NOA

North American Construction Group Ltd.

Energy · $325M market cap

Verdict

Share price

$12.18

close of Oct 3, 2026

Fair value

$11.66

Sticker Price

Payback Price

$4.67

buy price

Fairly Valued

NOA is Fairly Valued: at $12.18 it's within 4% of its fair value of $11.66. Its buy price (Payback Price) is $4.67, 62% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Dividend Discount Model. It has paid a dividend for 10+ years in a row, raised it most years, and yields over 2%. For a steady payer like this, the dividend is the best guide to value.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth2.7% a year✗
Equity per share growth6.5% a year✗
Sales growth0.9% a year✗
Free cash flow growth0.3% a year✗
Return on invested capital5.7%✗

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About North American Construction Group Ltd.

North American Construction Group Ltd. (NOA) is a leading provider of comprehensive heavy construction, mining, and equipment maintenance solutions, with operations spanning Canada, the United States, and Australia. Its Heavy Construction & Mining division delivers a wide range of services, from pre-construction phases like constructability reviews, budgetary estimations, and design-build projects, to complete…

Oil & Gas Equipment & Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works