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CFF

Conifex Timber TSX:CFF Stock Report

Last Price

CA$1.84

Market Cap

CA$73.9m

7D

-0.5%

1Y

-14.0%

Updated

01 Jul, 2022

Data

Company Financials +
CFF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

CFF Stock Overview

Conifex Timber Inc. primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and internationally.

Conifex Timber Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Conifex Timber
Historical stock prices
Current Share PriceCA$1.84
52 Week HighCA$2.28
52 Week LowCA$1.55
Beta1.81
1 Month Change-4.17%
3 Month Change-1.60%
1 Year Change-14.02%
3 Year Change67.27%
5 Year Change-40.84%
Change since IPO-77.96%

Recent News & Updates

Shareholder Returns

CFFCA ForestryCA Market
7D-0.5%1.1%-0.8%
1Y-14.0%-11.1%-5.0%

Return vs Industry: CFF underperformed the Canadian Forestry industry which returned -11.5% over the past year.

Return vs Market: CFF underperformed the Canadian Market which returned -4.7% over the past year.

Price Volatility

Is CFF's price volatile compared to industry and market?
CFF volatility
CFF Average Weekly Movement6.4%
Forestry Industry Average Movement6.4%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: CFF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CFF's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007287Ken Shieldshttps://www.conifex.com

Conifex Timber Inc. primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as by-products or residues, such as trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services. It also develops bioenergy and bio products; and operates a 36 megawatt biomass power generation plant, which produces renewable energy for commercial sale.

Conifex Timber Fundamentals Summary

How do Conifex Timber's earnings and revenue compare to its market cap?
CFF fundamental statistics
Market CapCA$73.87m
Earnings (TTM)CA$34.17m
Revenue (TTM)CA$275.74m

2.2x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CFF income statement (TTM)
RevenueCA$275.74m
Cost of RevenueCA$178.24m
Gross ProfitCA$97.50m
Other ExpensesCA$63.33m
EarningsCA$34.17m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.85
Gross Margin35.36%
Net Profit Margin12.39%
Debt/Equity Ratio44.2%

How did CFF perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CFF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CFF?

Other financial metrics that can be useful for relative valuation.

CFF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA2.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CFF's PE Ratio compare to its peers?

CFF PE Ratio vs Peers
The above table shows the PE ratio for CFF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.8x
AEP Atlas Engineered Products
2.9xn/aCA$24.9m
ADN Acadian Timber
16.4x4.6%CA$279.0m
WEF Western Forest Products
2.5xn/aCA$471.7m
SJ Stella-Jones
9.3x2.7%CA$2.0b
CFF Conifex Timber
2.2xn/aCA$73.9m

Price-To-Earnings vs Peers: CFF is good value based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (7.8x).


Price to Earnings Ratio vs Industry

How does CFF's PE Ratio compare vs other companies in the Global Forestry Industry?

Price-To-Earnings vs Industry: CFF is good value based on its Price-To-Earnings Ratio (2.2x) compared to the Canadian Forestry industry average (2.9x)


Price to Earnings Ratio vs Fair Ratio

What is CFF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CFF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CFF's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CFF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CFF (CA$1.84) is trading below our estimate of fair value (CA$3.5)

Significantly Below Fair Value: CFF is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CFF's PEG Ratio to determine if it is good value.


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Future Growth

How is Conifex Timber forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-15.7%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CFF's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if CFF's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if CFF's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CFF's revenue is expected to decline over the next 3 years (-15.7% per year).

High Growth Revenue: CFF's revenue is forecast to decline over the next 3 years (-15.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CFF's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Conifex Timber performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CFF has high quality earnings.

Growing Profit Margin: CFF's current net profit margins (12.4%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: CFF's earnings have declined by 3.3% per year over the past 5 years.

Accelerating Growth: CFF's earnings growth over the past year (477.5%) exceeds its 5-year average (-3.3% per year).

Earnings vs Industry: CFF earnings growth over the past year (477.5%) exceeded the Forestry industry 74.5%.


Return on Equity

High ROE: CFF's Return on Equity (24.2%) is considered high.


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Financial Health

How is Conifex Timber's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CFF's short term assets (CA$108.1M) exceed its short term liabilities (CA$43.4M).

Long Term Liabilities: CFF's short term assets (CA$108.1M) exceed its long term liabilities (CA$75.7M).


Debt to Equity History and Analysis

Debt Level: CFF's net debt to equity ratio (33.7%) is considered satisfactory.

Reducing Debt: CFF's debt to equity ratio has reduced from 80.5% to 44.2% over the past 5 years.

Debt Coverage: CFF's debt is well covered by operating cash flow (51.1%).

Interest Coverage: CFF's interest payments on its debt are well covered by EBIT (10.9x coverage).


Balance Sheet


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Dividend

What is Conifex Timber current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CFF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CFF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CFF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CFF's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CFF has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

10.2yrs

Average board tenure


CEO

Ken Shields (73 yo)

12yrs

Tenure

CA$1,669,462

Compensation

Mr. Kenneth A. Shields, also known as Ken, serves as Chairman and President at Conifex Timber Inc and has been its Director and Chief Executive Officer since June 3, 2010. He has served as Chairman and Chi...


CEO Compensation Analysis

Compensation vs Market: Ken's total compensation ($USD1.29M) is above average for companies of similar size in the Canadian market ($USD176.25K).

Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: CFF's board of directors are seasoned and experienced ( 10.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Conifex Timber Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Conifex Timber Inc.
  • Ticker: CFF
  • Exchange: TSX
  • Founded: 2007
  • Industry: Forest Products
  • Sector: Materials
  • Implied Market Cap: CA$73.874m
  • Shares outstanding: 40.15m
  • Website: https://www.conifex.com

Number of Employees


Location

  • Conifex Timber Inc.
  • 980-700 West Georgia Street
  • PO Box 10070
  • Vancouver
  • British Columbia
  • V7Y 1B6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.