| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
CFP Stock Overview
Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally.
Canfor Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$28.25 |
| 52 Week High | CA$35.53 |
| 52 Week Low | CA$22.46 |
| Beta | 1.93 |
| 1 Month Change | -3.49% |
| 3 Month Change | 5.65% |
| 1 Year Change | 16.06% |
| 3 Year Change | 57.03% |
| 5 Year Change | 100.21% |
| Change since IPO | 117.31% |
Recent News & Updates
These 4 Measures Indicate That Canfor (TSE:CFP) Is Using Debt Safely
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Here's Why We Think Canfor (TSE:CFP) Is Well Worth Watching
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Returns on Capital Paint A Bright Future For Canfor (TSE:CFP)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Shareholder Returns
| CFP | CA Forestry | CA Market | |
|---|---|---|---|
| 7D | -12.0% | -6.9% | -2.9% |
| 1Y | 16.1% | 22.1% | 16.1% |
Return vs Industry: CFP underperformed the Canadian Forestry industry which returned 21.4% over the past year.
Return vs Market: CFP exceeded the Canadian Market which returned 15% over the past year.
Price Volatility
| CFP volatility | |
|---|---|
| CFP Average Weekly Movement | 5.6% |
| Forestry Industry Average Movement | 5.9% |
| Market Average Movement | 9.8% |
| 10% most volatile stocks in CA Market | 17.3% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: CFP is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CFP's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1966 | 7,111 | Don Kayne | https://www.canfor.com |
Canfor Corporation operates as an integrated forest products company in Canada, Asia, the United States, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells finger-jointed lumber, higher-grade MSR lumber, premium one-inch boards, engineered wood products, wood chips, wood pellets, logs, strength-rated trusses, beams, and tongue-and-groove timber, as well as generates green energy.
Canfor Fundamentals Summary
| CFP fundamental statistics | |
|---|---|
| Market Cap | CA$3.52b |
| Earnings (TTM) | CA$1.70b |
| Revenue (TTM) | CA$7.73b |
2.1x
P/E Ratio0.5x
P/S RatioIs CFP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CFP income statement (TTM) | |
|---|---|
| Revenue | CA$7.73b |
| Cost of Revenue | CA$4.10b |
| Gross Profit | CA$3.63b |
| Expenses | CA$1.93b |
| Earnings | CA$1.70b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 13.66 |
| Gross Margin | 46.91% |
| Net Profit Margin | 21.99% |
| Debt/Equity Ratio | 6.6% |
How did CFP perform over the long term?
See historical performance and comparisonValuation
Is Canfor undervalued compared to its fair value and its price relative to the market?
40.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CFP (CA$28.25) is trading below our estimate of fair value (CA$47.36)
Significantly Below Fair Value: CFP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CFP is good value based on its PE Ratio (2.1x) compared to the Canadian Forestry industry average (6.8x).
PE vs Market: CFP is good value based on its PE Ratio (2.1x) compared to the Canadian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: CFP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CFP is good value based on its PB Ratio (1x) compared to the CA Forestry industry average (1.2x).
Future Growth
How is Canfor forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-63.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CFP's earnings are forecast to decline over the next 3 years (-63% per year).
Earnings vs Market: CFP's earnings are forecast to decline over the next 3 years (-63% per year).
High Growth Earnings: CFP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CFP's revenue is expected to decline over the next 3 years (-8.8% per year).
High Growth Revenue: CFP's revenue is forecast to decline over the next 3 years (-8.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CFP's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Canfor performed over the past 5 years?
33.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CFP has high quality earnings.
Growing Profit Margin: CFP's current net profit margins (22%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: CFP's earnings have grown significantly by 33.9% per year over the past 5 years.
Accelerating Growth: CFP's earnings growth over the past year (901.9%) exceeds its 5-year average (33.9% per year).
Earnings vs Industry: CFP earnings growth over the past year (901.9%) exceeded the Forestry industry 172.7%.
Return on Equity
High ROE: CFP's Return on Equity (45.4%) is considered outstanding.
Financial Health
How is Canfor's financial position?
Financial Position Analysis
Short Term Liabilities: CFP's short term assets (CA$3.2B) exceed its short term liabilities (CA$1.2B).
Long Term Liabilities: CFP's short term assets (CA$3.2B) exceed its long term liabilities (CA$1.1B).
Debt to Equity History and Analysis
Debt Level: CFP has more cash than its total debt.
Reducing Debt: CFP's debt to equity ratio has reduced from 32% to 6.6% over the past 5 years.
Debt Coverage: CFP's debt is well covered by operating cash flow (808%).
Interest Coverage: CFP's interest payments on its debt are well covered by EBIT (299.6x coverage).
Balance Sheet
Dividend
What is Canfor current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CFP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CFP'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 CFP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CFP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CFP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Don Kayne (63 yo)
10.67yrs
Tenure
CA$2,454,190
Compensation
Mr. Donald B. Kayne, also known as Don, has been the Chief Executive Officer of Canfor Pulp Products Inc. since September 30, 2012 and has been its Director since 2017. Mr. Kayne has been the President and...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD1.94M) is below average for companies of similar size in the Canadian market ($USD2.85M).
Compensation vs Earnings: Don's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: CFP's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: CFP's board of directors are considered experienced (5.4 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
Canfor Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Canfor Corporation
- Ticker: CFP
- Exchange: TSX
- Founded: 1966
- Industry: Forest Products
- Sector: Materials
- Implied Market Cap: CA$3.517b
- Shares outstanding: 124.49m
- Website: https://www.canfor.com
Number of Employees
Location
- Canfor Corporation
- 100-1700 West 75th Avenue
- Vancouver
- British Columbia
- V6P 6G2
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 00:58 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.