Annuncio • Apr 17
West Fraser Timber Co. Ltd. to Report Q1, 2026 Results on Apr 29, 2026 West Fraser Timber Co. Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Annuncio • Feb 12
West Fraser Declares Dividend on the Common Shares and the Class B Common Shares for the First Quarter of 2026, Payable on April 2, 2026 The Board of Directors of West Fraser Timber Co. Ltd. has declared a dividend of $0.32 per share on the Common shares and the Class B Common shares in the capital of the Company, payable on April 2, 2026 to shareholders of record on March 13, 2026. Annuncio • Feb 04
West Fraser Timber Co. Ltd., Annual General Meeting, Apr 22, 2026 West Fraser Timber Co. Ltd., Annual General Meeting, Apr 22, 2026. Location: british columbia, vancouver Canada Annuncio • Jan 23
West Fraser Timber Co. Ltd. to Report Q4, 2025 Results on Feb 11, 2026 West Fraser Timber Co. Ltd. announced that they will report Q4, 2025 results on Feb 11, 2026 Annuncio • Jan 09
West Fraser Announces Goodwill Impairment for Fourth Quarter of 2025 West Fraser Timber Co. Ltd. announced that it will record an impairment of its Lumber segment goodwill in the fourth quarter of 2025 due to persistently challenging economic conditions. In Q4-2025, West Fraser expects to record an approximately $409 million non-cash impairment of goodwill as a result of the protracted downcycle that has caused management to recalibrate certain assumptions used in its annual goodwill impairment test. Annuncio • Dec 13
West Fraser Timber Co. Ltd. Declares Quarterly Dividend on Common Shares and Class B Common Shares, Payable on January 14, 2026 West Fraser Timber Co. Ltd. declared a quarterly dividend of USD 0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 14, 2026 to shareholders of record on December 29, 2025. Annuncio • Oct 03
West Fraser Timber Co. Ltd. to Report Q3, 2025 Results on Oct 22, 2025 West Fraser Timber Co. Ltd. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 22, 2025 Annuncio • Sep 12
West Fraser Timber Co. Ltd. Declares Dividend, Payable on October 14, 2025 West Fraser Timber Co. Ltd. has declared a quarterly dividend of USD 0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on October 14, 2025 to shareholders of record on September 25, 2025. Annuncio • Jun 26
West Fraser Timber Co. Ltd. to Report Q2, 2025 Results on Jul 23, 2025 West Fraser Timber Co. Ltd. announced that they will report Q2, 2025 results on Jul 23, 2025 Annuncio • Jun 12
West Fraser Timber Co. Ltd. Declares Dividend on Common Shares and Class B Common Shares, Payable on July 14, 2025 West Fraser Timber Co. Ltd. has declared a quarterly dividend of USD 0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July 14, 2025 to shareholders of record on June 26, 2025. Annuncio • Apr 04
West Fraser Timber Co. Ltd. to Report Q1, 2025 Results on Apr 22, 2025 West Fraser Timber Co. Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Annuncio • Feb 13
West Fraser Timber Co. Ltd. Declares Quarterly Dividend on Common Shares, Payable on April 3, 2025 The Board of Directors of West Fraser Timber Co. Ltd. has declared a dividend of $0.32 per share on the Common shares and the Class B Common shares in the capital of the Company, payable on April 3, 2025 to shareholders of record on March 14, 2025. Annuncio • Feb 05
West Fraser Timber Co. Ltd., Annual General Meeting, Apr 23, 2025 West Fraser Timber Co. Ltd., Annual General Meeting, Apr 23, 2025. Location: british columbia, quesnel Canada Annuncio • Jan 24
West Fraser Timber Co. Ltd. to Report Q4, 2024 Results on Feb 12, 2025 West Fraser Timber Co. Ltd. announced that they will report Q4, 2024 results on Feb 12, 2025 Annuncio • Dec 12
West Fraser Timber Co. Ltd. Declares Quarterly Dividend on Common Shares, Payable on January 14, 2025 West Fraser Timber Co. Ltd. has declared a quarterly dividend of USD 0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 14, 2025 to shareholders of record on December 27, 2024. Reported Earnings • Oct 24
Third quarter 2024 earnings released: US$1.03 loss per share (vs US$1.90 profit in 3Q 2023) Third quarter 2024 results: US$1.03 loss per share (down from US$1.90 profit in 3Q 2023). Revenue: US$1.44b (down 16% from 3Q 2023). Net loss: US$83.0m (down 152% from profit in 3Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.6% 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 104 percentage points per year, which is a significant difference in performance. Annuncio • Oct 04
West Fraser Timber Co. Ltd. to Report Q3, 2024 Results on Oct 23, 2024 West Fraser Timber Co. Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Declared Dividend • Sep 15
Second quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 26th September 2024 Payment date: 11th October 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 120% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Sep 11
West Fraser Timber Co. Ltd. Declares Quarterly Dividend, Payable on October 11, 2024 West Fraser Timber Co. Ltd. has declared a quarterly dividend of USD 0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on October 11, 2024 to shareholders of record on September 26, 2024. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$1.29 (vs US$1.57 loss in 2Q 2023) Second quarter 2024 results: EPS: US$1.29 (up from US$1.57 loss in 2Q 2023). Revenue: US$1.71b (up 6.0% from 2Q 2023). Net income: US$105.0m (up US$236.0m from 2Q 2023). Profit margin: 6.2% (up from net loss in 2Q 2023). Revenue is forecast to grow 4.4% 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 91 percentage points per year, which is a significant difference in performance. Annuncio • Jun 28
West Fraser Timber Co. Ltd. to Report Q2, 2024 Results on Jul 24, 2024 West Fraser Timber Co. Ltd. announced that they will report Q2, 2024 results on Jul 24, 2024 Declared Dividend • Jun 19
First quarter dividend of US$0.32 announced Shareholders will receive a dividend of US$0.32. Ex-date: 26th June 2024 Payment date: 12th July 2024 Dividend yield will be 1.6%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Annuncio • Jun 14
West Fraser Timber Co. Ltd. Declares Quarterly Dividend, Payable on July 12, 2024 West Fraser Timber Co. Ltd. has declared a quarterly dividend of USD 0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July 12, 2024 to shareholders of record on June 26, 2024. The quarterly dividend has been increased from the prior USD 0.30 per share in light of the share count reduction resulting from execution of recent normal course issuer bids. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$0.42 (vs US$0.50 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.42 (up from US$0.50 loss in 1Q 2023). Revenue: US$1.63b (flat on 1Q 2023). Net income: US$35.0m (up US$77.0m from 1Q 2023). Profit margin: 2.2% (up from net loss in 1Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.6% 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 71 percentage points per year, which is a significant difference in performance. Annuncio • Apr 23
Millar Western Forest Products Ltd. completed the acquisition of Two Pulp Mills in Western Canada from West Fraser Timber Co. Ltd. (TSX:WFG). Millar Western Forest Products Ltd. entered into an agreement to acquire Two Pulp Mills in Western Canada from West Fraser Timber Co. Ltd. (TSX:WFG) for $120 million on September 22, 2023. The mills include Quesnel River Pulp mill in Quesnel, British Columbia and its Slave Lake Pulp mill in Slave Lake, Alberta to Atlas. The agreement announced today includes related woodlands operations and timber holdings in Alberta and a long-term fibre supply agreement for the Quesnel River Pulp facility. Upon closing of the transaction, the Quesnel River and Slave Lake pulp mills will be operated by Millar Western Forest Products. The transaction is anticipated to close following successful completion of customary regulatory reviews and satisfaction of customary closing conditions. TD Securities Inc. is acting as exclusive financial advisor and McMillan LLP is acting as legal advisor to West Fraser. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Atlas.Millar Western Forest Products Ltd. completed the acquisition of Two Pulp Mills in Western Canada from West Fraser Timber Co. Ltd. (TSX:WFG) on April 22, 2024. Annuncio • Apr 04
West Fraser Timber Co. Ltd. to Report Q1, 2024 Results on Apr 23, 2024 West Fraser Timber Co. Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Annuncio • Apr 03
West Fraser Timber Co. Ltd. (TSX:WFG) entered into an agreement to acquire 50% stake in Cariboo Pulp and Paper Company Limited from Mercer Peace River Pulp Ltd. West Fraser Timber Co. Ltd. (TSX:WFG) entered into an agreement to acquire 50% stake in Cariboo Pulp and Paper Company Limited from Mercer Peace River Pulp Ltd. on April 2, 2024. Prior to the transaction, West Fraser Timber Co. Ltd. (TSX:WFG) held 50%. West Fraser will continue as the sole owner/operator of the mill. Annuncio • Feb 16
West Fraser Timber Co. Ltd. Declares Dividend, Payable on April 4, 2024 The Board of Directors of West Fraser Timber Co. Ltd. has declared a dividend of $0.30 per share on the Common shares and the Class B Common shares in the capital of the Company, payable on April 4, 2024 to shareholders of record on March 15, 2024. Annuncio • Feb 06
Mondi plc (LSE:MNDI) completed the acquisition of Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million. Mondi plc (LSE:MNDI) agreed to acquire Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million on July 10, 2023. As part of the transaction, Mondi will enter into a long-term partnership with West Fraser to access local, high-quality fibre from a well-established wood basket. The acquisition is subject to customary regulatory clearance and is expected to close towards the end of 2023. TD Securities Inc. is acting as exclusive financial advisor and McMillan LLP is acting as legal advisor to West Fraser. Davies Ward Phillips & Vineberg LLP acted as legal advisor to Hinton Pulp.
Mondi plc (LSE:MNDI) completed the acquisition of Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) on February 5, 2024. Annuncio • Feb 03
West Fraser Timber Co. Ltd., Annual General Meeting, Apr 24, 2024 West Fraser Timber Co. Ltd., Annual General Meeting, Apr 24, 2024. Annuncio • Jan 26
West Fraser Timber Co. Ltd. to Report Q4, 2023 Results on Feb 14, 2024 West Fraser Timber Co. Ltd. announced that they will report Q4, 2023 results on Feb 14, 2024 Annuncio • Jan 23
West Fraser Timber Co. Ltd. Announces to Permanently Close Its Sawmill in Fraser Lake, British Columbia West Fraser Timber Co. Ltd. announced that it will permanently close its sawmill in Fraser Lake, British Columbia, following an orderly wind-down. Today’s decision is the result of West Fraser’s inability to access economically viable fibre in the region. The closure of Fraser Lake Sawmill will impact approximately 175 employees. West Fraser expects to mitigate the impact on affected employees by providing work opportunities at other West Fraser operations. The mill closure will reduce West Fraser’s Canadian lumber capacity by approximately 160 million board feet. West Fraser anticipates recording restructuring and impairment charges of approximately $81 million in the fourth quarter of 2023 related to facility closures and curtailments due to availability of economic fibre sources in British Columbia. Annuncio • Jan 10
West Fraser Timber Co. Ltd. Announces Closure of Maxville Sawmill and Indefinite Curtailment of Huttig Sawmill West Fraser Timber Co. Ltd. announced that it will close its sawmill in Maxville, Florida and indefinitely curtail operations at its sawmill in Huttig, Arkansas by the end of this month. This decision is the result of high fiber costs and soft lumber markets. The closure of Maxville Sawmill will impact approximately 80 employees, while the indefinite curtailment of Huttig will impact 140 employees. In aggregate this will reduce West Fraser's U.S. lumber capacity by approximately 270 million board feet. West Fraser expects to mitigate the impact on affected employees by providing work opportunities at other company operations. High fiber costs at Maxville and the current low-price commodity environment have impaired the ability of both mills to profitably operate. The closure of Maxville and the indefinite curtailment of the Huttig sawmill better aligns its U.S. lumber capacity with demand. West Fraser anticipates taking restructuring and impairment charges of approximately $50 million in the fourth quarter of 2023 associated with this announcement. Upcoming Dividend • Dec 21
Upcoming dividend of US$0.30 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. The company is not currently making a profit and its cash payout ratio is 93%. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.0%). Annuncio • Nov 19
West Fraser Timber Co. Ltd. (TSX:WFG) completed the acquisition of Spray Lake Sawmills (1980) Ltd from family. West Fraser Timber Co. Ltd. (TSX:WFG) entered into an agreement to acquire Spray Lake Sawmills (1980) Ltd from family for CAD 140 million on September 6, 2023. The transaction is anticipated to close later this year following completion of certain post-closing adjustments, Canadian regulatory reviews and satisfaction of customary conditions.West Fraser Timber Co. Ltd. (TSX:WFG) completed the acquisition of Spray Lake Sawmills (1980) Ltd from family on November 17, 2023. As of November 17, 2023, Canadian regulatory reviews were completed. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$1.91 (vs US$2.50 in 3Q 2022) Third quarter 2023 results: EPS: US$1.91 (down from US$2.50 in 3Q 2022). Revenue: US$1.71b (down 18% from 3Q 2022). Net income: US$159.0m (down 26% from 3Q 2022). Profit margin: 9.3% (down from 10% in 3Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annuncio • Oct 06
West Fraser Timber Co. Ltd. to Report Q3, 2023 Results on Oct 25, 2023 West Fraser Timber Co. Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Annuncio • Sep 23
Millar Western Forest Products Ltd. entered into an agreement to acquire Two Pulp Mills in Western Canada from West Fraser Timber Co. Ltd. (TSX:WFG) for $120 million. Millar Western Forest Products Ltd. entered into an agreement to acquire Two Pulp Mills in Western Canada from West Fraser Timber Co. Ltd. (TSX:WFG) for $120 million on September 22, 2023. The mills include Quesnel River Pulp mill in Quesnel, British Columbia and its Slave Lake Pulp mill in Slave Lake, Alberta to Atlas. The agreement announced today includes related woodlands operations and timber holdings in Alberta and a long-term fibre supply agreement for the Quesnel River Pulp facility. Upon closing of the transaction, the Quesnel River and Slave Lake pulp mills will be operated by Millar Western Forest Products. The transaction is anticipated to close following successful completion of customary regulatory reviews and satisfaction of customary closing conditions. TD Securities Inc. is acting as exclusive financial advisor and McMillan LLP is acting as legal advisor to West Fraser. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Atlas. Upcoming Dividend • Sep 19
Upcoming dividend of US$0.30 per share at 1.6% yield Eligible shareholders must have bought the stock before 26 September 2023. Payment date: 13 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.4%). Annuncio • Sep 13
West Fraser Timber Co. Ltd. Declares Quarterly Dividend on the Common Shares and Class B Common Shares, Payable on October 13, 2023 West Fraser Timber Co. Ltd. has declared a quarterly dividend of $0.30 per share on the Common shares and Class B Common shares in the capital of the Company, payable on October 13, 2023 to shareholders of record on September 27, 2023. Annuncio • Sep 08
West Fraser Timber Co. Ltd. (TSX:WFG) entered into an agreement to acquire Spray Lake Sawmills (1980) Ltd from family for CAD 140 million. West Fraser Timber Co. Ltd. (TSX:WFG) entered into an agreement to acquire Spray Lake Sawmills (1980) Ltd from family for CAD 140 million on September 6, 2023. The transaction is anticipated to close later this yearfollowing completion of certain post-closing adjustments, Canadian regulatory reviews and satisfaction of customary conditions. Reported Earnings • Jul 27
Second quarter 2023 earnings released: US$1.57 loss per share (vs US$7.65 profit in 2Q 2022) Second quarter 2023 results: US$1.57 loss per share (down from US$7.65 profit in 2Q 2022). Revenue: US$1.61b (down 44% from 2Q 2022). Net loss: US$131.0m (down 117% from profit in 2Q 2022). Revenue is forecast to grow 4.1% 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 11% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 12
West Fraser Timber Co. Ltd. to Report Q2, 2023 Results on Jul 26, 2023 West Fraser Timber Co. Ltd. announced that they will report Q2, 2023 results on Jul 26, 2023 Annuncio • Jul 11
Mondi plc (LSE:MNDI) agreed to acquire Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million. Mondi plc (LSE:MNDI) agreed to acquire Hinton Pulp a Division of West Fraser Timber Co. Ltd. (TSX:WFG) for $5 million on July 10, 2023. As part of the transaction, Mondi will enter into a long-term partnership with West Fraser to access local, high-quality fibre from a well-established wood basket. The acquisition is subject to customary regulatory clearance and is expected to close towards the end of 2023. TD Securities Inc. is acting as exclusive financial advisor and McMillan LLP is acting as legal advisor to West Fraser. Annuncio • Jun 08
West Fraser Timber Co. Ltd. Declares Quarterly Dividend on Common Shares and Class B Common Shares, Payable on July 7, 2023 West Fraser Timber Co. Ltd. has declared a quarterly dividend of USD 0.30 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July 7, 2023 to shareholders of record on June 21, 2023. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Eric Butler 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. Annuncio • May 24
West Fraser Timber Co. Ltd. Appoints Eric L. Butler to Its Board of Directors West Fraser Timber Co. Ltd. announced the appointment of Eric L. Butler to its board of directors. Eric Butler is an accomplished executive and leader. Following his retirement from a 32-year career with Union Pacific, one of the largest freight rail providers in North America, he is a corporate director and President and CEO of Aswani-Butler Investment Associates, a private equity firm. Currently, he is a member of the Board of Directors of NiSource Inc., and the Eastman Chemicals Company and has served in the past in a number of appointments, including as the former Chair of the Board of the Federal Reserve Bank of Kansas City – Omaha Branch. Eric Butler retired from Union Pacific in 2017 as Executive Vice President and Chief Administrative Officer, after a career which saw him lead a wide variety of company functions and initiatives, including marketing and sales, purchasing and supply chain, financial planning and analysis, strategic planning, human resources, industrial engineering and transportation. Having studied at the Carnegie Mellon University, Eric Butler holds both a Bachelor of Science degree in Mechanical Engineering and a Master of Science degree in Industrial Administration from the university. Reported Earnings • Apr 26
First quarter 2023 earnings released: US$0.50 loss per share (vs US$10.36 profit in 1Q 2022) First quarter 2023 results: US$0.50 loss per share (down from US$10.36 profit in 1Q 2022). Revenue: US$1.63b (down 48% from 1Q 2022). Net loss: US$42.0m (down 104% from profit in 1Q 2022). Revenue is forecast to grow 4.4% 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 41% per year and the company’s share price has also increased by 41% per year. Annuncio • Feb 15
West Fraser Timber Co. Ltd. Declares Dividend on Common Shares and the Class B Common Shares, Payable on April 4, 2023 The Board of Directors of West Fraser Timber Co. Ltd. has declared a dividend of $0.30 per share on the Common shares and the Class B Common shares in the capital of the Company, payable on April 4, 2023 to shareholders of record on March 17, 2023. Annuncio • Jan 25
West Fraser Timber Co. Ltd. to Report Q4, 2022 Results on Feb 14, 2023 West Fraser Timber Co. Ltd. announced that they will report Q4, 2022 results on Feb 14, 2023 Annuncio • Jan 12
West Fraser Timber Co. Ltd. Announces Indefinite Curtailment of Perry Sawmill West Fraser Timber Co. Ltd. announced that it will indefinitely curtail its Perry Sawmill in Florida later this month. Today’s decision is the result of high fiber costs and softening lumber markets. The indefinite curtailment of Perry Sawmill will impact approximately 126 employees and will reduce West Fraser’s US lumber production by 100 million board feet. West Fraser expects to mitigate the impact on effected employees by providing work opportunities at other West Fraser operations. High fiber costs at Perry and a low-price commodity environment have impaired its ability to profitably operate. The indefinite curtailment of Perry Sawmill better aligns production capacity with demand. West Fraser anticipates taking an impairment charge in the fourth quarter of 2022 associated with the indefinite curtailment. Upcoming Dividend • Dec 22
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.4%). Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$7.66 (vs US$12.33 in 2Q 2021) Second quarter 2022 results: EPS: US$7.66 (down from US$12.33 in 2Q 2021). Revenue: US$2.89b (down 24% from 2Q 2021). Net income: US$762.0m (down 49% from 2Q 2021). Profit margin: 26% (down from 39% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 9.5% compared to a 5.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 28
Now 21% undervalued Over the last 90 days, the stock is up 9.6%. The fair value is estimated to be €119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 95%. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 23% share price gain to €99.56, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Forestry industry in Europe. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share. Annuncio • Apr 01
West Fraser Timber Co. Ltd. to Report Q1, 2022 Results on Apr 28, 2022 West Fraser Timber Co. Ltd. announced that they will report Q1, 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 10
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 2.3% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (3.7%). Recent Insider Transactions • Feb 22
Independent Corporate Director recently sold €172k worth of stock On the 18th of February, Gerald Miller sold around 2k shares on-market at roughly €85.85 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: US$10.5b (up 129% from FY 2020). Net income: US$2.95b (up 384% from FY 2020). Profit margin: 28% (up from 13% 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 17% compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 16
West Fraser Timber Co. Ltd. Declares Quarterly Dividend on Common Shares and Class B Common Shares, Payable on April 5, 2022 The Board of West Fraser Timber Co. Ltd. of the Company has declared a dividend of $0.25 per share on the Common shares and the Class B Common shares in the capital of the Company, payable on April 5, 2022 to shareholders of record on March 18, 2022. Annuncio • Feb 05
West Fraser Timber Co. Ltd., Annual General Meeting, Apr 20, 2022 West Fraser Timber Co. Ltd., Annual General Meeting, Apr 20, 2022. Upcoming Dividend • Dec 20
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 27 December 2021. Payment date: 11 January 2022. Payout ratio is a comfortable 3.5% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (2.7%). Annuncio • Dec 07
West Fraser Timber Co. Ltd. (TSX:WFG) completed the acquisition of OSB facility of Georgia-Pacific LLC for approximately $280 million. West Fraser Timber Co. Ltd. (TSX:WFG) entered into an agreement to acquire OSB facility of Georgia-Pacific LLC for approximately $280 million on October 25, 2021. The total purchase price is approximately $280 million, subject to certain post-closing adjustments. West Fraser intends to finance the acquisition with cash on hand. The transaction is subject to close following successful completion of U.S. regulatory reviews and satisfaction of customary conditions. The transaction is expected to close in a few weeks. RBC acted as Financial Advisor to Georgia Pacific.
West Fraser Timber Co. Ltd. (TSX:WFG) completed the acquisition of OSB facility of Georgia-Pacific LLC for approximately $280 million on December 7, 2021. Annuncio • Dec 03
West Fraser Timber Co. Ltd. (TSX:WFG) completed the acquisition of Angelina Forest products lumber mill located in Lufkin, Texas. West Fraser Timber Co. Ltd. (TSX:WFG) entered into an agreement to acquire Angelina Forest products lumber mill located in Lufkin, Texas for approximately $300 million on October 12, 2021. The total purchase price is approximately $300 million, subject to certain post-closing adjustments. West Fraser intends to finance the acquisition with cash on hand. The transaction is subject to successful completion of U.S. regulatory reviews and satisfaction of customary conditions. As of December 1, 2021, the U.S. regulatory review has been completed and the other closing conditions have been satisfied. The transaction is expected to close on December 1, 2021. Jefferies LLC acted as financial advisor to Angelina Forest products lumber mill located in Lufkin, Texas in the transaction.
West Fraser Timber Co. Ltd. (TSX:WFG) completed the acquisition of Angelina Forest products lumber mill located in Lufkin, Texas on December 1, 2021. Recent Insider Transactions • Nov 20
Senior VP of Finance recently sold €758k worth of stock On the 18th of November, Robin Lampard sold around 10k shares on-market at roughly €75.83 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$4.20 (vs US$3.82 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$2.36b (up 86% from 3Q 2020). Net income: US$460.0m (up 76% from 3Q 2020). Profit margin: 20% (down from 21% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS US$12.33 (vs US$0.51 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$3.78b (up 310% from 2Q 2020). Net income: US$1.49b (up US$1.45b from 2Q 2020). Profit margin: 39% (up from 3.8% 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 46% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 13
Corporate Secretary recently sold €174k worth of stock On the 11th of May, Tom Theodorakis sold around 3k shares on-market at roughly €69.54 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €43k more than they bought in the last 12 months. Reported Earnings • May 12
First quarter 2021 earnings released: EPS US$6.95 (vs US$0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$2.34b (up 163% from 1Q 2020). Net income: US$665.0m (up US$656.0m from 1Q 2020). Profit margin: 28% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Executive Departure • Apr 27
Independent Corporate Director has left the company On the 20th of April, John Ketcham's tenure as Independent Corporate Director ended after 6.0 years in the role. As of December 2020, John personally held 991.10k shares (€51m worth at the time). John is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 18% share price gain to CA$65.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Forestry industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.08 per share. Recent Insider Transactions • Mar 13
CEO, President & Corporate Director recently bought €94k worth of stock On the 4th of March, Raymond Ferris bought around 2k shares on-market at roughly €54.51 per share. This was the largest purchase by an insider in the last 3 months. Raymond has been a buyer over the last 12 months, purchasing a net total of €205k worth in shares. Upcoming Dividend • Mar 10
Upcoming Dividend of CA$0.20 Per Share Will be paid on the 1st of April to those who are registered shareholders by the 17th of March. The trailing yield of 1.0% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (2.7%). Recent Insider Transactions • Mar 04
Lead Independent Director recently bought €53k worth of stock On the 2nd of March, Robert Phillips bought around 1k shares on-market at roughly €52.75 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €518k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 25
Insider recently sold €52k worth of stock On the 19th of February, Kevin Burke sold around 900 shares on-market at roughly €57.56 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €769k more than they sold in the last 12 months. Is New 90 Day High Low • Feb 13
New 90-day high: €60.50 The company is up 38% from its price of €44.00 on 13 November 2020. The German market is up 11% 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 €52.06 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS CA$11.30 (vs CA$2.18 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$5.85b (up 20% from FY 2019). Net income: CA$776.0m (up CA$926.0m from FY 2019). Profit margin: 13% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 59% while theForestry industry in Germany is not expected to grow. Annuncio • Feb 06
West Fraser Timber Co. Ltd., Annual General Meeting, Apr 20, 2021 West Fraser Timber Co. Ltd., Annual General Meeting, Apr 20, 2021. Is New 90 Day High Low • Jan 28
New 90-day high: €55.00 The company is up 40% from its price of €39.20 on 30 October 2020. The German market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €258 per share. Annuncio • Jan 20
West Fraser Timber Co. Ltd. to Report Q4, 2020 Results on Feb 11, 2021 West Fraser Timber Co. Ltd. announced that they will report Q4, 2020 results After-Market on Feb 11, 2021 Upcoming Dividend • Dec 21
Upcoming Dividend of CA$0.20 Per Share Will be paid on the 12th of January to those who are registered shareholders by the 28th of December. The trailing yield of 1.0% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (3.3%). Is New 90 Day High Low • Dec 11
New 90-day high: €53.50 The company is up 23% from its price of €43.40 on 11 September 2020. The German market is up 2.0% 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 €68.70 per share. Is New 90 Day High Low • Nov 24
New 90-day high: €47.20 The company is up 4.0% from its price of €45.60 on 26 August 2020. The German market is up 1.0% 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 €60.04 per share.