Pason Systems Inc

Chart & Performance

D1W1MN

P/E

10.87

P/S

2.87

EPS

1.22

Div Yield, %

5.24%

Shrs. gr., 5y

-1.21%

Rev. gr., 5y

3.81%

Revenues

369m

+10.24%

Net income

98m

-9.36%

CFO

135m

+29.32%

Dividend

Sep 13, 20240.095628 USD/sh

Earnings

Feb 26, 2025

Profile

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. In addition, the company offers Pason Gas Analyzer for real-time gas measurement; a robust system of alarms and sensors to monitor ambient gasses in the atmosphere and in the drilling fluids; and Pason Pit Volume Totalizer to track the volumes, gains, and losses of drilling fluids on location. Further, it provides field support, monitoring, drilling optimization, and office support for data integration. The company serves E&P operators, drilling contractors, and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.

URL

https://www.pason.com/

IPO date

Jun 28, 1994

Employees

678

Domiciled in

Incorporated in

Valuation

Order:

Title CAD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CAD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	369,309 10.24%	334,998 62.08%	206,686 31.95%
Cost of revenue	235,026	196,078	170,275
Unusual Expense (Income)
NOPBT	134,283	138,920	36,411
NOPBT Margin	36.36%	41.47%	17.62%
Operating Taxes	34,346	33,405	11,738
Tax Rate	25.58%	24.05%	32.24%
NOPAT	99,937	105,515	24,673
Net income	97,539 -9.36%	107,616 217.97%	33,845 559.23%
Dividends	(38,535)	(29,473)	(16,567)
Dividend yield	2.96%	2.24%	1.73%
Proceeds from repurchase of equity	(27,939)	(10,767)	(8,286)
BB yield	2.14%	0.82%	0.87%
Debt
Debt current	1,148	1,817	1,792
Long-term debt	24,834	9,241	12,866
Deferred revenue
Other long-term liabilities	8,297	7,869	18,305
Net debt	(206,123)	(209,215)	(173,671)
Cash flow
Cash from operating activities	135,033	104,414	65,061
CAPEX	(40,910)	(34,503)	(10,920)
Cash from investing activities	(13,065)	(92,233)	(27,077)
Cash from financing activities	(65,819)	(42,065)	(27,046)
FCF	76,994	74,395	29,815
Balance
Cash	171,773	172,434	158,283
Long term investments	60,332	47,839	30,046
Excess cash	213,640	203,523	177,995
Stockholders' equity	400,955	345,648	273,398
Invested Capital	208,603	187,978	148,852
ROIC	50.40%	62.65%	16.09%
ROCE	30.96%	34.90%	10.94%
EV
Common stock shares outstanding	80,589	82,617	82,914
Price	16.17 1.44%	15.94 38.13%	11.54 46.45%
Market cap	1,303,116 -1.05%	1,316,916 37.63%	956,827 44.61%
EV	1,089,890	1,102,182	779,462
EBITDA	161,499	159,762	62,100
EV/EBITDA	6.75	6.90	12.55
Interest		4,937	1,526
Interest/NOPBT		3.55%	4.19%