NORTH AMERICAN CONSTRUCTION (NOA.CA) Stock Fundamental Analysis
TSX:NOA • CA6568111067
22.84 CAD
+0.11 (+0.48%)
Last: Feb 27, 2026, 07:00 PM
Overall NOA gets a fundamental rating of 3 out of 10. We evaluated NOA against 27 industry peers in the Energy Equipment & Services industry. There are concerns on the financial health of NOA while its profitability can be described as average. NOA is not valued too expensively and it also shows a decent growth rate. Finally NOA also has an excellent dividend rating.
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.
- 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
- NOA has a Return On Assets (2.06%) which is in line with its industry peers.
- With a Return On Equity value of 8.18%, NOA perfoms like the industry average, outperforming 48.15% of the companies in the same industry.
- NOA has a Return On Invested Capital (5.59%) 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 177.00%.
| 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 comparable to the rest of the industry.
- NOA's Operating Margin has improved in the last couple of years.
- NOA has a worse Gross Margin (12.88%) 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
- Compared to 1 year ago, NOA has a worse debt to assets ratio.
2.2 Solvency
- NOA has an Altman-Z score of 1.28. This is a bad value and indicates that NOA is not financially healthy and even has some risk of bankruptcy.
- NOA's Altman-Z score of 1.28 is on the low side compared to the rest of the industry. NOA is outperformed by 70.37% of its industry peers.
- A Debt/Equity ratio of 1.59 is on the high side and indicates that NOA has dependencies on debt financing.
- NOA's Debt to Equity ratio of 1.59 is on the low side compared to the rest of the industry. NOA is outperformed by 81.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.28 |
ROIC/WACC0.64
WACC8.78%
2.3 Liquidity
- A Current Ratio of 0.91 indicates that NOA may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.91, NOA is doing worse than 77.78% of the companies in the same industry.
- 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.
- Looking at the Quick ratio, with a value of 0.73, NOA is doing worse than 74.07% of the companies in the same industry.
| 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%.
- 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 8.24% in the last year.
- NOA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.15% yearly.
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 -2.16% yearly.
- NOA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.24% yearly.
EPS Next Y-49.13%
EPS Next 2Y-13.04%
EPS Next 3Y-2.16%
EPS Next 5YN/A
Revenue Next Year6.41%
Revenue Next 2Y5.94%
Revenue Next 3Y5.24%
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
- With a Price/Earnings ratio of 10.33, the valuation of NOA can be described as very reasonable.
- NOA's Price/Earnings ratio is rather cheap when compared to the industry. NOA is cheaper than 85.19% of the companies in the same industry.
- NOA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.10.
- The Price/Forward Earnings ratio is 8.10, which indicates a very decent valuation of NOA.
- 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's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.33 | ||
| Fwd PE | 8.1 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NOA is valued a bit cheaper than the industry average as 70.37% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.54 |
4.3 Compensation for Growth
- A cheap valuation may be justified as NOA's earnings are expected to decrease with -2.16% in the coming years.
PEG (NY)N/A
PEG (5Y)0.52
EPS Next 2Y-13.04%
EPS Next 3Y-2.16%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.22%, NOA has a reasonable but not impressive dividend return.
- NOA's Dividend Yield is a higher than the industry average which is at 1.12.
- NOA's Dividend Yield is a higher than the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
5.2 History
- On average, the dividend of NOA grows each year by 31.86%, 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)31.86%
Div Incr Years3
Div Non Decr Years10
5.3 Sustainability
- NOA pays out 32.95% of its income as dividend. This is a sustainable payout ratio.
DP32.95%
EPS Next 2Y-13.04%
EPS Next 3Y-2.16%
TSX:NOA (2/27/2026, 7:00:00 PM)
22.84
+0.11 (+0.48%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-12 2025-11-12/amc
Earnings (Next)02-18 2026-02-18/bmo
Inst Owners66.82%
Inst Owner ChangeN/A
Ins Owners10.06%
Ins Owner ChangeN/A
Market Cap663.96M
Revenue(TTM)1.28B
Net Income(TTM)38.52M
Analysts80
Price Target30.19 (32.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
Yearly Dividend0.4
Dividend Growth(5Y)31.86%
DP32.95%
Div Incr Years3
Div Non Decr Years10
Ex-DateN/A
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)-2.26%
PT rev (3m)-2.72%
EPS NQ rev (1m)-17.82%
EPS NQ rev (3m)-9.87%
EPS NY rev (1m)-5.96%
EPS NY rev (3m)-18.82%
Revenue NQ rev (1m)-5.15%
Revenue NQ rev (3m)-2.35%
Revenue NY rev (1m)-5.26%
Revenue NY rev (3m)-2.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.33 | ||
| Fwd PE | 8.1 | ||
| P/S | 0.52 | ||
| P/FCF | N/A | ||
| P/OCF | 2.17 | ||
| P/B | 1.41 | ||
| P/tB | 1.44 | ||
| EV/EBITDA | 4.54 |
EPS(TTM)2.21
EY9.68%
EPS(NY)2.82
Fwd EY12.35%
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)10.54
OCFY46.16%
SpS44.18
BVpS16.21
TBVpS15.84
PEG (NY)N/A
PEG (5Y)0.52
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 | 1.28 |
F-Score5
WACC8.78%
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-49.13%
EPS Next 2Y-13.04%
EPS Next 3Y-2.16%
EPS Next 5YN/A
Revenue 1Y (TTM)8.24%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%10.59%
Revenue Next Year6.41%
Revenue Next 2Y5.94%
Revenue Next 3Y5.24%
Revenue Next 5YN/A
EBIT growth 1Y-37.63%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year94.31%
EBIT Next 3Y29.79%
EBIT Next 5Y22.02%
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
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 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.
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 -49.13% 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 32.95%.