Canlan Ice Sports (ICE) AI Stock Analysis

• Market Cap: C$56.02M
• Dividend Yield: 26.67%
• Average Volume (3M): 1.91K
• Price to Earnings (P/E): 14.3
• Beta (1Y): -0.12
• Revenue Growth: 6.53%
• EPS Growth: 714.72%
• Country: CA
• Employees: 1,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.18
• 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: 73 Outperform
• Price Target: C$4.50 ▲(7.14% Upside)

The overall stock score of 73 reflects strong valuation metrics, particularly the high dividend yield, which is a significant positive factor. Financial performance is solid, with robust revenue growth and operational efficiency, though leverage and profitability remain areas for improvement. Technical analysis indicates a positive trend, but momentum is limited.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing demand for services and successful expansion efforts, supporting long-term business sustainability.

Gross Profit Margin

High gross profit margins reflect effective cost control, enhancing profitability and allowing for reinvestment in growth opportunities.

Cash Flow Stability

Stable cash flow ensures liquidity and financial flexibility, enabling the company to meet obligations and invest in growth initiatives.

Negative Factors

High Leverage

High leverage can increase financial risk, potentially limiting the company's ability to invest in growth and affecting long-term financial stability.

Declining Free Cash Flow

Declining free cash flow may constrain the company's ability to fund operations and growth initiatives, impacting future financial health.

Low Net Profit Margin

A low net profit margin suggests limited profitability, which could hinder the company's ability to generate sufficient returns for shareholders.

Canlan Ice Sports Business Overview & Revenue Model

Company Description

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in North America. The company operates through six segments: Ice/Field Sales and Internal Programming, Restaurant and Lounge Operations, Retail Sports Store Operations, Sponsorship, Space Rental, and Management and Consulting Services. It rents ice or field-time on a contract basis and organizes leagues and tournaments, as well as provides lessons and youth camps; operates restaurants and concession outlets; and operates sports stores that sell hockey, skating, and soccer equipment and apparel. The company also engages in the rental of indoor and exterior space to third party tenants; and manages recreation facilities owned by third parties, as well as offers sponsorship and advertising services. As of December 31, 2021, it owned, leased, and managed 18 facilities in Canada and the United States with 49 ice sheets; 7 indoor turf fields; and 24 multi-sport hard courts and outdoor beach volleyball courts. The company was formerly known as Canlan Investment Corporation and changed its name to Canlan Ice Sports Corp. in 1999. The company was incorporated in 1956 and is headquartered in Burnaby, Canada. Canlan Ice Sports Corp. is a subsidiary of Bartrac Investments Ltd.

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	98.66M	94.03M	86.15M	73.73M	40.39M	39.26M
Gross Profit	92.95M	88.54M	11.87M	70.12M	39.33M	38.05M
EBITDA	15.69M	13.66M	9.57M	16.14M	7.88M	2.34M
Net Income	3.91M	2.80M	435.00K	4.73M	-1.09M	-6.36M
Balance Sheet
Total Assets	121.92M	130.50M	122.00M	121.71M	116.61M	121.48M
Cash, Cash Equivalents and Short-Term Investments	14.59M	21.18M	19.03M	18.53M	12.03M	6.98M
Total Debt	49.41M	48.47M	49.27M	50.14M	55.02M	63.10M
Total Liabilities	80.61M	81.68M	77.34M	75.06M	76.20M	79.78M
Stockholders Equity	41.31M	48.82M	44.66M	46.65M	40.42M	41.71M
Cash Flow
Free Cash Flow	6.47M	6.93M	5.07M	6.92M	11.61M	-10.24M
Operating Cash Flow	11.81M	13.81M	9.31M	10.58M	12.14M	-8.79M
Investing Cash Flow	-5.68M	-7.10M	-4.62M	-3.40M	6.65M	3.48M
Financing Cash Flow	-9.46M	-4.46M	-4.06M	-1.45M	-13.71M	-3.14M

Canlan Ice Sports Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.20
• 50DMA: Negative
• 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 Neutral. The current price of 4.2 is above the 20-day moving average (MA) of 4.19, below the 50-day MA of 4.23, and above the 200-day MA of 3.54, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 36.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ICE.

Canlan Ice Sports Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICE	73 Outperform	C$56.02M	14.32	9.11%	26.67%	6.53%	714.72%
XTC	71 Outperform	C$256.64M	10.68	6.05%	6.21%	-3.53%	-17.19%
TWC	69 Neutral	C$591.45M	17.30	5.92%	1.50%	-12.81%	-31.89%
GH	68 Neutral	C$245.06M	11.87	18.14%	5.06%	1.01%	6.68%
WFC	66 Neutral	C$511.39M	15.41	17.19%	―	-4.02%	34.29%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Canlan Ice Sports Corporate Events

Canlan Ice Sports Sees Revenue Growth and Facility Upgrades in Q3 2025

Canlan Ice Sports Corp. reported a 5.9% increase in Q3 2025 operating revenue, reaching $21.1 million, driven by higher league and tournament registrations and new features like sports simulators. Despite a net loss of $2.5 million, the company reduced its operating loss to $0.4 million from $0.7 million in 2024, reflecting improvements in customer engagement and operational efficiency. The company also made significant progress in facility upgrades, including roof remediation and HVAC equipment replacement, indicating a commitment to enhancing its sports facilities and energy efficiency.

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.