Pason Systems Inc
TSX:PSI

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Pason Systems Inc
TSX:PSI
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Price: 13.78 CAD -1.36% Market Closed
Market Cap: CA$1.1B

EV/IC

2.1
Current
9%
Cheaper
vs 3-y average of 2.3

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.1
=
Enterprise Value
CA$908.6m
/
Invested Capital
CA$448.6m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.1
=
Enterprise Value
CA$908.6m
/
Invested Capital
CA$448.6m

Valuation Scenarios

Pason Systems Inc is trading below its 3-year average

If EV/IC returns to its 3-Year Average (2.3), the stock would be worth CA$15.09 (10% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-22%
Maximum Upside
+185%
Average Upside
53%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.1 CA$13.78
0%
3-Year Average 2.3 CA$15.09
+10%
5-Year Average 2.9 CA$19.02
+38%
Industry Average 6.1 CA$39.33
+185%
Country Average 1.7 CA$10.8
-22%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CA
Pason Systems Inc
TSX:PSI
1.1B CAD 2.1 19
US
Schlumberger NV
NYSE:SLB
85.1B USD 2 25.6
US
Baker Hughes Co
NASDAQ:BKR
68.6B USD 2.2 22
US
Halliburton Co
NYSE:HAL
34.8B USD 2 22.6
LU
Tenaris SA
MIL:TEN
27.6B EUR 1.8 16.9
UK
TechnipFMC PLC
NYSE:FTI
30.4B USD 3.7 31.5
CN
Yantai Jereh Oilfield Services Group Co Ltd
SZSE:002353
140.3B CNY 6.1 50
UK
Subsea 7 SA
OSE:SUBC
98.7B NOK 1.8 25.4
IT
Saipem SpA
MIL:SPM
8.9B EUR 1 18.8
FR
Technip Energies NV
PAR:TE
7.1B EUR 0.9 19.4
US
Weatherford International PLC
NASDAQ:WFRD
7.9B USD 2.4 17

Market Distribution

In line with most companies in Canada
Percentile
58th
Based on 3 166 companies
58th percentile
2.1
Low
0 — 1
Typical Range
1 — 3.7
High
3.7 —
Distribution Statistics
Canada
Min 0
30th Percentile 1
Median 1.7
70th Percentile 3.7
Max 95 179.6

Pason Systems Inc
Glance View

Pason Systems, Inc. engages in the design and production of instrumentation and data management systems for drilling rigs. The company is headquartered in Calgary, Alberta. The firm's three strategic business units include The North American (Canada and the United States) and International (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers. The firm's solutions include data acquisition, wellsite reporting, automation, remote communications, Web-based information management, and data analytics enable collaboration between the drilling rig and the office. The company offers end-to-end data management solutions enabling secure access to critical drilling operations information and decision making in real time.

PSI Intrinsic Value
14.03 CAD
Undervaluation 2%
Intrinsic Value
Price CA$13.78
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