Icarus Capital Corp. (ICRS) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Icarus Capital Corp. C$0.05, price C$0.03, upside +70.0%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
54‑month range C$0.0100 – C$0.1500 · fair‑value band C$0.0510 – C$0.0689 · the C$0.0300 price screens below the C$0.0510 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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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.
Stock analysis
Icarus Capital Corp. (ICRS) currently trades at C$0.0300, while our model-based Fair Value estimate is C$0.0510, implying the stock looks roughly 41.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of C$0.1300 per share, and 8 of the 9 models we run sit above the C$0.0300 price.
Bear case: the Multiples group reads lowest at C$0.0100, and 1 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: C$0.0510 (bear) to C$0.0689 (bull), the price of C$0.0300 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Icarus Capital Corp. reported revenue of C$1.4M in FY2025 versus C$0 in FY2021. Reported net income was −C$134K in FY2025.
Key figures
Market cap C$986K (≈ $698K) · P/S ratio 0.61 · EPS (TTM) C$−0.0200 · Net margin −9.3% · Return on equity −786% · Return on assets (EBIT) −80.5% · Operating margin 18.4% · Revenue (TTM) C$1.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 79% below its 52-week high and 100% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −4% fair-value upside, at 70%, ICRS screens cheaper than that median.
Fair Value models
Bear C$0.0510Fair Value C$0.0510Bull C$0.0689
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +2.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Entertainment · 259 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside+70% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−6% · Bottom 25%
Net margin (TTM)−7% · Below median
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth42% · Top 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Entertainment median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)0.43× · Cheaper than median
P/FCF21.1× · Priciest 25%
EV/EBITDA24.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 32
FUTURE (revenue growth)100· sector 12
PAST (return on equity)0· sector 5
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 46
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Icarus Capital Corp. Fair Value". https://www.fairvalue-calculator.com/stock/ICRS
Frequently asked questions
Is Icarus Capital Corp. (ICRS) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of C$0.0510 versus a price of C$0.0300, about +70% upside (undervalued).
What is the fair value of ICRS?
Our model-based fair value for Icarus Capital Corp. is C$0.0510 (as of Sep 23, 2026), built from audited fundamentals. The current price: 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 price target for Icarus Capital Corp. (ICRS)?
Our model-based price target is the fair value of C$0.0510 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario C$0.0510, optimistic scenario C$0.0689. It is a calculation from audited fundamentals, not an analyst target.
What is the Icarus Capital Corp. stock forecast for 2026?
Our models put fair value at C$0.0510, about +70% upside versus a price of C$0.0300 (undervalued). Cautious scenario C$0.0510, optimistic scenario C$0.0689. The calculation is refreshed regularly with new filings.
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 Sep 23, 2026).
What growth is priced into Icarus Capital Corp. (ICRS)?
For today's price to be fair in a discounted-cash-flow model, Icarus Capital Corp. would have to grow free cash flow by +4.4 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +91.9 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of ICRS use?
Our models discount Icarus Capital Corp. at 9.5 %: a base by market capitalisation (nano), country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Icarus Capital Corp. that is +4.4 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Icarus Capital Corp. (ICRS) delivered so far?
Over the past 2 years revenue at Icarus Capital Corp. grew +91.9 % a year. The price currently implies +4.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Icarus Capital Corp. (ICRS) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Icarus Capital Corp. (+4.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Icarus Capital Corp. (ICRS)?
The free-cash-flow yield on the price is 12.87 %: that much free cash flow Icarus Capital Corp. produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Icarus Capital Corp. (ICRS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Icarus Capital Corp. it is C$0.0510 per share (as of Sep 23, 2026), against a price of C$0.0300. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Icarus Capital Corp. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ICRS trades below its calculated fair value: price C$0.0300, fair value C$0.0510, a gap of about +70% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ICRS?
No. The price is what the market pays today (C$0.0300); the fair value is what the company's own numbers justify (C$0.0510). For Icarus Capital Corp. the two are C$0.0210 per share apart. That gap is exactly why we show both numbers side by side.
How much is Icarus Capital Corp. worth?
The market values Icarus Capital Corp. at about C$986K (market capitalisation, as of Sep 23, 2026). Per share that is C$0.0300; our models calculate a fair value of C$0.0510 per share.
What do the bullish and bearish scenarios say about ICRS?
Our models span a range for Icarus Capital Corp.: cautious scenario C$0.0510, base C$0.0510, optimistic C$0.0689 per share (as of Sep 23, 2026, price C$0.0300). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Icarus Capital Corp. (ICRS)?
Balance-sheet figures for Icarus Capital Corp. (as of Sep 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is ICRS from its 52-week high?
Icarus Capital Corp. trades at C$0.0300, about 79% below its 52-week high of C$0.1400 and 100% above the low of C$0.0150 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0510 is for.
Which stocks are comparable to Icarus Capital Corp.?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Warner Bros. Discovery, Inc, Live Nation Entertainment, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Icarus Capital Corp. stock attractive at the current price?
The data as of Sep 23, 2026: price C$0.0300, calculated fair value C$0.0510 (+70%), Quality Score 43/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ICRS calculated?
We run Icarus Capital Corp. through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.0510, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Icarus Capital Corp. currently trades 70 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Icarus Capital Corp. (ICRS)?
The closing price on Sep 24, 2026 was C$0.0300. Our model-based fair value is C$0.0510, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Icarus Capital Corp. right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (C$0.0510). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Icarus Capital Corp.
How large is the market capitalisation of Icarus Capital Corp. (ICRS)?
The market capitalisation of Icarus Capital Corp. is C$986K (≈ $698K). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Icarus Capital Corp. (ICRS)?
The price-to-sales ratio of Icarus Capital Corp. is 0.61 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Icarus Capital Corp. (ICRS)?
Earnings per share at Icarus Capital Corp. are C$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Icarus Capital Corp. (ICRS)?
The net margin of Icarus Capital Corp. is −9.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Icarus Capital Corp. (ICRS)?
The return on equity (ROE) of Icarus Capital Corp. is −786% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Icarus Capital Corp. (ICRS)?
On an EBIT basis the return on assets of Icarus Capital Corp. is −80.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Icarus Capital Corp. (ICRS)?
The operating margin of Icarus Capital Corp. is 18.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Icarus Capital Corp. (ICRS)?
Revenue at Icarus Capital Corp. is growing +41.8% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Icarus Capital Corp. (ICRS) carry?
The net debt of Icarus Capital Corp. is C$259K (fiscal year 2025, ≈ 7.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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