Report
Keith Schoonmaker, CFA
EUR 147.86 For Business Accounts Only

OMA's nonregulated revenue was at an annual record of 26% of total sales in 2014.

Grupo Aeroportuario del Centro Norte reported solid second-quarter 2016 results. Eleven new routes helped increase total terminal passenger traffic by 8.7% and raise the adjusted EBITDA margin by almost 500 basis points from the prior-year period. We are maintaining our wide-moat rating and increasing our fair value estimate to $47 from $40 due to raising our domestic and international passenger growth estimates and the strengthening dollar increasing revenue from international services. 
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Underlying
Grupo Aeroportuario del Centro Norte Sab de CV

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Keith Schoonmaker, CFA

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