Pursuit Attractions and Hospitality, Inc. (PRSU) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-128.6%

-$16.27

vs $56.78 price

Levered DCF

-$8.23

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

3.08

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	38.27×	3.31×	142.57×	79.2×	-8.54×	-2.29×	41.93×	17.82×
P/B	1.63×	1.73×	20.54×	60.61×	138.97×	9.04×	1.84×	1.98×
P/S	2.1×	2.48×	2.55×	2.94×	1.72×	2.09×	0.66×	0.7×
EV / EBITDA	10.13×	83.16×	19.03×	34.53×	-105.84×	-4.22×	12.54×	7.97×
Gross margin	92.3%	11.1%	15.3%	8.1%	-9.3%	-28.0%	6.9%	7.1%
Operating margin	14.5%	5.6%	9.9%	2.0%	-11.6%	-30.1%	6.1%	6.2%
Net margin	5.0%	100.6%	4.6%	7.8%	-18.3%	-90.0%	1.7%	4.0%
Current ratio	0.81×	1.54×	1.01×	1.13×	1.13×	0.93×	1.1×	0.55×
Debt / equity	0.34×	0.21×	11.28×	40.24×	89.98×	3.96×	0.95×	0.53×
Interest coverage	7.42×	1.44×	5.83×	1.46×	-2.07×	-6.98×	5.59×	7.99×
Dividend yield	0.0%	0.9%	0.9%	0.9%	0.4%	0.5%	0.9%	0.9%
Payout ratio	0.0%	2.1%	48.7%	33.6%	-4.2%	-1.1%	36.7%	16.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.9%	70.1%	36.9%	159.8%	-1474.9%	-389.9%	4.7%	11.3%
Return on invested capital	5.1%	2.6%	2.0%	-6.8%	-6.5%	-16.0%	6.5%	7.4%
Return on assets	2.3%	43.6%	1.4%	2.1%	-8.9%	-43.8%	1.7%	5.3%
Free cash flow yield	-0.1%	-0.7%	4.7%	0.7%	-11.0%	-15.4%	3.7%	0.8%
Earnings yield	2.4%	40.5%	1.8%	2.6%	-10.6%	-43.1%	2.6%	5.7%
Enterprise value	$1.1B	$973.6M	$1.4B	$1.4B	$1.4B	$1.2B	$1.2B	$1B
Net debt / EBITDA	1.49×	5.38×	6.5×	12.9×	-38.72×	-1.19×	3.86×	1.41×
Cash conversion cycle (days)	-85	4	3	67	27	7	18	18