Canfor Pulp Products Inc.

DB:8CP Stock Report

Market Cap: €41.9m

Canfor Pulp Products Valuation

Is 8CP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 8CP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8CP (€0.57) is trading below our estimate of fair value (€1.02)

Significantly Below Fair Value: 8CP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 8CP?

Key metric: As 8CP is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 8CP. This is calculated by dividing 8CP's market cap by their current revenue.
What is 8CP's PS Ratio?
PS Ratio0.07x
SalesCA$829.40m
Market CapCA$61.97m

Price to Sales Ratio vs Peers

How does 8CP's PS Ratio compare to its peers?

The above table shows the PS ratio for 8CP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
DLX Delignit
0.3x10.3%€24.4m
IBU IBU-tec advanced materials
0.8x19.2%€39.4m
BNN BRAIN Biotech
1.1x8.5%€64.0m
NTG Nabaltec
0.6x4.5%€119.2m
8CP Canfor Pulp Products
0.07x-8.4%€62.0m

Price-To-Sales vs Peers: 8CP is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does 8CP's PS Ratio compare vs other companies in the European Forestry Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.7x4.5%
8CP Canfor Pulp Products
 0.07x-8.4%US$44.08m
8CP 0.1xIndustry Avg. 0.7xNo. of Companies6PS00.40.81.21.62+
1 CompanyEstimated GrowthMarket Cap
Industry Avg.0.7x21.4%
8CP Canfor Pulp Products
 0.07xn/aUS$44.08m
No more companies

Price-To-Sales vs Industry: 8CP is good value based on its Price-To-Sales Ratio (0.1x) compared to the European Forestry industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 8CP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8CP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.07x
Fair PS Ratio0.1x

Price-To-Sales vs Fair Ratio: 8CP is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 8CP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.56
€0.95
+68.5%
14.4%€1.16€0.83n/a4
Nov ’25€0.54
€0.95
+76.3%
14.4%€1.16€0.83n/a4
Oct ’25€0.53
€0.96
+82.6%
14.4%€1.17€0.83n/a4
Sep ’25€0.63
€0.96
+52.2%
14.4%€1.17€0.83n/a4
Aug ’25€0.58
€0.96
+65.3%
14.4%€1.17€0.83n/a4
Jul ’25€0.70
€1.33
+89.4%
22.1%€1.87€1.02n/a5
Jun ’25€1.08
€1.33
+22.7%
22.1%€1.87€1.02n/a5
May ’25€0.96
€1.33
+37.4%
22.1%€1.87€1.02n/a5
Apr ’25€1.13
€1.38
+22.1%
10.3%€1.63€1.19n/a5
Mar ’25€1.08
€1.41
+31.0%
7.7%€1.63€1.36n/a5
Feb ’25€1.16
€1.41
+22.0%
7.7%€1.63€1.36n/a5
Jan ’25€1.17
€1.49
+27.5%
10.2%€1.68€1.34n/a4
Dec ’24€1.03
€1.49
+44.8%
10.2%€1.68€1.34n/a4
Nov ’24€1.20
€1.58
+32.0%
12.2%€1.81€1.39€0.544
Oct ’24€1.34
€1.64
+22.4%
10.0%€1.82€1.40€0.534
Sep ’24€1.35
€2.46
+82.0%
43.1%€4.14€1.55€0.634
Aug ’24€1.34
€2.46
+83.4%
43.1%€4.14€1.55€0.584
Jul ’24€1.36
€2.67
+96.5%
30.1%€4.16€1.74€0.705
Jun ’24€1.34
€2.81
+109.9%
31.1%€4.02€1.68€1.086
May ’24€1.31
€3.01
+129.6%
28.4%€4.06€1.69€0.966
Apr ’24€1.97
€3.60
+83.0%
15.3%€4.16€2.95€1.136
Mar ’24€2.52
€3.81
+51.3%
15.4%€4.83€3.28€1.086
Feb ’24€2.64
€3.89
+47.4%
15.6%€4.82€3.27€1.166
Jan ’24€2.84
€4.34
+52.9%
15.4%€5.53€3.29€1.176
Dec ’23€3.10
€4.83
+55.8%
12.9%€5.94€4.09€1.035
Nov ’23€3.48
€4.83
+38.8%
12.9%€5.94€4.09€1.205

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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