West Fraser Timber Management
Management criteria checks 4/4
West Fraser Timber's CEO is Sean McLaren, appointed in Jan 2024, has a tenure of 2.33 years. total yearly compensation is $2.99M, comprised of 30.4% salary and 69.6% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth CA$2.66M. The average tenure of the management team and the board of directors is 4.8 years and 5.3 years respectively.
Key information
Sean McLaren
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 30.45% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.04% |
| Management average tenure | 4.8yrs |
| Board average tenure | 5.3yrs |
Recent management updates
Recent updates
Narrative Update • Apr 23
WFG: New Buyback Authorization Will Support Future Share Price Upside
Analysts have reduced their average price target on West Fraser Timber by about CA$2.48, citing recent downgrades and target cuts that reflect slightly higher discount rates and marginally lower assumed future P/E multiples in their models. Analyst Commentary Recent Street research on West Fraser Timber has focused on recalibrating expectations, with commentators updating models to reflect higher discount rates and slightly lower assumed future P/E multiples.Narrative Update • Apr 09
WFG: Rating Upgrade And New Buyback Plan Will Support Future Upside
Analysts have raised their price target on West Fraser Timber, supported by a higher CA$ fair value estimate based on slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent research points to a more constructive stance on West Fraser Timber, reflected in an upgraded rating and a higher fair value estimate that feeds directly into the revised price target.Narrative Update • Mar 26
WFG: Upgrade And Buyback Plan Will Support Future Upside Potential
Analysts have adjusted their assumptions on the discount rate, long term revenue growth, margin profile and future P/E for West Fraser Timber, leading to a refreshed price target of about CA$108.74, which you can use as a reference point for your own valuation work. Analyst Commentary Bullish Takeaways Bullish analysts point to the recent upgrade as a signal that execution expectations have improved, which supports the refreshed price target of about CA$108.74 as a reasonable reference point for your own models.Narrative Update • Mar 09
WFG: Upgraded Outlook And Impairment Test Will Support Future Upside Potential
Analysts have trimmed their price target on West Fraser Timber to about CA$109 from roughly CA$110. This reflects slightly more cautious assumptions on fair value, revenue growth and profit margins, partly offset by a modestly higher expected future P/E multiple following the recent upgrade in Street research coverage.Narrative Update • Feb 23
WFG: Impairment Charge And Upgraded Outlook Will Support Future Upside Potential
Analysts have lifted their price target on West Fraser Timber from about CA$107.92 to roughly CA$110.49, citing updated assumptions around revenue growth, profit margins, a slightly lower discount rate, and recent positive research attention on the stock. Analyst Commentary Recent research attention on West Fraser Timber has focused on how updated assumptions feed into the company’s valuation, with some analysts taking a more constructive view on the risk and reward profile.Narrative Update • Feb 09
WFG: Impairment And Upgraded Expectations Will Shape Future Earnings Resilience
Analysts have raised their price target on West Fraser Timber to US$107.92 from US$103.73, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts link the higher US$107.92 price target to updated assumptions around revenue growth and profit margins, which they view as better aligned with the company’s current execution.Narrative Update • Jan 26
WFG: Mill Closures And Impairment Will Shape Future Earnings Resilience
Narrative Update: West Fraser Timber Analysts have nudged their price target for West Fraser Timber higher to reflect modest tweaks to the discount rate and long term assumptions, while keeping fair value broadly aligned with updated expectations for a slightly richer future P/E multiple. Analyst Commentary Recent Street research around West Fraser Timber has been relatively limited in detail, but the latest upgrade suggests shifting sentiment among some coverage.Narrative Update • Jan 12
WFG: Mill Closures And Buybacks Will Support Future Margin Resilience
Analysts have maintained their fair value estimate for West Fraser Timber at approximately $104. The updated price target reflects a slightly higher discount rate and marginally lower assumptions for revenue growth, profit margins, and future P/E.Narrative Update • Dec 23
WFG: Mill Closures And Buybacks Will Drive Stronger Margins Ahead
Analysts have modestly reduced their price target on West Fraser Timber, trimming fair value expectations by about $9 per share as slightly softer revenue growth and valuation assumptions more than offset a small improvement in projected profit margins. Analyst Commentary Analyst sentiment on West Fraser Timber remains mixed, with recent target cuts driven more by valuation discipline than a sharp change in the fundamental outlook.Narrative Update • Dec 09
WFG: Mill Closures And Buybacks Will Support Stronger Margins Ahead
Analysts have reduced their price target on West Fraser Timber by C$3 to C$119, citing a modestly higher discount rate and slightly richer forward valuation assumptions, while maintaining a positive long term outlook on earnings growth and margins. Analyst Commentary Recent commentary on West Fraser Timber reflects a generally constructive stance on the company, even as some expectations are tempered to reflect a more balanced risk reward profile.Narrative Update • Nov 25
WFG: Operational Shifts And Buybacks Will Drive Medium-Term Performance
Analysts have trimmed their price target for West Fraser Timber to C$119 from C$122, citing reassessments of future earnings expectations and valuation considerations. Analyst Commentary Recent analyst updates highlight both optimism and caution surrounding West Fraser Timber's outlook, particularly as it relates to the company’s valuation, expected earnings performance, and market positioning.Narrative Update • Nov 06
WFG: Operational Strength And Buybacks Will Support Resilient Margin Performance
West Fraser Timber's analyst price target was lowered from C$122 to C$119. This reflects a modest shift as analysts cite updated margin expectations and slight adjustments to valuation assumptions.Narrative Update • Oct 23
Analysts Adjust West Fraser Timber Price Targets Amid Earnings Concerns and Updated Valuation Metrics
Analysts have lowered their price target for West Fraser Timber, citing a reduction from C$122 to C$119 and from $98 to $96. This adjustment comes as a response to recent earnings quality concerns, despite the company’s resilient sector position.Analysis Article • Sep 27
Is West Fraser Timber (TSE:WFG) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 31
Estimating The Fair Value Of West Fraser Timber Co. Ltd. (TSE:WFG)
Key Insights West Fraser Timber's estimated fair value is CA$113 based on 2 Stage Free Cash Flow to Equity Current...Analysis Article • Jun 02
West Fraser Timber (TSE:WFG) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...New Narrative • May 09
Improved SPF Demand And Operating Efficiencies Will Drive Future Progress
Improved SPF demand and pricing boost lumber segment performance, enhancing revenues and net margins.Analysis Article • Apr 08
There's Reason For Concern Over West Fraser Timber Co. Ltd.'s (TSE:WFG) Price
When close to half the companies in the Forestry industry in Canada have price-to-sales ratios (or "P/S") below 0.3x...Analysis Article • Jan 22
Is West Fraser Timber (TSE:WFG) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Dec 26
West Fraser Timber Co. Ltd.'s (TSE:WFG) Price Is Out Of Tune With Revenues
West Fraser Timber Co. Ltd.'s ( TSE:WFG ) price-to-sales (or "P/S") ratio of 1.1x may not look like an appealing...Analysis Article • Sep 29
These 4 Measures Indicate That West Fraser Timber (TSE:WFG) Is Using Debt Safely
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Sep 10
West Fraser Timber Co. Ltd.'s (TSE:WFG) Business Is Trailing The Industry But Its Shares Aren't
When you see that almost half of the companies in the Forestry industry in Canada have price-to-sales ratios (or "P/S...Analysis Article • Jun 11
Some Confidence Is Lacking In West Fraser Timber Co. Ltd.'s (TSE:WFG) P/S
When you see that almost half of the companies in the Forestry industry in Canada have price-to-sales ratios (or "P/S...Analysis Article • May 21
An Intrinsic Calculation For West Fraser Timber Co. Ltd. (TSE:WFG) Suggests It's 46% Undervalued
Key Insights West Fraser Timber's estimated fair value is CA$205 based on 2 Stage Free Cash Flow to Equity West Fraser...Analysis Article • Dec 18
Is West Fraser Timber (TSE:WFG) Using Debt In A Risky Way?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Nov 27
An Intrinsic Calculation For West Fraser Timber Co. Ltd. (TSE:WFG) Suggests It's 49% Undervalued
Key Insights The projected fair value for West Fraser Timber is CA$207 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Aug 08
These 4 Measures Indicate That West Fraser Timber (TSE:WFG) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Jul 18
West Fraser Timber Co. Ltd. (TSE:WFG) Shares Could Be 31% Below Their Intrinsic Value Estimate
Key Insights West Fraser Timber's estimated fair value is CA$168 based on 2 Stage Free Cash Flow to Equity West Fraser...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Apr 03 2026 | n/a | n/a | -US$1b |
| Dec 31 2025 | US$3m | US$911k | -US$937m |
| Sep 26 2025 | n/a | n/a | -US$248m |
| Jun 27 2025 | n/a | n/a | -US$126m |
| Mar 28 2025 | n/a | n/a | US$2m |
| Dec 31 2024 | US$11m | US$848k | -US$5m |
| Sep 27 2024 | n/a | n/a | -US$96m |
| Jun 28 2024 | n/a | n/a | US$145m |
| Mar 29 2024 | n/a | n/a | -US$90m |
| Dec 31 2023 | US$1m | US$484k | -US$167m |
| Sep 29 2023 | n/a | n/a | -US$107m |
| Jun 30 2023 | n/a | n/a | -US$50m |
| Mar 31 2023 | n/a | n/a | US$843m |
| Dec 31 2022 | US$2m | US$437k | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$3b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$2m | US$402k | US$3b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$1b |
| Dec 31 2020 | US$1m | US$368k | US$588m |
| Sep 30 2020 | n/a | n/a | US$274m |
| Jun 30 2020 | n/a | n/a | -US$20m |
| Mar 31 2020 | n/a | n/a | -US$93m |
| Dec 31 2019 | US$1m | US$349k | -US$116m |
Compensation vs Market: Sean's total compensation ($USD2.99M) is about average for companies of similar size in the Canadian market ($USD3.19M).
Compensation vs Earnings: Sean's compensation has been consistent with company performance over the past year.
CEO
Sean McLaren (56 yo)
2.3yrs
Tenure
US$2,991,903
Compensation
Mr. Sean P. McLaren serves as President, CEO & Director at West Fraser Timber Co. Ltd from January 01, 2024 and served as its Chief Operating Officer since December 07, 2021 until December 31, 2023. He ser...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.3yrs | US$2.99m | 0.041% CA$ 2.7m | |
| EVP & Chief Financial Officer | 9.1yrs | US$1.20m | 0.011% CA$ 724.1k | |
| Senior Vice-President of Corporate Services | 5.3yrs | US$815.12k | 0.013% CA$ 829.0k | |
| Executive Vice-President of North American Operations | 4.4yrs | US$1.13m | 0.017% CA$ 1.1m | |
| Senior Vice President of Europe | 4.4yrs | US$770.41k | no data | |
| Vice-President of Capital & Technology | 6.3yrs | no data | no data | |
| VP & General Counsel | no data | no data | no data | |
| Director of Communications | no data | no data | no data | |
| Senior Vice President of Sales & Marketing | no data | no data | 0.0028% CA$ 182.3k | |
| Vice-President of Human Resources | no data | no data | no data | |
| Senior Vice-President of Western Canada | 4.4yrs | no data | 0.010% CA$ 652.6k | |
| Corporate Secretary | 8.8yrs | no data | no data |
4.8yrs
Average Tenure
56.5yo
Average Age
Experienced Management: WFG's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.3yrs | US$2.99m | 0.041% CA$ 2.7m | |
| Independent Corporate Director | 9.1yrs | US$174.85k | 0.0013% CA$ 84.0k | |
| Independent Chairman | 40.7yrs | US$306.00k | 2.73% CA$ 179.2m | |
| Independent Corporate Director | 3yrs | US$160.28k | 0.0064% CA$ 419.1k | |
| Independent Corporate Director | 10.1yrs | US$174.85k | 0.0038% CA$ 251.2k | |
| Independent Corporate Director | 10.1yrs | US$174.85k | no data | |
| Independent Corporate Director | 3.1yrs | US$160.28k | 0.0041% CA$ 270.2k | |
| Independent Corporate Director | 5.3yrs | US$160.28k | no data | |
| Independent Corporate Director | 9.1yrs | US$174.85k | 0.0022% CA$ 146.3k | |
| Independent Corporate Director | 5.3yrs | US$160.28k | no data | |
| Independent Corporate Director | 5.1yrs | US$160.28k | 1.28% CA$ 84.2m |
5.3yrs
Average Tenure
66yo
Average Age
Experienced Board: WFG's board of directors are considered experienced (5.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 21:35 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/04/03 |
| 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 |
| |
| 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
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.
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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
West Fraser Timber Co. Ltd. is covered by 13 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. |