TSX:ICE

Stock Analysis Report

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Market Cap

CA$54.8m

Last Updated

2021/06/20 22:45 UTC

Data Sources

Company Financials

Executive Summary

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in North America. More Details


Snowflake Analysis

Overvalued with weak fundamentals.

Share Price & News

How has Canlan Ice Sports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine ICE's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ICE's volatility change over the past year.


Market Performance


7 Day Return

1.2%

ICE

0.3%

CA Hospitality

-2.1%

CA Market


1 Year Return

11.7%

ICE

25.5%

CA Hospitality

33.6%

CA Market

Return vs Industry: ICE underperformed the Canadian Hospitality industry which returned 25.5% over the past year.

Return vs Market: ICE underperformed the Canadian Market which returned 33.6% over the past year.


Shareholder returns

ICEIndustryMarket
7 Day1.2%0.3%-2.1%
30 Day3.5%0.9%1.0%
90 Day5.4%4.5%4.2%
1 Year11.7%11.7%28.5%25.5%38.0%33.6%
3 Year-9.9%-13.1%11.5%2.6%28.7%16.4%
5 Year27.1%17.4%72.3%52.0%59.6%35.6%

Long-Term Price Volatility Vs. Market

How volatile is Canlan Ice Sports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Canlan Ice Sports undervalued compared to its fair value and its price relative to the market?

1.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ICE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ICE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ICE is unprofitable, so we can't compare its PE Ratio to the Canadian Hospitality industry average.

PE vs Market: ICE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ICE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ICE is good value based on its PB Ratio (1.4x) compared to the CA Hospitality industry average (1.6x).


Future Growth

How is Canlan Ice Sports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

44.6%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Canlan Ice Sports has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Canlan Ice Sports performed over the past 5 years?

-25.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICE is currently unprofitable.

Growing Profit Margin: ICE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ICE is unprofitable, and losses have increased over the past 5 years at a rate of 25.6% per year.

Accelerating Growth: Unable to compare ICE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ICE is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-19.8%).


Return on Equity

High ROE: ICE has a negative Return on Equity (-24.34%), as it is currently unprofitable.


Financial Health

How is Canlan Ice Sports's financial position?


Financial Position Analysis

Short Term Liabilities: ICE's short term assets (CA$16.0M) do not cover its short term liabilities (CA$20.8M).

Long Term Liabilities: ICE's short term assets (CA$16.0M) do not cover its long term liabilities (CA$58.2M).


Debt to Equity History and Analysis

Debt Level: ICE's debt to equity ratio (141.3%) is considered high.

Reducing Debt: ICE's debt to equity ratio has increased from 110.7% to 141.3% over the past 5 years.

Debt Coverage: ICE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ICE's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Canlan Ice Sports's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ICE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ICE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ICE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ICE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ICE is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ICE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Joey St-Aubin

12.42yrs

Tenure

CA$377,600

Compensation

Mr. Joey St-Aubin has been the Chief Executive Officer and President of Canlan Ice Sports Corp., since January 1, 2009. Mr. St-Aubin served as Senior Vice President of Operations and Chief Operating Office...


CEO Compensation Analysis

Compensation vs Market: Joey's total compensation ($USD302.69K) is above average for companies of similar size in the Canadian market ($USD157.21K).

Compensation vs Earnings: Joey's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: ICE's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: ICE's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Canlan Ice Sports Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Canlan Ice Sports Corp.
  • Ticker: ICE
  • Exchange: TSX
  • Founded: 1956
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: CA$54.815m
  • Shares outstanding: 13.34m
  • Website: https://www.icesports.com

Number of Employees


Location

  • Canlan Ice Sports Corp.
  • Burnaby 8Rinks
  • 6501 Sprott Street
  • Burnaby
  • British Columbia
  • V5B 3B8
  • Canada

Listings


Biography

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in North America. The company operates through six segments: I...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 22:45
End of Day Share Price2021/06/15 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.