Company Valuation: Canfor Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,991 2,611 2,126 1,797 1,366 1,761 - -
Change - -34.58% -18.59% -15.44% -24.02% 28.97% - -
Enterprise Value (EV) 1 2,972 1,735 1,898 1,907 2,165 2,481 2,256 1,852
Change - -41.64% 9.39% 0.48% 13.53% 14.61% -9.05% -17.91%
P/E 2.99x 3.33x -6.59x -2.69x -1.73x -8.54x 39.9x 4.78x
PBR 1.15x 0.61x 0.56x 0.54x 0.54x 0.73x 0.77x 0.7x
PEG - -0.1x 0x -0x -0.1x 0.1x -0x 0x
Capitalization / Revenue 0.52x 0.35x 0.39x 0.34x 0.26x 0.3x 0.31x 0.28x
EV / Revenue 0.39x 0.23x 0.35x 0.36x 0.41x 0.43x 0.4x 0.3x
EV / EBITDA 1.16x 1.08x -17.1x -11.2x -58.2x 13x 5.31x 3.66x
EV / EBIT 1.36x 1.61x -3.57x -2.02x -2.39x -11.4x -84x 12.3x
EV / FCF 2x 3.56x -4.39x -5.4x -9.88x -10.8x -14x -
FCF Yield 50% 28.1% -22.8% -18.5% -10.1% -9.25% -7.14% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 10.74 6.39 -2.71 -5.64 -6.78 -1.758 0.3763 3.14
Distribution rate - - - - - - - -
Net sales 1 7,685 7,427 5,427 5,253 5,339 5,806 5,692 6,198
EBITDA 1 2,566 1,610 -111.2 -170.2 -37.2 190.6 424.8 506
EBIT 1 2,189 1,074 -531.6 -942.2 -904.1 -217 -26.85 151
Net income 1 1,342 787.3 -326.1 -669 -796.7 -190.2 56.03 362
Net Debt 1 -1,019 -876.3 -228.1 109.2 798.9 719.5 495 91
Reference price 2 32.06 21.31 17.85 15.18 11.73 15.01 15.01 15.01
Nbr of stocks (in thousands) 124,494 122,519 119,081 118,405 116,429 117,341 - -
Announcement Date 3/1/22 A 2/28/23 A 3/5/24 A 3/7/25 A 3/5/26 A - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-7.68x0.41x13.05x - 1.2B
32.26x4.37x16.01x2.86% 7.96B
20.32x0.68x8.3x - 4.87B
40.74x2.07x17.64x0.4% 674M
23.03x4.12x18.09x6.5% 237M
Average 21.74x 2.33x 14.62x 3.25% 2.99B
Weighted average by Cap. 25.40x 2.74x 13.37x 2.77%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Canfor Corporation