Pathfinder Ventures Inc (TSE:RV)
:RV
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Pathfinder Ventures Inc
(RV)
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Rating:40Underperform
Price Target:
C$0.03
▲(10.00% Upside)
Action:Downgraded
Date:05/20/26
The score is driven primarily by weak financial fundamentals—ongoing losses, negative free cash flow, and very high leverage despite improving revenue and EBITDA. Technicals also remain bearish with the stock trading below major moving averages and a negative MACD. Valuation provides limited support because the negative P/E reflects continued unprofitability and no dividend yield is available.
Positive Factors
Revenue acceleration and scale
Material revenue scaling and a sharp 2025 acceleration provide a larger, more durable top‑line base. Greater scale helps absorb fixed costs, supports operating leverage, and creates a platform for expanding ancillary services and pricing power across the RV park portfolio over the medium term.
Negative Factors
Very high leverage and compressed equity
Extremely elevated leverage and eroded equity create persistent refinancing, covenant, and solvency risks. High interest obligations reduce flexibility for growth or countercyclical investment and raise the probability that external financing will be needed to sustain operations if performance softens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue acceleration and scale
Material revenue scaling and a sharp 2025 acceleration provide a larger, more durable top‑line base. Greater scale helps absorb fixed costs, supports operating leverage, and creates a platform for expanding ancillary services and pricing power across the RV park portfolio over the medium term.
Read all positive factors
Pathfinder Ventures Inc (RV) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.36M
Dividend YieldN/A
Average Volume (3M)30.15K
Price to Earnings (P/E)―
Beta (1Y)-0.12
Revenue Growth8.68%
EPS Growth58.80%
CountryCA
Employees15
SectorGeneral
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.03
Shares Outstanding45,213,905
10 Day Avg. Volume27,850
30 Day Avg. Volume30,153
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.93
Price to Sales (P/S)0.61
P/FCF Ratio-6.15
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
Pathfinder Ventures Inc Business Overview & Revenue Model
Company Description
Pathfinder Ventures Inc. engages in developing a network of RV parks and campgrounds under the Pathfinder Camp Resorts name in Canada. It has three camp resorts located in British Columbia. The company is headquartered in Langley, Canada....
How the Company Makes Money
Pathfinder Ventures’ revenues are primarily generated through fees paid by guests to stay at its RV parks and related properties, including nightly, weekly, and longer-term site rentals, and may also include charges associated with on-site guest s...
Pathfinder Ventures Inc Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.70M | 3.39M | 3.37M | 3.37M | 2.46M |
| Gross Profit | 1.27M | 3.17M | 561.30K | 3.18M | 2.30M |
| EBITDA | 189.64K | -335.53K | -294.26K | -367.52K | -789.22K |
| Net Income | -1.47M | -2.04M | -2.07M | -2.26M | -3.37M |
Balance Sheet | |||||
| Total Assets | 14.18M | 15.19M | 14.05M | 14.98M | 15.71M |
| Cash, Cash Equivalents and Short-Term Investments | 229.72K | 826.12K | 456.10K | 982.48K | 2.09M |
| Total Debt | 11.42M | 11.14M | 10.65M | 10.53M | 9.66M |
| Total Liabilities | 13.41M | 12.94M | 12.28M | 11.90M | 10.62M |
| Stockholders Equity | 775.41K | 2.25M | 1.78M | 3.08M | 5.09M |
Cash Flow | |||||
| Free Cash Flow | -369.69K | -441.57K | -1.34M | -973.52K | -6.88M |
| Operating Cash Flow | -43.37K | -201.86K | -1.26M | 227.94K | -767.73K |
| Investing Cash Flow | -326.32K | -739.21K | -82.65K | -1.20M | -5.46M |
| Financing Cash Flow | -226.71K | 1.31M | 813.72K | -136.90K | 7.21M |
Pathfinder Ventures Inc Technical Analysis
Negative
0.03
Price Trends
0.04
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
32.06
Neutral
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RV, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.06 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:RV.
Pathfinder Ventures Inc Peers Comparison
UnderperformOutperform
Sector (55)
TSE:RV
Pathfinder Ventures Inc
0.03
-0.02
-40.00%
TSE:BRAG
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2.35
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-59.83%
TSE:JJ
Jackpot Digital
0.05
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-50.00%
TSE:RVLY
Rivalry Corp
0.01
-0.03
-75.00%
TSE:GOOD
Good Gamer Entertainment Inc.
0.12
-0.24
-67.14%
TSE:BET
Northstar Gaming Holdings Inc
0.01
-0.05
-83.33%
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.