Stocktoria
North American Construction Group Ltd. NOA
North American Construction Group Ltd. (NOA) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the distress zone. It pays a dividend (safety: safe). FY2025 revenue was $1.3B at a 2.6% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -3.04 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Mining & Extraction · percentile among 189 companies
Percentile vs other Mining & Extraction companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.027 |
| Retained earnings / assets | 0.097 |
| EBIT / assets | 0.06 |
| Equity / liabilities | 0.335 |
Sector peers · similar-size Mining & Extraction companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| NOA | North American Construction Group Ltd. | 5/9 | 0.9 | — | +10.2% |
| HLX | HELIX ENERGY SOLUTIONS GROUP INC | 6/9 | 3.58 | 42.4 | -4.9% |
| PUMP | ProPetro Holding Corp. | 5/9 | 2.13 | — | -12.1% |
| NESR | National Energy Services Reunited Corp. | 4/9 | 1.71 | 55.7 | +1.7% |
| WTTR | Select Water Solutions, Inc. | 3/9 | 1.73 | 118.5 | -3.1% |
| XPRO | EXPRO GROUP HOLDINGS N.V. | 7/9 | 3.28 | 33.9 | -6.2% |
| RES | RPC INC | 4/9 | 7.9 | 40.7 | +15% |
All Mining & Extraction companies →
About North American Construction Group Ltd.
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. It operates through Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments. The company offers mine management services for a thermal coal mine; and construction and operations support services in Canadian oil sands region. It also provides fully maintained heavy equipment rentals at metallurgical and thermal coal mines; heavy equipment rentals to iron ore, gold and lithium producers; and heavy equipment maintenance, component remanufacturing, and full equipment rebuild services to mining companies and other heavy equipment operators, as well as supplies production-critical components to the mining and construction industry. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. North American Construction Group Ltd. was incorporated in 1953 and is headquartered in Acheson, Canada.
FAQ
Is NOA financially healthy?
North American Construction Group Ltd.'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does NOA pay a dividend, and is it safe?
Yes. North American Construction Group Ltd. pays a dividend with a 39.6% payout ratio, rated “safe” for safety.
How profitable is NOA?
In FY2025, North American Construction Group Ltd. had a net margin of 2.6% and a return on equity of 7.4%.
Is NOA overvalued or undervalued?
North American Construction Group Ltd. trades at about 13.4× trailing earnings — above its 10-year norm (10-year range 3.2×–26.7×, median 11.0×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for NOA?
The average Wall-Street price target for North American Construction Group Ltd. is $26.63, about 74.2% above the recent price, from 1 analysts (consensus: buy).
Is NOA a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on North American Construction Group Ltd.: a Piotroski F-score of 5/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.