statements
Financial statementsCentral North Airport Group financial statements
Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Central North Airport Group files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 361 | 402 | 452 | 270 | 426 | 613 | 854 | 725 |
| General and administrative | 29.8 | 28.6 | 28.8 | 26 | 28.7 | 34.3 | 39.1 | 37.4 |
| Operating income | 164 | 210 | 257 | 86.5 | 201 | 311 | 477 | 389 |
| Pre-tax income | 150 | 203 | 244 | 75 | 187 | 272 | 417 | 340 |
| Income tax | 41.2 | 57.1 | 72.7 | 19.8 | 47.5 | 70.6 | 121 | 103 |
| Net income to minority interests | 0.5 | 0.63 | 0.41 | 0.18 | 0.31 | 0.84 | 0.51 | 0.36 |
| Net income | 108 | 145 | 171 | 55 | 140 | 200 | 296 | 237 |
| EBITDA | 179 | 228 | 279 | 108 | 225 | 340 | 515 | 425 |
| EPS, basic | 0.27 | 0.37 | 0.43 | 0.14 | 0.36 | 0.52 | 0.77 | 0.61 |
| EPS, diluted | 0.27 | 0.37 | 0.43 | 0.14 | 0.36 | 0.52 | 0.77 | 0.61 |
Balance sheet
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 119 | 157 | 172 | 145 | 307 | 197 | 124 | 79.7 |
| Total current assets | 177 | 201 | 255 | 238 | 380 | 287 | 290 | 207 |
| Property, plant and equipment | 132 | 136 | 140 | 136 | 133 | 132 | 169 | 150 |
| Lease right-of-use assets | 11.2 | 8.95 | 9.63 | 8.47 | 8.83 | 6.08 | ||
| Intangible assets | 388 | 436 | 491 | 514 | 571 | 716 | 971 | 900 |
| Total assets | 720 | 793 | 915 | 914 | 1,118 | 1,185 | 1,492 | 1,310 |
| Accounts payable | 13 | 11 | 10.4 | 10.2 | 10.4 | 16.8 | 22.8 | 29.4 |
| Short-term debt | 132 | 61.6 | 28.9 | |||||
| Total current liabilities | 56 | 62.3 | 65.5 | 212 | 240 | 270 | 146 | 157 |
| Total liabilities | 353 | 360 | 392 | 370 | 569 | 745 | 910 | 803 |
| Retained earnings | 268 | 332 | 430 | 443 | 474 | 335 | 463 | 411 |
| Shareholders' equity | 358 | 425 | 515 | 535 | 540 | 430 | 572 | 500 |
| Minority interests | 8.08 | 8.38 | 9.13 | 8.84 | 8.91 | 9.52 | 9.93 | 7.67 |
| Total equity | 366 | 433 | 524 | 544 | 549 | 439 | 582 | 507 |
| Total liabilities and equity | 720 | 793 | 915 | 914 | 1,118 | 1,185 | 1,492 | 1,310 |
Cash flow statement
| FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|
| Net income | 108 | 146 | 171 | 55.1 | 140 | 201 | 297 | 237 |
| Depreciation and amortization | 15.2 | 17.9 | 22 | 21.9 | 23.8 | 28.3 | 37.9 | 36.4 |
| Cash from operations | 148 | 189 | 197 | 65.5 | 217 | 256 | 374 | 298 |
| Capital expenditures | -11.2 | -10.7 | -3.03 | -7.94 | -4.95 | -12.1 | -23.9 | -15.5 |
| Cash from investing | -78.2 | -55.4 | -50.5 | -66.5 | -87.7 | -141 | -165 | -121 |
| Debt repaid | -2.59 | -2.52 | -2.16 | -2.14 | -0.68 | -139 | -70.9 | |
| Dividends paid | -79.8 | -0.44 | -84.7 | -96.7 | -340 | -221 | -203 | |
| Cash from financing | -100 | -98.7 | -119 | -26.6 | 14.3 | -250 | -254 | -224 |
| Exchange rate effect | -3.66 | -2.78 | -2.48 | 3.96 | 4.11 | -0.29 | -0.05 | 2.76 |
| Free cash flow | 137 | 178 | 194 | 57.5 | 212 | 244 | 351 | 283 |
| Income taxes paid | 42.1 | 50.6 | 70.2 | 37.6 | 24 | 88.4 | 142 | 101 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Operating margin | 53.6% | Operating income / revenue. |
| EBITDA margin | 58.6% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | 46.9% | Pre-tax income / revenue. |
| Net margin | 32.7% | Net income / revenue. |
| FCF margin | 39.0% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 41.1% | Cash from operations / revenue. |
| Effective tax rate | 30.2% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 44.3% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 16.9% | Net income / average total assets. |
| Return on invested capital (ROIC) | 62.6% | Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%. |
| Capex / revenue | 2.1% | Capital expenditures / revenue. |
| D&A / revenue | 5.0% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | -15.1% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 19.4% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 9.9% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | -18.4% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | 24.6% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating income CAGR, 5y | 8.6% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | -17.4% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | 23.7% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 8.8% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | -20.0% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 19.3% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 6.8% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | -20.0% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 19.6% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 7.2% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | -20.4% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 11.1% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 8.6% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | -19.4% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 3y | 10.0% | Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Free cash flow CAGR, 5y | 7.8% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | -12.6% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -2.6% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | -0.6% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -12.2% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 5.4% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 7.4% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 1.31x | Current assets / current liabilities. |
| Quick ratio | 0.51x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.51x | (Cash + short-term investments) / current liabilities. |
| Liabilities / assets | 61.3% | Total liabilities / total assets. |
| Working capital | $49.3M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 68.7% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$400.8M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.52x | Revenue / average total assets. |
| Fixed asset turnover | 4.56x | Revenue / average property, plant and equipment. |
| FCF conversion | 119.2% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 5.2% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $0.61 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| EPS, basic | $0.61 | Net income per basic share, as reported (split-adjusted). |
| Payout ratio | 85.6% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 71.8% | Dividends paid / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $4.92B | Share price x shares outstanding. |
| Enterprise value | $4.84B | Market cap + total debt - cash - short-term investments. |
| P/E | 20.7x | Market cap / net income. Only when net income is positive. |
| P/S | 6.78x | Market cap / revenue. |
| P/B | 9.84x | Market cap / shareholders' equity. Only when equity is positive. |
| P/FCF | 17.4x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 16.5x | Market cap / cash from operations, when positive. |
| EV/Sales | 6.67x | Enterprise value / revenue. |
| EV/EBIT | 12.4x | Enterprise value / operating income, when both are positive. |
| EV/EBITDA | 11.4x | Enterprise value / EBITDA, when both are positive. |
| EV/FCF | 17.1x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 5.7% | Free cash flow / market cap. |
| Earnings yield | 4.8% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 4.1% | Dividends paid over the period / market cap. |
| Shareholder yield | 4.1% | (Dividends paid + share buybacks) / market cap. |
| PEG | 1.06x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
What was Central North Airport Group's revenue in fiscal 2024?
Central North Airport Group reported revenue of $725.1M for fiscal 2024, 15.1% lower than the year before.
Was Central North Airport Group profitable in fiscal 2024?
Yes. Net income was $237.1M, a net margin of 32.7%.
How much free cash flow did Central North Airport Group generate in fiscal 2024?
Cash from operations of $298.1M minus capital expenditures of $15.5M left free cash flow of $282.7M.