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CFX

Canfor Pulp ProductsTSX:CFX Stock Report

Market Cap

CA$442.3m

7D

6.4%

1Y

45.5%

Updated

27 Sep, 2021

Data

Company Financials +
CFX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends0/6

CFX Overview

Canfor Pulp Products Inc., together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally.

Canfor Pulp Products Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Canfor Pulp Products
Historical stock prices
Current Share PriceCA$6.78
52 Week HighCA$4.45
52 Week LowCA$11.06
Beta1.89
1 Month Change3.04%
3 Month Change-12.85%
1 Year Change45.49%
3 Year Change-71.83%
5 Year Change-33.92%
Change since IPO-50.40%

Recent News & Updates

Aug 05
Investors Shouldn't Be Too Comfortable With Canfor Pulp Products' (TSE:CFX) Robust Earnings

Investors Shouldn't Be Too Comfortable With Canfor Pulp Products' (TSE:CFX) Robust Earnings

Canfor Pulp Products Inc.'s ( TSE:CFX ) robust earnings report didn't manage to move the market for its stock. We did...

Aug 03
What Does The Future Hold For Canfor Pulp Products Inc. (TSE:CFX)? These Analysts Have Been Cutting Their Estimates

What Does The Future Hold For Canfor Pulp Products Inc. (TSE:CFX)? These Analysts Have Been Cutting Their Estimates

One thing we could say about the analysts on Canfor Pulp Products Inc. ( TSE:CFX ) - they aren't optimistic, having...

Jun 06
Estimating The Intrinsic Value Of Canfor Pulp Products Inc. (TSE:CFX)

Estimating The Intrinsic Value Of Canfor Pulp Products Inc. (TSE:CFX)

Does the June share price for Canfor Pulp Products Inc. ( TSE:CFX ) reflect what it's really worth? Today, we will...

Shareholder Returns

CFXCA ForestryCA Market
7D6.4%6.1%-0.3%
1Y45.5%62.3%30.8%

Return vs Industry: CFX underperformed the Canadian Forestry industry which returned 62.3% over the past year.

Return vs Market: CFX exceeded the Canadian Market which returned 30.8% over the past year.

Price Volatility

Is CFX's price volatile compared to industry and market?
CFX volatility
CFX Beta1.89
Industry Beta1.99
Market Beta1

Stable Share Price: CFX is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CFX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19381,278Don Kaynehttps://www.canfor.com

Canfor Pulp Products Inc., together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached, unbleached, and colored kraft papers.

Canfor Pulp Products Fundamentals Summary

How do Canfor Pulp Products's earnings and revenue compare to its market cap?
CFX fundamental statistics
Market CapCA$442.28m
Earnings (TTM)CA$16.30m
Revenue (TTM)CA$1.06b

27.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CFX income statement (TTM)
RevenueCA$1.06b
Cost of RevenueCA$814.40m
Gross ProfitCA$246.50m
ExpensesCA$230.20m
EarningsCA$16.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin23.23%
Net Profit Margin1.54%
Debt/Equity Ratio8.6%

How did CFX perform over the long term?

See historical performance and comparison

Valuation

Is Canfor Pulp Products undervalued compared to its fair value and its price relative to the market?

27.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CFX (CA$6.58) is trading above our estimate of fair value (CA$4.46)

Significantly Below Fair Value: CFX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CFX is poor value based on its PE Ratio (26.3x) compared to the Canadian Forestry industry average (5.9x).

PE vs Market: CFX is poor value based on its PE Ratio (26.3x) compared to the Canadian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: CFX is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: CFX is good value based on its PB Ratio (0.7x) compared to the CA Forestry industry average (1.2x).


Future Growth

How is Canfor Pulp Products forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

24.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CFX's forecast earnings growth (24.3% per year) is above the savings rate (1.5%).

Earnings vs Market: CFX's earnings (24.3% per year) are forecast to grow faster than the Canadian market (12.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CFX's revenue (3.2% per year) is forecast to grow slower than the Canadian market (6.1% per year).

High Growth Revenue: CFX's revenue (3.2% 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 CFX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Canfor Pulp Products performed over the past 5 years?

-35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CFX has a large one-off gain of CA$31.6M impacting its June 30 2021 financial results.

Growing Profit Margin: CFX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CFX's earnings have declined by 35% per year over the past 5 years.

Accelerating Growth: CFX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CFX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Forestry industry (178.8%).


Return on Equity

High ROE: CFX's Return on Equity (2.8%) is considered low.


Financial Health

How is Canfor Pulp Products's financial position?


Financial Position Analysis

Short Term Liabilities: CFX's short term assets (CA$404.3M) exceed its short term liabilities (CA$166.9M).

Long Term Liabilities: CFX's short term assets (CA$404.3M) exceed its long term liabilities (CA$234.7M).


Debt to Equity History and Analysis

Debt Level: CFX's debt to equity ratio (8.6%) is considered satisfactory.

Reducing Debt: CFX's debt to equity ratio has reduced from 10.9% to 8.6% over the past 5 years.

Debt Coverage: CFX's debt is well covered by operating cash flow (148.2%).

Interest Coverage: Insufficient data to determine if CFX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Canfor Pulp Products's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CFX'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 CFX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: CFX is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CFX'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)

9yrs

Tenure

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...


Leadership Team

Experienced Management: CFX's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: CFX's board of directors are considered experienced (7 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 Pulp Products Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Canfor Pulp Products Inc.
  • Ticker: CFX
  • Exchange: TSX
  • Founded: 1938
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: CA$442.284m
  • Shares outstanding: 65.23m
  • Website: https://www.canfor.com

Number of Employees


Location

  • Canfor Pulp Products Inc.
  • 1700 West 75th Avenue
  • Suite 100
  • Vancouver
  • British Columbia
  • V6P 6G2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:03
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.