NORTH AMERICAN CONSTRUCTION (NOA.CA) Stock Fundamental Analysis
Canada - TSX:NOA - CA6568111067 - Common Stock
21.02 CAD
+0.29 (+1.4%)
Taking everything into account, NOA scores 3 out of 10 in our fundamental rating. NOA was compared to 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year NOA was profitable.
NOA had a positive operating cash flow in the past year.
In the past 5 years NOA has always been profitable.
In the past 5 years NOA always reported a positive cash flow from operatings.
1.2 Ratios
NOA has a worse Return On Assets (1.92%) than 62.96% of its industry peers.
NOA has a Return On Equity (7.63%) which is comparable to the rest of the industry.
NOA has a Return On Invested Capital of 6.62%. This is comparable to the rest of the industry: NOA outperforms 51.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NOA is below the industry average of 11.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 7.63% | ||
| ROIC | 6.62% |
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 2.80%, 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's Operating Margin of 10.30% is fine compared to the rest of the industry. NOA outperforms 66.67% of its industry peers.
NOA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 14.42%, NOA is doing worse than 70.37% of the companies in the same industry.
NOA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.3% | ||
| PM (TTM) | 2.8% | ||
| GM | 14.42% |
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.
The debt/assets ratio for NOA is higher compared to a year ago.
2.2 Solvency
NOA has an Altman-Z score of 1.30. This is a bad value and indicates that NOA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NOA (1.30) is comparable to the rest of the industry.
NOA has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
NOA has a Debt to Equity ratio of 1.57. This is amonst the worse of the industry: NOA underperforms 81.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.3 |
ROIC/WACC0.76
WACC8.68%
2.3 Liquidity
NOA has a Current Ratio of 0.94. 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 0.94, NOA is doing worse than 74.07% of the companies in the same industry.
NOA has a Quick Ratio of 0.94. 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's Quick ratio of 0.75 is on the low side compared to the rest of the industry. NOA is outperformed by 70.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
NOA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.75%.
Measured over the past years, NOA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.82% on average per year.
Looking at the last year, NOA shows a quite strong growth in Revenue. The Revenue has grown by 14.35% in the last year.
The Revenue has been growing by 10.15% on average over the past years. This is quite good.
EPS 1Y (TTM)-8.75%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-97.44%
Revenue 1Y (TTM)14.35%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%16.04%
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.
Based on estimates for the next years, NOA will show a small growth in Revenue. The Revenue will grow by 4.33% on average per year.
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 2Y7.54%
Revenue Next 3Y4.33%
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
With a Price/Earnings ratio of 7.76, the valuation of NOA can be described as very cheap.
Based on the Price/Earnings ratio, NOA is valued a bit cheaper than 74.07% of the companies in the same industry.
When comparing the Price/Earnings ratio of NOA to the average of the S&P500 Index (27.57), we can say NOA is valued rather cheaply.
NOA is valuated cheaply with a Price/Forward Earnings ratio of 6.11.
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.
The average S&P500 Price/Forward Earnings ratio is at 23.09. NOA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.76 | ||
| Fwd PE | 6.11 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOA is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.3 |
4.3 Compensation for Growth
A cheap valuation may be justified as NOA's earnings are expected to decrease with -3.20% in the coming years.
PEG (NY)N/A
PEG (5Y)0.39
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.37%.
NOA's Dividend Yield is a higher than the industry average which is at 3.23.
NOA's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.37% |
5.2 History
The dividend of NOA is nicely growing with an annual growth rate of 31.86%!
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
33.81% of the earnings are spent on dividend by NOA. This is a low number and sustainable payout ratio.
DP33.81%
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
TSX:NOA (10/22/2025, 7:00:00 PM)
21.02
+0.29 (+1.4%)
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 Cap615.89M
Revenue(TTM)1.25B
Net Income(TTM)35.12M
Analysts78
Price Target31.04 (47.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.37% |
Yearly Dividend0.4
Dividend Growth(5Y)31.86%
DP33.81%
Div Incr Years3
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-65.51%
Min EPS beat(2)-97.55%
Max EPS beat(2)-33.48%
EPS beat(4)1
Avg EPS beat(4)-31.75%
Min EPS beat(4)-97.55%
Max EPS beat(4)5.82%
EPS beat(8)2
Avg EPS beat(8)-17.35%
EPS beat(12)5
Avg EPS beat(12)-4.13%
EPS beat(16)7
Avg EPS beat(16)-6.05%
Revenue beat(2)1
Avg Revenue beat(2)1.8%
Min Revenue beat(2)-5.2%
Max Revenue beat(2)8.8%
Revenue beat(4)1
Avg Revenue beat(4)-2.36%
Min Revenue beat(4)-9.63%
Max Revenue beat(4)8.8%
Revenue beat(8)1
Avg Revenue beat(8)-5.69%
Revenue beat(12)3
Avg Revenue beat(12)-3.31%
Revenue beat(16)5
Avg Revenue beat(16)-3.06%
PT rev (1m)0%
PT rev (3m)-23.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-33.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-39.08%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)-3.47%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.76 | ||
| Fwd PE | 6.11 | ||
| P/S | 0.49 | ||
| P/FCF | N/A | ||
| P/OCF | 2.34 | ||
| P/B | 1.34 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 4.3 |
EPS(TTM)2.71
EY12.89%
EPS(NY)3.44
Fwd EY16.36%
FCF(TTM)-1.6
FCFYN/A
OCF(TTM)8.97
OCFY42.67%
SpS42.8
BVpS15.71
TBVpS15.36
PEG (NY)N/A
PEG (5Y)0.39
Graham Number30.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.92% | ||
| ROE | 7.63% | ||
| ROCE | 9.01% | ||
| ROIC | 6.62% | ||
| ROICexc | 7% | ||
| ROICexgc | 7.06% | ||
| OM | 10.3% | ||
| PM (TTM) | 2.8% | ||
| GM | 14.42% | ||
| 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-Score6
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.21 | ||
| Cap/Depr | 156.16% | ||
| Cap/Sales | 24.7% | ||
| Interest Coverage | 1.84 | ||
| Cash Conversion | 80.26% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 1.3 |
F-Score6
WACC8.68%
ROIC/WACC0.76
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)-8.75%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-97.44%
EPS Next Y-37.34%
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
EPS Next 5YN/A
Revenue 1Y (TTM)14.35%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%16.04%
Revenue Next Year8.74%
Revenue Next 2Y7.54%
Revenue Next 3Y4.33%
Revenue Next 5YN/A
EBIT growth 1Y-6.82%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year97.49%
EBIT Next 3Y28.3%
EBIT Next 5YN/A
FCF growth 1Y-201.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y44.77%
OCF growth 3Y9.62%
OCF growth 5Y6.62%