North American Construction Group Ltd
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. The company operates Heavy Equipment - Canada, Heavy Equipment - Australia, and Other segments. It offers mine management services for a thermal coal mine; and construction and operati… Read more
North American Construction Group Ltd (NOA) - Net Assets
Latest net assets as of September 2025: $338.24 Million USD
Based on the latest financial reports, North American Construction Group Ltd (NOA) has net assets worth $338.24 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.34 Billion) and total liabilities ($1.01 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $338.24 Million |
| % of Total Assets | 25.17% |
| Annual Growth Rate | 13.42% |
| 5-Year Change | 99.43% |
| 10-Year Change | 126.61% |
| Growth Volatility | 94.57 |
North American Construction Group Ltd - Net Assets Trend (1999–2024)
This chart illustrates how North American Construction Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for North American Construction Group Ltd (1999–2024)
The table below shows the annual net assets of North American Construction Group Ltd from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $388.90 Million | +9.04% |
| 2023-12-31 | $356.65 Million | +16.58% |
| 2022-12-31 | $305.92 Million | +9.86% |
| 2021-12-31 | $278.46 Million | +42.79% |
| 2020-12-31 | $195.01 Million | +8.27% |
| 2019-12-31 | $180.12 Million | +19.91% |
| 2018-12-31 | $150.22 Million | +2.94% |
| 2017-12-31 | $145.92 Million | -8.20% |
| 2016-12-31 | $158.95 Million | -7.38% |
| 2015-12-31 | $171.62 Million | -9.47% |
| 2014-12-31 | $189.58 Million | -1.18% |
| 2013-12-31 | $191.84 Million | +49.94% |
| 2012-12-31 | $127.94 Million | +0.13% |
| 2011-12-31 | $127.78 Million | -13.23% |
| 2010-12-31 | $147.27 Million | -18.66% |
| 2009-12-31 | $181.06 Million | +22.80% |
| 2008-12-31 | $147.44 Million | -47.97% |
| 2007-12-31 | $283.36 Million | +16.00% |
| 2006-12-31 | $244.28 Million | +365.06% |
| 2005-12-31 | $52.53 Million | -28.57% |
| 2004-12-31 | $73.54 Million | -40.25% |
| 2003-12-31 | $123.08 Million | +312.77% |
| 2002-12-31 | $29.82 Million | +71.57% |
| 2001-12-31 | $17.38 Million | +3.63% |
| 2000-12-31 | $16.77 Million | +0.55% |
| 1999-12-31 | $16.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to North American Construction Group Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 15612500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $156.12 Million | 40.15% |
| Common Stock | $228.96 Million | 58.87% |
| Other Comprehensive Income | $-1.09 Million | -0.28% |
| Other Components | $4.91 Million | 1.26% |
| Total Equity | $388.90 Million | 100.00% |
North American Construction Group Ltd Competitors by Market Cap
The table below lists competitors of North American Construction Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kido Group Corp
VN:KDC
|
$338.51 Million |
|
PT Lippo Karawaci Tbk
PINK:PTLKF
|
$338.52 Million |
|
Virgin Australia Holdings Ltd
AU:VGN
|
$338.59 Million |
|
Poly Property Group Co. Limited
PINK:PHKIF
|
$338.60 Million |
|
Shanxi C&Y Pharmaceutical Group Co Ltd
SHE:300254
|
$338.45 Million |
|
Sanyo Chemical Industries Ltd
F:XSI
|
$338.32 Million |
|
Jasmine Telecom Systems Public Company Limited
BK:JTS
|
$338.29 Million |
|
Zhejiang Jianfeng Group Co Ltd
SHG:600668
|
$338.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North American Construction Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 356,654,000 to 388,902,000, a change of 32,248,000 (9.0%).
- Net income of 44,085,000 contributed positively to equity growth.
- Dividend payments of 10,644,000 reduced retained earnings.
- Share repurchases of 6,777,000 reduced equity.
- Other comprehensive income decreased equity by 683,000.
- Other factors increased equity by 6,267,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $44.09 Million | +11.34% |
| Dividends Paid | $10.64 Million | -2.74% |
| Share Repurchases | $6.78 Million | -1.74% |
| Other Comprehensive Income | $-683.00K | -0.18% |
| Other Changes | $6.27 Million | +1.61% |
| Total Change | $- | 9.04% |
Book Value vs Market Value Analysis
This analysis compares North American Construction Group Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.31x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $0.62 | $13.17 | x |
| 2000-12-31 | $0.62 | $13.17 | x |
| 2001-12-31 | $0.64 | $13.17 | x |
| 2002-12-31 | $1.10 | $13.17 | x |
| 2003-12-31 | $4.56 | $13.17 | x |
| 2004-12-31 | $2.72 | $13.17 | x |
| 2005-12-31 | $1.98 | $13.17 | x |
| 2006-12-31 | $9.60 | $13.17 | x |
| 2007-12-31 | $7.68 | $13.17 | x |
| 2008-12-31 | $4.09 | $13.17 | x |
| 2009-12-31 | $4.93 | $13.17 | x |
| 2010-12-31 | $4.08 | $13.17 | x |
| 2011-12-31 | $3.53 | $13.17 | x |
| 2012-12-31 | $3.53 | $13.17 | x |
| 2013-12-31 | $5.24 | $13.17 | x |
| 2014-12-31 | $5.41 | $13.17 | x |
| 2015-12-31 | $5.24 | $13.17 | x |
| 2016-12-31 | $5.30 | $13.17 | x |
| 2017-12-31 | $4.93 | $13.17 | x |
| 2018-12-31 | $4.76 | $13.17 | x |
| 2019-12-31 | $5.48 | $13.17 | x |
| 2020-12-31 | $6.04 | $13.17 | x |
| 2021-12-31 | $8.20 | $13.17 | x |
| 2022-12-31 | $9.00 | $13.17 | x |
| 2023-12-31 | $10.80 | $13.17 | x |
| 2024-12-31 | $11.77 | $13.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North American Construction Group Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.78%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 4.36x
- Recent ROE (11.34%) is above the historical average (1.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 49.44% | 4.55% | 1.86x | 5.83x | $6.58 Million |
| 2000 | 0.55% | 0.04% | 1.91x | 7.72x | $-1.58 Million |
| 2001 | 9.26% | 0.65% | 2.07x | 6.93x | $-128.90K |
| 2002 | 41.88% | 3.63% | 2.17x | 5.32x | $9.51 Million |
| 2003 | -12.75% | -4.15% | 0.77x | 3.98x | $-28.01 Million |
| 2004 | -57.54% | -11.84% | 0.68x | 7.16x | $-49.67 Million |
| 2005 | -41.76% | -4.46% | 0.84x | 11.17x | $-27.19 Million |
| 2006 | 8.63% | 3.35% | 0.89x | 2.91x | $-3.35 Million |
| 2007 | 14.04% | 4.02% | 1.25x | 2.80x | $11.45 Million |
| 2008 | -94.63% | -14.35% | 1.54x | 4.27x | $-154.26 Million |
| 2009 | 15.59% | 3.72% | 1.08x | 3.88x | $10.11 Million |
| 2010 | -23.53% | -4.04% | 1.26x | 4.64x | $-49.38 Million |
| 2011 | -16.56% | -2.10% | 1.34x | 5.87x | $-33.94 Million |
| 2012 | -1.14% | -0.27% | 0.83x | 5.16x | $-14.26 Million |
| 2013 | 36.06% | 14.70% | 1.06x | 2.32x | $50.00 Million |
| 2014 | -0.62% | -0.25% | 1.03x | 2.41x | $-20.13 Million |
| 2015 | -4.35% | -2.66% | 0.78x | 2.10x | $-24.63 Million |
| 2016 | -0.28% | -0.21% | 0.61x | 2.20x | $-16.34 Million |
| 2017 | 3.61% | 1.80% | 0.76x | 2.63x | $-9.33 Million |
| 2018 | 10.21% | 3.73% | 0.59x | 4.61x | $313.90K |
| 2019 | 20.47% | 5.13% | 0.91x | 4.40x | $18.87 Million |
| 2020 | 25.23% | 9.87% | 0.76x | 3.38x | $29.71 Million |
| 2021 | 18.46% | 7.86% | 0.75x | 3.12x | $23.56 Million |
| 2022 | 22.02% | 8.75% | 0.79x | 3.20x | $36.78 Million |
| 2023 | 17.70% | 6.60% | 0.62x | 4.34x | $27.48 Million |
| 2024 | 11.34% | 3.78% | 0.69x | 4.36x | $5.19 Million |
Industry Comparison
This section compares North American Construction Group Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North American Construction Group Ltd (NOA) | $338.24 Million | 49.44% | 2.97x | $338.49 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |