North American Construction (NOA)
Market Price (3/30/2026): $13.33 | Market Cap: $376.4 MilSector: Energy | Industry: Oil & Gas Equipment & Services
North American Construction (NOA)
Market Price (3/30/2026): $13.33Market Cap: $376.4 MilSector: EnergyIndustry: Oil & Gas Equipment & Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.6% | Weak multi-year price returns2Y Excs Rtn is -60%, 3Y Excs Rtn is -74% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 222% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21% | Weak revenue growthRev Chg QQuarterly Revenue Change % is 0.0% | |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Water Infrastructure, and US Energy Independence. Themes include Wind Energy Development, Show more. | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.7% | |
| Key risksNOA key risks include [1] profit pressure from a changing oil sands mix, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Water Infrastructure, and US Energy Independence. Themes include Wind Energy Development, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -60%, 3Y Excs Rtn is -74% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 222% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is 0.0% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.7% |
| Key risksNOA key risks include [1] profit pressure from a changing oil sands mix, Show more. |
Qualitative Assessment
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North American Construction (NOA) stock has lost about 5% since 11/30/2025 because of the following key factors:
1. North American Construction Group (NOA) reported a substantial Q4 2025 earnings miss and experienced significant margin compression. The company posted an adjusted EPS of -$0.14 for Q4 2025, missing the consensus estimate of $0.72 by 119.4%. This marked a sharp reversal from the prior-year quarter's profit of $1.00 per share. Combined gross profit for the quarter decreased by 35.9% to $29.3 million (8.5% margin), and adjusted EBITDA decreased 28.7% year-over-year to $77.6 million, falling below the company's normalized 30% run-rate.
2. Profitability was directly impacted by significant project-level cost adjustments and adverse weather conditions. A one-time, life-to-date cost adjustment of approximately $13 million (CAD) on the Fargo-Moorhead Diversion project, specifically for scopes related to structures, railroads, and aqueducts, severely impacted adjusted EBITDA and earnings per share in Q4 2025. Additionally, above-average wet weather late in Q4 in Queensland, Australia, disrupted operations at mines, particularly the Carmichael mine, further pressuring margins.
Show more
1. North American Construction Group (NOA) reported a substantial Q4 2025 earnings miss and experienced significant margin compression. The company posted an adjusted EPS of -$0.14 for Q4 2025, missing the consensus estimate of $0.72 by 119.4%. This marked a sharp reversal from the prior-year quarter's profit of $1.00 per share. Combined gross profit for the quarter decreased by 35.9% to $29.3 million (8.5% margin), and adjusted EBITDA decreased 28.7% year-over-year to $77.6 million, falling below the company's normalized 30% run-rate.
2. Profitability was directly impacted by significant project-level cost adjustments and adverse weather conditions. A one-time, life-to-date cost adjustment of approximately $13 million (CAD) on the Fargo-Moorhead Diversion project, specifically for scopes related to structures, railroads, and aqueducts, severely impacted adjusted EBITDA and earnings per share in Q4 2025. Additionally, above-average wet weather late in Q4 in Queensland, Australia, disrupted operations at mines, particularly the Carmichael mine, further pressuring margins.
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Stock Movement Drivers
Fundamental Drivers
The -6.6% change in NOA stock from 11/30/2025 to 3/29/2026 was primarily driven by a -9.1% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.26 | 13.32 | -6.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,284 | 1,284 | 0.0% |
| Net Income Margin (%) | 2.9% | 2.6% | -9.1% |
| P/E Multiple | 11.2 | 11.1 | -0.6% |
| Shares Outstanding (Mil) | 29 | 28 | 3.3% |
| Cumulative Contribution | -6.6% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NOA | -6.6% | |
| Market (SPY) | -5.3% | 27.5% |
| Sector (XLE) | 39.5% | 5.6% |
Fundamental Drivers
The -1.4% change in NOA stock from 8/31/2025 to 3/29/2026 was primarily driven by a -4.0% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.50 | 13.32 | -1.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,254 | 1,284 | 2.4% |
| Net Income Margin (%) | 2.7% | 2.6% | -4.0% |
| P/E Multiple | 11.5 | 11.1 | -3.5% |
| Shares Outstanding (Mil) | 29 | 28 | 4.0% |
| Cumulative Contribution | -1.4% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NOA | -1.4% | |
| Market (SPY) | 0.6% | 34.8% |
| Sector (XLE) | 40.8% | 15.7% |
Fundamental Drivers
The -22.1% change in NOA stock from 2/28/2025 to 3/29/2026 was primarily driven by a -46.2% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.10 | 13.32 | -22.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,188 | 1,284 | 8.1% |
| Net Income Margin (%) | 4.9% | 2.6% | -46.2% |
| P/E Multiple | 7.9 | 11.1 | 40.9% |
| Shares Outstanding (Mil) | 27 | 28 | -5.0% |
| Cumulative Contribution | -22.1% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NOA | -22.1% | |
| Market (SPY) | 9.8% | 40.1% |
| Sector (XLE) | 42.1% | 36.6% |
Fundamental Drivers
The -16.0% change in NOA stock from 2/28/2023 to 3/29/2026 was primarily driven by a -69.9% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.86 | 13.32 | -16.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 770 | 1,284 | 66.9% |
| Net Income Margin (%) | 8.8% | 2.6% | -69.9% |
| P/E Multiple | 6.2 | 11.1 | 78.8% |
| Shares Outstanding (Mil) | 26 | 28 | -6.5% |
| Cumulative Contribution | -16.0% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NOA | -16.0% | |
| Market (SPY) | 69.4% | 29.9% |
| Sector (XLE) | 65.5% | 33.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NOA Return | 54% | -10% | 58% | 5% | -32% | -4% | 51% |
| Peers Return | 21% | -7% | 55% | 108% | 83% | 21% | 707% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| NOA Win Rate | 50% | 50% | 67% | 58% | 33% | 67% | |
| Peers Win Rate | 57% | 50% | 60% | 62% | 67% | 73% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| NOA Max Drawdown | -8% | -38% | -4% | -19% | -42% | -16% | |
| Peers Max Drawdown | -7% | -35% | -17% | -13% | -26% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GVA, STRL, PRIM, MTZ, TPC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | NOA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.4% | -25.4% |
| % Gain to Breakeven | 90.1% | 34.1% |
| Time to Breakeven | 160 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -65.5% | -33.9% |
| % Gain to Breakeven | 189.9% | 51.3% |
| Time to Breakeven | 309 days | 148 days |
| 2018 Correction | ||
| % Loss | -35.1% | -19.8% |
| % Gain to Breakeven | 54.2% | 24.7% |
| Time to Breakeven | 68 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -93.2% | -56.8% |
| % Gain to Breakeven | 1362.5% | 131.3% |
| Time to Breakeven | 5,256 days | 1,480 days |
Compare to GVA, STRL, PRIM, MTZ, TPC
In The Past
North American Construction's stock fell -47.4% during the 2022 Inflation Shock from a high on 10/28/2021. A -47.4% loss requires a 90.1% gain to breakeven.
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About North American Construction (NOA)
North American Construction Group Ltd. provides equipment maintenance, and mining and heavy construction services in Canada, the United States, and Australia. The company's Heavy Construction & Mining division offers constructability reviews, budgetary cost estimates, design-build construction, project management, contract mining, pre-stripping/pit pioneering, overburden removal and stockpile, muskeg removal and stockpile, site preparation, air strip construction, site dewatering/perimeter ditching, tailings and process pipelines, haulage and access road construction, tailings dam construction and densification, mechanically stabilized earth walls, dyke construction, and reclamation services. Its Equipment Maintenance Services division provides fuel and lube servicing, portable steaming, equipment inspections, parts and component supply, major overhauls and equipment refurbishment, onsite haul truck brake testing, onsite maintenance support, under carriage rebuild, machining, hose manufacturing, and technical support services, as well as welding, fabrication/repairs, weld certification, and inspection services. As of December 31, 2021, the company operated a heavy equipment fleet of 632 units. It serves resource development and industrial construction sectors. 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 founded in 1953 and is headquartered in Acheson, Canada.
AI Analysis | Feedback
Here are 1-3 brief analogies for North American Construction Group (NOA):
- Kiewit for mining and resource infrastructure construction.
- Fluor for heavy earthmoving and contract mining in resource development.
AI Analysis | Feedback
- Heavy Construction and Mining Services: Provides a comprehensive suite of services for resource development and industrial construction, including contract mining, site preparation, infrastructure development, and reclamation.
- Equipment Maintenance Services: Offers extensive maintenance, repair, and refurbishment services for heavy equipment fleets, including inspections, overhauls, and technical support.
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North American Construction (NOA) primarily sells its services to other companies, specifically large, well-capitalized resource and energy companies, predominantly in the oil sands region of Alberta, Canada. While the company does not explicitly name its top customers in its public filings, it refers to projects where its services are utilized. Based on these projects, its major customers are inferred to include:
- Suncor Energy Inc. (Symbol: SU)
- Canadian Natural Resources Limited (Symbol: CNQ)
- Imperial Oil Limited (Symbol: IMO)
- Cenovus Energy Inc. (Symbol: CVE)
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Barry Palmer President & Chief Executive Officer
Barry Palmer was appointed President & Chief Executive Officer of North American Construction Group Ltd. in January 2026. He began his career with the company in 1982 as a heavy equipment operator and progressed through various operational roles, including Operations Foreman, General Foreman, Superintendent, Project Manager, Operations Manager, and General Manager of Heavy Construction & Mining. Prior to his CEO appointment, he served as Vice President, Oil Sands Operations; Vice President, Heavy Construction & Mining; Senior Vice President Operations; and Chief Operating Officer. In January 2024, he also held the title of Regional President of the MacKellar Group in Australia.
Jason Veenstra Chief Financial Officer
Jason Veenstra serves as the Chief Financial Officer for North American Construction Group Ltd., having joined the company in 2018. Before joining NACG, Mr. Veenstra spent 10 years at the publicly traded Westmoreland Coal Company, where he held various roles including CFO and Treasurer. He also previously led sales and marketing efforts for Caterpillar equipment in the Canadian mining division of Finning International Inc. Additionally, Mr. Veenstra has experience in the nickel industry with Sherritt International and the insurance industry. He articled to become a Chartered Accountant at Ernst & Young and holds an accounting designation from CPA Alberta and a Bachelor of Commerce degree from the University of Alberta.
Jordan Slator Chief Legal Officer
Jordan Slator was named Chief Legal Officer of North American Construction Group Ltd. in January 2024. He has been with the company since August 2010 when he first joined as General Counsel, and has also served as Corporate Secretary since June 2011. Prior to his current role, he held the position of Vice President and General Counsel from November 2018. Mr. Slator began his legal career with Miller Thomson LLP in Edmonton, where he practiced in the corporate commercial department.
AI Analysis | Feedback
The key risks to North American Construction Group Ltd. (NOA) include significant financial leverage, operational execution challenges on large projects coupled with weather-related disruptions, and exposure to volatile commodity markets and customer concentration.
- Financial Leverage: North American Construction Group Ltd. faces considerable financial risk due to its high debt levels and capital-intensive operations. The company has a high debt-to-equity ratio, and its long-term debt issuance raises concerns about financial sustainability. An Altman Z-Score of 1.27 places the company in a distress zone, indicating potential financial instability. The aggressive expansion, particularly through acquisitions like IMC and MacKellar Group in Australia, is capital-intensive and can further strain the balance sheet, as mining contracting requires heavy capital investment.
- Operational Execution and Weather-Related Disruptions: The company has recently experienced significant operational challenges impacting its profitability. The Fargo-Moorhead flood diversion project, for instance, has incurred substantial cost overruns, leading to a material headwind on EBITDA. Additionally, adverse weather conditions, such as above-average wet weather in Queensland, Australia, can severely impact equipment utilization and productivity, leading to earnings volatility even when underlying contract demand is strong.
- Exposure to Cyclical Commodity Markets and Customer Concentration: As a provider of services to the resource development and industrial construction sectors, North American Construction Group Ltd. is inherently exposed to the cyclical nature and volatility of commodity markets. Fluctuations in oil and gas prices, as well as prices for other key minerals like iron ore and lithium, can significantly impact its financial performance. While the company has pursued geographic diversification, a degree of reliance on its oil sands exposure and a concentrated customer base could make it vulnerable to weaker spending or contract changes within these key sectors.
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North American Construction Group Ltd. (NOA) operates in the heavy construction, mining, and equipment maintenance sectors across Canada, the United States, and Australia. The addressable markets for their main products and services are sized as follows:
Heavy Construction Services
- Canada: The Heavy Engineering Construction market in Canada was valued at approximately $72.1 billion in 2024 and is projected to reach $72.5 billion in 2025. The broader Canada Construction Market was estimated at USD 359.80 billion in 2025 and is projected to reach USD 374.38 billion in 2026.
- United States: The Heavy Engineering Construction market in the U.S. was $42.1 billion in 2025 and is projected to reach $42.5 billion in 2026.
- Australia: The Heavy Industry and Other Non-Building Construction market in Australia is projected to be $78.5 billion in 2025. The total Australia construction market was valued at approximately AUD 292.53 billion (around USD 190.1 billion) in 2025.
Mining Services
- Canada: Mining services contributed $8.6 billion to Canada's GDP in 2023.
- United States: The U.S. contract mining services market was valued at over USD 3.3 billion in 2024. The broader US Mining Market was valued at USD 86.51 billion in 2023 and is expected to reach USD 102.01 billion by 2033. Additionally, the North America mining consulting services market, which includes the US and Canada, was valued at USD 4.74 billion in 2024 and is projected to grow to USD 5.01 billion in 2025.
- Australia: The Mining Support Services market in Australia was $19.0 billion in 2025 and is projected to be $18.3 billion in 2026. The Australia Mining Consulting Services market size was worth USD 973.86 million in 2024 and is projected to grow from USD 1,014.86 million in 2025.
Equipment Maintenance Services
- Canada: The Machinery Maintenance & Heavy Equipment Repair Services market in Canada was $12.2 billion in 2024 and is projected to be $12.4 billion in 2025.
- United States: The Machinery Maintenance & Heavy Equipment Repair Services market in the U.S. was $59.2 billion in 2024 and is projected to reach $59.9 billion in 2025.
- Australia: The Heavy Machinery Repair and Maintenance market in Australia was $23.5 billion in 2024 and is projected to be $22.7 billion in 2025.
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North American Construction Group Ltd. (NOA) anticipates several key drivers for future revenue growth over the next two to three years, primarily stemming from strategic acquisitions, geographical expansion, and a robust project pipeline. Here are the expected drivers of future revenue growth: * **Expansion and Integration of Australian Operations:** The company's strategic acquisition of Iron Mine Contracting (IMC) is a central element of its growth strategy, aiming to establish North American Construction as a national Tier 1 contractor in Australia. This acquisition is expected to significantly boost contractual backlog and revenue in the region, with Australian operations already demonstrating substantial growth. Management expects the IMC acquisition to close in early Q2 2026 and contribute approximately $1.0 billion in contractual backlog and add around 120 heavy equipment assets. * **Growth in Mining Services across Canada and the U.S.:** North American Construction is focused on expanding its mining services in both Canada and the United States. Approximately 80% of the company's revenue is derived from mining services, indicating a strong focus on this sector. The company, through its 49% ownership of Nuna Group of Companies, is also targeting niche areas like critical mineral development in Northern Canada. Increased demand for commodities like gold, iron ore, and copper is expected to further fuel this growth. * **Securing New Infrastructure Awards in North America:** The company is actively pursuing large infrastructure and civil projects across North America. This includes targeting opportunities arising from infrastructure spending in Northern Canada and defense-related projects. The completion of significant projects, such as the Fargo-Moorhead earthworks scope, positions the company for future infrastructure awards. * **Strong Contractual Backlog and Bid Pipeline:** North American Construction boasts a robust contractual backlog and a substantial bid pipeline, providing strong revenue visibility for the coming years. As of December 31, 2025, the company had a contractual backlog of $3.9 billion, with $1.2 billion already secured for 2026. Beyond the secured backlog, the total bid pipeline is approximately $12.6 billion, including $4.6 billion in active tender and procurement processes, which supports sustained growth.AI Analysis | Feedback
Share Repurchases
- North American Construction Group Ltd. authorized a Normal Course Issuer Bid (NCIB) in November 2025 to repurchase and cancel up to 2,729,056 common shares, representing approximately 9.3% of its outstanding shares as of November 10, 2025. Between November 18, 2025, and March 6, 2026, the company repurchased 407,616 shares for CAD 8.41 million under this NCIB.
- The company also had an NCIB in effect from November 4, 2024, to November 3, 2025, authorizing the repurchase of up to 2,087,577 common shares, or 7.5% of outstanding shares as of October 24, 2024. Under this bid, 1,781,550 shares were repurchased and cancelled for CAD 38.6 million.
- In the third quarter of 2025, the company repurchased 725,000 shares.
Share Issuance
- In February 2025, 3.0 million shares were issued from convertible debentures, contributing to an increase in average outstanding shares to 28.7 million in 2025 from 26.8 million in 2024.
Outbound Investments
- In December 2025, North American Construction Group Ltd. agreed to acquire Iron Mine Contracting (IMC), an Australian mining services contractor, for approximately CAD 115 million. This acquisition is intended to expand its Western Australia mining services platform and increase its exposure to rare earth and critical minerals.
- In October 2023, the company strategically acquired MacKellar Group, which provided a large-scale operating platform and increased Australia's contribution to approximately 50% of the overall business.
- In December 2025, the company executed a fleet optimization strategy by divesting 26 Caterpillar 797 haul trucks in the oil sands region and acquiring 7 Hitachi 830 haul trucks in Australia, leading to an estimated CAD 20.0 million reduction in both property, plant and equipment and net debt.
Capital Expenditures
- For the full year 2025, sustaining capital expenditures totaled $213.2 million.
- In Q4 2025, sustaining capital expenditures were $7.6 million, contributing to a record quarterly free cash flow of $57.4 million.
- For 2026, the company anticipates sustaining capital expenditures to be in the range of $180 million to $200 million, with a focus on supporting growth in Australian heavy equipment operations.
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 12262025 | TPL | Texas Pacific Land | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 82.3% | 82.3% | -2.1% |
| 12122025 | NOV | NOV | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 23.6% | 23.6% | -6.5% |
| 12122025 | RIG | Transocean | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 56.9% | 56.9% | -7.0% |
| 12122025 | TPC | Tutor Perini | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.9% | 11.9% | -2.0% |
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 31.6% | 31.6% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 130.82 |
| Mkt Cap | 6.5 |
| Rev LTM | 4,984 |
| Op Inc LTM | 338 |
| FCF LTM | 336 |
| FCF 3Y Avg | 335 |
| CFO LTM | 470 |
| CFO 3Y Avg | 432 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.0% |
| Rev Chg 3Y Avg | 13.9% |
| Rev Chg Q | 17.5% |
| QoQ Delta Rev Chg LTM | 4.2% |
| Op Mgn LTM | 5.7% |
| Op Mgn 3Y Avg | 4.6% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 12.0% |
| CFO/Rev 3Y Avg | 10.1% |
| FCF/Rev LTM | 6.0% |
| FCF/Rev 3Y Avg | 5.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.5 |
| P/S | 1.1 |
| P/EBIT | 17.3 |
| P/E | 36.4 |
| P/CFO | 13.8 |
| Total Yield | 3.0% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 6.5% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.3% |
| 3M Rtn | 10.8% |
| 6M Rtn | 13.3% |
| 12M Rtn | 162.8% |
| 3Y Rtn | 368.0% |
| 1M Excs Rtn | -1.6% |
| 3M Excs Rtn | 18.8% |
| 6M Excs Rtn | 18.2% |
| 12M Excs Rtn | 135.3% |
| 3Y Excs Rtn | 322.9% |
Price Behavior
Price Behavior
| Market Price | $13.32 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 11/22/2006 | |
| Distance from 52W High | -25.0% | |
| 50 Days | 200 Days | |
| DMA Price | $15.29 | $14.69 |
| DMA Trend | down | up |
| Distance from DMA | -12.9% | -9.3% |
| 3M | 1YR | |
| Volatility | 65.5% | 52.2% |
| Downside Capture | 0.61 | 0.69 |
| Upside Capture | 118.14 | 63.50 |
| Correlation (SPY) | 30.4% | 38.6% |
NOA Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.64 | 0.23 | 0.23 | 1.02 | 0.99 | 0.80 |
| Up Beta | 1.90 | 0.94 | 1.23 | 0.39 | 0.98 | 0.89 |
| Down Beta | 0.37 | -0.06 | -0.04 | 2.07 | 1.35 | 1.19 |
| Up Capture | 122% | 89% | 55% | 94% | 52% | 20% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 22 | 31 | 64 | 135 | 384 |
| Down Capture | -61% | -64% | -46% | 53% | 87% | 83% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 19 | 30 | 60 | 115 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NOA | |
|---|---|---|---|---|
| NOA | -19.8% | 52.2% | -0.21 | - |
| Sector ETF (XLE) | 37.0% | 24.9% | 1.22 | 35.9% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 38.6% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 13.0% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 30.9% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 32.5% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 22.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NOA | |
|---|---|---|---|---|
| NOA | 5.8% | 42.4% | 0.26 | - |
| Sector ETF (XLE) | 25.3% | 26.1% | 0.86 | 42.0% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 31.4% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 14.1% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 36.1% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 22.5% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 12.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NOA | |
|---|---|---|---|---|
| NOA | 22.9% | 46.2% | 0.62 | - |
| Sector ETF (XLE) | 11.4% | 29.4% | 0.42 | 45.7% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 34.3% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 6.8% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 36.2% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 27.5% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 10.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/12/2026 | 40-F |
| 09/30/2025 | 11/12/2025 | 6-K |
| 06/30/2025 | 08/13/2025 | 6-K |
| 03/31/2025 | 05/15/2025 | 6-K |
| 12/31/2024 | 03/20/2025 | 40-F |
| 09/30/2024 | 10/30/2024 | 6-K |
| 06/30/2024 | 07/31/2024 | 6-K |
| 03/31/2024 | 05/01/2024 | 6-K |
| 12/31/2023 | 03/13/2024 | 40-F |
| 09/30/2023 | 11/01/2023 | 6-K |
| 06/30/2023 | 07/26/2023 | 6-K |
| 03/31/2023 | 04/26/2023 | 6-K |
| 12/31/2022 | 02/15/2023 | 40-F |
| 09/30/2022 | 10/26/2022 | 6-K |
| 06/30/2022 | 07/27/2022 | 6-K |
| 03/31/2022 | 04/27/2022 | 6-K |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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