Discounted Cash Flow

North American Construction Group Ltd. Foreign

NOA · Based on 10 years of SEC filings · Converted from CAD to USD

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $213.2m $-322.6k $-19.7m -0.2% $-0.01
2017 $292.6m (37.2%) $3.8m (1282.9%) $3.8m (119.4%) 1.3% (962.0%) $0.20 (2100.0%)
2018 $410.1m (40.2%) $11.1m (190.4%) $-58.8m (-1639.9%) 2.7% (107.2%) $0.61 (205.0%)
2019 $719.1m (75.4%) $26.7m (141.3%) $-113.7m (-93.4%) 3.7% (37.6%) $1.45 (137.7%)
2020 $500.4m (-30.4%) $35.7m (33.4%) $-85.1m (25.1%) 7.1% (91.8%) $1.75 (20.7%)
2021 $654.1m (30.7%) $37.3m (4.5%) $-81.7m (3.9%) 5.7% (-20.1%) $1.81 (3.4%)
2022 $769.5m (17.6%) $48.8m (31.1%) $-81.5m (0.3%) 6.3% (11.4%) $2.46 (35.9%)
2023 $964.7m (25.4%) $45.8m (-6.3%) $-145.7m (-78.8%) 4.7% (-25.2%) $2.38 (-3.3%)
2024 $1.2b (20.8%) $32.0m (-30.2%) $-202.2m (-38.8%) 2.7% (-42.2%) $1.65 (-30.7%)
2025 $1.3b (10.2%) $24.5m (-23.3%) $-202.8m (-0.3%) 1.9% (-30.3%) $1.18 (-28.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.