North American Construction Stock Buy Hold or Sell Recommendation
| NOA Stock | USD 19.74 0.13 0.66% |
Considering the 90-day investment horizon and your complete indifference towards market risk, our recommendation regarding North American Construction is 'Strong Buy'. Macroaxis provides North American buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NOA positions.
Check out North American Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as North and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
North |
Execute North American Buy or Sell Advice
The North recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on North American Construction. Macroaxis does not own or have any residual interests in North American Construction or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute North American's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
North American Trading Alerts and Improvement Suggestions
| Over 79.0% of the company shares are owned by institutional investors | |
| On 4th of October 2024 North American paid $ 0.0724 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: North American Construction Group Ltd. Announces Award of Heavy Civil Construction Project |
North American Returns Distribution Density
The distribution of North American's historical returns is an attempt to chart the uncertainty of North American's future price movements. The chart of the probability distribution of North American daily returns describes the distribution of returns around its average expected value. We use North American Construction price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of North American returns is essential to provide solid investment advice for North American.
| Mean Return | 0.12 | Value At Risk | -2.99 | Potential Upside | 3.37 | Standard Deviation | 2.62 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of North American historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
North Stock Institutional Investors
| Shares | Renaissance Technologies Corp | 2024-09-30 | 349.6 K | Goldman Sachs Group Inc | 2024-06-30 | 338.9 K | Bank Of America Corp | 2024-06-30 | 286.6 K | Fiera Capital Corporation | 2024-06-30 | 260.5 K | Medina Singh Partners, Llc | 2024-06-30 | 255.4 K | American Century Companies Inc | 2024-09-30 | 247.8 K | K.j. Harrison & Partners Inc | 2024-09-30 | 246.7 K | Millennium Management Llc | 2024-06-30 | 225.3 K | Newgen Asset Management Ltd | 2024-09-30 | 209.2 K | Claret Asset Management Corporation | 2024-09-30 | 2 M | Bank Of Montreal | 2024-06-30 | 1.9 M |
North American Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (14.0M) | 38.4M | (26.8M) | 52.5M | 19.5M | 20.4M | |
| Free Cash Flow | 496K | 29.7M | 51.4M | 53.9M | 66.9M | 70.2M | |
| Other Non Cash Items | (2.3M) | (1.9M) | (14.8M) | (24.4M) | (6.9M) | (6.6M) | |
| Capital Expenditures | 157.4M | 117.6M | 113.8M | 115.3M | 203.5M | 213.7M | |
| Net Income | 37.1M | 49.2M | 51.4M | 67.4M | 63.1M | 66.3M | |
| End Period Cash Flow | 5.5M | 43.9M | 16.6M | 69.1M | 88.6M | 93.0M | |
| Depreciation | 102.3M | 89.6M | 108.0M | 119.3M | 131.3M | 137.9M | |
| Change To Inventory | (12.6M) | 2.5M | (11.2M) | (5.4M) | (2.5M) | (2.6M) | |
| Investments | (160.7M) | (113.6M) | (2.0M) | (97.5M) | (244.9M) | (232.6M) | |
| Net Borrowings | 2.7M | 28.5M | (63.3M) | 24.8M | 28.5M | 29.9M | |
| Dividends Paid | 2.5M | 4.4M | 4.4M | 7.8M | 10.0M | 10.5M | |
| Change To Netincome | 9.3M | 10.2M | 4.0M | (5.2M) | (6.0M) | (5.7M) |
North American Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to North American or Energy Equipment & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that North American's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a North stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 2.64 | |
Ir | Information ratio | 0 |
North American Volatility Alert
North American Construction currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.07. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure North American's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact North American's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.North American Fundamentals Vs Peers
Comparing North American's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze North American's direct or indirect competition across all of the common fundamentals between North American and the related equities. This way, we can detect undervalued stocks with similar characteristics as North American or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of North American's fundamental indicators could also be used in its relative valuation, which is a method of valuing North American by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare North American to competition |
| Fundamentals | North American | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.0824 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.19 % | (5.51) % |
| Current Valuation | 1.07 B | 16.62 B |
| Shares Outstanding | 26.83 M | 571.82 M |
| Shares Owned By Insiders | 9.18 % | 10.09 % |
| Shares Owned By Institutions | 78.50 % | 39.21 % |
| Number Of Shares Shorted | 409.27 K | 4.71 M |
| Price To Earning | 10.72 X | 28.72 X |
| Price To Book | 1.87 X | 9.51 X |
| Price To Sales | 0.45 X | 11.42 X |
| Revenue | 957.22 M | 9.43 B |
| Gross Profit | 220.82 M | 27.38 B |
| EBITDA | 228.69 M | 3.9 B |
| Net Income | 63.14 M | 570.98 M |
| Cash And Equivalents | 23.19 M | 2.7 B |
| Cash Per Share | 0.86 X | 5.01 X |
| Total Debt | 717.05 M | 5.32 B |
| Debt To Equity | 1.57 % | 48.70 % |
| Current Ratio | 1.15 X | 2.16 X |
| Book Value Per Share | 14.61 X | 1.93 K |
| Cash Flow From Operations | 270.39 M | 971.22 M |
| Short Ratio | 7.37 X | 4.00 X |
| Earnings Per Share | 1.36 X | 3.12 X |
| Price To Earnings To Growth | 4.82 X | 4.89 X |
| Target Price | 40.0 | |
| Number Of Employees | 194 | 18.84 K |
| Beta | 1.6 | -0.15 |
| Market Capitalization | 529.56 M | 19.03 B |
| Total Asset | 1.55 B | 29.47 B |
| Retained Earnings | 123.03 M | 9.33 B |
| Working Capital | (28.82 M) | 1.48 B |
Note: Discretionary transaction by Cannell Capital Llc of tradable shares of North American subject to Rule 16b-3 [view details]
North American Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as North . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About North American Buy or Sell Advice
When is the right time to buy or sell North American Construction? Buying financial instruments such as North Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having North American in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out North American Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of North American. If investors know North will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about North American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.196 | Dividend Share 0.4 | Earnings Share 1.36 | Revenue Per Share 44.139 | Quarterly Revenue Growth 0.457 |
The market value of North American Const is measured differently than its book value, which is the value of North that is recorded on the company's balance sheet. Investors also form their own opinion of North American's value that differs from its market value or its book value, called intrinsic value, which is North American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because North American's market value can be influenced by many factors that don't directly affect North American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.