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Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
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 project management. Core mining activities include contract mining, initial site preparation (pre-stripping/pit pioneering), and the removal and stockpiling of both overburden and muskeg.
Detailed revenue, brand and relationship research has not yet been completed for NOA.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
56
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
51
Fair
Financial Strength
37
Business Quality / Moat
81
Management
37
Growth Quality
40
Risk / Durability
65
Cheap for a Reason · Review the Risks
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
67
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
66/100
Building Historical Record
Model Score 66/100 — estimates relative performance potential, distinct from WallStreetScore (company quality).
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
WSS currently rates the company as mixed to moderately strong.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Valuation scores attractively
•Recent buyback activity is present
What to watch
•Elevated debt risk
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for NOA
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can NOA maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•How long can NOA fund negative free cash flow using its current cash position before it may need more debt or new shares?
•Is NOA's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•Is NOA's valuation discount tied to a temporary concern or to a longer-term business risk?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NOA
Detected from reported data — verify before acting.
Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on NOA.
What the Bulls Say
+Product opportunity: 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 project management. Core mining activities include contract mining, initial site prepa.
What the Bears Say
−Negative free cash flow may increase the need for outside financing and dilution.
Bull and bear cases summarize disclosed catalysts, growth opportunities and risks; they are not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Fair56/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
36
Debt Cost6.1%
Debt Reduction YoY-11.6%
Debt / Equity2.02x
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Revenue
Weak
45
Revenue YoY4.6%
Revenue CAGR15.8%
Net Margin2.4%
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Asset
Fair
68
Asset Growth YoY7.3%
Liquidation/Share$10.48
Net Assets/MCap2.30x
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Capital
Fair
66
Earnings Yield7.0%
Buyback Yield4.9%
Debt Cost6.1%
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Management
Poor
37
ROIC5.1%
ROE6.7%
ROA1.4%
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Moat
Strong
81
EPS Growth-11.1%
FCF/Share Growth—
Rev/Share Growth17.7%
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Valuation
Elite
93
Intrinsic Value$30.73
Value Reference$18.44
MOS0.6%
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Buffett
Fair
55
Revenue45
Moat81
Valuation93
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MOS
Elite
100
MOS %0.6%
Value Reference$18.44
Deep Discount Reference$12.29
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Financial
Weak
43
Interest Coverage2.0x
ROIC5.1%
FCF Yield-5.7%
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Master
Fair
59
Financial43
Valuation93
Debt36
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Resilience
Weak
42
Survival Years3.8 yrs
Current Ratio0.88x
FCF Margin-0.0%
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Score Changes
2 historical score records available
Previous Score
53
Jul 24, 2026
Change
+2.9
points
Current Score
56
Oct 1, 2026
Category Changes
Revenue+5.3
Debt+0
Assets0
Capital+11.0
Management-4.0
Moat0
Valuation+13.9
Buffett+1.8
NOA increased 2.9 points because Revenue improved by 5.3 points, Capital improved by 11 points, Valuation improved by 13.9 points.
Positive Contributors
+ Revenue improved by 5.3 points
+ Capital improved by 11 points
+ Valuation improved by 13.9 points
Negative Contributors
− Management declined by 4 points
Projected Score
Projected Score
55
Projected Change
-1.8%
Preliminary comparable-period financial changes suggest decline of approximately 1.8 points. This is a projected estimate, not the official WallStreetScore.