Pason Systems Inc. provides instrumentation and data management systems for drilling rigs. More Details
Flawless balance sheet with questionable track record.
Share Price & News
How has Pason Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: PSI underperformed the Canadian Energy Services industry which returned -38.2% over the past year.
Return vs Market: PSI underperformed the Canadian Market which returned 0.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Pason Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StAre Pason Systems Inc.'s (TSE:PSI) Mixed Financials Driving The Negative Sentiment?
3 weeks ago | Simply Wall StWho Has Been Selling Pason Systems Inc. (TSE:PSI) Shares?
1 month ago | Simply Wall StWhat Kind Of Shareholders Own Pason Systems Inc. (TSE:PSI)?
Is Pason Systems undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PSI (CA$7.48) is trading above our estimate of fair value (CA$1.77)
Significantly Below Fair Value: PSI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PSI is poor value based on its PE Ratio (32.9x) compared to the CA Energy Services industry average (16.6x).
PE vs Market: PSI is poor value based on its PE Ratio (32.9x) compared to the Canadian market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: PSI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PSI is overvalued based on its PB Ratio (2x) compared to the CA Energy Services industry average (0.5x).
How is Pason Systems forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSI's earnings are forecast to decline over the next 3 years (-77.6% per year).
Earnings vs Market: PSI's earnings are forecast to decline over the next 3 years (-77.6% per year).
High Growth Earnings: PSI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PSI's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: PSI's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PSI's Return on Equity is forecast to be low in 3 years time (0.1%).
How has Pason Systems performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSI has high quality earnings.
Growing Profit Margin: PSI's current net profit margins (10%) are lower than last year (20.8%).
Past Earnings Growth Analysis
Earnings Trend: PSI's earnings have grown significantly by 47.9% per year over the past 5 years.
Accelerating Growth: PSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PSI had negative earnings growth (-70.2%) over the past year, making it difficult to compare to the Energy Services industry average (-54.8%).
Return on Equity
High ROE: PSI's Return on Equity (5.7%) is considered low.
How is Pason Systems's financial position?
Financial Position Analysis
Short Term Liabilities: PSI's short term assets (CA$212.3M) exceed its short term liabilities (CA$45.3M).
Long Term Liabilities: PSI's short term assets (CA$212.3M) exceed its long term liabilities (CA$27.9M).
Debt to Equity History and Analysis
Debt Level: PSI is debt free.
Reducing Debt: PSI has not had any debt for past 5 years.
Debt Coverage: PSI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PSI has no debt, therefore coverage of interest payments is not a concern.
What is Pason Systems's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PSI's dividend (2.67%) is higher than the bottom 25% of dividend payers in the Canadian market (1.65%).
High Dividend: PSI's dividend (2.67%) is low compared to the top 25% of dividend payers in the Canadian market (5.28%).
Stability and Growth of Payments
Stable Dividend: PSI's dividend payments have been volatile in the past 10 years.
Growing Dividend: PSI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (272.9%), PSI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PSI's dividends in 3 years are not forecast to be well covered by earnings (187.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jon Faber, CFA, CBV, has been Director at Pason Systems Inc. since 2020 and also serves as it's President and Chief Executive Officer since October 01, 2020. Mr. Faber was the Chief Financial Officer o...
CEO Compensation Analysis
Compensation vs Market: Jon's total compensation ($USD942.34K) is about average for companies of similar size in the Canadian market ($USD864.82K).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
|President & GM of United States||0.83yr||CA$1.32m||0% |
|Chief Financial Officer||0.083yr||CA$445.05k||0.012% |
|Vice President of Operations||no data||no data||0.0087% |
|Vice President of Product & Technology||0.83yr||no data||0.012% |
|VP of Legal & Corporate Secretary||1.83yrs||no data||0.0019% |
|President of Energy Toolbase||0.83yr||no data||no data|
|President of Verdazo Analytics Inc.||no data||no data||no data|
|Director of Support Services - United States Business Unit||no data||CA$145.00k||no data|
|Vice President of Rig-site Research & Development||3.83yrs||no data||0.14% |
Experienced Management: PSI's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Independent Director||8.25yrs||CA$198.54k||no data|
|Independent Director||5.75yrs||CA$181.28k||no data|
|Independent Lead Director||no data||CA$97.03k||0.42% |
|Non-Executive Chairman||0.083yr||CA$2.73m||0.078% |
|Independent Non-Executive Director||1.25yrs||CA$33.11k||no data|
Experienced Board: PSI's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PSI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pason Systems Inc.'s company bio, 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
- Market Cap: CA$594.086m
- Shares outstanding: 83.21m
- Website: https://www.pason.com
Number of Employees
- Pason Systems Inc.
- 6130 Third Street SE
- T2H 1K4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PSI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Nov 1996|
|3PS||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 1996|
|PSYT.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 1996|
Pason Systems Inc. provides instrumentation and data management systems for drilling rigs. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring various drilling ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/25 00:03|
|End of Day Share Price||2020/11/24 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.