{"id":49453,"date":"2023-05-09T13:48:11","date_gmt":"2023-05-09T13:48:11","guid":{"rendered":"https:\/\/www.inovestor.com\/?p=49453"},"modified":"2023-10-05T15:33:27","modified_gmt":"2023-10-05T15:33:27","slug":"number-cruncher-extra-parex-resources-pxttsx-definity-financial-corp-dfytsx-pason-systems-inc-psitsx","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-ca\/2023\/05\/number-cruncher-extra-parex-resources-pxttsx-definity-financial-corp-dfytsx-pason-systems-inc-psitsx\/","title":{"rendered":"Number Cruncher Extra \u2013 Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), &#038; Pason Systems Inc. (PSI:TSX)"},"content":{"rendered":"<p>In our last\u202f<a href=\"https:\/\/www.inovestor.com\/en-ca\/2023\/05\/eleven-companies-with-strong-sales-growth-in-an-inflationary-environment\/\">Number Cruncher<\/a> we discussed how Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), &amp; Pason Systems Inc. (PSI:TSX) are companies who perform well in an inflationary environment.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-49467\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Scorecard-Parex.png\" alt=\"\" width=\"1425\" height=\"577\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Scorecard-Parex.png 1425w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Scorecard-Parex-300x121.png 300w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Scorecard-Parex-1024x415.png 1024w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Scorecard-Parex-768x311.png 768w\" sizes=\"(max-width: 1425px) 100vw, 1425px\" \/><\/p>\n<p>PXT has an SP Score of 69, down by 1 point in the past 90 days. This is derived by using the Performance score of 80.2 and the Risk score of 35.1. The company performed exceptionally well last year with a growth of 130.9% in its earning per share and it was able to recover from the 2020 drawdown maintaining its average 5Y growth of its earning per share at 66%.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-49455\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-Parex.png\" alt=\"\" width=\"1422\" height=\"437\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-Parex.png 1422w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-Parex-300x92.png 300w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-Parex-1024x315.png 1024w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-Parex-768x236.png 768w\" sizes=\"(max-width: 1422px) 100vw, 1422px\" \/><\/p>\n<p>The company\u2019s good performance has kept its intrinsic value above the market price since Sept 2018. Due to last year\u2019s performance, we note that the intrinsic value has sharply increased to $48.8 with market price currently trading at $26.9. As per our calculations of the intrinsic value the company\u2019s price is approximately 280% undervalued, making it a compelling buy signal.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-49473\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-Scorecard.png\" alt=\"\" width=\"1413\" height=\"581\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-Scorecard.png 1413w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-Scorecard-300x123.png 300w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-Scorecard-1024x421.png 1024w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-Scorecard-768x316.png 768w\" sizes=\"(max-width: 1413px) 100vw, 1413px\" \/><\/p>\n<p>DFY has an SP score of 49, increased by 1 points (Performance score: 42.6 &amp; Risk score: 25.7) in the past 90 days. The company has scored a Growth score of 72, Quality score of 78 and the volatility score of 81.<\/p>\n<p>The company has been able to maintain an average 5Y earnings per share growth of 281.5%, however, the 1 Y growth is 8%. Last year, the company saw an increase of about 10% in revenues.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-49470\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-NOPAT.png\" alt=\"\" width=\"695\" height=\"433\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-NOPAT.png 695w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Definity-NOPAT-300x187.png 300w\" sizes=\"(max-width: 695px) 100vw, 695px\" \/><\/p>\n<p>Our quarterly EVA, NOPAT chart shows the company\u2019s economic performance improving. In the last quarter of the previous fiscal year, we note the sharp increase in the Net operating profit after tax thereby increasing its economic value added. The earnings are an essential factor in determining a company\u2019s intrinsic value. We advise to be cautious and evaluate if the company\u2019s last quarter growth was an exception.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-49464\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Pason-Scorecard.png\" alt=\"\" width=\"1575\" height=\"651\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Pason-Scorecard.png 1575w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Pason-Scorecard-300x124.png 300w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Pason-Scorecard-1024x423.png 1024w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Pason-Scorecard-768x317.png 768w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Pason-Scorecard-1536x635.png 1536w\" sizes=\"(max-width: 1575px) 100vw, 1575px\" \/><\/p>\n<p>Parson System Inc. was able to increase its SP score by 6 points raising it to 73 within the last quarter. The company\u2019s revenue growth of 50.4% was significant. Despite its negative earnings in the previous year, the company greatly increased its 1Y earnings per share by 161.9%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-49461\" src=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-upside-Pason.png\" alt=\"\" width=\"696\" height=\"320\" srcset=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-upside-Pason.png 696w, https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/IV-upside-Pason-300x138.png 300w\" sizes=\"(max-width: 696px) 100vw, 696px\" \/><\/p>\n<p>The company\u2019s intrinsic value has surpassed its market price in the recent quarter. In our opinion, based on our calculations, it may offer about 28.6% upside potential. We believe if the company is able to maintain its earnings growth trajectory and increase its intrinsic value, the company could be a great opportunity.<\/p>\n<p>If you have any questions about the article, feel free to contact Anthony :<br \/>\n<a href=\"mailto:amenard@inovestor.com\">amenard@inovestor.com <\/a><br \/>\nIf you would like to sign up for a free trial and learn how Inovestor can benefit you, contact Ramzi:<br \/>\n<a href=\"mailto:rkahale@inovestor.com\">rkahale@inovestor.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our last\u202fNumber Cruncher we discussed how Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), &amp; Pason Systems Inc. (PSI:TSX) are companies who perform well in an inflationary environment. PXT has an SP Score of 69, down by 1 point in the past 90 days. This is derived by using the Performance score of 80.2 and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-49453","post","type-post","status-publish","format-standard","hentry","category-number-cruncher-extra"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Number Cruncher Extra \u2013 Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), &amp; Pason Systems Inc. (PSI:TSX) - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-ca\/2023\/05\/number-cruncher-extra-parex-resources-pxttsx-definity-financial-corp-dfytsx-pason-systems-inc-psitsx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Number Cruncher Extra \u2013 Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), &amp; Pason Systems Inc. (PSI:TSX)\" \/>\n<meta property=\"og:description\" content=\"In our last\u202fNumber Cruncher we discussed how Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), &amp; Pason Systems Inc. (PSI:TSX) are companies who perform well in an inflationary environment. PXT has an SP Score of 69, down by 1 point in the past 90 days. This is derived by using the Performance score of 80.2 and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.inovestor.com\/en-ca\/2023\/05\/number-cruncher-extra-parex-resources-pxttsx-definity-financial-corp-dfytsx-pason-systems-inc-psitsx\/\" \/>\n<meta property=\"og:site_name\" content=\"Inovestor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Inovestor\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T13:48:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T15:33:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.inovestor.com\/wp-content\/uploads\/2023\/05\/Scorecard-Parex.png\" \/>\n<meta name=\"author\" content=\"Anthony Menard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:site\" content=\"@Inovestor_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anthony Menard\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/05\/number-cruncher-extra-parex-resources-pxttsx-definity-financial-corp-dfytsx-pason-systems-inc-psitsx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/2023\/05\/number-cruncher-extra-parex-resources-pxttsx-definity-financial-corp-dfytsx-pason-systems-inc-psitsx\/\"},\"author\":{\"name\":\"Anthony Menard\",\"@id\":\"https:\/\/www.inovestor.com\/en-ca\/#\/schema\/person\/a47ac16db946331b2be8a8f78c89331d\"},\"headline\":\"Number Cruncher Extra \u2013 Parex Resources (PXT:TSX), Definity Financial Corp. 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(DFY:TSX), & Pason Systems Inc. (PSI:TSX) - Inovestor","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.inovestor.com\/en-ca\/2023\/05\/number-cruncher-extra-parex-resources-pxttsx-definity-financial-corp-dfytsx-pason-systems-inc-psitsx\/","og_locale":"en_US","og_type":"article","og_title":"Number Cruncher Extra \u2013 Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), & Pason Systems Inc. (PSI:TSX)","og_description":"In our last\u202fNumber Cruncher we discussed how Parex Resources (PXT:TSX), Definity Financial Corp. (DFY:TSX), &amp; Pason Systems Inc. (PSI:TSX) are companies who perform well in an inflationary environment. PXT has an SP Score of 69, down by 1 point in the past 90 days. 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