NORTH AMERICAN CONSTRUCTION (NOA) Stock Fundamental Analysis
USA - NYSE:NOA - CA6568111067 - Common Stock
14.41 USD
+0.79 (+5.8%)
14.41 USD
0 (0%)
Taking everything into account, NOA scores 3 out of 10 in our fundamental rating. NOA was compared to 61 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.
NOA had a positive operating cash flow in the past year.
NOA had positive earnings in each of the past 5 years.
NOA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of NOA (1.92%) is comparable to the rest of the industry.
NOA's Return On Equity of 7.63% is in line compared to the rest of the industry. NOA outperforms 55.74% of its industry peers.
NOA has a Return On Invested Capital of 6.62%. This is comparable to the rest of the industry: NOA outperforms 59.02% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NOA is in line with the industry average of 8.04%.
| 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 has a Profit Margin of 2.80%. This is in the lower half of the industry: NOA underperforms 63.93% of its industry peers.
NOA's Profit Margin has declined in the last couple of years.
NOA has a Operating Margin (10.30%) which is in line with its industry peers.
NOA's Operating Margin has improved in the last couple of years.
NOA has a Gross Margin of 14.42%. This is amonst the worse of the industry: NOA underperforms 83.61% of its industry peers.
In the last couple of years the Gross Margin of NOA has grown nicely.
| 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.
The number of shares outstanding for NOA remains at a similar level compared to 1 year ago.
The number of shares outstanding for NOA has been increased compared to 5 years ago.
The debt/assets ratio for NOA is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.28, we must say that NOA is in the distress zone and has some risk of bankruptcy.
NOA has a worse Altman-Z score (1.28) than 68.85% of its industry peers.
NOA has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.57, NOA is not doing good in the industry: 85.25% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.28 |
ROIC/WACC0.75
WACC8.83%
2.3 Liquidity
NOA has a Current 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 Current ratio (0.94) than 95.08% of its industry peers.
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.
The Quick ratio of NOA (0.75) is worse than 91.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
NOA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.75%.
The Earnings Per Share has been growing by 19.82% on average over the past years. This is quite good.
NOA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.35%.
The Revenue has been growing by 10.15% on average over the past years. This is quite good.
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
NOA is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.20% yearly.
Based on estimates for the next years, NOA will show a small growth in Revenue. The Revenue will grow by 4.33% on average per year.
EPS Next Y-37.34%
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
EPS Next 5YN/A
Revenue Next Year8.74%
Revenue Next 2Y7.54%
Revenue Next 3Y4.33%
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
Based on the Price/Earnings ratio of 7.47, the valuation of NOA can be described as very cheap.
NOA's Price/Earnings ratio is rather cheap when compared to the industry. NOA is cheaper than 98.36% of the companies in the same industry.
NOA is valuated cheaply when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 5.87, the valuation of NOA can be described as very cheap.
NOA's Price/Forward Earnings ratio is rather cheap when compared to the industry. NOA is cheaper than 98.36% of the companies in the same industry.
NOA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.47 | ||
| Fwd PE | 5.87 |
4.2 Price Multiples
85.25% of the companies in the same industry are more expensive than NOA, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.13 |
4.3 Compensation for Growth
NOA's earnings are expected to decrease with -3.20% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.38
EPS Next 2Y-3.99%
EPS Next 3Y-3.2%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.39%.
NOA's Dividend Yield is a higher than the industry average which is at 3.31.
Compared to an average S&P500 Dividend Yield of 2.44, NOA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
5.2 History
The dividend of NOA is nicely growing with an annual growth rate of 31.86%!
NOA has been paying a dividend for at least 10 years, so it has 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
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%
14.41
+0.79 (+5.8%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners72.74%
Inst Owner Change0%
Ins Owners9.97%
Ins Owner ChangeN/A
Market Cap422.21M
Analysts78
Price Target22.28 (54.61%)
Short Float %3.85%
Short Ratio7.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
Yearly Dividend0.28
Dividend Growth(5Y)31.86%
DP33.81%
Div Incr Years3
Div Non Decr Years6
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)-3.37%
Revenue beat(16)5
Avg Revenue beat(16)-3.11%
PT rev (1m)-0.47%
PT rev (3m)-24.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-33.44%
EPS NY rev (1m)-21.09%
EPS NY rev (3m)-39.08%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)-3.47%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.47 | ||
| Fwd PE | 5.87 | ||
| P/S | 0.47 | ||
| P/FCF | N/A | ||
| P/OCF | 2.25 | ||
| P/B | 1.29 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | 4.13 |
EPS(TTM)1.93
EY13.39%
EPS(NY)2.45
Fwd EY17.03%
FCF(TTM)-1.14
FCFYN/A
OCF(TTM)6.4
OCFY44.43%
SpS30.55
BVpS11.21
TBVpS10.96
PEG (NY)N/A
PEG (5Y)0.38
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
WACC8.83%
ROIC/WACC0.75
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 Year8.74%
Revenue Next 2Y7.54%
Revenue Next 3Y4.33%
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%