Narrative Update • Jun 17
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- 7D5.8%
- 3M9.4%
- 1Y0.9%
- YTD9.4%
Over the last 7 days, the Paper and Forestry Products industry has risen 5.8%, driven by gains from West Fraser Timber of 8.1%. Overall in the last year, the industry is flat. 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 |
|---|---|---|---|---|---|---|
| Thu, 18 Jun 2026 | CA$15.3b | CA$20.8b | -CA$2,774,353,861.00 | 11.5x | -5.5x | 0.7x |
| Sat, 16 May 2026 | CA$13.2b | CA$20.7b | -CA$2,692,785,935.00 | 10.6x | -4.9x | 0.6x |
| Mon, 13 Apr 2026 | CA$14.6b | CA$21.1b | -CA$2,254,001,045.00 | 10.8x | -6.5x | 0.7x |
| Wed, 11 Mar 2026 | CA$15.1b | CA$21.6b | -CA$2,370,790,055.00 | 11.5x | -6.4x | 0.7x |
| Fri, 06 Feb 2026 | CA$17.0b | CA$22.2b | -CA$931,272,885.00 | 17.8x | -18.3x | 0.8x |
| Sun, 04 Jan 2026 | CA$14.1b | CA$22.2b | -CA$932,433,661.00 | 16.6x | -15.2x | 0.6x |
| Tue, 02 Dec 2025 | CA$14.2b | CA$22.4b | -CA$939,075,101.00 | 16.5x | -15.1x | 0.6x |
| Thu, 30 Oct 2025 | CA$14.1b | CA$22.3b | -CA$1,063,783,743.00 | 19.1x | -13.2x | 0.6x |
| Sat, 27 Sep 2025 | CA$14.3b | CA$22.5b | -CA$893,476,863.00 | 22x | -16x | 0.6x |
| Mon, 25 Aug 2025 | CA$15.6b | CA$22.4b | -CA$890,713,799.00 | 23x | -17.5x | 0.7x |
| Wed, 23 Jul 2025 | CA$15.4b | CA$22.6b | -CA$766,005,823.00 | 16.8x | -20x | 0.7x |
| Fri, 20 Jun 2025 | CA$15.3b | CA$22.7b | -CA$766,055,268.00 | 16.5x | -20x | 0.7x |
| Sun, 18 May 2025 | CA$15.6b | CA$22.8b | -CA$766,145,913.00 | 16.5x | -20.4x | 0.7x |
| Tue, 15 Apr 2025 | CA$15.0b | CA$23.0b | -CA$893,927,074.00 | 13.9x | -16.8x | 0.7x |
| Thu, 13 Mar 2025 | CA$15.8b | CA$23.5b | -CA$883,962,224.00 | 14.1x | -17.9x | 0.7x |
| Sat, 08 Feb 2025 | CA$17.0b | CA$23.6b | -CA$1,211,270,707.00 | 12x | -14.1x | 0.7x |
| Mon, 06 Jan 2025 | CA$17.8b | CA$23.7b | -CA$1,212,861,427.00 | 12.7x | -14.7x | 0.8x |
| Wed, 04 Dec 2024 | CA$18.5b | CA$23.5b | -CA$1,209,224,947.00 | 12.6x | -15.3x | 0.8x |
| Fri, 01 Nov 2024 | CA$19.1b | CA$23.5b | -CA$1,118,088,811.00 | 11.8x | -17.1x | 0.8x |
| Sun, 29 Sep 2024 | CA$19.2b | CA$23.7b | -CA$336,833,711.00 | 13.9x | -57x | 0.8x |
| Tue, 27 Aug 2024 | CA$18.4b | CA$23.7b | -CA$337,347,751.00 | 14.7x | -54.6x | 0.8x |
| Thu, 25 Jul 2024 | CA$17.7b | CA$23.9b | -CA$493,697,793.00 | 12.9x | -35.9x | 0.7x |
| Sat, 22 Jun 2024 | CA$16.9b | CA$23.8b | -CA$492,509,524.00 | 12x | -34.4x | 0.7x |
| Mon, 20 May 2024 | CA$17.3b | CA$23.7b | -CA$490,175,388.00 | 12x | -35.3x | 0.7x |
| Wed, 17 Apr 2024 | CA$17.0b | CA$23.9b | -CA$690,254,803.00 | 12x | -24.6x | 0.7x |
| Fri, 15 Mar 2024 | CA$17.2b | CA$23.7b | -CA$684,569,403.00 | 11.2x | -25.2x | 0.7x |
| Sun, 11 Feb 2024 | CA$17.2b | CA$24.0b | -CA$771,254,084.00 | 12.4x | -22.2x | 0.7x |
| Tue, 09 Jan 2024 | CA$18.3b | CA$23.9b | -CA$662,886,864.00 | 11.1x | -27.5x | 0.8x |
| Thu, 07 Dec 2023 | CA$17.3b | CA$24.1b | -CA$665,435,604.00 | 9.8x | -26.1x | 0.7x |
| Sat, 04 Nov 2023 | CA$16.7b | CA$24.3b | -CA$640,641,900.00 | 10.4x | -26.1x | 0.7x |
| Mon, 02 Oct 2023 | CA$16.1b | CA$25.3b | -CA$407,466,250.00 | 10.8x | -39.6x | 0.6x |
| Wed, 30 Aug 2023 | CA$17.1b | CA$25.3b | -CA$406,096,868.00 | 8.9x | -42.1x | 0.7x |
| Fri, 28 Jul 2023 | CA$18.9b | CA$28.2b | CA$1.6b | 9.8x | 11.8x | 0.7x |
| Sun, 25 Jun 2023 | CA$17.6b | CA$28.2b | CA$1.6b | 8.7x | 11x | 0.6x |
Price to Earnings Ratio
11x
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 9.6% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | 2.79% | |
| Materials | 13.40% | |
| Paper and Forestry Products | 5.76% | |
| Forestry Products | 5.78% | |
| Paper Products | 2.60% | |
Industry PE
- Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio of 1.7x.
- 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$99.42 | 8.1% +CA$584.9m | -2.0% | PS1x | |
| IFP Interfor | CA$11.82 | 11.4% +CA$79.6m | -8.4% | PS0.3x | |
| SJ Stella-Jones | CA$82.15 | 1.7% +CA$76.9m | 8.5% | PE14.7x | |
| CFP Canfor | CA$14.13 | 4.1% +CA$65.7m | 0.9% | PS0.3x | |
| WEF Western Forest Products | CA$18.58 | 12.6% +CA$22.0m | 54.8% | PS0.2x |