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Pursuit Attractions and Hospitality (PRSU)
NYSE:PRSU
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Pursuit Attractions and Hospitality
(NYSE:PRSU)
Rating:50Neutral
Price Target:
$29.00
▲(3.31%Upside)
Pursuit Attractions and Hospitality (PRSU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$769.69M
Dividend YieldN/A
Average Volume (3M)229.10K
Price to Earnings (P/E)2.2
Beta (1Y)1.29
Revenue Growth-26.67%
EPS GrowthN/A
CountryUS
Employees1,500
SectorIndustrials
Sector Strength92
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-1.11
Shares Outstanding28,255,865
10 Day Avg. Volume275,926
30 Day Avg. Volume229,100
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.28
Price to Sales (P/S)0.00
P/FCF Ratio1.24K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$40.50Price Target Upside44.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Pursuit Attractions and Hospitality Business Overview & Revenue Model
Company DescriptionPursuit Attractions and Hospitality (PRSU) is a dynamic company operating in the tourism and hospitality industry. It specializes in offering unique travel experiences and hospitality services, including attractions, lodges, and tours. PRSU is dedicated to creating unforgettable adventures for travelers, combining breathtaking destinations with exceptional service.
How the Company Makes MoneyPRSU makes money through a diverse revenue model that includes entry fees from its attractions, accommodation charges from its lodges, and tour packages. Additionally, the company generates revenue from partnerships with travel agencies and other tourism-related businesses, which help in broadening its customer base. PRSU also benefits from retail and dining operations at its various locations, contributing to its overall financial success.
Pursuit Attractions and Hospitality Earnings Call Summary
Earnings Call Date:May 08, 2025
(Q1-2025)
| % Change Since: -5.36%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with notable achievements in financial performance, successful integration of acquisitions, and strong booking pacing for 2025. However, these positives were balanced by challenges such as a net loss, decline in adjusted EBITDA, difficulties at FlyOver Las Vegas, and unfavorable foreign exchange impacts.Q1-2025 Updates
Positive Updates
Strong Start to Fiscal Year 2025
Reported solid financial performance in Q1, with strong demand indicators across markets and reaffirmation of full-year guidance for double-digit growth in both revenue and adjusted EBITDA.
Successful Integration of Acquisitions
Progress made in integrating three recent tuck-in acquisitions, which are expected to contribute meaningfully to momentum heading into summer 2025.
Financial Stability and Growth Outlook
Maintained a strong balance sheet with low leverage, substantial revolver capacity, and total liquidity of $212.1 million. Reaffirmed guidance for double-digit growth in full-year revenue and adjusted EBITDA.
Attractions Ticket Revenue Growth
Attraction ticket revenue reached $19 million, reflecting a 6% year-over-year increase driven by higher effective ticket prices and increased visitors.
Room Booking Pacing for 2025
US lodging properties are pacing approximately 10% ahead of the same time last year, and Canadian properties are up approximately 2% year over year.
Negative Updates
Net Loss and Adjusted EBITDA Decline
Net loss attributable to Pursuit Attractions and Hospitality, Inc. was $31.1 million, compared to $25.1 million in the prior year. Adjusted EBITDA declined by $2.9 million to negative $17.5 million.
Challenges at FlyOver Las Vegas
FlyOver Las Vegas continues to face challenges, with difficult market conditions impacting performance.
Impact of Foreign Exchange Rates
Unfavorable foreign exchange rate variances impacted first quarter revenue by approximately $1.3 million, with a $7 million year-over-year headwind expected due to currency fluctuations.
Decrease in Lodging Revenue
Lodging room revenue totaled $7.3 million, reflecting a $300,000 decrease compared to 2024, primarily due to fewer rooms being available at the Forest Park Hotel's Woodland Wing and unfavorable FX impact.
Company Guidance
During Pursuit Attractions and Hospitality, Inc.'s 2025 First Quarter Earnings Conference Call, the company reaffirmed its guidance for double-digit growth in both revenue and adjusted EBITDA for the full year, with an expected adjusted EBITDA range of $98 million to $108 million. The company reported first-quarter revenue of $37.6 million, a 1% increase year-over-year, with an adjusted net loss of $26.9 million compared to $25.4 million in the prior year. Despite unfavorable foreign exchange impacts, same-store constant currency revenue grew by 4%. The balance sheet remains strong with a net leverage ratio under 1x, a total debt balance of $78.9 million, and total liquidity of $212.1 million. Pursuit Attractions and Hospitality, Inc. plans to invest $38 million to $43 million in growth projects in 2025, including significant renovations at their Forest Park Hotel. The company highlighted strong demand for its attractions, with a 6% year-over-year increase in attraction ticket revenue, and robust room booking pacing, particularly in the US and Canadian properties.Pursuit Attractions and Hospitality Financial Statement Overview
Summary
Pursuit Attractions and Hospitality shows a mixed financial performance with signs of recovery in profitability but faces challenges in operational efficiency and cash flow stability. The balance sheet indicates improved leverage but retains potential risks due to low equity ratios. Future financial health will depend on stabilizing revenue and cash flows while managing debt effectively.Income Statement
The company has shown significant volatility in its financial performance. There was a notable reduction in revenue from 2023 to 2024, which affected its gross profit margin and net profit margin. The EBIT and EBITDA margins have also shown inconsistency, reflecting operational inefficiency. The company transitioned from losses to profits, displaying some recovery but with significant room for improvement in profitability and stability.45
Neutral
Balance Sheet
The balance sheet shows a low debt-to-equity ratio due to a substantial increase in stockholders' equity in 2024, which suggests a healthier leverage position. However, the equity ratio remains relatively low, indicating potential risks related to asset financing. The return on equity has improved significantly, driven by the substantial net income in 2024, but historical performance has been weak, highlighting the need for sustained improvement.50
Neutral
Cash Flow
The cash flow statement reveals significant fluctuation in free cash flow, with marginal growth in 2024 compared to previous years. The operating cash flow to net income ratio indicates some stability in cash generation, but the overall cash flow management remains a concern with inconsistent free cash flow to net income ratios, suggesting challenges in converting profits into cash.40
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 366.49M | 1.24B | 1.13B | 507.34M | 415.44M | Gross Profit |
| 40.56M | 108.50M | 289.19M | -46.93M | -647.85M | EBIT |
| 20.39M | 94.46M | 17.32M | -60.52M | -182.56M | EBITDA |
| 11.71M | 142.09M | 121.99M | -12.89M | -286.03M | Net Income Common Stockholders |
| 368.54M | 16.02M | 23.22M | -93.29M | -375.11M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 49.70M | 52.70M | 59.72M | 61.60M | 39.55M | Total Assets |
| 845.01M | 1.14B | 1.09B | 1.04B | 853.22M | Total Debt |
| 112.73M | 576.12M | 584.70M | 565.24M | 379.54M | Net Debt |
| 63.03M | 523.41M | 524.99M | 503.64M | 339.99M | Total Liabilities |
| 228.32M | 999.97M | 988.55M | 940.35M | 673.90M | Stockholders Equity |
| 525.83M | 43.43M | 14.53M | 6.28M | 95.95M |
| Cash Flow | Free Cash Flow | |||
| 718.00K | 28.59M | 6.26M | -95.79M | -133.81M | Operating Cash Flow |
| 56.95M | 104.68M | 73.43M | -37.85M | -80.25M | Investing Cash Flow |
| 369.10M | -74.86M | -63.27M | -51.80M | -6.77M | Financing Cash Flow |
| -399.07M | -36.16M | -6.13M | 107.89M | 66.29M |
Pursuit Attractions and Hospitality Technical Analysis
Negative
28.07
Price Trends
31.79
Negative
35.66
Negative
37.03
Negative
Market Momentum
-1.05
Positive
38.64
Neutral
17.32
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRSU, the sentiment is Negative. The current price of 28.07 is below the 20-day moving average (MA) of 29.27, below the 50-day MA of 31.79, and below the 200-day MA of 37.03, indicating a bearish trend. The MACD of -1.05 indicates Positive momentum. The RSI at 38.64 is Neutral, neither overbought nor oversold. The STOCH value of 17.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PRSU.
Pursuit Attractions and Hospitality Risk Analysis
Pursuit Attractions and Hospitality disclosed 26 risk factors in its most recent earnings report. Pursuit Attractions and Hospitality reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Reports published by securities or industry analysts, including projections in those reports that overstate or understate our actual results, could adversely affect our stock price and trading volume. Q4, 2024
2.
Our stock price has been and could be volatile in the future, and holders of common stock may not be able to resell shares at or above the price paid. Q4, 2024
3.
We may not be able to fund capital expenditures, accurately identify the need for, or anticipate the timing of, certain capital expenditures, which may adversely impact our business. Q4, 2024
Pursuit Attractions and Hospitality Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $3.37B | 23.49 | 7.17% | 0.74% | 5.04% | 31.69% | |
78 Outperform | $732.32M | 16.80 | 11.23% | ― | -33.11% | -68.55% | |
74 Outperform | $1.52B | 85.78 | 2.56% | ― | -2.85% | -108.99% | |
74 Outperform | $3.18B | 40.26 | 4.46% | 1.92% | 2.81% | -67.57% | |
71 Outperform | $10.25B | 30.11 | 11.77% | 1.02% | -3.47% | -45.03% | |
65 Neutral | $4.41B | 12.06 | 5.22% | 249.80% | 4.09% | -12.16% | |
50 Neutral | $769.69M | 2.21 | -42.67% | ― | -26.67% | ― |
* Industrials Sector Average
Performance Comparison
PRSU
Pursuit Attractions and Hospitality
28.07
-5.52
-16.43%
ABM
ABM Industries
52.70
7.05
15.44%
UNF
UniFirst
188.95
27.85
17.29%
ARMK
ARAMARK Holdings
39.66
8.18
25.98%
BV
BrightView Holdings
16.04
1.95
13.84%
TH
Target Hospitality
7.36
-4.11
-35.83%
Pursuit Attractions and Hospitality Corporate Events
Private Placements and FinancingM&A TransactionsBusiness Operations and Strategy
Pursuit Attractions and Hospitality Secures Funding and Sells GES
Positive
Jan 7, 2025
Pursuit Attractions and Hospitality has secured a $200 million revolving credit facility with Bank of America and other lenders, allowing flexibility in various currencies, to fund operations, growth, acquisitions, and general corporate purposes. Additionally, Pursuit completed the sale of its GES business to TL Voltron Purchaser, LLC for $535 million, which signifies a strategic shift and will be reported as a discontinued operation, impacting its financial results and operations significantly.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.