NOA Valuation

North American Construction Group Ltd

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15.390

-0.44(-2.780%)1D

Overview
Forecast
Valuation
Earnings

NOA Relative Valuation

NOA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NOA is overvalued; if below, it's undervalued.

Historical Valuation

North American Construction Group Ltd (NOA) is now in the Undervalued zone, suggesting that its current forward PE ratio of 5.16 is considered Undervalued compared with the five-year average of 7.46. The fair price of North American Construction Group Ltd (NOA) is between 25.26 to 32.85 according to relative valuation methord. Compared to the current price of 15.39 USD , North American Construction Group Ltd is Undervalued By 39.07%.

Relative Value

Fair Zone

25.26-32.85

Current Price：15.39

39.07%

Undervalued

5.16

Trailing

Forward

3.17

EV/EBITDA

North American Construction Group Ltd. (NOA) has a current EV/EBITDA of 3.17. The 5-year average EV/EBITDA is 3.66. The thresholds are as follows: Strongly Undervalued below 2.59, Undervalued between 2.59 and 3.12, Fairly Valued between 4.19 and 3.12, Overvalued between 4.19 and 4.72, and Strongly Overvalued above 4.72. The current Forward EV/EBITDA of 3.17 falls within the Historic Trend Line -Fairly Valued range.

6.56

EV/EBIT

North American Construction Group Ltd. (NOA) has a current EV/EBIT of 6.56. The 5-year average EV/EBIT is 9.03. The thresholds are as follows: Strongly Undervalued below 5.11, Undervalued between 5.11 and 7.07, Fairly Valued between 10.99 and 7.07, Overvalued between 10.99 and 12.95, and Strongly Overvalued above 12.95. The current Forward EV/EBIT of 6.56 falls within the Undervalued range.

0.46

North American Construction Group Ltd. (NOA) has a current PS of 0.46. The 5-year average PS is 0.62. The thresholds are as follows: Strongly Undervalued below 0.41, Undervalued between 0.41 and 0.51, Fairly Valued between 0.72 and 0.51, Overvalued between 0.72 and 0.82, and Strongly Overvalued above 0.82. The current Forward PS of 0.46 falls within the Undervalued range.

1.84

P/OCF

North American Construction Group Ltd. (NOA) has a current P/OCF of 1.84. The 5-year average P/OCF is 2.28. The thresholds are as follows: Strongly Undervalued below 1.43, Undervalued between 1.43 and 1.86, Fairly Valued between 2.70 and 1.86, Overvalued between 2.70 and 3.13, and Strongly Overvalued above 3.13. The current Forward P/OCF of 1.84 falls within the Undervalued range.

10.73

P/FCF

North American Construction Group Ltd. (NOA) has a current P/FCF of 10.73. The 5-year average P/FCF is 6.11. The thresholds are as follows: Strongly Undervalued below -6.66, Undervalued between -6.66 and -0.28, Fairly Valued between 12.50 and -0.28, Overvalued between 12.50 and 18.89, and Strongly Overvalued above 18.89. The current Forward P/FCF of 10.73 falls within the Historic Trend Line -Fairly Valued range.

North American Construction Group Ltd (NOA) has a current Price-to-Book (P/B) ratio of 1.35. Compared to its 3-year average P/B ratio of 1.91 , the current P/B ratio is approximately -29.30% higher. Relative to its 5-year average P/B ratio of 1.83, the current P/B ratio is about -26.15% higher. North American Construction Group Ltd (NOA) has a Forward Free Cash Flow (FCF) yield of approximately -7.60%. Compared to its 3-year average FCF yield of 3.91%, the current FCF yield is approximately -294.63% lower. Relative to its 5-year average FCF yield of 5.73% , the current FCF yield is about -232.83% lower.

1.35

P/B

Median3y

1.91

Median5y

1.83

-7.60

FCF Yield

Median3y

3.91

Median5y

5.73

Competitors Valuation Multiple

The average P/S ratio for NOA's competitors is 1.74, providing a benchmark for relative valuation. North American Construction Group Ltd Corp (NOA) exhibits a P/S ratio of 0.46, which is -73.66% above the industry average. Given its robust revenue growth of 14.75%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

NOA.N

North American Construction Group Ltd

Northern Dynasty Minerals Ltd

Performance Decomposition

Market capitalization of NOA decreased by 22.61% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 13.47 to 15.63.

The secondary factor is the Revenue Growth, contributed 14.75%to the performance.

Overall, the performance of NOA in the past 1 year is driven by P/E Change. Which is more unsustainable.

14.75%

297.03M → 340.83M

Revenue Growth

-53.35%

3.88 → 1.81

Margin Expansion

15.99%

13.47 → 15.63

P/E Change

-22.61%