Like Grupo Aeroportuario del Pacifico (NYSE:PAC), Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB), also known as "OMA", operates airports in Mexico under long-term concessions from the government. While OMA should benefit from the same surge in low-cost airlines as PAC and Grupo Aeroportuario del Sureste (NYSE:ASR), OMA is looking to non-aerospace opportunities like real estate development to help drive growth.
OMA may not look so interesting from the perspective of backwards-looking valuation metrics, but the potential cash flow growth here makes this an interesting name. OMA is more focused on domestic traffic than PAC, but if the company's attempts to develop properties like hotels and cargo facilities pan out, double-digit free cash flow growth and...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|