NORTH AMERICAN CONSTRUCTION (NOA) Stock Fundamental Analysis
NYSE:NOA - New York Stock Exchange, Inc. - CA6568111067 - Common Stock - Currency: USD
NOA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 63 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
NOA had positive earnings in the past year.
In the past year NOA had a positive cash flow from operations.
Each year in the past 5 years NOA has been profitable.
NOA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of NOA (2.17%) is worse than 63.49% of its industry peers.
Looking at the Return On Equity, with a value of 8.42%, NOA is in line with its industry, outperforming 55.56% of the companies in the same industry.
NOA's Return On Invested Capital of 7.63% is in line compared to the rest of the industry. NOA outperforms 57.14% 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 8.51%.
The last Return On Invested Capital (7.63%) for NOA is above the 3 year average (6.92%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 8.42% | ||
| ROIC | 7.63% |
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 3.21% is on the low side compared to the rest of the industry. NOA is outperformed by 65.08% of its industry peers.
NOA's Profit Margin has declined in the last couple of years.
The Operating Margin of NOA (12.00%) is better than 61.90% of its industry peers.
NOA's Operating Margin has improved in the last couple of years.
NOA has a worse Gross Margin (16.09%) than 80.95% of its industry peers.
In the last couple of years the Gross Margin of NOA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12% | ||
| PM (TTM) | 3.21% | ||
| GM | 16.09% |
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
NOA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
NOA has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that NOA is in the distress zone and has some risk of bankruptcy.
NOA has a worse Altman-Z score (1.36) than 68.25% of its industry peers.
A Debt/Equity ratio of 1.44 is on the high side and indicates that NOA has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.44, NOA is doing worse than 84.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.36 |
ROIC/WACC0.81
WACC9.47%
2.3 Liquidity
NOA has a Current Ratio of 0.92. 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 0.92, NOA is doing worse than 95.24% of the companies in the same industry.
NOA has a Quick Ratio of 0.92. This is a bad value and indicates that NOA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.74, NOA is not doing good in the industry: 92.06% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.74 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 30.45% over the past year.
NOA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.82% yearly.
NOA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.13%.
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)30.45%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)19.13%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%14.75%
3.2 Future
Based on estimates for the next years, NOA will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.59% on average per year.
The Revenue is expected to grow by 5.34% on average over the next years.
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.
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
NOA is valuated cheaply with a Price/Earnings ratio of 7.03.
Compared to the rest of the industry, the Price/Earnings ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 93.65% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of NOA to the average of the S&P500 Index (26.52), we can say NOA is valued rather cheaply.
The Price/Forward Earnings ratio is 6.00, which indicates a rather cheap valuation of NOA.
Based on the Price/Forward Earnings ratio, NOA is valued cheaply inside the industry as 96.83% of the companies are valued more expensively.
NOA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.25, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.03 | ||
| Fwd PE | 6 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NOA is valued a bit cheaper than 68.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.37 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
NOA's earnings are expected to decrease with -10.59% in the coming years. This may justify a cheaper valuation.
PEG (NY)2.46
PEG (5Y)0.35
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.00%, NOA has a reasonable but not impressive dividend return.
NOA's Dividend Yield is a higher than the industry average which is at 3.82.
NOA's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
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 in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)31.86%
Div Incr Years3
Div Non Decr Years6
5.3 Sustainability
NOA pays out 28.27% of its income as dividend. This is a sustainable payout ratio.
DP28.27%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
NYSE:NOA (6/6/2025, 4:15:01 PM)
17.85
+0.44 (+2.53%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners79.18%
Inst Owner Change5.3%
Ins Owners10.03%
Ins Owner ChangeN/A
Market Cap525.33M
Analysts82.22
Price Target29.35 (64.43%)
Short Float %2.22%
Short Ratio6.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
Yearly Dividend0.29
Dividend Growth(5Y)31.86%
DP28.27%
Div Incr Years3
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.64%
Min EPS beat(2)-33.48%
Max EPS beat(2)-1.79%
EPS beat(4)1
Avg EPS beat(4)-11.6%
Min EPS beat(4)-33.48%
Max EPS beat(4)5.82%
EPS beat(8)3
Avg EPS beat(8)-1.19%
EPS beat(12)5
Avg EPS beat(12)-0.03%
EPS beat(16)7
Avg EPS beat(16)-0.74%
Revenue beat(2)1
Avg Revenue beat(2)2.69%
Min Revenue beat(2)-3.42%
Max Revenue beat(2)8.8%
Revenue beat(4)1
Avg Revenue beat(4)-5.26%
Min Revenue beat(4)-16.8%
Max Revenue beat(4)8.8%
Revenue beat(8)1
Avg Revenue beat(8)-5.09%
Revenue beat(12)4
Avg Revenue beat(12)-2.83%
Revenue beat(16)5
Avg Revenue beat(16)-2.89%
PT rev (1m)-0.19%
PT rev (3m)3.82%
EPS NQ rev (1m)6.89%
EPS NQ rev (3m)7.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.08%
Revenue NQ rev (1m)7.55%
Revenue NQ rev (3m)12.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.03 | ||
| Fwd PE | 6 | ||
| P/S | 0.59 | ||
| P/FCF | N/A | ||
| P/OCF | 2.79 | ||
| P/B | 1.55 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 4.37 |
EPS(TTM)2.54
EY14.23%
EPS(NY)2.97
Fwd EY16.66%
FCF(TTM)-1.33
FCFYN/A
OCF(TTM)6.4
OCFY35.84%
SpS30.09
BVpS11.49
TBVpS11.24
PEG (NY)2.46
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 8.42% | ||
| ROCE | 10.39% | ||
| ROIC | 7.63% | ||
| ROICexc | 8.08% | ||
| ROICexgc | 8.14% | ||
| OM | 12% | ||
| PM (TTM) | 3.21% | ||
| GM | 16.09% | ||
| 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 Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.02 | ||
| Cap/Depr | 169.25% | ||
| Cap/Sales | 25.67% | ||
| Interest Coverage | 2.13 | ||
| Cash Conversion | 78.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.74 | ||
| Altman-Z | 1.36 |
F-Score6
WACC9.47%
ROIC/WACC0.81
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)30.45%
EPS 3Y21.88%
EPS 5Y19.82%
EPS Q2Q%-33.33%
EPS Next Y2.86%
EPS Next 2Y4.35%
EPS Next 3Y-10.59%
EPS Next 5YN/A
Revenue 1Y (TTM)19.13%
Revenue growth 3Y21.24%
Revenue growth 5Y10.15%
Sales Q2Q%14.75%
Revenue Next Year8.15%
Revenue Next 2Y6.25%
Revenue Next 3Y5.34%
Revenue Next 5YN/A
EBIT growth 1Y32.65%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year123.85%
EBIT Next 3Y32.78%
EBIT Next 5YN/A
FCF growth 1Y-202.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y45.42%
OCF growth 3Y9.62%
OCF growth 5Y6.62%