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 1 545.7 477.7 739.3 831.1 557.3 521.5 - -
Change - -12.46% 54.76% 12.42% -32.94% -6.43% - -
Enterprise Value (EV) 1 854.8 477.7 1,356 1,687 1,436 1,399 1,389 1,171
Change - -44.12% 183.94% 24.4% -14.91% -2.53% -0.75% -15.66%
P/E 11.7x 8.41x 13.2x 20.4x 17.3x 9.31x 7.11x 6.95x
PBR 2.07x 1.56x 2.56x 2.13x 1.21x 1.1x 0.95x 0.8x
PEG - 0.3x -4.73x -0.7x -0.7x 0.1x 0.2x 2.94x
Capitalization / Revenue 0.83x 0.62x 0.77x 0.71x 0.43x 0.37x 0.35x -
EV / Revenue 1.31x 0.62x 1.42x 1.45x 1.12x 1x 0.93x -
EV / EBITDA 4.12x 1.95x 4.57x 4.32x 4.03x 3.52x 3.33x 2.72x
EV / EBIT 9.23x 6.71x 14.2x 8.22x 13.2x 10.5x 8.88x -
EV / FCF 13x 6.82x 17.5x -31.7x -150x 32.7x 20.1x 8.61x
FCF Yield 7.71% 14.7% 5.7% -3.15% -0.67% 3.05% 4.97% 11.6%
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% 2.49% 2.49% 2.49%
EPS 2 1.64 2.15 2.09 1.52 1.14 2.068 2.706 2.77
Distribution rate 9.76% 14.9% 19.1% 27.6% 42.1% 23.2% 17.7% 17.3%
Net sales 1 654.1 769.5 957.2 1,166 1,284 1,401 1,496 -
EBITDA 1 207.3 245.4 297 390.3 356.5 397.7 416.6 430.1
EBIT 1 92.66 71.16 95.71 205.3 109.2 133.5 156.5 -
Net income 1 51.41 - 63.14 44.08 33.83 56.97 73.97 77
Net Debt 1 309.1 - 617.1 856.2 878.5 878 867.5 650
Reference price 2 19.19 18.08 27.65 30.98 19.76 19.24 19.24 19.24
Nbr of stocks (in thousands) 28,437 26,421 26,737 26,827 28,203 27,103 - -
Announcement Date 2/16/22 2/15/23 3/13/24 3/19/25 3/11/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.31x1x3.52x2.49% 368M
17.97x2.12x9.56x2.5% 70.27B
20.96x2.03x11.45x1.66% 56.11B
14.59x1.5x8.13x2% 28.58B
21.95x2.33x11.58x0.31% 25.69B
18.57x0.5x3.99x3.85% 9.24B
36.95x6.84x12.35x2.63% 7.58B
22.61x6.2x10.77x2.19% 7.35B
23.48x0.8x7.61x1.89% 6.7B
7.16x1.38x5.19x3.65% 5.93B
Average 19.36x 2.47x 8.42x 2.32% 21.78B
Weighted average by Cap. 19.47x 2.21x 9.81x 2.02%

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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  4. Valuation North American Construction Group Ltd.