NOA Stock Overview
North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia.
North American Construction Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$13.18|
|52 Week High||CA$22.00|
|52 Week Low||CA$12.70|
|1 Month Change||-14.80%|
|3 Month Change||-5.92%|
|1 Year Change||-28.60%|
|3 Year Change||-14.64%|
|5 Year Change||147.28%|
|Change since IPO||-29.10%|
Recent News & Updates
|NOA||CA Energy Services||CA Market|
Return vs Industry: NOA underperformed the Canadian Energy Services industry which returned 12.1% over the past year.
Return vs Market: NOA underperformed the Canadian Market which returned -4.6% over the past year.
|NOA Average Weekly Movement||5.7%|
|Energy Services Industry Average Movement||7.9%|
|Market Average Movement||9.9%|
|10% most volatile stocks in CA Market||18.4%|
|10% least volatile stocks in CA Market||3.7%|
Stable Share Price: NOA is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NOA's weekly volatility (6%) has been stable over the past year.
About the Company
North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company’s Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services.
North American Construction Group Fundamentals Summary
|NOA fundamental statistics|
Is NOA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOA income statement (TTM)|
|Cost of Revenue||CA$506.28m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.85|
|Net Profit Margin||7.28%|
How did NOA perform over the long term?See historical performance and comparison
2.4%Current Dividend Yield
Is NOA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NOA?
Other financial metrics that can be useful for relative valuation.
|What is NOA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NOA's PE Ratio compare to its peers?
|NOA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CMG Computer Modelling Group
STEP STEP Energy Services
TVK TerraVest Industries
CEU CES Energy Solutions
NOA North American Construction Group
Price-To-Earnings vs Peers: NOA is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (12.4x).
Price to Earnings Ratio vs Industry
How does NOA's PE Ratio compare vs other companies in the North American Energy Services Industry?
Price-To-Earnings vs Industry: NOA is good value based on its Price-To-Earnings Ratio (7.1x) compared to the North American Energy Services industry average (19.4x)
Price to Earnings Ratio vs Fair Ratio
What is NOA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||7.1x|
|Fair PE Ratio||12.2x|
Price-To-Earnings vs Fair Ratio: NOA is good value based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.2x).
Share Price vs Fair Value
What is the Fair Price of NOA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NOA (CA$13.18) is trading below our estimate of fair value (CA$39.66)
Significantly Below Fair Value: NOA is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is North American Construction Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOA's forecast earnings growth (11.9% per year) is above the savings rate (1.6%).
Earnings vs Market: NOA's earnings (11.9% per year) are forecast to grow faster than the Canadian market (7.4% per year).
High Growth Earnings: NOA's earnings are forecast to grow, but not significantly.
Revenue vs Market: NOA's revenue (6.9% per year) is forecast to grow faster than the Canadian market (5.7% per year).
High Growth Revenue: NOA's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NOA's Return on Equity is forecast to be low in 3 years time (18%).
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How has North American Construction Group performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOA has high quality earnings.
Growing Profit Margin: NOA's current net profit margins (7.3%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: NOA's earnings have grown significantly by 36.8% per year over the past 5 years.
Accelerating Growth: NOA's earnings growth over the past year (29.1%) is below its 5-year average (36.8% per year).
Earnings vs Industry: NOA earnings growth over the past year (29.1%) underperformed the Energy Services industry 29.1%.
Return on Equity
High ROE: NOA's Return on Equity (18.1%) is considered low.
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How is North American Construction Group's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NOA's short term assets (CA$140.7M) do not cover its short term liabilities (CA$141.1M).
Long Term Liabilities: NOA's short term assets (CA$140.7M) do not cover its long term liabilities (CA$450.2M).
Debt to Equity History and Analysis
Debt Level: NOA's net debt to equity ratio (106.5%) is considered high.
Reducing Debt: NOA's debt to equity ratio has increased from 39.8% to 110.7% over the past 5 years.
Debt Coverage: NOA's debt is well covered by operating cash flow (51.1%).
Interest Coverage: NOA's interest payments on its debt are not well covered by EBIT (2.7x coverage).
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What is North American Construction Group current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NOA's dividend (2.43%) is higher than the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: NOA's dividend (2.43%) is low compared to the top 25% of dividend payers in the Canadian market (5.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NOA has been paying a dividend for less than 10 years.
Growing Dividend: NOA's dividend payments have increased, but the company has only paid a dividend for 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (13.5%), NOA's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (18.3%), NOA's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Lambert (57 yo)
Mr. Joseph C. Lambert, also known as Joe, has been Chief Executive Officer and Director of North American Construction Group Ltd. since January 1, 2021 and as its President since October 31, 2017. He serve...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD1.72M) is above average for companies of similar size in the Canadian market ($USD805.67K).
Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.
Experienced Management: NOA's management team is considered experienced (4 years average tenure).
Experienced Board: NOA's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NOA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|06 Jul 22||BuyCA$300,341||Martin Ferron||Individual||22,000||CA$13.65|
|23 Jun 22||BuyCA$69,950||Martin Ferron||Individual||5,000||CA$13.99|
|02 May 22||BuyCA$235,500||Martin Ferron||Individual||15,000||CA$15.70|
|22 Feb 22||BuyCA$190,100||Martin Ferron||Individual||10,000||CA$19.01|
|21 Dec 21||BuyCA$90,250||Martin Ferron||Individual||5,000||CA$18.05|
|02 Dec 21||BuyCA$88,750||Martin Ferron||Individual||5,000||CA$17.75|
|19 Nov 21||BuyCA$188,500||Martin Ferron||Individual||10,000||CA$18.85|
|12 Nov 21||SellCA$202,700||Martin Ferron||Individual||10,000||CA$20.27|
|01 Nov 21||SellCA$340,322||Martin Ferron||Individual||16,175||CA$21.04|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
North American Construction Group Ltd.'s employee growth, exchange listings and data sources
- Name: North American Construction Group Ltd.
- Ticker: NOA
- Exchange: TSX
- Founded: 1953
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: CA$358.171m
- Shares outstanding: 27.18m
- Website: https://nacg.ca
Number of Employees
- North American Construction Group Ltd.
- 27287 – 100 Avenue
- T7X 6H8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NOA||TSX (The Toronto Stock Exchange)||Yes||Voting Common Shares||CA||CAD||Nov 2006|
|NOA||NYSE (New York Stock Exchange)||Yes||Voting Common Shares||US||USD||Nov 2006|
|N5Z||DB (Deutsche Boerse AG)||Yes||Voting Common Shares||DE||EUR||Nov 2006|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/23 00:00|
|End of Day Share Price||2022/09/23 00:00|
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 here.