NORTH AMERICAN CONSTRUCTION (NOA.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:NOA - CA6568111067 - Common Stock
20.04 CAD
+0.28 (+1.42%)
NOA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 27 industry peers in the Energy Equipment & Services industry. While NOA is still in line with the averages on profitability rating, there are concerns on its financial health. NOA is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
NOA had positive earnings in the past year.
In the past year NOA had a positive cash flow from operations.
In the past 5 years NOA has always been profitable.
Each year in the past 5 years NOA had a positive operating cash flow.
1.2 Ratios
NOA has a Return On Assets (2.06%) which is comparable to the rest of the industry.
NOA's Return On Equity of 8.18% is in line compared to the rest of the industry. NOA outperforms 48.15% of its industry peers.
NOA has a Return On Invested Capital of 5.59%. This is comparable to the rest of the industry: NOA outperforms 40.74% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NOA is significantly below the industry average of 169.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.06% | ||
| ROE | 8.18% | ||
| ROIC | 5.59% |
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
Looking at the Profit Margin, with a value of 3.00%, NOA is in line with its industry, outperforming 40.74% of the companies in the same industry.
NOA's Profit Margin has declined in the last couple of years.
NOA has a Operating Margin (8.68%) which is in line with its industry peers.
NOA's Operating Margin has improved in the last couple of years.
The Gross Margin of NOA (12.88%) is worse than 70.37% of its industry peers.
NOA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.68% | ||
| PM (TTM) | 3% | ||
| GM | 12.88% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NOA is destroying value.
Compared to 1 year ago, NOA has about the same amount of shares outstanding.
NOA has more shares outstanding than it did 5 years ago.
NOA has a worse debt/assets ratio than last year.
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.
NOA has a Altman-Z score of 1.24. This is in the lower half of the industry: NOA underperforms 66.67% of its industry peers.
NOA has a Debt/Equity ratio of 1.59. This is a high value indicating a heavy dependency on external financing.
NOA has a Debt to Equity ratio of 1.59. This is amonst the worse of the industry: NOA underperforms 85.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.24 |
ROIC/WACC0.64
WACC8.77%
2.3 Liquidity
A Current Ratio of 0.91 indicates that NOA may have some problems paying its short term obligations.
NOA has a Current ratio of 0.91. This is amonst the worse of the industry: NOA underperforms 81.48% of its industry peers.
NOA has a Quick Ratio of 0.91. 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 Quick ratio of 0.73. This is in the lower half of the industry: NOA underperforms 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
NOA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.61%.
The Earnings Per Share has been growing by 19.82% on average over the past years. This is quite good.
NOA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.24%.
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)-38.61%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-42.74%
Revenue 1Y (TTM)8.24%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%10.59%
3.2 Future
NOA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.20% yearly.
The Revenue is expected to grow by 4.41% on average over the next years.
EPS Next Y-37.34%
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
EPS Next 5YN/A
Revenue Next Year8.74%
Revenue Next 2Y7.61%
Revenue Next 3Y4.41%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.07, which indicates a very decent valuation of NOA.
Based on the Price/Earnings ratio, NOA is valued cheaper than 81.48% of the companies in the same industry.
NOA is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 5.83, the valuation of NOA can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 85.19% of the companies listed in the same industry.
NOA is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 5.83 |
4.2 Price Multiples
NOA's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.3 |
4.3 Compensation for Growth
NOA's earnings are expected to decrease with -3.20% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.46
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.43%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.23, NOA pays a bit more dividend than its industry peers.
NOA's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
5.2 History
The dividend of NOA is nicely growing with an annual growth rate of 31.86%!
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)31.86%
Div Incr Years3
Div Non Decr Years10
5.3 Sustainability
32.95% of the earnings are spent on dividend by NOA. This is a low number and sustainable payout ratio.
DP32.95%
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
TSX:NOA (11/28/2025, 7:00:00 PM)
20.04
+0.28 (+1.42%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners72.74%
Inst Owner ChangeN/A
Ins Owners9.97%
Ins Owner ChangeN/A
Market Cap582.56M
Revenue(TTM)1.28B
Net Income(TTM)38.52M
Analysts78
Price Target31.18 (55.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.43% |
Yearly Dividend0.4
Dividend Growth(5Y)31.86%
DP32.95%
Div Incr Years3
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-59.29%
Min EPS beat(2)-97.55%
Max EPS beat(2)-21.03%
EPS beat(4)0
Avg EPS beat(4)-38.46%
Min EPS beat(4)-97.55%
Max EPS beat(4)-1.79%
EPS beat(8)2
Avg EPS beat(8)-19.74%
EPS beat(12)5
Avg EPS beat(12)-5.8%
EPS beat(16)6
Avg EPS beat(16)-7.94%
Revenue beat(2)0
Avg Revenue beat(2)-7.6%
Min Revenue beat(2)-9.99%
Max Revenue beat(2)-5.2%
Revenue beat(4)1
Avg Revenue beat(4)-2.45%
Min Revenue beat(4)-9.99%
Max Revenue beat(4)8.8%
Revenue beat(8)1
Avg Revenue beat(8)-5.8%
Revenue beat(12)3
Avg Revenue beat(12)-3.86%
Revenue beat(16)4
Avg Revenue beat(16)-3.79%
PT rev (1m)0.47%
PT rev (3m)0.47%
EPS NQ rev (1m)-6.72%
EPS NQ rev (3m)-30.19%
EPS NY rev (1m)0%
EPS NY rev (3m)-21.09%
Revenue NQ rev (1m)1.7%
Revenue NQ rev (3m)-0.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 5.83 | ||
| P/S | 0.45 | ||
| P/FCF | N/A | ||
| P/OCF | 1.9 | ||
| P/B | 1.24 | ||
| P/tB | 1.27 | ||
| EV/EBITDA | 4.3 |
EPS(TTM)2.21
EY11.03%
EPS(NY)3.44
Fwd EY17.16%
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)10.54
OCFY52.61%
SpS44.18
BVpS16.21
TBVpS15.84
PEG (NY)N/A
PEG (5Y)0.46
Graham Number28.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.06% | ||
| ROE | 8.18% | ||
| ROCE | 7.62% | ||
| ROIC | 5.59% | ||
| ROICexc | 6.01% | ||
| ROICexgc | 6.06% | ||
| OM | 8.68% | ||
| PM (TTM) | 3% | ||
| GM | 12.88% | ||
| 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%
ROICexgc growth 3Y25.02%
ROICexgc 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-Score5
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.33 | ||
| Cap/Depr | 149.18% | ||
| Cap/Sales | 24.33% | ||
| Interest Coverage | 1.53 | ||
| Cash Conversion | 95.49% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 1.24 |
F-Score5
WACC8.77%
ROIC/WACC0.64
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)-38.61%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-42.74%
EPS Next Y-37.34%
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
EPS Next 5YN/A
Revenue 1Y (TTM)8.24%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%10.59%
Revenue Next Year8.74%
Revenue Next 2Y7.61%
Revenue Next 3Y4.41%
Revenue Next 5YN/A
EBIT growth 1Y-37.63%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year97.49%
EBIT Next 3Y28.3%
EBIT Next 5YN/A
FCF growth 1Y-113.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y63.34%
OCF growth 3Y9.62%
OCF growth 5Y6.62%
NORTH AMERICAN CONSTRUCTION / NOA.CA FAQ
Can you provide the ChartMill fundamental rating for NORTH AMERICAN CONSTRUCTION?
ChartMill assigns a fundamental rating of 3 / 10 to NOA.CA.
What is the valuation status of NORTH AMERICAN CONSTRUCTION (NOA.CA) stock?
ChartMill assigns a valuation rating of 5 / 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.
Can you provide the PE and PB ratios for NOA stock?
The Price/Earnings (PE) ratio for NORTH AMERICAN CONSTRUCTION (NOA.CA) is 9.07 and the Price/Book (PB) ratio is 1.24.
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 -37.34% in the next year.