NORTH AMERICAN CONSTRUCTION (NOA.CA) Fundamental Analysis & Valuation
TSX:NOA • CA6568111067
Current stock price
19.43 CAD
+0.19 (+0.99%)
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.
- Each year in the past 5 years NOA had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of NOA (1.86%) is worse than 64.29% of its industry peers.
- Looking at the Return On Equity, with a value of 7.41%, NOA is in line with its industry, outperforming 50.00% of the companies in the same industry.
- NOA has a Return On Invested Capital (5.20%) which 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 12.53%.
| 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: 60.71% of the companies in the same industry are doing better.
- NOA's Profit Margin has declined in the last couple of years.
- With a decent Operating Margin value of 8.57%, NOA is doing good in the industry, outperforming 64.29% of the companies in the same industry.
- NOA's Operating Margin has been stable in the last couple of years.
- NOA's Gross Margin of 12.64% is on the low side compared to the rest of the industry. NOA is outperformed by 67.86% of its industry peers.
- In the last couple of years the Gross Margin of NOA has remained more or less at the same level.
| 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.
- The number of shares outstanding for NOA has been increased compared to 1 year ago.
- Compared to 5 years ago, NOA has less shares outstanding
- Compared to 1 year ago, NOA has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.25, we must say that NOA is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 1.25, NOA is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
- NOA has a Debt/Equity ratio of 1.64. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.64, NOA is not doing good in the industry: 82.14% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.64 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.25 |
ROIC/WACC0.71
WACC7.32%
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: 85.71% of the companies in the same industry are doing better.
- 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.
- With a Quick ratio value of 0.70, NOA is not doing good in the industry: 85.71% 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%.
- NOA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.82% yearly.
- The Revenue has grown by 10.17% in the past year. This is quite good.
- 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
- The Earnings Per Share is expected to decrease by -1.89% on average over the next years.
- Based on estimates for the next years, NOA will show a small growth in Revenue. The Revenue will grow by 5.51% on average per year.
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
- The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. NOA.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 18.16, which indicates a rather expensive current valuation of NOA.
- The rest of the industry has a similar Price/Earnings ratio as NOA.
- When comparing the Price/Earnings ratio of NOA to the average of the S&P500 Index (26.91), we can say NOA is valued slightly cheaper.
- NOA is valuated cheaply with a Price/Forward Earnings ratio of 6.83.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 89.29% of the companies listed in the same industry.
- NOA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.16 | ||
| Fwd PE | 6.83 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 96.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.12 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.92
EPS Next 2Y-12.69%
EPS Next 3Y-1.89%
5. NOA.CA Dividend Analysis
5.1 Amount
- NOA has a Yearly Dividend Yield of 2.59%.
- NOA's Dividend Yield is rather good when compared to the industry average which is at 0.91. NOA pays more dividend than 85.71% of the companies in the same industry.
- NOA's Dividend Yield is a higher than the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
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 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
- 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 Fundamentals: All Metrics, Ratios and Statistics
TSX:NOA (4/8/2026, 7:00:00 PM)
19.43
+0.19 (+0.99%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)03-11 2026-03-11/amc
Earnings (Next)04-29 2026-04-29
Inst Owners67.7%
Inst Owner ChangeN/A
Ins Owners8.75%
Ins Owner ChangeN/A
Market Cap537.05M
Revenue(TTM)1.28B
Net Income(TTM)33.83M
Analysts82.5
Price Target29.78 (53.27%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
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)-1.35%
PT rev (3m)-3.58%
EPS NQ rev (1m)-39.23%
EPS NQ rev (3m)-56.59%
EPS NY rev (1m)-8.46%
EPS NY rev (3m)-10.92%
Revenue NQ rev (1m)-6.4%
Revenue NQ rev (3m)-6.4%
Revenue NY rev (1m)-6.4%
Revenue NY rev (3m)-6.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.16 | ||
| Fwd PE | 6.83 | ||
| P/S | 0.42 | ||
| P/FCF | N/A | ||
| P/OCF | 2.03 | ||
| P/B | 1.18 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 4.12 |
EPS(TTM)1.07
EY5.51%
EPS(NY)2.84
Fwd EY14.63%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)9.55
OCFY49.17%
SpS46.46
BVpS16.52
TBVpS16.07
PEG (NY)N/A
PEG (5Y)0.92
Graham Number19.94
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
WACC7.32%
ROIC/WACC0.71
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.
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 decline by -48.72% in the next year.