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Icarus Capital Corp (ICRS) Fair Value & Analysis

Communication Services · CA · Market cap C$986K

IC Icarus Capital Corp ICRS · V
PriceC$0.0300
Fair ValueC$0.0170
Upside-43.3%
Quality43/100
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Mixed Growth
Loss-making · -6.8% net margin
Negative equity (buybacks among others) · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 27/100
Evidence: Medium Range C$0.0204 – C$0.0204 Share as image

Fair value as of: Jul 29, 2026

From 8 valuation models · updated 13 days ago

Share price −73.9% over the past month.

Below-average quality, and screening another 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$0.0204). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (4 years)

C$0.1500 C$0.0100 Fair Value C$0.0170 Mar 2022 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 29, 2026.

How to read this chart

52‑month range C$0.0100 – C$0.1500 · the C$0.0300 price screens above the C$0.0170 fair value. Dashed = 300-day average. As of Jul 29, 2026.

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Analysis

Icarus Capital Corp (ICRS) currently trades at C$0.0300, while our model-based Fair Value estimate is C$0.0170, implying the stock looks roughly 43.3% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Icarus Capital Corp generated revenue of C$1.6M at a net margin of -6.8%. Revenue grew 41.8% year over year. Fundamentals as of Jul 29, 2026

The share trades about 79% below its 52-week high and 200% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -43%, ICRS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$0.0100 C$0.0100 C$0.0300 80
Rev-Margin DCF C$0.0100 C$0.0200 C$0.0400 74
EV/Revenue C$0.0100 C$0.0100 C$0.0100 43
All 8 models by family
DCF Models
FCF DCF C$0.0100 C$0.0100 C$0.0300 38
5Y Revenue Exit C$0.0100 C$0.0100 C$0.0300 39
5Y EBITDA Exit C$0.0100 C$0.0100 41
10Y Revenue Exit C$0.0100 C$0.0200 C$0.0300 36
10Y EBITDA Exit C$0.0100 C$0.0100 C$0.0200 37
Multiples
EV/Revenue C$0.0100 C$0.0100 C$0.0100 43
Growth DCF
Growth DCF C$0.0100 C$0.0100 C$0.0300 80
Rev-Margin DCF C$0.0100 C$0.0200 C$0.0400 74

Widest divergence: DCF Models (C$0.0100) versus DCF Models (C$0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) C$1.6M
Revenue growth (YoY) +41.8%
Net margin -6.8%
Return on equity -786%
Free cash flow C$33.1K FY2025
Operating margin 18.4%
More key figures
EPS (TTM) C$-0.0200
Net debt C$259K FY2025

Figures from reported company fundamentals · as of Jul 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 55

Profitability 50
Margins and returns on capital today
Quality Growth 89
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Icarus Capital Corp. engages in the live and digital entertainment business in Canada. The company operates a Yuk Yuk's franchise Comedy Club. It also promotes and operates pop-up comedy shows, as well as a hybrid-format Yuk Yuk's Surrey club. Icarus Capital Corp. was incorporated in 2021 and is headquartered in Surrey, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Icarus Capital Corp reported revenue of C$1.4M in FY2025 versus C$0 in FY2021. Reported net income was −C$134K in FY2025.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$1.4M
Latest YoY
+13.5%
Revenue
FY21 C$0
FY22 C$0
FY23 C$393K
FY24 C$1.3M
FY25 C$1.4M
Net income
FY21 −C$8.5K
FY22 −C$157K
FY23 −C$195K
FY24 −C$536K
FY25 −C$134K

ICRS screens 43% overvalued. Compare with Netflix, Inc →

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Cite: Fair Value Calculator (2026). "Icarus Capital Corp Fair Value". https://www.fairvalue-calculator.com/stock/ICRS

Peer Group

Entertainment · 265 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Below median
Fair Value upside −43% · Below median
Return on assets -6% · Bottom 25%
Net margin (TTM) -7% · Below median
Operating margin (TTM) 18% · Top 25%
Revenue growth 42% · Top 25%

Valuation Multiples vs Entertainment median · lower = cheaper

P/S (TTM) 0.44× · Cheaper than median
P/FCF 21.4× · Pricier than 75% of peers
EV/EBITDA 24.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 6
FUTURE 100 · sector 10
PAST 0 · sector 0
HEALTH 100 · sector 97
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 29, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is Icarus Capital Corp (ICRS) overvalued or undervalued?
As of Jul 29, 2026, our model estimates a fair value of C$0.0170 versus a price of C$0.0300, about −43% (overvalued).
What is the fair value of ICRS?
Our model-based fair value for Icarus Capital Corp is C$0.0170 (as of Jul 29, 2026), built from audited fundamentals. The current price is C$0.0300.
What is the quality score of ICRS?
Icarus Capital Corp has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Icarus Capital Corp (ICRS)?
Icarus Capital Corp reported trailing-twelve-month revenue of about C$1.6M (latest available figure, as of Jul 29, 2026).
What is the net profit margin of ICRS?
The net profit margin of Icarus Capital Corp is about -6.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

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