Pulse Seismic Inc. (TSE:PSD)
TSX:PSD
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Pulse Seismic
(TSX:PSD)
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Rating:77Outperform
Price Target:
C$4.50
▲(30.43% Upside)
Action:ReiteratedDate:04/30/26
The score is driven primarily by strong financial quality (high profitability/cash generation and very low leverage) and supportive valuation (low P/E and high dividend yield). These positives are tempered by weaker near-term technicals and the business’s historically volatile, cyclical revenue and cash flow.
Positive Factors
Conservative balance sheet
Extremely low leverage materially reduces financial risk and preserves financing optionality over cycles. That balance-sheet flexibility supports funding speculative multi-client programs, absorbing downturns without forced asset sales, and enables opportunistic investment when activity recovers.
Negative Factors
Revenue and cash volatility
Earnings and cash flows swing with oil & gas activity, producing sharp year-to-year variation. This cyclicality complicates capital planning for speculative programs, makes forward revenue visibility poor, and increases the risk that weak exploration demand will reduce licensing income for extended periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage materially reduces financial risk and preserves financing optionality over cycles. That balance-sheet flexibility supports funding speculative multi-client programs, absorbing downturns without forced asset sales, and enables opportunistic investment when activity recovers.
Read all positive factors
Pulse Seismic (PSD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$182.07M
Dividend Yield14.94%
Average Volume (3M)33.58K
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue Growth-19.22%
EPS Growth-40.35%
CountryCA
Employees15
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.16
Shares Outstanding50,714,855
10 Day Avg. Volume34,493
30 Day Avg. Volume33,583
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)9.65
Price to Sales (P/S)3.27
P/FCF Ratio4.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 co...
How the Company Makes Money
Pulse Seismic primarily makes money by licensing access to its proprietary seismic data library to energy industry customers. Revenue is generated when customers pay fees to obtain rights to use specific 2D/3D seismic surveys for exploration and d...
Pulse Seismic Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.18M | 51.09M | 23.38M | 39.13M | 9.57M | 49.15M |
| Gross Profit | 23.03M | 42.10M | 14.20M | 29.94M | -505.00K | 38.53M |
| EBITDA | 19.71M | 40.85M | 15.97M | 30.98M | 2.14M | 42.36M |
| Net Income | 8.38M | 23.12M | 3.39M | 15.01M | -7.91M | 21.51M |
Balance Sheet | ||||||
| Total Assets | 16.12M | 22.84M | 21.52M | 41.25M | 35.22M | 52.90M |
| Cash, Cash Equivalents and Short-Term Investments | 13.13M | 19.75M | 8.72M | 15.95M | 5.82M | -500.00K |
| Total Debt | 136.00K | 183.00K | 204.00K | 269.00K | 21.00K | 2.77M |
| Total Liabilities | 6.13M | 5.53M | 3.22M | 15.59M | 1.73M | 8.76M |
| Stockholders Equity | 9.99M | 17.32M | 18.30M | 25.66M | 33.50M | 44.14M |
Cash Flow | ||||||
| Free Cash Flow | 17.87M | 35.15M | 13.93M | 23.50M | 11.98M | 29.44M |
| Operating Cash Flow | 17.95M | 35.20M | 14.20M | 23.52M | 11.99M | 29.80M |
| Investing Cash Flow | -80.00K | -58.00K | -270.00K | -28.00K | -12.00K | -358.00K |
| Financing Cash Flow | -19.05M | -24.12M | -21.15M | -13.37M | -6.16M | -29.44M |
Pulse Seismic Technical Analysis
Positive
3.45
Price Trends
4.15
Positive
3.69
Positive
3.52
Positive
Market Momentum
-0.03
Negative
54.13
Neutral
82.60
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 3.45 is below the 20-day moving average (MA) of 4.10, below the 50-day MA of 4.15, and below the 200-day MA of 3.52, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 54.13 is Neutral, neither overbought nor oversold. The STOCH value of 82.60 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$182.07M | -36.93 | 110.53% | 14.94% | -19.22% | -40.35% | |
69 Neutral | C$216.48M | 23.31 | 15.59% | ― | 3.91% | 248.96% | |
67 Neutral | C$67.60M | 3.20 | 11.40% | 3.26% | 8.08% | 2.94% | |
66 Neutral | C$111.17M | 42.07 | 4.11% | ― | 4.93% | -47.34% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | C$10.28M | -16.66 | -0.93% | ― | -58.25% | -98.77% | |
52 Neutral | C$46.59M | -6.82 | -45.78% | ― | 2437.86% | 89.74% |
* Energy Sector Average
TSE:PSD
Pulse Seismic
3.59
1.23
51.86%
TSE:E
Enterprise
1.36
-0.35
-20.47%
TSE:SFD
NXT Energy Solutn
0.39
0.06
18.18%
TSE:HWO
High Arctic Energy Services
0.81
>-0.01
-1.22%
TSE:SHLE
Source Energy Services Ltd
16.55
4.59
38.38%
TSE:MCB
McCoy Global
2.52
-0.78
-23.54%
Pulse Seismic Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Pulse Seismic Doubles Revenue in 2025 and Boosts Cash Returns With Special Dividend
Positive
Feb 25, 2026
Pulse Seismic reported a strong 2025, with total revenue more than doubling to $51.1 million, EBITDA rising to $40.8 million, and net earnings jumping to $23.1 million as both traditional and transaction-based data sales grew. The company generate...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.