Added to YB: 2026-06-01
Pitch date: 2026-05-27
ICE.TO [neutral]
Canlan Ice Sports Corp.
Author Info
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Company Info
Canlan Ice Sports Corp. engages in the acquisition, development, lease, and operation of multi-purpose recreation and entertainment facilities in Canada and the United States.
Market Cap
CAD 56.7M
Pitch Price
CAD 4.25
Price Target
N/A
Dividend
2.82%
EV/EBITDA
5.94
P/E
13.44
EV/Sales
0.93
Sector
Hotels, Restaurants and Leisure
Category
value
Canlan Sports – Stanley Cup Q1 Update
ICE.TO (holding update): Q1 rev & mid-teen EBITDA margins stable, supporting pricing power thesis. Paid 2 special divs of $0.50/sh since last summer, delivering ~35% IRR despite flat stock price. Under-levered vs history, another special div possible. Real estate worth significantly above EV, but 92% closely held limits liquidity. ASHL league ownership underpins ice sales. Solid return, small position.
Read full article (2 min)