CANFOR CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.8 CAD | -0.94% |
|
+4.01% | -17.09% |
| May. 02 | Transcript : Canfor Corporation, Canfor Pulp Products Inc., Q1 2024 Earnings Call, May 02, 2024 | |
| May. 01 | Transcript : Canfor Corporation - Shareholder/Analyst Call |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,520 | 2,878 | 3,991 | 2,611 | 2,126 | 1,757 | - | - |
| Enterprise Value (EV) 1 | 2,537 | 3,232 | 2,972 | 1,735 | 2,126 | 1,649 | 1,662 | 1,008 |
| P/E ratio | -5.78 x | 5.28 x | 2.99 x | 3.33 x | -6.59 x | -10 x | 22.4 x | 6.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.33 x | 0.53 x | 0.52 x | 0.35 x | 0.39 x | 0.31 x | 0.28 x | 0.26 x |
| EV / Revenue | 0.54 x | 0.59 x | 0.39 x | 0.23 x | 0.39 x | 0.29 x | 0.27 x | 0.15 x |
| EV / EBITDA | 37.4 x | 2.9 x | 1.16 x | 1.08 x | -19.1 x | 8.16 x | 3.3 x | 2.1 x |
| EV / FCF | -24.8 x | 3.76 x | 2 x | 3.56 x | - | -12 x | -19.7 x | - |
| FCF Yield | -4.02% | 26.6% | 50% | 28.1% | - | -8.34% | -5.07% | - |
| Price to Book | 0.92 x | 1.3 x | 1.15 x | 0.61 x | - | 0.46 x | 0.47 x | - |
| Nbr of stocks (in thousands) | 125,219 | 125,219 | 124,494 | 122,519 | 119,081 | 118,707 | - | - |
| Reference price 2 | 12.14 | 22.98 | 32.06 | 21.31 | 17.85 | 14.80 | 14.80 | 14.80 |
| Announcement Date | 2/20/20 | 2/24/21 | 3/1/22 | 2/28/23 | 3/5/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,658 | 5,454 | 7,685 | 7,427 | 5,427 | 5,668 | 6,203 | 6,686 |
| EBITDA 1 | 67.9 | 1,116 | 2,566 | 1,610 | -111.2 | 202.1 | 504.3 | 479.8 |
| EBIT 1 | -294.3 | 727.3 | 2,189 | 1,074 | -531.6 | -257 | - | - |
| Operating Margin | -6.32% | 13.33% | 28.48% | 14.46% | -9.8% | -4.53% | - | - |
| Earnings before Tax (EBT) 1 | -364.9 | 720.1 | 1,897 | 1,108 | -490 | -18 | 276 | 581 |
| Net income 1 | -263 | 544.4 | 1,342 | 787.3 | -326.1 | -40 | 113.1 | 441 |
| Net margin | -5.65% | 9.98% | 17.46% | 10.6% | -6.01% | -0.71% | 1.82% | 6.6% |
| EPS 2 | -2.100 | 4.350 | 10.74 | 6.390 | -2.710 | -1.479 | 0.6593 | 2.350 |
| Free Cash Flow 1 | -102.1 | 858.9 | 1,487 | 487.7 | - | -137.6 | -84.28 | - |
| FCF margin | -2.19% | 15.75% | 19.35% | 6.57% | - | -2.43% | -1.36% | - |
| FCF Conversion (EBITDA) | - | 76.94% | 57.95% | 30.29% | - | - | - | - |
| FCF Conversion (Net income) | - | 157.77% | 110.82% | 61.95% | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/20/20 | 2/24/21 | 3/1/22 | 2/28/23 | 3/5/24 | - | - | - |
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 | 1,571 | 2,213 | 2,172 | 1,666 | 1,373 | 1,385 | 1,446 | 1,312 | 1,283 | 1,383 | 1,472 | 1,397 | 1,427 | - | - |
| EBITDA 1 | 311.3 | 830.7 | 630.8 | 211.5 | -62.6 | -43.6 | 41 | 42.6 | -89.1 | 19.8 | 50.13 | 55.88 | 58.2 | 166.4 | 130 |
| EBIT 1 | 216.3 | 740.8 | 532.1 | 108.6 | -308 | -208.5 | -66.7 | -65.1 | -191.3 | -85.8 | -32 | -60 | -65 | - | - |
| Operating Margin | 13.77% | 33.47% | 24.5% | 6.52% | -22.43% | -15.05% | -4.61% | -4.96% | -14.91% | -6.21% | -2.17% | -4.3% | -4.56% | - | - |
| Earnings before Tax (EBT) | -73.3 | 746.8 | 542.3 | 138.5 | -319.1 | -196.8 | -71 | -46.9 | -175.3 | -79.4 | - | - | - | - | - |
| Net income | -23.1 | 534 | 373.8 | 87.4 | -207.9 | -142 | -43.9 | -23.1 | -117.1 | -64.5 | - | - | - | - | - |
| Net margin | -1.47% | 24.13% | 17.21% | 5.24% | -15.14% | -10.25% | -3.04% | -1.76% | -9.13% | -4.66% | - | - | - | - | - |
| EPS 2 | -0.1700 | 4.290 | 3.020 | 0.7100 | -1.700 | -1.170 | -0.3600 | -0.1900 | -0.9800 | -0.5400 | -0.2639 | -0.3381 | -0.3361 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/1/22 | 5/3/22 | 7/28/22 | 10/27/22 | 2/28/23 | 5/3/23 | 7/27/23 | 11/2/23 | 3/5/24 | 5/1/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,017 | 355 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 1,019 | 876 | - | 108 | 95 | 749 |
| Leverage (Debt/EBITDA) | 14.97 x | 0.3176 x | - | - | - | - | - | - |
| Free Cash Flow 1 | -102 | 859 | 1,487 | 488 | - | -138 | -84.3 | - |
| ROE (net income / shareholders' equity) | -14.2% | 28.3% | - | 22.9% | - | -0.6% | 3.3% | 9% |
| ROA (Net income/ Total Assets) | -6.28% | 11.3% | - | 13.6% | - | -0.4% | 2.2% | 6.7% |
| Assets 1 | 4,186 | 4,818 | - | 5,774 | - | 10,000 | 5,142 | 6,582 |
| Book Value Per Share 2 | 13.10 | 17.60 | 28.00 | 34.90 | - | 32.20 | 31.50 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 303 | 202 | 428 | 625 | - | 489 | 458 | 462 |
| Capex / Sales | 6.5% | 3.69% | 5.57% | 8.42% | - | 8.63% | 7.39% | 6.91% |
| Announcement Date | 2/20/20 | 2/24/21 | 3/1/22 | 2/28/23 | 3/5/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
14.8
CAD
Average target price
21.86
CAD
Spread / Average Target
+47.68%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -17.09% | 1.28B | |
| -7.09% | 7.18B | |
| -.--% | 1.4B | |
| +8.26% | 884M | |
| -21.34% | 531M | |
| -20.70% | 350M | |
| -33.74% | 266M | |
| +19.30% | 268M | |
| +36.26% | 253M | |
| +2.97% | 223M |
- Stock Market
- Equities
- CFP Stock
- Financials Canfor Corporation
