Added to YB: 2024-06-06
Pitch date: 2024-06-05
IFA.TO [neutral]
iFabric Corp.
-0.78%
current return
Author Info
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Company Info
iFabric Corp. engages in the design and distribute of women's intimate apparel and accessories in Canada, the United States, the United Kingdom, Southeast Asia, and internationally.
Market Cap
CAD 36.7M
Pitch Price
CAD 1.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.99
P/E
22.98
EV/Sales
1.29
Sector
Textiles, Apparel and Luxury Goods
Category
growth
iFabric $IFA.TO (3.25/5)
IFA.TO: Solid Q1 despite challenges. Rev +2% to $6.75M, GP +11%, earnings +16%. Strong balance sheet: $3.5M cash, $6.6M receivables, $8.85M inventory. Concerns: $4M China receivable write-off, lacking A/R aging report, related party loan. Insider ownership 2/3. Pricey at 1.55x rev, 24x EBITDA. Growth needed to justify valuation. Lack of commentary on segment declines (-6.5% apparel, -15.7% Canada, no UK sales vs $400k PY). Potential catalysts priced in. 3.25/5 stars.
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