North American Construction Group Ltd. (NOA)

Oil & Gas Field Services, NEC

Latest Price

$11.99

TTM P/E

Normalized P/E

TTM Div Yield

1.83%

Fwd Div Yield

1.83%

Book Value

P/B Ratio

Valuation metrics

EPS: $1.14

Book value / share: $15.84

Formula: √(22.5 × EPS × BVPS)

Graham Number

$20.16

+70% upside

Base FCF: $58M (median of recent 5yr)

Growth: 21%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$89.46

+653% upside

EPS: $1.14

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$17.10

+44% upside

56.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Claret Asset Management Corp	2.04M	$27.0M	7.07%	-10.6K	2026-06-30
Bank of Montreal	1.42M	$18.0M	4.93%	-1.47M	2026-06-30
National Bank of Canada	1.40M	$18.0M	4.84%	+44.4K	2026-06-30
CIBC Asset Management Inc	1.35M	$18.0M	4.70%	-107.3K	2026-06-30
Aegis Financial Corp	1.04M	$13.0M	3.60%	--	2026-06-30
Cannell Capital LLC	783.7K	$10.0M	2.72%	-179.0K	2026-06-30
Morgan Stanley	766.6K	$10.0M	2.66%	+574.7K	2026-06-30
Arrowstreet Capital, Limited Partnership	672.0K	$8.0M	2.33%	+269.6K	2026-06-30
American Century Companies Inc	635.1K	$8.0M	2.20%	+43.2K	2026-06-30
Connor, Clark & Lunn Investment Management Ltd.	604.4K	$8.0M	2.10%	+17.0K	2026-06-30