North American Construction Group Ltd.NOA.TO

$19.36+0.20 (+1.04%)
TSXEnergy24:00 UTC

Company snapshot

Market Cap
$552M
Small-cap
+353%
2016 — today
10-Year Price
+428%
2016 — today
52-Week Range
$16.50$23.15
Current $19.36· 43%

North American Construction Group Ltd. (NACG) specializes in providing heavy construction, mining, and equipment maintenance services across Canada, the United States, and Australia. Its Heavy Construction & Mining division undertakes a comprehensive range of projects, from initial constructability reviews and budgetary cost estimates to full design-build construction and project management. Specific capabilities include contract mining, pre-stripping, pit pioneering, and the removal and stockpiling of overburden and muskeg. This division also handles site preparation, air strip construction, site dewatering, perimeter ditching, constructing tailings and process pipelines, and developing haulage and access roads. Further expertise lies in tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and essential reclamation services. Complementing these operations, the Equipment Maintenance Services division offers extensive support for machinery fleets. Its services span routine tasks like fuel and lubrication, portable steaming, and detailed equipment inspections, along with the supply of necessary parts and components. More complex offerings include major overhauls and complete equipment refurbishment, on-site haul truck brake testing, and continuous on-site maintenance support. Specialized services feature undercarriage rebuilds, precision machining, hose manufacturing, and dedicated technical assistance, alongside expert welding, fabrication, repair work, weld certification, and inspection services. As of December 31, 2021, NACG maintained a substantial heavy equipment fleet comprising 632 units. The company primarily caters to clients within the resource development and industrial construction sectors. Established in 1953 and headquartered in Acheson, Canada, the company adopted its current name, North American Construction Group Ltd., in April 2018, having previously operated as North American Energy Partners Inc.

Valuation in context

P/E ratio
18.2
Above average
Pricier than usual over the last 10 years
P/B ratio
1.2
Historically cheap
Historically cheap relative to the last 10 years
EV / EBITDA
4.3
Historically cheap
Historically cheap relative to the last 10 years
Dividend Yield
2.5%
Near historic high
Near historic highs — last 10 years
FCF Yield
0.3%
Below average
Below the 10-year average
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