Robust Earnings May Not Tell The Whole Story For GreenFirst Forest Products (TSE:GFP)
GreenFirst Forest Products Inc.'s ( TSE:GFP ) healthy profit numbers didn't contain any surprises for investors...
Canadian (TSX) Forestry Products Industry Analysis
UpdatedMay 24, 2022
DataAggregated Company Financials
Companies9
- 7D-1.6%
- 3M-11.6%
- 1Y-3.0%
- YTD-11.3%
Over the last 7 days, the Forestry Products industry has dropped 1.6%, driven by Interfor declining 8.6%. However, the industry is down 3.0% over the past year. As for the next few years, earnings are forecast to decline by 51% per annum.
Industry Valuation and Performance
Has the Canadian Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Tue, 24 May 2022 | CA$19.6b | CA$31.2b | CA$7.2b | 3.2x |
| Thu, 21 Apr 2022 | CA$20.8b | CA$28.9b | CA$6.3b | 3.2x |
| Sat, 19 Mar 2022 | CA$23.4b | CA$28.8b | CA$6.3b | 3.5x |
| Mon, 14 Feb 2022 | CA$23.9b | CA$28.3b | CA$6.7b | 3.5x |
| Wed, 12 Jan 2022 | CA$23.2b | CA$28.2b | CA$6.8b | 3.5x |
| Fri, 10 Dec 2021 | CA$22.0b | CA$28.3b | CA$6.8b | 3.2x |
| Sun, 07 Nov 2021 | CA$20.6b | CA$28.1b | CA$6.8b | 3.2x |
| Tue, 05 Oct 2021 | CA$20.9b | CA$26.7b | CA$6.6b | 3.8x |
| Thu, 02 Sep 2021 | CA$19.9b | CA$26.6b | CA$6.6b | 3.6x |
| Sat, 31 Jul 2021 | CA$19.4b | CA$26.6b | CA$6.6b | 3.5x |
| Tue, 04 May 2021 | CA$22.4b | CA$20.6b | CA$3.6b | 9.1x |
| Fri, 05 Feb 2021 | CA$14.1b | CA$17.3b | CA$1.9b | 12.4x |
| Mon, 09 Nov 2020 | CA$10.8b | CA$15.6b | CA$802.8m | 11.5x |
| Sun, 02 Aug 2020 | CA$11.1b | CA$14.2b | -CA$141,248,760.59 | 27.3x |
| Wed, 06 May 2020 | CA$7.4b | CA$14.6b | -CA$392,938,614.81 | 23x |
| Sat, 08 Feb 2020 | CA$9.3b | CA$14.7b | -CA$413,908,402.00 | 15.8x |
| Fri, 01 Nov 2019 | CA$10.6b | CA$14.9b | -CA$317,956,305.00 | 15.9x |
| Mon, 05 Aug 2019 | CA$9.3b | CA$16.0b | CA$302.3m | 18.3x |
Median PE Ratio
10.3x
Current Industry PE
- Investors are more pessimistic on the industry, indicating that they anticipate long-term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 3.2x which is lower than its 3-year average PE of 12.6x.
- Given that earnings are expected to decline by 51%, the lower than average PE seems justified.
Past Earnings Growth
- The earnings for companies in the Forest Products industry have grown 91% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Canadian Forestry Products compare with similar industries?
| CA Market | 0.16% | |
| Materials | 1.53% | |
| Paper and Forestry Products | -1.64% | |
| Forestry Products | -1.58% | |
| Paper Products | -4.15% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AEP Atlas Engineered Products | CA$0.55 | 1.9% +CA$592.5k | 89.7% | PS3.8x | |
| BAV.H Bravern Ventures | CA$0.44 | 25.7% +CA$425.5k | 0% | PS-1.2x |