Pursuit Attractions and Hospitality Inc. Common Stock (PRSU)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I seek a business with durable earning power and a price that offers a margin of safety. Pursuit owns attractions and lodges in iconic destinations across the U.S., Canada, Iceland, and Costa Rica. That can create local pricing power, but travel is cyclical and seasonal. The filed numbers show this: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $133.5 million and net income $15.2 million, or $0.54 diluted EPS, better than fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $116.7 million and net income $5.6 million. But fiscal Q1 2026, ended 2026-03-31, lost $24.9 million, or $0.90 per diluted share. For full fiscal 2025, ended 2025-12-31, net income was $22.7 million and EPS $0.80. Full fiscal 2024, ended 2024-12-31, showed $368.5 million net income and $12.84 EPS, a figure I would not treat as recurring. At the close on 2026-10-13, the price was $54.01. FairStock calculations put P/E at 36.49, P/B at 2.75, EV/EBITDA at 54.60, and Graham Number at $25.59, leaving a negative margin of safety of 111.06%. TTM free cash flow was negative $89.0 million, a negative 6.0% FCF yield. ROE was 8.91% and ROCE 5.16%-modest. Debt/equity of 0.40 and Altman Z of 2.51 are not alarming, and Piotroski 7/9 is decent. But FairStock labels it a SLOW GROWER - Shrinking, with profit down 0.8% a year over three years and revenue up 14.8%. I see a decent seasonal asset collection, but the current price asks for much more than the demonstrated earnings and cash flow provide.

In plain English: Pursuit Attractions and Hospitality owns and runs travel attractions, lodges, restaurants, and resorts in places like the United States, Canada, Iceland, and Costa Rica. The business is seasonal: it can earn good money in busy quarters but lose money in slow ones, and it has not produced steady cash lately. At the recent stock price, the shares look expensive compared with the company's recent profits and the value of its assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer