Professional
Added to YB: 2024-12-16
Pitch date: 2024-12-16
NOA [bullish]
North American Construction Group Ltd.
-2.95%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$795.4M
Pitch Price
$21.05
Price Target
N/A
Dividend
1.62%
Sector
Energy Equipment and Services
Category
value
Bonhoeffer Capital Management Portfolio Holding: North American Construction Group Ltd.
NOA: Dirt moving services firm focused on hostile weather locations. High RoE & RoliC from acquisition/buyback model. MacKellar acquisition to boost RoE. DCF assumes industry growth post-2025, steady margins, 5% buyback. Projecting upper teens EPS growth, $85/share value, 23% IRR. Leveraged buyout play with pricing power.
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