Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (G7A) - Net Assets
Based on the latest financial reports, Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (G7A) has net assets worth €12.67 Billion EUR (≈ $14.81 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€32.11 Billion ≈ $37.54 Billion USD) and total liabilities (€19.44 Billion ≈ $22.73 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Grupo Aeroportuario del Centro Norte S.A (G7A) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.67 Billion |
| % of Total Assets | 39.45% |
| Annual Growth Rate | 6.13% |
| 5-Year Change | 1.68% |
| 10-Year Change | N/A |
| Growth Volatility | 11.72 |
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. - Net Assets Trend (2016–2025)
This chart illustrates how Grupo Aeroportuario del Centro Norte S.A.B. de C.V.'s net assets have evolved over time, based on quarterly financial data. See how many days can Grupo Aeroportuario del Centro Norte S.A fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (2016–2025)
The table below shows the annual net assets of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from 2016 to 2025. For live valuation and market cap data, see market cap of Grupo Aeroportuario del Centro Norte S.A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €11.43 Billion ≈ $13.36 Billion |
+8.37% |
| 2024-12-31 | €10.54 Billion ≈ $12.33 Billion |
+7.17% |
| 2023-12-31 | €9.84 Billion ≈ $11.50 Billion |
+15.01% |
| 2022-12-31 | €8.55 Billion ≈ $10.00 Billion |
-23.88% |
| 2021-12-31 | €11.24 Billion ≈ $13.14 Billion |
+3.81% |
| 2020-12-31 | €10.83 Billion ≈ $12.66 Billion |
+9.49% |
| 2019-12-31 | €9.89 Billion ≈ $11.56 Billion |
+16.16% |
| 2018-12-31 | €8.51 Billion ≈ $9.95 Billion |
+17.74% |
| 2017-12-31 | €7.23 Billion ≈ $8.45 Billion |
+8.11% |
| 2016-12-31 | €6.69 Billion ≈ $7.82 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Grupo Aeroportuario del Centro Norte S.A.B. de C.V.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 51.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €9.44 Billion | 83.81% |
| Other Components | €1.82 Billion | 16.19% |
| Total Equity | €11.26 Billion | 100.00% |
Grupo Aeroportuario del Centro Norte S.A.B. de C.V. Competitors by Market Cap
The table below lists competitors of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COFCO Tunhe Sugar Co Ltd
SHG:600737
|
$4.32 Billion |
|
Western Securities Co Ltd
SHE:002673
|
$4.32 Billion |
|
Hangzhou Cable
SHG:603618
|
$4.33 Billion |
|
JK Cement Limited
NSE:JKCEMENT
|
$4.33 Billion |
|
Capricorn Metals Ltd
AU:CMM
|
$4.32 Billion |
|
Gitlab Inc
NASDAQ:GTLB
|
$4.32 Billion |
|
Silicon Motion Technology
NASDAQ:SIMO
|
$4.32 Billion |
|
Yonghui Superstores Co Ltd
SHG:601933
|
$4.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grupo Aeroportuario del Centro Norte S.A.B. de C.V.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,384,774,000 to 11,260,185,000, a change of 875,411,000 (8.4%).
- Net income of 5,341,704,000 contributed positively to equity growth.
- Dividend payments of 4,468,667,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.34 Billion | +47.44% |
| Dividends Paid | €4.47 Billion | -39.69% |
| Other Changes | €2.37 Million | +0.02% |
| Total Change | €- | 8.43% |
Book Value vs Market Value Analysis
This analysis compares Grupo Aeroportuario del Centro Norte S.A.B. de C.V.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.20x to 3.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €17.97 | €93.50 | x |
| 2018-12-31 | €21.22 | €93.50 | x |
| 2019-12-31 | €24.83 | €93.50 | x |
| 2020-12-31 | €27.30 | €93.50 | x |
| 2021-12-31 | €28.63 | €93.50 | x |
| 2022-12-31 | €21.67 | €93.50 | x |
| 2023-12-31 | €25.04 | €93.50 | x |
| 2024-12-31 | €26.89 | €93.50 | x |
| 2025-12-31 | €29.16 | €93.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grupo Aeroportuario del Centro Norte S.A.B. de C.V. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 47.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.46%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.75x
- Recent ROE (47.44%) is above the historical average (35.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 28.53% | 33.70% | 0.41x | 2.07x | €1.21 Billion |
| 2017 | 30.09% | 29.84% | 0.50x | 2.01x | €1.42 Billion |
| 2018 | 34.17% | 36.07% | 0.51x | 1.87x | €2.02 Billion |
| 2019 | 33.14% | 37.76% | 0.49x | 1.78x | €2.25 Billion |
| 2020 | 10.28% | 20.39% | 0.30x | 1.70x | €29.32 Million |
| 2021 | 25.84% | 32.77% | 0.38x | 2.07x | €1.75 Billion |
| 2022 | 46.61% | 32.69% | 0.52x | 2.76x | €3.06 Billion |
| 2023 | 51.83% | 34.67% | 0.57x | 2.61x | €4.04 Billion |
| 2024 | 47.46% | 32.70% | 0.55x | 2.62x | €3.89 Billion |
| 2025 | 47.44% | 33.46% | 0.52x | 2.75x | €4.22 Billion |
Industry Comparison
This section compares Grupo Aeroportuario del Centro Norte S.A.B. de C.V.'s net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $25,630,295,633
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (G7A) | €12.67 Billion | 28.53% | 1.54x | $4.32 Billion |
| TAV HAVALIMAN.HLDG ADR/4 (5THA) | $1.61 Billion | 3.15% | 2.12x | $2.31 Billion |
| AENA SME UNSP.ADR/1/10 (A440) | $5.56 Billion | -8.55% | 1.85x | $37.50 Billion |
| Grupo Aeroportuario del Sureste SAB de CV ADR (AEDA) | $22.75 Billion | 15.95% | 0.28x | $8.75 Billion |
| Beijing Capital International Airport Company Limited (BJ1) | $24.96 Billion | 9.69% | 0.39x | $377.91 Million |
| Fraport AG (FRA) | $2.95 Billion | 8.09% | 2.27x | $6.51 Billion |
| FRAPORT AG ADR 2/1 O.N. (FRAS) | $4.13 Billion | 3.20% | 3.26x | $6.49 Billion |
| Grupo Aeroportuario del Pacífico S.A.B. de C.V (G9N) | $21.77 Billion | 23.14% | 0.82x | $12.14 Billion |
| Hainan Meilan International Airport Company Limited (HAO) | $2.67 Billion | 12.81% | 1.12x | $129.46 Million |
| Airports of Thailand Public Company Limited (NYVQ) | $144.27 Billion | 17.45% | 0.30x | $18.86 Billion |
About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. It operates 13 international airports in Monterrey; Acapulco, Mazatlán, and Zihuatanejo; Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas; and Ciudad Juárez and Reynosa cities. The company is also involved in le… Read more