NORTH AMERICAN CONSTRUCTION (NOA.CA) Fundamental Analysis & Valuation
TSX:NOA • CA6568111067
Current stock price
19.82 CAD
+0.54 (+2.8%)
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.
- NOA had a positive operating cash flow in the past year.
- 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.
1.2 Ratios
- The Return On Assets of NOA (1.86%) is worse than 67.86% of its industry peers.
- NOA has a Return On Equity (7.41%) which is comparable to the rest of the industry.
- The Return On Invested Capital of NOA (5.20%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for NOA is significantly below the industry average of 12.60%.
| 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
- NOA's Profit Margin of 2.63% is on the low side compared to the rest of the industry. NOA is outperformed by 60.71% of its industry peers.
- 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.
- In the last couple of years the Operating Margin of NOA has remained more or less at the same level.
- The Gross Margin of NOA (12.64%) is worse than 67.86% of its industry peers.
- 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.
- Compared to 1 year ago, NOA has more shares outstanding
- 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.
2.2 Solvency
- NOA has an Altman-Z score of 1.24. This is a bad value and indicates that NOA is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 1.24, NOA is not doing good in the industry: 67.86% 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 | 1.24 |
ROIC/WACC0.82
WACC6.32%
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.
- Looking at the Current ratio, with a value of 0.88, NOA is doing worse than 89.29% of the companies in the same industry.
- 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: 89.29% 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
- 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.
- 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
- Based on estimates for the next years, NOA will show a very strong growth in Earnings Per Share. The EPS will grow by 85.11% on average per year.
- Based on estimates for the next years, NOA will show a small growth in Revenue. The Revenue will grow by 7.85% on average per year.
EPS Next Y156.43%
EPS Next 2Y85.11%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.33%
Revenue Next 2Y7.85%
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.
4. NOA.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 18.52, the valuation of NOA can be described as rather expensive.
- NOA's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 27.42, NOA is valued a bit cheaper.
- A Price/Forward Earnings ratio of 7.22 indicates a rather cheap valuation of NOA.
- 89.29% of the companies in the same industry are more expensive than NOA, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of NOA to the average of the S&P500 Index (22.24), we can say NOA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.52 | ||
| Fwd PE | 7.22 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NOA is valued cheaply inside the industry as 96.43% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.09 |
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 85.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y85.11%
EPS Next 3YN/A
5. NOA.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.48%, NOA has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.95, NOA pays a better dividend. On top of this NOA pays more dividend than 85.71% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, NOA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
5.2 History
- On average, the dividend of NOA grows each year by 25.23%, which is quite nice.
- 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
- 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 2Y85.11%
EPS Next 3YN/A
NOA.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:NOA (4/24/2026, 7:00:00 PM)
19.82
+0.54 (+2.8%)
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 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.48% |
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)-3.49%
EPS NY rev (3m)-11.65%
Revenue NQ rev (1m)-2.08%
Revenue NQ rev (3m)-6.41%
Revenue NY rev (1m)8.38%
Revenue NY rev (3m)1.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.52 | ||
| Fwd PE | 7.22 | ||
| P/S | 0.43 | ||
| P/FCF | N/A | ||
| P/OCF | 2.07 | ||
| P/B | 1.2 | ||
| P/tB | 1.23 | ||
| EV/EBITDA | 4.09 |
EPS(TTM)1.07
EY5.4%
EPS(NY)2.74
Fwd EY13.84%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)9.55
OCFY48.21%
SpS46.46
BVpS16.52
TBVpS16.07
PEG (NY)0.12
PEG (5Y)N/A
Graham Number19.9431 (0.62%)
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 | 1.24 |
F-Score6
WACC6.32%
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 Y156.43%
EPS Next 2Y85.11%
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 Year10.33%
Revenue Next 2Y7.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-28.61%
EBIT growth 3Y15.34%
EBIT growth 5Y22.58%
EBIT Next Year172.29%
EBIT Next 3Y44.74%
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 156.43% in the next year.