North American Construction Group (NOA) Stock Overview
Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
NOA Community Fair Values
Create NarrativeSee what 18 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
North American Construction Group Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$20.27 |
| 52 Week High | CA$24.90 |
| 52 Week Low | CA$16.45 |
| Beta | 1.16 |
| 1 Month Change | 2.27% |
| 3 Month Change | -10.67% |
| 1 Year Change | -14.04% |
| 3 Year Change | -19.94% |
| 5 Year Change | 27.48% |
| Change since IPO | 9.04% |
Recent News & Updates
Recent updates
Narrative Update • May 11
NOA: Share Repurchases And 2026 Revenue Guidance Will Support Future Upside
Analysts have maintained their CA$28.00 price target on North American Construction Group, citing updated assumptions around discount rates, revenue growth, profit margins, and a lower future P/E as the key drivers behind the unchanged valuation view. What's in the News A special and extraordinary shareholders meeting is scheduled for May 20, 2026, at the company’s Acheson, Alberta location at 27287 100 Avenue, which could bring shareholder votes on key corporate matters (Key Developments).Narrative Update • Apr 25
NOA: Share Buybacks And 2026 Revenue Guidance Will Support Future Upside
Analysts have kept their CA$28.00 price target for North American Construction Group steady, citing only minor tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E that do not materially change their overall view of the stock's valuation. What's in the News North American Construction Group has scheduled a Special and Extraordinary Shareholders Meeting for May 20, 2026, at 27287 100 Avenue, Acheson, Alberta, Canada (company event filing).Narrative Update • Apr 10
NOA: Share Buybacks And 2026 Guidance Will Support Future Upside
Analysts have kept the CA$28.00 price target for North American Construction Group unchanged, citing updated assumptions for the discount rate, revenue growth, profit margin, and forward P/E that still support their overall valuation view. What's in the News Company plans a Special and Extraordinary Shareholders Meeting on May 20, 2026, a key date to watch for any shareholder proposals or approvals (company event filing).Narrative Update • Mar 27
NOA: Buybacks And 2026 Revenue Outlook Will Support Stronger Future Returns
Analysts have kept their CA$28.00 price target on North American Construction Group intact, citing updated assumptions that combine a higher revenue growth outlook with a slightly higher discount rate, a modestly lower profit margin and a reduced future P/E multiple. What's in the News A share buyback tranche was completed, with 407,616 shares repurchased, representing 1.43% of shares, for a total of CA$8.41 million under the program announced on November 18, 2025 (Key Developments).Narrative Update • Mar 12
NOA: Australian Mining Deal And Buybacks Will Support Stronger Future Returns
Analysts have left their CA$28.00 price target for North American Construction Group unchanged, pointing to steady expectations around fair value. Modest adjustments to revenue growth, profit margin and future P/E assumptions refine their outlook.Narrative Update • Feb 26
NOA: Australian Mining Acquisition Will Drive Stronger Returns Over Time
Analysts have reiterated their CA$28.00 price target for North American Construction Group, citing updated assumptions that keep estimated fair value steady while modestly adjusting the discount rate, revenue growth, profit margin and future P/E inputs. What's in the News Chief Executive Officer Joe Lambert resigned to pursue other opportunities, and Chief Operating Officer Barry Palmer has stepped in as CEO on an interim basis while the company reviews internal and external candidates for the permanent role (Key Developments).Narrative Update • Feb 11
NOA: Australian Mining Acquisition And Leadership Transition Will Support Stronger Future Returns
Analysts have maintained their CA$28.00 price target for North American Construction Group, citing only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in their overall view of the shares. What's in the News Joe Lambert has resigned as Chief Executive Officer of North American Construction Group, with Chief Operating Officer Barry Palmer stepping in as CEO effective immediately while the board evaluates internal and external candidates for the permanent role (Key Developments).Narrative Update • Jan 26
NOA: Australian Mining Expansion And Buybacks Will Support Stronger Future Returns
Analysts have maintained their price target for North American Construction Group at $28.00, indicating relatively unchanged assumptions for growth, margins and valuation multiples, with only small adjustments to the discount rate, revenue growth, profit margin and future P/E supporting the reaffirmed view. What's in the News Chief Executive Officer Joe Lambert resigned, and Chief Operating Officer Barry Palmer has taken over as CEO while the company evaluates internal and external candidates for the role on a permanent basis (Key Developments).Narrative Update • Jan 12
NOA: Future Returns Will Benefit From Australian Mining Acquisition And Share Repurchases
Analysts have adjusted their price target for North American Construction Group to $28.00. The change is mainly tied to updated views on discount rates, revenue growth assumptions, profit margins, and a higher future P/E multiple.Narrative Update • Dec 27
NOA: Future Returns Will Benefit From Accretive IMC Acquisition And Share Repurchases
Analysts have raised their price target on North American Construction Group by $2 to $28, citing stronger anticipated revenue growth, modestly higher profit margins, and a slightly lower discount rate. Together, these factors support a marginally richer but still conservative future earnings multiple.Narrative Update • Dec 12
NOA: Future Shareholder Returns Will Benefit From Ongoing Share Repurchase Program
Analysts have trimmed their price target for North American Construction Group by 2.00 dollars to 26.00 dollars, citing slightly lower long term revenue growth expectations, partly offset by improved margin and valuation assumptions. What's in the News Announced completion of a substantial normal course issuer bid, repurchasing 1,781,550 shares, representing 6.16% of outstanding shares, for CAD 20.34 million under the buyback announced on October 30, 2024 (Key Developments) Between July 1, 2025 and November 3, 2025, repurchased 1,102,442 shares, or 3.78% of shares outstanding, for CAD 4.04 million as part of the latest buyback tranche (Key Developments) Issued earnings guidance for the six months ended December 31, 2025, forecasting combined revenue in the range of 700 million dollars to 750 million dollars (Key Developments) Valuation Changes Fair Value Estimate reduced from 28.00 dollars to 26.00 dollars, a decrease of about 7 percent, reflecting slightly lower long term expectations.Analysis Article • Nov 19
North American Construction Group's (TSE:NOA) Anemic Earnings Might Be Worse Than You Think
The market wasn't impressed with the soft earnings from North American Construction Group Ltd. ( TSE:NOA ) recently. We...Analysis Article • Nov 16
North American Construction Group (TSE:NOA) Is Paying Out A Dividend Of CA$0.12
North American Construction Group Ltd. ( TSE:NOA ) will pay a dividend of CA$0.12 on the 9th of January. Including this...Analysis Article • Nov 08
North American Construction Group (TSE:NOA) Seems To Be Using A Lot Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update • Aug 15
Expanding Australian And US Operations Will Broaden Business Horizons
A sharp decline in net profit margin combined with a substantial increase in the future P/E ratio signals deteriorating profitability and a less attractive valuation, leading analysts to lower their fair value estimate for North American Construction Group from CA$33.94 to CA$30.94. What's in the News Maintained earnings guidance for the second half of 2025, with combined revenue expected at $700 million to $750 million.
New Narrative • Mar 16
Integrating MacKellar Assets And Partnering With Finning Will Improve Efficiency
Continued integration of Australian assets and strategic partnerships are expected to boost equipment utilization, revenue, and net margins.Analysis Article • Mar 05
Many Still Looking Away From North American Construction Group Ltd. (TSE:NOA)
North American Construction Group Ltd.'s ( TSE:NOA ) price-to-earnings (or "P/E") ratio of 10.9x might make it look...Analysis Article • Nov 07
There May Be Some Bright Spots In North American Construction Group's (TSE:NOA) Earnings
North American Construction Group Ltd.'s ( TSE:NOA ) recent soft profit numbers didn't appear to worry shareholders, as...Analysis Article • Nov 02
These 4 Measures Indicate That North American Construction Group (TSE:NOA) Is Using Debt Extensively
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 09
Most Shareholders Will Probably Agree With North American Construction Group Ltd.'s (TSE:NOA) CEO Compensation
Key Insights North American Construction Group to hold its Annual General Meeting on 15th of May Total pay for CEO Joe...Analysis Article • May 05
North American Construction Group (TSE:NOA) Has Announced A Dividend Of CA$0.10
North American Construction Group Ltd.'s ( TSE:NOA ) investors are due to receive a payment of CA$0.10 per share on 5th...Analysis Article • May 03
North American Construction Group Ltd.'s (TSE:NOA) Shares Not Telling The Full Story
There wouldn't be many who think North American Construction Group Ltd.'s ( TSE:NOA ) price-to-earnings (or "P/E...Shareholder Returns
| NOA | CA Energy Services | CA Market | |
|---|---|---|---|
| 7D | -3.6% | -1.4% | 2.5% |
| 1Y | -14.0% | 74.1% | 33.9% |
Return vs Industry: NOA underperformed the Canadian Energy Services industry which returned 77.7% over the past year.
Return vs Market: NOA underperformed the Canadian Market which returned 32.9% over the past year.
Price Volatility
| NOA volatility | |
|---|---|
| NOA Average Weekly Movement | 9.7% |
| Energy Services Industry Average Movement | 7.2% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in CA Market | 17.7% |
| 10% least volatile stocks in CA Market | 3.9% |
Stable Share Price: NOA has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: NOA's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1953 | 204 | Barry Palmer | nacg.ca |
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. It operates through Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments.
North American Construction Group Ltd. Fundamentals Summary
| NOA fundamental statistics | |
|---|---|
| Market cap | CA$562.34m |
| Earnings (TTM) | CA$33.23m |
| Revenue (TTM) | CA$1.26b |
16.8x
P/E Ratio0.4x
P/S RatioIs NOA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NOA income statement (TTM) | |
|---|---|
| Revenue | CA$1.26b |
| Cost of Revenue | CA$882.94m |
| Gross Profit | CA$379.73m |
| Other Expenses | CA$346.51m |
| Earnings | CA$33.23m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.21 |
| Gross Margin | 30.07% |
| Net Profit Margin | 2.63% |
| Debt/Equity Ratio | 200.2% |
How did NOA perform over the long term?
See historical performance and comparisonDividends
2.4%
Current Dividend Yield41%
Payout RatioDoes NOA pay a reliable dividends?
See NOA dividend history and benchmarks| North American Construction Group dividend dates | |
|---|---|
| Ex Dividend Date | Jun 03 2026 |
| Dividend Pay Date | Jul 03 2026 |
| Days until Ex dividend | 7 days |
| Days until Dividend pay date | 37 days |
Does NOA pay a reliable dividends?
See NOA dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/25 12:11 |
| End of Day Share Price | 2026/05/25 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
North American Construction Group Ltd. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tim Monachello | ATB Cormark |
| John Gibson | BMO Capital Markets Equity Research |
| Yuri Lynk | Canaccord Genuity |