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Canlan Ice Sports

TSX:ICE
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ICE
TSX
CA$63M
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in North America. The last earnings update was 123 days ago. More info.


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ICE Share Price and Events
7 Day Returns
-0.4%
TSX:ICE
-1.4%
CA Hospitality
0.9%
CA Market
1 Year Returns
19.3%
TSX:ICE
-19.8%
CA Hospitality
-0.2%
CA Market
ICE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canlan Ice Sports (ICE) -0.4% -1.7% -7.8% 19.3% 41% 90%
CA Hospitality -1.4% -2.5% 3.5% -19.8% 37.1% 122.8%
CA Market 0.9% 2.2% 10.5% -0.2% 15.7% 4.9%
1 Year Return vs Industry and Market
  • ICE outperformed the Hospitality industry which returned -19.8% over the past year.
  • ICE outperformed the Market in Canada which returned -0.2% over the past year.
Price Volatility
ICE
Industry
5yr Volatility vs Market

Value

 Is Canlan Ice Sports undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Canlan Ice Sports to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Canlan Ice Sports.

TSX:ICE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:ICE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 26.5%) (84.47%))
1.372
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.372 * 5.96%)
10.12%

Discounted Cash Flow Calculation for TSX:ICE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Canlan Ice Sports is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:ICE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.12%)
2019 10.21 Est @ 22.32% 9.27
2020 11.87 Est @ 16.21% 9.78
2021 13.28 Est @ 11.93% 9.94
2022 14.47 Est @ 8.94% 9.84
2023 15.46 Est @ 6.84% 9.54
2024 16.29 Est @ 5.37% 9.13
2025 17.00 Est @ 4.34% 8.65
2026 17.61 Est @ 3.63% 8.14
2027 18.16 Est @ 3.12% 7.62
2028 18.66 Est @ 2.77% 7.12
Present value of next 10 years cash flows CA$89.05
TSX:ICE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$18.66 × (1 + 1.95%) ÷ (10.12% – 1.95%)
CA$232.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$232.70 ÷ (1 + 10.12%)10
CA$88.71
TSX:ICE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$89.05 + CA$88.71
CA$177.76
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$177.76 / 13.34
CA$13.33
TSX:ICE Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$13.33
Current discount Discount to share price of CA$4.75
= -1 x (CA$4.75 - CA$13.33) / CA$13.33
64.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Canlan Ice Sports is available for.
Intrinsic value
>50%
Share price is CA$4.75 vs Future cash flow value of CA$13.33
Current Discount Checks
For Canlan Ice Sports to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canlan Ice Sports's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canlan Ice Sports's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Canlan Ice Sports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canlan Ice Sports's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ICE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$0.35
TSX:ICE Share Price ** TSX (2019-03-15) in CAD CA$4.75
Canada Hospitality Industry PE Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 17.85x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Canlan Ice Sports.

TSX:ICE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ICE Share Price ÷ EPS (both in CAD)

= 4.75 ÷ 0.35

13.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canlan Ice Sports is good value based on earnings compared to the CA Hospitality industry average.
  • Canlan Ice Sports is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Canlan Ice Sports's expected growth come at a high price?
Raw Data
TSX:ICE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.3%per year
Canada Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.01x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Canlan Ice Sports, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canlan Ice Sports's assets?
Raw Data
TSX:ICE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$3.51
TSX:ICE Share Price * TSX (2019-03-15) in CAD CA$4.75
Canada Hospitality Industry PB Ratio Median Figure of 21 Publicly-Listed Hospitality Companies 1.52x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSX:ICE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ICE Share Price ÷ Book Value per Share (both in CAD)

= 4.75 ÷ 3.51

1.35x

* Primary Listing of Canlan Ice Sports.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canlan Ice Sports is good value based on assets compared to the CA Hospitality industry average.
X
Value checks
We assess Canlan Ice Sports's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Canlan Ice Sports has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Canlan Ice Sports, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canlan Ice Sports expected to grow at an attractive rate?
  • Canlan Ice Sports's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Canlan Ice Sports's earnings growth is positive but not above the Canada market average.
  • Unable to compare Canlan Ice Sports's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:ICE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ICE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.3%
Canada Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:ICE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ICE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 87 13 5
2018-06-30 86 12 4
2018-03-31 86 10 4
2017-12-31 85 11 4
2017-09-30 85 10 3
2017-06-30 84 10 3
2017-03-31 84 9 1
2016-12-31 83 9 1
2016-09-30 82 9 -2
2016-06-30 82 9 -3
2016-03-31 81 10 -1
2015-12-31 79 10 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canlan Ice Sports's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Canlan Ice Sports is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:ICE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Canlan Ice Sports Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ICE Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 0.35
2018-06-30 0.32
2018-03-31 0.34
2017-12-31 0.27
2017-09-30 0.25
2017-06-30 0.26
2017-03-31 0.05
2016-12-31 0.10
2016-09-30 -0.13
2016-06-30 -0.24
2016-03-31 -0.10
2015-12-31 -0.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Canlan Ice Sports will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Canlan Ice Sports's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Canlan Ice Sports has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Canlan Ice Sports's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Canlan Ice Sports has delivered over 20% year on year earnings growth in the past 5 years.
  • Canlan Ice Sports's 1-year earnings growth exceeds its 5-year average (38.5% vs 32.9%)
  • Canlan Ice Sports's earnings growth has exceeded the CA Hospitality industry average in the past year (38.5% vs 20.1%).
Earnings and Revenue History
Canlan Ice Sports's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Canlan Ice Sports Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ICE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 87.12 4.65 51.51
2018-06-30 86.22 4.21 51.38
2018-03-31 85.89 4.50 51.09
2017-12-31 85.41 3.56 51.30
2017-09-30 84.98 3.36 50.74
2017-06-30 84.43 3.41 50.68
2017-03-31 84.00 0.60 50.28
2016-12-31 83.08 1.29 49.50
2016-09-30 82.12 -1.80 48.51
2016-06-30 81.81 -3.23 47.98
2016-03-31 81.11 -1.35 47.85
2015-12-31 79.45 -3.60 47.56
2015-09-30 78.45 -1.03 47.27
2015-06-30 78.11 -0.33 46.97
2015-03-31 77.11 0.15 46.28
2014-12-31 75.73 0.90 45.54
2014-09-30 74.80 1.62 44.79
2014-06-30 73.73 1.86 44.37
2014-03-31 73.33 1.52 44.30
2013-12-31 72.79 1.10 44.39
2013-09-30 72.17 0.46 45.03
2013-06-30 72.31 0.91 44.94
2013-03-31 72.34 1.46 44.63
2012-12-31 72.82 1.30 44.54
2012-09-30 73.04 1.37 44.01
2012-06-30 72.62 2.65 43.84
2012-03-31 72.69 2.88 43.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Canlan Ice Sports has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Canlan Ice Sports used its assets less efficiently than the CA Hospitality industry average last year based on Return on Assets.
  • Canlan Ice Sports has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Canlan Ice Sports's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Canlan Ice Sports has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Canlan Ice Sports's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Canlan Ice Sports's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canlan Ice Sports's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Canlan Ice Sports's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Canlan Ice Sports's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Canlan Ice Sports Company Filings, last reported 5 months ago.

TSX:ICE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 46.76 53.51 15.96
2018-06-30 48.18 54.59 15.20
2018-03-31 49.53 55.48 16.37
2017-12-31 45.20 56.02 19.92
2017-09-30 42.99 57.01 15.29
2017-06-30 44.88 57.86 12.54
2017-03-31 46.46 58.35 14.54
2016-12-31 43.57 59.01 16.59
2016-09-30 41.31 60.18 10.21
2016-06-30 42.50 59.48 9.49
2016-03-31 46.60 54.01 8.59
2015-12-31 43.73 55.76 10.07
2015-09-30 40.59 57.18 6.49
2015-06-30 43.99 57.24 5.91
2015-03-31 46.04 57.24 8.06
2014-12-31 44.79 53.58 13.53
2014-09-30 43.34 54.64 11.20
2014-06-30 45.45 45.30 12.05
2014-03-31 47.15 40.86 8.66
2013-12-31 44.96 41.25 10.08
2013-09-30 42.79 41.12 7.81
2013-06-30 44.66 38.66 5.07
2013-03-31 46.69 39.13 9.32
2012-12-31 44.93 39.06 12.90
2012-09-30 43.39 40.57 10.66
2012-06-30 44.82 41.30 9.67
2012-03-31 46.30 41.71 11.72
  • Canlan Ice Sports's level of debt (114.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (96.1% vs 114.4% today).
  • Debt is well covered by operating cash flow (24.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Canlan Ice Sports's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Canlan Ice Sports has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.11%
Current annual income from Canlan Ice Sports dividends.
If you bought CA$2,000 of Canlan Ice Sports shares you are expected to receive CA$42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Canlan Ice Sports's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.09%).
  • Canlan Ice Sports's dividend is below the markets top 25% of dividend payers in Canada (5.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:ICE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:ICE Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-11-14 0.100 2.075
2018-08-10 0.100 1.953
2018-05-11 0.100 2.141
2018-03-23 0.080 1.913
2017-12-05 0.080 2.038
2017-08-22 0.080 2.099
2017-05-16 0.080 2.137
2016-12-01 0.080 2.211
2016-11-09 0.080 2.365
2016-08-19 0.080 2.252
2016-08-11 0.080 2.254
2016-04-04 0.080 2.251
2015-11-26 0.080 2.402
2015-08-13 0.080 2.241
2015-06-26 0.080 2.223
2015-03-24 0.080 2.289
2014-11-13 0.080 2.496
2014-08-14 0.080 2.726
2014-03-21 0.080 3.126
2013-11-14 0.080 3.450
2013-08-14 0.080 3.212
2013-05-16 0.080 2.847
2013-03-22 0.080 2.832
2012-12-03 0.080 2.886
2012-08-13 0.080 3.421
2012-05-11 0.080 3.764
2012-03-23 0.060 2.931
2011-11-16 0.060 3.285
2011-08-11 0.060 3.444
2011-06-10 0.060 3.224
2011-04-18 0.060 3.215
2010-12-06 0.060 2.861

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Canlan Ice Sports has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Canlan Ice Sports only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Canlan Ice Sports's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Canlan Ice Sports's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Canlan Ice Sports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canlan Ice Sports has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Canlan Ice Sports's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joey St-Aubin
COMPENSATION CA$372,514
TENURE AS CEO 10.2 years
CEO Bio

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 Officer of Canlan Ice Sports Corp. He served as a Vice President of Eastern Operations at Canlan Ice Sports Corp. He has a proven record of accomplishments of over eleven-plus years. He served as New Business Analyst at EDS of Canada from 1995 to 1997. He has been a Director of Canlan Ice Sports Corp., since March 6, 2009. Mr. St-Aubin holds a Bachelor's Degree in Social Sciences with a concentration in Management of Public Policy from the University Ottawa and attended the Queens University Executive Program.

CEO Compensation
  • Joey's compensation has been consistent with company performance over the past year.
  • Joey's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Canlan Ice Sports management team in years:

1.1
Average Tenure
  • The average tenure for the Canlan Ice Sports management team is less than 2 years, this suggests a new team.
Management Team

Joey St-Aubin

TITLE
President
COMPENSATION
CA$373K
TENURE
10.2 yrs

Ivan Wu

TITLE
CFO & Recording Secretary
COMPENSATION
CA$213K
TENURE
1.1 yrs

Mark Faubert

TITLE
Senior VP of Operations & COO
COMPENSATION
CA$242K
TENURE
2.1 yrs

Michael Gellard

TITLE
Executive Vice President
COMPENSATION
CA$316K
TENURE
1.1 yrs

Hailey Clark

TITLE
Vice-President of Sales
TENURE
1.1 yrs

Mark Reynolds

TITLE
Vice-President of Human Resources
COMPENSATION
CA$158K

Ken Male

TITLE
Vice President of Partnership Solutions
Board of Directors Tenure

Average tenure of the Canlan Ice Sports board of directors in years:

10.1
Average Tenure
  • The average tenure for the Canlan Ice Sports board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

W. Ballantyne

TITLE
Chairman
COMPENSATION
CA$78K
TENURE
10.2 yrs

Joey St-Aubin

TITLE
President
COMPENSATION
CA$373K
TENURE
10 yrs

Charles Allen

TITLE
Independent Director
COMPENSATION
CA$44K
TENURE
12.3 yrs

Bill Bullis

TITLE
Independent Director
COMPENSATION
CA$31K
TENURE
7.8 yrs

Frank Barker

TITLE
Non-Independent Director
COMPENSATION
CA$16K
TENURE
32.8 yrs

Victor D'Souza

TITLE
Independent Director
COMPENSATION
CA$40K
AGE
61
TENURE
7.8 yrs

Doug Brownridge

TITLE
Director
COMPENSATION
CA$21K
TENURE
4 yrs

Geoff Barker

TITLE
Non-Independent Director
TENURE
31.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
12. Mar 19 Buy The Jerry Zucker Revocable Trust Company 07. Mar 19 11. Mar 19 1,000 CA$4.79 CA$4,777
06. Mar 19 Buy The Jerry Zucker Revocable Trust Company 01. Mar 19 06. Mar 19 2,200 CA$4.78 CA$10,416
28. Jan 19 Buy The Jerry Zucker Revocable Trust Company 23. Jan 19 28. Jan 19 3,000 CA$4.68 CA$13,969
18. Jan 19 Buy The Jerry Zucker Revocable Trust Company 14. Jan 19 18. Jan 19 1,100 CA$4.65 CA$5,025
11. Jan 19 Buy The Jerry Zucker Revocable Trust Company 07. Jan 19 11. Jan 19 2,400 CA$4.51 CA$10,514
23. Nov 18 Buy Mark Faubert Individual 19. Nov 18 19. Nov 18 180 CA$5.20 CA$931
14. Sep 18 Sell Michael Gellard Individual 14. Sep 18 14. Sep 18 -3,500 CA$4.98 CA$-17,430
10. Sep 18 Buy Mark Faubert Individual 07. Sep 18 07. Sep 18 1,005 CA$4.94 CA$4,885
06. Sep 18 Buy Ivan Wu Individual 05. Sep 18 05. Sep 18 500 CA$4.78 CA$2,390
27. Jun 18 Buy Michael Gellard Individual 27. Jun 18 27. Jun 18 300 CA$4.85 CA$1,454
26. Jun 18 Buy Michael Gellard Individual 06. Jun 18 26. Jun 18 325 CA$4.94 CA$1,590
06. Jun 18 Sell The Jerry Zucker Revocable Trust Company 05. Jun 18 05. Jun 18 -200 CA$4.98 CA$-996
06. Jun 18 Buy The Jerry Zucker Revocable Trust Company 01. Jun 18 04. Jun 18 3,700 CA$4.57 CA$16,820
01. Jun 18 Buy The Jerry Zucker Revocable Trust Company 29. May 18 29. May 18 54,100 CA$4.54 CA$245,344
25. May 18 Buy The Jerry Zucker Revocable Trust Company 22. May 18 22. May 18 200 CA$4.25 CA$850
23. May 18 Buy The Jerry Zucker Revocable Trust Company 18. May 18 18. May 18 22,000 CA$4.25 CA$93,500
18. May 18 Buy The Jerry Zucker Revocable Trust Company 16. May 18 16. May 18 2,000 CA$4.20 CA$8,400
17. Apr 18 Buy The Jerry Zucker Revocable Trust Company 12. Apr 18 12. Apr 18 28,600 CA$4.00 CA$114,400
29. Mar 18 Sell The Jerry Zucker Revocable Trust Company 27. Mar 18 27. Mar 18 -4,700 CA$4.24 CA$-19,928
28. Mar 18 Buy Reignite Capital Corporation, Asset Management Arm Company 28. Mar 18 28. Mar 18 10,000 CA$4.18 CA$41,800
27. Mar 18 Buy Michael Gellard Individual 27. Mar 18 27. Mar 18 375 CA$4.00 CA$1,500
26. Mar 18 Buy Mark Faubert Individual 23. Mar 18 23. Mar 18 245 CA$4.00 CA$976
X
Management checks
We assess Canlan Ice Sports's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Canlan Ice Sports has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What You Should Know About Canlan Ice Sports Corp.'s (TSE:ICE) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Something To Consider Before Buying Canlan Ice Sports Corp. (TSE:ICE) For The 2.1% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Canlan Ice Sports Corp. … Let's take a look at Canlan Ice Sports in more detail.

Simply Wall St -

Does Canlan Ice Sports Corp.'s (TSE:ICE) P/E Ratio Signal A Buying Opportunity?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Canlan Ice Sports has a price to earnings ratio of 14.36, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Canlan Ice Sports Corp.'s (TSE:ICE) CEO Salary Compare Well With Others?

Joey St-Aubin has been the CEO of Canlan Ice Sports Corp. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Joey St-Aubin's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Canlan Ice Sports Corp. (TSE:ICE) Will Pay CA$0.025 In Dividends

(TSE:ICE) will be distributing its dividend of CA$0.025 per share on the 16 January 2019, and will start trading ex-dividend in 3 days time on the 28 December 2018. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Has it paid dividend every year without dramatically reducing payout in the past?

Simply Wall St -

Should Canlan Ice Sports Corp (TSE:ICE) Focus On Improving This Fundamental Metric?

Canlan Ice Sports has a ROE of 10.0%, based on the last twelve months. … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In Canlan Ice Sports Corp (TSE:ICE)

and want a simplistic look at the return on Canlan Ice Sports Corp (TSE:ICE) stock. … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Canlan Ice Sports’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Does Canlan Ice Sports Corp's (TSE:ICE) P/E Ratio Signal A Buying Opportunity?

To keep it practical, we'll show how Canlan Ice Sports Corp's (TSE:ICE) P/E ratio could help you assess the value on offer. … Canlan Ice Sports has a P/E ratio of 17.99, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Canlan Ice Sports Corp's (TSE:ICE) Past Performance Indicate A Stronger Future?

Below, I will assess ICE's latest performance announced on 30 June 2018 and weigh these figures against its longer term trend and industry movements. … Did ICE beat its long-term earnings growth trend and its industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 26%, indicating the rate at which ICE is growing has slowed down

Simply Wall St -

Something To Consider Before Buying Canlan Ice Sports Corp (TSE:ICE) For The 2.0% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Canlan Ice Sports Corp (TSE:ICE) has paid a dividend to shareholders. … Let's take a look at Canlan Ice Sports in more detail.

Simply Wall St -

Company Info

Description

Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in North America. It operates in six segments: Ice and Field Sales, Food & Beverage, Sports Store, Sponsorship, Space Rental, and Management and Consulting Services. It rents ice or field-time on a contract basis and organizes leagues and tournaments, as well as provides lessons and youth camps; operates restaurants and concession outlets; and operates sports stores that sell hockey, skating, and soccer equipment and apparel. The company also engages in the rental of interior and exterior space to third party tenants; and manages recreation facilities owned by third parties, as well as offers sponsorship and advertising services. As of March 7, 2019, it owned, leased, and/or managed 21 facilities in Canada and the United States with 60 ice surfaces; 5 indoor soccer fields; and 15 sport, volleyball, and basketball courts. The company was formerly known as Canlan Investment Corporation and changed its name to Canlan Ice Sports Corp. in 1999. The company was founded in 1956 and is headquartered in Burnaby, Canada. Canlan Ice Sports Corp. is a subsidiary of Bartrac Investments Ltd.

Details
Name: Canlan Ice Sports Corp.
ICE
Exchange: TSX
Founded: 1956
CA$63,350,745
13,336,999
Website: http://www.icesports.com
Address: Canlan Ice Sports Corp.
Burnaby 8Rinks,
6501 Sprott Street,
Burnaby,
British Columbia, V5B 3B8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ICE Common Shares The Toronto Stock Exchange CA CAD 10. Jan 1986
Number of employees
Current staff
Staff numbers
1,100
Canlan Ice Sports employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:34
End of day share price update: 2019/03/15 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.