Conifex Timber Inc. (TSE:CFF) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
May 24
Canadian (TSX) Paper and Forestry Products Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies12
- 7D-1.9%
- 3M-1.1%
- 1Y9.9%
- YTD-2.3%
The Paper and Forestry Products industry is up 2.3% in the last week, with Stella-Jones up 2.3%. This means that the industry has gained 9.6% over the past year. Earnings are forecast to grow by 32% 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, 29 May 2024 | CA$17.7b | CA$23.8b | -CA$490,490,388.00 | 12.1x | -36.2x | 0.7x |
| Fri, 26 Apr 2024 | CA$16.9b | CA$23.8b | -CA$582,458,633.00 | 12x | -29x | 0.7x |
| Sun, 24 Mar 2024 | CA$18.2b | CA$23.7b | -CA$681,632,433.00 | 11.9x | -26.7x | 0.8x |
| Tue, 20 Feb 2024 | CA$17.3b | CA$23.8b | -CA$845,347,834.00 | 12.3x | -20.4x | 0.7x |
| Thu, 18 Jan 2024 | CA$18.1b | CA$24.0b | -CA$664,579,604.00 | 10.6x | -27.2x | 0.8x |
| Sat, 16 Dec 2023 | CA$17.0b | CA$23.9b | -CA$663,140,454.00 | 10.4x | -25.6x | 0.7x |
| Mon, 13 Nov 2023 | CA$17.0b | CA$24.2b | -CA$684,609,503.00 | 10.2x | -24.8x | 0.7x |
| Wed, 11 Oct 2023 | CA$15.6b | CA$25.3b | -CA$407,451,750.00 | 10.8x | -38.2x | 0.6x |
| Fri, 08 Sep 2023 | CA$16.2b | CA$25.4b | -CA$407,984,750.00 | 10.7x | -39.8x | 0.6x |
| Sun, 06 Aug 2023 | CA$17.5b | CA$25.2b | -CA$357,632,137.00 | 9.5x | -48.9x | 0.7x |
| Tue, 04 Jul 2023 | CA$18.9b | CA$28.3b | CA$1.6b | 8.9x | 11.7x | 0.7x |
| Thu, 01 Jun 2023 | CA$16.1b | CA$28.5b | CA$1.6b | 8.9x | 9.9x | 0.6x |
| Sat, 29 Apr 2023 | CA$16.1b | CA$29.9b | CA$2.8b | 6.2x | 5.7x | 0.5x |
| Mon, 27 Mar 2023 | CA$16.0b | CA$32.1b | CA$4.4b | 5.5x | 3.6x | 0.5x |
| Wed, 22 Feb 2023 | CA$16.7b | CA$32.2b | CA$4.6b | 5.8x | 3.6x | 0.5x |
| Fri, 20 Jan 2023 | CA$16.1b | CA$32.6b | CA$5.3b | 5.3x | 3x | 0.5x |
| Sun, 18 Dec 2022 | CA$16.4b | CA$32.8b | CA$5.4b | 4.5x | 3.1x | 0.5x |
| Tue, 15 Nov 2022 | CA$17.6b | CA$32.4b | CA$5.3b | 3.9x | 3.3x | 0.5x |
| Thu, 13 Oct 2022 | CA$16.5b | CA$32.6b | CA$5.9b | 3.7x | 2.8x | 0.5x |
| Sat, 10 Sep 2022 | CA$18.4b | CA$31.8b | CA$5.7b | 3.8x | 3.2x | 0.6x |
| Mon, 08 Aug 2022 | CA$19.1b | CA$31.5b | CA$5.7b | 3.4x | 3.4x | 0.6x |
| Wed, 06 Jul 2022 | CA$16.4b | CA$32.9b | CA$7.2b | 3x | 2.3x | 0.5x |
| Fri, 03 Jun 2022 | CA$20.4b | CA$32.4b | CA$7.1b | 3.6x | 2.9x | 0.6x |
| Sun, 01 May 2022 | CA$20.7b | CA$31.6b | CA$6.9b | 4.3x | 3x | 0.7x |
| Tue, 29 Mar 2022 | CA$20.8b | CA$30.3b | CA$6.3b | 4.7x | 3.3x | 0.7x |
| Thu, 24 Feb 2022 | CA$23.4b | CA$30.3b | CA$6.8b | 8x | 3.4x | 0.8x |
| Sat, 22 Jan 2022 | CA$22.3b | CA$29.5b | CA$6.8b | 7x | 3.3x | 0.8x |
| Mon, 20 Dec 2021 | CA$22.3b | CA$29.8b | CA$6.9b | 5.8x | 3.2x | 0.7x |
| Wed, 17 Nov 2021 | CA$20.9b | CA$29.4b | CA$6.8b | 6.2x | 3.1x | 0.7x |
| Fri, 15 Oct 2021 | CA$22.8b | CA$27.8b | CA$6.6b | 5.8x | 3.5x | 0.8x |
| Sun, 12 Sep 2021 | CA$21.2b | CA$27.9b | CA$6.6b | 6.3x | 3.2x | 0.8x |
| Tue, 10 Aug 2021 | CA$20.1b | CA$27.9b | CA$6.6b | 6.3x | 3x | 0.7x |
Price to Earnings Ratio
6.3x
Current Industry PE
- Investors are optimistic on the Canadian Forestry industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- Total earnings for the Forestry industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 2.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | -1.01% | |
| Materials | -1.97% | |
| Paper and Forestry Products | -1.85% | |
| Paper Products | 2.31% | |
| Forestry Products | -1.90% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 145% over the next 5 years.
- This is better than its past earnings decline of 64% per year.
- In contrast, the Forestry Products industry is expected to see its earnings grow by 31% 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 | |
|---|---|---|---|---|---|
| SJ Stella-Jones | CA$84.58 | 0.9% +CA$44.2m | 40.6% | PE14x | |
| CFX Canfor Pulp Products | CA$1.63 | 5.2% +CA$5.2m | -17.7% | PS0.1x | |
| CFF Conifex Timber | CA$0.57 | 14.0% +CA$2.8m | -52.5% | PS0.2x | |
| AEP Atlas Engineered Products | CA$1.45 | 2.1% +CA$1.8m | 43.6% | PE27.4x |
