Pursuit Attractions and Hospitality (PRSU) has returned to profitability, reporting a trailing twelve-month net income of US$24.9 million, up from a US$150.6 million loss. Despite this, its revenue growth of 3.8% lags the broader US market, and its P/E ratio of 39.7x is significantly higher than peers and its DCF fair value. The company’s premium valuation is being tested by its slower revenue growth and exposure to risks affecting high-demand destinations.
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Pursuit Attractions And Hospitality (PRSU) Returns To Profitability, Testing Premium Valuation Narratives
Pursuit Attractions and Hospitality (PRSU) has returned to profitability, reporting a trailing twelve-month net income of US$24.9 million, up from a US$150.6 million loss. Despite this, its revenue growth of 3.8% lags the broader US market, and its P/E ratio of 39.7x is significantly higher than peers and its DCF fair value. The company’s premium valuation is being tested by its slower revenue growth and exposure to risks affecting high-demand destinations.