NORTH AMERICAN CONSTRUCTION (NOA) Stock Fundamental Analysis
NYSE:NOA - New York Stock Exchange, Inc. - CA6568111067 - Common Stock - Currency: USD
Overall NOA gets a fundamental rating of 4 out of 10. We evaluated NOA against 62 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 correct valuation and a medium growth rate.
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.
In the past 5 years NOA has always been profitable.
NOA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NOA has a Return On Assets (2.60%) which is in line with its industry peers.
NOA has a better Return On Equity (11.34%) than 61.29% of its industry peers.
NOA has a better Return On Invested Capital (8.21%) than 66.13% of its industry peers.
NOA had an Average Return On Invested Capital over the past 3 years of 6.92%. This is in line with the industry average of 8.05%.
The last Return On Invested Capital (8.21%) for NOA is above the 3 year average (6.92%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.6% | ||
| ROE | 11.34% | ||
| ROIC | 8.21% |
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 has a Profit Margin of 3.78%. This is in the lower half of the industry: NOA underperforms 62.90% of its industry peers.
NOA's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 13.22%, NOA is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
In the last couple of years the Operating Margin of NOA has grown nicely.
The Gross Margin of NOA (18.02%) is worse than 75.81% of its industry peers.
In the last couple of years the Gross Margin of NOA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.22% | ||
| PM (TTM) | 3.78% | ||
| GM | 18.02% |
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
NOA has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that NOA is in the distress zone and has some risk of bankruptcy.
NOA has a Altman-Z score of 1.43. This is in the lower half of the industry: NOA underperforms 64.52% of its industry peers.
A Debt/Equity ratio of 1.85 is on the high side and indicates that NOA has dependencies on debt financing.
With a Debt to Equity ratio value of 1.85, NOA is not doing good in the industry: 88.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.43 |
ROIC/WACC0.94
WACC8.74%
2.3 Liquidity
NOA has a Current Ratio of 1.05. This is a normal value and indicates that NOA is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.05, NOA is doing worse than 96.77% of the companies in the same industry.
NOA has a Quick Ratio of 1.05. 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 0.81, NOA is doing worse than 93.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
NOA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 31.34%, which is quite impressive.
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.
The Revenue has grown by 21.10% in the past year. This is a very strong growth!
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)31.34%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%14.94%
Revenue 1Y (TTM)21.1%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%-5.35%
3.2 Future
The Earnings Per Share is expected to decrease by -10.59% on average over the next years. This is quite bad
NOA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.34% yearly.
EPS Next Y2.86%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
EPS Next 5YN/A
Revenue Next Year8.15%
Revenue Next 2Y6.25%
Revenue Next 3Y5.34%
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
With a Price/Earnings ratio of 5.71, the valuation of NOA can be described as very cheap.
Based on the Price/Earnings ratio, NOA is valued cheaper than 98.39% of the companies in the same industry.
NOA is valuated cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.55 indicates a rather cheap valuation of NOA.
Based on the Price/Forward Earnings ratio, NOA is valued cheaply inside the industry as 98.39% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, NOA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.71 | ||
| Fwd PE | 5.55 |
4.2 Price Multiples
NOA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NOA is cheaper than 64.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.28 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NOA does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of NOA may justify a higher PE ratio.
A cheap valuation may be justified as NOA's earnings are expected to decrease with -10.59% in the coming years.
PEG (NY)2
PEG (5Y)0.29
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.28%.
The stock price of NOA dropped by -24.41% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 3.33, NOA pays a bit more dividend than its industry peers.
NOA's Dividend Yield is comparable with the S&P500 average which is at 2.47.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
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.
As NOA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)31.86%
Div Incr Years3
Div Non Decr Years6
5.3 Sustainability
NOA pays out 24.14% of its income as dividend. This is a sustainable payout ratio.
DP24.14%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
NYSE:NOA (4/25/2025, 8:26:44 PM)
15.36
+0.13 (+0.85%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners79.18%
Inst Owner Change0.86%
Ins Owners10.03%
Ins Owner ChangeN/A
Market Cap471.55M
Analysts84.44
Price Target29.4 (91.41%)
Short Float %1.61%
Short Ratio4.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
Yearly Dividend0.29
Dividend Growth(5Y)31.86%
DP24.14%
Div Incr Years3
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.02%
Min EPS beat(2)-1.79%
Max EPS beat(2)5.82%
EPS beat(4)2
Avg EPS beat(4)1.7%
Min EPS beat(4)-16.96%
Max EPS beat(4)19.73%
EPS beat(8)4
Avg EPS beat(8)5.16%
EPS beat(12)5
Avg EPS beat(12)1.75%
EPS beat(16)8
Avg EPS beat(16)3.28%
Revenue beat(2)0
Avg Revenue beat(2)-6.52%
Min Revenue beat(2)-9.63%
Max Revenue beat(2)-3.42%
Revenue beat(4)0
Avg Revenue beat(4)-8.81%
Min Revenue beat(4)-16.8%
Max Revenue beat(4)-3.42%
Revenue beat(8)1
Avg Revenue beat(8)-5.92%
Revenue beat(12)3
Avg Revenue beat(12)-4.48%
Revenue beat(16)4
Avg Revenue beat(16)-3.68%
PT rev (1m)-1.48%
PT rev (3m)2.34%
EPS NQ rev (1m)-22.16%
EPS NQ rev (3m)-30.64%
EPS NY rev (1m)-6.08%
EPS NY rev (3m)-14.04%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-2.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.71 | ||
| Fwd PE | 5.55 | ||
| P/S | 0.56 | ||
| P/FCF | N/A | ||
| P/OCF | 3 | ||
| P/B | 1.68 | ||
| P/tB | 1.72 | ||
| EV/EBITDA | 4.28 |
EPS(TTM)2.69
EY17.51%
EPS(NY)2.77
Fwd EY18.02%
FCF(TTM)-1.57
FCFYN/A
OCF(TTM)5.11
OCFY33.29%
SpS27.39
BVpS9.14
TBVpS8.91
PEG (NY)2
PEG (5Y)0.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.6% | ||
| ROE | 11.34% | ||
| ROCE | 11.18% | ||
| ROIC | 8.21% | ||
| ROICexc | 8.7% | ||
| ROICexgc | 8.77% | ||
| OM | 13.22% | ||
| PM (TTM) | 3.78% | ||
| GM | 18.02% | ||
| 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-Score7
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.24 | ||
| Cap/Depr | 170.59% | ||
| Cap/Sales | 24.39% | ||
| Interest Coverage | 2.39 | ||
| Cash Conversion | 67.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | 1.43 |
F-Score7
WACC8.74%
ROIC/WACC0.94
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)31.34%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%14.94%
EPS Next Y2.86%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
EPS Next 5YN/A
Revenue 1Y (TTM)21.1%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%-5.35%
Revenue Next Year8.15%
Revenue Next 2Y6.25%
Revenue Next 3Y5.34%
Revenue Next 5YN/A
EBIT growth 1Y57.52%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year122.75%
EBIT Next 3Y32.78%
EBIT Next 5YN/A
FCF growth 1Y-199.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-19.52%
OCF growth 3Y9.62%
OCF growth 5Y6.62%