Company Valuation: North American Construction Group Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 545.7 477.7 739.3 831.1 557.3 533.9 - -
Change - -12.46% 54.76% 12.42% -32.94% -4.19% - -
Enterprise Value (EV) 1 854.8 477.7 1,356 1,687 1,436 1,418 1,390 1,184
Change - -44.12% 183.94% 24.4% -14.91% -1.21% -2.01% -14.82%
P/E 11.7x 8.41x 13.2x 20.4x 17.3x 11.1x 7.99x 7.11x
PBR 2.07x 1.56x 2.56x 2.13x 1.21x 1.1x 0.98x 0.82x
PEG - 0.3x -4.73x -0.7x -0.7x 0.2x 0.2x 0.6x
Capitalization / Revenue 0.83x 0.62x 0.77x 0.71x 0.43x 0.38x 0.36x 0.35x
EV / Revenue 1.31x 0.62x 1.42x 1.45x 1.12x 1.01x 0.93x 0.77x
EV / EBITDA 4.12x 1.95x 4.57x 4.32x 4.03x 3.56x 3.31x 2.76x
EV / EBIT 9.23x 6.71x 14.2x 8.22x 13.2x 10.6x 8.85x -
EV / FCF 13x 6.82x 17.5x -31.7x -150x 33.2x 20.1x 8.71x
FCF Yield 7.71% 14.7% 5.7% -3.15% -0.67% 3.01% 4.96% 11.5%
Dividend per Share 2 0.16 0.32 0.4 0.42 0.48 0.48 0.48 0.48
Rate of return 0.83% 1.77% 1.45% 1.36% 2.43% 2.44% 2.44% 2.44%
EPS 2 1.64 2.15 2.09 1.52 1.14 1.773 2.465 2.77
Distribution rate 9.76% 14.9% 19.1% 27.6% 42.1% 27.1% 19.5% 17.3%
Net sales 1 654.1 769.5 957.2 1,166 1,284 1,401 1,501 1,547
EBITDA 1 207.3 245.4 297 390.3 356.5 398.2 420.1 428.8
EBIT 1 92.66 71.16 95.71 205.3 109.2 133.5 157.1 -
Net income 1 51.41 - 63.14 44.08 33.83 48.4 64.42 57
Net Debt 1 309.1 - 617.1 856.2 878.5 884.5 856 650
Reference price 2 19.19 18.08 27.65 30.98 19.76 19.70 19.70 19.70
Nbr of stocks (in thousands) 28,437 26,421 26,737 26,827 28,203 27,103 - -
Announcement Date 16/02/22 15/02/23 13/03/24 19/03/25 11/03/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.11x1.01x3.56x2.44% 379M
18.94x2.14x9.76x2.49% 70.6B
21.12x2x11.15x1.67% 55.65B
25.88x2.77x13.74x0.26% 30.31B
13.64x1.43x7.82x2.09% 27.33B
19.29x0.51x4.12x3.84% 9.54B
25.27x0.86x8.15x1.87% 7.22B
20.7x5.8x10.07x2.39% 6.73B
32.37x6.18x11.11x3.07% 6.48B
8.03x1.5x5.89x3.36% 6.53B
Average 19.63x 2.42x 8.54x 2.35% 22.08B
Weighted average by Cap. 20.12x 2.20x 10.05x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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