North American Construction Group Ltd

Chart & Performance

D1W1MN

P/E

12.98

P/S

0.86

EPS

2.35

Div Yield, %

1.76%

Shrs. gr., 5y

1.00%

Rev. gr., 5y

18.48%

Revenues

957m

+24.39%

Net income

63m

-6.28%

CFO

270m

+59.80%

Dividend

Aug 30, 20240.07407 USD/sh

Profile

North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2021, the company operated a heavy equipment fleet of 632 units. It serves resource development and industrial construction sectors. 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 founded in 1953 and is headquartered in Acheson, Canada.

URL

https://nacg.ca/

IPO date

Nov 22, 2006

Employees

208

Domiciled in

Incorporated in

Valuation

Order:

Title CAD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CAD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	957,220 24.39%	769,539 17.64%	654,143 30.73%
Cost of revenue	859,847	697,846	599,100
Unusual Expense (Income)
NOPBT	97,373	71,693	55,043
NOPBT Margin	10.17%	9.32%	8.41%
Operating Taxes	22,822	17,073	9,285
Tax Rate	23.44%	23.81%	16.87%
NOPAT	74,551	54,620	45,758
Net income	63,141 -6.28%	67,372 31.05%	51,408 4.47%
Dividends	(10,034)	(7,773)	(4,423)
Dividend yield	1.10%	1.26%	0.68%
Proceeds from repurchase of equity	(5,991)	(36,162)	113,549
BB yield	0.66%	5.88%	-17.43%
Debt
Debt current	94,435	44,559	48,045
Long-term debt	635,669	447,478	416,680
Deferred revenue	16,114	1,483	2,954
Other long-term liabilities	118,243	17,093	23,446
Net debt	560,055	347,256	392,150
Cash flow
Cash from operating activities	270,391	169,201	165,180
CAPEX	(203,492)	(115,264)	(113,791)
Cash from investing activities	(244,879)	(97,469)	(99,269)
Cash from financing activities	(7,747)	(19,493)	(92,759)
FCF	(410,670)	53,907	39,128
Balance
Cash	88,614	69,144	16,601
Long term investments	81,435	75,637	55,974
Excess cash	122,188	106,304	39,868
Stockholders' equity	352,080	300,262	258,809
Invested Capital	1,085,878	645,389	655,157
ROIC	8.61%	8.40%	7.03%
ROCE	7.39%	8.71%	7.33%
EV
Common stock shares outstanding	33,027	34,007	33,947
Price	27.65 52.93%	18.08 -5.78%	19.19 54.26%
Market cap	913,189 48.52%	614,844 -5.62%	651,442 62.12%
EV	1,473,244	962,100	1,043,592
EBITDA	228,692	190,961	163,059
EV/EBITDA	6.44	5.04	6.40
Interest	36,948	23,491	18,030
Interest/NOPBT	37.94%	32.77%	32.76%