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 1 545.7 477.7 739.3 831.1 557.3 519.2 - -
Change - -12.46% 54.76% 12.42% -32.94% -6.84% - -
Enterprise Value (EV) 1 854.8 477.7 1,356 1,687 1,436 1,601 1,572 1,506
Change - -44.12% 183.94% 24.4% -14.91% 11.49% -1.78% -4.2%
P/E 11.7x 8.41x 13.2x 20.4x 17.3x 10.5x 7.65x 7.04x
PBR 2.07x 1.56x 2.56x 2.13x 1.21x 1.11x 1x 0.87x
PEG - 0.3x -4.73x -0.7x -0.7x 0.2x 0.2x 0.81x
Capitalization / Revenue 0.83x 0.62x 0.77x 0.71x 0.43x 0.34x 0.31x 0.31x
EV / Revenue 1.31x 0.62x 1.42x 1.45x 1.12x 1.05x 0.94x 0.9x
EV / EBITDA 4.12x 1.95x 4.57x 4.32x 4.03x 3.99x 3.66x 3.41x
EV / EBIT 9.23x 6.71x 14.2x 8.22x 13.2x 12.8x 10.3x 8.34x
EV / FCF 13x 6.82x 17.5x -31.7x -150x 128x 23.6x 15.5x
FCF Yield 7.71% 14.7% 5.7% -3.15% -0.67% 0.78% 4.23% 6.44%
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 1.832 2.52 2.74
Distribution rate 9.76% 14.9% 19.1% 27.6% 42.1% 26.2% 19% 17.5%
Net sales 1 654.1 769.5 957.2 1,166 1,284 1,519 1,674 1,669
EBITDA 1 207.3 245.4 297 390.3 356.5 401.5 429.5 441.4
EBIT 1 92.66 71.16 95.71 205.3 109.2 125.1 152.6 180.6
Net income 1 51.41 - 63.14 44.08 33.83 46.95 60.62 69
Net Debt 1 309.1 - 617.1 856.2 878.5 1,082 1,053 987
Reference price 2 19.19 18.08 27.65 30.98 19.76 19.29 19.29 19.29
Nbr of stocks (in thousands) 28,437 26,421 26,737 26,827 28,203 26,914 - -
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.($)
10.2x1.04x3.95x2.57% 365M
21.77x2.35x10.72x2.19% 79.48B
20.86x2.61x14.42x1.47% 62.32B
25.32x2.77x13.65x0.26% 30.44B
14.92x1.54x8.43x1.92% 29.73B
27.87x0.53x4.62x3.66% 10.24B
22.93x0.85x7.45x1.98% 7.23B
7.28x1.48x5.99x3.04% 6.85B
17.09x1.45x6.81x1.21% 6.54B
30.66x5.86x10.55x3.31% 6.13B
Average 19.89x 2.05x 8.66x 2.16% 23.93B
Weighted average by Cap. 21.10x 2.29x 11.16x 1.81%

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.