Pulse Seismic (PSD) AI Stock Analysis

• Market Cap: C$152.89M
• Dividend Yield: 2.33%
• Average Volume (3M): 7.41K
• Price to Earnings (P/E): 10.9
• Beta (1Y): -0.14
• Revenue Growth: -5.41%
• EPS Growth: -1.18%
• Country: CA
• Employees: 15
• Sector: Energy
• Sector Strength: 67
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.26
• Shares Outstanding: 50,794,563
• 10 Day Avg. Volume: 13,382
• 30 Day Avg. Volume: 7,408
• PEG Ratio: 0.09
• Price to Book (P/B): 2.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 78 Outperform
• Price Target: C$3.50 ▲(16.28%Upside)

Pulse Seismic's strong financial performance and attractive valuation are significant strengths, supported by positive corporate events. While technical indicators suggest some caution, the company's strategic initiatives and robust cash flow generation provide a solid foundation for sustained growth.

Pulse Seismic Business Overview & Revenue Model

Company Description

Pulse Seismic Inc. acquires, markets, and licenses two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector in Western Canada. Its data library covers principal areas in Alberta, British Columbia, and Saskatchewan. The company's seismic data is used by oil and natural gas exploration and development companies. It owns and manages licensable seismic data library that consists of approximately 65,310 net square kilometers of 3D seismic; and 8,29,207 linear kilometers of 2D seismic data. The company was formerly known as Pulse Data Inc. and changed its name to Pulse Seismic Inc. in May 2009. Pulse Seismic Inc. was incorporated in 1985 and is headquartered in Calgary, Canada.

How the Company Makes Money

Pulse Seismic generates revenue primarily through the licensing of its seismic data library to oil and gas exploration and production companies. Customers pay licensing fees to access this data, which helps them reduce exploration risk and costs by providing detailed subsurface information. The company may also engage in strategic partnerships or joint ventures to enhance its data offerings and extend its market reach. Additionally, Pulse Seismic can offer specialized data processing and interpretation services, which provide additional revenue streams. The company's earnings are significantly influenced by the level of oil and gas exploration activity, which can be affected by commodity prices, regulatory changes, and technological advancements in the energy sector.

Pulse Seismic Financial Statement Overview

Summary

Pulse Seismic demonstrates a strong financial position with significant improvements in profitability, cash flow, and equity stability. However, volatility in revenue and asset levels indicates potential risks. Positive cash flow and profitability margins suggest a well-managed company with the ability to sustain operations and growth.

Income Statement

Pulse Seismic's income statement shows a strong recovery and growth trajectory. The company has significantly improved its gross profit margin from a negative figure in 2020 to a robust 75.56% in TTM (Trailing-Twelve-Months). Net profit margin has also improved remarkably to 37.70% in TTM, highlighting enhanced profitability. The revenue growth rate between 2024 and TTM is a notable 59.82%, indicating strong upward momentum. EBIT and EBITDA margins are healthy at 54.03% and 79.18%, respectively, reflecting effective cost management and operational efficiency. However, the volatility in revenue from 2021 to 2022 suggests potential instability.

Balance Sheet

The balance sheet analysis reveals a solid equity position, with an equity ratio of 74.91% in TTM, indicating financial stability. The debt-to-equity ratio remains low at 0.01, suggesting conservative leverage practices. Return on equity has improved to 68.58% in TTM, showcasing efficient use of equity to generate profits. However, the significant reduction in total assets from 2023 to TTM may raise concerns about asset sustainability and growth potential.

Cash Flow

Pulse Seismic's cash flow statement reflects strong cash generation capabilities. The free cash flow to net income ratio is impressive at 1.44 in TTM, indicating efficient conversion of income to cash. Operating cash flow to net income ratio is similarly strong at 1.44, highlighting robust cash-generating operations. The free cash flow growth rate from 2024 to TTM is a substantial 45.73%, underscoring significant improvements in cash flow performance. The consistent positive free cash flow supports financial flexibility and potential for reinvestment or debt reduction.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
37.36M	23.38M	39.13M	9.57M	49.15M	11.35M
	Gross Profit
28.23M	14.20M	29.94M	-505.00K	38.53M	-666.00K
	EBIT
20.18M	6.32M	21.25M	-7.82M	32.01M	-4.75M
	EBITDA
29.58M	15.97M	30.98M	2.14M	42.69M	7.25M
	Net Income Common Stockholders
14.09M	3.39M	15.01M	-7.91M	21.51M	-6.79M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.30M	8.72M	15.95M	5.82M	-500.00K	-1.36M
	Total Assets
27.41M	21.52M	41.25M	35.22M	52.90M	56.74M
	Total Debt
208.00K	204.00K	269.00K	21.00K	2.77M	29.07M
	Net Debt
-14.10M	-8.52M	-15.68M	-5.80M	3.27M	30.43M
	Total Liabilities
6.88M	3.22M	15.59M	1.73M	8.76M	31.48M
	Stockholders Equity
20.53M	18.30M	25.66M	33.50M	44.14M	25.27M
Cash Flow		Free Cash Flow
20.30M	13.93M	23.50M	11.98M	29.44M	3.42M
	Operating Cash Flow
20.35M	14.20M	23.52M	11.99M	29.80M	3.81M
	Investing Cash Flow
-45.00K	-270.00K	-28.00K	-12.00K	-358.00K	-390.00K
	Financing Cash Flow
-19.76M	-21.15M	-13.37M	-6.16M	-29.44M	-4.78M

Pulse Seismic Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.01
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PSD, the sentiment is Positive. The current price of 3.01 is above the 20-day moving average (MA) of 2.71, above the 50-day MA of 2.55, and above the 200-day MA of 2.30, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 76.44 is Negative, neither overbought nor oversold. The STOCH value of 82.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PSD.

Pulse Seismic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PSD	78 Outperform	C$152.89M	10.87	59.84%	2.33%	-5.41%	-1.18%
SHLE	74 Outperform	C$166.20M	5.32	16.11%	―	18.29%	-94.32%
CFW	65 Neutral	C$300.61M	16.53	3.00%	―	-5.50%	-88.55%
STEP	64 Neutral	C$275.99M	151.92	-3.90%	―	-5.98%	-121.37%
Sector *	58 Neutral	$7.57B	3.50	-4.45%	10.15%	0.79%	-49.51%
SFD	41 Neutral	C$36.97M	―	5.45%	―	-69.97%	-56.55%
HGHAF		$7.57M	0.41	-3.83%	370.28%	―	―

Pulse Seismic Corporate Events

Pulse Seismic Boosts Revenue with Major Data License Sale

Pulse Seismic Inc. announced a significant seismic data license sale valued at $13.5 million, contributing to a substantial increase in their year-to-date licensing revenue, which has risen by 66% compared to the average of the last three years. This sale, along with a strategic focus on maintaining a low-cost structure and strong EBITDA margins, underscores the company’s robust financial performance and commitment to delivering sustained value to stakeholders, reflected in their increased dividend payouts.

Pulse Seismic Inc. Reports Strong Shareholder Support at Annual Meeting

Pulse Seismic Inc. announced the successful election of its nominee directors at the annual shareholders’ meeting, with each director receiving overwhelming support. Additionally, the company’s executive compensation approach received strong approval from shareholders, indicating confidence in the company’s leadership and strategic direction.

Pulse Seismic Reports Strong Q1 2025 Results and Boosts Dividend

Pulse Seismic Inc. reported robust financial results for Q1 2025, with a significant increase in revenue and net earnings compared to the previous year. The company announced a 17% increase in its regular quarterly dividend, reflecting its strong financial position and commitment to returning capital to shareholders. The company’s revenue for the quarter was $22.8 million, nearly matching its total revenue for the entire previous year, and it ended the period with a healthy cash balance and available liquidity.