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iFabric

IFA.TO
53
Apparel - Manufacturers · Consumer Cyclical
Price
C$4.51
-0.02 (-0.44%)
Market Cap
C$136.7M
Exchange
Toronto Stock Exchange
Winston Score
53
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Weak
Stability
Exceptional
Valuation
Good

Share count rising — dilution

+3.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 29.2M (2021) → 30.3M (2025)

Winston Score History

The full picture

iFabric Corp. is a small Canadian company that does two main things: it makes and sells specialty chemicals that can be applied to fabrics to give them useful properties like moisture-wicking, antimicrobial protection, or flame resistance, and it also designs and sells intimate apparel under its own brands. Its customers include textile manufacturers, clothing brands, and retailers across North America. The company operates in the apparel and specialty chemicals space, serving both industrial and consumer end markets.

iFabric makes money by selling its chemical treatments and finishing products to fabric and garment makers, and by selling branded apparel directly through retail channels. Most of its business is concentrated in North America, and its modest size means it competes against much larger chemical and apparel companies. Its specialty chemical formulations provide some differentiation, but the company's small scale limits its pricing power and leaves it exposed to shifts in retailer demand and raw material costs, which remain the key risks to watch.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+65.4% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+217.5% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

C$44,505/ year

Rising (+25% vs prior year)

0.1% of revenue

Below sector average (4%)

R&D investment increasing — building for the future

Insider Activity

60.1%ownership

Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

C$25M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

iFabric grew revenue 65% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
29.3%
Modest — 29.3% gross margin
Profit after running costs
Operating Margin
6.3%
Modest — 6.3% operating margin
Return on the money invested
ROCE
11.8%
Below par — 11.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+106.4%
Fast-growing sales (+106.4% YoY)
Profit growth
EPS YoY
+320.8%
Earnings growing fast (+320.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
8%
Weak — only 8% of profit becomes cash
Spare cash per sale
FCF Margin
0.4%
Thin free cash flow (0.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.11
Conservative — low debt load (0.11)
Covers its interest
Interest Cover
15.52x
Comfortably covers interest (15.5x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
35.4x
Pricey — P/E 35.4

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+5.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (35.4 → 30.1)

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Dividends

Not applicable for this business.
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