North American Construction Group Ltd. is a Canadian heavy civil construction and mining services company that supports resource development and industrial construction markets across Canada, the United States, and Australia. North American Construction Group Ltd. provides a broad range of services, including mine management, operations support for oil sands projects, heavy equipment rentals, equipment maintenance, component remanufacturing, and full equipment rebuilds. Its operations are organized around Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments, reflecting its focus on serving mining, energy, and infrastructure customers with large-scale equipment and field support. The company also supplies production-critical components and specialized services to mining operators and other heavy equipment users, making it an important contractor in material extraction and industrial site development.
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$1.34B
▲ +10.2% YoY
Net Income (TTM)
C$32M
▼ -23.3% YoY
Op. Margin
7.55%
▼ -4.7pp YoY
ROIC
5.06%
▼ -4.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
C$9M
▲ +68.1% YoY
Op. Cash Flow (TTM)
C$269M
▲ +18.6% YoY
Net Debt
C$836M
Cash & Equiv.
C$100M
3Y CAGR: +18.6%
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Peers
Oil & Gas Equipment & Services · Pick stocks to compare with NOA
Held by ETFs
NOA is in 1 US ETF. The largest of them, with NOA's weight in each:
North American Construction Group (NOA) in four numbers
Questions about North American Construction Group
Is North American Construction Group (NOA) overvalued?
At C$16.44, North American Construction Group's price is 38% above the C$11.92 a share fair value that Intrinsiqq's calculator gets from its earnings. It trades at 15.03 times earnings and 49.02 times free cash flow. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.
What is North American Construction Group's fair value?
Intrinsiqq's calculator puts North American Construction Group's fair value at C$11.92 a share. It grows earnings per share 0% a year for 5 years, applies an exit P/E of 16.2, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of C$8.94. Every input can be changed on the Intrinsic Value tab.
Is North American Construction Group a high-quality business?
North American Construction Group scores 43 out of 100 on Intrinsiqq's quality score, which makes it a mixed business on these measures. The score blends 8 checks computed from company filings. Its best check is revenue growth at 14.9%, and its weakest is return on capital at 5.1%. The Quality tab shows every check against its target.
Does North American Construction Group (NOA) pay a dividend, and how much?
Yes. North American Construction Group (NOA) pays a dividend: C$0.24 per share over the last twelve months, a dividend yield of 1.48% at the latest close. Its dividend per share has grown at 8.7% a year over the last 5 years. The payout takes about 21.0% of earnings.
Source: company filings. Price: last close 3 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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