Want to see TSE:IFA full AI Analyst Report?
Top Page
iFabric
(TSX:IFA)
Select Model
Select Model
Rating:64Neutral
Price Target:
C$5.00
▲(17.65% Upside)
Action:Reiterated
Date:08/24/26
Overall score reflects strong balance sheet and a clear operational/earnings rebound with upbeat management commentary and liquidity strength, offset by weak cash-flow durability and only fair valuation given a ~35 P/E. Technical indicators also lean bearish in the near term, keeping the score in the mid-range despite improving fundamentals.
Positive Factors
Revenue and EBITDA Growth
The sharp revenue increase across both divisions and record EBITDA indicate stronger product adoption, retail traction and operating leverage. If new programs convert into recurring replenishment, the enlarged revenue base can support durable earnings growth.
Negative Factors
Weak Cash Conversion
Limited conversion of reported earnings into operating and free cash flow reduces confidence in earnings quality. Volatility and prior negative cash-flow periods could constrain self-funded growth, especially as inventory, deposits and development spending rise with new programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and EBITDA Growth
The sharp revenue increase across both divisions and record EBITDA indicate stronger product adoption, retail traction and operating leverage. If new programs convert into recurring replenishment, the enlarged revenue base can support durable earnings growth.
Read all positive factors
iFabric (IFA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$133.95M
Dividend YieldN/A
Average Volume (3M)106.49K
Price to Earnings (P/E)32.2
Beta (1Y)-0.93
Revenue Growth106.43%
EPS Growth326.23%
CountryCA
Employees33
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.13
Shares Outstanding33,488,243
10 Day Avg. Volume119,195
30 Day Avg. Volume106,491
Financial Highlights & Ratios
PEG Ratio-6.07
Price to Book (P/B)1.82
Price to Sales (P/S)1.20
P/FCF Ratio-7.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$7.75Price Target Upside82.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.17
Revenue Forecast (FY)C$58.90M
iFabric Business Overview & Revenue Model
Company Description
Established in 1985 and based in Markham, Canada, iFabric Corp. operates through two main business segments. The company's Intimate Apparel division is responsible for the global design, sourcing, and distribution of women's intimate wear and acce...
How the Company Makes Money
iFabric primarily makes money through two operating segments. (1) Textile/Technology segment: The company generates revenue by selling or supplying fabrics and/or applying its proprietary treatment technology to fabrics for customers. This include...
iFabric Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operational and financial momentum story: record revenue growth (Q2 up 65% and H1 up 188%), a record 6-month EBITDA, strengthened liquidity after a $21M capital raise, and multiple retail rollouts and product initiatives (Target, Walmart, international expansion, new partnerships). Challenges include a reported gross margin decline largely driven by an IFRS treatment of $650k of retailer advertising support, increased variable selling and admin costs, timing risk related to retailer inventory and store rollouts, and ongoing investment costs for new technology commercialization. Management is addressing margin variability by moving marketing in-house and highlights the ability to scale toward >$100M revenue without additional capital. On balance the positives (record growth, cash position, scalable runway and product/retail traction) outweigh the near-term accounting-related margin noise and execution/timing risks.Positive Updates
Strong Revenue Growth - Q2
Q2 revenues of $9.6M vs $5.8M in 2025, an increase of $3.8M or 65%. Management notes true invoiced amount was ~ $10.3M after $650k of advertising support was deducted from revenue under IFRS.
Negative Updates
Reported Gross Margin Decline
Reported gross margin fell from 37% to 30% in Q2. Management states the full 7 percentage-point drop is driven by the $650k advertising support deduction required by IFRS, but the decline is still a notable headline metric.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth - Q2
Q2 revenues of $9.6M vs $5.8M in 2025, an increase of $3.8M or 65%. Management notes true invoiced amount was ~ $10.3M after $650k of advertising support was deducted from revenue under IFRS.
Read all positive updates
Company Guidance
Management asked investors to focus on an annual/TTM view and gave directional targets and capacity metrics: Q2 revenue was $9.6M (vs $5.8M, +65%; invoiced ≈$10.3M before a $650k retailer advertising deduction) and 6‑month revenue was $37.1M (vs $12.9M, +188%); Q2 gross margin fell to 30% from 37% (the full 7ppt drop attributable to the $650k ad deduction) with a blended margin target of ~35% (intimate apparel ~49–50%; IFTNA ~30%); Q2 EBITDA was $0.715M and 6‑month EBITDA $5.8M (vs $0 in 2025); tariff recovery recognized $925k (cash received $710k, $250k receivable); balance sheet: cash ≈$25M after ~ $21M net capital raise, working capital ≈$45.1M and available credit ≈$14–15M; deposits are about $5M (typical 25% prepay), and management says they can scale well north of $100M revenue without extra capital, target long‑term EBITDA 15–20% and net after G&A ~15%, expect Q3 to be replenishment‑driven (Q1/Q4 seasonally largest), will reduce direct retailer ad support by shifting marketing in‑house, and noted selling/royalty costs largely scale with revenue.iFabric Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
85
Very Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.09M | 32.39M | 27.33M | 22.72M | 19.74M | 19.76M |
| Gross Profit | 17.26M | 11.71M | 11.27M | 8.84M | 7.03M | 7.76M |
| EBITDA | 6.60M | 2.39M | 2.11M | -2.26M | -27.09K | 3.21M |
| Net Income | 3.95M | 1.57M | 1.63M | -1.69M | -452.46K | 2.37M |
Balance Sheet | ||||||
| Total Assets | 59.98M | 30.56M | 29.49M | 25.91M | 27.37M | 27.63M |
| Cash, Cash Equivalents and Short-Term Investments | 25.49M | 1.23M | 2.06M | 1.57M | 944.73K | 8.90M |
| Total Debt | 5.44M | 6.40M | 1.88M | 2.03M | 1.24M | 1.27M |
| Total Liabilities | 13.27M | 9.26M | 6.35M | 5.21M | 4.60M | 5.35M |
| Stockholders Equity | 46.71M | 21.30M | 23.13M | 20.69M | 22.75M | 22.27M |
Cash Flow | ||||||
| Free Cash Flow | 216.88K | -5.40M | 208.92K | 644.99K | -8.45M | -2.48M |
| Operating Cash Flow | 316.89K | -5.16M | 301.78K | 833.77K | -8.21M | -2.22M |
| Investing Cash Flow | -100.00K | -247.06K | -52.86K | -138.38K | -242.76K | -253.40K |
| Financing Cash Flow | 22.28M | 2.35M | -214.74K | -14.42K | 41.93K | 10.46M |
iFabric Technical Analysis
Negative
4.25
Price Trends
4.75
Negative
4.44
Negative
3.23
Positive
Market Momentum
-0.20
Positive
35.80
Neutral
14.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IFA, the sentiment is Negative. The current price of 4.25 is below the 20-day moving average (MA) of 4.57, below the 50-day MA of 4.75, and above the 200-day MA of 3.23, indicating a neutral trend. The MACD of -0.20 indicates Positive momentum. The RSI at 35.80 is Neutral, neither overbought nor oversold. The STOCH value of 14.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:IFA.
iFabric Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$50.57M | 12.84 | 23.49% | ― | 2.50% | ― | |
66 Neutral | C$37.81M | 11.51 | 16.58% | ― | 6.91% | ― | |
64 Neutral | C$133.95M | 32.16 | 13.95% | ― | 106.43% | 326.23% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | C$159.14M | 70.49 | 1.70% | ― | 5.59% | ― | |
58 Neutral | C$1.12B | 19.07 | 10.37% | ― | 12.26% | 20.96% | |
56 Neutral | C$108.55M | 42.17 | 0.96% | ― | 1.46% | -27.35% |
* Consumer Cyclical Sector Average
TSE:IFA
iFabric
4.01
2.92
267.89%
TSE:RET
Reitmans (Canada)
2.28
0.23
10.98%
TSE:UNI
Unisync
2.65
1.36
105.43%
TSE:GOOS
Canada Goose Holdings
11.26
-6.86
-37.86%
TSE:ROOT
Roots Corporation
4.07
0.99
32.14%
TSE:MENE
Mene
0.17
<0.01
3.13%
iFabric Corporate Events
Business Operations and StrategyProduct-Related Announcements
iFabric expands VERZUS ALL swimwear into five European markets
Positive
Aug 18, 2026
iFabric Corp., through its subsidiary Intelligent Fabric Technologies (North America) Inc., develops technology-enhanced apparel and proprietary textile treatments for major retailers, while also building its own brands like VERZUS ALL across inte...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
iFabric Posts Record First-Half Revenue as New Programs and Nudish Brand Drive Surge
Positive
Aug 13, 2026
iFabric Corp. reported the strongest six-month period in its history, with first-half 2026 revenue surging 188% year over year to a record $37.1 million and both divisions achieving all-time highs. The Intelligent Fabrics unit nearly tripled sales...
Business Operations and Strategy
Northmin Expands Tynagh Footprint With New Irish Licences and Tailings Drill Permit
Positive
Jul 21, 2026
Northmin Corporation has secured six new prospecting licences in Ireland, expanding its 100%-owned Tynagh Project area from 46.4 square kilometres to 215.7 square kilometres and covering additional structures along the Pallas and Ballyshrule fault...
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.