Added to YB: 2024-09-26
Pitch date: 2024-09-24
ICE.TO [neutral]
Canlan Ice Sports Corp.
+35.86%
current return
Author Info
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Company Info
Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of recreation facilities in Canada and the United States.
Market Cap
CAD 56.5M
Pitch Price
CAD 3.06
Price Target
N/A
Dividend
2.83%
EV/EBITDA
5.92
P/E
20.47
EV/Sales
0.90
Sector
Hotels, Restaurants and Leisure
Category
N/A
Canlan Ice Sports Corp. - $ICE.TO
ICE.TO (quick dive): Arena operator with low returns, but potential land play. Owns 180 acres, mostly in valuable GTA/BC. Land worth ~$95M+ vs $77M EV. GTA land alone ~$80M. Mgmt unlikely to monetize. 93% insider owned. Better as arena investment than land play. TWC better land option.
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