NORTH AMERICAN CONSTRUCTION (NOA.CA) Fundamental Analysis & Valuation
TSX:NOA • CA6568111067
Current stock price
19.86 CAD
+0.33 (+1.69%)
Last:
This NOA.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. NOA.CA Profitability Analysis
1.1 Basic Checks
- NOA had positive earnings in the past year.
- In the past year NOA had a positive cash flow from operations.
- NOA had positive earnings in each of the past 5 years.
- NOA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- NOA's Return On Assets of 1.86% is on the low side compared to the rest of the industry. NOA is outperformed by 69.23% of its industry peers.
- Looking at the Return On Equity, with a value of 7.41%, NOA is in line with its industry, outperforming 53.85% of the companies in the same industry.
- With a Return On Invested Capital value of 5.20%, NOA perfoms like the industry average, outperforming 42.31% 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 13.40%.
| Industry Rank | Sector 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%
1.3 Margins
- With a Profit Margin value of 2.63%, NOA is not doing good in the industry: 65.38% of the companies in the same industry are doing better.
- NOA's Profit Margin has declined in the last couple of years.
- NOA's Operating Margin of 8.57% is in line compared to the rest of the industry. NOA outperforms 57.69% of its industry peers.
- In the last couple of years the Operating Margin of NOA has remained more or less at the same level.
- With a Gross Margin value of 12.64%, NOA is not doing good in the industry: 73.08% of the companies in the same industry are doing better.
- NOA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
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.
- NOA has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, NOA has a worse debt to assets ratio.
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.
- NOA has a Altman-Z score of 1.25. This is in the lower half of the industry: NOA underperforms 69.23% of its industry peers.
- NOA has a Debt/Equity ratio of 1.64. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.64, NOA is doing worse than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.64 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.25 |
ROIC/WACC0.82
WACC6.34%
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 88.46% 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: 88.46% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.7 |
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%.
- The Earnings Per Share has been decreasing by -9.58% on average over the past years.
- NOA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.17%.
- NOA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.84% yearly.
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
- The Earnings Per Share is expected to grow by 74.78% on average over the next years. This is a very strong growth
- Based on estimates for the next years, NOA will show a small growth in Revenue. The Revenue will grow by 6.18% on average per year.
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
- 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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. NOA.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 18.56, NOA is valued on the expensive side.
- 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 26.54.
- The Price/Forward Earnings ratio is 8.15, which indicates a very decent valuation of NOA.
- Based on the Price/Forward Earnings ratio, NOA is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 21.68. NOA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.56 | ||
| Fwd PE | 8.15 |
4.2 Price Multiples
- NOA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NOA is cheaper than 96.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.13 |
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.
- NOA's earnings are expected to grow with 74.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y74.78%
EPS Next 3YN/A
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 1.00, NOA pays a better dividend. On top of this NOA pays more dividend than 84.62% of the companies listed in the same industry.
- NOA's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector 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 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
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 2Y74.78%
EPS Next 3YN/A
NOA.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:NOA (4/28/2026, 7:00:00 PM)
19.86
+0.33 (+1.69%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Industry Strength79.53
Industry Growth78.36
Earnings (Last)03-11 2026-03-11/amc
Earnings (Next)04-29 2026-04-29
Inst Owners71.33%
Inst Owner ChangeN/A
Ins Owners9.21%
Ins Owner ChangeN/A
Market Cap548.93M
Revenue(TTM)1.28B
Net Income(TTM)33.83M
Analysts82.5
Price Target26.78 (34.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 2026-03-26 (0.12)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.56 | ||
| Fwd PE | 8.15 | ||
| P/S | 0.43 | ||
| P/FCF | N/A | ||
| P/OCF | 2.08 | ||
| P/B | 1.2 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | 4.13 |
EPS(TTM)1.07
EY5.39%
EPS(NY)2.44
Fwd EY12.27%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)9.55
OCFY48.11%
SpS46.46
BVpS16.52
TBVpS16.07
PEG (NY)0.15
PEG (5Y)N/A
Graham Number19.9431 (0.42%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 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 127.79% in the next year.