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Canlan Ice Sports
(TSX:ICE)
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Rating:68Neutral
Price Target:
C$5.00
â–²(15.47% Upside)
Action:Reiterated
Date:08/17/26
The score is led by improving financial performance (revenue growth and sustained profitability since 2022) but tempered by modest and volatile margins plus meaningful leverage. Technicals are mildly supportive with price above major moving averages and neutral momentum. Valuation is a positive contributor given a reasonable P/E and a very high dividend yield based on the provided data.
Positive Factors
Revenue and EPS Growth
Positive revenue and EPS growth indicate improving facility utilization, program participation, or pricing power. Sustained expansion can strengthen operating scale and support earnings over the next several quarters.
Negative Factors
Meaningful Leverage
Debt exceeding equity leaves less financial flexibility for a leisure operator if demand weakens or facility costs rise. Leverage may constrain expansion and increase sensitivity to operating disruptions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and EPS Growth
Positive revenue and EPS growth indicate improving facility utilization, program participation, or pricing power. Sustained expansion can strengthen operating scale and support earnings over the next several quarters.
Read all positive factors
Canlan Ice Sports (ICE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$58.75M
Dividend Yield25.43%
Average Volume (3M)934.00
Price to Earnings (P/E)15.0
Beta (1Y)-0.01
Revenue Growth5.49%
EPS Growth7.16%
CountryCA
Employees1,000
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.29
Shares Outstanding13,336,999
10 Day Avg. Volume1,028
30 Day Avg. Volume934
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.54
Price to Sales (P/S)0.55
P/FCF Ratio7.72
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
Canlan Ice Sports Business Overview & Revenue Model
Company Description
Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of recreation facilities in Canada and the United States. The company operates through six segments: Ice/Field Sales and Internal Programming, Food and Beverage,...
How the Company Makes Money
Canlan Ice makes money primarily by monetizing access to, and usage of, its owned and operated sports facilities. Key revenue streams typically include: (1) Ice and facility rentals: charging hourly or contracted fees to hockey leagues, teams, sch...
Canlan Ice Sports Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.83M | 100.03M | 94.03M | 86.15M | 73.73M | 40.39M |
| Gross Profit | 38.57M | 18.43M | 88.54M | 11.87M | 70.12M | 39.33M |
| EBITDA | 16.11M | 16.06M | 13.66M | 9.57M | 16.14M | 7.88M |
| Net Income | 4.03M | 3.86M | 2.80M | 435.00K | 4.73M | -1.09M |
Balance Sheet | ||||||
| Total Assets | 118.11M | 119.78M | 130.50M | 122.00M | 121.71M | 116.61M |
| Cash, Cash Equivalents and Short-Term Investments | 12.76M | 14.11M | 21.18M | 19.03M | 18.53M | 12.03M |
| Total Debt | 50.69M | 51.43M | 48.47M | 49.27M | 50.14M | 55.02M |
| Total Liabilities | 77.46M | 83.78M | 81.68M | 77.34M | 75.06M | 76.20M |
| Stockholders Equity | 40.65M | 36.00M | 48.82M | 44.66M | 46.65M | 40.42M |
Cash Flow | ||||||
| Free Cash Flow | 7.99M | 7.17M | 6.93M | 5.07M | 6.92M | 11.61M |
| Operating Cash Flow | 13.23M | 11.48M | 13.81M | 9.31M | 10.58M | 12.14M |
| Investing Cash Flow | -5.49M | -4.55M | -7.10M | -4.62M | -3.40M | 6.65M |
| Financing Cash Flow | -15.13M | -14.22M | -4.46M | -4.06M | -1.45M | -13.71M |
Canlan Ice Sports Technical Analysis
Positive
4.33
Price Trends
4.36
Positive
4.29
Positive
4.22
Positive
Market Momentum
0.01
Negative
52.86
Neutral
67.20
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 4.33 is below the 20-day moving average (MA) of 4.36, below the 50-day MA of 4.36, and above the 200-day MA of 4.22, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 52.86 is Neutral, neither overbought nor oversold. The STOCH value of 67.20 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$685.91M | 11.70 | 9.97% | 1.38% | 0.90% | 1.97% | |
72 Outperform | C$613.48M | 19.80 | 15.90% | 5.19% | -18.04% | 7.87% | |
68 Neutral | C$58.75M | 14.96 | 10.16% | 25.43% | 5.49% | 7.16% | |
67 Neutral | C$300.65M | 12.34 | 6.04% | 5.24% | 0.52% | 5.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
TSE:ICE
Canlan Ice Sports
4.41
0.85
23.94%
TSE:XTC
Exco Technologies
8.02
1.60
25.02%
TSE:AEG
Aegis Brands
0.25
-0.09
-26.47%
TSE:TWC
TWC Enterprises
28.43
5.80
25.64%
TSE:WFC
Wall Financial
19.25
4.33
29.01%
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.