Pason Systems Inc. provides instrumentation and data management systems for drilling rigs.
Flawless balance sheet average dividend payer.
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's share price has been volatile over the past 3 months.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: PSI exceeded the Canadian Energy Services industry which returned -62.8% over the past year.
Return vs Market: PSI underperformed the Canadian Market which returned -11.3% over the past year.
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
4 days ago | Simply Wall StHow Much is Pason Systems' (TSE:PSI) CEO Getting Paid?
2 weeks ago | Simply Wall StHave Insiders Been Selling Pason Systems Inc. (TSE:PSI) Shares?
1 month ago | Simply Wall StWe Wouldn't Be Too Quick To Buy Pason Systems Inc. (TSE:PSI) Before It Goes Ex-Dividend
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) is trading above our estimate of fair value (CA$3.33)
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 (11.5x) compared to the CA Energy Services industry average (6x).
PE vs Market: PSI is good value based on its PE Ratio (11.5x) compared to the Canadian market (13.3x).
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 (1.6x) compared to the CA Energy Services industry average (0.3x).
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 (-86.1% per year).
Earnings vs Market: PSI's earnings are forecast to decline over the next 3 years (-86.1% 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 (-6.3% per year).
High Growth Revenue: PSI's revenue is forecast to decline over the next 3 years (-6.3% 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
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 (18.1%) are lower than last year (22.1%).
Past Earnings Growth Analysis
Earnings Trend: PSI's earnings have grown significantly by 22.8% 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 (-25.4%) over the past year, making it difficult to compare to the Energy Services industry average (6.1%).
Return on Equity
High ROE: PSI's Return on Equity (13.8%) is considered low.
How is Pason Systems's financial position?
Financial Position Analysis
Short Term Liabilities: PSI's short term assets (CA$251.4M) exceed its short term liabilities (CA$43.9M).
Long Term Liabilities: PSI's short term assets (CA$251.4M) exceed its long term liabilities (CA$33.6M).
Debt to Equity History and Analysis
Debt Level: PSI is debt free.
Reducing Debt: PSI has not had any debt for past 5 years.
Debt Coverage: PSI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PSI has no debt, therefore coverage of interest payments is not a concern.
What is Pason Systems's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PSI's dividend (10.86%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).
High Dividend: PSI's dividend (10.86%) is in the top 25% of dividend payers in the Canadian market (6.03%)
Stability and Growth of Payments
Stable Dividend: PSI's dividends per share have been stable in the past 10 years.
Growing Dividend: PSI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (122.7%), PSI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marcel Kessler (53yo)
Mr. Marcel Kessler has been the Chief Executive Officer and President of Pason Systems Inc., since November 07, 2011. Mr. Kessler has been a Partner of McKinsey & Company since 2001. Mr. Kessler served as ...
CEO Compensation Analysis
Compensation vs Market: Marcel's total compensation ($USD2.01M) is above average for companies of similar size in the Canadian market ($USD1.05M).
Compensation vs Earnings: Marcel's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||6.33yrs||CA$1.23m||0.026% CA$155.2k|
|President & GM of United States||0.50yr||CA$1.32m||0.077% CA$467.7k|
|General Counsel & Corporate Secretary||1.5yrs||no data||0.0019% CA$11.5k|
|President of Energy Toolbase||0.50yr||no data||no data|
|President of Verdazo Analytics Inc.||0.50yr||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||3.5yrs||no data||0.13% CA$814.5k|
Experienced Management: PSI's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
|Independent Director||7.92yrs||CA$198.54k||no data|
|Independent Director||5.42yrs||CA$181.28k||no data|
|Independent Lead Director||no data||CA$97.03k||0.41% CA$2.5m|
|Chairman of the Board||no data||CA$168.43k||6.65% CA$40.4m|
|Independent Non-Executive Director||0.92yr||CA$33.11k||no data|
Experienced Board: PSI's board of directors are considered experienced (6.7 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.
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$607.532m
- Shares outstanding: 84.15m
- 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 parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder, a drilling recorder. It also provides Pit Volume Totalizer, a well control system; ExxonMobil DAS, a drilling automation package; Gas Analyzer to detect the changes in relative volumes of hydrocarbon gases; Hazardous Gas Alarm System, which detects the presence of combustible gases and offers visible and audible alerts; Rig Communications that provides remote data communications for drillers; Rig Display, a touch screen computer to access services and applications on and around the rig floor; and SideKick, a rig floor computer, which allows for data entry and displays information around the rig. In addition, the company offers DataHub, a Web application, which collects, stores, and displays drilling data, reports, and real-time information for remote access; Directional System, an application that enables directional drillers to monitor and manage multiple wells; and Drilling Guidance System, which provides real-time guidance. Further, it offers Pason Live, a Web-based data viewer, which provides visualization tools that display real-time drilling data; Tour Sheet Analytics that delivers insight into the data; WellView Field Solution, a corporate well file, which begins at the request to drill and follows through to the well completion; and VERDAZO visual analytics software, as well as training and maintenance services. The company serves operators and contractors. It has operations in Canada, the United States, and internationally. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 23:55|
|End of Day Share Price||2020/07/13 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.