North American Construction Group Ltd. Common Shares (no par) (NOA) Company Bio
North American Energy Partners Inc., through its subsidiaries, provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors primarily in Western Canada. The company was founded in 1953 and is based in Edmonton, Canada.
NOA Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for North American Construction Group Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that North American Construction Group Ltd ranked in the 9th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of North American Construction Group Ltd, consider:
Its compound free cash flow growth rate, as measured over the past 5.54 years, is -0.25% -- higher than only 6.97% of stocks in our DCF forecasting set.
The weighted average cost of capital for the company is 7. This value is greater than just 20.13% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of North American Construction Group Ltd? See GEOS, OAS, NVGS, OXY, and FPPP.
NOA Has Many Short-Term Challenges At the current energy market dynamics in the past-pandemic world, lower capex in the oil sands industry will keep the pressure on the Canadian energy services industry. So, in the short term, I do not expect North American Construction Group (NOA) to show any improvement...
North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the first quarter ended March 31, 2020. Revenue for the quarter was $198.8 million, compared to $186.4 million for the same period in the prior year, an increase of $12.4 million (or 7%). Adjusted EBITDA for the quarter was $59.9 million, compared to $52.1 million for the same period in the prior year, an increase of $7.9 million (or 15%).
North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) today announced that in connection with the Company’s previously announced share purchase program in Canada and the United States (the “Purchase Program”) to purchase up to 2,300,000 of its common shares (the “Shares”), it has entered into an automatic share purchase plan (“ASPP”) with its designated broker. Pursuant to the ASPP, the designated broker may purchase up to 1,585,091 Shares until the expiry of the Purchase Program on March 11, 2021. Such purchases will be determined by the broker at its sole discretion, based on the purchasing parameters set out by the Company in accordance with the rules of the Toronto Stock Exchange (the “TSX”), applicable securities laws and the terms of the ASPP.