Western Forest Products Past Earnings Performance
Past criteria checks 0/6
Western Forest Products's earnings have been declining at an average annual rate of -66.6%, while the Forestry industry saw earnings declining at 14.7% annually. Revenues have been declining at an average rate of 8.4% per year.
Key information
-66.57%
Earnings growth rate
-65.35%
EPS growth rate
| Forestry Industry Growth | 30.54% |
| Revenue growth rate | -8.40% |
| Return on equity | -25.06% |
| Net Margin | -12.22% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
WEF: Updated Margin Views And Discount Rate Will Shape Future Earnings Multiple
Analysts have lifted their average price target on Western Forest Products by CA$7.50, citing recent Street research that reflects updated views on the company, supported by revised assumptions for the discount rate, profit margin and future P/E. Analyst Commentary Recent Street research on Western Forest Products points to updated views on valuation that are being shaped by refreshed assumptions for discount rates, profit margins and future P/E levels.WEF: Lower Discount Rate And New Price Views Will Support Firmer Earnings Multiple
Analysts have raised their average price target for Western Forest Products by CA$7.50, citing recent target increases from TD Securities and Scotiabank as support for this revision. Analyst Commentary Recent target changes suggest analysts are reassessing Western Forest Products' risk and reward profile, with the latest CA$2 and CA$5.50 target moves contributing to a higher average price target.WEF: Lower Discount Rate And Firmer Margins Will Support Higher Future Earnings Multiple
Narrative Update Analysts have lifted their price target on Western Forest Products by CA$2 to CA$15.13, citing modest shifts in discount rate assumptions, slightly higher projected profit margin, and a small adjustment to the future P/E multiple. Analyst Commentary Recent price target revisions on Western Forest Products provide a snapshot of how research desks are thinking about valuation, execution risk, and potential growth.
Kiln Capacity Expansion And Specialty Products Will Transform Long Term Earnings Power
Catalysts About Western Forest Products Western Forest Products is a North American wood products company focused on coastal timberlands, lumber manufacturing and value added wood products. What are the underlying business or industry changes driving this perspective?WEF: Refined Assumptions Will Balance Lower Production And Reduced Perceived Risk
Analysts have increased their CA$14.75 fair value estimate for Western Forest Products to CA$15.13, citing updated price targets from TD Securities and Scotiabank, along with modest adjustments to discount rate, profit margin, and future P/E assumptions. Analyst Commentary Recent research updates point to a tighter range of fair value estimates for Western Forest Products, with fresh price targets feeding directly into the revised CA$15.13 valuation.
Higher Lumber Duties And Weak Demand Will Pressure Margins And Limit Earnings Recovery
Catalysts About Western Forest Products Western Forest Products is an integrated forest products company focused on harvesting, processing and selling lumber and related wood products, including specialty and engineered products. What are the underlying business or industry changes driving this perspective?WEF: Updated Fair Value Assumptions Will Balance Lower Output And Reduced Risk
Analysts have raised their CA$ price target on Western Forest Products by CA$14.15, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E following recent research from major Canadian banks. Analyst Commentary Bullish Takeaways Bullish analysts are lifting their CA$ price targets, which signals greater confidence in their updated fair value assumptions for Western Forest Products.Optimistic Investors Push Western Forest Products Inc. (TSE:WEF) Shares Up 25% But Growth Is Lacking
Western Forest Products Inc. ( TSE:WEF ) shares have had a really impressive month, gaining 25% after a shaky period...Calculating The Intrinsic Value Of Western Forest Products Inc. (TSE:WEF)
Key Insights The projected fair value for Western Forest Products is CA$15.69 based on 2 Stage Free Cash Flow to Equity...We Think Shareholders May Want To Consider A Review Of Western Forest Products Inc.'s (TSE:WEF) CEO Compensation Package
Key Insights Western Forest Products to hold its Annual General Meeting on 7th of May Total pay for CEO J. Hofer...
New Dry Kiln And AI Will Optimize Timber Operations
Operational enhancements and strategic investments in new technologies are set to boost efficiency, reduce costs, and increase earnings.Is Western Forest Products (TSE:WEF) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Revenues Tell The Story For Western Forest Products Inc. (TSE:WEF)
There wouldn't be many who think Western Forest Products Inc.'s ( TSE:WEF ) price-to-sales (or "P/S") ratio of 0.2x is...Western Forest Products' (TSE:WEF) Dividend Will Be CA$0.0125
The board of Western Forest Products Inc. ( TSE:WEF ) has announced that it will pay a dividend of CA$0.0125 per share...Western Forest Products (TSE:WEF) Is Due To Pay A Dividend Of CA$0.0125
The board of Western Forest Products Inc. ( TSE:WEF ) has announced that it will pay a dividend of CA$0.0125 per share...Western Forest Products (TSE:WEF) Has Announced A Dividend Of CA$0.0125
Western Forest Products Inc. ( TSE:WEF ) has announced that it will pay a dividend of CA$0.0125 per share on the 16th...Revenue & Expenses Breakdown
How Western Forest Products makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 926 | -113 | 97 | 0 |
| 31 Dec 25 | 987 | -80 | 102 | 0 |
| 30 Sep 25 | 1,058 | -64 | 108 | 0 |
| 30 Jun 25 | 1,067 | -22 | 110 | 0 |
| 31 Mar 25 | 1,087 | -9 | 113 | 0 |
| 31 Dec 24 | 1,064 | -30 | 112 | 0 |
| 30 Sep 24 | 1,037 | -44 | 112 | 0 |
| 30 Jun 24 | 1,027 | -42 | 110 | 0 |
| 31 Mar 24 | 993 | -59 | 111 | 0 |
| 31 Dec 23 | 1,018 | -68 | 119 | 0 |
| 30 Sep 23 | 1,062 | -76 | 122 | 0 |
| 30 Jun 23 | 1,187 | -52 | 133 | 0 |
| 31 Mar 23 | 1,348 | 7 | 143 | 0 |
| 31 Dec 22 | 1,444 | 62 | 147 | 0 |
| 30 Sep 22 | 1,481 | 111 | 152 | 0 |
| 30 Jun 22 | 1,478 | 146 | 151 | 0 |
| 31 Mar 22 | 1,455 | 186 | 154 | 0 |
| 31 Dec 21 | 1,418 | 201 | 152 | 0 |
| 30 Sep 21 | 1,409 | 207 | 153 | 0 |
| 30 Jun 21 | 1,346 | 177 | 151 | 0 |
| 31 Mar 21 | 1,188 | 108 | 135 | 0 |
| 31 Dec 20 | 965 | 33 | 111 | 0 |
| 30 Sep 20 | 726 | -30 | 89 | 0 |
| 30 Jun 20 | 577 | -60 | 70 | 0 |
| 31 Mar 20 | 631 | -69 | 77 | 0 |
| 31 Dec 19 | 808 | -46 | 96 | 0 |
| 30 Sep 19 | 1,012 | -12 | 115 | 0 |
| 30 Jun 19 | 1,163 | 22 | 128 | 0 |
| 31 Mar 19 | 1,181 | 49 | 125 | 0 |
| 31 Dec 18 | 1,197 | 69 | 123 | 0 |
| 30 Sep 18 | 1,195 | 83 | 122 | 0 |
| 30 Jun 18 | 1,188 | 81 | 129 | 0 |
| 31 Mar 18 | 1,147 | 80 | 132 | 0 |
| 31 Dec 17 | 1,143 | 74 | 137 | 0 |
| 30 Sep 17 | 1,153 | 92 | 139 | 0 |
| 30 Jun 17 | 1,191 | 95 | 136 | 0 |
| 31 Mar 17 | 1,205 | 93 | 132 | 0 |
| 31 Dec 16 | 1,187 | 94 | 126 | 0 |
| 30 Sep 16 | 1,160 | 68 | 119 | 0 |
| 30 Jun 16 | 1,116 | 68 | 115 | 0 |
| 31 Mar 16 | 1,103 | 63 | 114 | 0 |
| 31 Dec 15 | 1,082 | 65 | 112 | 0 |
| 30 Sep 15 | 1,049 | 68 | 109 | 0 |
| 30 Jun 15 | 1,033 | 53 | 112 | 0 |
Quality Earnings: WEF is currently unprofitable.
Growing Profit Margin: WEF is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WEF is unprofitable, and losses have increased over the past 5 years at a rate of 66.6% per year.
Accelerating Growth: Unable to compare WEF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WEF is unprofitable, making it difficult to compare its past year earnings growth to the Forestry industry (-10.2%).
Return on Equity
High ROE: WEF has a negative Return on Equity (-25.06%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 22:23 |
| End of Day Share Price | 2026/06/02 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Western Forest Products Inc. is covered by 5 analysts. 3 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 |
|---|---|
| Mark Kennedy | CIBC Capital Markets |
| Daryl Swetlishoff | Raymond James Ltd. |
| Matthew McKellar | RBC Capital Markets |