Investors interested in stocks from the Transportation - Services sector have probably already heard of Grupo Aeroportuario del Centro Norte (OMAB) and Expeditors International (EXPD). But which of these two companies is the best option for those looking for undervalued stocks?
Grupo Aeroportuario del Centro Norte NASDAQ: OMAB reported second-quarter 2026 passenger traffic of 7.2 million, up 0.4% from a year earlier, as growth in domestic travel offset a decline in international traffic. The airport operator said adjusted EBITDA rose 6.2% to MXN 2.7 billion, while consolidated net income increased 10.2% to MXN 1.5 billion.
Grupo Aeroportuario del Centro Norte (OMAB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Grupo Aeroportuario del Centro Norte is my current favorite among the Mexican airport operators. OMAB continues to benefit from nearshoring trends favoring its business-focused airports. The company is on pace for a solid 2026, and the valuation is undemanding at the current entry point.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q4 2025 Earnings Call Transcript
Here is how Grupo Aeroportuario del Centro Norte (OMAB) and Southwest Airlines (LUV) have performed compared to their sector so far this year.
Here is how Grupo Aeroportuario del Centro Norte (OMAB) and ZTO Express (Cayman) Inc. (ZTO) have performed compared to their sector so far this year.
Passenger traffic rose 7.7% YoY to 7.6 million, led by Monterrey's 14% growth and new international routes, confirming Grupo Aeroportuario del Centro Norte's position as Mexico's most dynamic hub. Adjusted EBITDA increased 9% YoY to MX$2.65 B with a 74.8% margin (77.9% ex-tax), showing its remarkable ability to turn revenue into sustainable cash flow. Net income grew 9.1% YoY while operating cash flow rose 10.7%, lifting cash reserves to MX$4.45 B and supporting continued investment without adding leverage.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q3 2025 Earnings Call October 24, 2025 12:00 PM EDT Company Participants Emmanuel Camacho - Investor Relations Officer Ricardo Duenas - Chief Executive Officer Ruffo Pérez del Castillo - Chief Financial Officer Conference Call Participants Pablo Ricalde Martinez - Itaú Corretora de Valores S.A.
Grupo Aeroportuario del Centro Norte remains my top pick among Mexican airport operators, thanks to its strong business mix and exposure to industrial hubs like Monterrey. The reshoring trend and Mexico's manufacturing boom, especially in Monterrey, are fueling robust traffic and non-aeronautical revenue growth for OMAB. Despite a 40% stock price run-up, the company is still reasonably valued, with solid EBITDA growth and a compelling dividend policy supporting long-term returns.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q2 2025 Earnings Conference Call July 29, 2025 10:00 AM ET Company Participants Luis Emmanuel Camacho Thierry - Investor Relations Officer Ricardo Duenas Espriu - Chief Executive Officer Ruffo Perez Pliego del Castillo - Chief Financial Officer Conference Call Participants Alan Macias - BofA Securities, Research Division Alberto Valerio - UBS Investment Bank, Research Division Federico Galassi - Unidentified Company TRG Management LP - Unidentified Company Gabriel Himelfarb Mustri - Scotiabank Global Banking and Markets, Research Division Guilherme G.
Strategic airport network in Mexico's north, led by Monterrey, positioned to benefit from nearshoring and logistics growth. Dual revenue model ensures stability, with strong growth in non-aeronautical income. Exceptional margins and cash flow, with EBITDA margin near 75% and solid free cash generation.