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Pason Systems

DB:3PS
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3PS
DB
CA$558M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Pason Systems Inc. provides instrumentation and data management systems for drilling rigs. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Pason Systems has significant price volatility in the past 3 months.
3PS Share Price and Events
7 Day Returns
1.5%
DB:3PS
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-70.1%
DB:3PS
-57.2%
Europe Energy Services
-20.9%
DE Market
3PS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pason Systems (3PS) 1.5% -51.8% -57% -70.1% -70.2% -75.6%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 3PS underperformed the Energy Services industry which returned -57.2% over the past year.
  • 3PS underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
3PS
Industry
5yr Volatility vs Market

Value

 Is Pason Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pason Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pason Systems.

DB:3PS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CAD CA$ 0.76
Payout Ratio Company Filings (2019-12-31) 9699.5%
Discount Rate (Cost of Equity) See below 4.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3PS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 26.5%) (2.65%))
0.953
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.953 * 5.44%)
4.79%

Discounted Cash Flow Calculation for DB:3PS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Pason Systems is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:3PS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CA$0.76 / (4.79% - -0.39%)
CA$6.04
DB:3PS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3PS represents 0.64194x of TSX:PSI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64194x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 14.67 x 0.64194
€9.41
Value per share (EUR) From above. €9.41
Current discount Discount to share price of €3.98
= -1 x (€3.98 - €9.41) / €9.41
57.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pason Systems is available for.
Intrinsic value
>50%
Share price is €3.98 vs Future cash flow value of €9.41
Current Discount Checks
For Pason Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pason Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pason Systems's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pason Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pason Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3PS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.63
TSX:PSI Share Price ** TSX (2020-04-06) in CAD CA$6.2
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pason Systems.

DB:3PS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PSI Share Price ÷ EPS (both in CAD)

= 6.2 ÷ 0.63

9.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pason Systems is overvalued based on earnings compared to the Europe Energy Services industry average.
  • Pason Systems is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Pason Systems's expected growth come at a high price?
Raw Data
DB:3PS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-29.2%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:3PS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.79x ÷ -29.2%

-0.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pason Systems earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pason Systems's assets?
Raw Data
DB:3PS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$4.10
TSX:PSI Share Price * TSX (2020-04-06) in CAD CA$6.2
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:3PS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PSI Share Price ÷ Book Value per Share (both in CAD)

= 6.2 ÷ 4.10

1.51x

* Primary Listing of Pason Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pason Systems is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Pason Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Pason Systems has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pason Systems expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-29.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pason Systems expected to grow at an attractive rate?
  • Pason Systems's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Pason Systems's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Pason Systems's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3PS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3PS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -29.2%
DB:3PS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -12.5%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3PS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3PS Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 238 86 34 4
2020-12-31 227 84 17 5
2020-04-06
DB:3PS Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 296 109 54
2019-09-30 309 107 64
2019-06-30 319 102 73
2019-03-31 315 91 70
2018-12-31 306 107 63
2018-09-30 291 100 47
2018-06-30 273 84 30
2018-03-31 260 80 31
2017-12-31 246 86 25
2017-09-30 228 70 8
2017-06-30 202 59 -7
2017-03-31 174 38 -24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pason Systems's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Pason Systems's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3PS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Pason Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3PS Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.40 0.40 0.40 1.00
2020-12-31 0.32 0.44 0.20 2.00
2020-04-06
DB:3PS Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.63
2019-09-30 0.75
2019-06-30 0.86
2019-03-31 0.81
2018-12-31 0.74
2018-09-30 0.55
2018-06-30 0.36
2018-03-31 0.36
2017-12-31 0.30
2017-09-30 0.09
2017-06-30 -0.08
2017-03-31 -0.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Pason Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pason Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pason Systems has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pason Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pason Systems's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pason Systems's year on year earnings growth rate has been positive over the past 5 years.
  • Pason Systems's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Pason Systems's 1-year earnings growth is negative, it can't be compared to the Europe Energy Services industry average.
Earnings and Revenue History
Pason Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pason Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3PS Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 295.64 54.11 26.49 30.44
2019-09-30 309.20 64.43 28.00 30.28
2019-06-30 319.35 73.40 28.65 29.43
2019-03-31 314.72 69.63 29.36 28.38
2018-12-31 306.39 62.94 28.22 27.00
2018-09-30 290.65 47.24 27.86 25.82
2018-06-30 272.89 30.26 27.61 26.06
2018-03-31 260.41 30.75 26.63 25.70
2017-12-31 245.64 25.19 26.90 25.22
2017-09-30 228.24 7.68 25.96 24.32
2017-06-30 202.30 -6.84 20.40 22.73
2017-03-31 173.68 -24.13 21.96 22.10
2016-12-31 160.45 -41.79 22.95 22.85
2016-09-30 171.46 -30.14 28.34 23.92
2016-06-30 201.29 -41.58 36.92 25.85
2016-03-31 231.56 -39.66 43.19 29.03
2015-12-31 285.15 -14.61 43.91 31.73
2015-09-30 363.52 33.44 22.62 36.08
2015-06-30 429.09 78.46 38.76 37.40
2015-03-31 475.50 105.47 41.66 37.10
2014-12-31 499.27 112.10 60.47 35.43
2014-09-30 468.48 89.18 86.13 31.59
2014-06-30 438.46 71.85 84.83 29.55
2014-03-31 417.00 14.87 83.38 28.38
2013-12-31 403.09 23.66 68.53 27.25
2013-09-30 386.67 -14.34 68.82 27.47
2013-06-30 378.91 -5.73 57.37 26.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pason Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pason Systems used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Pason Systems has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Pason Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pason Systems has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pason Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pason Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pason Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pason Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pason Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Pason Systems has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pason Systems Company Filings, last reported 3 months ago.

DB:3PS Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 346.45 0.00 161.02
2019-09-30 370.74 0.00 180.87
2019-06-30 377.07 0.00 189.13
2019-03-31 386.03 0.00 183.93
2018-12-31 386.08 0.00 203.84
2018-09-30 361.27 0.00 184.49
2018-06-30 359.21 0.00 177.18
2018-03-31 355.51 0.00 162.84
2017-12-31 347.49 0.00 154.13
2017-09-30 350.31 0.00 159.44
2017-06-30 365.87 0.00 166.52
2017-03-31 379.95 0.00 163.35
2016-12-31 386.65 0.00 146.48
2016-09-30 402.28 0.00 154.60
2016-06-30 418.32 0.00 161.98
2016-03-31 440.42 0.00 176.09
2015-12-31 489.45 0.00 195.85
2015-09-30 496.28 0.00 198.12
2015-06-30 501.81 0.00 195.25
2015-03-31 518.26 0.00 191.79
2014-12-31 483.52 0.00 144.86
2014-09-30 430.50 0.00 151.00
2014-06-30 397.02 0.00 144.58
2014-03-31 391.06 0.00 116.80
2013-12-31 366.47 0.00 78.02
2013-09-30 343.95 0.00 198.15
2013-06-30 351.85 0.00 195.45
  • Pason Systems has no debt.
  • Pason Systems has not taken on any debt in the past 5 years.
  • Pason Systems has no debt, it does not need to be covered by operating cash flow.
  • Pason Systems has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Pason Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pason Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Pason Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.26%
Current annual income from Pason Systems dividends. Estimated to be 12.26% next year.
If you bought €2,000 of Pason Systems shares you are expected to receive €245 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pason Systems's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Pason Systems's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3PS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3PS Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.76 3.00
2020-12-31 0.76 5.00
2020-04-06
DB:3PS Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.760 9.084
2019-11-06 0.760 5.738
2019-08-08 0.760 4.827
2019-05-01 0.720 3.843
2019-02-26 0.720 3.572
2018-08-08 0.720 3.570
2018-05-02 0.680 3.330
2018-02-27 0.680 3.770
2017-11-07 0.680 3.766
2017-08-09 0.680 3.750
2017-05-02 0.680 3.566
2017-02-22 0.680 3.604
2016-11-09 0.680 3.700
2016-08-10 0.680 4.003
2016-05-10 0.680 3.921
2015-11-04 0.680 3.843
2015-08-11 0.680 3.542
2015-05-05 0.680 3.221
2015-02-26 0.680 3.335
2014-11-13 0.680 3.303
2014-08-07 0.680 2.244
2014-08-06 0.680 2.262
2014-05-06 0.600 2.021
2014-02-27 0.600 2.079
2013-11-04 0.560 2.374
2013-08-02 0.520 2.418
2013-05-02 0.520 2.831
2013-02-22 0.520 3.070
2013-02-21 0.520 2.966
2012-11-06 0.480 2.811
2012-05-02 0.440 2.923
2011-11-04 0.400 3.032
2011-05-04 0.360 2.603
2010-11-02 0.340 2.341
2010-05-04 0.320 2.774
2009-11-04 0.280 2.437
2009-05-04 0.240 2.301

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Pason Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.5x coverage).
X
Income/ dividend checks
We assess Pason Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pason Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pason Systems has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pason Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marcel Kessler
COMPENSATION CA$2,725,100
AGE 52
TENURE AS CEO 8.4 years
CEO Bio

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 the Chief Executive Officer and President at CCR Technologies Ltd. from June 2008 to September 15, 2009. He has expertise in Executive Experience, Human Resources, International Business, Mergers & Acquisition and Strategic Planning & Leading Growth. He served as the Vice President of Business and Corporate Development at CCR Technologies Ltd. from September 1, 2007 to June 2008. He has been a Director of Pason Systems Inc. since 2012. He is a Director of Pason Systems Corp., Pason US Holdings Corp, Pason Systems USA Corp., Pason Systems US Financial Corp., Petron Industries Inc. and Pason Systems Texas Inc. He served as a Director of CCR Technologies Ltd. from August 11, 2008 to September 15, 2009. Mr. Kessler holds as undergraduate degree in engineering from the Federal Institute of Technology in Zurich and an MBA from London Business School.

CEO Compensation
  • Marcel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Marcel's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Pason Systems management team in years:

0.8
Average Tenure
  • The average tenure for the Pason Systems management team is less than 2 years, this suggests a new team.
Management Team

Marcel Kessler

TITLE
President
COMPENSATION
CA$3M
AGE
52
TENURE
8.4 yrs

Jon Faber

TITLE
Chief Financial Officer
COMPENSATION
CA$1M
TENURE
6.1 yrs

Timur Kuru

TITLE
President & GM of United States
COMPENSATION
CA$1M
AGE
44
TENURE
0.3 yrs

Natalie Fenez

TITLE
General Counsel & Corporate Secretary
TENURE
1.3 yrs

Reid Wuntke

TITLE
President of Energy Toolbase
TENURE
0.3 yrs

Fiona Mueller-Thode

TITLE
President of Verdazo Analytics Inc.
TENURE
0.3 yrs

Ben Thomas

TITLE
Director of Support Services - United States Business Unit
COMPENSATION
CA$145K
Board of Directors Tenure

Average tenure and age of the Pason Systems board of directors in years:

6.4
Average Tenure
64
Average Age
  • The tenure for the Pason Systems board of directors is about average.
Board of Directors

Jim Hill

TITLE
Chairman of the Board
COMPENSATION
CA$168K
AGE
68

Marcel Kessler

TITLE
President
COMPENSATION
CA$3M
AGE
52
TENURE
8.3 yrs

Jim Howe

TITLE
Independent Lead Director
COMPENSATION
CA$97K
AGE
69

T. Collins

TITLE
Independent Director
COMPENSATION
CA$199K
AGE
72
TENURE
7.7 yrs

Judi Hess

TITLE
Independent Director
COMPENSATION
CA$181K
AGE
60
TENURE
5.2 yrs

Laura Schwinn

TITLE
Independent Non-Executive Director
COMPENSATION
CA$33K
AGE
54
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Pason Systems individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Sell James Hill Individual 17. Mar 20 19. Mar 20 -2,000,000 €5.76 €-10,282,575
03. Mar 20 Buy Natalie Fenez Individual 02. Mar 20 02. Mar 20 1,600 €8.45 €13,516
13. Mar 20 Buy Kevin Boston Individual 13. Mar 20 13. Mar 20 500 €5.45 €2,727
09. Mar 20 Buy Jon Faber Individual 09. Mar 20 09. Mar 20 1,500 €6.42 €9,637
09. Mar 20 Buy Kevin Boston Individual 09. Mar 20 09. Mar 20 500 €6.17 €3,084
02. Mar 20 Buy Marcel Kessler Individual 02. Mar 20 02. Mar 20 2,077 €8.41 €17,461
31. Dec 19 Buy Jon Faber Individual 31. Dec 19 31. Dec 19 5,000 €9.00 €45,000
31. Dec 19 Buy Timur Kuru Individual 31. Dec 19 31. Dec 19 4,780 €9.03 €43,128
05. Dec 19 Sell James Hill Individual 02. Dec 19 02. Dec 19 -500,000 €8.72 €-4,360,551
21. Nov 19 Buy Marcel Kessler Individual 20. Nov 19 20. Nov 19 2,785 €8.56 €23,835
14. Nov 19 Sell James Hill Individual 13. Nov 19 14. Nov 19 -180,200 €9.26 €-1,664,526
13. Nov 19 Sell James Hill Individual 11. Nov 19 12. Nov 19 -319,800 €9.58 €-3,043,814
25. Sep 19 Buy Jon Faber Individual 25. Sep 19 25. Sep 19 4,000 €11.35 €45,392
25. Sep 19 Buy Marcel Kessler Individual 25. Sep 19 25. Sep 19 7,200 €11.44 €82,308
24. Sep 19 Buy Marcel Kessler Individual 24. Sep 19 24. Sep 19 300 €11.49 €3,447
11. Sep 19 Buy Lars Olesen Individual 11. Sep 19 11. Sep 19 1,300 €11.61 €15,094
28. Aug 19 Buy Kevin Boston Individual 27. Aug 19 27. Aug 19 200 €10.60 €2,120
23. Aug 19 Buy Lars Olesen Individual 23. Aug 19 23. Aug 19 1,000 €10.74 €10,737
23. Aug 19 Buy Kevin Boston Individual 19. Aug 19 22. Aug 19 500 €11.18 €5,567
16. Aug 19 Buy Kevin Boston Individual 15. Aug 19 15. Aug 19 500 €11.04 €5,521
15. Aug 19 Buy Kevin Boston Individual 14. Aug 19 14. Aug 19 500 €11.25 €5,627
28. Jun 19 Sell James Hill Individual 25. Jun 19 28. Jun 19 -200,000 €12.60 €-2,497,764
25. Jun 19 Buy Lars Olesen Individual 24. Jun 19 24. Jun 19 1,000 €12.49 €12,492
20. Jun 19 Sell James Hill Individual 18. Jun 19 19. Jun 19 -200,000 €12.67 €-2,518,586
18. Jun 19 Buy Lars Olesen Individual 17. Jun 19 17. Jun 19 500 €12.65 €6,326
17. Jun 19 Buy Kevin Boston Individual 13. Jun 19 13. Jun 19 500 €12.46 €6,230
13. Jun 19 Sell James Hill Individual 12. Jun 19 12. Jun 19 -100,000 €12.46 €-1,245,784
09. May 19 Buy Kevin Boston Individual 09. May 19 09. May 19 500 €12.96 €6,478
07. May 19 Buy Kevin Boston Individual 07. May 19 07. May 19 501 €13.46 €6,742
X
Management checks
We assess Pason Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pason Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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.

Details
Name: Pason Systems Inc.
3PS
Exchange: DB
Founded: 1978
CA$365,889,393
84,145,641
Website: http://www.pason.com
Address: Pason Systems Inc.
6130 Third Street SE,
Calgary,
Alberta, T2H 1K4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PSI Common Shares The Toronto Stock Exchange CA CAD 21. Nov 1996
OTCPK PSYT.F Common Shares Pink Sheets LLC US USD 21. Nov 1996
DB 3PS Common Shares Deutsche Boerse AG DE EUR 21. Nov 1996
Number of employees
Current staff
Staff numbers
650
Pason Systems employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 22:19
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.