Canlan Ice Sports (ICE) AI Stock Analysis

• Market Cap: C$55.35M
• Dividend Yield: 4.14%
• Average Volume (3M): 1.03K
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.21
• Revenue Growth: 9.07%
• EPS Growth: 124.97%
• Country: CA
• Employees: 1,000
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Leisure
• EPS (TTM): 0.32
• Shares Outstanding: 13,336,999
• 10 Day Avg. Volume: 1,460
• 30 Day Avg. Volume: 1,030
• PEG Ratio: -0.02
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.52
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: C$4.50 ▲(8.43%Upside)

The overall score reflects strong corporate events and a solid financial position, supported by effective cash flow management and revenue growth. While technical indicators are moderately positive, the valuation remains attractive due to a reasonable P/E ratio and a good dividend yield. Operational efficiency improvements could further enhance performance.

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 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 shows strong revenue growth and improved profitability, with high gross margins and effective cash flow management. Operational efficiencies need attention due to the lack of EBIT. The balance sheet reflects a stable financial structure with a balanced debt-equity mix. Overall, the company is in a solid financial position with opportunities for operational improvements.

Income Statement

The company demonstrated solid revenue growth, with total revenue rising from $86.15M to $94.04M, indicating a growth rate of 9%. Gross profit margin remains high at 94.15%, reflecting strong cost management. However, the absence of EBIT suggests potential challenges in operational efficiency. The net profit margin improved to 2.98%, showing a turnaround from previous losses.

Balance Sheet

The balance sheet is stable with a debt-to-equity ratio of 0.99, indicating balanced leverage. The equity ratio stands at 37.41%, which is reasonable, suggesting a stable capital structure. ROE is at 5.73%, reflecting moderate profitability on shareholder equity. Overall, the company maintains a healthy financial position with manageable debt levels.

Cash Flow

Operating cash flow increased significantly to $13.81M, and free cash flow improved to $6.93M, showing a positive cash generation trend. However, the free cash flow to net income ratio is 2.48, indicating a strong cash performance relative to net income. The company efficiently manages its cash flows, which is crucial for ongoing investments and debt servicing.

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: 4.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 4.15 is above the 20-day moving average (MA) of 3.90, above the 50-day MA of 3.84, and above the 200-day MA of 3.89, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 60.67 is Neutral, neither overbought nor oversold. The STOCH value of 87.12 is Negative, 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	72 Outperform	C$55.35M	20.03	5.42%	4.14%	9.07%	124.97%
Sector *	56 Neutral	HK$23.97B	4.08	-1.57%	8.88%	0.06%	-64.88%
DII.A		C$45.67M	―	-159.64%	―	―	―
GH	76 Outperform	C$252.08M	12.63	17.99%	6.76%	-1.19%	-2.42%
TWC	75 Outperform	C$549.46M	13.04	7.70%	2.19%	-17.70%	39.37%
SXP	63 Neutral	C$93.57M	―	-10.60%	7.21%	-3.15%	-222.64%

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.