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North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. It operates through Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments. The company offers mine management services for a thermal coal mine; and construction and operations support services in Canadian oil sands region. It also provides fully maintained heavy equipment rentals at metallurgical and thermal coal mines; heavy equipment rentals to iron ore, gold and lithium producers; and heavy equipment maintenance, component remanufacturing, and full equipment rebuild services to mining companies and other heavy equipment operators, as well as supplies production-critical components to the mining and construction industry. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. North American Construction Group Ltd. was incorporated in 1953 and is headquartered in Acheson, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
North American Construction Group Ltd. is a Canadian provider of heavy civil construction, equipment contracting and industrial services for resource, energy and infrastructure projects. Long-term growth drivers include public and private infrastructure spending, resource-sector activity and demand for equipment-intensive contracting; the company may benefit from regional project pipelines and recurring service revenues.
Principal risks include cyclical exposure to commodity and infrastructure spending, execution and cost-overrun risk on large contracts, and potential financial strain from capital-intensive fleets or leverage; investors should monitor backlog, contract mix and balance-sheet metrics.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 56.47M | 60.03M | 85.96M | 84.44M | 60.69M |
| Net income | 33.83M | 44.09M | 63.14M | 67.37M | 51.41M |
| Selling general administrative | 50.33M | 55.95M | 56.84M | 29.86M | 35.37M |
| Gross profit | 160.33M | 210.05M | 154.22M | 101.55M | 90.42M |
| Reconciled depreciation | 217.23M | 166.68M | 131.32M | 119.27M | 108.02M |
| Ebit | 110.00M | 116.38M | 121.28M | 107.69M | 75.90M |
| Ebitda | 329.19M | 283.06M | 252.59M | 226.96M | 183.92M |
| Depreciation and amortization | 219.19M | 166.68M | 131.32M | 119.27M | 108.02M |
| Operating income | 110.00M | 153.33M | 95.71M | 107.69M | 75.90M |
| Other operating expenses | 1174.29M | 1012.46M | 861.51M | 697.85M | 599.10M |
| Interest expense | 58.93M | 59.34M | 36.95M | 23.49M | 18.03M |
| Tax provision | 22.64M | 15.95M | 22.82M | 17.07M | 9.29M |
| Interest income | 0.16M | 40.09M | 5.69M | 13.29M | 5.57M |
| Net interest income | -58.93M | -59.34M | -36.95M | -24.54M | -19.03M |
| Income tax expense | 22.64M | 15.95M | 22.82M | 17.07M | 9.29M |
| Total revenue | 1284.29M | 1165.79M | 957.22M | 769.54M | 654.14M |
| Total operating expenses | 50.33M | 56.72M | 56.84M | 29.86M | 35.37M |
| Cost of revenue | 1123.96M | 955.74M | 803.00M | 667.99M | 563.73M |
| Total other income expense net | -53.53M | -93.30M | -9.75M | -23.25M | -15.21M |
| Net income from continuing ops | 33.83M | 44.09M | 63.14M | 67.37M | 51.41M |
| Net income applicable to common shares | - | 44.09M | 63.14M | 67.37M | 51.41M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1819.75M | 1694.26M | 1546.48M | 979.51M | 869.28M |
| Intangible assets | 12.33M | 9.90M | 6.97M | 6.77M | 4.41M |
| Other current assets | 7.03M | - | 8.74M | 11.70M | 7.49M |
| Total liab | 1363.13M | 1305.36M | 1189.82M | 673.59M | 590.82M |
| Total stockholder equity | 456.62M | 388.90M | 356.65M | 305.92M | 278.46M |
| Deferred long term liab | - | - | - | 0.89M | 2.67M |
| Other current liab | 123.91M | 39.29M | 94.73M | 43.78M | 33.39M |
| Common stock | 282.96M | - | 229.46M | 229.46M | 246.94M |
| Capital stock | 282.96M | 228.96M | 229.46M | 229.46M | 246.94M |
| Retained earnings | 176.46M | 156.12M | 123.03M | 70.50M | 11.86M |
| Other liab | - | - | - | 90.46M | 82.60M |
| Good will | 0.54M | 0.52M | 0.53M | 0.54M | - |
| Other assets | - | - | - | 3.21M | 6.00M |
| Cash | 100.13M | 77.88M | 88.61M | 69.14M | 16.60M |
| Total current liabilities | 410.86M | 315.86M | 324.02M | 192.30M | 161.03M |
| Current deferred revenue | 22.85M | - | 0.06M | 1.41M | 3.35M |
| Net debt | 821.45M | 734.02M | 617.05M | 366.24M | 378.62M |
| Short term debt | 162.05M | - | 83.05M | 44.56M | 48.05M |
| Short long term debt | 175.60M | 92.49M | 92.69M | 20.60M | 19.69M |
| Short long term debt total | 921.58M | - | 705.67M | 435.39M | 395.23M |
| Other stockholder equity | -12.19M | - | 4.57M | 5.66M | 19.65M |
| Property plant equipment | - | - | - | 660.55M | 655.72M |
| Total current assets | 362.22M | 330.52M | 295.20M | 230.36M | 147.18M |
| Long term investments | 70.42M | 84.69M | 81.44M | 75.64M | 55.97M |
| Net tangible assets | - | - | - | 298.60M | 274.06M |
| Net receivables | 179.40M | 141.34M | 132.88M | 99.61M | 78.55M |
| Long term debt | 749.83M | 719.40M | 611.31M | 358.14M | 306.03M |
| Inventory | 75.66M | 74.08M | 64.96M | 49.90M | 44.54M |
| Accounts payable | 102.05M | 110.75M | 146.19M | 102.55M | 76.25M |
| Accumulated other comprehensive income | 9.39M | - | -0.41M | 0.31M | 0.00M |
| Treasury stock | - | - | - | - | -17.80M |
| Non currrent assets other | 4.19M | - | 7.14M | 5.26M | 6.00M |
| Non current assets total | 1457.53M | 1363.74M | 1251.28M | 749.15M | 722.10M |
| Capital lease obligations | 11.19M | 13.21M | 13.05M | 56.65M | 69.50M |
| Long term debt total | - | - | - | 378.45M | 335.72M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.00M | -274.68M | -244.88M | -97.47M | -1.96M |
| Change to liabilities | - | - | - | 10.81M | 33.07M |
| Total cashflows from investing activities | -264.83M | -274.68M | -244.88M | -97.47M | -99.27M |
| Net borrowings | 126.40M | 104.13M | 24.43M | 24.76M | -63.27M |
| Total cash from financing activities | 31.11M | 45.98M | -7.75M | -19.49M | -92.76M |
| Change to operating activities | - | - | - | -1.77M | 12.24M |
| Net income | 33.83M | 44.09M | 63.14M | 67.37M | 51.41M |
| Change in cash | 22.25M | -10.74M | 19.47M | 52.54M | -26.85M |
| Begin period cash flow | 77.88M | 88.61M | 69.14M | 16.60M | 43.45M |
| End period cash flow | 100.13M | 77.88M | 88.61M | 69.14M | 16.60M |
| Total cash from operating activities | 254.54M | 217.61M | 278.09M | 169.20M | 165.18M |
| Depreciation | 219.19M | 166.68M | 131.32M | 119.27M | 108.02M |
| Other cashflows from investing activities | - | 5.31M | 10.42M | 17.80M | 10.73M |
| Dividends paid | 13.39M | -10.64M | -10.03M | 7.77M | 4.42M |
| Change to inventory | -10.24M | -4.82M | -2.52M | -5.35M | -11.24M |
| Change to account receivables | 9.47M | -41.28M | 38.59M | -10.96M | -30.65M |
| Sale purchase of stock | -41.72M | -6.78M | -5.99M | -36.16M | -22.02M |
| Other cashflows from financing activities | -40.18M | -40.73M | -16.15M | 83.08M | 132.00M |
| Change to netincome | - | - | - | -5.21M | 4.02M |
| Capital expenditures | 281.10M | 284.34M | 203.49M | 115.26M | 113.79M |
| Change in working capital | -4.69M | -64.54M | 50.63M | -13.31M | 0.67M |
| Stock based compensation | -0.43M | 8.71M | 15.83M | 4.78M | 11.61M |
| Other non cash items | -8.47M | 43.45M | 1.19M | -24.36M | -14.81M |
| Free cash flow | -26.55M | -66.74M | 66.90M | 53.94M | 51.39M |
Sector: Energy Industry: Oil & Gas Equipment & Services
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NOA North American Construction Group Ltd |
-3.60 22.50% |
12.40 | 16.37 | 7.00 | 0.42 | 1.13 | 1.05 | 4.10 |
| EFX Enerflex Ltd. |
-1.67 5.86% |
26.82 | 44.54 | 15.80 | 1.50 | 2.60 | 1.33 | 8.44 |
| CEU CES Energy Solutions Corp |
-0.19 1.03% |
18.33 | 19.15 | 17.92 | 1.48 | 4.60 | 1.67 | 10.57 |
| TVK Terravest Capital Inc |
-3.16 2.96% |
103.68 | 32.39 | 57.14 | 1.91 | 4.02 | 2.52 | 11.60 |
| TCW Trican Well Service Ltd. |
0.03 0.49% |
6.20 | 11.28 | 10.49 | 1.23 | 1.92 | 1.31 | 5.99 |
North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. It operates through Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments. The company offers mine management services for a thermal coal mine; and construction and operations support services in Canadian oil sands region. It also provides fully maintained heavy equipment rentals at metallurgical and thermal coal mines; heavy equipment rentals to iron ore, gold and lithium producers; and heavy equipment maintenance, component remanufacturing, and full equipment rebuild services to mining companies and other heavy equipment operators, as well as supplies production-critical components to the mining and construction industry. The company was formerly known as North American Energy Partners Inc. and changed its name to North American Construction Group Ltd. in April 2018. North American Construction Group Ltd. was incorporated in 1953 and is headquartered in Acheson, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Joseph C. Lambert | Pres, CEO & Director | 1965 |
| Mr. Jason William Veenstra C.A., CPA | Exec. VP & CFO | 1979 |
| Mr. Barry Wade Palmer | Chief Operating Officer | 1961 |
| Mr. Jordan A. Slator | VP, Gen. Counsel & Corp. Sec. | 1972 |
| Mr. David Brunetta C.M.A., CPA, CPA, CMA | Director of Investor Relations and Director of Fin. & Information Technology | NA |
| Mr. David Grant Kallay | VP of Health, Safety, Environment & HR | 1973 |
| Mr. Joseph C. Lambert | President, CEO & Director | 1965 |
| Mr. Jason William Veenstra C.A., CPA | Chief Financial Officer | 1979 |
| Mr. Barry Wade Palmer | COO & Regional President of MacKellar Group | 1961 |
| Mr. Jordan A. Slator | Chief Legal Officer & Corporate Secretary | 1971 |
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