Announcement • May 02
Conifex Timber Inc. to Report Q1, 2026 Results on May 15, 2026 Conifex Timber Inc. announced that they will report Q1, 2026 results Pre-Market on May 15, 2026 Announcement • Apr 23
Conifex Timber Inc., Annual General Meeting, Jun 19, 2026 Conifex Timber Inc., Annual General Meeting, Jun 19, 2026. Location: british columbia, vancouver Canada Announcement • Mar 06
Conifex Timber Inc. Announces Successful Restart of Sawmill Conifex Timber Inc. announced that it successfully restarted its sawmill in February. Announcement • Mar 05
Conifex Timber Inc. to Report Q4, 2025 Results on Mar 13, 2026 Conifex Timber Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 13, 2026 Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Charlie Miller was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 01
Price target decreased by 47% to CA$0.40 Down from CA$0.75, the current price target is provided by 1 analyst. New target price is 233% above last closing price of CA$0.12. Stock is down 67% over the past year. The company posted a net loss per share of CA$0.73 last year. Announcement • Nov 28
Conifex Timber Inc. Announces Temporarily Curtail Operations At Its Mackenzie, British Columbia Sawmill Conifex Timber Inc. announced that it will temporarily curtail operations at its Mackenzie, British Columbia sawmill for a planned four-week period commencing December 15, 2025. The curtailment is being implemented in response to, among other things, continued weakness in North American lumber markets. Benchmark Western SPF prices have declined sharply over the past several months due to a slowdown in new residential construction, soft repair-and-remodel activity, elevated interest rates, and the impact of recently increased countervailing and anti-dumping duties on Canadian softwood lumber shipped to the United States. The duty and tariff increases have significantly compressed cash margins across the sector and resulted in operating losses for many producers. Against this backdrop, Conifex believes that temporarily reducing production is the best course of action to minimize operating losses. The curtailment, as planned, is expected to reduce Conifex’s production by approximately 13 million board feet. While near-term market conditions remain challenging, Conifex continues to believe the fundamentals for SPF lumber are positive over the medium and long term. Structural housing undersupply in the United States, an aging housing stock, and improving affordability conditions as interest rates normalize are expected to support a gradual recovery in demand beginning in the second half of 2026. Curtailments across the industry have already driven North American lumber production to its lowest level in a decade, which is expected to help rebalance inventories and support a return to more sustainable pricing. Conifex acknowledges recent federal government announcements on measures intended to support softwood lumber producers affected by elevated duties and tariffs. Reported Earnings • Nov 16
Third quarter 2025 earnings released: CA$0.41 loss per share (vs CA$0.095 loss in 3Q 2024) Third quarter 2025 results: CA$0.41 loss per share (further deteriorated from CA$0.095 loss in 3Q 2024). Revenue: CA$38.2m (up 52% from 3Q 2024). Net loss: CA$16.6m (loss widened 333% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 17 percentage points per year, which is a significant difference in performance. Announcement • Sep 12
Conifex Timber Inc. to Report Q3, 2025 Results on Nov 14, 2025 Conifex Timber Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 14, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released: CA$0.20 loss per share (vs CA$0.24 loss in 2Q 2024) Second quarter 2025 results: CA$0.20 loss per share (improved from CA$0.24 loss in 2Q 2024). Revenue: CA$33.9m (up 6.7% from 2Q 2024). Net loss: CA$8.29m (loss narrowed 15% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
Conifex Timber Inc. to Report Q2, 2025 Results on Aug 14, 2025 Conifex Timber Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025 Reported Earnings • May 13
First quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.11 loss in 1Q 2024) First quarter 2025 results: EPS: CA$0.02 (up from CA$0.11 loss in 1Q 2024). Revenue: CA$44.6m (up 9.5% from 1Q 2024). Net income: CA$628.5k (up CA$5.17m from 1Q 2024). Profit margin: 1.4% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • May 03
Conifex Timber Inc. to Report Q1, 2025 Results on May 12, 2025 Conifex Timber Inc. announced that they will report Q1, 2025 results Pre-Market on May 12, 2025 Announcement • Apr 18
Conifex Timber Inc., Annual General Meeting, Jun 27, 2025 Conifex Timber Inc., Annual General Meeting, Jun 27, 2025. Location: british columbia, vancouver Canada New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (CA$13.0m market cap, or US$9.07m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Mar 14
Full year 2024 earnings released: CA$0.73 loss per share (vs CA$0.77 loss in FY 2023) Full year 2024 results: CA$0.73 loss per share (improved from CA$0.77 loss in FY 2023). Revenue: CA$127.7m (down 9.5% from FY 2023). Net loss: CA$29.8m (loss narrowed 2.8% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Conifex Timber Inc. to Report Q4, 2024 Results on Mar 12, 2025 Conifex Timber Inc. announced that they will report Q4, 2024 results After-Market on Mar 12, 2025 New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (CA$12.0m market cap, or US$8.39m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Dec 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (CA$13.7m market cap, or US$9.50m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Nov 14
Third quarter 2024 earnings released: CA$0.09 loss per share (vs CA$0.20 loss in 3Q 2023) Third quarter 2024 results: CA$0.09 loss per share (improved from CA$0.20 loss in 3Q 2023). Revenue: CA$25.2m (down 35% from 3Q 2023). Net loss: CA$3.84m (loss narrowed 52% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Oct 22
Conifex Timber Inc. to Report Q3, 2024 Results on Nov 12, 2024 Conifex Timber Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: CA$0.24 loss per share (vs CA$0.23 loss in 2Q 2023) Second quarter 2024 results: CA$0.24 loss per share (further deteriorated from CA$0.23 loss in 2Q 2023). Revenue: CA$31.8m (up 17% from 2Q 2023). Net loss: CA$9.74m (loss widened 6.0% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Aug 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$9.05m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Market cap is less than US$10m (CA$12.4m market cap, or US$9.05m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Aug 08
Conifex Timber Inc. to Report Q2, 2024 Results on Aug 13, 2024 Conifex Timber Inc. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 Announcement • Jul 26
Conifex Timber Inc., Annual General Meeting, Sep 25, 2024 Conifex Timber Inc., Annual General Meeting, Sep 25, 2024. Location: british columbia, vancouver Canada Price Target Changed • Jul 24
Price target decreased by 17% to CA$1.25 Down from CA$1.50, the current price target is provided by 1 analyst. New target price is 187% above last closing price of CA$0.43. Stock is down 68% over the past year. The company posted a net loss per share of CA$0.77 last year. New Risk • Jun 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (CA$16.9m market cap, or US$12.3m). Reported Earnings • May 13
First quarter 2024 earnings released: CA$0.11 loss per share (vs CA$0.20 loss in 1Q 2023) First quarter 2024 results: CA$0.11 loss per share (improved from CA$0.20 loss in 1Q 2023). Revenue: CA$40.8m (up 2.1% from 1Q 2023). Net loss: CA$4.54m (loss narrowed 44% from 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Announcement • May 08
Conifex Timber Inc. to Report Q1, 2024 Results on May 09, 2024 Conifex Timber Inc. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: CA$0.77 loss per share (vs CA$0.61 profit in FY 2022) Full year 2023 results: CA$0.77 loss per share (down from CA$0.61 profit in FY 2022). Revenue: CA$141.2m (down 39% from FY 2022). Net loss: CA$30.6m (down 225% from profit in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Mar 21
Conifex Timber Inc. to Report Q4, 2023 Results on Mar 27, 2024 Conifex Timber Inc. announced that they will report Q4, 2023 results After-Market on Mar 27, 2024 New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$20.1m market cap, or US$14.8m). Reported Earnings • Nov 10
Third quarter 2023 earnings released: CA$0.20 loss per share (vs CA$0.023 profit in 3Q 2022) Third quarter 2023 results: CA$0.20 loss per share (down from CA$0.023 profit in 3Q 2022). Revenue: CA$38.7m (down 19% from 3Q 2022). Net loss: CA$8.05m (down CA$8.99m from profit in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Price Target Changed • Oct 19
Price target decreased by 15% to CA$1.50 Down from CA$1.77, the current price target is an average from 3 analysts. New target price is 100% above last closing price of CA$0.75. Stock is down 53% over the past year. The company posted earnings per share of CA$0.61 last year. Announcement • Oct 18
Conifex Timber Inc. to Report Q3, 2023 Results on Nov 07, 2023 Conifex Timber Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Board Change • Aug 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Charlie Miller was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 11
Conifex Timber Inc. Provides Operating Guidance for the Year 2023 Conifex Timber Inc. provided operating guidance for the year 2023. The company expects that the volume of lumber shipments in 2023 will match its sawmill production as the transportation challenges faced in 2022 have largely been resolved. At its Mackenzie Mill, the company expects to see an overall increase in lumber production over 2022, with the expectation of achieving annualized operating rates of approximately 85% for the remaining six months of 2023 on improved sawmill operating rates. Announcement • Jul 06
Conifex Timber Inc. to Report Q2, 2023 Results on Aug 09, 2023 Conifex Timber Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Announcement • May 20
Conifex Timber Inc. Takes Unscheduled Downtime for Four Weeks at Mackenzie Lumber Production Facility Conifex Timber Inc. announced that it has made the difficult decision to take unscheduled downtime for four weeks at its Mackenzie, British Columbia sawmill commencing June 5, 2023. It is anticipated that the unscheduled downtime will impact production capacity by approximately 16 million board feet. The downtime is necessitated by the low water levels forecasted in the Williston Reservoir negatively impacting Conifex’s ability to safely and efficiently utilize its reservoir assets and reduced demand for lumber products amid challenging economic conditions. Conifex intends to utilize the production downtime to complete critical maintenance activities at its sawmill. Conifex expects to resume normal lumber production operations in July 2023, but will closely monitor market conditions and adjust production plans accordingly. Conifex’s power plant operation will remain unaffected. Reported Earnings • May 10
First quarter 2023 earnings released: CA$0.20 loss per share (vs CA$0.28 profit in 1Q 2022) First quarter 2023 results: CA$0.20 loss per share (down from CA$0.28 profit in 1Q 2022). Revenue: CA$39.9m (down 44% from 1Q 2022). Net loss: CA$8.06m (down 170% from profit in 1Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.8% growth forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • May 10
Conifex Timber Inc. Promotes Andrew McLellan to President and Chief Operating Officer Conifex Timber Inc. announced that Andrew McLellan has been promoted to president and chief operating officer. As President, Andrew will lead the company business units and pursue value-added opportunities in fibre procurement, lumber manufacturing and marketing, green power generation, and other complementary businesses. Andrew retains responsibility for forest sustainability, safety, and environmental compliance, and will continue to report to Ken Shields, Chairman and CEO. Andrew has over 25 years of experience in various leadership roles within Canada and internationally in a variety of industries including energy, oil and gas, manufacturing, and forestry. Prior to joining the company in 2016, Andrew served as Vice-President and Co-Founder of a successful engineering and project management consulting firm focused on developing clean and renewable energy projects. Andrew is a Registered Professional Forester and member of the Forest Professionals BC and began his forestry career in Prince George, BC in 1997 with Northwood Pulp and Timber which was later acquired by Canfor Corp. in 1999. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Charlie Miller was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 02
Conifex Timber Inc. Announces Resumption of Power Plant Operations Conifex Timber Inc. announced that it has successfully recommissioned operations at its power plant in Mackenzie, British Columbia and began producing electricity at normalized rates following the previously disclosed disruption caused by damage to the power plant's turbine. Announcement • Feb 01
Conifex Timber Inc. to Report Q4, 2022 Results on Mar 08, 2023 Conifex Timber Inc. announced that they will report Q4, 2022 results After-Market on Mar 08, 2023 Price Target Changed • Jan 11
Price target decreased to CA$1.83 Down from CA$2.02, the current price target is an average from 3 analysts. New target price is 18% above last closing price of CA$1.56. Stock is down 29% over the past year. The company posted earnings per share of CA$0.60 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Charlie Miller was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
Conifex Timber Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 Conifex Timber Inc. provided earnings guidance for the fourth quarter of 2022. The company anticipates results for the fourth quarter to be comparable to the results achieved in the third quarter. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: CA$0.02 (vs CA$0.019 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.02 (up from CA$0.019 loss in 3Q 2021). Revenue: CA$47.7m (flat on 3Q 2021). Net income: CA$941.2k (up CA$1.79m from 3Q 2021). Profit margin: 2.0% (up from net loss in 3Q 2021). Revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 2.0% decline forecast for the Forestry industry in Canada. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 25
Price target decreased to CA$2.02 Down from CA$2.50, the current price target is an average from 3 analysts. New target price is 28% above last closing price of CA$1.58. Stock is down 12% over the past year. The company posted earnings per share of CA$0.60 last year. Board Change • Oct 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Charlie Miller was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 08
Conifex Timber Inc. to Report Q3, 2022 Results on Nov 08, 2022 Conifex Timber Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Announcement • Jul 16
Conifex Timber Inc. Announces Delayed Restart At Power Facility Conifex Timber Inc. announced a delay in the resumption of operations at its power plant in Mackenzie, British Columbia following the previously disclosed dispatch period. In the course of annual maintenance of the power plant, damage to the plant's turbine has been discovered. The boiler, generator and other long lead-time equipment have not been impacted. Conifex is working with its contractors to assess the damages and the required work plan. Until such assessment and plan are completed, there can be no assurance as to when the power plant will recommence operations, however Conifex does not currently anticipate the power plant to be operational during the third quarter of 2022. The delayed operational restart at the power facility is not expected to impact sawmill operations or Conifex's power plant employees. Conifex maintains property and business interruption insurance for the power plant and expects the property damage and business interruption will be covered by such insurance, subject to customary deductibles and limits. Announcement • Jul 08
Conifex Timber Inc. to Report Q2, 2022 Results on Aug 09, 2022 Conifex Timber Inc. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022 Announcement • Jun 22
Conifex Timber Inc. Declares a One-Time Special Cash Dividend, Payable on or Before August 8, 2022 Conifex Timber Inc. announced that board of directors declared a one-time special cash dividend of $0.20 per share, which will be paid on or before August 8, 2022 to shareholders of record on July 15, 2022. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: CA$0.28 (vs CA$0.096 in 1Q 2021) First quarter 2022 results: EPS: CA$0.28 (up from CA$0.096 in 1Q 2021). Revenue: CA$71.8m (up 54% from 1Q 2021). Net income: CA$11.4m (up 156% from 1Q 2021). Profit margin: 16% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 13% while the industry in Canada is not expected to grow. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Charlie Miller was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Conifex Timber Inc., Annual General Meeting, Jun 21, 2022 Conifex Timber Inc., Annual General Meeting, Jun 21, 2022. Announcement • Apr 12
Conifex Timber Inc. to Report Q1, 2022 Results on May 10, 2022 Conifex Timber Inc. announced that they will report Q1, 2022 results After-Market on May 10, 2022 Price Target Changed • Apr 11
Price target decreased to CA$2.75 Down from CA$3.00, the current price target is provided by 1 analyst. New target price is 50% above last closing price of CA$1.83. Stock is down 23% over the past year. The company posted earnings per share of CA$0.60 last year. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$0.60 (up from CA$0.14 loss in FY 2020). Revenue: CA$250.5m (up 95% from FY 2020). Net income: CA$27.2m (up CA$34.0m from FY 2020). Profit margin: 11% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 16% compared to a 5.0% decline forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Conifex Timber Inc. to Report Q4, 2021 Results on Mar 08, 2022 Conifex Timber Inc. announced that they will report Q4, 2021 results After-Market on Mar 08, 2022 Reported Earnings • Nov 12
Third quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.042 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CA$47.6m (up 27% from 3Q 2020). Net loss: CA$851.1k (down 143% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 19% share price gain to CA$2.12, the stock trades at a trailing P/E ratio of 2.7x. Average forward P/E is 6x in the Forestry industry in Canada. Total loss to shareholders of 25% over the past three years. Price Target Changed • Oct 21
Price target decreased to CA$2.83 Down from CA$3.20, the current price target is an average from 2 analysts. New target price is 47% above last closing price of CA$1.93. Stock is up 62% over the past year. The company posted a net loss per share of CA$0.14 last year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 19% share price gain to CA$1.92, the stock trades at a trailing P/E ratio of 2.6x. Average forward P/E is 5x in the Forestry industry in Canada. Total loss to shareholders of 62% over the past three years. Price Target Changed • Aug 12
Price target decreased to CA$3.20 Down from CA$3.70, the current price target is provided by 1 analyst. New target price is 71% above last closing price of CA$1.87. Stock is up 75% over the past year. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS CA$0.56 (vs CA$0.057 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$96.5m (up CA$85.7m from 2Q 2020). Net income: CA$26.1m (up CA$28.8m from 2Q 2020). Profit margin: 27% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CA$1.75, the stock trades at a trailing P/E ratio of 13.9x. Average forward P/E is 4x in the Forestry industry in Canada. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CA$2.31, the stock trades at a trailing P/E ratio of 18.2x. Average forward P/E is 5x in the Forestry industry in Canada. Total loss to shareholders of 61% over the past three years. Reported Earnings • May 13
First quarter 2021 earnings released: EPS CA$0.10 (vs CA$0.17 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$46.6m (up 53% from 1Q 2020). Net income: CA$4.47m (up CA$12.7m from 1Q 2020). Profit margin: 9.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 14
Price target increased to CA$3.00 Up from CA$2.70, the current price target is provided by 1 analyst. New target price is 23% above last closing price of CA$2.44. Stock is up 419% over the past year. Price Target Changed • Apr 06
Price target increased to CA$2.70 Up from CA$2.50, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CA$2.24. Stock is up 460% over the past year. Announcement • Mar 03
Conifex Timber Inc. Names Winny Tang as Chief Financial Officer, Effective March 16, 2021 Conifex Timber Inc. announced that Winny Tang, CPA, CA, CGA, has been appointed to the role of Chief Financial Officer, effective March 16th, 2021. Winny began her career at a big four accounting firm and joined Conifex in 2013 where she has led various finance functions in her role as Financial Controller. The company is pleased to welcome Winny to the role and thank Jordan Neeser for his contributions to Conifex. Announcement • Dec 19
Conifex Timber Inc. to Report Q4, 2020 Results on Mar 02, 2021 Conifex Timber Inc. announced that they will report Q4, 2020 results After-Market on Mar 02, 2021 Is New 90 Day High Low • Nov 27
New 90-day high: CA$1.53 The company is up 6.0% from its price of CA$1.45 on 28 August 2020. The Canadian market is also up 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Forestry industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$3.77 per share. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS CA$0.039 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CA$37.6m (down 42% from 3Q 2019). Net income: CA$1.97m (up CA$18.7m from 3Q 2019). Profit margin: 5.2% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 23
Price target raised to CA$1.78 Up from CA$1.62, the current price target is provided by 1 analyst. The new target price is 55% above the current share price of CA$1.15. As of last close, the stock is up 135% over the past year. Announcement • Oct 14
Conifex Timber Inc. to Report Q3, 2020 Results on Nov 10, 2020 Conifex Timber Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 10, 2020 Price Target Changed • Sep 24
Price target raised to CA$1.70 Up from CA$1.47, the current price target is an average from 2 analysts. The new target price is 48% above the current share price of CA$1.15. As of last close, the stock is up 67% over the past year. Announcement • Jul 17
Conifex Timber Inc. to Report Q2, 2020 Results on Aug 12, 2020 Conifex Timber Inc. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Aug 12, 2020 Announcement • Jun 29
Conifex Timber Inc. Plans to Recommence Operations Following its Temporary Curtailment at its Mackenzie, British Columbia Further to its previous news release, Conifex Timber Inc. plans to recommence operations following its temporary curtailment at its Mackenzie, British Columbia sawmill on July 6, 2020 on a two-shift, five day per week basis.