Discounted Cash Flow (DCF) Analysis Levered
Grupo Aeroportuario del Centro Nort... (OMAB)
$73.88
+0.14 (+0.19%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 7,129.83 | 7,907.05 | 8,527.10 | 5,367.47 | 8,720.01 | 9,682.46 | 10,751.15 | 11,937.78 | 13,255.39 | 14,718.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 2,921.33 | 3,709.35 | 3,716.52 | 1,303.48 | 4,446.84 | 4,003.71 | 4,445.62 | 4,936.29 | 5,481.12 | 6,086.09 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -221.77 | -211.23 | -57.10 | -157.99 | -1,925.89 | -609.63 | -676.91 | -751.63 | -834.58 | -926.70 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 2,699.56 | 3,498.12 | 3,659.42 | 1,145.49 | 2,520.95 | 3,394.09 | 3,768.70 | 4,184.67 | 4,646.54 | 5,159.39 |
Weighted Average Cost Of Capital
| Share price | $ 73.88 |
|---|---|
| Beta | 0.893 |
| Diluted Shares Outstanding | 48.79 |
| Cost of Debt | |
| Tax Rate | 25.51 |
| After-tax Cost of Debt | 4.86% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.849 |
| Total Debt | 7,921.36 |
| Total Equity | 3,604.55 |
| Total Capital | 11,525.91 |
| Debt Weighting | 68.73 |
| Equity Weighting | 31.27 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 7,129.83 | 7,907.05 | 8,527.10 | 5,367.47 | 8,720.01 | 9,682.46 | 10,751.15 | 11,937.78 | 13,255.39 | 14,718.43 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2,921.33 | 3,709.35 | 3,716.52 | 1,303.48 | 4,446.84 | 4,003.71 | 4,445.62 | 4,936.29 | 5,481.12 | 6,086.09 |
| Capital Expenditure | -221.77 | -211.23 | -57.10 | -157.99 | -1,925.89 | -609.63 | -676.91 | -751.63 | -834.58 | -926.70 |
| Free Cash Flow | 2,699.56 | 3,498.12 | 3,659.42 | 1,145.49 | 2,520.95 | 3,394.09 | 3,768.70 | 4,184.67 | 4,646.54 | 5,159.39 |
| WACC | ||||||||||
| PV LFCF | 3,208.33 | 3,367.46 | 3,534.49 | 3,709.81 | 3,893.82 | |||||
| SUM PV LFCF | 17,713.90 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 5.79 |
| Free cash flow (t + 1) | 5,262.58 |
| Terminal Value | 138,854.34 |
| Present Value of Terminal Value | 104,793.99 |
Intrinsic Value
| Enterprise Value | 122,507.89 |
|---|---|
| Net Debt | 1,934.19 |
| Equity Value | 120,573.70 |
| Shares Outstanding | 48.79 |
| Equity Value Per Share | 2,471.32 |