Canfor Future Growth

Future criteria checks 4/6

Canfor is forecast to grow earnings and revenue by 70.5% and 6.1% per annum respectively. EPS is expected to grow by 75.5% per annum. Return on equity is forecast to be 12.6% in 3 years.

Key information

70.5%

Earnings growth rate

75.54%

EPS growth rate

Forestry earnings growth	49.3%
Revenue growth rate	6.1%
Future return on equity	12.63%
Analyst coverage	Good
Last updated	11 May 2026

Recent future growth updates

Recent updates

Analysis Article • Jan 03

Analysts Have Made A Financial Statement On Canfor Corporation's (TSE:CFP) Full-Year Report

Canfor Corporation ( TSE:CFP ) shareholders are probably feeling a little disappointed, since its shares fell 4.5% to...

Analysis Article • Oct 09

Canfor (TSE:CFP) Has Debt But No Earnings; Should You Worry?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Analysis Article • Sep 12

Canfor Corporation (TSE:CFP) Shares Could Be 40% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Canfor is CA$30.95 based on 2 Stage Free Cash Flow to Equity Canfor's...

Analysis Article • Jul 03

Canfor (TSE:CFP) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Analysis Article • Jun 06

Is Canfor Corporation (TSE:CFP) Trading At A 33% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Canfor fair value estimate is CA$29.06 Canfor's CA$19.39 share...

Analysis Article • May 07

Canfor Corporation (TSE:CFP) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

It's been a good week for Canfor Corporation ( TSE:CFP ) shareholders, because the company has just released its latest...

Analysis Article • Aug 30

When Should You Buy Canfor Corporation (TSE:CFP)?

Canfor Corporation ( TSE:CFP ), is not the largest company out there, but it led the TSX gainers with a relatively...

Analysis Article • Jan 26

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...

Analysis Article • Dec 29

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...

Analysis Article • Dec 12

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...

Earnings and Revenue Growth Forecasts

TSX:CFP - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	6,428	362	N/A	847	1
12/31/2027	5,747	178	-104	376	6
12/31/2026	5,569	-214	-180	237	5
3/31/2026	5,281	-838	-169	63	N/A
12/31/2025	5,339	-797	-219	70	N/A
9/30/2025	5,342	-469	-250	99	N/A
6/30/2025	5,286	-647	-294	133	N/A
3/31/2025	5,288	-635	-361	185	N/A
12/31/2024	5,253	-669	-353	174	N/A
9/30/2024	5,250	-723	-485	78	N/A
6/30/2024	5,359	-396	-407	232	N/A
3/31/2024	5,424	-249	-311	300	N/A
12/31/2023	5,427	-326	-432	155	N/A
9/30/2023	5,517	-417	-582	110	N/A
6/30/2023	5,871	-306	-549	89	N/A
3/31/2023	6,598	111	-27	583	N/A
12/31/2022	7,427	787	488	1,113	N/A
9/30/2022	7,625	972	739	1,262	N/A
6/30/2022	7,635	1,095	985	1,498	N/A
3/31/2022	7,957	1,448	1,451	1,909	N/A
12/31/2021	7,685	1,342	1,487	1,915	N/A
9/30/2021	7,732	1,700	1,832	2,179	N/A
6/30/2021	7,605	1,708	1,940	2,182	N/A
3/31/2021	6,226	1,042	1,177	1,391	N/A
12/31/2020	5,454	544	872	1,074	N/A
9/30/2020	4,942	170	663	840	N/A
6/30/2020	4,483	-137	205	436	N/A
3/31/2020	4,680	-246	62	343	N/A
12/31/2019	4,658	-263	N/A	201	N/A
9/30/2019	4,581	-276	N/A	-33	N/A
6/30/2019	4,813	-62	N/A	150	N/A
3/31/2019	4,960	156	N/A	315	N/A
12/31/2018	5,044	355	N/A	536	N/A
9/30/2018	5,172	539	N/A	800	N/A
6/30/2018	4,992	480	N/A	726	N/A
3/31/2018	4,692	392	N/A	610	N/A
12/31/2017	4,563	345	N/A	610	N/A
9/30/2017	4,451	252	N/A	615	N/A
6/30/2017	4,410	236	N/A	636	N/A
3/31/2017	4,272	191	N/A	606	N/A
12/31/2016	4,235	151	N/A	584	N/A
9/30/2016	4,244	115	N/A	458	N/A
6/30/2016	4,133	46	N/A	369	N/A
3/31/2016	4,063	21	N/A	272	N/A
12/31/2015	3,925	25	N/A	255	N/A
9/30/2015	3,733	53	N/A	330	N/A
6/30/2015	3,581	116	N/A	390	N/A

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 (3%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: CFP's revenue (6.1% per year) is forecast to grow faster than the Canadian market (5.2% per year).

High Growth Revenue: CFP's revenue (6.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CFP's Return on Equity is forecast to be low in 3 years time (12.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/14 16:17
End of Day Share Price	2026/05/14 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Canfor Corporation is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ketan Mamtora	BMO Capital Markets Equity Research
Hamir Patel	CIBC Capital Markets
Pierre Lacroix	Desjardins Securities Inc.

Canfor Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%, revenue upgraded

Price target decreased by 7.7% to CA$15.43

Consensus EPS estimates fall by 16%, revenue upgraded

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 16%, revenue upgraded

Canfor Corporation Provides Production Guidance for Third and Fourth Quarter of 2025

Recent updates

First quarter 2026 earnings: EPS and revenues exceed analyst expectations

Canfor Corporation (TSX:CFP) completed the acquisition of remaining 45.20% stake in Canfor Pulp Products Inc. (TSX:CFX).

Consensus EPS estimates fall by 13%, revenue upgraded

Now 20% undervalued

Canfor Corporation, Annual General Meeting, May 06, 2026

Canfor Corporation's (TSE:CFP) P/S Still Appears To Be Reasonable

Canfor Corporation (TSX:CFP) entered into an arrangement agreement to acquire remaining 45.20% stake in Canfor Pulp Products Inc. (TSX:CFX) for CAD 14.7 million.

Price target decreased by 7.7% to CA$15.43

Consensus EPS estimates fall by 16%, revenue upgraded

Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 12%

US Southeast Modernization And Swedish Sawmill Will Transform Timber Demand

Canfor Corporation Announces Its Decision to Permanently Close the Estill and Darlington Sawmills in South Carolina, Effective August 2025

Is Canfor (TSE:CFP) A Risky Investment?

Consensus EPS estimates fall by 16%, revenue upgraded

Canfor Corporation Approves Election of Cheryl Yaremko as Director

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Canfor Corporation Provides Production Guidance for Third and Fourth Quarter of 2025

Consensus EPS estimates fall by 18%

Consensus EPS estimates fall by 27%

Price target decreased by 8.1% to CA$17.86

Consensus EPS estimates upgraded to CA$0.90 loss

President & Chief Executive Officer recently bought CA$887k worth of stock

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Canfor Corporation, Annual General Meeting, May 08, 2025

Canfor Corporation (TSX:CFP) acquired an additional 7% stake in VIDA AB.

Canfor Corporation to Reduce Production at Southern US Operations

Canfor Corporation Announces Chief Executive Officer Changes

Canfor Corporation Announces Permanent Closure of Polar Sawmill and Suspension of Planned Reinvestment in Houston, B.C

Canfor Corporation Announces Permanently Closing Its Jackson Facility

Is Canfor (TSE:CFP) A Risky Investment?

Consensus EPS estimates fall by 22%

Consensus EPS estimates fall by 1,358%

Analysts Have Made A Financial Statement On Canfor Corporation's (TSE:CFP) Full-Year Report

Full year 2023 earnings: EPS misses analyst expectations

Canfor Corporation, Annual General Meeting, May 01, 2024

Canfor Corporation Announces to Curtail Operations at its Polar Sawmill Located in Bear Lake British Columbia

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 9.8% to CA$26.17

Canfor (TSE:CFP) Has Debt But No Earnings; Should You Worry?

Canfor Corporation (TSE:CFP) Shares Could Be 40% Below Their Intrinsic Value Estimate

Now 23% undervalued

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Canfor (TSE:CFP) Seems To Use Debt Quite Sensibly

Is Canfor Corporation (TSE:CFP) Trading At A 33% Discount?

Consensus EPS estimates fall by 157%, revenue upgraded

Canfor Corporation (TSE:CFP) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Canfor Corporation Elects Santhe Dahl as Director

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates upgraded to CA$0.13 loss, revenue downgraded

Canfor Corporation, Annual General Meeting, May 03, 2023

Canfor Corporation Restructures B.C. Operations

Canfor Extending Temporary Curtailments in B.C

Price target decreased to CA$31.15

Canfor Corporation Reducing Production Capacity in British Columbia Through End of 2022

When Should You Buy Canfor Corporation (TSE:CFP)?

Canfor Provides Update on Operating Schedules for Western Canadian Sawmills

Canfor Corporation (TSX:CFP) acquired Solid Wood Operations and Associated Tenure of Millar Western Forest Products Ltd. for CAD 420 million.

Canfor Corporation Announces Capacity Reduction At Plateau Sawmill

Canfor Corporation Announces Executive Changes

These 4 Measures Indicate That Canfor (TSE:CFP) Is Using Debt Safely

Price target increased to CA$43.67

Here's Why We Think Canfor (TSE:CFP) Is Well Worth Watching

Canfor Corporation (TSX:CFP) entered into an agreement to acquire Solid Wood Operations and Associated Tenure of Millar Western Forest Products Ltd. for CAD 420 million.

Returns on Capital Paint A Bright Future For Canfor (TSE:CFP)

Third quarter 2021 earnings released: EPS CA$1.68 (vs CA$1.74 in 3Q 2020)

Investor sentiment deteriorated over the past week

Chief Executive Officer at Vida Group recently sold CA$1.5m worth of stock

Consensus forecasts updated