WEST FRASER TIMBER CO. LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 107.5 CAD | -0.35% |
|
+1.01% | -5.17% |
| Apr. 24 | Transcript : West Fraser Timber Co. Ltd. - Shareholder/Analyst Call | |
| Apr. 24 | Transcript : West Fraser Timber Co. Ltd., Q1 2024 Earnings Call, Apr 24, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,933 | 5,617 | 12,897 | 8,215 | 9,472 | 8,754 | - | - |
| Enterprise Value (EV) 1 | 4,951 | 5,677 | 11,533 | 7,329 | 8,522 | 7,705 | 7,206 | 6,123 |
| P/E ratio | -26.3 x | 7.24 x | 3.5 x | 3.51 x | -41.6 x | 16.2 x | 9.96 x | 8.6 x |
| Yield | 1.4% | 0.98% | 0.8% | 1.57% | 1.43% | 1.61% | 1.71% | 1.69% |
| Capitalization / Revenue | 0.81 x | 0.96 x | 0.96 x | 0.63 x | 1.08 x | 0.99 x | 0.93 x | 0.89 x |
| EV / Revenue | 1.02 x | 0.97 x | 0.86 x | 0.57 x | 0.97 x | 0.87 x | 0.77 x | 0.62 x |
| EV / EBITDA | 16.4 x | 3.89 x | 1.98 x | 1.71 x | 11.2 x | 5.59 x | 4 x | 3.14 x |
| EV / FCF | -16.8 x | 5.39 x | 3.1 x | 3.17 x | 131 x | 23.8 x | 8.71 x | 5.83 x |
| FCF Yield | -5.96% | 18.6% | 32.3% | 31.5% | 0.76% | 4.21% | 11.5% | 17.1% |
| Price to Book | 1.59 x | 1.78 x | 1.35 x | 0.9 x | 0.96 x | 0.86 x | 0.81 x | 0.54 x |
| Nbr of stocks (in thousands) | 68,662 | 68,679 | 106,869 | 84,024 | 83,556 | 81,432 | - | - |
| Reference price 2 | 57.28 | 81.78 | 120.7 | 97.77 | 113.4 | 107.5 | 107.5 | 107.5 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/15/22 | 2/14/23 | 2/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,877 | 5,850 | 13,419 | 12,964 | 8,748 | 8,828 | 9,367 | 9,809 |
| EBITDA 1 | 301 | 1,460 | 5,829 | 4,292 | 760.4 | 1,378 | 1,802 | 1,948 |
| EBIT 1 | -159 | 1,098 | 5,033 | 3,500 | -6.778 | 690.1 | 1,077 | 1,329 |
| Operating Margin | -3.26% | 18.77% | 37.51% | 27% | -0.08% | 7.82% | 11.5% | 13.55% |
| Earnings before Tax (EBT) 1 | -219 | 1,042 | 4,973 | 3,465 | -309.1 | 533.4 | 1,023 | 1,245 |
| Net income 1 | -150 | 776 | 3,760 | 2,639 | -226.4 | 464.7 | 786.3 | 903.1 |
| Net margin | -3.08% | 13.26% | 28.02% | 20.36% | -2.59% | 5.26% | 8.39% | 9.21% |
| EPS 2 | -2.180 | 11.30 | 34.49 | 27.88 | -2.725 | 6.637 | 10.79 | 12.50 |
| Free Cash Flow 1 | -295 | 1,054 | 3,722 | 2,312 | 65.06 | 324.3 | 827 | 1,050 |
| FCF margin | -6.05% | 18.02% | 27.73% | 17.83% | 0.74% | 3.67% | 8.83% | 10.71% |
| FCF Conversion (EBITDA) | - | 72.19% | 63.84% | 53.86% | 8.56% | 23.53% | 45.9% | 53.89% |
| FCF Conversion (Net income) | - | 135.82% | 98.98% | 87.59% | - | 69.8% | 105.18% | 116.28% |
| Dividend per Share 2 | 0.8000 | 0.8000 | 0.9696 | 1.537 | 1.627 | 1.726 | 1.840 | 1.822 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/15/22 | 2/14/23 | 2/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,600 | 3,991 | 3,720 | 2,828 | 2,158 | 2,215 | 2,125 | 2,348 | 2,052 | 2,224 | 2,373 | 2,254 | 1,971 | 2,177 | 2,476 |
| EBITDA 1 | 784.6 | 2,043 | 1,448 | 577 | 93.54 | 78.97 | 105.7 | 447.6 | 131.5 | 273.4 | 500 | 383 | 290.4 | 358.1 | 448.7 |
| EBIT | 574.1 | 1,848 | 1,264 | 380.6 | -110.9 | -115.7 | -259.1 | 253.4 | -71.84 | 79.29 | - | - | - | - | - |
| Operating Margin | 22.08% | 46.3% | 33.98% | 13.46% | -5.14% | -5.22% | -12.19% | 10.79% | -3.5% | 3.56% | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 558.8 | 1,822 | 1,291 | 400.9 | -167 | - | - | - | - | - | 273.8 | 159.5 | - | 77.26 | 285.4 |
| Net income 1 | 426.1 | 1,399 | 981.8 | 292.6 | -125.6 | - | - | - | - | 47.85 | 208.1 | 121.2 | -56.03 | 58.77 | 216.9 |
| Net margin | 16.39% | 35.05% | 26.39% | 10.34% | -5.82% | - | - | - | - | 2.15% | 8.77% | 5.38% | -2.84% | 2.7% | 8.76% |
| EPS 2 | 3.993 | 13.15 | 9.780 | 3.386 | -1.497 | -0.6808 | -2.075 | 2.493 | -2.535 | - | 3.176 | 2.085 | 0.8340 | - | - |
| Dividend per Share 2 | 0.2552 | 0.3208 | 0.3866 | 0.4063 | 0.4009 | 0.4084 | 0.3965 | 0.4132 | 0.4066 | 0.4101 | 0.4140 | 0.4140 | 0.4140 | - | - |
| Announcement Date | 2/15/22 | 4/28/22 | 7/27/22 | 10/26/22 | 2/14/23 | 4/25/23 | 7/26/23 | 10/25/23 | 2/14/24 | 4/23/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,018 | 60 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 1,364 | 886 | 950 | 1,049 | 1,548 | 2,631 |
| Leverage (Debt/EBITDA) | 3.382 x | 0.0411 x | - | - | - | - | - | - |
| Free Cash Flow 1 | -295 | 1,054 | 3,722 | 2,312 | 65.1 | 324 | 827 | 1,050 |
| ROE (net income / shareholders' equity) | -5.59% | 27.6% | - | 26.5% | 0.5% | 4.8% | 7.7% | 9.2% |
| ROA (Net income/ Total Assets) | -3.17% | 15.5% | - | 19.8% | - | 3.9% | 6.4% | 7.7% |
| Assets 1 | 4,732 | 5,006 | - | 13,326 | - | 11,915 | 12,286 | 11,728 |
| Book Value Per Share 2 | 36.00 | 45.90 | 89.60 | 109.0 | 118.0 | 125.0 | 132.0 | 198.0 |
| Cash Flow per Share | - | - | - | 31.30 | 8.550 | - | - | - |
| Capex 1 | 410 | 241 | 810 | 637 | 647 | 678 | 670 | 676 |
| Capex / Sales | 8.41% | 4.12% | 6.04% | 4.92% | 7.39% | 7.68% | 7.15% | 6.9% |
| Announcement Date | 2/11/20 | 2/11/21 | 2/15/22 | 2/14/23 | 2/14/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
107.5
CAD
Average target price
120.5
CAD
Spread / Average Target
+12.09%
EPS Revisions
- Stock Market
- Equities
- WFG Stock
- Financials West Fraser Timber Co. Ltd.
