Narrative Update • Jun 02
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- 7D4.3%
- 3M-4.0%
- 1Y-4.7%
- YTD2.6%
In the last week, the Paper and Forestry Products industry is up 4.3%, with West Fraser Timber up 5.1%. In contrast, the industry has lost 4.7% in the last 12 months. Looking forward, earnings are forecast to grow by 51% annually.
Industry Valuation and Performance
Has the Canadian Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | CA$14.6b | CA$20.7b | -CA$2,743,451,701.00 | 11x | -5.3x | 0.7x |
| Fri, 01 May 2026 | CA$14.0b | CA$20.8b | -CA$2,542,778,565.00 | 10.4x | -5.5x | 0.7x |
| Sun, 29 Mar 2026 | CA$14.9b | CA$21.1b | -CA$2,258,311,245.00 | 11.3x | -6.6x | 0.7x |
| Tue, 24 Feb 2026 | CA$15.6b | CA$21.7b | -CA$1,916,455,865.00 | 11.3x | -8.1x | 0.7x |
| Thu, 22 Jan 2026 | CA$15.4b | CA$22.3b | -CA$934,869,021.00 | 17.3x | -16.5x | 0.7x |
| Sat, 20 Dec 2025 | CA$13.9b | CA$22.3b | -CA$934,077,901.00 | 16.5x | -14.9x | 0.6x |
| Mon, 17 Nov 2025 | CA$13.8b | CA$22.4b | -CA$868,453,133.00 | 15.9x | -15.9x | 0.6x |
| Wed, 15 Oct 2025 | CA$14.6b | CA$22.5b | -CA$894,822,543.00 | 20.8x | -16.3x | 0.6x |
| Fri, 12 Sep 2025 | CA$15.5b | CA$22.4b | -CA$892,170,243.00 | 22.2x | -17.3x | 0.7x |
| Sun, 10 Aug 2025 | CA$15.0b | CA$22.4b | -CA$891,704,683.00 | 17.9x | -16.8x | 0.7x |
| Tue, 08 Jul 2025 | CA$15.7b | CA$22.6b | -CA$765,993,443.00 | 16.7x | -20.5x | 0.7x |
| Thu, 05 Jun 2025 | CA$15.2b | CA$22.6b | -CA$766,058,748.00 | 16.9x | -19.9x | 0.7x |
| Sat, 03 May 2025 | CA$14.9b | CA$22.8b | -CA$885,587,373.00 | 14.3x | -16.8x | 0.7x |
| Mon, 31 Mar 2025 | CA$15.7b | CA$23.3b | -CA$894,149,024.00 | 14.5x | -17.5x | 0.7x |
| Wed, 26 Feb 2025 | CA$16.1b | CA$23.4b | -CA$949,830,324.00 | 14.3x | -17x | 0.7x |
| Fri, 24 Jan 2025 | CA$18.1b | CA$23.7b | -CA$1,212,173,107.00 | 12.7x | -15x | 0.8x |
| Sun, 22 Dec 2024 | CA$17.2b | CA$23.6b | -CA$1,212,129,907.00 | 12.2x | -14.2x | 0.7x |
| Tue, 19 Nov 2024 | CA$18.1b | CA$23.5b | -CA$1,209,039,331.00 | 12.1x | -15x | 0.8x |
| Thu, 17 Oct 2024 | CA$19.8b | CA$23.9b | -CA$333,447,961.00 | 14.4x | -59.5x | 0.8x |
| Sat, 14 Sep 2024 | CA$18.3b | CA$23.8b | -CA$335,762,161.00 | 14.9x | -54.4x | 0.8x |
| Mon, 12 Aug 2024 | CA$17.8b | CA$23.9b | -CA$328,333,241.00 | 14.3x | -54.3x | 0.7x |
| Wed, 10 Jul 2024 | CA$16.6b | CA$23.7b | -CA$492,079,593.00 | 12.3x | -33.7x | 0.7x |
| Fri, 07 Jun 2024 | CA$17.1b | CA$23.8b | -CA$492,268,324.00 | 12.2x | -34.6x | 0.7x |
| Sun, 05 May 2024 | CA$16.4b | CA$23.8b | -CA$488,711,633.00 | 11.5x | -33.7x | 0.7x |
| Tue, 02 Apr 2024 | CA$18.1b | CA$23.7b | -CA$686,185,013.00 | 11.9x | -26.4x | 0.8x |
| Thu, 29 Feb 2024 | CA$17.3b | CA$23.9b | -CA$852,692,513.00 | 12.6x | -20.3x | 0.7x |
| Sat, 27 Jan 2024 | CA$17.8b | CA$24.0b | -CA$663,864,844.00 | 10.9x | -26.8x | 0.7x |
| Mon, 25 Dec 2023 | CA$18.2b | CA$23.9b | -CA$661,869,294.00 | 10.5x | -27.5x | 0.8x |
| Wed, 22 Nov 2023 | CA$17.6b | CA$24.2b | -CA$664,918,613.00 | 10.1x | -26.5x | 0.7x |
| Fri, 20 Oct 2023 | CA$15.7b | CA$25.4b | -CA$408,133,250.00 | 10.4x | -38.4x | 0.6x |
| Sun, 17 Sep 2023 | CA$16.5b | CA$25.3b | -CA$407,184,250.00 | 11.6x | -40.5x | 0.7x |
| Tue, 15 Aug 2023 | CA$17.2b | CA$25.2b | -CA$405,131,642.00 | 8.4x | -42.5x | 0.7x |
| Thu, 13 Jul 2023 | CA$19.1b | CA$28.2b | CA$1.6b | 9.8x | 11.9x | 0.7x |
| Sat, 10 Jun 2023 | CA$17.0b | CA$28.3b | CA$1.6b | 8.4x | 10.5x | 0.6x |
Price to Earnings Ratio
10.5x
Current Industry PE
- Investors are relatively neutral on the Canadian Forestry industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- Total earnings for the Forestry industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 10.0% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | 1.07% | |
| Materials | 2.75% | |
| Paper and Forestry Products | 4.34% | |
| Forestry Products | 4.35% | |
| Paper Products | 1.96% | |
Industry PE
- Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio of 1.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Forestry Products industry, expecting annual earnings growth of 51% over the next 5 years.
- However this is lower than its past earnings growth rate of 71% per year.
- In contrast, the Forestry Products industry is expected to see its earnings grow by 51% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WFG West Fraser Timber | CA$92.74 | 5.1% +CA$353.2m | -8.0% | PS1x | |
| CFP Canfor | CA$13.62 | 7.4% +CA$110.3m | 1.9% | PS0.3x | |
| IFP Interfor | CA$10.77 | 10.7% +CA$68.4m | -15.3% | PS0.3x | |
| SJ Stella-Jones | CA$77.37 | 1.5% +CA$61.1m | 1.6% | PE13.9x | |
| WEF Western Forest Products | CA$15.98 | 8.6% +CA$13.4m | 29.9% | PS0.2x |