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Centro Norte: Dividend Stock To Rise On Mexico's Air Travel Growth

David Zanoni profile picture
David Zanoni


  • Centro Norte is likely to benefit from the expected increase in travel to Mexico.
  • The stock is trading below the industry average, leaving room to the upside.
  • Centro Norte's strong earnings growth can drive the stock to outperform in 2023 & 2024.
  • Looking for a helping hand in the market? Members of Margin of Safety Investing get exclusive ideas and guidance to navigate any climate. Learn More »

Airplane arriving to Monterrey airport. Travelling to Mexico conceptual 3D rendering

alexeynovikov/iStock via Getty Images

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) has a strong potential for significant stock growth in 2023 and 2024. The company is expected to benefit from increased travel to Mexico as the COVID recovery continues. The

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This article was written by

David Zanoni profile picture
Through diligent analysis, he is ranked in the top 1% of blogging analysts on Tipranks.com for performance and accuracy. David previously contributed to Kirk Spano's Margin of Safety Investing [MoSI] Marketplace Service and Risk Research Inc.David focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The article is for informational purposes only (not a solicitation or recommendation to buy or sell stocks). David is not a registered investment adviser. Investors should do their own research or consult a financial adviser to determine what investments are appropriate for their individual situation. This article expresses my opinions and I cannot guarantee that the information/results will be accurate. Investing in stocks involves risk and could result in losses.

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Comments (25)

@david Zanoni

Putting valuations aside and focusing on the quality of the businesses. Also taking a long term investment view. What would you consider as your top 2 picks from this list: ASR, PAC, OMAB, CAAP? Thank you for your perspectives. I regard your views/perspectives as simply personal perspectives and not as recommendations.
zito profile picture
everyone I talk to is reducing travel to Mexico due to crime.
Ian Bezek profile picture
@zito You need to find a wider sample group.

Mexican tourism is at record highs and growing at more than 20% annually.
Edward J. Roche profile picture
@zito Far more crime in US than Mexico.
@zito I felt far more safe in Puerto Vallarta two weeks ago than I do in the United States
No mention of the large European infrastructure giant VINCI buying a huge stake in the company? One would think that a paramount factor in any analysis of this company.
Skagit profile picture
Overlooked in this story is that OMAB, possibly the best situated geographically in Mexico, will benefit greatly from the reindustrialization of the US and its immediate neighbors. There are already lots of auto assembly plants and these will be joined by even more electronics and pharma manufacturing sites.

One of the often suggested cures for illegal immigration out of Mexico was to improve economic opportunity in-house. This could be that miracle moment when Mexico rises to join the other young industrialized nations.
zito profile picture
@Skagit The illegals are no longer coming from Mexico
Skagit profile picture

Mexicans have topped the charts forever though the numbers from Haiti and Central America have made significant "improvement."
@Skagit The illegals coming from Mexico are mostly not Mexicans.
Edward J. Roche profile picture
JPM downgraded OMAB recently:


Perhaps just on price/value. Anyone know more?

I have not sold any shares.
David Zanoni profile picture
@Edward J. Roche It doesn't look like it's because of valuation as the stock trades below the industry and the broader market. It could be from the technical perspective as the stock is due for a pullback.
@David Zanoni Yeah, tough pill to swallow buying at 52 week highs
AnimeSnoopy profile picture
@Ian Bezek recommended this stock when it was $40 and I thought it was too expensive.

Moral of the story: ignore Ian at your own financial peril!
Too high. Will consider beliw $36
Ian Bezek profile picture
@JonathanSeagull $36? That'd be 8x earnings and an 11% dividend yield for a company growing more than 20%/year. Why would this happen?
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