Executive Summary
Canfor Corporation operates as an integrated forest products company in the United States, Canada, Europe, Asia, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Canfor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CFP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.7%
CFP
-0.5%
CA Forestry
1.0%
CA Market
1 Year Return
69.2%
CFP
26.4%
CA Forestry
-4.7%
CA Market
Return vs Industry: CFP exceeded the Canadian Forestry industry which returned 24.2% over the past year.
Return vs Market: CFP exceeded the Canadian Market which returned -6.3% over the past year.
Shareholder returns
| CFP | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -0.5% | 1.0% |
| 30 Day | 30.4% | 26.8% | 5.2% |
| 90 Day | 69.0% | 56.2% | 11.1% |
| 1 Year | 69.2%69.2% | 28.9%26.4% | -1.3%-4.7% |
| 3 Year | -25.9%-25.9% | -8.4%-14.8% | 10.0%-0.6% |
| 5 Year | -27.7%-27.7% | 10.2%1.6% | 31.0%11.0% |
Price Volatility Vs. Market
How volatile is Canfor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
What Does Canfor Corporation’s (TSE:CFP) 8.6% ROCE Say About The Business?1 year ago | Simply Wall St
Is It Time To Consider Buying Canfor Corporation (TSE:CFP)?1 year ago | Simply Wall St
How Canfor Corporation (TSE:CFP) Can Impact Your Portfolio VolatilityValuation
Is Canfor undervalued compared to its fair value and its price relative to the market?
1.18x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: CFP (CA$15.98) is trading above our estimate of fair value (CA$7.01)
Significantly Below Fair Value: CFP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CFP is unprofitable, so we can't compare its PE Ratio to the XN Forestry industry average.
PE vs Market: CFP is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CFP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CFP's PB Ratio (1.2x) is in line with the CA Forestry industry average.
Next Steps
Future Growth
How is Canfor forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
67.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CFP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CFP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CFP's is expected to become profitable in the next 3 years.
Revenue vs Market: CFP's revenue (9.7% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: CFP's revenue (9.7% per year) is forecast to grow slower than 20% 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
Next Steps
Past Performance
How has Canfor performed over the past 5 years?
-18.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CFP is currently unprofitable.
Growing Profit Margin: CFP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CFP is unprofitable, and losses have increased over the past 5 years at a rate of 18.5% per year.
Accelerating Growth: Unable to compare CFP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CFP is unprofitable, making it difficult to compare its past year earnings growth to the Forestry industry (-14.1%).
Return on Equity
High ROE: CFP has a negative Return on Equity (-7.21%), as it is currently unprofitable.
Next Steps
Financial Health
How is Canfor's financial position?
Financial Position Analysis
Short Term Liabilities: CFP's short term assets (CA$1.4B) exceed its short term liabilities (CA$896.2M).
Long Term Liabilities: CFP's short term assets (CA$1.4B) do not cover its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: CFP's debt to equity ratio (48%) is considered high.
Reducing Debt: CFP's debt to equity ratio has increased from 22.7% to 48% over the past 5 years.
Debt Coverage: CFP's debt is well covered by operating cash flow (42.8%).
Interest Coverage: Insufficient data to determine if CFP's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Canfor current dividend yield, its reliability and sustainability?
0.94%
Forecast Dividend Yield
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?
5.1yrs
Average management tenure
CEO
Don Kayne (62 yo)
9.25yrs
Tenure
CA$1,089,375
Compensation
Mr. Donald B. Kayne, also known as Don, has been the Chief Executive Officer of Canfor Pulp Products Inc., since September 30, 2012 and serves as its Director since 2017. Mr. Kayne has been the Chief Execu ...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD813.38K) is below average for companies of similar size in the Canadian market ($USD2.03M).
Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.25yrs | CA$1.09m | 0.017% CA$ 334.0k | |
| CFO and Executive VP of Finance & Canfor Pulp Operations | 9.25yrs | CA$761.87k | no data | |
| Senior VP of Corporate Development & Legal Affairs and Corporate Secretary | 9.25yrs | CA$726.09k | no data | |
| Senior Vice President of Sales & Marketing | 2.58yrs | CA$774.69k | 0.000020% CA$ 400.2 | |
| President of Canfor Southern Pine | 5.5yrs | CA$728.97k | no data | |
| Senior Vice President of Corporate Finance & Sustainability | 2.33yrs | no data | no data | |
| Vice President People & Communications | 2.42yrs | no data | no data | |
| Senior Vice President of Global Supply Chain | 9.25yrs | CA$1.35m | 0.0040% CA$ 80.8k | |
| Executive Vice President of North American Operations | 4.75yrs | CA$1.33m | 0.0019% CA$ 38.6k | |
| Chief Executive Officer at Vida Group | 1.58yrs | no data | 0.040% CA$ 799.0k | |
| Vice President of Pulp & Paper Sales and Marketing-Canfor Pulp Products Inc. | no data | no data | no data |
5.1yrs
Average Tenure
Experienced Management: CFP's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.25yrs | CA$1.09m | 0.017% CA$ 334.0k | |
| Independent Director | 9.25yrs | CA$141.00k | 0.016% CA$ 319.6k | |
| Non Independent Director | 11.25yrs | CA$133.33k | 0.0016% CA$ 32.0k | |
| Independent Director | 0.33yr | no data | 0.016% CA$ 319.6k | |
| Independent Chairman of the Board | 3yrs | CA$316.00k | 0.024% CA$ 479.4k | |
| Independent Director | 0.33yr | no data | no data | |
| Independent Director | 1.25yrs | CA$144.75k | 1.01% CA$ 20.2m | |
| Independent Director | 11.25yrs | CA$143.83k | 0.0040% CA$ 79.8k | |
| Non Independent Director | 3.33yrs | CA$145.00k | no data | |
| Independent Director | 4.33yrs | CA$174.00k | 0.014% CA$ 282.5k | |
| Independent Director | 2.33yrs | CA$186.33k | no data | |
| Independent Director | 2.17yrs | CA$116.25k | no data |
3.2yrs
Average Tenure
62yo
Average Age
Experienced Board: CFP's board of directors are considered experienced (3.2 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
Canfor Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Canfor Corporation
- Ticker: CFP
- Exchange: TSX
- Founded: 1938
- Industry: Forest Products
- Sector: Materials
- Market Cap: CA$2.001b
- Shares outstanding: 125.22m
- Website: https://www.canfor.com
Number of Employees
Location
- Canfor Corporation
- 100-1700 West 75th Avenue
- Vancouver
- British Columbia
- V6P 6G2
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CFP | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 1983 |
| NKC | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1983 |
| CFPZ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 1983 |
Biography
Canfor Corporation operates as an integrated forest products company in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company ma ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/04 23:46 |
| End of Day Share Price | 2020/08/04 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.