Intrinsic value of Grupo Aeroportuario del Centro Norte ADR - OMAB

Previous Close

$38.11

  Intrinsic Value

$241.81

stock screener

  Rating & Target

str. buy

+534%

Previous close

$38.11

 
Intrinsic value

$241.81

 
Up/down potential

+534%

 
Rating

str. buy

We calculate the intrinsic value of OMAB stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  35.40
  32.36
  29.62
  27.16
  24.95
  22.95
  21.16
  19.54
  18.09
  16.78
  15.60
  14.54
  13.59
  12.73
  11.95
  11.26
  10.63
  10.07
  9.56
  9.11
  8.70
  8.33
  7.99
  7.69
  7.42
  7.18
  6.96
  6.77
  6.59
  6.43
Revenue, $m
  491
  650
  842
  1,071
  1,338
  1,645
  1,993
  2,382
  2,813
  3,285
  3,798
  4,350
  4,941
  5,570
  6,235
  6,938
  7,675
  8,448
  9,256
  10,099
  10,977
  11,891
  12,842
  13,830
  14,857
  15,924
  17,033
  18,185
  19,384
  20,631
Variable operating expenses, $m
  244
  323
  418
  532
  665
  818
  990
  1,184
  1,398
  1,633
  1,887
  2,162
  2,456
  2,768
  3,099
  3,448
  3,815
  4,199
  4,600
  5,019
  5,456
  5,910
  6,382
  6,873
  7,384
  7,914
  8,465
  9,038
  9,634
  10,253
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  244
  323
  418
  532
  665
  818
  990
  1,184
  1,398
  1,633
  1,887
  2,162
  2,456
  2,768
  3,099
  3,448
  3,815
  4,199
  4,600
  5,019
  5,456
  5,910
  6,382
  6,873
  7,384
  7,914
  8,465
  9,038
  9,634
  10,253
Operating income, $m
  247
  327
  424
  539
  673
  827
  1,002
  1,198
  1,415
  1,652
  1,910
  2,188
  2,485
  2,802
  3,136
  3,490
  3,861
  4,249
  4,656
  5,080
  5,521
  5,981
  6,459
  6,956
  7,473
  8,010
  8,567
  9,147
  9,750
  10,377
EBITDA, $m
  268
  354
  459
  584
  729
  897
  1,087
  1,299
  1,534
  1,791
  2,070
  2,372
  2,694
  3,037
  3,400
  3,782
  4,184
  4,606
  5,046
  5,506
  5,985
  6,483
  7,001
  7,540
  8,100
  8,681
  9,286
  9,914
  10,568
  11,248
Interest expense (income), $m
  16
  18
  28
  41
  56
  73
  94
  118
  145
  175
  209
  245
  285
  328
  374
  422
  474
  528
  586
  646
  708
  774
  842
  913
  987
  1,063
  1,143
  1,226
  1,312
  1,401
  1,494
Earnings before tax, $m
  228
  298
  383
  483
  600
  733
  885
  1,053
  1,240
  1,444
  1,665
  1,903
  2,157
  2,428
  2,714
  3,016
  3,332
  3,664
  4,010
  4,371
  4,748
  5,139
  5,547
  5,970
  6,410
  6,867
  7,342
  7,836
  8,349
  8,883
Tax expense, $m
  62
  81
  103
  130
  162
  198
  239
  284
  335
  390
  450
  514
  583
  656
  733
  814
  900
  989
  1,083
  1,180
  1,282
  1,388
  1,498
  1,612
  1,731
  1,854
  1,982
  2,116
  2,254
  2,398
Net income, $m
  167
  218
  279
  353
  438
  535
  646
  769
  905
  1,054
  1,216
  1,389
  1,575
  1,772
  1,981
  2,201
  2,432
  2,674
  2,927
  3,191
  3,466
  3,752
  4,049
  4,358
  4,679
  5,013
  5,359
  5,720
  6,095
  6,485

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  887
  1,175
  1,523
  1,936
  2,419
  2,975
  3,604
  4,308
  5,087
  5,941
  6,867
  7,866
  8,935
  10,072
  11,276
  12,545
  13,879
  15,277
  16,738
  18,262
  19,850
  21,503
  23,222
  25,008
  26,865
  28,795
  30,800
  32,885
  35,052
  37,307
Adjusted assets (=assets-cash), $m
  887
  1,175
  1,523
  1,936
  2,419
  2,975
  3,604
  4,308
  5,087
  5,941
  6,867
  7,866
  8,935
  10,072
  11,276
  12,545
  13,879
  15,277
  16,738
  18,262
  19,850
  21,503
  23,222
  25,008
  26,865
  28,795
  30,800
  32,885
  35,052
  37,307
Revenue / Adjusted assets
  0.554
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
Average production assets, $m
  170
  225
  291
  370
  463
  569
  690
  824
  973
  1,137
  1,314
  1,505
  1,710
  1,927
  2,157
  2,400
  2,656
  2,923
  3,203
  3,494
  3,798
  4,114
  4,443
  4,785
  5,140
  5,510
  5,893
  6,292
  6,707
  7,138
Working capital, $m
  4
  6
  8
  10
  12
  15
  18
  21
  25
  30
  34
  39
  44
  50
  56
  62
  69
  76
  83
  91
  99
  107
  116
  124
  134
  143
  153
  164
  174
  186
Total debt, $m
  364
  522
  713
  941
  1,206
  1,512
  1,858
  2,245
  2,674
  3,143
  3,653
  4,202
  4,790
  5,415
  6,077
  6,775
  7,509
  8,278
  9,081
  9,920
  10,793
  11,702
  12,648
  13,630
  14,652
  15,713
  16,816
  17,962
  19,154
  20,394
Total liabilities, $m
  488
  646
  837
  1,065
  1,331
  1,636
  1,982
  2,369
  2,798
  3,267
  3,777
  4,326
  4,914
  5,539
  6,202
  6,900
  7,634
  8,402
  9,206
  10,044
  10,918
  11,827
  12,772
  13,755
  14,776
  15,837
  16,940
  18,087
  19,279
  20,519
Total equity, $m
  399
  529
  685
  871
  1,089
  1,339
  1,622
  1,939
  2,289
  2,673
  3,090
  3,540
  4,021
  4,532
  5,074
  5,645
  6,246
  6,875
  7,532
  8,218
  8,933
  9,676
  10,450
  11,254
  12,089
  12,958
  13,860
  14,798
  15,773
  16,788
Total liabilities and equity, $m
  887
  1,175
  1,522
  1,936
  2,420
  2,975
  3,604
  4,308
  5,087
  5,940
  6,867
  7,866
  8,935
  10,071
  11,276
  12,545
  13,880
  15,277
  16,738
  18,262
  19,851
  21,503
  23,222
  25,009
  26,865
  28,795
  30,800
  32,885
  35,052
  37,307
Debt-to-equity ratio
  0.910
  0.990
  1.040
  1.080
  1.110
  1.130
  1.150
  1.160
  1.170
  1.180
  1.180
  1.190
  1.190
  1.190
  1.200
  1.200
  1.200
  1.200
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
Adjusted equity ratio
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450
  0.450

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  167
  218
  279
  353
  438
  535
  646
  769
  905
  1,054
  1,216
  1,389
  1,575
  1,772
  1,981
  2,201
  2,432
  2,674
  2,927
  3,191
  3,466
  3,752
  4,049
  4,358
  4,679
  5,013
  5,359
  5,720
  6,095
  6,485
Depreciation, amort., depletion, $m
  21
  27
  36
  45
  56
  69
  84
  101
  119
  139
  160
  184
  208
  235
  263
  293
  324
  356
  391
  426
  463
  502
  542
  584
  627
  672
  719
  767
  818
  871
Funds from operations, $m
  188
  245
  315
  398
  494
  605
  730
  870
  1,024
  1,193
  1,376
  1,573
  1,783
  2,007
  2,244
  2,494
  2,756
  3,031
  3,318
  3,617
  3,929
  4,253
  4,591
  4,942
  5,306
  5,685
  6,078
  6,487
  6,913
  7,355
Change in working capital, $m
  1
  1
  2
  2
  2
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  9
  10
  10
  10
  11
  11
Cash from operations, $m
  186
  244
  313
  396
  492
  602
  727
  866
  1,020
  1,188
  1,371
  1,568
  1,778
  2,002
  2,238
  2,488
  2,750
  3,024
  3,311
  3,610
  3,921
  4,245
  4,582
  4,933
  5,297
  5,675
  6,068
  6,477
  6,902
  7,344
Maintenance CAPEX, $m
  -15
  -21
  -27
  -36
  -45
  -56
  -69
  -84
  -101
  -119
  -139
  -160
  -184
  -208
  -235
  -263
  -293
  -324
  -356
  -391
  -426
  -463
  -502
  -542
  -584
  -627
  -672
  -719
  -767
  -818
New CAPEX, $m
  -45
  -55
  -67
  -79
  -92
  -106
  -120
  -135
  -149
  -163
  -177
  -191
  -204
  -218
  -230
  -243
  -255
  -267
  -280
  -292
  -304
  -316
  -329
  -342
  -355
  -369
  -384
  -399
  -415
  -431
Cash from investing activities, $m
  -60
  -76
  -94
  -115
  -137
  -162
  -189
  -219
  -250
  -282
  -316
  -351
  -388
  -426
  -465
  -506
  -548
  -591
  -636
  -683
  -730
  -779
  -831
  -884
  -939
  -996
  -1,056
  -1,118
  -1,182
  -1,249
Free cash flow, $m
  126
  168
  219
  281
  354
  439
  537
  647
  770
  906
  1,055
  1,217
  1,390
  1,576
  1,773
  1,982
  2,202
  2,433
  2,675
  2,927
  3,191
  3,466
  3,752
  4,049
  4,358
  4,679
  5,013
  5,359
  5,720
  6,095
Issuance/(repayment) of debt, $m
  128
  158
  191
  227
  266
  305
  346
  387
  429
  469
  510
  549
  588
  625
  662
  698
  734
  769
  803
  838
  873
  909
  945
  983
  1,021
  1,061
  1,103
  1,146
  1,192
  1,240
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  128
  158
  191
  227
  266
  305
  346
  387
  429
  469
  510
  549
  588
  625
  662
  698
  734
  769
  803
  838
  873
  909
  945
  983
  1,021
  1,061
  1,103
  1,146
  1,192
  1,240
Total cash flow (excl. dividends), $m
  255
  326
  411
  508
  620
  745
  883
  1,034
  1,199
  1,376
  1,565
  1,766
  1,978
  2,201
  2,435
  2,680
  2,935
  3,201
  3,478
  3,766
  4,065
  4,375
  4,697
  5,032
  5,379
  5,740
  6,116
  6,506
  6,912
  7,335
Retained Cash Flow (-), $m
  -105
  -129
  -157
  -186
  -217
  -250
  -283
  -317
  -351
  -384
  -417
  -449
  -481
  -512
  -542
  -571
  -600
  -629
  -657
  -686
  -715
  -744
  -773
  -804
  -836
  -868
  -902
  -938
  -975
  -1,015
Prev. year cash balance distribution, $m
  65
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  215
  197
  254
  322
  402
  495
  600
  718
  848
  992
  1,148
  1,316
  1,497
  1,689
  1,893
  2,109
  2,335
  2,572
  2,821
  3,080
  3,350
  3,631
  3,924
  4,228
  4,544
  4,872
  5,213
  5,568
  5,937
  6,320
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  206
  180
  221
  265
  312
  359
  405
  449
  487
  520
  545
  562
  569
  567
  556
  536
  508
  474
  434
  391
  346
  301
  257
  215
  177
  142
  112
  86
  65
  48
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company's segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport. The Company's airports serve the Monterrey metropolitan area; approximately three tourist destinations, such as Acapulco, Mazatlan and Zihuatanejo; over seven regional centers, such as Chihuahua, Culiacan, Durango, San Luis Potosi, Tampico, Torreon and Zacatecas, and approximately two border cities, such as Ciudad Juarez and Reynosa.

FINANCIAL RATIOS  of  Grupo Aeroportuario del Centro Norte ADR (OMAB)

Valuation Ratios
P/E Ratio 158
Price to Sales 53.4
Price to Book 45.2
Price to Tangible Book
Price to Cash Flow 124
Price to Free Cash Flow 166.7
Growth Rates
Sales Growth Rate 23.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 34.8%
Cap. Spend. - 3 Yr. Gr. Rate 7.1%
Financial Strength
Quick Ratio 51
Current Ratio 0
LT Debt to Equity 70.8%
Total Debt to Equity 71.7%
Interest Coverage 9
Management Effectiveness
Return On Assets 16.1%
Ret/ On Assets - 3 Yr. Avg. 12.6%
Return On Total Capital 17.2%
Ret/ On T. Cap. - 3 Yr. Avg. 13%
Return On Equity 30.2%
Return On Equity - 3 Yr. Avg. 22.5%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 81.1%
Gross Margin - 3 Yr. Avg. 76.6%
EBITDA Margin 58%
EBITDA Margin - 3 Yr. Avg. 51.3%
Operating Margin 50.2%
Oper. Margin - 3 Yr. Avg. 45%
Pre-Tax Margin 47.3%
Pre-Tax Margin - 3 Yr. Avg. 40.1%
Net Profit Margin 33.8%
Net Profit Margin - 3 Yr. Avg. 29.7%
Effective Tax Rate 28.6%
Eff/ Tax Rate - 3 Yr. Avg. 25.5%
Payout Ratio 72.6%

OMAB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OMAB stock intrinsic value calculation we used $362.472140315 million for the last fiscal year's total revenue generated by Grupo Aeroportuario del Centro Norte ADR. The default revenue input number comes from 0001 income statement of Grupo Aeroportuario del Centro Norte ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our OMAB stock valuation model: a) initial revenue growth rate of 35.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for OMAB is calculated based on our internal credit rating of Grupo Aeroportuario del Centro Norte ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Grupo Aeroportuario del Centro Norte ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of OMAB stock the variable cost ratio is equal to 49.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for OMAB stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.8% for Grupo Aeroportuario del Centro Norte ADR.

Corporate tax rate of 27% is the nominal tax rate for Grupo Aeroportuario del Centro Norte ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the OMAB stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for OMAB are equal to 34.6%.

Life of production assets of 8.2 years is the average useful life of capital assets used in Grupo Aeroportuario del Centro Norte ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for OMAB is equal to 0.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $359.423843416 million for Grupo Aeroportuario del Centro Norte ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 43.001 million for Grupo Aeroportuario del Centro Norte ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Grupo Aeroportuario del Centro Norte ADR at the current share price and the inputted number of shares is $1.6 billion.

RELATED COMPANIES Price Int.Val. Rating
PAC Grupo Aeroport 73.05 2,009.95  str.buy
ASR Grupo Aeroport 144.43 2,768.89  str.buy

COMPANY NEWS

▶ OMA informs the appointment of its Chief Executive Officer   [Nov-12-18 06:16PM  GlobeNewswire]
▶ OMA informs the retirement of its Chief Executive Officer   [Oct-01-18 11:58AM  GlobeNewswire]
▶ OMA reports an 8.8% increase in July 2018 passenger traffic   [Aug-06-18 05:00PM  GlobeNewswire]
▶ OMA appoints new members of management   [Jul-19-18 05:00PM  GlobeNewswire]
▶ OMA reports a 9.1% increase in June 2018 passenger traffic   [Jul-04-18 05:00PM  GlobeNewswire]
▶ OMA reports a 10.0% increase in May 2018 passenger traffic   [Jun-06-18 05:00PM  GlobeNewswire]
▶ OMA inaugurates the new Acapulco airport terminal building   [May-25-18 06:30PM  GlobeNewswire]
▶ OMA announces payment date for Ps. 1,600 million dividend   [May-21-18 09:56AM  GlobeNewswire]
▶ OMA reports a 9.6% increase in April 2018 passenger traffic   [May-07-18 10:45AM  GlobeNewswire]
▶ OMA appoints new Chief Financial Officer   [Apr-03-18 05:00PM  GlobeNewswire]
▶ OMA Calls Annual Shareholders Meeting   [Apr-02-18 09:50PM  GlobeNewswire]
▶ OMA announces resignation of Chief Financial Officer   [Nov-16-17 05:00PM  GlobeNewswire]
▶ OMA launches the OMA Foundation   [Oct-13-17 08:30AM  GlobeNewswire]
▶ OMA reports a 2.9% increase in July 2017 passenger traffic   [Aug-08-17 06:00PM  GlobeNewswire]
▶ OMA reports a 6.8% increase in June 2017 passenger traffic   [Jul-06-17 08:30AM  GlobeNewswire]
▶ OMA reports a 6.6% increase in May 2017 passenger traffic   [Jun-06-17 09:45PM  GlobeNewswire]
▶ OMA announces payment date for Ps. 1,600 million dividend   [May-04-17 05:45PM  GlobeNewswire]
▶ OMA reports a 5.9% increase in March 2017 passenger traffic   [Apr-05-17 08:30AM  GlobeNewswire]
▶ OMA Calls Annual Shareholders Meeting   [Mar-22-17 05:00PM  GlobeNewswire]
▶ OMA Calls Ordinary Shareholders Meeting   [Feb-08-17 08:00AM  GlobeNewswire]
▶ ICA and ADP are unwinding partnership in SETA   [Oct-06-16 05:30PM  GlobeNewswire]
▶ OMA reports a 12.2% increase in June 2016 passenger traffic   [Jul-05-16 06:30PM  GlobeNewswire]
▶ OMA reports an 8.8% increase in May 2016 passenger traffic   [Jun-06-16 06:30PM  GlobeNewswire]

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