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 1 545.7 477.7 739.3 831.1 557.3 452.7 - -
Change - -12.46% 54.76% 12.42% -32.94% -18.77% - -
Enterprise Value (EV) 1 854.8 477.7 1,356 1,687 1,436 1,537 1,493 1,286
Change - -44.12% 183.94% 24.4% -14.91% 7.03% -2.86% -13.87%
P/E 11.7x 8.41x 13.2x 20.4x 17.3x 11.5x 7.41x 5.59x
PBR 2.07x 1.56x 2.56x 2.13x 1.21x 0.96x 0.86x 0.76x
PEG - 0.3x -4.73x -0.7x -0.7x 0.4x 0.1x 0.2x
Capitalization / Revenue 0.83x 0.62x 0.77x 0.71x 0.43x 0.3x 0.27x 0.28x
EV / Revenue 1.31x 0.62x 1.42x 1.45x 1.12x 1.01x 0.89x 0.8x
EV / EBITDA 4.12x 1.95x 4.57x 4.32x 4.03x 3.83x 3.51x 3x
EV / EBIT 9.23x 6.71x 14.2x 8.22x 13.2x 12.3x 9.78x 7.1x
EV / FCF 13x 6.82x 17.5x -31.7x -150x 123x 22.4x 13.3x
FCF Yield 7.71% 14.7% 5.7% -3.15% -0.67% 0.81% 4.46% 7.54%
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% 2.85% 2.85% 2.85%
EPS 2 1.64 2.15 2.09 1.52 1.14 1.46 2.27 3.01
Distribution rate 9.76% 14.9% 19.1% 27.6% 42.1% 32.9% 21.1% 15.9%
Net sales 1 654.1 769.5 957.2 1,166 1,284 1,519 1,674 1,617
EBITDA 1 207.3 245.4 297 390.3 356.5 401.2 425.5 429.2
EBIT 1 92.66 71.16 95.71 205.3 109.2 125 152.6 181
Net income 1 51.41 - 63.14 44.08 33.83 47.4 56.55 83
Net Debt 1 309.1 - 617.1 856.2 878.5 1,084 1,040 833
Reference price 2 19.19 18.08 27.65 30.98 19.76 16.82 16.82 16.82
Nbr of stocks (in thousands) 28,437 26,421 26,737 26,827 28,203 26,914 - -
Announcement Date 16/2/22 15/2/23 13/3/24 19/3/25 11/3/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.52x1.01x3.83x2.85% 324M
23.28x2.35x10.92x2.18% 79.32B
20.25x2.29x12.83x1.68% 54.85B
15.86x2.2x9.58x4.68% 30.27B
15.61x1.54x8.64x1.89% 29.92B
21.74x2.41x11.9x0.29% 26.74B
26.38x4.31x17.1x1.1% 13.55B
13.5x1.29x5.4x3.64% 10.46B
31.7x0.52x4.62x3.68% 9.71B
21.53x0.82x7.08x2.12% 6.88B
Average 20.14x 1.87x 9.19x 2.41% 26.2B
Weighted average by Cap. 20.78x 2.18x 10.76x 2.2%

Y-o-Y evolution of P/E

Valuation ratios - P/E - North American Construction Group Ltd.

Historical PBR trend

Valuation ratios - PBR - North American Construction Group Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - North American Construction Group Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - North American Construction Group Ltd.


Year-on-year evolution of the Yield

Valuation ratios - Yield - North American Construction Group Ltd.
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