PSI Stock Analysis: Pason Systems | TO
Oil & Gas Equipment & Services | TO, Canada | Market Cap: 1.047m CAD | 12M Return: 20% | CA7029251088 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.27M
EPS Trend: -90.7%
Qual. Beats: 1
Rev. Trend: 83.0%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Pason Systems Inc. supplies drilling instrumentation, automation software, data-management tools, and support services to oil and gas drilling contractors and other oilfield companies worldwide. Its offerings provide real-time rig data and tools for monitoring and optimizing drilling operations, including equipment for measuring mud properties and detecting hazardous gases. The company also serves the solar power and energy storage industries.
Founded in 1978 and headquartered in Calgary, Pason operates in the oil and gas equipment and services sector, where demand for drilling-related products and services is closely linked to industry activity. Its business combines rig-site hardware with software, data services, and customer support.
- North American drilling activity drives equipment utilization and revenue
- Automation adoption and product mix support margins amid competition
- Oil-price swings shape customer spending and drilling demand
| Net Income: 47.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -2.28 > 1.0 |
| NWC/Revenue: 25.91% < 20% (prev 24.77%; Δ 1.14% < -1%) |
| CFO/TA 0.16 > 3% & CFO 99.0m > Net Income 47.6m |
| Net Debt (-40.8m) to EBITDA (138.5m): -0.29 < 3 |
| Current Ratio: 2.29 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.8m) vs 12m ago -1.22% < -2% |
| Gross Margin: 43.95% > 18% (prev 85.47%; Δ -41.52% > 0.5%) |
| Asset Turnover: 69.79% > 50% (prev 73.32%; Δ -3.53% > 0%) |
| Interest Coverage Ratio: 5.49 > 6 (EBIT TTM 75.9m / Interest Expense TTM 13.8m) |
| A: 0.18 (Total Current Assets 189.6m - Total Current Liabilities 82.7m) / Total Assets 606.2m |
| B: 0.40 (Retained Earnings 244.7m / Total Assets 606.2m) |
| C: 0.13 (EBIT TTM 75.9m / Avg Total Assets 591.6m) |
| D: 4.21 (Book Value of Equity 498.7m / Total Liabilities 118.6m) |
| Altman-Z'' = 7.75 = AAA |
| DSRI: 1.25 (Receivables 93.1m/76.4m, Revenue 412.9m/423.1m) |
| GMI: 1.94 (GM 85.47% / 43.95%) |
| AQI: 0.94 (AQ_t 0.34 / AQ_t-1 0.36) |
| SGI: 0.98 (Revenue 412.9m / 423.1m) |
| TATA: -0.08 (NI 47.6m - CFO 99.0m) / TA 606.2m) |
| Beneish M = -2.03 (Cap -4..+1) = BB |
As of November 12, 2026, the stock is trading at CAD 14.25 with a total of 76,821 shares traded. Over the past week, the price has changed by +4.78%, over one month by +0.21%, over three months by +12.42% and over the past year by +19.98%.
Current recommended Stop Loss: 13.30 (which is 6.7% or 2.1 ATR below the current price).
Pason Systems has no consensus analysts rating.
P/E Trailing = 21.7581
P/E Forward = 11.8203
P/S = 2.5366
P/B = 2.1623
P/EG = 2.2386
Revenue TTM = 412.9m CAD
EBIT TTM = 75.9m CAD
EBITDA TTM = 138.5m CAD
Long Term Debt = 25.0m CAD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 2.99m CAD (from shortTermDebt, last quarter)
Debt = 27.5m CAD (from shortLongTermDebtTotal, last quarter) (leases 27.5m already included)
Net Debt = -40.8m CAD (calculated: Debt 27.5m - CCE 68.3m)
Enterprise Value = 1.01b CAD (1.05b + Debt 27.5m - CCE 68.3m)
Interest Coverage Ratio = 5.49 (Ebit TTM 75.9m / Interest Expense TTM 13.8m)
EV/FCF = 20.61x (Enterprise Value 1.01b / FCF TTM 48.8m)
FCF Yield = 4.85% (FCF TTM 48.8m / Enterprise Value 1.01b)
FCF Margin = 11.83% (FCF TTM 48.8m / Revenue TTM 412.9m)
Net Margin = 11.53% (Net Income TTM 47.6m / Revenue TTM 412.9m)
Gross Margin = 43.95% ((Revenue TTM 412.9m - Cost of Revenue TTM 231.4m) / Revenue TTM)
Gross Margin QoQ = 44.12% (prev 44.40%)
Tobins Q-Ratio = 1.66 (Enterprise Value 1.01b / Total Assets 606.2m)
Interest Expense / Debt = 50.29% (Interest Expense 13.8m / Debt 27.5m)
Taxrate = 26.03% (16.2m / 62.1m)
NOPAT = 56.2m (EBIT 75.9m * (1 - 26.03%))
Current Ratio = 2.29 (Total Current Assets 189.6m / Total Current Liabilities 82.7m)
Debt / Equity = 0.06 (Debt 27.5m / totalStockholderEquity, last quarter 498.7m)
Debt / EBITDA = -0.29 (Net Debt -40.8m / EBITDA 138.5m)
Debt / FCF = -0.83 (Net Debt -40.8m / FCF TTM 48.8m)
Total Stockholder Equity = 490.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.05% (Net Income 47.6m / Total Assets 606.2m)
RoE = 9.71% (Net Income TTM 47.6m / Total Stockholder Equity 490.4m)
RoCE = 14.73% (EBIT 75.9m / Capital Employed (Equity 490.4m + L.T.Debt 25.0m))
RoIC = 11.11% (NOPAT 56.2m / Invested Capital 505.8m)
WACC = 7.35% (E(1.05b)/V(1.07b) * Re(7.54%) + (debt cost/tax rate unavailable))
Discount Rate = 7.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.83 | Cagr: -1.16%
[DCF] Terminal Value 73.10% ; FCFF base≈53.2m ; Y1≈46.6m ; Y5≈37.7m
[DCF] Fair Price = 8.31 (EV 604.7m - Net Debt -40.8m = Equity 645.5m / Shares 77.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -90.75 | EPS CAGR: -32.50% | SUE: 1.14 | # QB: 1
Revenue Correlation: 82.98 | Revenue CAGR: 4.94% | SUE: 0.96 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.24 | Chg30d=-2.68% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=0.82 | Chg30d=-1.49% | Revisions=-40% | GrowthEPS=+21.3% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=1.11 | Chg30d=+0.00% | Revisions=+57% | GrowthEPS=+34.2% | GrowthRev=+8.4%
[Analyst] Revisions Ratio: +10% (up=4, down=3)