Optimistic Investors Push Western Forest Products Inc. (TSE:WEF) Shares Up 25% But Growth Is Lacking
Jan 17
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Canadian (TSX) Paper and Forestry Products Industry Analysis
UpdatedJan 18, 2026
DataAggregated Company Financials
Companies12
- 7D4.5%
- 3M8.3%
- 1Y-13.3%
- YTD9.8%
In the last week, the Paper and Forestry Products industry is up 4.4%, with West Fraser Timber up 5.5%. However, the industry is down 13% over the past year. As for the next few years, earnings are expected to grow by 36% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 18 Jan 2026 | CA$15.5b | CA$22.4b | -CA$936,949,741.00 | 17.3x | -16.6x | 0.7x |
| Tue, 16 Dec 2025 | CA$13.8b | CA$22.3b | -CA$933,363,661.00 | 16.9x | -14.8x | 0.6x |
| Thu, 13 Nov 2025 | CA$13.5b | CA$22.4b | -CA$855,151,293.00 | 16x | -15.8x | 0.6x |
| Sat, 11 Oct 2025 | CA$14.9b | CA$22.5b | -CA$894,297,123.00 | 20.8x | -16.7x | 0.7x |
| Mon, 08 Sep 2025 | CA$15.6b | CA$22.4b | -CA$892,408,383.00 | 22.6x | -17.5x | 0.7x |
| Wed, 06 Aug 2025 | CA$14.9b | CA$22.4b | -CA$954,371,543.00 | 14.9x | -15.6x | 0.7x |
| Fri, 04 Jul 2025 | CA$15.8b | CA$22.6b | -CA$766,010,423.00 | 16.6x | -20.6x | 0.7x |
| Sun, 01 Jun 2025 | CA$15.3b | CA$22.7b | -CA$766,049,988.00 | 16.7x | -19.9x | 0.7x |
| Tue, 29 Apr 2025 | CA$14.8b | CA$22.8b | -CA$884,227,134.00 | 32.3x | -16.8x | 0.7x |
| Thu, 27 Mar 2025 | CA$16.0b | CA$23.3b | -CA$894,132,074.00 | 14.6x | -17.9x | 0.7x |
| Sat, 22 Feb 2025 | CA$16.2b | CA$23.4b | -CA$949,788,724.00 | 14.5x | -17.1x | 0.7x |
| Mon, 20 Jan 2025 | CA$18.0b | CA$23.7b | -CA$1,213,052,467.00 | 12.3x | -14.8x | 0.8x |
| Wed, 18 Dec 2024 | CA$17.6b | CA$23.6b | -CA$1,211,568,307.00 | 12.4x | -14.5x | 0.7x |
| Fri, 15 Nov 2024 | CA$18.1b | CA$23.5b | -CA$1,208,749,411.00 | 11.9x | -15x | 0.8x |
| Sun, 13 Oct 2024 | CA$20.4b | CA$23.9b | -CA$333,282,661.00 | 14.8x | -61.1x | 0.9x |
| Tue, 10 Sep 2024 | CA$18.1b | CA$23.8b | -CA$336,160,911.00 | 14.8x | -53.8x | 0.8x |
| Thu, 08 Aug 2024 | CA$18.0b | CA$23.9b | -CA$276,248,393.00 | 14.2x | -65x | 0.8x |
| Sat, 06 Jul 2024 | CA$16.8b | CA$23.7b | -CA$492,074,193.00 | 12.2x | -34x | 0.7x |
| Mon, 03 Jun 2024 | CA$17.0b | CA$23.7b | -CA$490,328,388.00 | 11.8x | -34.8x | 0.7x |
| Wed, 01 May 2024 | CA$16.7b | CA$23.8b | -CA$583,400,033.00 | 12.1x | -28.6x | 0.7x |
| Fri, 29 Mar 2024 | CA$18.3b | CA$23.7b | -CA$685,680,673.00 | 12x | -26.6x | 0.8x |
| Sun, 25 Feb 2024 | CA$16.9b | CA$23.8b | -CA$851,508,483.00 | 12.1x | -19.8x | 0.7x |
| Tue, 23 Jan 2024 | CA$18.3b | CA$24.0b | -CA$664,248,974.00 | 10.5x | -27.5x | 0.8x |
| Thu, 21 Dec 2023 | CA$18.3b | CA$23.9b | -CA$663,043,084.00 | 10.3x | -27.6x | 0.8x |
| Sat, 18 Nov 2023 | CA$17.7b | CA$24.2b | -CA$664,809,473.00 | 10.1x | -26.6x | 0.7x |
| Mon, 16 Oct 2023 | CA$15.2b | CA$25.4b | -CA$407,844,750.00 | 10.6x | -37.2x | 0.6x |
| Wed, 13 Sep 2023 | CA$16.1b | CA$25.3b | -CA$407,351,250.00 | 11.5x | -39.5x | 0.6x |
| Fri, 11 Aug 2023 | CA$17.3b | CA$25.2b | -CA$398,761,042.00 | 9.4x | -43.3x | 0.7x |
| Sun, 09 Jul 2023 | CA$18.6b | CA$28.3b | CA$1.6b | 9.5x | 11.6x | 0.7x |
| Tue, 06 Jun 2023 | CA$16.2b | CA$28.4b | CA$1.6b | 8.5x | 10x | 0.6x |
| Thu, 04 May 2023 | CA$16.4b | CA$30.0b | CA$2.9b | 6.6x | 5.8x | 0.5x |
| Sat, 01 Apr 2023 | CA$16.2b | CA$31.9b | CA$4.4b | 5.7x | 3.7x | 0.5x |
| Mon, 27 Feb 2023 | CA$16.9b | CA$32.3b | CA$4.6b | 5.9x | 3.7x | 0.5x |
| Wed, 25 Jan 2023 | CA$17.1b | CA$32.5b | CA$5.3b | 5.3x | 3.2x | 0.5x |
Price to Earnings Ratio
3.2x
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 0.68x.
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 12% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | 1.66% | |
| Materials | 4.41% | |
| Paper and Forestry Products | 4.46% | |
| Forestry Products | 4.47% | |
| Paper Products | 3.17% | |
Industry PE
- Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio.
- 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 36% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Forestry Products industry is expected to see its earnings grow by 36% 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$97.46 | 5.5% +CA$399.6m | -25.2% | PS1x | |
| CFP Canfor | CA$14.31 | 11.0% +CA$165.3m | -8.2% | PS0.3x | |
| IFP Interfor | CA$10.19 | 10.0% +CA$61.2m | -43.1% | PS0.2x | |
| WEF Western Forest Products | CA$13.91 | 17.0% +CA$21.3m | 7.8% | PS0.1x | |
| ADN Acadian Timber | CA$16.50 | 2.2% +CA$6.6m | -3.9% | PE20.3x |
