Discounted Cash Flow

Central North Airport Group ADR

OMAB · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $5.6b $1.9b $2.4b 33.7% $4.76
2017 $361.3m (-93.5%) $107.8m (-94.2%) $107.8m (-95.5%) 29.8% (-11.4%) $0.27 (-94.2%)
2018 $402.3m (11.3%) $145.1m (34.6%) $145.1m (34.6%) 36.1% (20.9%) $7.25 (2546.8%)
2019 $451.8m (12.3%) $170.6m (17.6%) $170.6m (17.6%) 37.8% (4.7%) $8.20 (13.1%)
2020 $269.6m (-40.3%) $55.0m (-67.8%) $55.0m (-67.8%) 20.4% (-46.0%) $2.80 (-65.8%)
2021 $426.0m (58.0%) $139.6m (154.0%) $217.3m (295.3%) 32.8% (60.7%) $0.36 (-87.2%)
2022 $612.9m (43.9%) $200.3m (43.5%) $19.6m (-91.0%) 32.7% (-0.2%) $0.52 (44.4%)
2023 $854.5m (39.4%) $296.2m (47.9%) $-29.6m (-251.1%) 34.7% (6.1%) $0.77 (47.9%)
2024 $725.1m (-15.1%) $237.1m (-20.0%) $-23.2m (21.5%) 32.7% (-5.7%) $0.61 (-20.0%)
2025 $886.9m (22.3%) $298.1m (25.7%) $250.3m (1177.9%) 33.6% (2.8%) $0.77 (25.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model