Canlan Ice Sports (ICE) AI Stock Analysis

• Market Cap: C$59.35M
• Dividend Yield: 25.61%
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 15.8
• Beta (1Y): -0.06
• Revenue Growth: 8.43%
• EPS Growth: N/A
• Country: CA
• Employees: 1,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.01
• Shares Outstanding: 13,336,999
• 10 Day Avg. Volume: 3,240
• 30 Day Avg. Volume: 1,909
• PEG Ratio: 0.04
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 7.87
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: C$4.50 ▲(0.90% Upside)

Canlan Ice Sports scores well due to its solid financial performance and attractive valuation, particularly the high dividend yield. Technical analysis suggests stability without strong momentum. The absence of earnings call data and corporate events does not impact the score significantly.

Canlan Ice Sports Business Overview & Revenue Model

Company Description

Canlan Ice Sports (ICE) is a leading operator of ice sports facilities in North America, specializing in the management and operation of ice rinks and multi-sport complexes. The company offers a wide range of services including public skating, hockey leagues, figure skating, curling, and various sports training programs. With a focus on community engagement, Canlan also hosts tournaments, events, and camps, catering to athletes and recreational users of all ages.

How the Company Makes Money

Canlan Ice Sports generates revenue through multiple streams, primarily from ice rink rental fees for public skating sessions, hockey games, and figure skating practices. The company also earns income from league registrations, tournament hosting fees, and membership sales. Additional revenue sources include food and beverage sales, pro shops, and equipment rentals. Canlan has established partnerships with local sports organizations, schools, and community groups, which not only bolster its reputation but also enhance its customer base and event bookings, thereby contributing significantly to its overall earnings.

Canlan Ice Sports Financial Statement Overview

Summary

Canlan Ice Sports demonstrates solid financial health with strong revenue growth and efficient operations. While profitability margins are stable, there is potential for improvement in net profit margins. The balance sheet reflects balanced leverage, and cash flow generation is strong, supporting future growth initiatives.

Income Statement

Canlan Ice Sports shows strong revenue growth with a TTM increase of 1.72% and consistent gross profit margins above 94%. However, net profit margins are relatively low at 2.88% TTM, indicating room for improvement in cost management or pricing strategies. EBIT and EBITDA margins are stable, reflecting operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.92 TTM, indicating balanced leverage. Return on equity is modest at 5.69% TTM, suggesting moderate efficiency in generating returns from equity. The equity ratio is not explicitly calculated but appears stable given the debt and equity levels.

Cash Flow

Operating cash flow is strong with a TTM coverage ratio of 0.48, indicating good cash generation relative to net income. Free cash flow growth is robust at 22.82% TTM, supporting future investments or debt reduction. However, the free cash flow to net income ratio of 0.44 TTM suggests potential for improved cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	97.47M	94.03M	86.15M	73.73M	40.39M	39.26M
Gross Profit	91.85M	88.54M	11.87M	70.12M	39.33M	38.05M
EBITDA	14.37M	13.66M	9.57M	16.14M	7.88M	2.34M
Net Income	3.76M	2.80M	435.00K	4.73M	-1.09M	-6.36M
Balance Sheet
Total Assets	125.68M	130.50M	122.00M	121.71M	116.61M	121.48M
Cash, Cash Equivalents and Short-Term Investments	19.90M	21.18M	19.03M	18.53M	12.03M	6.98M
Total Debt	49.86M	48.47M	49.27M	50.14M	55.02M	63.10M
Total Liabilities	82.24M	81.68M	77.34M	75.06M	76.20M	79.78M
Stockholders Equity	43.44M	48.82M	44.66M	46.65M	40.42M	41.71M
Cash Flow
Free Cash Flow	6.67M	6.93M	5.07M	6.92M	11.61M	-10.24M
Operating Cash Flow	13.25M	13.81M	9.31M	10.58M	12.14M	-8.79M
Investing Cash Flow	-6.97M	-7.10M	-4.62M	-3.40M	6.65M	3.48M
Financing Cash Flow	-2.77M	-4.46M	-4.06M	-1.45M	-13.71M	-3.14M

Canlan Ice Sports Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ICE, the sentiment is Positive. The current price of 4.46 is above the 20-day moving average (MA) of 4.15, above the 50-day MA of 3.87, and above the 200-day MA of 3.36, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 60.92 is Neutral, neither overbought nor oversold. The STOCH value of 20.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ICE.

Canlan Ice Sports Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GH	78 Outperform	C$245.06M	11.97	18.36%	5.06%	>-0.01%	2.61%
ICE	71 Outperform	C$59.35M	15.77	8.22%	25.61%	8.43%	―
TWC	70 Neutral	C$548.64M	16.04	5.92%	1.56%	-12.81%	-31.89%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SXP	54 Neutral	C$88.17M	5.32	15.15%	18.41%	-4.69%	―

Canlan Ice Sports Corporate Events

Canlan Sports Declares Second Special Dividend for 2025

Canlan Ice Sports Corp. has announced a special dividend of $0.50 per common share, payable on November 18, 2025, to shareholders of record as of October 31, 2025. This follows a previous special dividend paid in August, totaling a return of one dollar per share to shareholders. The move underscores Canlan’s commitment to shareholder returns while maintaining capital for business growth and customer experience enhancement. The dividend is classified as ‘eligible’ under Canadian tax laws, potentially offering enhanced tax credits to Canadian residents.

The most recent analyst rating on (TSE:ICE) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Canlan Ice Sports stock, see the TSE:ICE Stock Forecast page.

Canlan Ice Sports Sees Revenue Growth Amid Facility Expansion

Canlan Ice Sports Corp. reported a 7.5% increase in Q2 2025 operating revenue to $23.5 million, driven by higher tournament registrations, increased league participation, and the expansion of its Game Deck with new arcade games. Despite a net loss of $0.2 million for the quarter, the company saw a significant improvement from the previous year’s loss, reflecting successful strategic investments in facility enhancements and customer engagement initiatives.