NORTH AMERICAN CONSTRUCTION (NOA) Stock Fundamental Analysis
NYSE:NOA - CA6568111067 - Common Stock
13.15 USD
+0.08 (+0.61%)
13.1098 USD
-0.04 (-0.31%)
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. 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
In the past year NOA was profitable.
In the past year NOA had a positive cash flow from operations.
In the past 5 years NOA has always been profitable.
In the past 5 years NOA always reported a positive cash flow from operatings.
1.2 Ratios
NOA has a Return On Assets (1.92%) which is in line with its industry peers.
NOA has a Return On Equity of 7.63%. This is comparable to the rest of the industry: NOA outperforms 54.10% 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.
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 8.01%.
| 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 worse Profit Margin (2.80%) than 63.93% of its industry peers.
In the last couple of years the Profit Margin of NOA has declined.
NOA has a Operating Margin (10.30%) which is comparable to the rest of the industry.
NOA's Operating Margin has improved in the last couple of years.
NOA's Gross Margin of 14.42% is on the low side compared to the rest of the industry. NOA is outperformed by 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.
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
The debt/assets ratio for NOA is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.26, we must say that NOA is in the distress zone and has some risk of bankruptcy.
NOA has a Altman-Z score of 1.26. This is in the lower half of the industry: NOA underperforms 68.85% of its industry peers.
A Debt/Equity ratio of 1.57 is on the high side and indicates that NOA has dependencies on debt financing.
NOA has a worse Debt to Equity ratio (1.57) than 85.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.26 |
ROIC/WACC0.71
WACC9.28%
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.
The Current ratio of NOA (0.94) is worse 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
The earnings per share for NOA have decreased by -8.75% in the last 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.
Looking at the last year, NOA shows a quite strong growth in Revenue. The Revenue has grown by 14.35% 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)-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.
The Revenue is expected to grow by 7.40% on average over the next years.
EPS Next Y-20.59%
EPS Next 2Y0.7%
EPS Next 3Y-3.2%
EPS Next 5YN/A
Revenue Next Year12.56%
Revenue Next 2Y8.11%
Revenue Next 3Y7.4%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 6.71 indicates a rather cheap valuation of NOA.
Compared to the rest of the industry, the Price/Earnings ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 98.36% of the companies listed in the same industry.
NOA is valuated cheaply when we compare the Price/Earnings ratio to 27.08, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 4.81, 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 is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.71 | ||
| Fwd PE | 4.81 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOA indicates a rather cheap valuation: NOA is cheaper than 81.97% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.05 |
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)0.34
EPS Next 2Y0.7%
EPS Next 3Y-3.2%
5. Dividend
5.1 Amount
NOA has a Yearly Dividend Yield of 2.59%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of NOA has falen by -23.28%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.44, NOA pays a bit more dividend than its industry peers.
NOA's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
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 33.81% of its income as dividend. This is a sustainable payout ratio.
DP33.81%
EPS Next 2Y0.7%
EPS Next 3Y-3.2%
13.15
+0.08 (+0.61%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners77.48%
Inst Owner Change-9.07%
Ins Owners9.67%
Ins Owner ChangeN/A
Market Cap385.30M
Analysts80
Price Target22.38 (70.19%)
Short Float %2.33%
Short Ratio6.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
Yearly Dividend0.29
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)-22.1%
PT rev (3m)-23.73%
EPS NQ rev (1m)7.67%
EPS NQ rev (3m)30.72%
EPS NY rev (1m)-22.8%
EPS NY rev (3m)-22.8%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)16.78%
Revenue NY rev (1m)4.08%
Revenue NY rev (3m)4.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.71 | ||
| Fwd PE | 4.81 | ||
| P/S | 0.43 | ||
| P/FCF | N/A | ||
| P/OCF | 2.03 | ||
| P/B | 1.16 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | 4.05 |
EPS(TTM)1.96
EY14.9%
EPS(NY)2.73
Fwd EY20.78%
FCF(TTM)-1.16
FCFYN/A
OCF(TTM)6.48
OCFY49.27%
SpS30.91
BVpS11.35
TBVpS11.1
PEG (NY)N/A
PEG (5Y)0.34
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 | 1.26 |
F-Score6
WACC9.28%
ROIC/WACC0.71
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-20.59%
EPS Next 2Y0.7%
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 Year12.56%
Revenue Next 2Y8.11%
Revenue Next 3Y7.4%
Revenue Next 5YN/A
EBIT growth 1Y-6.82%
EBIT growth 3Y54.22%
EBIT growth 5Y21.26%
EBIT Next Year123.85%
EBIT Next 3Y32.78%
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%