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Chit Chat Stocks
I Bought The Highest Quality Stock In Mexico (And It Trades At 10x Earnings) Ticker: OMAB
Jan 29, 2025
Discover the intriguing investment potential of Grupo Aeroportuario del Centro Norte, a key player in Mexico's airport operations. The discussion covers impressive revenue streams, soaring operating margins, and the impact of passenger fees. Learn about the booming growth in Monterrey and the challenges facing Mexico City's airports. The hosts delve into local economic trends and provide valuable insights into this high-quality stock's return on investment and dividend prospects, all against the backdrop of evolving international travel demand.
56:24
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Quick takeaways
- Grupo Aeroportuario del Centro Norte (OMAB) operates under a long-term government concession, providing a strategic monopoly-like advantage in Mexico's airport sector.
- OMAB's strong financial performance, with operating margins around 70% and trading at 10x earnings, presents a compelling investment opportunity for value-oriented investors.
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Overview of Grupo Aeroportario del Centro Norte
Grupo Aeroportario del Centro Norte, also known as OMAB, is a major player in Mexico's airport operations, owning the management rights to 13 airports, with a strong emphasis on its hub in Monterrey, which accounts for about half of its traffic. The company operates under a long-term government concession that allows it to manage these airports until 2048, with the possibility of extending this agreement for an additional 50 years. OMAB's strategic position offers a monopoly-like advantage, making it appealing when compared to high valuations seen in the U.S. airport sector. The report indicates that since its public listing in 2006, OMAB has delivered impressive annual returns, reflecting its efficiency in generating revenue and managing airport traffic effectively.
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