North American Construction Group Ltd
TSX:NOA
Intrinsic Value
North American Construction Group Ltd. engages in providing mining and heavy construction services. [ Read More ]
The intrinsic value of one NOA stock under the Base Case scenario is 62.51 CAD. Compared to the current market price of 30.73 CAD, North American Construction Group Ltd is Undervalued by 51%.
Valuation Backtest
North American Construction Group Ltd
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Fundamental Analysis
Impressive Performance and Positive Outlook
2023-Q4 Earnings Call
The company celebrates an impressive year with achievements like the MacKellar acquisition and record safety performance, boasting a total recordable rate of 0.29. EBITDA and EPS trends over the past five years remained strong despite the pandemic. Australian market's upside utilization potential contributes positively, with the fleet aiming for over 85% utilization. Financially, the company invested $383 million in the MacKellar Group and achieved a strong initial EBITDA margin, exceeding past records by 20%. Net income for Q4 hit $77 million, with Q4 revenues reaching $329 million. Operationally, the telematics system delivered maintenance savings and reliability, optimizing equipment use. Looking ahead, the company anticipates maintaining margins and delivering on shareholder value. Despite specific setbacks in some mining projects, the overall financial and operational health of the company is robust, suggesting a bright future.
Balance Sheet Decomposition
North American Construction Group Ltd
Current Assets | 295.2m |
Cash & Short-Term Investments | 88.6m |
Receivables | 132.9m |
Other Current Assets | 73.7m |
Non-Current Assets | 1.3B |
Long-Term Investments | 81.4m |
PP&E | 1.2B |
Intangibles | 7m |
Other Non-Current Assets | 7.1m |
Current Liabilities | 324m |
Accounts Payable | 146.2m |
Accrued Liabilities | 96.5m |
Other Current Liabilities | 81.4m |
Non-Current Liabilities | 865.8m |
Long-Term Debt | 611.3m |
Other Non-Current Liabilities | 254.5m |
Earnings Waterfall
North American Construction Group Ltd
Revenue
|
957.2m
CAD
|
Cost of Revenue
|
-803m
CAD
|
Gross Profit
|
154.2m
CAD
|
Operating Expenses
|
-56.8m
CAD
|
Operating Income
|
97.4m
CAD
|
Other Expenses
|
-34.2m
CAD
|
Net Income
|
63.1m
CAD
|
Free Cash Flow Analysis
North American Construction Group Ltd
What is Free Cash Flow?
NOA Profitability Score
Profitability Due Diligence
North American Construction Group Ltd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
Score
North American Construction Group Ltd's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
NOA Solvency Score
Solvency Due Diligence
North American Construction Group Ltd's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Score
North American Construction Group Ltd's solvency score is 29/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NOA Price Targets Summary
North American Construction Group Ltd
According to Wall Street analysts, the average 1-year price target for NOA is 44.71 CAD with a low forecast of 33.33 CAD and a high forecast of 63 CAD.
Shareholder Return
NOA Price
North American Construction Group Ltd
Average Annual Return | 7.61% |
Standard Deviation of Annual Returns | 30.5% |
Max Drawdown | -67% |
Market Capitalization | 821.6m CAD |
Shares Outstanding | 27 827 300 |
Percentage of Shares Shorted | 3.86% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
North American Construction Group Ltd. engages in providing mining and heavy construction services. The company is headquartered in Acheson, Alberta and currently employs 197 full-time employees. The company went IPO on 2006-11-22. The firm's operating divisions include Heavy Construction and Mining and Equipment Maintenance Services. The Heavy Construction and Mining division is engaged in hard rock and oil sands mining, overburden removal, mine site development, and mine reclamation. This division also provides constructability design reviews, budgetary cost estimates, and a range of planning and scheduling services. The Equipment Maintenance Services division offers maintenance procedures on-site, as well as in its multiple shop facilities. The company provides various services, including constructability reviews, budgetary cost estimates, design-build construction, portable steaming, equipment inspections and onsite haul truck brake testing, among others.
Contact
IPO
Employees
Officers
The intrinsic value of one NOA stock under the Base Case scenario is 62.51 CAD.
Compared to the current market price of 30.73 CAD, North American Construction Group Ltd is Undervalued by 51%.