Acadian Timber
OTCPK:ACAZ.F
ACAZ.F
OTCPK
CA$282M
Market Cap
Company description
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The last earnings update was 7 days ago. More info.
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ACAZ.F Share Price and Events
7 Day Returns
4.9%
OTCPK:ACAZ.F
-1.8%
US Forestry
-3.9%
US Market
1 Year Returns
-19.5%
OTCPK:ACAZ.F
-6.7%
US Forestry
1.4%
US Market
ACAZ.F Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Acadian Timber (ACAZ.F) | 4.9% | 4.9% | -3.5% | -19.5% | 0% | 9.3% |
| US Forestry | -1.8% | -4.1% | -6.8% | -6.7% | 16.1% | 1.9% |
| US Market | -3.9% | -3.6% | 1.8% | 1.4% | 35.8% | 40.8% |
1 Year Return vs Industry and Market
- ACAZ.F underperformed the Forestry industry which returned -6.7% over the past year.
- ACAZ.F underperformed the Market in United States of America which returned 1.4% over the past year.
ACAZ.F Value
Is Acadian Timber undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Acadian Timber
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Acadian Timber.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Forestry Unlevered Beta | Simply Wall St/ S&P Global | 1.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.531 (1 + (1- 26.5%) (33.65%)) |
1.61 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.61 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.61 * 5.96%) |
12.32% |
Discounted Cash Flow Calculation for OTCPK:ACAZ.F using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Acadian Timber is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 12.32%) |
|
|---|---|---|---|
| 2019 | 18.00 | Analyst x3 | 16.02 |
| 2020 | 19.00 | Analyst x3 | 15.06 |
| 2021 | 20.00 | Analyst x1 | 14.11 |
| 2022 | 20.70 | Est @ 3.51% | 13.01 |
| 2023 | 21.38 | Est @ 3.28% | 11.96 |
| 2024 | 22.05 | Est @ 3.11% | 10.98 |
| 2025 | 22.71 | Est @ 3% | 10.07 |
| 2026 | 23.37 | Est @ 2.92% | 9.22 |
| 2027 | 24.04 | Est @ 2.86% | 8.45 |
| 2028 | 24.72 | Est @ 2.82% | 7.73 |
| Present value of next 10 years cash flows | CA$116.60 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$24.72 × (1 + 2.73%) ÷ (12.32% – 2.73%) |
CA$264.65 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$264.65 ÷ (1 + 12.32%)10 |
CA$82.78 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$116.60 + CA$82.78 |
CA$199.38 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$199.38 / 16.69 |
CA$11.95 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in OTCPK:ACAZ.F
represents 0.74202x
of
TSX:ADN
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.74202x |
| Value per Share (Listing Adjusted, USD) |
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 11.95 x 0.74202 |
$8.87 |
| Value per share (USD) | From above. | $8.87 |
| Current discount | Discount to share price of
$12.54
= -1 x ($12.54 - $8.87) / $8.87 |
-41.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Acadian Timber is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Acadian Timber's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Acadian Timber's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-30) in CAD | CA$1.82 |
| TSX:ADN Share Price ** | TSX (2019-05-15) in CAD | CA$16.9 |
| United States of America Forestry Industry PE Ratio | Median Figure of 11 Publicly-Listed Forestry Companies | 9.84x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Acadian Timber.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:ADN Share Price ÷ EPS (both in CAD) = 16.9 ÷ 1.82 |
9.3x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acadian Timber is good value based on earnings compared to the US Forestry industry average.
- Acadian Timber is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Acadian Timber's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.3x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
-17.7%per year |
| United States of America Forestry Industry PEG Ratio | Median Figure of 9 Publicly-Listed Forestry Companies | 1.16x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 9.3x ÷ -17.7% |
-0.52x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acadian Timber earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Acadian Timber's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-30) in CAD | CA$17.27 |
| TSX:ADN Share Price * | TSX (2019-05-15) in CAD | CA$16.9 |
| United States of America Forestry Industry PB Ratio | Median Figure of 15 Publicly-Listed Forestry Companies | 1.24x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:ADN Share Price ÷ Book Value per Share (both in CAD) = 16.9 ÷ 17.27 |
0.98x |
* Primary Listing of Acadian Timber.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acadian Timber is good value based on assets compared to the US Forestry industry average.
X
Value checks
We assess Acadian Timber's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check) Acadian Timber has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ACAZ.F Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
-17.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Acadian Timber
expected to grow at an
attractive
rate?
- Acadian Timber's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Acadian Timber's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Acadian Timber's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| OTCPK:ACAZ.F Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | -17.7% |
| OTCPK:ACAZ.F Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | -0.7% |
| United States of America Forestry Industry Earnings Growth Rate | Market Cap Weighted Average | 11.9% |
| United States of America Forestry Industry Revenue Growth Rate | Market Cap Weighted Average | 3.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in CAD Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 95 | 18 | 1 | |
| 2020-12-31 | 99 | 19 | 19 | 3 |
| 2019-12-31 | 98 | 17 | 19 | 3 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-30 | 98 | 19 | 30 |
| 2018-12-31 | 100 | 16 | 26 |
| 2018-09-29 | 84 | 18 | 22 |
| 2018-06-30 | 85 | 19 | 26 |
| 2018-03-31 | 83 | 17 | 28 |
| 2017-12-31 | 95 | 22 | 31 |
| 2017-09-30 | 92 | 18 | 22 |
| 2017-06-24 | 84 | 19 | 15 |
| 2017-03-25 | 84 | 19 | 16 |
| 2016-12-31 | 77 | 19 | 16 |
| 2016-09-24 | 76 | 20 | 27 |
| 2016-06-25 | 79 | 20 | 21 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Acadian Timber Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.10 | 1.10 | 1.10 | 1.00 |
| 2020-12-31 | 1.08 | 1.15 | 1.02 | 2.00 |
| 2019-12-31 | 1.16 | 1.16 | 1.16 | 1.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2019-03-30 | 1.82 |
| 2018-12-31 | 1.57 |
| 2018-09-29 | 1.33 |
| 2018-06-30 | 1.55 |
| 2018-03-31 | 1.68 |
| 2017-12-31 | 1.84 |
| 2017-09-30 | 1.29 |
| 2017-06-24 | 0.88 |
| 2017-03-25 | 0.99 |
| 2016-12-31 | 0.96 |
| 2016-09-24 | 1.60 |
| 2016-06-25 | 1.26 |
*GAAP earnings excluding extraordinary items.
X
Acadian Timber has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Acadian Timber's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Acadian Timber has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ACAZ.F Past Performance
How has Acadian Timber performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Acadian Timber's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Acadian Timber's year on year earnings growth rate has been positive over the past 5 years.
- Acadian Timber's 1-year earnings growth exceeds its 5-year average (8.5% vs 3.4%)
- Acadian Timber's earnings growth has not exceeded the US Forestry industry average in the past year (8.5% vs 78.9%).
Earnings and Revenue History
Acadian Timber's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Acadian Timber Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-30 | 97.84 | 30.46 | 9.43 | |
| 2018-12-31 | 99.85 | 26.26 | 9.74 | |
| 2018-09-29 | 83.93 | 22.17 | 6.98 | |
| 2018-06-30 | 84.53 | 25.92 | 7.12 | |
| 2018-03-31 | 82.76 | 28.05 | 7.31 | |
| 2017-12-31 | 95.38 | 30.82 | 9.12 | |
| 2017-09-30 | 92.30 | 21.59 | 8.91 | |
| 2017-06-24 | 84.41 | 14.67 | 7.84 | |
| 2017-03-25 | 83.73 | 16.49 | 7.10 | |
| 2016-12-31 | 77.17 | 16.07 | 6.27 | |
| 2016-09-24 | 76.18 | 26.72 | 6.29 | |
| 2016-06-25 | 79.47 | 21.09 | 6.58 | |
| 2016-03-26 | 81.18 | 20.91 | 6.21 | |
| 2015-12-31 | 84.42 | 13.64 | 6.39 | |
| 2015-09-26 | 85.20 | 38.24 | 6.25 | |
| 2015-06-27 | 84.15 | 40.53 | 6.04 | |
| 2015-03-28 | 80.81 | 39.62 | 6.10 | |
| 2014-12-31 | 77.37 | 43.24 | 5.97 | |
| 2014-09-27 | 76.62 | 8.30 | 6.35 | |
| 2014-06-28 | 73.80 | 12.25 | 6.60 | |
| 2014-03-29 | 77.37 | 6.65 | 6.79 | |
| 2013-12-31 | 74.38 | 7.25 | 6.93 | |
| 2013-09-28 | 71.03 | 7.62 | 6.43 | |
| 2013-06-29 | 69.79 | 9.22 | 6.06 | |
| 2013-03-30 | 68.44 | 10.65 | 6.05 | |
| 2012-12-31 | 68.84 | 13.73 | 5.89 | |
| 2012-09-29 | 65.57 | 21.37 | 6.04 | |
| 2012-06-30 | 65.58 | 16.03 | 6.13 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Acadian Timber has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Acadian Timber used its assets less efficiently than the US Forestry industry average last year based on Return on Assets.
- Acadian Timber's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Acadian Timber has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Acadian Timber's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Acadian Timber has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ACAZ.F Health
How is Acadian Timber's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Acadian Timber's finances.
The net worth of a company is the difference between its assets and liabilities.
- Acadian Timber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Acadian Timber's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of
Acadian Timber's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Acadian Timber Company Filings, last reported 1 month ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-30 | 288.62 | 94.91 | 22.64 |
| 2018-12-31 | 290.41 | 96.60 | 22.32 |
| 2018-09-29 | 275.15 | 91.18 | 21.60 |
| 2018-06-30 | 276.15 | 92.46 | 22.87 |
| 2018-03-31 | 276.66 | 90.52 | 22.26 |
| 2017-12-31 | 274.09 | 90.87 | 23.95 |
| 2017-09-30 | 263.37 | 90.10 | 20.28 |
| 2017-06-24 | 266.04 | 95.86 | 20.64 |
| 2017-03-25 | 267.48 | 96.63 | 22.44 |
| 2016-12-31 | 267.85 | 97.07 | 19.65 |
| 2016-09-24 | 260.30 | 94.76 | 19.80 |
| 2016-06-25 | 260.53 | 93.82 | 18.78 |
| 2016-03-26 | 261.64 | 95.73 | 20.49 |
| 2015-12-31 | 267.05 | 99.82 | 17.72 |
| 2015-09-26 | 255.33 | 95.95 | 16.01 |
| 2015-06-27 | 251.19 | 89.17 | 15.58 |
| 2015-03-28 | 253.42 | 91.75 | 16.53 |
| 2014-12-31 | 248.61 | 83.94 | 12.66 |
| 2014-09-27 | 181.55 | 80.84 | 12.90 |
| 2014-06-28 | 181.05 | 76.96 | 7.92 |
| 2014-03-29 | 183.09 | 79.65 | 11.04 |
| 2013-12-31 | 182.19 | 76.50 | 8.56 |
| 2013-09-28 | 180.66 | 75.78 | 8.50 |
| 2013-06-29 | 182.32 | 75.62 | 5.45 |
| 2013-03-30 | 184.00 | 73.08 | 6.44 |
| 2012-12-31 | 184.00 | 71.17 | 6.14 |
| 2012-09-29 | 182.56 | 70.49 | 6.38 |
| 2012-06-30 | 183.88 | 72.83 | 6.13 |
- Acadian Timber's level of debt (32.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (43.5% vs 32.9% today).
- Debt is not well covered by operating cash flow (19.7%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Acadian Timber's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Acadian Timber has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ACAZ.F Dividends
What is Acadian Timber's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
6.86%
Current annual income from
Acadian Timber
dividends.
Estimated to be
6.86%
next year.
If you bought
$2,000 of
Acadian Timber
shares you are expected to receive
$137
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Acadian Timber's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Acadian Timber's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Forestry Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 2.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.16 | 1.00 |
| 2020-12-31 | 1.16 | 3.00 |
| 2019-12-31 | 1.16 | 3.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-19 | 1.160 | 6.934 |
| 2019-02-13 | 1.160 | 6.689 |
| 2018-11-01 | 1.130 | 7.180 |
| 2018-10-31 | 1.130 | 6.633 |
| 2018-05-07 | 1.130 | 5.895 |
| 2018-02-14 | 1.100 | 5.686 |
| 2017-10-25 | 1.100 | 5.787 |
| 2017-05-03 | 1.100 | 5.896 |
| 2017-02-16 | 1.100 | 6.004 |
| 2016-10-26 | 1.000 | 5.663 |
| 2016-08-10 | 1.000 | 5.543 |
| 2016-05-09 | 1.000 | 5.789 |
| 2016-02-10 | 1.000 | 5.287 |
| 2015-10-27 | 1.000 | 5.338 |
| 2015-08-18 | 0.900 | 4.530 |
| 2015-04-28 | 0.900 | 4.742 |
| 2015-02-10 | 0.900 | 5.080 |
| 2014-10-27 | 0.825 | 5.347 |
| 2014-07-29 | 0.825 | 6.063 |
| 2014-05-12 | 0.825 | 6.242 |
| 2014-02-14 | 0.825 | 6.280 |
| 2014-02-11 | 0.825 | 6.279 |
| 2013-11-01 | 0.825 | 6.673 |
| 2013-10-30 | 0.825 | 6.369 |
| 2013-05-09 | 0.825 | 6.285 |
| 2012-10-30 | 0.825 | 5.800 |
| 2012-07-31 | 0.825 | 6.538 |
| 2012-02-06 | 0.825 | 7.196 |
| 2011-10-27 | 0.825 | 7.889 |
| 2011-07-27 | 0.825 | 8.120 |
| 2011-05-03 | 0.825 | 7.051 |
| 2011-02-08 | 0.825 | 7.523 |
| 2010-10-26 | 0.200 | 2.685 |
| 2010-07-30 | 0.200 | 3.266 |
| 2010-04-28 | 0.200 | 3.031 |
| 2010-03-19 | 0.200 | 2.736 |
| 2010-02-24 | 0.200 | 2.929 |
| 2010-02-10 | 0.200 | 3.021 |
| 2010-01-04 | 0.200 | 3.083 |
| 2009-10-21 | 0.825 | 12.374 |
| 2009-09-21 | 0.825 | 10.422 |
| 2009-08-20 | 0.825 | 9.955 |
| 2009-07-22 | 0.825 | 10.037 |
| 2009-06-19 | 0.825 | 10.700 |
| 2009-05-20 | 0.825 | 9.707 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Acadian Timber's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.1x coverage).
- Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Acadian Timber's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Acadian Timber afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Acadian Timber has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ACAZ.F Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Mark
Bishop
| COMPENSATION | CA$213,684 |
| TENURE AS CEO | 4 years |
CEO Bio
Mr. Mark M. Bishop serves as a Managing Director of Infrastructure at Brookfield Asset Management Inc. He has been Managing Director and Chief Operating Officer of Timber at Brookfield Infrastructure Partners Limited since April 11, 2017. Mr. Bishop has been the Chief Executive Officer and President of Acadian Timber Corp. since May 1, 2015. Mr. Bishop has been the Chief Executive Officer and President at Brookfield Timberlands Management LP. He has been the Senior Vice President of Timberland Investment Management at Brookfield since 2006. He is the timberland business development lead focused on Latin America and Australasia and has oversight of timberland operations in Brazil. With over 25 years of forest industry experience, he is also the timberland business development lead focused on South America and Australasia and oversees Brookfield’s timberland operations in South America. Prior to joining Brookfield in 2008, he was a top-ranked Paper and Forest Products Research Analyst at RBC Capital Markets and held various forest industry operating and financial positions with Weyerhaeuser, MacMillan Bloedel and Interfor. He served as a Director at Acadian Timber Corp. since April 29, 2015 until May 04, 2017. He holds an MBA from the Ivey School of Business at Western University and a Bachelor of Science in Forestry from the University of British Columbia and is a British Columbia Registered Professional Forester in 1990.
CEO Compensation
- Mark's compensation has been consistent with company performance over the past year.
- Mark's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure of the Acadian Timber management team in years:
4
Average Tenure
- The tenure for the Acadian Timber management team is about average.
Management Team
Mark Bishop
TITLE
President & CEO
COMPENSATION
CA$214K
TENURE
4 yrs
Matt Gross
TITLE
CFO & VP
Luc Ouellet
TITLE
Senior Vice President of Operations
TENURE
1 yrs
Leigh Tang
TITLE
Corporate Secretary and Manager of Business & Corporate Services
TENURE
9.3 yrs
Helen Mui
TITLE
Controller
Kevin Topolniski
TITLE
Chief Forester of Brookfield Timberlands
Board of Directors Tenure
Average tenure and age of the Acadian Timber board of directors in years:
2
Average Tenure
56
Average Age
- The average tenure for the Acadian Timber board of directors is less than 3 years, this suggests a new board.
Board of Directors
Ben Vaughan
TITLE
Chairman of the Board
AGE
46
TENURE
4.1 yrs
Bruce Robertson
TITLE
Director
COMPENSATION
CA$45K
AGE
51
TENURE
1.3 yrs
Phil Brown
TITLE
Lead Director
COMPENSATION
CA$49K
AGE
62
TENURE
2 yrs
Reid Carter
TITLE
Director
AGE
61
TENURE
9.3 yrs
Malcolm Cockwell
TITLE
Director
COMPENSATION
CA$27K
TENURE
1 yrs
Karen Oldfield
TITLE
Director
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28. Dec 18 | Buy | Jack Cockwell | Individual | 21. Dec 18 | 21. Dec 18 | 31,400 | $10.51 | $330,092 | ||
| 20. Dec 18 | Buy | Jack Cockwell | Individual | 19. Dec 18 | 19. Dec 18 | 400 | $10.61 | $4,246 | ||
| 14. Dec 18 | Buy | Jack Cockwell | Individual | 12. Dec 18 | 12. Dec 18 | 2,600 | $10.69 | $27,790 | ||
| 13. Dec 18 | Buy | Mark Bishop | Individual | 12. Dec 18 | 12. Dec 18 | 10,000 | $10.86 | $108,584 | ||
| 12. Dec 18 | Buy | Malcolm Cockwell | Individual | 11. Dec 18 | 11. Dec 18 | 100,000 | $10.81 | $1,080,912 | ||
| 29. Nov 18 | Buy | Saul Shulman | Individual | 28. Nov 18 | 28. Nov 18 | 5,000 | $11.66 | $58,287 | ||
| 26. Nov 18 | Buy | Philip Brown | Individual | 23. Nov 18 | 23. Nov 18 | 2,000 | $11.93 | $23,853 | ||
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Acadian Timber's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Acadian Timber has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ACAZ.F Company Info
Description
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides managements services relating to approximately 1.3 million acres of Crown licensed timberlands. Acadian Timber Corp. is headquartered in Vancouver, Canada.
Details
| Name: | Acadian Timber Corp. |
| ACAZ.F | |
| Exchange: | OTCPK |
| Founded: | |
| CA$209,851,457 | |
| 16,686,916 | |
| Website: | http://www.acadiantimber.com |
| Address: |
Acadian Timber Corp. 1055 West Georgia Street, Suite 1800, Vancouver, British Columbia, V6E 3R5, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | ADN | Common Shares | The Toronto Stock Exchange | CA | CAD | 31. Jan 2006 | |
| OTCPK | ACAZ.F | Common Shares | Pink Sheets LLC | US | USD | 31. Jan 2006 | |
| BST | 779 | Common Shares | Boerse-Stuttgart | DE | EUR | 31. Jan 2006 |
Number of employees
Current staff
77
Acadian Timber
employees.
Industry
| Forest Products | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/16 02:23 |
| End of day share price update: | 2019/05/15 00:00 |
| Last estimates confirmation: | 2019/05/14 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/30 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
