North American Construction Stock Net Income

NOA Stock  CAD 28.02  0.41  1.44%   
North American Construction fundamentals help investors to digest information that contributes to North American's financial success or failures. It also enables traders to predict the movement of North Stock. The fundamental analysis module provides a way to measure North American's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to North American stock.
Last ReportedProjected for Next Year
Net Income63.1 M66.3 M
Net Income From Continuing Ops63.1 M66.3 M
Net Income Applicable To Common Shares77.5 M81.4 M
Net Income Per Share 2.38  2.50 
Net Income Per E B T 0.73  0.51 
At this time, North American's Net Income is very stable compared to the past year. As of the 26th of November 2024, Net Income From Continuing Ops is likely to grow to about 66.3 M, while Net Income Per E B T is likely to drop 0.51.
  
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North American Construction Company Net Income Analysis

North American's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

More About Net Income | All Equity Analysis

Current North American Net Income

    
  63.14 M  
Most of North American's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, North American Construction is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

North Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for North American is extremely important. It helps to project a fair market value of North Stock properly, considering its historical fundamentals such as Net Income. Since North American's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of North American's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of North American's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

North Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(427,350)

North American reported last year Accumulated Other Comprehensive Income of (407,000)
Based on the recorded statements, North American Construction reported net income of 63.14 M. This is 97.22% lower than that of the Energy Equipment & Services sector and 34.69% higher than that of the Energy industry. The net income for all Canada stocks is 88.94% higher than that of the company.

North Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses North American's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of North American could also be used in its relative valuation, which is a method of valuing North American by comparing valuation metrics of similar companies.
North American is currently under evaluation in net income category among its peers.

North American Current Valuation Drivers

We derive many important indicators used in calculating different scores of North American from analyzing North American's financial statements. These drivers represent accounts that assess North American's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of North American's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap517.0M383.4M651.4M734.6M661.1M694.2M
Enterprise Value943.6M785.6M1.0B1.4B1.2B1.3B

North Fundamentals

About North American Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze North American Construction's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of North American using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of North American Construction based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with North American

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North American position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North American will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North American - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North American Construction to buy it.
The correlation of North American is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Const moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for North American can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 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 board of governors.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.