North Price To Sales Ratio vs Ev To Sales Analysis

NOA Stock

CAD 28.00 0.64 2.34%

North American financial indicator trend analysis is infinitely more than just investigating North American Const recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North American Const is a good investment. Please check the relationship between North American Price To Sales Ratio and its Ev To Sales accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Price To Sales Ratio vs Ev To Sales

Price To Sales Ratio vs Ev To Sales Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North American Const Price To Sales Ratio account and Ev To Sales. At this time, the significance of the direction appears to have very strong relationship.

The correlation between North American's Price To Sales Ratio and Ev To Sales is 0.87. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of North American Construction, assuming nothing else is changed. The correlation between historical values of North American's Price To Sales Ratio and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of North American Construction are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Price To Sales Ratio i.e., North American's Price To Sales Ratio and Ev To Sales go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing North American Const stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on North American sales, a figure that is much harder to manipulate than other North American Construction multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Ev To Sales

The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.

Most indicators from North American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North American Const current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, North American's Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.08, while Selling General Administrative is likely to drop about 32.3 M.

	2021	2022	2023	2024 (projected)
Total Revenue	654.1M	769.5M	957.2M	605.0M
Interest Expense	18.0M	23.5M	36.9M	28.0M

Total Revenue Interest Expense

North American fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.88	-0.66	0.39	-0.51	0.99	0.93	0.41	0.92	0.96	-0.19	0.92	0.72	0.63	0.73	0.94	0.04	0.73	0.23	-0.41	0.41	0.94	0.93	0.0	0.95	0.44
Total Stockholder Equity	0.88		-0.79	0.39	-0.44	0.81	0.71	0.22	0.67	0.88	-0.47	0.67	0.74	0.37	0.73	0.83	0.2	0.73	-0.07	-0.61	0.47	0.73	0.9	-0.15	0.91	0.17
Other Assets	-0.66	-0.79		-0.37	0.01	-0.59	-0.41	-0.1	-0.48	-0.61	0.46	-0.4	-0.3	-0.31	-0.34	-0.5	-0.07	-0.34	0.01	0.89	-0.57	-0.4	-0.61	0.07	-0.62	-0.13
Common Stock Shares Outstanding	0.39	0.39	-0.37		-0.54	0.37	0.15	0.5	0.48	0.18	0.1	0.18	-0.11	0.51	-0.07	0.12	-0.35	-0.07	0.58	-0.51	0.86	0.16	0.24	0.39	0.19	0.59
Other Stockholder Equity	-0.51	-0.44	0.01	-0.54		-0.51	-0.45	-0.64	-0.63	-0.39	-0.26	-0.42	-0.5	-0.56	-0.52	-0.45	0.12	-0.52	-0.47	-0.15	-0.4	-0.51	-0.55	-0.17	-0.49	-0.62
Total Liab	0.99	0.81	-0.59	0.37	-0.51		0.95	0.45	0.95	0.94	-0.11	0.94	0.68	0.67	0.7	0.93	-0.01	0.7	0.3	-0.34	0.38	0.95	0.9	0.05	0.92	0.49
Short Long Term Debt Total	0.93	0.71	-0.41	0.15	-0.45	0.95		0.4	0.85	0.94	-0.11	0.99	0.78	0.56	0.76	0.96	0.04	0.76	0.14	-0.11	0.09	0.99	0.88	-0.01	0.91	0.38
Other Current Liab	0.41	0.22	-0.1	0.5	-0.64	0.45	0.4		0.59	0.23	0.22	0.43	0.17	0.62	0.15	0.25	-0.66	0.15	0.58	0.07	0.39	0.4	0.38	0.68	0.31	0.92
Total Current Liabilities	0.92	0.67	-0.48	0.48	-0.63	0.95	0.85	0.59		0.8	0.13	0.86	0.54	0.81	0.58	0.81	-0.11	0.58	0.55	-0.24	0.46	0.87	0.81	0.14	0.8	0.67
Property Plant And Equipment Net	0.96	0.88	-0.61	0.18	-0.39	0.94	0.94	0.23	0.8		-0.32	0.92	0.83	0.46	0.81	0.99	0.19	0.81	-0.01	-0.34	0.2	0.95	0.95	-0.16	0.98	0.21
Current Deferred Revenue	-0.19	-0.47	0.46	0.1	-0.26	-0.11	-0.11	0.22	0.13	-0.32		-0.08	-0.32	0.48	-0.27	-0.23	0.01	-0.27	0.76	0.48	-0.03	-0.1	-0.26	-0.03	-0.31	0.41
Net Debt	0.92	0.67	-0.4	0.18	-0.42	0.94	0.99	0.43	0.86	0.92	-0.08		0.72	0.59	0.68	0.94	0.0	0.68	0.19	-0.12	0.1	0.98	0.86	0.03	0.88	0.41
Retained Earnings	0.72	0.74	-0.3	-0.11	-0.5	0.68	0.78	0.17	0.54	0.83	-0.32	0.72		0.23	0.9	0.88	0.35	0.9	-0.25	0.03	-0.15	0.8	0.88	-0.32	0.88	0.01
Accounts Payable	0.63	0.37	-0.31	0.51	-0.56	0.67	0.56	0.62	0.81	0.46	0.48	0.59	0.23		0.23	0.49	-0.03	0.23	0.82	-0.16	0.44	0.57	0.53	0.04	0.48	0.79
Cash	0.73	0.73	-0.34	-0.07	-0.52	0.7	0.76	0.15	0.58	0.81	-0.27	0.68	0.9	0.23		0.84	0.26	1.0	-0.18	-0.02	0.0	0.79	0.81	-0.24	0.84	0.09
Non Current Assets Total	0.94	0.83	-0.5	0.12	-0.45	0.93	0.96	0.25	0.81	0.99	-0.23	0.94	0.88	0.49	0.84		0.22	0.84	0.02	-0.2	0.11	0.97	0.95	-0.19	0.97	0.23
Non Currrent Assets Other	0.04	0.2	-0.07	-0.35	0.12	-0.01	0.04	-0.66	-0.11	0.19	0.01	0.0	0.35	-0.03	0.26	0.22		0.26	-0.25	-0.05	-0.32	0.05	0.19	-0.99	0.19	-0.58
Cash And Short Term Investments	0.73	0.73	-0.34	-0.07	-0.52	0.7	0.76	0.15	0.58	0.81	-0.27	0.68	0.9	0.23	1.0	0.84	0.26		-0.18	-0.02	0.0	0.79	0.81	-0.24	0.84	0.09
Net Receivables	0.23	-0.07	0.01	0.58	-0.47	0.3	0.14	0.58	0.55	-0.01	0.76	0.19	-0.25	0.82	-0.18	0.02	-0.25	-0.18		0.01	0.49	0.16	0.06	0.26	0.0	0.8
Good Will	-0.41	-0.61	0.89	-0.51	-0.15	-0.34	-0.11	0.07	-0.24	-0.34	0.48	-0.12	0.03	-0.16	-0.02	-0.2	-0.05	-0.02	0.01		-0.7	-0.09	-0.29	0.03	-0.31	-0.03
Common Stock Total Equity	0.41	0.47	-0.57	0.86	-0.4	0.38	0.09	0.39	0.46	0.2	-0.03	0.1	-0.15	0.44	0.0	0.11	-0.32	0.0	0.49	-0.7		0.12	0.22	0.35	0.21	0.55
Non Current Liabilities Total	0.94	0.73	-0.4	0.16	-0.51	0.95	0.99	0.4	0.87	0.95	-0.1	0.98	0.8	0.57	0.79	0.97	0.05	0.79	0.16	-0.09	0.12		0.9	-0.02	0.92	0.39
Inventory	0.93	0.9	-0.61	0.24	-0.55	0.9	0.88	0.38	0.81	0.95	-0.26	0.86	0.88	0.53	0.81	0.95	0.19	0.81	0.06	-0.29	0.22	0.9		-0.15	0.99	0.3
Other Current Assets	0.0	-0.15	0.07	0.39	-0.17	0.05	-0.01	0.68	0.14	-0.16	-0.03	0.03	-0.32	0.04	-0.24	-0.19	-0.99	-0.24	0.26	0.03	0.35	-0.02	-0.15		-0.16	0.6
Property Plant And Equipment Gross	0.95	0.91	-0.62	0.19	-0.49	0.92	0.91	0.31	0.8	0.98	-0.31	0.88	0.88	0.48	0.84	0.97	0.19	0.84	0.0	-0.31	0.21	0.92	0.99	-0.16		0.25
Total Current Assets	0.44	0.17	-0.13	0.59	-0.62	0.49	0.38	0.92	0.67	0.21	0.41	0.41	0.01	0.79	0.09	0.23	-0.58	0.09	0.8	-0.03	0.55	0.39	0.3	0.6	0.25

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North American Account Relationship Matchups

North American fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	792.7M	838.9M	869.3M	979.5M	1.5B	1.6B
Total Stockholder Equity	180.1M	248.4M	278.5M	305.9M	356.7M	374.5M
Other Assets	22.4M	23.0M	6M	3.2M	2.9M	2.7M
Common Stock Shares Outstanding	32.8M	32.3M	33.9M	34.0M	33.0M	34.6M
Liabilities And Stockholders Equity	792.7M	838.9M	869.3M	979.5M	1.5B	1.6B
Other Stockholder Equity	34.0M	28.5M	19.7M	5.7M	4.6M	4.3M
Total Liab	612.5M	590.5M	590.8M	673.6M	1.2B	1.2B
Short Long Term Debt Total	432.1M	446.2M	395.2M	435.4M	717.1M	752.9M
Other Current Liab	17.2M	19.3M	44.8M	58.2M	56.8M	31.7M
Total Current Liabilities	157.3M	109.2M	161.0M	192.3M	324.0M	340.2M
Property Plant And Equipment Net	609.6M	651.9M	655.7M	660.5M	1.2B	1.2B
Current Deferred Revenue	23K	1.5M	3.3M	1.4M	59K	56.1K
Net Debt	426.6M	402.3M	378.6M	366.2M	628.4M	659.9M
Retained Earnings	(79.9M)	(35.2M)	11.9M	70.5M	123.0M	129.2M
Accounts Payable	88.2M	41.4M	76.3M	102.5M	146.2M	79.9M
Cash	5.5M	43.9M	16.6M	69.1M	88.6M	93.0M
Non Current Assets Total	675.3M	719.0M	722.1M	749.2M	1.3B	1.3B
Non Currrent Assets Other	7.1M	6.2M	6M	5.3M	6.6M	6.9M
Cash And Short Term Investments	5.5M	43.9M	16.6M	69.1M	88.6M	93.0M
Net Receivables	85.9M	39.1M	78.5M	99.6M	132.9M	98.0M
Common Stock Total Equity	231.0M	221.8M	226.0M	255.1M	293.3M	276.3M
Non Current Liabilities Total	455.2M	481.3M	429.8M	481.3M	865.8M	909.1M
Inventory	21.6M	19.2M	44.5M	49.9M	65.0M	68.2M
Other Current Assets	4.7M	17.6M	7.5M	11.7M	8.7M	16.6M
Property Plant And Equipment Gross	609.6M	651.9M	995.2M	1.0B	1.6B	1.7B
Total Current Assets	117.4M	120.0M	147.2M	230.4M	295.2M	152.0M
Short Term Debt	53.9M	47.2M	48.0M	44.6M	94.4M	99.2M
Common Stock	226.0M	255.1M	246.9M	229.5M	263.9M	273.2M
Other Liab	77.0M	83.0M	82.6M	90.5M	104.0M	74.0M
Net Tangible Assets	180.1M	248.4M	274.1M	298.6M	343.4M	219.1M
Long Term Debt	313.4M	341.5M	306.0M	358.1M	611.3M	641.9M
Short Long Term Debt	18.5M	16.3M	19.7M	20.6M	92.7M	97.3M
Property Plant Equipment	609.6M	651.9M	655.7M	660.5M	759.6M	488.2M
Long Term Debt Total	360.5M	384.1M	335.7M	378.5M	435.2M	280.0M
Capital Surpluse	49.9M	46.5M	37.5M	22.1M	19.9M	33.9M
Treasury Stock	(11.7M)	(15.9M)	(18.0M)	(17.8M)	(16.0M)	(16.8M)

Pair Trading with North American

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if North American position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in North American will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back North American - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling North American Construction to buy it.

The correlation of North American is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Const moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for North American can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether North American Const offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of North American's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of North American Construction Stock. Outlined below are crucial reports that will aid in making a well-informed decision on North American Construction Stock:

How To Invest In North

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Is North Stock a good investment?

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What is North American's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North American Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Please note, there is a significant difference between North American's value and its price as these two are different measures arrived at by different means. Investors typically determine if North American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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North Price To Sales Ratio vs Ev To Sales Analysis

Price To Sales Ratio vs Ev To Sales

Price To Sales Ratio vs Ev To Sales Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Ev To Sales

North American fundamental ratios Correlations

North American Account Relationship Matchups

High Positive Relationship

High Negative Relationship

North American fundamental ratios Accounts

Pair Trading with North American

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.99	Short Long Term Debt Total
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Property Plant And Equipment Gross	+ 0.99	Inventory

Other Current Assets	- 0.99	Non Currrent Assets Other
Other Assets	- 0.79	Total Stockholder Equity
Common Stock Total Equity	- 0.7	Good Will
Non Currrent Assets Other	- 0.66	Other Current Liab
Other Assets	- 0.66	Total Assets
Other Current Liab	- 0.64	Other Stockholder Equity