NORTH AMERICAN CONSTRUCTION (NOA.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:NOA - CA6568111067 - Common Stock
21.06 CAD
+0.25 (+1.2%)
Overall NOA gets a fundamental rating of 3 out of 10. We evaluated NOA against 27 industry peers in the Energy Equipment & Services industry. NOA has a medium profitability rating, but doesn't score so well on its financial health evaluation. NOA has a decent growth rate and is not valued too expensively. NOA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NOA had positive earnings in the past year.
NOA had a positive operating cash flow in the past year.
NOA had positive earnings in each of the past 5 years.
Each year in the past 5 years NOA had a positive operating cash flow.
1.2 Ratios
NOA has a Return On Assets of 2.06%. This is comparable to the rest of the industry: NOA outperforms 40.74% of 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 in line with its industry peers.
The Average Return On Invested Capital over the past 3 years 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
The Profit Margin of NOA (3.00%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of NOA has declined.
The Operating Margin of NOA (8.68%) is comparable to the rest of the industry.
NOA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 12.88%, NOA is doing worse than 70.37% of the companies in the same industry.
In the last couple of years the Gross Margin of NOA has grown nicely.
| 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.
Compared to 5 years ago, NOA has more shares outstanding
NOA has a worse debt/assets ratio than last year.
2.2 Solvency
NOA has an Altman-Z score of 1.26. 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 (1.26) is worse than 62.96% 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.
The Debt to Equity ratio of NOA (1.59) is worse than 81.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.26 |
ROIC/WACC0.65
WACC8.61%
2.3 Liquidity
NOA has a Current 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 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.
The Quick ratio of NOA (0.73) is worse than 74.07% 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%.
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 8.24% 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)-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 -1.54% yearly.
NOA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.95% yearly.
EPS Next Y-45.71%
EPS Next 2Y-7.5%
EPS Next 3Y-1.54%
EPS Next 5YN/A
Revenue Next Year12.31%
Revenue Next 2Y9.91%
Revenue Next 3Y7.95%
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.
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
NOA is valuated reasonably with a Price/Earnings ratio of 9.53.
Based on the Price/Earnings ratio, NOA is valued a bit cheaper than 77.78% of the companies in the same industry.
When comparing the Price/Earnings ratio of NOA to the average of the S&P500 Index (27.19), we can say NOA is valued rather cheaply.
A Price/Forward Earnings ratio of 6.60 indicates a rather cheap valuation of NOA.
81.48% of the companies in the same industry are more expensive than NOA, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, NOA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.53 | ||
| Fwd PE | 6.6 |
4.2 Price Multiples
NOA's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.39 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y-7.5%
EPS Next 3Y-1.54%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.31%.
Compared to an average industry Dividend Yield of 1.28, NOA pays a bit more dividend than its industry peers.
NOA's Dividend Yield is a higher than the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
5.2 History
On average, the dividend of NOA grows each year by 31.86%, which is quite nice.
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
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-7.5%
EPS Next 3Y-1.54%
TSX:NOA (1/9/2026, 7:00:00 PM)
21.06
+0.25 (+1.2%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners66.82%
Inst Owner ChangeN/A
Ins Owners10.06%
Ins Owner ChangeN/A
Market Cap612.21M
Revenue(TTM)1.28B
Net Income(TTM)38.52M
Analysts77.78
Price Target30.89 (46.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
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)-0.93%
PT rev (3m)-0.47%
EPS NQ rev (1m)17.57%
EPS NQ rev (3m)9.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.53 | ||
| Fwd PE | 6.6 | ||
| P/S | 0.48 | ||
| P/FCF | N/A | ||
| P/OCF | 2 | ||
| P/B | 1.3 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 4.39 |
EPS(TTM)2.21
EY10.49%
EPS(NY)3.19
Fwd EY15.15%
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)10.54
OCFY50.06%
SpS44.18
BVpS16.21
TBVpS15.84
PEG (NY)N/A
PEG (5Y)0.48
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 | 1.26 |
F-Score5
WACC8.61%
ROIC/WACC0.65
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-45.71%
EPS Next 2Y-7.5%
EPS Next 3Y-1.54%
EPS Next 5YN/A
Revenue 1Y (TTM)8.24%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%10.59%
Revenue Next Year12.31%
Revenue Next 2Y9.91%
Revenue Next 3Y7.95%
Revenue Next 5YN/A
EBIT growth 1Y-37.63%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year96.81%
EBIT Next 3Y30.21%
EBIT Next 5Y22.48%
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 -45.71% 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%.