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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.

NOANYSE
Wall Street Score · overall investment56/100
$12.18USD+$0.07 (+0.58%)
Company website nacg.ca
Headquarters27287 – 100 Avenue, Acheson, AB, T7X 6H8, CA
Financial statement currencyCAD · converted to USD at 0.703595
Energy · Oil & Gas Equipment & Services
Price updated todayFinancials updated Oct 1, 2026
Price Chart$-1.22 (-9.10%)
2026-09-042026-09-092026-09-112026-09-152026-09-172026-09-212026-09-232026-09-252026-09-292026-10-02$11.55$12.10$12.65$13.20$13.75

Company & revenue

About North American Construction Group Ltd.

Who they are

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.

Click for full breakdown →

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?
Elevated debt risk
Business analysis: 12 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

56

0–100 · Fair

Opportunity Score

67

0–100 · Fair

Market Cap

$330.1M

P/E Ratio

15.0

EPS

$0.80

52-Week High

$17.26

52-Week Low

$11.90

Beta

1.14

Intrinsic Value

$30.73

Analyst Target

$27.50

Shares Outstanding

32.3M

Total Revenue

$945.5M

Total Debt

$834.8M

Dividend Yield

2.90%

View dividend history

Liquidation Value / Share

$10.48

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
27/ 100
+1 pts / 5d

Strong downward momentum

5D -1.0% · 20D -9.1% · RSI 29 · Price vs 20D avg -4.4%
Volatility
14/ 100
-2 pts / 5d

Low movement

20D realized vol 23.0% · 60D 32.7% · Acceleration 0.70x
Momentum = Where is it going?

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+)

Fair

56

Tap for breakdown →

Poor

36

Debt Cost6.1%
Debt Reduction YoY-11.6%
Debt / Equity2.02x

Tap for breakdown →

Weak

45

Revenue YoY4.6%
Revenue CAGR15.8%
Net Margin2.4%

Tap for breakdown →

Fair

68

Asset Growth YoY7.3%
Liquidation/Share$10.48
Net Assets/MCap2.30x

Tap for breakdown →

Fair

66

Earnings Yield7.0%
Buyback Yield4.9%
Debt Cost6.1%

Tap for breakdown →

Poor

37

ROIC5.1%
ROE6.7%
ROA1.4%

Tap for breakdown →

Strong

81

EPS Growth-11.1%
FCF/Share Growth—
Rev/Share Growth17.7%

Tap for breakdown →

Elite

93

Intrinsic Value$30.73
Value Reference$18.44
MOS0.6%

Tap for breakdown →

Fair

55

Revenue45
Moat81
Valuation93

Tap for breakdown →

Elite

100

MOS %0.6%
Value Reference$18.44
Deep Discount Reference$12.29

Tap for breakdown →

Weak

43

Interest Coverage2.0x
ROIC5.1%
FCF Yield-5.7%

Tap for breakdown →

Fair

59

Financial43
Valuation93
Debt36

Tap for breakdown →

Weak

42

Survival Years3.8 yrs
Current Ratio0.88x
FCF Margin-0.0%

Tap for breakdown →

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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.

Price vs. Value

Undervalued

Current Price

$12.18

Intrinsic Value

$30.73

Difference

−$18.55

-60.4% vs IV

Margin of Safety

60.4%

UndervaluedFair ValueOvervalued
Value Reference: $18.44
Deep Discount Reference: $12.29

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News

Seeking Alpha20d ago

North American Construction: Australia Growth Must Turn Into Cash Flow

GlobeNewsWire22d ago

North American Construction Group Announces the Appointment of Brad Rogers as President, Chief Executive Officer and Director

Defense World24d ago

Comparing Oceanagold (NYSE:OGC) and North American Construction Group (NYSE:NOA)

MarketBeat50d ago

North American Construction Group Q2 Earnings Call Highlights

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