IBC Advanced Alloys Corp (TSE:IB)
:IB
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IBC Advanced Alloys
(IB)
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Rating:41Neutral
Price Target:
C$0.15
▼(-15.00% Downside)
Action:Reiterated
Date:06/01/26
The score is driven primarily by weak financial performance—losses, negative cash flow, and very high leverage with a thin equity base—creating elevated execution and funding risk. Technicals are slightly negative overall, and valuation provides limited support given negative earnings and no indicated dividend.
Positive Factors
Specialized product & manufacturing niche
IBC focuses on advanced copper-based alloys and precision manufacturing for demanding industrial and defense uses. That specialization creates technical barriers to entry, customer stickiness, and potential for long-term contract relationships that support durable revenue from high-value applications.
Negative Factors
Extreme leverage
The sharp rise in leverage to about 24x materially heightens refinancing, covenant, and solvency risk. A thin equity base reduces the company’s ability to absorb shocks, limits strategic investment capacity, and increases the probability management must seek dilutive or costly external funding over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized product & manufacturing niche
IBC focuses on advanced copper-based alloys and precision manufacturing for demanding industrial and defense uses. That specialization creates technical barriers to entry, customer stickiness, and potential for long-term contract relationships that support durable revenue from high-value applications.
Read all positive factors
IBC Advanced Alloys (IB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$18.44M
Dividend YieldN/A
Average Volume (3M)95.39K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees38
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)-0.02
Shares Outstanding115,236,740
10 Day Avg. Volume167,366
30 Day Avg. Volume95,388
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.29
Price to Sales (P/S)0.28
P/FCF Ratio-6.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IBC Advanced Alloys Business Overview & Revenue Model
Company Description
IBC Advanced Alloys Corp., established in 2002 and based in Franklin, Indiana, specializes in the development, production, and global distribution of advanced alloy products. The company's operations are divided into two primary segments: Copper A...
How the Company Makes Money
IBC Advanced Alloys primarily makes money by selling specialty alloy products and manufactured components to customers that need high-performance copper-alloy solutions. Revenue is generated from (1) product sales of proprietary or specialized cop...
IBC Advanced Alloys Earnings Call Summary
Earnings Call Date:Mar 03, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a challenging period for IBC with a decline in revenue and significant losses largely driven by nonrecurring factors and higher costs. However, there are promising future opportunities, particularly in expanding contracts with the U.S. Navy and potential benefits from the Section 232 investigation on copper imports. Thus, while there are significant challenges, the strategic opportunities and actions being taken could position the company for future growth.Positive Updates
Potential Growth in U.S. Navy Contracts
IBC is in discussions to expand its supply of copper alloy products to the U.S. Navy, particularly for submarines, due to the Navy's aggressive shipbuilding plans through 2030. The company is already an approved supplier for major shipbuilders.
Negative Updates
Decline in Revenue
IBC reported $7.1 million in revenue for the six months ended December 2024, down from $12 million in the prior period. This decline was partly due to nonrecurring orders and softer market demand.
Read all updates
Q2-2025 Updates
Positive
Negative
Potential Growth in U.S. Navy Contracts
IBC is in discussions to expand its supply of copper alloy products to the U.S. Navy, particularly for submarines, due to the Navy's aggressive shipbuilding plans through 2030. The company is already an approved supplier for major shipbuilders.
Read all positive updates
Company Guidance
In the call, IBC Advanced Alloys provided guidance on several key metrics and developments. The company reported $7.1 million in revenue for the six months ended December 31, 2024, compared to $12 million in the prior period, with $3.2 million of the decline attributed to large nonrecurring orders from fiscal year 2024. IBC posted a $2.6 million loss year-to-date, primarily due to closing costs at its Engineered Materials division, elevated corporate SG&A costs, and debt service payments. The company anticipates a reduction in these expenses going forward, following the completion of Engineered Materials division closure activities in December 2024. IBC's copper alloy operations have seen an upward trend in gross profit and margin since a $5.7 million expansion in 2022, despite a dip in the past six months. Looking ahead, IBC is exploring growth opportunities, particularly in the U.S. Naval defense sector, where it has engaged in discussions to expand its supply of specialized alloys to shipbuilders. Additionally, the company is closely monitoring the implications of a Section 232 investigation into copper and copper alloy imports initiated by President Trump, which could potentially enhance support for domestic producers like IBC.IBC Advanced Alloys Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.65M | 18.12M | 25.66M | 21.51M | 26.91M | 21.81M |
| Gross Profit | 3.61M | 3.45M | 6.23M | 5.02M | 5.54M | 4.23M |
| EBITDA | 679.64K | 170.36K | 2.71M | 3.11M | 2.01M | 304.00K |
| Net Income | -2.00M | ― | 1.68M | -5.93M | -1.13M | -1.52M |
Balance Sheet | ||||||
| Total Assets | 21.10M | 20.63M | 24.54M | 28.32M | 27.65M | 25.18M |
| Cash, Cash Equivalents and Short-Term Investments | 441.31K | 617.68K | 1.42M | 83.00K | 478.00K | 2.36M |
| Total Debt | 14.66M | 14.12M | 14.30M | 14.88M | 12.96M | 11.13M |
| Total Liabilities | 20.48M | 18.44M | 19.25M | 25.36M | 20.77M | 18.51M |
| Stockholders Equity | 619.44K | 2.18M | 5.29M | 2.96M | 6.88M | 6.67M |
Cash Flow | ||||||
| Free Cash Flow | -1.79M | -817.11K | 1.59M | -1.89M | -3.01M | 603.00K |
| Operating Cash Flow | -1.55M | -638.59K | 2.11M | -1.43M | 1.05M | 3.01M |
| Investing Cash Flow | -248.90K | 315.21K | -530.00K | -459.00K | -3.91M | -2.40M |
| Financing Cash Flow | 1.93M | -461.09K | -3.04M | 1.48M | 1.01M | 1.25M |
IBC Advanced Alloys Technical Analysis
Negative
0.18
Price Trends
0.19
Negative
0.19
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
27.77
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IB, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.19, and above the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 27.77 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IB.
IBC Advanced Alloys Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$411.74M | 13.91 | 15.07% | 0.46% | 5.12% | -38.32% | |
56 Neutral | C$27.12M | 3.68 | 18.51% | ― | ― | 160.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | C$7.53M | -1.64 | ― | ― | -65.29% | -21.85% | |
41 Neutral | C$18.44M | -6.51 | -112.26% | ― | ― | ― |
* General Sector Average
TSE:IB
IBC Advanced Alloys
0.16
0.11
220.00%
TSE:CYM
Cymat Technologies
0.08
-0.04
-31.82%
TSE:DRX
ADF Group Inc. SV
14.42
6.43
80.43%
TSE:MSV
Minco Silver
0.44
0.20
83.33%
TSE:BFM
Academy Metals
0.16
-0.07
-31.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.