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Canlan Ice Sports Corp (ICE) Fair Value & Analysis

Consumer Cyclical · CA · Market cap C$59.7M

CI Canlan Ice Sports Corp ICE · TO
PriceC$4.40
Fair ValueC$5.26
Upside+19.5%
Quality95/100
Evidence: High Range C$3.69 – C$7.47

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from C$4.85 to C$5.26 (+8.5%) since Jun 23, 2026. Share price +5.6% over the past month.

Price vs Fair Value (12 months)

C$4.51 C$3.01 Fair Value C$5.26 Jun 2025 Jun 2026

12‑month range C$3.01 – C$4.51 · fair‑value band C$3.69 – C$7.47 · the C$4.40 price screens below the C$5.26 fair value. As of Jun 24, 2026.

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Analysis

Canlan Ice Sports Corp (ICE) currently trades at C$4.40, while our model-based Fair Value estimate is C$5.26 — implying the stock looks roughly 19.5% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Canlan Ice Sports Corp generated revenue of C$101M at a net margin of 4.2%. Revenue grew 4.9% year over year. It earns a return on equity of 9.0%. Net debt stands at C$37.3M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) C$101M
Revenue growth (YoY) +4.9%
Net margin 4.2%
Return on equity 9.0%
Free cash flow C$7.2M FY2025
P/E ratio 14.5
More key figures
Operating margin 22.7%
EPS (TTM) C$0.3100
Dividend yield 2.1%
EPS growth (YoY) +8.5%
Net debt C$37.3M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in Canada and the United States. The company operates through five segments: Ice/Field Sales and Internal Programming, Food and Beverage, Sports Stores, Sponsorship, and Space Rental. It offers rental of ice or field time, and interior and exterior space; and organizes leagues and tournaments, and lessons and youth camps. The company also operates retail sports stores that sell hockey, skating, and soccer equipment and apparel, as well as restaurants and concession outlets. Further, it provides sponsorship and advertising services. The company was formerly known as Canlan Investment Corporation and changed its name to Canlan Ice Sports Corp. in 1999. Canlan Ice Sports Corp. was incorporated in 1956 and is headquartered in Burnaby, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Canlan Ice Sports Corp reported revenue of C$100M in FY2025 versus C$40.4M in FY2021, a compound +25.4%/yr. Reported net income was C$3.9M in FY2025.

Revenue +25.4%/yr
FY21 C$40.4M
FY22 C$73.7M
FY23 C$86.2M
FY24 C$94.0M
FY25 C$100M
Net income
FY21 −C$1.1M
FY22 C$4.7M
FY23 C$435K
FY24 C$2.8M
FY25 C$3.9M

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Frequently asked questions

Is Canlan Ice Sports Corp (ICE) undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$5.26 versus a price of C$4.40 — about +20% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ICE?
Our 21-model fair value for Canlan Ice Sports Corp is C$5.26 (as of Jun 24, 2026), built from audited fundamentals. The current price is C$4.40.
What is the quality score of ICE?
Canlan Ice Sports Corp has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Canlan Ice Sports Corp (ICE)?
Canlan Ice Sports Corp reported trailing-twelve-month revenue of about C$101M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ICE?
The net profit margin of Canlan Ice Sports Corp is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does Canlan Ice Sports Corp pay a dividend?
Canlan Ice Sports Corp currently shows a dividend yield of about 2.05% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.