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

TSX:NOA • CA6568111067

Current stock price

19.82 CAD
+0.67 (+3.5%)
Last:

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

4

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: 67.86% of the companies in the same industry are doing better.
  • NOA has a Return On Equity (7.41%) which is in line with its industry peers.
  • The Return On Invested Capital of NOA (5.20%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NOA 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

  • With a Profit Margin value of 2.63%, NOA is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of NOA has declined.
  • The Operating Margin of NOA (8.57%) is better than 60.71% of its industry peers.
  • NOA's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 12.64%, NOA is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
  • 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.
  • NOA has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NOA has less shares outstanding
  • 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

  • NOA has an Altman-Z score of 1.25. This is a bad value and indicates that NOA is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.25, NOA is doing worse than 67.86% of the companies in the same industry.
  • NOA has a Debt/Equity ratio of 1.64. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of NOA (1.64) is worse than 82.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 1.25
ROIC/WACC0.82
WACC6.34%
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.
  • NOA has a worse Current ratio (0.88) than 89.29% of its industry peers.
  • A Quick Ratio of 0.70 indicates that NOA may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.70, NOA is not doing good in the industry: 89.29% of the companies in the same industry are doing better.
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

  • The earnings per share for NOA have decreased strongly by -71.31% in the last year.
  • NOA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.58% yearly.
  • The Revenue has grown by 10.17% in the past year. This is quite good.
  • The Revenue has been growing by 20.84% on average over the past years. This is a very strong growth!
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

  • Based on estimates for the next years, NOA will show a very strong growth in Earnings Per Share. The EPS will grow by 74.78% on average per year.
  • The Revenue is expected to grow by 6.18% on average over the next years.
EPS Next Y127.79%
EPS Next 2Y74.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.28%
Revenue Next 2Y6.18%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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
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

  • The Price/Earnings ratio is 18.52, which indicates a rather expensive current valuation of NOA.
  • The rest of the industry has a similar Price/Earnings ratio as NOA.
  • NOA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
  • With a Price/Forward Earnings ratio of 8.13, the valuation of NOA can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 85.71% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. NOA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 18.52
Fwd PE 8.13
NOA.CA Price Earnings VS Forward Price EarningsNOA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NOA is valued cheaper than 96.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.15
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as NOA's earnings are expected to grow with 74.78% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y74.78%
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

  • NOA has a Yearly Dividend Yield of 2.51%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.94, NOA pays a better dividend. On top of this NOA pays more dividend than 85.71% of the companies listed in the same industry.
  • NOA's Dividend Yield is a higher than the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.51%

5.2 History

  • The dividend of NOA is nicely growing with an annual growth rate of 25.23%!
  • NOA has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NOA has not decreased their dividend for at least 10 years, which is a reliable track record.
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.
  • NOA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.58%
EPS Next 2Y74.78%
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 (4/24/2026, 7:00:00 PM)

19.82

+0.67 (+3.5%)

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 Cap547.82M
Revenue(TTM)1.28B
Net Income(TTM)33.83M
Analysts82.5
Price Target26.78 (35.12%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.51%
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)0%
EPS NQ rev (3m)-56.59%
EPS NY rev (1m)-14.27%
EPS NY rev (3m)-21.52%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-6.41%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-6.68%
Valuation
Industry RankSector Rank
PE 18.52
Fwd PE 8.13
P/S 0.43
P/FCF N/A
P/OCF 2.07
P/B 1.2
P/tB 1.23
EV/EBITDA 4.15
EPS(TTM)1.07
EY5.4%
EPS(NY)2.44
Fwd EY12.3%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)9.55
OCFY48.21%
SpS46.46
BVpS16.52
TBVpS16.07
PEG (NY)0.14
PEG (5Y)N/A
Graham Number19.9431 (0.62%)
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 1.25
F-Score6
WACC6.34%
ROIC/WACC0.82
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 Y127.79%
EPS Next 2Y74.78%
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 Year5.28%
Revenue Next 2Y6.18%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-28.61%
EBIT growth 3Y15.34%
EBIT growth 5Y22.58%
EBIT Next Year198.85%
EBIT Next 3Y49.52%
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 4 / 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 4 / 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 127.79% in the next year.