NORTH AMERICAN CONSTRUCTION (NOA.CA) Stock Fundamental Analysis
Canada - TSX:NOA - CA6568111067 - Common Stock
19.77 CAD
+0.12 (+0.61%)
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. There are concerns on the financial health of NOA while its profitability can be described as average. NOA has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year NOA was profitable.
In the past year NOA had a positive cash flow from operations.
NOA had positive earnings in each of the past 5 years.
In the past 5 years NOA always reported a positive cash flow from operatings.
1.2 Ratios
NOA's Return On Assets of 1.92% is on the low side compared to the rest of the industry. NOA is outperformed by 62.96% of its industry peers.
With a Return On Equity value of 7.63%, NOA perfoms like the industry average, outperforming 48.15% of the companies in the same 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
NOA's Profit Margin of 2.80% is in line compared to the rest of the industry. NOA outperforms 40.74% of its industry peers.
In the last couple of years the Profit Margin of NOA has declined.
NOA has a better Operating Margin (10.30%) than 66.67% of its industry peers.
NOA's Operating Margin has improved in the last couple of years.
NOA has a worse Gross Margin (14.42%) than 70.37% of its industry peers.
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.
NOA has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, NOA has more shares outstanding
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 62.96% of its industry peers.
A Debt/Equity ratio of 1.57 is on the high side and indicates that NOA has dependencies on debt financing.
The Debt to Equity ratio of NOA (1.57) is worse than 81.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.28 |
ROIC/WACC0.72
WACC9.22%
2.3 Liquidity
A Current Ratio of 0.94 indicates that NOA may have some problems paying 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 has a worse Quick ratio (0.75) than 70.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The earnings per share for NOA have decreased by -8.75% in the last year.
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.
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)-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
The Earnings Per Share is expected to decrease by -3.20% on average over the next years.
The Revenue is expected to grow by 5.19% 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 Year12.65%
Revenue Next 2Y8%
Revenue Next 3Y5.19%
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
A Price/Earnings ratio of 7.30 indicates a rather cheap valuation of NOA.
Based on the Price/Earnings ratio, NOA is valued cheaply inside the industry as 81.48% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of NOA to the average of the S&P500 Index (27.76), we can say NOA is valued rather cheaply.
A Price/Forward Earnings ratio of 5.75 indicates a rather cheap valuation of NOA.
Based on the Price/Forward Earnings ratio, NOA is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of NOA to the average of the S&P500 Index (23.18), we can say NOA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 5.75 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NOA.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.19 |
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)0.37
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.51%. Purely for dividend investing, there may be better candidates out there.
NOA's Dividend Yield is a higher than the industry average which is at 3.08.
Compared to an average S&P500 Dividend Yield of 2.41, NOA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
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 (9/30/2025, 7:00:00 PM)
19.77
+0.12 (+0.61%)
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 Cap579.26M
Analysts78
Price Target31.04 (57.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
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)-38.46%
EPS NQ rev (3m)-19.06%
EPS NY rev (1m)-21.09%
EPS NY rev (3m)-39.08%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)14.35%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)4.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 5.75 | ||
| P/S | 0.46 | ||
| P/FCF | N/A | ||
| P/OCF | 2.2 | ||
| P/B | 1.26 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 4.19 |
EPS(TTM)2.71
EY13.71%
EPS(NY)3.44
Fwd EY17.39%
FCF(TTM)-1.6
FCFYN/A
OCF(TTM)8.97
OCFY45.37%
SpS42.8
BVpS15.71
TBVpS15.36
PEG (NY)N/A
PEG (5Y)0.37
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%
ROICexcg growth 3Y25.02%
ROICexcg 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 | 1.28 |
F-Score6
WACC9.22%
ROIC/WACC0.72
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 Year12.65%
Revenue Next 2Y8%
Revenue Next 3Y5.19%
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%