WinstonWınston
Fab-Form Industries logo

Fab-Form Industries

FBF.V
34
Construction Materials · Basic Materials
Price
C$0.99
+0.00 (+0.00%)
Market Cap
C$9.1M
Exchange
Toronto Stock Exchange Ventures
Winston Score
34
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+3.5% over 4y

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

Diluted shares outstanding: 8.9M (2021) → 9.2M (2025)

Fab-Form Industries Ltd. is a small Canadian company that makes specialized forming products used in concrete construction. Its main products include Fastfoot, a fabric footing form, and Fasttube, a fabric column form — both designed to replace traditional cardboard or wood forms when pouring concrete foundations and columns. Its customers are primarily residential and commercial builders, contractors, and construction crews across Canada and the United States.

The company sells its products directly and through distributors, generating revenue from product sales rather than subscriptions or licensing. Fab-Form operates mainly in North America and, with a market cap well under $100 million, is a very small player in the broader construction materials industry. Its competitive edge comes from patented fabric-based forming technology that can reduce material waste and labor costs compared to conventional methods. The key growth driver is continued adoption of its products as builders look for faster, cheaper ways to pour concrete foundations, though its small size and limited distribution reach remain ongoing risks.

Winston Score History

Growth Profile

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

Revenue Growth

+1.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-272.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$5,797/ year

0.1% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

44.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$2M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Fab-Form Industries has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
26.1%
Modest — 26.1% gross margin
Operating Margin
-15.3%
Losing money on operations — -15.3%
ROCE
-2.0%
Weak — -2.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+0.2%
Nearly flat sales (+0.2% YoY)
EPS YoY
-52.5%
Earnings shrinking (-52.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
1/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
61%
Modest — 61% of profit becomes cash
FCF Margin
-57.1%
Burning cash (-57.1%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
0.01
Conservative — low debt load (0.01)
Interest Cover
135.71x
Comfortably covers interest (135.7x)

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)
29.0x
Growth-priced — P/E 29.0

P/E above the market average. People are paying up for expected growth.

P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial