NORTH AMERICAN CONSTRUCTION (NOA.CA) Stock Fundamental Analysis
TSX:NOA - Toronto Stock Exchange - CA6568111067 - Common Stock - Currency: CAD
Overall NOA gets a fundamental rating of 4 out of 10. We evaluated NOA against 28 industry peers in the Energy Equipment & Services industry. NOA has a medium profitability rating, but doesn't score so well on its financial health evaluation. NOA has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
NOA had positive earnings in the past year.
NOA had a positive operating cash flow in the past year.
Each year in the past 5 years NOA has been profitable.
NOA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NOA's Return On Assets of 2.17% is in line compared to the rest of the industry. NOA outperforms 42.86% of its industry peers.
Looking at the Return On Equity, with a value of 8.42%, NOA is in line with its industry, outperforming 53.57% of the companies in the same industry.
NOA has a Return On Invested Capital (7.63%) which is in line with its industry peers.
NOA had an Average Return On Invested Capital over the past 3 years of 6.92%. This is below the industry average of 10.68%.
The last Return On Invested Capital (7.63%) for NOA is above the 3 year average (6.92%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 8.42% | ||
| ROIC | 7.63% |
ROA(3y)4.52%
ROA(5y)5.07%
ROE(3y)17.02%
ROE(5y)17.87%
ROIC(3y)6.92%
ROIC(5y)5.82%
1.3 Margins
The Profit Margin of NOA (3.21%) is comparable to the rest of the industry.
NOA's Profit Margin has declined in the last couple of years.
NOA has a better Operating Margin (12.00%) than 78.57% of its industry peers.
In the last couple of years the Operating Margin of NOA has grown nicely.
The Gross Margin of NOA (16.09%) is worse than 67.86% of its industry peers.
In the last couple of years the Gross Margin of NOA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12% | ||
| PM (TTM) | 3.21% | ||
| GM | 16.09% |
OM growth 3Y27.21%
OM growth 5Y10.09%
PM growth 3Y-21.64%
PM growth 5Y-5.91%
GM growth 3Y14.79%
GM growth 5Y6.09%
2. Health
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 about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for NOA has been increased compared to 5 years ago.
NOA has a worse debt/assets ratio than last year.
2.2 Solvency
NOA has an Altman-Z score of 1.34. 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 1.34. This is in the lower half of the industry: NOA underperforms 64.29% of its industry peers.
A Debt/Equity ratio of 1.44 is on the high side and indicates that NOA has dependencies on debt financing.
The Debt to Equity ratio of NOA (1.44) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.34 |
ROIC/WACC0.84
WACC9.11%
2.3 Liquidity
NOA has a Current Ratio of 0.92. This is a bad value and indicates that NOA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of NOA (0.92) is worse than 75.00% of its industry peers.
A Quick Ratio of 0.74 indicates that NOA may have some problems paying its short term obligations.
With a Quick ratio value of 0.74, NOA is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
NOA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.45%, which is quite impressive.
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 19.13% 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)30.45%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)19.13%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%14.75%
3.2 Future
Based on estimates for the next years, NOA will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.59% on average per year.
NOA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.34% yearly.
EPS Next Y2.86%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
EPS Next 5YN/A
Revenue Next Year8.15%
Revenue Next 2Y6.25%
Revenue Next 3Y5.34%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 6.48 indicates a rather cheap valuation of NOA.
85.71% of the companies in the same industry are more expensive than NOA, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.45, NOA is valued rather cheaply.
NOA is valuated cheaply with a Price/Forward Earnings ratio of 5.53.
Based on the Price/Forward Earnings ratio, NOA is valued cheaply inside the industry as 82.14% of the companies are valued more expensively.
NOA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 5.53 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOA indicates a somewhat cheap valuation: NOA is cheaper than 60.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.24 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
NOA's earnings are expected to decrease with -10.59% in the coming years. This may justify a cheaper valuation.
PEG (NY)2.27
PEG (5Y)0.33
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.10%.
Compared to an average industry Dividend Yield of 17.14, NOA pays a bit more dividend than its industry peers.
NOA's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
5.2 History
On average, the dividend of NOA grows each year by 31.86%, 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)31.86%
Div Incr Years3
Div Non Decr Years10
5.3 Sustainability
28.27% of the earnings are spent on dividend by NOA. This is a low number and sustainable payout ratio.
DP28.27%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
TSX:NOA (7/4/2025, 7:00:00 PM)
22.48
+0.16 (+0.72%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners77.48%
Inst Owner ChangeN/A
Ins Owners9.67%
Ins Owner ChangeN/A
Market Cap661.59M
Analysts82.22
Price Target40.65 (80.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
Yearly Dividend0.4
Dividend Growth(5Y)31.86%
DP28.27%
Div Incr Years3
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.64%
Min EPS beat(2)-33.48%
Max EPS beat(2)-1.79%
EPS beat(4)1
Avg EPS beat(4)-11.6%
Min EPS beat(4)-33.48%
Max EPS beat(4)5.82%
EPS beat(8)3
Avg EPS beat(8)-1.19%
EPS beat(12)5
Avg EPS beat(12)-0.03%
EPS beat(16)7
Avg EPS beat(16)-0.74%
Revenue beat(2)1
Avg Revenue beat(2)2.69%
Min Revenue beat(2)-3.42%
Max Revenue beat(2)8.8%
Revenue beat(4)1
Avg Revenue beat(4)-5.26%
Min Revenue beat(4)-16.8%
Max Revenue beat(4)8.8%
Revenue beat(8)1
Avg Revenue beat(8)-5.09%
Revenue beat(12)4
Avg Revenue beat(12)-2.77%
Revenue beat(16)5
Avg Revenue beat(16)-2.84%
PT rev (1m)0%
PT rev (3m)-3.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 5.53 | ||
| P/S | 0.55 | ||
| P/FCF | N/A | ||
| P/OCF | 2.57 | ||
| P/B | 1.43 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 4.24 |
EPS(TTM)3.47
EY15.44%
EPS(NY)4.06
Fwd EY18.07%
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)8.74
OCFY38.87%
SpS41.1
BVpS15.7
TBVpS15.35
PEG (NY)2.27
PEG (5Y)0.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 8.42% | ||
| ROCE | 10.39% | ||
| ROIC | 7.63% | ||
| ROICexc | 8.08% | ||
| ROICexgc | 8.14% | ||
| OM | 12% | ||
| PM (TTM) | 3.21% | ||
| GM | 16.09% | ||
| FCFM | N/A |
ROA(3y)4.52%
ROA(5y)5.07%
ROE(3y)17.02%
ROE(5y)17.87%
ROIC(3y)6.92%
ROIC(5y)5.82%
ROICexc(3y)7.45%
ROICexc(5y)6.21%
ROICexgc(3y)7.51%
ROICexgc(5y)6.25%
ROCE(3y)9.42%
ROCE(5y)7.93%
ROICexcg growth 3Y25.02%
ROICexcg growth 5Y5.06%
ROICexc growth 3Y24.95%
ROICexc growth 5Y4.89%
OM growth 3Y27.21%
OM growth 5Y10.09%
PM growth 3Y-21.64%
PM growth 5Y-5.91%
GM growth 3Y14.79%
GM growth 5Y6.09%
F-Score6
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.02 | ||
| Cap/Depr | 169.25% | ||
| Cap/Sales | 25.67% | ||
| Interest Coverage | 2.13 | ||
| Cash Conversion | 78.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 1.34 |
F-Score6
WACC9.11%
ROIC/WACC0.84
Cap/Depr(3y)140.73%
Cap/Depr(5y)131.94%
Cap/Sales(3y)20.21%
Cap/Sales(5y)20.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)30.45%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-33.33%
EPS Next Y2.86%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
EPS Next 5YN/A
Revenue 1Y (TTM)19.13%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%14.75%
Revenue Next Year8.15%
Revenue Next 2Y6.25%
Revenue Next 3Y5.34%
Revenue Next 5YN/A
EBIT growth 1Y32.65%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year123.85%
EBIT Next 3Y32.78%
EBIT Next 5YN/A
FCF growth 1Y-202.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y45.42%
OCF growth 3Y9.62%
OCF growth 5Y6.62%