NORTH AMERICAN CONSTRUCTION (NOA.CA) Fundamental Analysis & Valuation

TSX:NOA • CA6568111067

Current stock price

20.26 CAD
-0.04 (-0.2%)
Last:

This NOA.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. NOA.CA Profitability Analysis

1.1 Basic Checks

  • In the past year NOA was profitable.
  • In the past year NOA had a positive cash flow from operations.
  • Each year in the past 5 years NOA has been profitable.
  • Each year in the past 5 years NOA had a positive operating cash flow.
NOA.CA Yearly Net Income VS EBIT VS OCF VS FCFNOA.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • With a Return On Assets value of 1.86%, NOA is not doing good in the industry: 70.37% of the companies in the same industry are doing better.
  • NOA's Return On Equity of 7.41% is in line compared to the rest of the industry. NOA outperforms 51.85% of its industry peers.
  • With a Return On Invested Capital value of 5.20%, NOA perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
  • NOA had an Average Return On Invested Capital over the past 3 years of 5.99%. This is significantly below the industry average of 12.60%.
Industry RankSector Rank
ROA 1.86%
ROE 7.41%
ROIC 5.2%
ROA(3y)2.85%
ROA(5y)4.27%
ROE(3y)12.14%
ROE(5y)15.38%
ROIC(3y)5.99%
ROIC(5y)5.6%
NOA.CA Yearly ROA, ROE, ROICNOA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • NOA's Profit Margin of 2.63% is on the low side compared to the rest of the industry. NOA is outperformed by 62.96% of its industry peers.
  • In the last couple of years the Profit Margin of NOA has declined.
  • The Operating Margin of NOA (8.57%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of NOA has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 12.64%, NOA is doing worse than 70.37% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NOA has remained more or less at the same level.
Industry RankSector Rank
OM 8.57%
PM (TTM) 2.63%
GM 12.64%
OM growth 3Y-2.76%
OM growth 5Y1.44%
PM growth 3Y-32.99%
PM growth 5Y-23.22%
GM growth 3Y-1.43%
GM growth 5Y-1.25%
NOA.CA Yearly Profit, Operating, Gross MarginsNOA.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

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0

2. NOA.CA Health Analysis

2.1 Basic Checks

  • NOA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for NOA has been increased compared to 1 year ago.
  • NOA has less shares outstanding than it did 5 years ago.
  • NOA has a worse debt/assets ratio than last year.
NOA.CA Yearly Shares OutstandingNOA.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
NOA.CA Yearly Total Debt VS Total AssetsNOA.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.26, we must say that NOA is in the distress zone and has some risk of bankruptcy.
  • NOA has a worse Altman-Z score (1.26) than 70.37% of its industry peers.
  • A Debt/Equity ratio of 1.64 is on the high side and indicates that NOA has dependencies on debt financing.
  • NOA's Debt to Equity ratio of 1.64 is on the low side compared to the rest of the industry. NOA is outperformed by 85.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 1.26
ROIC/WACC0.83
WACC6.29%
NOA.CA Yearly LT Debt VS Equity VS FCFNOA.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

2.3 Liquidity

  • NOA has a Current Ratio of 0.88. This is a bad value and indicates that NOA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.88, NOA is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.70 indicates that NOA may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.70, NOA is doing worse than 88.89% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.7
NOA.CA Yearly Current Assets VS Current LiabilitesNOA.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NOA.CA Growth Analysis

3.1 Past

  • NOA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -71.31%.
  • Measured over the past years, NOA shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.58% on average per year.
  • Looking at the last year, NOA shows a quite strong growth in Revenue. The Revenue has grown by 10.17% in the last year.
  • Measured over the past years, NOA shows a very strong growth in Revenue. The Revenue has been growing by 20.84% on average per year.
EPS 1Y (TTM)-71.31%
EPS 3Y-22.96%
EPS 5Y-9.58%
EPS Q2Q%-114%
Revenue 1Y (TTM)10.17%
Revenue growth 3Y18.62%
Revenue growth 5Y20.84%
Sales Q2Q%0%

3.2 Future

  • NOA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 85.11% yearly.
  • The Revenue is expected to grow by 7.85% on average over the next years.
EPS Next Y156.43%
EPS Next 2Y85.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.33%
Revenue Next 2Y7.85%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NOA.CA Yearly Revenue VS EstimatesNOA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
NOA.CA Yearly EPS VS EstimatesNOA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3

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6

4. NOA.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • NOA is valuated rather expensively with a Price/Earnings ratio of 18.93.
  • NOA's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.38, NOA is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 7.38 indicates a rather cheap valuation of NOA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 85.19% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.20. NOA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 18.93
Fwd PE 7.38
NOA.CA Price Earnings VS Forward Price EarningsNOA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NOA is valued cheaper than 85.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.19
NOA.CA Per share dataNOA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • NOA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NOA's earnings are expected to grow with 85.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y85.11%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. NOA.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.49%, NOA has a reasonable but not impressive dividend return.
  • NOA's Dividend Yield is rather good when compared to the industry average which is at 0.99. NOA pays more dividend than 85.19% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, NOA pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

  • On average, the dividend of NOA grows each year by 25.23%, which is quite nice.
  • NOA has paid a dividend for at least 10 years, which is a reliable track record.
  • NOA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)25.23%
Div Incr Years4
Div Non Decr Years11
NOA.CA Yearly Dividends per shareNOA.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • NOA pays out 39.58% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of NOA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.58%
EPS Next 2Y85.11%
EPS Next 3YN/A
NOA.CA Yearly Income VS Free CF VS DividendNOA.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M -40M 60M -60M
NOA.CA Dividend Payout.NOA.CA Dividend Payout, showing the Payout Ratio.NOA.CA Dividend Payout.PayoutRetained Earnings

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NOA.CA Fundamentals: All Metrics, Ratios and Statistics

NORTH AMERICAN CONSTRUCTION

TSX:NOA (4/14/2026, 7:00:00 PM)

20.26

-0.04 (-0.2%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)03-11
Earnings (Next)04-29
Inst Owners71.33%
Inst Owner ChangeN/A
Ins Owners9.21%
Ins Owner ChangeN/A
Market Cap559.99M
Revenue(TTM)1.28B
Net Income(TTM)33.83M
Analysts82.5
Price Target26.78 (32.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
Yearly Dividend0.49
Dividend Growth(5Y)25.23%
DP39.58%
Div Incr Years4
Div Non Decr Years11
Ex-Date03-26
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-70.21%
Min EPS beat(2)-119.39%
Max EPS beat(2)-21.03%
EPS beat(4)0
Avg EPS beat(4)-67.86%
Min EPS beat(4)-119.39%
Max EPS beat(4)-21.03%
EPS beat(8)2
Avg EPS beat(8)-33.08%
EPS beat(12)4
Avg EPS beat(12)-19.18%
EPS beat(16)5
Avg EPS beat(16)-15.65%
Revenue beat(2)0
Avg Revenue beat(2)-11.31%
Min Revenue beat(2)-12.63%
Max Revenue beat(2)-9.99%
Revenue beat(4)1
Avg Revenue beat(4)-4.76%
Min Revenue beat(4)-12.63%
Max Revenue beat(4)8.8%
Revenue beat(8)1
Avg Revenue beat(8)-6.78%
Revenue beat(12)2
Avg Revenue beat(12)-5.47%
Revenue beat(16)4
Avg Revenue beat(16)-4.5%
PT rev (1m)-11.32%
PT rev (3m)-13.33%
EPS NQ rev (1m)-39.23%
EPS NQ rev (3m)-56.59%
EPS NY rev (1m)-11.65%
EPS NY rev (3m)-14.03%
Revenue NQ rev (1m)-6.4%
Revenue NQ rev (3m)-6.4%
Revenue NY rev (1m)1.45%
Revenue NY rev (3m)1.52%
Valuation
Industry RankSector Rank
PE 18.93
Fwd PE 7.38
P/S 0.44
P/FCF N/A
P/OCF 2.12
P/B 1.23
P/tB 1.26
EV/EBITDA 4.19
EPS(TTM)1.07
EY5.28%
EPS(NY)2.74
Fwd EY13.54%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)9.55
OCFY47.16%
SpS46.46
BVpS16.52
TBVpS16.07
PEG (NY)0.12
PEG (5Y)N/A
Graham Number19.9431 (-1.56%)
Profitability
Industry RankSector Rank
ROA 1.86%
ROE 7.41%
ROCE 7.81%
ROIC 5.2%
ROICexc 5.6%
ROICexgc 5.66%
OM 8.57%
PM (TTM) 2.63%
GM 12.64%
FCFM N/A
ROA(3y)2.85%
ROA(5y)4.27%
ROE(3y)12.14%
ROE(5y)15.38%
ROIC(3y)5.99%
ROIC(5y)5.6%
ROICexc(3y)6.41%
ROICexc(5y)5.98%
ROICexgc(3y)6.46%
ROICexgc(5y)6.03%
ROCE(3y)8.98%
ROCE(5y)8.4%
ROICexgc growth 3Y-5.59%
ROICexgc growth 5Y7.93%
ROICexc growth 3Y-5.58%
ROICexc growth 5Y7.73%
OM growth 3Y-2.76%
OM growth 5Y1.44%
PM growth 3Y-32.99%
PM growth 5Y-23.22%
GM growth 3Y-1.43%
GM growth 5Y-1.25%
F-Score6
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Debt/EBITDA 2.29
Cap/Depr 131.36%
Cap/Sales 22.22%
Interest Coverage 1.64
Cash Conversion 80.7%
Profit Quality N/A
Current Ratio 0.88
Quick Ratio 0.7
Altman-Z 1.26
F-Score6
WACC6.29%
ROIC/WACC0.83
Cap/Depr(3y)150.93%
Cap/Depr(5y)130.95%
Cap/Sales(3y)23.3%
Cap/Sales(5y)20.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.31%
EPS 3Y-22.96%
EPS 5Y-9.58%
EPS Q2Q%-114%
EPS Next Y156.43%
EPS Next 2Y85.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.17%
Revenue growth 3Y18.62%
Revenue growth 5Y20.84%
Sales Q2Q%0%
Revenue Next Year10.33%
Revenue Next 2Y7.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-28.61%
EBIT growth 3Y15.34%
EBIT growth 5Y22.58%
EBIT Next Year172.29%
EBIT Next 3Y44.74%
EBIT Next 5YN/A
FCF growth 1Y68.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.48%
OCF growth 3Y16%
OCF growth 5Y12.5%

NORTH AMERICAN CONSTRUCTION / NOA.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NORTH AMERICAN CONSTRUCTION (NOA.CA) stock?

ChartMill assigns a fundamental rating of 3 / 10 to NOA.CA.


What is the valuation status for NOA stock?

ChartMill assigns a valuation rating of 6 / 10 to NORTH AMERICAN CONSTRUCTION (NOA.CA). This can be considered as Fairly Valued.


How profitable is NORTH AMERICAN CONSTRUCTION (NOA.CA) stock?

NORTH AMERICAN CONSTRUCTION (NOA.CA) has a profitability rating of 3 / 10.


Can you provide the financial health for NOA stock?

The financial health rating of NORTH AMERICAN CONSTRUCTION (NOA.CA) is 0 / 10.


What is the earnings growth outlook for NORTH AMERICAN CONSTRUCTION?

The Earnings per Share (EPS) of NORTH AMERICAN CONSTRUCTION (NOA.CA) is expected to grow by 156.43% in the next year.