North American Construction Group Ltd.
North American Construction Group Ltd. (NOA) is listed on NYSE and classified in Oil & Gas Equipment & Services, part of the Energy sector. It is headquartered in Acheson, Canada and has 693 employees. The company is worth $301.17M and trades at 13.8x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was CA$1.28B in fiscal 2025, up 10.2% from the year before. Net income was CA$33.83M. The share price is 35.2% below its 52-week high of $17.26. It pays a dividend yielding 3.04%, and has raised its annual dividend for 7 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $5.48M. In that quarter, 1 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -18.6% over 5Y.
today you would have $729.16▼ -27.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $14.37 | $21.61 | $20.85 | $13.37 | |
| EPS | CA$1.14 | CA$1.51 | CA$2.09 | CA$2.15 | |
| Dividend yield | 1.42% | 1.19% | 1.42% | 1.42% | 1.84% |
| Profit margin | 5.16% | 2.63% | 3.78% | 6.55% | 8.75% |
| ROE | 14.51% | 7.41% | 11.31% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.0% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CLNEClean Energy Fuels Corp. | $1.40 | — | 0.6x | 0.00% | -16.40% | $308.62M |
| FTWPRESIDIO PRODUCTION Co | $9.90 | 26.8x | 1.8x | 4.43% | -29.09% | $311.87M |
| PNRGPrimeenergy Resources Corp | $206.93 | 19.9x | 1.5x | 0.00% | 11.72% | $327.49M |
| URGUr-energy Inc | $0.85 |
| 17.70% |
| 22.02% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 8.0% a year against a 9.9% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-12.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 4.9x |
| 0.00% |
| -103.50% |
| $336.71M |
| KNOPKNOT Offshore Partners LP | $10.05 | 71.8x | 0.6x | 1.76% | 2.40% | $347.26M |
| RNGRRanger Energy Services, Inc. | $14.65 | 24.4x | 1.1x | 1.64% | 4.93% | $347.34M |