Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Noordin Nanji was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 01
Western Forest Products Inc. to Report Q1, 2026 Results on May 06, 2026 Western Forest Products Inc. announced that they will report Q1, 2026 results on May 06, 2026 Annonce • Feb 23
Western Forest Products Inc., Annual General Meeting, May 07, 2026 Western Forest Products Inc., Annual General Meeting, May 07, 2026. Location: british columbia, vancouver Canada Annonce • Jan 01
Western Forest Products Inc. to Report Q4, 2025 Results on Feb 10, 2026 Western Forest Products Inc. announced that they will report Q4, 2025 results on Feb 10, 2026 Annonce • Sep 23
Western Forest Products Inc. to Report Q3, 2025 Results on Nov 05, 2025 Western Forest Products Inc. announced that they will report Q3, 2025 results on Nov 05, 2025 Annonce • Jul 02
Western Forest Products Inc. to Report Q2, 2025 Results on Aug 07, 2025 Western Forest Products Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Annonce • Jul 01
Western Forest Products Inc. Announces Fire Damages Columbia Vista Division Sawmill Western Forest Products Inc. announced that the sawmill at its Columbia Vista Division, located in Vancouver, Washington, sustained extensive damage in a fire, rendering the mill inoperable. Annonce • Apr 02
Western Forest Products Inc. to Report Q1, 2025 Results on May 06, 2025 Western Forest Products Inc. announced that they will report Q1, 2025 results on May 06, 2025 Annonce • Feb 25
Western Forest Products Inc., Annual General Meeting, May 07, 2025 Western Forest Products Inc., Annual General Meeting, May 07, 2025. Location: british columbia, vancouver Canada Annonce • Dec 31
Western Forest Products Inc. to Report Q4, 2024 Results on Feb 13, 2025 Western Forest Products Inc. announced that they will report Q4, 2024 results on Feb 13, 2025 Annonce • Oct 09
Western Forest Products Inc. Announces Lumber Production Curtailments Western Forest Products Inc. announced that it plans to reduce lumber production in its British Columbia (B.C.) sawmills by approximately 30 million board feet during the period from October to December, 2024. For the full year of 2024, the Company estimates total lumber production will be reduced by approximately 90 million board feet, which includes approximately 30 million board feet in the third quarter of 2024. The total estimated lumber production reduction for 2024 equates to approximately 10% of the Company’s annual lumber capacity. The temporary curtailments are due to a combination of market challenges including weaker lumber demand and higher U.S. softwood lumber duty rates, and factors relating to the B.C. operating environment creating a lack of available economic log supply at certain sawmills. Western is one of the largest private sector employers on Vancouver Island, supporting 3,500 jobs in nearly 20 communities in B.C. The Company will continue to monitor market conditions and intends to adjust its operations consistent with market demand. Annonce • Oct 01
Western Forest Products Inc. to Report Q3, 2024 Results on Nov 06, 2024 Western Forest Products Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 New Risk • Sep 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.9m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€89.9m market cap, or US$99.2m). Annonce • Aug 02
Western Forest Products Inc. Announces CFO Changes Western Forest Products Inc. announced that Glen Nontell has been appointed Chief Financial Officer effective August 1, 2024. Mr. Nontell joined the Company in 2018 and was most recently the Company’s Vice President, Corporate Development, leading the corporate development, treasury and investor relations functions, as well as having a pivotal role in the execution of the Company’s strategic priorities. Mr. Nontell is a seasoned corporate finance and capital markets professional with over 20 years of experience, including prior roles in investment banking with Scotiabank and in accounting with KPMG. He is a Chartered Professional Accountant (CPA, CA) and CFA charterholder. Mr. Nontell succeeds Stephen Williams who previously announced his intention to step down from his role as Chief Financial Officer by the end of 2024. Mr. Williams will support a seamless transition process and will remain in the role of Executive Vice President until December 31, 2024 and be available thereafter until the end of 2026 in a limited advisory capacity. Reported Earnings • Aug 01
Second quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.066 loss in 2Q 2023) Second quarter 2024 results: CA$0.01 loss per share (improved from CA$0.066 loss in 2Q 2023). Revenue: CA$309.5m (up 12% from 2Q 2023). Net loss: CA$4.20m (loss narrowed 80% from 2Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings have declined by 1.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.8% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Annonce • Jun 29
Western Forest Products Inc. to Report Q2, 2024 Results on Jul 31, 2024 Western Forest Products Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 New Risk • Apr 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Annonce • Mar 29
Western Forest Products Inc. to Report Q1, 2024 Results on May 07, 2024 Western Forest Products Inc. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 07, 2024 Annonce • Feb 24
Western Forest Products Inc., Annual General Meeting, May 08, 2024 Western Forest Products Inc., Annual General Meeting, May 08, 2024. Reported Earnings • Feb 14
Full year 2023 earnings released: CA$0.22 loss per share (vs CA$0.19 profit in FY 2022) Full year 2023 results: CA$0.22 loss per share (down from CA$0.19 profit in FY 2022). Revenue: CA$1.02b (down 30% from FY 2022). Net loss: CA$68.5m (down 211% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 2.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Feb 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Annonce • Dec 30
Western Forest Products Inc. to Report Q4, 2023 Results on Feb 13, 2024 Western Forest Products Inc. announced that they will report Q4, 2023 results on Feb 13, 2024 Recent Insider Transactions • Dec 07
President recently bought €137k worth of stock On the 5th of December, J. Hofer bought around 300k shares on-market at roughly €0.46 per share. This transaction increased J.'s direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. J. has been a buyer over the last 12 months, purchasing a net total of €275k worth in shares. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Nov 09
Third quarter 2023 earnings released: CA$0.05 loss per share (vs CA$0.021 profit in 3Q 2022) Third quarter 2023 results: CA$0.05 loss per share (down from CA$0.021 profit in 3Q 2022). Revenue: CA$231.1m (down 35% from 3Q 2022). Net loss: CA$16.7m (down 346% from profit in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Sep 30
Western Forest Products Inc. to Report Q3, 2023 Results on Nov 07, 2023 Western Forest Products Inc. announced that they will report Q3, 2023 results on Nov 07, 2023 Board Change • Sep 12
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Noordin Nanji was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Aug 04
Western Forest Products Inc. Announces Quarterly Dividend for the Third Fiscal Quarter of 2023, Payable on September 15, 2023 Western Forest Products Inc. confirmed that a quarterly dividend of $0.0125 per share will be paid with respect to the company’s third fiscal quarter of 2023 to shareholders of record as at the close of business on August 25, 2023 and payable on September 15, 2023. Annonce • Jul 01
Western Forest Products Inc. to Report Q2, 2023 Results on Aug 03, 2023 Western Forest Products Inc. announced that they will report Q2, 2023 results on Aug 03, 2023 Annonce • Jun 13
Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia Western Forest Products Inc. announced plans to temporarily reduce its lumber production over the next month by approximately 19 million board feet due to weak market conditions. The temporary reduction in lumber production will be spread across certain sawmills in the Company’s British Columbia manufacturing platform through the remainder of June and into early July. Remanufacturing and shipping operations will continue uninterrupted. Lumber production at impacted sites is expected to resume in mid-July depending on market conditions and available log supply. The Company will continue to evaluate market conditions on an ongoing basis with a view to maintain a balance between production and demand. Upcoming Dividend • May 18
Upcoming dividend of CA$0.013 per share at 4.4% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 16 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%). Reported Earnings • May 05
First quarter 2023 earnings released: CA$0.05 loss per share (vs CA$0.12 profit in 1Q 2022) First quarter 2023 results: CA$0.05 loss per share (down from CA$0.12 profit in 1Q 2022). Revenue: CA$263.8m (down 27% from 1Q 2022). Net loss: CA$17.0m (down 145% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annonce • May 05
Western Forest Products Inc. Announces Quarterly Dividend for the Second Fiscal Quarter of 2023, Payable on June 16, 2023 Western Forest Products Inc. announced quarterly dividend of $0.0125 per share will be paid with respect to the Company's second fiscal quarter of 2023 to shareholders of record as at the close of business on May 26, 2023 and payable on June 16, 2023. Board Change • Apr 26
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Noordin Nanji was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Feb 17
Western Forest Products Inc. Announces Quarterly Dividend, Payable on March 17, 2023 Western Forest Products Inc. announced to confirm that a quarterly dividend of $0.0125 per share will be paid with respect to the Company’s first fiscal quarter of 2023 to shareholders of record as at the close of business on February 24, 2023 and payable on March 17, 2023. Annonce • Jan 28
Western Forest Products Inc. Not Restarts its Alberni-Pacific Division Facility in its Current Configuration Western Forest Products Inc. announced that the Company will not restart its Alberni-Pacific Division (APD) facility in its current configuration and has established a multi-party working group to explore potential viable industrial manufacturing solutions for the facility. The mill has been curtailed since fall 2022. In 2022, Western, Tsawak-qin Forestry Limited Partnership and Huu-ay-aht First Nations commissioned the Beck Group to look at long-term economically viable primary manufacturing options for APD. The report concludes the options for APD are very limited. Over the next 90 days, the working group, which includes representatives from Western, the United Steelworkers union, Indigenous partners and contractually-aligned business, will explore potential viable industrial manufacturing solutions for the site. Annonce • Jan 27
Western Forest Products Inc. Announces Not to Restart its Alberni-Pacific Division Western Forest Products Inc. announced that the Company will not restart its Alberni-Pacific Division (APD) facility in its current configuration and has established a multi-party working group to explore potential viable industrial manufacturing solutions for the facility. The mill has been curtailed since fall 2022. In 2022, Western, Tsawak-qin Forestry Limited Partnership and Huu-ay-aht First Nations commissioned the Beck Group to look at long-term economically viable primary manufacturing options for APD. The report concludes the options for APD are very limited. Over the next 90 days, the working group, which includes representatives from Western, the United Steelworkers union, Indigenous partners and contractually-aligned business, will explore potential viable industrial manufacturing solutions for the site. Annonce • Dec 31
Western Forest Products Inc. to Report Q4, 2022 Results on Feb 16, 2023 Western Forest Products Inc. announced that they will report Q4, 2022 results on Feb 16, 2023 Recent Insider Transactions • Nov 23
Independent Director recently bought €80k worth of stock On the 18th of November, John Williamson bought around 100k shares on-market at roughly €0.80 per share. This transaction increased John's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €411k more in shares than they have sold in the last 12 months. Upcoming Dividend • Nov 17
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 24 November 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.1%). Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.12 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.02 (down from CA$0.12 in 3Q 2021). Revenue: CA$356.0m (flat on 3Q 2021). Net income: CA$6.80m (down 84% from 3Q 2021). Profit margin: 1.9% (down from 12% in 3Q 2021). Revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be €1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 93%. Recent Insider Transactions • Aug 21
Independent Director recently bought €140k worth of stock On the 16th of August, Randy Krotowski bought around 114k shares on-market at roughly €1.23 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.0m more in shares than they bought in the last 12 months. Upcoming Dividend • Aug 18
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 9.8% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.21 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.12 (down from CA$0.21 in 2Q 2021). Revenue: CA$437.4m (up 5.6% from 2Q 2021). Net income: CA$38.1m (down 51% from 2Q 2021). Profit margin: 8.7% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 14% compared to a 5.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.11, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Forestry industry in Europe. Total returns to shareholders of 17% over the past three years. Upcoming Dividend • May 19
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.2%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: CA$0.12 (vs CA$0.14 in 1Q 2021) First quarter 2022 results: EPS: CA$0.12 (down from CA$0.14 in 1Q 2021). Revenue: CA$359.6m (up 12% from 1Q 2021). Net income: CA$37.8m (down 30% from 1Q 2021). Profit margin: 11% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 11% compared to a 6.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$0.56 (up from CA$0.088 in FY 2020). Revenue: CA$1.42b (up 47% from FY 2020). Net income: CA$201.4m (up CA$168.3m from FY 2020). Profit margin: 14% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 15% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 18
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 17 December 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.8%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS CA$0.12 (vs CA$0.03 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$352.9m (up 21% from 3Q 2020). Net income: CA$41.3m (up 266% from 3Q 2020). Profit margin: 12% (up from 3.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 17% share price gain to €1.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Forestry industry in Europe. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.31 per share. Recent Insider Transactions • Sep 20
CEO, President & Director recently sold €461k worth of stock On the 17th of September, Donald Demens sold around 335k shares on-market at roughly €1.38 per share. This was the largest sale by an insider in the last 3 months. Donald has been a seller over the last 12 months, reducing personal holdings by €984k. Recent Insider Transactions • Aug 29
CEO, President & Director recently sold €296k worth of stock On the 27th of August, Donald Demens sold around 214k shares on-market at roughly €1.38 per share. This was the largest sale by an insider in the last 3 months. Donald has been a seller over the last 12 months, reducing personal holdings by €523k. Upcoming Dividend • Aug 19
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 17 September 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS CA$0.21 (vs CA$0.023 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$414.4m (up 62% from 2Q 2020). Net income: CA$78.0m (up CA$69.5m from 2Q 2020). Profit margin: 19% (up from 3.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 20
Upcoming dividend of CA$0.01 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 18 June 2021. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CA$1.41, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Forestry industry in Europe. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.89 per share. Executive Departure • May 12
Independent Director has left the company On the 6th of May, James Arthurs' tenure as Independent Director ended after 16.8 years in the role. As of December 2020, James personally held 53.56k shares (€43k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 12
Non-Independent Director has left the company On the 6th of May, Lee Doney's tenure as Non-Independent Director ended after 16.8 years in the role. As of December 2020, Lee personally held only 5.00k shares (€4.0k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • May 07
First quarter 2021 earnings released: EPS CA$0.14 (vs CA$0.056 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$322.5m (up 225% from 1Q 2020). Net income: CA$53.6m (up CA$74.6m from 1Q 2020). Profit margin: 17% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 28
CEO, President & Director recently sold €227k worth of stock On the 24th of March, Donald Demens sold around 186k shares on-market at roughly €1.22 per share. This was the largest sale by an insider in the last 3 months. This was Donald's only on-market trade for the last 12 months. Is New 90 Day High Low • Feb 23
New 90-day high: €1.11 The company is up 79% from its price of €0.62 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.03 per share. Reported Earnings • Feb 21
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$964.9m (up 20% from FY 2019). Net income: CA$33.1m (up CA$79.4m from FY 2019). Profit margin: 3.4% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue beats expectations Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 31% while theForestry industry in Germany is not expected to grow. Is New 90 Day High Low • Feb 06
New 90-day high: €0.89 The company is up 46% from its price of €0.60 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.91 per share. Is New 90 Day High Low • Jan 15
New 90-day high: €0.84 The company is up 39% from its price of €0.61 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.94 per share. Is New 90 Day High Low • Dec 17
New 90-day high: €0.73 The company is up 11% from its price of €0.66 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.15 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS CA$0.03 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CA$290.6m (up 105% from 3Q 2019). Net income: CA$11.3m (up CA$30.0m from 3Q 2019). Profit margin: 3.9% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 58% compared to a 1.6% decline forecast for the Forestry industry in Germany.