NORTH AMERICAN CONSTRUCTION (NOA.CA) Fundamental Analysis & Valuation

TSX:NOA • CA6568111067

Current stock price

19.19 CAD
-0.15 (-0.78%)
Last:

This NOA.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. NOA.CA Profitability Analysis

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.
NOA.CA Yearly Net Income VS EBIT VS OCF VS FCFNOA.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • NOA has a worse Return On Assets (1.86%) than 67.86% of its industry peers.
  • NOA's Return On Equity of 7.41% is in line compared to the rest of the industry. NOA outperforms 53.57% of its industry peers.
  • NOA has a Return On Invested Capital of 5.20%. This is comparable to the rest of the industry: NOA outperforms 46.43% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NOA is significantly below the industry average of 12.60%.
Industry RankSector 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%
NOA.CA Yearly ROA, ROE, ROICNOA.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • NOA has a Profit Margin of 2.63%. This is in the lower half of the industry: NOA underperforms 60.71% of its industry peers.
  • NOA's Profit Margin has declined in the last couple of years.
  • NOA has a better Operating Margin (8.57%) than 60.71% of its industry peers.
  • NOA's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 12.64%, NOA is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of NOA has remained more or less at the same level.
Industry RankSector 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%
NOA.CA Yearly Profit, Operating, Gross MarginsNOA.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. NOA.CA Health Analysis

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 more shares outstanding
  • The number of shares outstanding for NOA has been reduced compared to 5 years ago.
  • Compared to 1 year ago, NOA has a worse debt to assets ratio.
NOA.CA Yearly Shares OutstandingNOA.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
NOA.CA Yearly Total Debt VS Total AssetsNOA.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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 67.86% of its industry peers.
  • NOA has a Debt/Equity ratio of 1.64. This is a high value indicating a heavy dependency on external financing.
  • NOA has a Debt to Equity ratio of 1.64. This is amonst the worse of the industry: NOA underperforms 82.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF N/A
Altman-Z 1.24
ROIC/WACC0.82
WACC6.32%
NOA.CA Yearly LT Debt VS Equity VS FCFNOA.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 0.88 indicates that NOA may have some problems paying its short term obligations.
  • NOA's Current ratio of 0.88 is on the low side compared to the rest of the industry. NOA is outperformed by 89.29% of its industry peers.
  • A Quick Ratio of 0.70 indicates that NOA may have some problems paying its short term obligations.
  • NOA's Quick ratio of 0.70 is on the low side compared to the rest of the industry. NOA is outperformed by 89.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.7
NOA.CA Yearly Current Assets VS Current LiabilitesNOA.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NOA.CA Growth Analysis

3.1 Past

  • NOA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -71.31%.
  • The Earnings Per Share has been decreasing by -9.58% on average over the past years.
  • Looking at the last year, NOA shows a quite strong growth in Revenue. The Revenue has grown by 10.17% in the last year.
  • 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

  • The Earnings Per Share is expected to grow by 85.11% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 7.85% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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.
NOA.CA Yearly Revenue VS EstimatesNOA.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
NOA.CA Yearly EPS VS EstimatesNOA.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3

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6

4. NOA.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.93, which indicates a rather expensive current valuation of NOA.
  • The rest of the industry has a similar Price/Earnings ratio as NOA.
  • Compared to an average S&P500 Price/Earnings ratio of 27.89, NOA is valued a bit cheaper.
  • NOA is valuated cheaply with a Price/Forward Earnings ratio of 6.99.
  • Based on the Price/Forward Earnings ratio, NOA is valued cheaper than 89.29% of the companies in the same industry.
  • NOA is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.50, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.93
Fwd PE 6.99
NOA.CA Price Earnings VS Forward Price EarningsNOA.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NOA is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.1
NOA.CA Per share dataNOA.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

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.
  • A more expensive valuation may be justified as NOA's earnings are expected to grow with 85.11% in the coming years.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y85.11%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. NOA.CA Dividend Analysis

5.1 Amount

  • NOA has a Yearly Dividend Yield of 2.48%. Purely for dividend investing, there may be better candidates out there.
  • NOA's Dividend Yield is rather good when compared to the industry average which is at 0.95. NOA pays more dividend than 85.71% of the companies in the same industry.
  • NOA's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)25.23%
Div Incr Years4
Div Non Decr Years11
NOA.CA Yearly Dividends per shareNOA.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 39.58% of the earnings are spent on dividend by NOA. This is a low number and sustainable payout ratio.
  • The dividend of NOA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.58%
EPS Next 2Y85.11%
EPS Next 3YN/A
NOA.CA Yearly Income VS Free CF VS DividendNOA.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M -40M 60M -60M
NOA.CA Dividend Payout.NOA.CA Dividend Payout, showing the Payout Ratio.NOA.CA Dividend Payout.PayoutRetained Earnings

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NOA.CA Fundamentals: All Metrics, Ratios and Statistics

NORTH AMERICAN CONSTRUCTION

TSX:NOA (4/17/2026, 7:00:00 PM)

19.19

-0.15 (-0.78%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)03-11
Earnings (Next)04-29
Inst Owners71.33%
Inst Owner ChangeN/A
Ins Owners9.21%
Ins Owner ChangeN/A
Market Cap530.41M
Revenue(TTM)1.28B
Net Income(TTM)33.83M
Analysts82.5
Price Target26.78 (39.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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
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 RankSector Rank
PE 17.93
Fwd PE 6.99
P/S 0.41
P/FCF N/A
P/OCF 2.01
P/B 1.16
P/tB 1.19
EV/EBITDA 4.1
EPS(TTM)1.07
EY5.58%
EPS(NY)2.74
Fwd EY14.3%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)9.55
OCFY49.79%
SpS46.46
BVpS16.52
TBVpS16.07
PEG (NY)0.11
PEG (5Y)N/A
Graham Number19.9431 (3.92%)
Profitability
Industry RankSector 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 RankSector 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 3 / 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 3 / 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.