Canlan Ice Sports (ICE) AI Stock Analysis

• Market Cap: C$59.22M
• Dividend Yield: 2.7%
• Average Volume (3M): 1.75K
• Price to Earnings (P/E): 21.4
• Beta (1Y): 0.12
• Revenue Growth: 9.07%
• EPS Growth: 124.97%
• Country: CA
• Employees: 1,000
• Sector: Consumer Cyclical
• Sector Strength: 69
• Industry: Leisure
• EPS (TTM): 0.32
• Shares Outstanding: 13,336,999
• 10 Day Avg. Volume: 2,739
• 30 Day Avg. Volume: 1,747
• PEG Ratio: N/A
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.56
• 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: C$4.50
• Price Target Upside: 1.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 78 Outperform
• Price Target: C$5.00 ▲(12.61%Upside)

Canlan Ice Sports is positioned positively with strong financial performance and market momentum. The company's proactive approach to shareholder returns and strategic improvements further bolster its outlook. While valuation is moderate, the overall sentiment is optimistic.

Canlan Ice Sports Business Overview & Revenue Model

Company Description

Canlan Ice Sports Corp. (ICE) is a leading North American operator of multi-purpose recreational and entertainment facilities, specializing in ice sports. The company primarily focuses on developing and managing world-class ice rinks and sports complexes, catering to a wide range of activities including ice hockey, figure skating, and recreational skating. Canlan's facilities are designed to provide a comprehensive experience for sports enthusiasts of all ages and skill levels, offering services such as leagues, tournaments, and instructional programs.

How the Company Makes Money

Canlan Ice Sports generates revenue through several key streams. The primary source of income is the rental of ice time at its facilities, which is utilized by amateur and professional sports teams, leagues, and individual users. Additionally, the company earns significant revenue from organizing and hosting leagues and tournaments, which attract participants and spectators alike. Canlan also offers instructional programs and clinics, providing skill development opportunities that generate additional income. Ancillary services such as food and beverage sales, pro shop sales, and facility rentals for events and parties contribute to the company's revenue. Strategic partnerships with local sports organizations and community groups further enhance Canlan's market presence and revenue potential.

Canlan Ice Sports Financial Statement Overview

Summary

Canlan Ice Sports demonstrates strong revenue growth and profitability improvement, supported by efficient cost management and improved leverage. However, there is room for operational efficiency enhancements and attention needed for cash flow management.

Income Statement

Canlan Ice Sports has demonstrated strong revenue growth, with a revenue increase of 29.9% from 2022 to 2023 and a 2.1% increase from 2024 to 2025 in TTM. Gross profit margin is high at 94.15% in TTM, indicating efficient cost management. Net profit margin improved to 2.88% from a negative margin in 2021, signaling a return to profitability. However, the EBIT margin remains moderate at 7.18% in TTM, suggesting potential for further operational efficiency improvements.

Balance Sheet

The debt-to-equity ratio decreased to 0.92 in TTM, reflecting improved leverage management. Return on equity increased to 5.26%, indicating better utilization of equity. The equity ratio is stable at 40.83%, showing a strong equity base. However, total assets have slightly decreased, which might limit growth opportunities if not addressed.

Cash Flow

Operating cash flow is consistently positive, with a slight decline in TTM. Free cash flow decreased by 21.7% from 2024 to 2025, which may impact financial flexibility. The operating cash flow to net income ratio is strong at 4.51 in TTM, indicating efficient cash generation relative to net income. However, the decrease in free cash flow warrants attention.

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

Canlan Ice Sports Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.44
• 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 4.44 is above the 20-day moving average (MA) of 4.12, above the 50-day MA of 3.92, and above the 200-day MA of 3.89, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 60.12 is Neutral, neither overbought nor oversold. The STOCH value of 52.36 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
ICE	78 Outperform	C$59.22M	21.43	5.42%	2.70%	9.07%	124.97%
TWC	75 Outperform	C$559.58M	13.28	7.70%	1.57%	-17.70%	39.37%
GH	75 Outperform	C$257.06M	12.88	17.99%	4.85%	-1.19%	-2.42%
SXP	73 Outperform	C$101.68M	―	-10.60%	4.83%	-3.15%	-222.64%
Sector *	62 Neutral	C$5.30B	8.88	20.23%	3.48%	3.08%	9.19%

Canlan Ice Sports Corporate Events

Canlan Sports Declares Special Dividend to Enhance Shareholder Returns

Canlan Ice Sports Corp. has announced a special dividend of $0.50 per common share, to be paid on August 15, 2025, to shareholders of record as of July 31, 2025. This decision reflects the company’s commitment to enhancing shareholder returns and confidence in its growth and capital expenditure program, which aims to better serve customers. The dividend is classified as an ‘eligible’ dividend under Canadian tax legislation, potentially offering enhanced tax credits to Canadian residents.

Canlan Ice Sports Corp. Announces Strong Shareholder Support at 2025 AGM

Canlan Ice Sports Corp. held its Annual General Meeting of Shareholders on June 19, 2025, at ScotiaBarn in Burnaby, BC, with a significant shareholder representation of approximately 77.56% of the company’s outstanding shares. The election of directors was a key agenda, resulting in an overwhelming approval for all candidates, with most receiving 100% of votes in favor. This strong voting outcome reflects solid shareholder confidence in the company’s leadership and strategic direction.

Canlan Sports Achieves Record Q1 Revenue and Enhances Customer Experience

Canlan Sports reported a record Q1 revenue of $28.0 million, a 6.8% increase from the previous year, driven by higher participation in leagues and events, and a boost in food and beverage sales. The company is making significant strides in digital improvements and facility enhancements, including technology upgrades and energy-efficient projects, to improve customer interaction and operational efficiency, positioning itself strongly in the market.