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

TSX:NOA • CA6568111067

Current stock price

19.98 CAD
+0.39 (+1.99%)
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.
  • In the past 5 years NOA has always been profitable.
  • In the past 5 years NOA always reported a positive cash flow from operatings.
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: 66.67% of the companies in the same industry are doing better.
  • NOA has a Return On Equity (7.41%) which is comparable to the rest of the industry.
  • NOA has a Return On Invested Capital of 5.20%. This is comparable to the rest of the industry: NOA outperforms 44.44% of its industry peers.
  • NOA had an Average Return On Invested Capital over the past 3 years of 5.99%. This is significantly below the industry average of 12.36%.
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.
  • NOA's Profit Margin has declined in the last couple of years.
  • The Operating Margin of NOA (8.57%) is better than 62.96% of its industry peers.
  • In the last couple of years the Operating Margin of NOA has remained more or less at the same level.
  • NOA has a Gross Margin of 12.64%. This is in the lower half of the industry: NOA underperforms 70.37% of its industry peers.
  • NOA's Gross Margin has been stable in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NOA is destroying value.
  • NOA has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NOA has been reduced compared to 5 years ago.
  • The debt/assets ratio for NOA is higher compared to a year ago.
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.
  • NOA has a worse Altman-Z score (1.25) than 70.37% 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.
  • NOA has a Debt to Equity ratio of 1.64. This is amonst the worse of the industry: NOA underperforms 85.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 1.25
ROIC/WACC0.67
WACC7.75%
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

  • A Current Ratio of 0.88 indicates that NOA may have some problems paying its short term obligations.
  • The Current ratio of NOA (0.88) is worse than 88.89% of its industry peers.
  • NOA has a Quick 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.
  • 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

4

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 quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.82% yearly.
  • 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 quite strong growth in Revenue. The Revenue has been growing by 10.15% on average per year.
EPS 1Y (TTM)-71.31%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-114%
Revenue 1Y (TTM)10.17%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%0%

3.2 Future

  • Based on estimates for the next years, NOA will show a decrease in Earnings Per Share. The EPS will decrease by -1.89% on average per year.
  • NOA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.51% yearly.
EPS Next Y-48.72%
EPS Next 2Y-12.69%
EPS Next 3Y-1.89%
EPS Next 5YN/A
Revenue Next Year7.24%
Revenue Next 2Y6.37%
Revenue Next 3Y5.51%
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 decreasing.
  • 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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4

4. NOA.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.67 indicates a rather expensive valuation of NOA.
  • Compared to the rest of the industry, the Price/Earnings ratio of NOA is on the same level as its industry peers.
  • NOA is valuated rather cheaply when we compare the Price/Earnings ratio to 25.50, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 7.03, the valuation of NOA can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, NOA is valued cheaper than 85.19% of the companies in the same industry.
  • NOA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.67, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.67
Fwd PE 7.03
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 cheaply inside the industry as 85.19% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.16
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

PEG (NY)N/A
PEG (5Y)0.94
EPS Next 2Y-12.69%
EPS Next 3Y-1.89%

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

7

5. NOA.CA Dividend Analysis

5.1 Amount

  • NOA has a Yearly Dividend Yield of 2.53%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.06, NOA pays a better dividend. On top of this NOA pays more dividend than 81.48% of the companies listed in the same industry.
  • NOA's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.53%

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 Years3
Div Non Decr Years10
NOA.CA Yearly Dividends per shareNOA.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 39.58% of the earnings are spent on dividend by NOA. This is a low number and sustainable payout ratio.
DP39.58%
EPS Next 2Y-12.69%
EPS Next 3Y-1.89%
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 (3/24/2026, 7:00:00 PM)

19.98

+0.39 (+1.99%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)03-11
Earnings (Next)05-12
Inst Owners67.7%
Inst Owner ChangeN/A
Ins Owners8.75%
Ins Owner ChangeN/A
Market Cap552.25M
Revenue(TTM)1.28B
Net Income(TTM)33.83M
Analysts80
Price Target30.19 (51.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.53%
Yearly Dividend0.49
Dividend Growth(5Y)25.23%
DP39.58%
Div Incr Years3
Div Non Decr Years10
Ex-DateN/A
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)0%
PT rev (3m)-2.26%
EPS NQ rev (1m)-56.59%
EPS NQ rev (3m)-56.59%
EPS NY rev (1m)0.81%
EPS NY rev (3m)-10.92%
Revenue NQ rev (1m)-4.42%
Revenue NQ rev (3m)-1.45%
Revenue NY rev (1m)0.82%
Revenue NY rev (3m)-6.34%
Valuation
Industry RankSector Rank
PE 18.67
Fwd PE 7.03
P/S 0.43
P/FCF N/A
P/OCF 2.09
P/B 1.21
P/tB 1.24
EV/EBITDA 4.16
EPS(TTM)1.07
EY5.36%
EPS(NY)2.84
Fwd EY14.23%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)9.55
OCFY47.82%
SpS46.46
BVpS16.52
TBVpS16.07
PEG (NY)N/A
PEG (5Y)0.94
Graham Number19.94
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
WACC7.75%
ROIC/WACC0.67
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 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-114%
EPS Next Y-48.72%
EPS Next 2Y-12.69%
EPS Next 3Y-1.89%
EPS Next 5YN/A
Revenue 1Y (TTM)10.17%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%0%
Revenue Next Year7.24%
Revenue Next 2Y6.37%
Revenue Next 3Y5.51%
Revenue Next 5YN/A
EBIT growth 1Y-28.61%
EBIT growth 3Y15.34%
EBIT growth 5Y22.58%
EBIT Next Year205.31%
EBIT Next 3Y48.75%
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 4 / 10 to NORTH AMERICAN CONSTRUCTION (NOA.CA). This can be considered as Fairly Valued.


What is the profitability of NOA stock?

NORTH AMERICAN CONSTRUCTION (NOA.CA) has a profitability rating of 4 / 10.


What is the expected EPS growth for NORTH AMERICAN CONSTRUCTION (NOA.CA) stock?

The Earnings per Share (EPS) of NORTH AMERICAN CONSTRUCTION (NOA.CA) is expected to decline by -48.72% in the next year.


How sustainable is the dividend of NORTH AMERICAN CONSTRUCTION (NOA.CA) stock?

The dividend rating of NORTH AMERICAN CONSTRUCTION (NOA.CA) is 7 / 10 and the dividend payout ratio is 39.58%.