(NOA) North American Construction - Overview
Stock: Mining Services, Civil Construction, Equipment Rental, Maintenance Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.27% |
| Yield on Cost 5y | 3.92% |
| Yield CAGR 5y | 28.04% |
| Payout Consistency | 98.0% |
| Payout Ratio | 31.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 38.2% |
| Relative Tail Risk | -8.75% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.15 |
| Alpha | -29.09 |
| Character TTM | |
|---|---|
| Beta | 0.998 |
| Beta Downside | 1.344 |
| Drawdowns 3y | |
|---|---|
| Max DD | 50.44% |
| CAGR/Max DD | 0.07 |
Description: NOA North American Construction December 27, 2025
North American Construction Group Ltd. (NYSE:NOA) delivers mining and heavy-civil construction services across Australia, Canada and the United States, operating through three segments: Heavy Equipment – Canada, Heavy Equipment – Australia, and Other. Its portfolio includes mine-management for a thermal-coal operation, construction and operational support in the Canadian oil-sands region, and a full suite of heavy-equipment rentals, maintenance, component remanufacturing and rebuild services for metallurgical-coal, thermal-coal, iron-ore, gold and lithium producers. The firm, originally North American Energy Partners Inc., rebranded in April 2018 and traces its roots back to 1953, with headquarters in Acheson, Canada.
Key metrics from the most recent fiscal year show revenue of roughly $1.2 billion and an adjusted EBITDA margin near 12 %, reflecting the capital-intensive nature of equipment rentals and maintenance. The company’s exposure to commodity cycles is a primary driver: rising lithium and copper demand bolsters equipment rentals for battery-metal projects, while volatile thermal-coal prices and tightening ESG regulations pressure its coal-related contracts. Additionally, oil-sands capex trends in Canada directly affect its construction-support services, making the firm sensitive to both energy-price swings and Canadian regulatory policy. For a deeper quantitative assessment, you might explore ValueRay’s detailed model on NOA.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 38.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 0.55 > 1.0 |
| NWC/Revenue: -2.00% < 20% (prev 3.36%; Δ -5.36% < -1%) |
| CFO/TA 0.23 > 3% & CFO 306.5m > Net Income 38.5m |
| Net Debt (581.0m) to EBITDA (318.4m): 1.82 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (32.3m) vs 12m ago -2.43% < -2% |
| Gross Margin: 12.88% > 18% (prev 0.20%; Δ 1268 % > 0.5%) |
| Asset Turnover: 84.55% > 50% (prev 70.04%; Δ 14.51% > 0%) |
| Interest Coverage Ratio: 2.00 > 6 (EBITDA TTM 318.4m / Interest Expense TTM 54.6m) |
Altman Z'' 1.03
| A: -0.02 (Total Current Assets 267.6m - Total Current Liabilities 293.3m) / Total Assets 1.34b |
| B: 0.10 (Retained Earnings 129.0m / Total Assets 1.34b) |
| C: 0.07 (EBIT TTM 108.9m / Avg Total Assets 1.52b) |
| D: 0.34 (Book Value of Equity 343.3m / Total Liabilities 1.01b) |
| Altman-Z'' Score: 1.03 = BB |
Beneish M -2.97
| DSRI: 0.72 (Receivables 135.1m/174.3m, Revenue 1.28b/1.19b) |
| GMI: 1.53 (GM 12.88% / 19.76%) |
| AQI: 0.92 (AQ_t 0.05 / AQ_t-1 0.06) |
| SGI: 1.08 (Revenue 1.28b / 1.19b) |
| TATA: -0.20 (NI 38.5m - CFO 306.5m) / TA 1.34b) |
| Beneish M-Score: -2.97 (Cap -4..+1) = A |
What is the price of NOA shares?
Over the past week, the price has changed by +7.22%, over one month by +4.91%, over three months by +15.20% and over the past year by -12.41%.
Is NOA a buy, sell or hold?
- StrongBuy: 6
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NOA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 18.9 | 18.1% |
| Analysts Target Price | 18.9 | 18.1% |
| ValueRay Target Price | 16.5 | 2.7% |
NOA Fundamental Data Overview February 02, 2026
P/E Trailing = 16.25
P/E Forward = 7.2833
P/S = 0.3384
P/B = 1.2769
P/EG = 4.82
Revenue TTM = 1.28b CAD
EBIT TTM = 108.9m CAD
EBITDA TTM = 318.4m CAD
Long Term Debt = 746.9m CAD (from longTermDebt, last quarter)
Short Term Debt = 110.6m CAD (from shortTermDebt, last quarter)
Debt = 654.0m CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 581.0m CAD (from netDebt column, last quarter)
Enterprise Value = 1.17b CAD (593.9m + Debt 654.0m - CCE 73.0m)
Interest Coverage Ratio = 2.00 (Ebit TTM 108.9m / Interest Expense TTM 54.6m)
EV/FCF = -194.6x (Enterprise Value 1.17b / FCF TTM -6.04m)
FCF Yield = -0.51% (FCF TTM -6.04m / Enterprise Value 1.17b)
FCF Margin = -0.47% (FCF TTM -6.04m / Revenue TTM 1.28b)
Net Margin = 3.00% (Net Income TTM 38.5m / Revenue TTM 1.28b)
Gross Margin = 12.88% ((Revenue TTM 1.28b - Cost of Revenue TTM 1.12b) / Revenue TTM)
Gross Margin QoQ = 15.67% (prev 11.17%)
Tobins Q-Ratio = 0.87 (Enterprise Value 1.17b / Total Assets 1.34b)
Interest Expense / Debt = 2.22% (Interest Expense 14.5m / Debt 654.0m)
Taxrate = 26.48% (6.23m / 23.5m)
NOPAT = 80.1m (EBIT 108.9m * (1 - 26.48%))
Current Ratio = 0.91 (Total Current Assets 267.6m / Total Current Liabilities 293.3m)
Debt / Equity = 1.93 (Debt 654.0m / totalStockholderEquity, last quarter 338.2m)
Debt / EBITDA = 1.82 (Net Debt 581.0m / EBITDA 318.4m)
Debt / FCF = -96.24 (negative FCF - burning cash) (Net Debt 581.0m / FCF TTM -6.04m)
Total Stockholder Equity = 412.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.54% (Net Income 38.5m / Total Assets 1.34b)
RoE = 9.34% (Net Income TTM 38.5m / Total Stockholder Equity 412.3m)
RoCE = 9.40% (EBIT 108.9m / Capital Employed (Equity 412.3m + L.T.Debt 746.9m))
RoIC = 6.19% (NOPAT 80.1m / Invested Capital 1.29b)
WACC = 5.42% (E(593.9m)/V(1.25b) * Re(9.59%) + D(654.0m)/V(1.25b) * Rd(2.22%) * (1-Tc(0.26)))
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.13%
Fair Price DCF = unknown (Cash Flow -6.04m)
EPS Correlation: -40.95 | EPS CAGR: -46.87% | SUE: -2.21 | # QB: 0
Revenue Correlation: 88.30 | Revenue CAGR: 16.14% | SUE: -0.10 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.67 | Chg30d=-0.099 | Revisions Net=-2 | Analysts=4
EPS next Year (2026-12-31): EPS=2.84 | Chg30d=-0.303 | Revisions Net=-1 | Growth EPS=+49.6% | Growth Revenue=+2.8%