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IBC Advanced Alloys

IB.V
19
Manufacturing - Metal Fabrication · Industrials
Price
C$0.17
+0.01 (+6.25%)
Market Cap
C$19.6M
Exchange
Toronto Stock Exchange Ventures
Winston Score
19
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+77.0% over 4y

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

Diluted shares outstanding: 64.0M (2021) → 113.3M (2025)

IBC Advanced Alloys Corp., established in 2002 and based in Franklin, Indiana, specializes in the development, production, and global distribution of advanced alloy products. The company's operations are divided into two primary segments: Copper Alloys and Engineered Materials. Through its Copper Alloys division, IBC offers a broad spectrum of copper-based products, presented as both castings and forgings. This includes high-performance materials such as beryllium copper, chrome copper, oxygen-free high conductivity copper, and aluminum bronze. These products are supplied in various forms, including plates, blocks, bars, and rings, along with specialized copper alloy forgings. They serve critical applications across numerous industries, including industrial welding, oil and gas, plastic molding, metal smelting, marine defense, electronics, and industrial equipment manufacturing. Furthermore, the company provides essential tooling components for a wide array of clients, ranging from the automotive industry and consumer plastic tooling manufacturers to the oil and gas service sector. These components are also crucial for producers and repair facilities of submarines and aircraft carriers, as well as the electronics industries and general equipment manufacturers. IBC Advanced Alloys also manufactures precision-cast beryllium-aluminum components, which are indispensable for high-stakes environments like defense, aerospace, advanced technology manufacturing, and other specialized sectors. The company underwent a name change in March 2009, transitioning from its former identity, International Beryllium Corporation, to its current designation, IBC Advanced Alloys Corp.

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

+5.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+3.1% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Runway

~2 months

$441,311 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

IBC Advanced Alloys 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.

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Quality

Gross Margin
16.8%
Thin — 16.8% gross margin
Operating Margin
-2.8%
Losing money on operations — -2.8%
ROCE
-0.9%
Weak — -0.9% return on capital

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

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Growth

Sales YoY
+60.3%
Fast-growing sales (60.3% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-9.6%
Burning cash (-9.6%)

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

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Stability

Debt / Equity
23.67
Heavy debt load (23.67)
Interest Cover
0.09x
Dangerous — barely covers interest (0.1x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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