Executive Summary
Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally.
Snowflake Analysis
Mediocre balance sheet and overvalued.
Similar Companies
Share Price & News
How has Interfor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IFP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.8%
IFP
-4.5%
CA Forestry
3.0%
CA Market
1 Year Return
-63.8%
IFP
-54.8%
CA Forestry
-24.5%
CA Market
Return vs Industry: IFP underperformed the Canadian Forestry industry which returned -54.8% over the past year.
Return vs Market: IFP underperformed the Canadian Market which returned -24.5% over the past year.
Shareholder returns
| IFP | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -4.5% | 3.0% |
| 30 Day | -49.3% | -43.1% | -21.2% |
| 90 Day | -56.0% | -44.2% | -24.4% |
| 1 Year | -63.8%-63.8% | -53.8%-54.8% | -22.0%-24.5% |
| 3 Year | -67.2%-67.2% | -52.2%-55.7% | -13.9%-21.9% |
| 5 Year | -65.2%-65.2% | -50.5%-54.5% | -2.0%-16.6% |
Price Volatility Vs. Market
How volatile is Interfor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Ian Fillinger Is The President of Interfor Corporation (TSE:IFP) And They Just Spent CA$127k On Shares3 weeks ago | Simply Wall St
Simon Luxmoore Just Bought Shares In Interfor Corporation (TSE:IFP)1 month ago | Simply Wall St
How Many Interfor Corporation (TSE:IFP) Shares Do Institutions Own?Valuation
Is Interfor undervalued compared to its fair value and its price relative to the market?
0.49x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: IFP (CA$6.07) is trading above our estimate of fair value (CA$2.95)
Significantly Below Fair Value: IFP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IFP is unprofitable, so we can't compare its PE Ratio to the Forestry industry average.
PE vs Market: IFP 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 IFP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IFP is good value based on its PB Ratio (0.5x) compared to the CA Forestry industry average (0.6x).
Next Steps
Future Growth
How is Interfor forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
45.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IFP is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: IFP is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: IFP is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: IFP's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: IFP's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IFP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Interfor performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFP is currently unprofitable.
Growing Profit Margin: IFP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IFP is unprofitable, but has reduced losses over the past 5 years at a rate of 8.4% per year.
Accelerating Growth: Unable to compare IFP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IFP is unprofitable, making it difficult to compare its past year earnings growth to the Forestry industry (4.5%).
Return on Equity
High ROE: IFP has a negative Return on Equity (-12.49%), as it is currently unprofitable.
Next Steps
Financial Health
How is Interfor's financial position?
Financial Position Analysis
Short Term Liabilities: IFP's short term assets (CA$325.5M) exceed its short term liabilities (CA$137.6M).
Long Term Liabilities: IFP's short term assets (CA$325.5M) do not cover its long term liabilities (CA$373.3M).
Debt to Equity History and Analysis
Debt Level: IFP's debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: IFP's debt to equity ratio has reduced from 34.9% to 31.3% over the past 5 years.
Balance Sheet
Inventory Level: IFP has a high level of physical assets or inventory.
Debt Coverage by Assets: IFP's debt is covered by short term assets (assets are 1.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: IFP has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: IFP has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Interfor's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IFP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IFP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IFP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IFP'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 IFP'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?
2.2yrs
Average management tenure
CEO
Ian Fillinger (50yo)
0.25
Tenure
CA$1,038,371
Compensation
Mr. Ian M. Fillinger has been President, Chief Executive Officer and Director of Interfor Corporation (also known as International Forest Products Ltd) since January 1, 2020. Mr. Fillinger was Chief Operat ...
CEO Compensation Analysis
Compensation vs Market: Ian's total compensation ($USD734.72K) is about average for companies of similar size in the Canadian market ($USD777.11K).
Compensation vs Earnings: Ian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.25yr | CA$1.04m | 0.080% CA$327.0k | |
| Senior VP & CFO | 2.17yrs | CA$1.04m | 0.082% CA$335.1k | |
| Senior Vice President of Sales & Marketing | 5yrs | CA$893.83k | 0.046% CA$188.2k | |
| Senior VP of Human Resources & IT | 2.17yrs | CA$699.67k | 0.013% CA$52.8k | |
| 0.25yr | CA$2.92m | no data | ||
| General Counsel & Corporate Secretary | 4.58yrs | no data | 0.0089% CA$36.2k | |
| VP & Chief Forester | 18.25yrs | no data | no data |
2.2yrs
Average Tenure
52.5yo
Average Age
Experienced Management: IFP's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.25yr | CA$1.04m | 0.080% CA$327.0k | |
| Independent Director | 4.17yrs | CA$147.00k | 0.022% CA$91.0k | |
| Independent Director | 1.92yrs | CA$132.00k | no data | |
| Independent Director | 13.5yrs | CA$133.00k | no data | |
| Independent Director | 13yrs | CA$126.00k | 0.025% CA$103.2k | |
| Independent Director | 13.17yrs | CA$137.00k | 0.022% CA$91.0k | |
| Independent Chairman of the Board | 12.25yrs | CA$252.00k | 0.51% CA$2.1m | |
| Independent Director | 3.5yrs | CA$141.00k | no data | |
| Independent Director | 5.92yrs | CA$141.00k | no data | |
| Independent Director | 0.92yr | CA$93.11k | no data |
5.0yrs
Average Tenure
65.5yo
Average Age
Experienced Board: IFP's board of directors are considered experienced (5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IFP 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
Interfor Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Interfor Corporation
- Ticker: IFP
- Exchange: TSX
- Founded: 1930
- Industry: Forest Products
- Sector: Materials
- Market Cap: CA$408.268m
- Shares outstanding: 67.26m
- Website: https://www.interfor.com
Number of Employees
Location
- Interfor Corporation
- 1055 Dunsmuir Street
- Suite 3500
- Vancouver
- British Columbia
- V7X 1H7
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IFP | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Jan 1976 |
| IFSP.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 1976 |
| 8IF1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1976 |
Biography
Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors. It also provides wood chips. The company was formerly known as International Forest Products Limited and changed its name to Interfor Corporation in May 2014. Interfor Corporation was founded in 1930 and is headquartered in Vancouver, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 04:58 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| 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.