AIMIA Inc ( Canada ) AIM

MaterialsTextiles & ApparelCanada

Last close 2.54 CAD on Nov 1, 2026, −5.6% year to date

Quant rating

Quant rating C Rank 86 of 154 in Materials

Growth C 67 of 154
Valuation B 41 of 154
Quality D 109 of 154
Revisions C 96 of 154
Momentum C 77 of 154

Wall Street consensus Strong Buy (1.00)Average target 3.75 CAD +47.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 225M
Enterprise value: 100M
52-week range: 2.48 – 3.44
3-year range: 2.30 – 3.47
Dividend yield: –
Beta (5 years): 0.18
Shares outstanding: 88.1M
Next earnings: Nov 6, 2026

About the company

Aimia Inc. is a Canada-based diversified conglomerate company. The Company operates through two segments, namely Cortland International and Holdings. The Cortland International segment designs, manufactures and supplies synthetic fiber ropes, nets, slings and tethers to the fishing and aquaculture, industrial and safety, marine and shipping, offshore energy, as well as other diversified industrial end markets worldwide. The Holdings segment includes the Company's investments in Clear Media Limited, as well as, from time to time, minority investments in various public company securities and limited partnerships. Holdings also include corporate operating costs. Clear Media Limited is an outdoor advertising firm in China.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	503	501	291	13.0	4.0	–
Revenue growth	0.5%	72.0%	2,140.0%	225.0%	17.6%	171.7%
EPS (basic, normalized)	–	−0.26	−2.37	–	−0.32	–
EPS growth	–	–	–	–	–	–
Gross margin	27.1%	26.4%	22.6%	–	–	25.4%
Net margin	6.9%	−14.2%	−68.9%	3,288.5%	−742.5%	494.0%
ROE	−4.0%	−10.6%	−27.9%	74.5%	−4.1%	5.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	307
Current ratio	2.55x
Long-term debt (mil)	14.9
Net debt (mil)	−162
Total equity (mil)	369
Net debt / equity	−0.44x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	503	+0.5%	0.2x	–	–	–	–	–	–
2026	38.1	−92.4%	2.6x	–	–	–	0.31	–	8.2x
2027	37.5	−1.6%	2.7x	–	–	–	−0.18	−158.1%	−14.1x
2028	48.1	+28.3%	2.1x	–	–	–	−0.06	+66.7%	−42.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	38.1	0.0%	–	–	0.31	0.0%	–	–
2027	37.5	0.0%	–	–	−0.18	0.0%	–	–
2028	48.1	0.0%	–	–	−0.06	0.0%	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	FQ-5	Jun 2025	Sep 2025	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	129	127	130	129	126	118	–	–
Sales mean (mil)	–	–	125	130	131	130	130	–	–	–
Surprise	–	–	+3.5%	−2.5%	−1.1%	−1.2%	−2.4%	–	–	–
EPS reported	−0.09	−0.10	−0.07	−0.13	–	−0.08	0.02	–	–	–
EPS mean	−0.55	−0.39	−0.06	0.00	–	−0.06	0.04	–	–	–
Surprise	+83.6%	+74.4%	−16.7%	–	–	−33.3%	−50.0%	–	–	–

Peer comparison Textiles & Apparel

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
AIM AIMIA Inc ( Canada )	225M	–	6.9%	0.61x	8.2x	−14.1x	–	–
AUUA ALUULA Composites Inc	98M	–	−17.5%	4.25x	–	–	–	–
Mean		–	−5.3%	2.43x	8.2x	−14.1x	–	–
Median		–	−5.3%	2.43x	8.2x	−14.1x	–	–

Technical analysis

1M−3.8%
3M−2.7%
1Y−9.6%
3Y−19.8%

Financial statements in millions of CAD

Income statement in millions of CAD, fiscal years

Income statement, AIMIA Inc ( Canada ), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	503	501	291	13.0	4.0	3.4
Cost of revenue	367	369	225	–	–	–
Gross profit	136	132	65.9	13.0	4.0	3.4
Selling, general & administrative expenses	101	116	87.3	20.6	24.3	21.7
Research & development	–	–	–	–	–	–
Depreciation/amortization	–	–	1.1	0.1	0.7	1.0
Interest expense (income), operating	−8.2	13.7	83.5	–	–	–
Unusual expense (income)	15.8	39.3	28.5	11.4	–	–
Other operating expenses	0	0	0	−1.0	0.8	0.9
Operating income	27.8	−36.7	−134	−18.1	−21.8	−20.2
Net interest income (expense)	−41.8	−17.3	−20.4	463	9.7	10.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	9.2	10.1	−25.7	0	0	−0.9
Net income before taxes	−4.8	−43.9	−181	445	−12.1	−10.2
Provision for taxes	7.8	9.6	8.0	5.2	5.0	4.9
Minority interest	−3.6	−2.9	0.6	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−16.2	−56.4	−188	440	−17.1	−15.1
Extraordinary items	–	–	–	0	0.7	11.0
Net income	−16.2	−56.4	−188	440	−16.4	−4.1
EBIT, normalized	35.4	16.3	−22.5	−6.7	−21.8	−20.2
EBITDA, normalized	72.2	51.7	0.4	−6.5	−21.1	−17.3
Basic EPS, normalized	–	−0.26	−2.37	–	−0.32	–

Balance sheet in millions of CAD, fiscal years

Balance sheet, AIMIA Inc ( Canada ), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	109	95.5	137	558	112	165
Receivables	104	119	102	3.6	1.8	11.7
Total inventory	82.3	81.8	61.2	–	–	0
Prepaid expenses	3.4	6.6	4.0	1.5	1.5	1.5
Other current assets	1.0	1.3	33.6	0	1.8	0.5
Total current assets	300	304	338	563	117	178
Property, plant & equipment	151	153	150	–	–	0
Goodwill	128	141	164	0	11.0	11.1
Intangibles	228	241	219	1.1	1.1	1.8
Long-term investments	20.7	19.9	46.0	189	267	219
Note receivable	–	32.9	37.1	38.0	33.5	32.9
Other long-term assets	8.0	7.6	10.3	12.5	0.8	1.1
Total assets	835	900	964	804	431	444
Liabilities
Accounts payable	–	–	–	–	0	0.9
Payable/accrued	79.0	76.5	75.7	–	–	0
Accrued expenses	–	–	–	3.3	2.7	1.7
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	19.5	17.5	17.2	–	–	0
Other current liabilities	5.2	9.6	4.1	6.2	7.4	1.8
Total current liabilities	104	104	97.0	9.5	10.1	4.4
Long-term debt	282	151	158	0	0	0
Minority interest	29.6	28.9	14.5	–	–	–
Other liabilities	105	117	125	17.6	16.9	8.5
Total liabilities	521	401	395	27.1	27.0	12.9
Shareholders' equity
Preferred stock	38.0	231	231	231	231	231
Common stock	35.6	38.0	25.8	4.4	4.8	4.8
Additional paid-in capital	2,207	2,221	2,229	2,229	2,265	2,265
Retained earnings (accumulated deficit)	−1,965	−1,998	−1,910	−1,702	−2,130	−2,101
Treasury stock	–	–	–	–	–	–
Other equity	−1.8	7.4	−7.1	14.4	32.5	30.8
Total equity	314	500	569	777	404	431
Total liabilities & shareholders' equity	835	900	964	804	431	444

Cash flow statement in millions of CAD, fiscal years

Cash flow statement, AIMIA Inc ( Canada ), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−12.6	−53.5	−189	440	−16.4	−4.1
Depreciation, depletion & amortization	36.8	35.4	22.9	0.1	0.7	2.9
Deferred taxes	–	–	–	–	–	–
Non-cash items	50.3	59.7	136	−459	1.7	−15.6
Changes in working capital	−18.4	−39.5	17.0	0.8	35.4	−15.2
Cash from operations	56.1	2.1	−12.3	−17.7	21.4	−32.0
Investing activities
Capital expenditures	−16.7	−13.3	−11.2	–	–	–
Other investing cash flows	46.1	51.4	−441	526	−119	109
Cash from investing	29.4	38.1	−452	526	−119	109
Financing activities
Financing cash flow items	−33.2	−22.5	−12.5	–	–	0
Cash dividends paid	−2.8	−14.7	−12.6	−12.6	−12.6	−12.7
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−33.8	−20.6	102	−36.5	0	−15.5
Cash from financing	−69.8	−57.8	77.3	−49.1	−12.6	−28.2
Foreign exchange effects	−1.9	3.9	−9.2	11.3	−1.2	−1.1
Net change in cash	13.8	−13.7	−396	470	−111	47.5
Free cash flow	39.4	−11.2	−23.5	−17.7	21.4	−32.0

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.