PSI Stock Overview
Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally.
Pason Systems Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$14.24|
|52 Week High||CA$17.12|
|52 Week Low||CA$7.50|
|1 Month Change||-14.06%|
|3 Month Change||-9.42%|
|1 Year Change||59.82%|
|3 Year Change||-24.97%|
|5 Year Change||-26.37%|
|Change since IPO||2,897.90%|
Recent News & Updates
An Intrinsic Calculation For Pason Systems Inc. (TSE:PSI) Suggests It's 38% Undervalued
How far off is Pason Systems Inc. ( TSE:PSI ) from its intrinsic value? Using the most recent financial data, we'll...
Returns Are Gaining Momentum At Pason Systems (TSE:PSI)
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
|PSI||CA Energy Services||CA Market|
Return vs Industry: PSI exceeded the Canadian Energy Services industry which returned -0% over the past year.
Return vs Market: PSI exceeded the Canadian Market which returned -4% over the past year.
|PSI Average Weekly Movement||6.1%|
|Energy Services Industry Average Movement||8.0%|
|Market Average Movement||10.0%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: PSI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PSI's weekly volatility (6%) has been stable over the past year.
About the Company
Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for storing data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance. It also provides Drilling intelligence to suggest drilling parameters, detect disfunction, and send event alerts to onsite personnel and remote engineers in real time; and Drilling automation, a reality across rig platforms.
Pason Systems Fundamentals Summary
|PSI fundamental statistics|
Is PSI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PSI income statement (TTM)|
|Cost of Revenue||CA$97.05m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 10, 2022
|Earnings per share (EPS)||0.59|
|Net Profit Margin||20.16%|
How did PSI perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Is PSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PSI?
Other financial metrics that can be useful for relative valuation.
|What is PSI's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PSI's PE Ratio compare to its peers?
|PSI PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
TCW Trican Well Service
CEU CES Energy Solutions
TOT Total Energy Services
CMG Computer Modelling Group
PSI Pason Systems
Price-To-Earnings vs Peers: PSI is good value based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (32.2x).
Price to Earnings Ratio vs Industry
How does PSI's PE Ratio compare vs other companies in the North American Energy Services Industry?
Price-To-Earnings vs Industry: PSI is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the Canadian Energy Services industry average (18x)
Price to Earnings Ratio vs Fair Ratio
What is PSI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||24.3x|
|Fair PE Ratio||18.7x|
Price-To-Earnings vs Fair Ratio: PSI is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).
Share Price vs Fair Value
What is the Fair Price of PSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PSI (CA$14.24) is trading below our estimate of fair value (CA$26.15)
Significantly Below Fair Value: PSI is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: PSI is good value based on its PEG Ratio (0.8x)
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How is Pason Systems forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSI's forecast earnings growth (32% per year) is above the savings rate (1.6%).
Earnings vs Market: PSI's earnings (32% per year) are forecast to grow faster than the Canadian market (8.2% per year).
High Growth Earnings: PSI's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PSI's revenue (16.8% per year) is forecast to grow faster than the Canadian market (6.9% per year).
High Growth Revenue: PSI's revenue (16.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PSI's Return on Equity is forecast to be high in 3 years time
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How has Pason Systems performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSI has high quality earnings.
Growing Profit Margin: PSI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PSI has become profitable over the past 5 years, growing earnings by 6.9% per year.
Accelerating Growth: PSI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PSI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-8%).
Return on Equity
High ROE: PSI's Return on Equity (14.5%) is considered low.
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How is Pason Systems's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PSI's short term assets (CA$238.3M) exceed its short term liabilities (CA$56.0M).
Long Term Liabilities: PSI's short term assets (CA$238.3M) exceed its long term liabilities (CA$14.3M).
Debt to Equity History and Analysis
Debt Level: PSI is debt free.
Reducing Debt: PSI has not had any debt for past 5 years.
Debt Coverage: PSI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PSI has no debt, therefore coverage of interest payments is not a concern.
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What is Pason Systems's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PSI's dividend (2.25%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: PSI's dividend (2.25%) is low compared to the top 25% of dividend payers in the Canadian market (5.33%).
Stability and Growth of Payments
Stable Dividend: PSI's dividend payments have been volatile in the past 10 years.
Growing Dividend: PSI's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.5%), PSI's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (38.2%), PSI's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jon Faber (42 yo)
Mr. Jon Faber, CFA, CBV, has been Non-Independent Director, President and Chief Executive Officer at Pason Systems Inc. since October 01, 2020. Mr. Faber was the Chief Financial Officer of Pason Systems In...
CEO Compensation Analysis
Compensation vs Market: Jon's total compensation ($USD1.53M) is about average for companies of similar size in the Canadian market ($USD1.57M).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
Experienced Management: PSI's management team is considered experienced (2.4 years average tenure).
Experienced Board: PSI's board of directors are considered experienced (8.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pason Systems Inc.'s employee growth, exchange listings and data sources
- Name: Pason Systems Inc.
- Ticker: PSI
- Exchange: TSX
- Founded: 1978
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: CA$1.170b
- Shares outstanding: 82.17m
- Website: https://www.pason.com
Number of Employees
- Pason Systems Inc.
- 6130 Third Street SE
- T2H 1K4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.