Company Valuation: Pason Systems Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 951.2 1,300 1,286 1,083 932.7 1,071 - -
Change - 36.68% -1.05% -15.78% -13.91% 14.87% - -
Enterprise Value (EV) 1 799.1 1,133 1,128 1,018 883.1 992.6 948.3 893.8
Change - 41.81% -0.49% -9.71% -13.26% 12.39% -4.46% -5.75%
P/E 28.1x 12.3x 13.4x 8.95x 17.6x 16.7x 12.5x 11.4x
PBR - - - - - - - -
PEG - 0x -1.94x 0.3x -0.3x 0.8x 0.4x 1.22x
Capitalization / Revenue 4.6x 3.88x 3.48x 2.62x 2.22x 2.48x 2.31x 2.18x
EV / Revenue 3.87x 3.38x 3.05x 2.46x 2.11x 2.3x 2.04x 1.81x
EV / EBITDA 11x 7.1x 6.58x 6.29x 5.76x 6.13x 5.13x 4.48x
EV / EBIT - - - - - - - -
EV / FCF 14.6x 16.1x 11.6x 18.8x 13.9x 13.5x 10x 9.03x
FCF Yield 6.86% 6.21% 8.6% 5.31% 7.17% 7.41% 9.97% 11.1%
Dividend per Share 2 0.2 0.36 0.48 0.52 0.52 0.52 0.52 0.52
Rate of return 1.73% 2.26% 2.97% 3.82% 4.34% 3.77% 3.77% 3.77%
EPS 2 0.41 1.3 1.21 1.52 0.68 0.8267 1.107 1.21
Distribution rate 48.8% 27.7% 39.7% 34.2% 76.5% 62.9% 47% 43%
Net sales 1 206.7 335 369.3 414.1 419.3 431.7 463.9 492.5
EBITDA 1 72.52 159.5 171.5 161.8 153.4 162 184.7 199.6
EBIT 46.83 - - - - - - -
Net income 1 33.84 107.6 97.54 121.5 53.15 64.3 90.7 92.1
Net Debt 1 -152.1 -166.9 -158.8 -65.36 -49.61 -78.88 -123.1 -177.6
Reference price 2 11.54 15.94 16.17 13.61 11.99 13.80 13.80 13.80
Nbr of stocks (in thousands) 82,429 81,562 79,557 79,609 77,791 77,640 - -
Announcement Date 2/22/22 3/2/23 2/28/24 2/27/25 2/26/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.69x2.3x6.13x3.77% 778M
21.9x2.36x10.78x2.18% 79.95B
20.72x2.6x14.34x1.48% 61.88B
25.27x2.76x13.62x0.26% 30.37B
14.77x1.53x8.36x1.94% 29.44B
27.65x0.53x4.58x3.69% 10.16B
23.09x0.85x7.5x1.96% 7.28B
7.12x1.46x5.91x3.11% 6.7B
16.95x1.44x6.76x1.22% 6.49B
31.09x5.92x10.65x3.26% 6.21B
Average 20.53x 2.17x 8.86x 2.29% 23.93B
Weighted average by Cap. 21.10x 2.29x 11.14x 1.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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