West Fraser Timber Co. Ltd. (WFG) 10-Year Financial Performance & Capital Metrics

WFG • • Industrial / General

Basic MaterialsPaper & Forest ProductsWood Products & Building MaterialsStructural Wood Products

AboutWest Fraser Timber Co. Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products. The company also provides northern bleached softwood Kraft pulp and bleached chemical thermo-mechanical pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products. It sells its products to major retail chains, contractor supply yards, and wholesalers, as well as industrial customers for further processing or as components for other products in Canada, the United States, China, Europe, Asia, and other countries. West Fraser Timber Co. Ltd. was founded in 1955 and is based in Vancouver, Canada.Show more

Revenue $6.17B -4.3%
EBITDA $557M +116.7%
Net Income -$5M +97.0%
EPS (Diluted) -0.07 +96.3%
Gross Margin 29.82% +8.8%
EBITDA Margin 9.02% +126.6%
Operating Margin 0.11% +102.6%
Net Margin -0.08% +96.9%
ROE -0.07% +96.9%
ROIC 0.08% +102.5%
Debt/Equity 0.03 -55.8%
Interest Coverage 0.27 +102.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Strong 5Y sales CAGR of 10.6%
✓Share count reduced 2.5% through buybacks
✓Healthy 5Y average net margin of 11.7%
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.39%

5Y10.58%

3Y-16.27%

TTM-15.66%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-68.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM-154.47%

ROCE

10Y Avg17.7%

5Y Avg21.2%

3Y Avg8.22%

Latest0.09%

Peer Comparison

Structural Wood Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LPXLouisiana-Pacific Corporation	6.53B	93.71	15.91	13.95%	7.65%	12.42%	6.47%	0.23
WFGWest Fraser Timber Co. Ltd.	5.27B	69.30	-936.49	-4.34%	-4.31%	-3.72%	3.3%	0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.95B	3.31B	4.08B	4.49B	3.73B	4.59B	10.52B	9.7B	6.45B	6.17B
Revenue Growth %	-0.11%	0.12%	0.23%	0.1%	-0.17%	0.23%	1.29%	-0.08%	-0.33%	-0.04%
Cost of Goods Sold+	2.07B	2.21B	2.48B	2.66B	2.8B	2.69B	4.64B	5.14B	4.68B	4.33B
COGS % of Revenue	0.7%	0.67%	0.61%	0.59%	0.75%	0.59%	0.44%	0.53%	0.73%	0.7%
Gross Profit+	883.48M	1.1B	1.6B	1.84B	937.78M	1.89B	5.87B	4.56B	1.77B	1.84B
Gross Margin %	0.3%	0.33%	0.39%	0.41%	0.25%	0.41%	0.56%	0.47%	0.27%	0.3%
Gross Profit Growth %	-0.22%	0.25%	0.45%	0.15%	-0.49%	1.02%	2.1%	-0.22%	-0.61%	0.04%
Operating Expenses+	704.05M	741.76M	906.56M	1.05B	1.03B	1.03B	1.93B	2B	2.05B	1.83B
OpEx % of Revenue	0.24%	0.22%	0.22%	0.23%	0.28%	0.23%	0.18%	0.21%	0.32%	0.3%
Selling, General & Admin	545.51M	595.19M	701.39M	712.17M	711.95M	758.34M	1.2B	1.33B	1.23B	1.11B
SG&A % of Revenue	0.18%	0.18%	0.17%	0.16%	0.19%	0.17%	0.11%	0.14%	0.19%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.16M	7.44M	205.17M	6.61M	322.29M	275.26M	730M	667M	827M	723M
Operating Income+	179.43M	358.6M	691.85M	787.06M	-101.82M	929.36M	3.94B	2.56B	-284M	7M
Operating Margin %	0.06%	0.11%	0.17%	0.18%	-0.03%	0.2%	0.38%	0.26%	-0.04%	0%
Operating Income Growth %	-0.49%	1%	0.93%	0.14%	-1.13%	10.13%	3.24%	-0.35%	-1.11%	1.02%
EBITDA+	317.07M	505.17M	858.85M	975.75M	96.46M	1.13B	4.53B	3.15B	257M	557M
EBITDA Margin %	0.11%	0.15%	0.21%	0.22%	0.03%	0.25%	0.43%	0.32%	0.04%	0.09%
EBITDA Growth %	-0.36%	0.59%	0.7%	0.14%	-0.9%	10.74%	3%	-0.3%	-0.92%	1.17%
D&A (Non-Cash Add-back)	137.64M	146.57M	167M	188.69M	198.27M	203M	584M	589M	541M	550M
EBIT	129.71M	348.19M	692.64M	812.02M	-133.97M	822M	3.95B	2.62B	-204M	64M
Net Interest Income+	-24M	-24M	-24M	-19.77M	-30.85M	-20.41M	-36.67M	2.88M	51M	34M
Interest Income	0	0	0	5.13M	3.08M	13.34M	10.9M	25.93M	75.36M	59.98M
Interest Expense	24M	24M	24M	24.89M	33.93M	33.75M	47.58M	23.05M	24.44M	26M
Other Income/Expense	-23.43M	-28.27M	-19.09M	0	-45.93M	-111.46M	-47M	34M	56M	31M
Pretax Income+	112.42M	330.33M	672.76M	787.06M	-167.65M	817.15M	3.9B	2.59B	-228M	38M
Pretax Margin %	0.04%	0.1%	0.16%	0.18%	-0.04%	0.18%	0.37%	0.27%	-0.04%	0.01%
Income Tax+	37.47M	87.79M	198.81M	192.36M	-52.82M	202M	951M	618M	-61M	43M
Effective Tax Rate %	0.67%	0.73%	0.7%	0.76%	0.68%	0.72%	0.76%	0.76%	0.73%	-0.13%
Net Income+	74.94M	242.54M	473.96M	594.7M	-114.83M	588M	2.95B	1.98B	-167M	-5M
Net Margin %	0.03%	0.07%	0.12%	0.13%	-0.03%	0.13%	0.28%	0.2%	-0.03%	-0%
Net Income Growth %	-0.66%	2.24%	0.95%	0.25%	-1.19%	6.12%	4.01%	-0.33%	-1.08%	0.97%
Net Income (Continuing)	74.94M	242.54M	473.96M	594.7M	-114.83M	588M	2.95B	1.98B	-167M	-5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.64	2.90	6.07	7.92	-1.66	8.87	27.03	20.86	-2.01	-0.07
EPS Growth %	-0.76%	3.53%	1.09%	0.3%	-1.21%	6.34%	2.05%	-0.23%	-1.1%	0.96%
EPS (Basic)	0.90	3.02	6.07	7.99	-1.67	8.87	27.03	21.06	-2.01	-0.07
Diluted Shares Outstanding	84.4M	81.1M	78.95M	75.1M	69.17M	68.67M	109.56M	94.17M	83.2M	81.12M
Basic Shares Outstanding	83.1M	80.24M	78.1M	74.45M	68.88M	68.67M	109.02M	93.76M	83.2M	80.86M
Dividend Payout Ratio	0.22%	0.07%	0.05%	0.05%	-	0.07%	0.03%	0.05%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	699.72M	697.86M	1.03B	987.5M	884.52M	1.7B	3.22B	2.75B	2.38B	1.84B
Cash & Short-Term Investments	9.37M	37.2M	205.17M	117.47M	12.34M	586.59M	1.57B	1.16B	900M	641M
Cash Only	13M	50M	258M	160M	12.34M	586.59M	847M	1.16B	900M	641M
Short-Term Investments	-3.63M	-12.8M	-52.83M	-42.53M	0	0	721M	0	0	0
Accounts Receivable	222.67M	220.97M	279.92M	279M	303.07M	310.47M	550M	495M	404M	316M
Days Sales Outstanding	27.51	24.36	25.03	22.67	29.63	24.7	19.09	18.62	22.85	18.68
Inventory	454.71M	432.26M	532.8M	580.75M	562.17M	735.46M	1.06B	1.03B	851M	844M
Days Inventory Outstanding	80.14	71.38	78.28	79.82	73.39	99.68	83.37	73.26	66.3	71.1
Other Current Assets	9.34M	52M	56M	112M	0	52.17M	0	0	182M	0
Total Non-Current Assets+	1.92B	1.98B	2.57B	2.53B	2.72B	3.62B	7.22B	7.22B	7.04B	6.92B
Property, Plant & Equipment	1.16B	1.25B	1.5B	1.51B	1.65B	2.11B	4.1B	3.98B	3.83B	3.84B
Fixed Asset Turnover	2.55x	2.64x	2.71x	2.98x	2.26x	2.18x	2.57x	2.44x	1.68x	1.61x
Goodwill	258.7M	264.86M	560.64M	545.51M	555.23M	711.28M	1.98B	1.94B	1.95B	1.88B
Intangible Assets	417.96M	421.1M	444.53M	394.26M	420.28M	514.06M	833M	765M	735M	660M
Long-Term Investments	17.29M	7.44M	41.35M	63.88M	0	0	269M	16.25M	30.7K	0
Other Non-Current Assets	8.65M	7.44M	9.54M	14.68M	81.74M	282.48M	31M	512.75M	513.97M	536M
Total Assets+	2.62B	2.68B	3.59B	3.52B	3.6B	5.32B	10.43B	9.97B	9.41B	8.76B
Asset Turnover	1.13x	1.24x	1.14x	1.28x	1.04x	0.86x	1.01x	0.97x	0.69x	0.70x
Asset Growth %	-0.1%	0.02%	0.34%	-0.02%	0.02%	0.48%	0.96%	-0.04%	-0.06%	-0.07%
Total Current Liabilities+	436.7M	341.49M	463.62M	436.85M	645.46M	671.84M	1.21B	792M	1.05B	934M
Accounts Payable	136.2M	156.98M	194.04M	190.89M	184.31M	251.94M	411M	430M	417M	401M
Days Payables Outstanding	24	25.92	28.51	26.24	24.06	34.15	32.3	30.52	32.49	33.78
Short-Term Debt	128.27M	0	0	44.79M	298.44M	8.91M	10.99M	0	300M	200M
Deferred Revenue (Current)	1000K	0	0	1000K	0	0	1000K	0	0	0
Other Current Liabilities	147.73M	142.85M	335.02M	291.04M	94.85M	226.49M	225.01M	265M	245M	160M
Current Ratio	1.60x	2.04x	2.21x	2.26x	1.37x	2.53x	2.67x	3.47x	2.26x	1.97x
Quick Ratio	0.56x	0.78x	1.07x	0.93x	0.50x	1.44x	1.79x	2.17x	1.45x	1.06x
Cash Conversion Cycle	83.64	69.82	74.8	76.26	78.96	90.24	70.16	61.36	56.66	56
Total Non-Current Liabilities+	635.59M	669.59M	960.64M	954.46M	1.05B	1.49B	1.57B	1.56B	1.14B	872M
Long-Term Debt	304.82M	307.27M	505.77M	508.07M	501.25M	643.84M	499M	499M	199M	0
Capital Lease Obligations	0	0	0	0	6.17M	5.09M	18M	26M	26M	19M
Deferred Tax Liabilities	136.92M	159.96M	178.93M	214.39M	195.1M	0	712M	795M	683M	609M
Other Non-Current Liabilities	15.85M	11.9M	16.7M	16.15M	343.94M	842.34M	342M	242M	23M	244M
Total Liabilities	1.07B	1.01B	1.42B	1.39B	1.69B	2.16B	2.78B	2.35B	2.19B	1.81B
Total Debt+	433.09M	307.27M	505.77M	552.85M	805.86M	660.39M	528M	536M	538M	229M
Net Debt	420.09M	257.27M	247.77M	392.85M	793.52M	73.8M	-337M	-626M	-362M	-412M
Debt / Equity	0.28x	0.18x	0.23x	0.26x	0.42x	0.21x	0.07x	0.07x	0.07x	0.03x
Debt / EBITDA	1.37x	0.61x	0.59x	0.57x	8.35x	0.58x	0.12x	0.17x	2.09x	0.41x
Net Debt / EBITDA	1.32x	0.51x	0.29x	0.40x	8.23x	0.07x	-0.07x	-0.20x	-1.41x	-0.74x
Interest Coverage	7.48x	14.94x	28.83x	31.62x	-3.00x	27.53x	82.92x	111.02x	-11.62x	0.27x
Total Equity+	1.55B	1.67B	2.17B	2.13B	1.91B	3.15B	7.66B	7.62B	7.22B	6.95B
Equity Growth %	-0.11%	0.08%	0.3%	-0.02%	-0.1%	0.65%	1.43%	-0%	-0.05%	-0.04%
Book Value per Share	18.33	20.56	27.46	28.31	27.58	45.91	69.88	80.90	86.82	85.72
Total Shareholders' Equity	1.55B	1.67B	2.17B	2.13B	1.91B	3.15B	7.66B	7.62B	7.22B	6.95B
Common Stock	417.24M	408.45M	436.58M	360.49M	372.47M	612.03M	3.4B	2.67B	2.61B	2.55B
Retained Earnings	1.01B	1.15B	1.65B	1.64B	1.43B	2.85B	4.5B	5.28B	4.91B	4.73B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	118.18M	111.6M	85.88M	124.81M	101.79M	-305.38M	-249M	-332M	-297M	-321M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	216.91M	512.61M	717.3M	667.39M	55.52M	984.3M	3.48B	2.21B	525M	661M
Operating CF Margin %	0.07%	0.15%	0.18%	0.15%	0.01%	0.21%	0.33%	0.23%	0.08%	0.11%
Operating CF Growth %	-0.47%	1.36%	0.4%	-0.07%	-0.92%	16.73%	2.54%	-0.37%	-0.76%	0.26%
Net Income	74.94M	242.54M	473.96M	594.7M	-115.67M	609.11M	2.92B	1.98B	-167M	-4.76M
Depreciation & Amortization	137.64M	146.57M	167M	188.69M	199.73M	213.5M	578.86M	589M	540M	549M
Stock-Based Compensation	0	0	0	0	0	0	0	6.77M	0	0
Deferred Taxes	37.47M	87.79M	198.81M	192.36M	-9.25M	69.86M	-25.77M	618M	-106M	53M
Other Non-Cash Items	-50.44M	-77.38M	-72.37M	-72.69M	-69.4M	105.97M	78.3M	-1.04B	247M	78.76M
Working Capital Changes	-56.93M	66.96M	-49.3M	-54.33M	50.13M	-14.13M	-68.39M	55M	11M	-15M
Change in Receivables	0	0	0	0	53.98M	-83.2M	4.96M	134.45M	6M	5M
Change in Inventory	-11.53M	37.2M	-50.89M	-77.09M	39.33M	-7.06M	-137.78M	20M	132M	11M
Change in Payables	0	0	0	0	-47.04M	81.63M	78.3M	-95.08M	0	0
Cash from Investing+	-207.54M	-195.67M	-679.13M	-259.91M	-301.52M	-174.25M	-283.48M	-459M	-530M	-318M
Capital Expenditures	-158.54M	-203.11M	-267.2M	-271.65M	-316.18M	-189.17M	-629.41M	-477M	-477M	-487M
CapEx % of Revenue	0.05%	0.06%	0.07%	0.06%	0.08%	0.04%	0.06%	0.05%	0.07%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.76M	7.44M	6.36M	11.75M	3.86M	3.92M	645.27M	18M	47M	45M
Cash from Financing+	-38M	-414M	181M	-499.99M	133.41M	-341.44M	-2.11B	-2.13B	-268M	-582M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-23M	-22M	-28M	-27.17M	-42.41M	-43.17M	-74.34M	-95.08M	-100M	-101M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	45M	-67.34M	-61.06M	-23.49M	-3.86M	-2.35M	-72.36M	-26.92M	-24M	-27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	58.37M	309.5M	450.1M	395.73M	-260.65M	795.13M	2.85B	1.73B	48M	174M
FCF Margin %	0.02%	0.09%	0.11%	0.09%	-0.07%	0.17%	0.27%	0.18%	0.01%	0.03%
FCF Growth %	0.04%	4.3%	0.45%	-0.12%	-1.66%	4.05%	2.59%	-0.39%	-0.97%	2.63%
FCF per Share	0.69	3.82	5.70	5.27	-3.77	11.58	26.06	18.37	0.58	2.14
FCF Conversion (FCF/Net Income)	2.89x	2.11x	1.51x	1.12x	-0.48x	1.67x	1.18x	1.12x	-3.14x	-132.20x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.55%	15.09%	24.72%	27.7%	-5.69%	23.24%	54.53%	25.86%	-2.25%	-0.07%
Return on Invested Capital (ROIC)	6.58%	13.82%	23.91%	23.92%	-2.93%	23.52%	56.02%	26.79%	-3.07%	0.08%
Gross Margin	29.9%	33.24%	39.15%	40.88%	25.12%	41.3%	55.84%	47%	27.41%	29.82%
Net Margin	2.54%	7.33%	11.61%	13.24%	-3.08%	12.82%	28.02%	20.36%	-2.59%	-0.08%
Debt / Equity	0.28x	0.18x	0.23x	0.26x	0.42x	0.21x	0.07x	0.07x	0.07x	0.03x
Interest Coverage	7.48x	14.94x	28.83x	31.62x	-3.00x	27.53x	82.92x	111.02x	-11.62x	0.27x
FCF Conversion	2.89x	2.11x	1.51x	1.12x	-0.48x	1.67x	1.18x	1.12x	-3.14x	-132.20x
Revenue Growth	-11.05%	12.06%	23.32%	10.02%	-16.88%	22.88%	129.27%	-7.77%	-33.47%	-4.34%

Revenue by Geography

	2022
UNITED STATES	6.66B
UNITED STATES Growth	-
CANADA	1.53B
CANADA Growth	-
Asia	767M
Asia Growth	-
U.K and Europe	733M
U.K and Europe Growth	-
Other Geographical Areas	11M
Other Geographical Areas Growth	-

Frequently Asked Questions

Growth & Financials

West Fraser Timber Co. Ltd. (WFG) reported $5.71B in revenue for fiscal year 2024. This represents a 111% increase from $2.71B in 2011.

West Fraser Timber Co. Ltd. (WFG) saw revenue decline by 4.3% over the past year.

West Fraser Timber Co. Ltd. (WFG) reported a net loss of $246.1M for fiscal year 2024.

Dividend & Returns

Yes, West Fraser Timber Co. Ltd. (WFG) pays a dividend with a yield of 1.80%. This makes it attractive for income-focused investors.

West Fraser Timber Co. Ltd. (WFG) has a return on equity (ROE) of -0.1%. Negative ROE indicates the company is unprofitable.

West Fraser Timber Co. Ltd. (WFG) generated $10.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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West Fraser Timber Co. Ltd. (WFG) 10-Year Financial Performance & Capital Metrics

WFG • • Industrial / General

Basic MaterialsPaper & Forest ProductsWood Products & Building MaterialsStructural Wood Products

Revenue $6.17B -4.3%
EBITDA $557M +116.7%
Net Income -$5M +97.0%
EPS (Diluted) -0.07 +96.3%
Gross Margin 29.82% +8.8%
EBITDA Margin 9.02% +126.6%
Operating Margin 0.11% +102.6%
Net Margin -0.08% +96.9%
ROE -0.07% +96.9%
ROIC 0.08% +102.5%
Debt/Equity 0.03 -55.8%
Interest Coverage 0.27 +102.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Strong 5Y sales CAGR of 10.6%
✓Share count reduced 2.5% through buybacks
✓Healthy 5Y average net margin of 11.7%
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.39%

5Y10.58%

3Y-16.27%

TTM-15.66%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-68.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM-154.47%

ROCE

10Y Avg17.7%

5Y Avg21.2%

3Y Avg8.22%

Latest0.09%

Peer Comparison

Structural Wood Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LPXLouisiana-Pacific Corporation	6.53B	93.71	15.91	13.95%	7.65%	12.42%	6.47%	0.23
WFGWest Fraser Timber Co. Ltd.	5.27B	69.30	-936.49	-4.34%	-4.31%	-3.72%	3.3%	0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.95B	3.31B	4.08B	4.49B	3.73B	4.59B	10.52B	9.7B	6.45B	6.17B
Revenue Growth %	-0.11%	0.12%	0.23%	0.1%	-0.17%	0.23%	1.29%	-0.08%	-0.33%	-0.04%
Cost of Goods Sold+	2.07B	2.21B	2.48B	2.66B	2.8B	2.69B	4.64B	5.14B	4.68B	4.33B
COGS % of Revenue	0.7%	0.67%	0.61%	0.59%	0.75%	0.59%	0.44%	0.53%	0.73%	0.7%
Gross Profit+	883.48M	1.1B	1.6B	1.84B	937.78M	1.89B	5.87B	4.56B	1.77B	1.84B
Gross Margin %	0.3%	0.33%	0.39%	0.41%	0.25%	0.41%	0.56%	0.47%	0.27%	0.3%
Gross Profit Growth %	-0.22%	0.25%	0.45%	0.15%	-0.49%	1.02%	2.1%	-0.22%	-0.61%	0.04%
Operating Expenses+	704.05M	741.76M	906.56M	1.05B	1.03B	1.03B	1.93B	2B	2.05B	1.83B
OpEx % of Revenue	0.24%	0.22%	0.22%	0.23%	0.28%	0.23%	0.18%	0.21%	0.32%	0.3%
Selling, General & Admin	545.51M	595.19M	701.39M	712.17M	711.95M	758.34M	1.2B	1.33B	1.23B	1.11B
SG&A % of Revenue	0.18%	0.18%	0.17%	0.16%	0.19%	0.17%	0.11%	0.14%	0.19%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	2.16M	7.44M	205.17M	6.61M	322.29M	275.26M	730M	667M	827M	723M
Operating Income+	179.43M	358.6M	691.85M	787.06M	-101.82M	929.36M	3.94B	2.56B	-284M	7M
Operating Margin %	0.06%	0.11%	0.17%	0.18%	-0.03%	0.2%	0.38%	0.26%	-0.04%	0%
Operating Income Growth %	-0.49%	1%	0.93%	0.14%	-1.13%	10.13%	3.24%	-0.35%	-1.11%	1.02%
EBITDA+	317.07M	505.17M	858.85M	975.75M	96.46M	1.13B	4.53B	3.15B	257M	557M
EBITDA Margin %	0.11%	0.15%	0.21%	0.22%	0.03%	0.25%	0.43%	0.32%	0.04%	0.09%
EBITDA Growth %	-0.36%	0.59%	0.7%	0.14%	-0.9%	10.74%	3%	-0.3%	-0.92%	1.17%
D&A (Non-Cash Add-back)	137.64M	146.57M	167M	188.69M	198.27M	203M	584M	589M	541M	550M
EBIT	129.71M	348.19M	692.64M	812.02M	-133.97M	822M	3.95B	2.62B	-204M	64M
Net Interest Income+	-24M	-24M	-24M	-19.77M	-30.85M	-20.41M	-36.67M	2.88M	51M	34M
Interest Income	0	0	0	5.13M	3.08M	13.34M	10.9M	25.93M	75.36M	59.98M
Interest Expense	24M	24M	24M	24.89M	33.93M	33.75M	47.58M	23.05M	24.44M	26M
Other Income/Expense	-23.43M	-28.27M	-19.09M	0	-45.93M	-111.46M	-47M	34M	56M	31M
Pretax Income+	112.42M	330.33M	672.76M	787.06M	-167.65M	817.15M	3.9B	2.59B	-228M	38M
Pretax Margin %	0.04%	0.1%	0.16%	0.18%	-0.04%	0.18%	0.37%	0.27%	-0.04%	0.01%
Income Tax+	37.47M	87.79M	198.81M	192.36M	-52.82M	202M	951M	618M	-61M	43M
Effective Tax Rate %	0.67%	0.73%	0.7%	0.76%	0.68%	0.72%	0.76%	0.76%	0.73%	-0.13%
Net Income+	74.94M	242.54M	473.96M	594.7M	-114.83M	588M	2.95B	1.98B	-167M	-5M
Net Margin %	0.03%	0.07%	0.12%	0.13%	-0.03%	0.13%	0.28%	0.2%	-0.03%	-0%
Net Income Growth %	-0.66%	2.24%	0.95%	0.25%	-1.19%	6.12%	4.01%	-0.33%	-1.08%	0.97%
Net Income (Continuing)	74.94M	242.54M	473.96M	594.7M	-114.83M	588M	2.95B	1.98B	-167M	-5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.64	2.90	6.07	7.92	-1.66	8.87	27.03	20.86	-2.01	-0.07
EPS Growth %	-0.76%	3.53%	1.09%	0.3%	-1.21%	6.34%	2.05%	-0.23%	-1.1%	0.96%
EPS (Basic)	0.90	3.02	6.07	7.99	-1.67	8.87	27.03	21.06	-2.01	-0.07
Diluted Shares Outstanding	84.4M	81.1M	78.95M	75.1M	69.17M	68.67M	109.56M	94.17M	83.2M	81.12M
Basic Shares Outstanding	83.1M	80.24M	78.1M	74.45M	68.88M	68.67M	109.02M	93.76M	83.2M	80.86M
Dividend Payout Ratio	0.22%	0.07%	0.05%	0.05%	-	0.07%	0.03%	0.05%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	699.72M	697.86M	1.03B	987.5M	884.52M	1.7B	3.22B	2.75B	2.38B	1.84B
Cash & Short-Term Investments	9.37M	37.2M	205.17M	117.47M	12.34M	586.59M	1.57B	1.16B	900M	641M
Cash Only	13M	50M	258M	160M	12.34M	586.59M	847M	1.16B	900M	641M
Short-Term Investments	-3.63M	-12.8M	-52.83M	-42.53M	0	0	721M	0	0	0
Accounts Receivable	222.67M	220.97M	279.92M	279M	303.07M	310.47M	550M	495M	404M	316M
Days Sales Outstanding	27.51	24.36	25.03	22.67	29.63	24.7	19.09	18.62	22.85	18.68
Inventory	454.71M	432.26M	532.8M	580.75M	562.17M	735.46M	1.06B	1.03B	851M	844M
Days Inventory Outstanding	80.14	71.38	78.28	79.82	73.39	99.68	83.37	73.26	66.3	71.1
Other Current Assets	9.34M	52M	56M	112M	0	52.17M	0	0	182M	0
Total Non-Current Assets+	1.92B	1.98B	2.57B	2.53B	2.72B	3.62B	7.22B	7.22B	7.04B	6.92B
Property, Plant & Equipment	1.16B	1.25B	1.5B	1.51B	1.65B	2.11B	4.1B	3.98B	3.83B	3.84B
Fixed Asset Turnover	2.55x	2.64x	2.71x	2.98x	2.26x	2.18x	2.57x	2.44x	1.68x	1.61x
Goodwill	258.7M	264.86M	560.64M	545.51M	555.23M	711.28M	1.98B	1.94B	1.95B	1.88B
Intangible Assets	417.96M	421.1M	444.53M	394.26M	420.28M	514.06M	833M	765M	735M	660M
Long-Term Investments	17.29M	7.44M	41.35M	63.88M	0	0	269M	16.25M	30.7K	0
Other Non-Current Assets	8.65M	7.44M	9.54M	14.68M	81.74M	282.48M	31M	512.75M	513.97M	536M
Total Assets+	2.62B	2.68B	3.59B	3.52B	3.6B	5.32B	10.43B	9.97B	9.41B	8.76B
Asset Turnover	1.13x	1.24x	1.14x	1.28x	1.04x	0.86x	1.01x	0.97x	0.69x	0.70x
Asset Growth %	-0.1%	0.02%	0.34%	-0.02%	0.02%	0.48%	0.96%	-0.04%	-0.06%	-0.07%
Total Current Liabilities+	436.7M	341.49M	463.62M	436.85M	645.46M	671.84M	1.21B	792M	1.05B	934M
Accounts Payable	136.2M	156.98M	194.04M	190.89M	184.31M	251.94M	411M	430M	417M	401M
Days Payables Outstanding	24	25.92	28.51	26.24	24.06	34.15	32.3	30.52	32.49	33.78
Short-Term Debt	128.27M	0	0	44.79M	298.44M	8.91M	10.99M	0	300M	200M
Deferred Revenue (Current)	1000K	0	0	1000K	0	0	1000K	0	0	0
Other Current Liabilities	147.73M	142.85M	335.02M	291.04M	94.85M	226.49M	225.01M	265M	245M	160M
Current Ratio	1.60x	2.04x	2.21x	2.26x	1.37x	2.53x	2.67x	3.47x	2.26x	1.97x
Quick Ratio	0.56x	0.78x	1.07x	0.93x	0.50x	1.44x	1.79x	2.17x	1.45x	1.06x
Cash Conversion Cycle	83.64	69.82	74.8	76.26	78.96	90.24	70.16	61.36	56.66	56
Total Non-Current Liabilities+	635.59M	669.59M	960.64M	954.46M	1.05B	1.49B	1.57B	1.56B	1.14B	872M
Long-Term Debt	304.82M	307.27M	505.77M	508.07M	501.25M	643.84M	499M	499M	199M	0
Capital Lease Obligations	0	0	0	0	6.17M	5.09M	18M	26M	26M	19M
Deferred Tax Liabilities	136.92M	159.96M	178.93M	214.39M	195.1M	0	712M	795M	683M	609M
Other Non-Current Liabilities	15.85M	11.9M	16.7M	16.15M	343.94M	842.34M	342M	242M	23M	244M
Total Liabilities	1.07B	1.01B	1.42B	1.39B	1.69B	2.16B	2.78B	2.35B	2.19B	1.81B
Total Debt+	433.09M	307.27M	505.77M	552.85M	805.86M	660.39M	528M	536M	538M	229M
Net Debt	420.09M	257.27M	247.77M	392.85M	793.52M	73.8M	-337M	-626M	-362M	-412M
Debt / Equity	0.28x	0.18x	0.23x	0.26x	0.42x	0.21x	0.07x	0.07x	0.07x	0.03x
Debt / EBITDA	1.37x	0.61x	0.59x	0.57x	8.35x	0.58x	0.12x	0.17x	2.09x	0.41x
Net Debt / EBITDA	1.32x	0.51x	0.29x	0.40x	8.23x	0.07x	-0.07x	-0.20x	-1.41x	-0.74x
Interest Coverage	7.48x	14.94x	28.83x	31.62x	-3.00x	27.53x	82.92x	111.02x	-11.62x	0.27x
Total Equity+	1.55B	1.67B	2.17B	2.13B	1.91B	3.15B	7.66B	7.62B	7.22B	6.95B
Equity Growth %	-0.11%	0.08%	0.3%	-0.02%	-0.1%	0.65%	1.43%	-0%	-0.05%	-0.04%
Book Value per Share	18.33	20.56	27.46	28.31	27.58	45.91	69.88	80.90	86.82	85.72
Total Shareholders' Equity	1.55B	1.67B	2.17B	2.13B	1.91B	3.15B	7.66B	7.62B	7.22B	6.95B
Common Stock	417.24M	408.45M	436.58M	360.49M	372.47M	612.03M	3.4B	2.67B	2.61B	2.55B
Retained Earnings	1.01B	1.15B	1.65B	1.64B	1.43B	2.85B	4.5B	5.28B	4.91B	4.73B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	118.18M	111.6M	85.88M	124.81M	101.79M	-305.38M	-249M	-332M	-297M	-321M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	216.91M	512.61M	717.3M	667.39M	55.52M	984.3M	3.48B	2.21B	525M	661M
Operating CF Margin %	0.07%	0.15%	0.18%	0.15%	0.01%	0.21%	0.33%	0.23%	0.08%	0.11%
Operating CF Growth %	-0.47%	1.36%	0.4%	-0.07%	-0.92%	16.73%	2.54%	-0.37%	-0.76%	0.26%
Net Income	74.94M	242.54M	473.96M	594.7M	-115.67M	609.11M	2.92B	1.98B	-167M	-4.76M
Depreciation & Amortization	137.64M	146.57M	167M	188.69M	199.73M	213.5M	578.86M	589M	540M	549M
Stock-Based Compensation	0	0	0	0	0	0	0	6.77M	0	0
Deferred Taxes	37.47M	87.79M	198.81M	192.36M	-9.25M	69.86M	-25.77M	618M	-106M	53M
Other Non-Cash Items	-50.44M	-77.38M	-72.37M	-72.69M	-69.4M	105.97M	78.3M	-1.04B	247M	78.76M
Working Capital Changes	-56.93M	66.96M	-49.3M	-54.33M	50.13M	-14.13M	-68.39M	55M	11M	-15M
Change in Receivables	0	0	0	0	53.98M	-83.2M	4.96M	134.45M	6M	5M
Change in Inventory	-11.53M	37.2M	-50.89M	-77.09M	39.33M	-7.06M	-137.78M	20M	132M	11M
Change in Payables	0	0	0	0	-47.04M	81.63M	78.3M	-95.08M	0	0
Cash from Investing+	-207.54M	-195.67M	-679.13M	-259.91M	-301.52M	-174.25M	-283.48M	-459M	-530M	-318M
Capital Expenditures	-158.54M	-203.11M	-267.2M	-271.65M	-316.18M	-189.17M	-629.41M	-477M	-477M	-487M
CapEx % of Revenue	0.05%	0.06%	0.07%	0.06%	0.08%	0.04%	0.06%	0.05%	0.07%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.76M	7.44M	6.36M	11.75M	3.86M	3.92M	645.27M	18M	47M	45M
Cash from Financing+	-38M	-414M	181M	-499.99M	133.41M	-341.44M	-2.11B	-2.13B	-268M	-582M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-23M	-22M	-28M	-27.17M	-42.41M	-43.17M	-74.34M	-95.08M	-100M	-101M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	45M	-67.34M	-61.06M	-23.49M	-3.86M	-2.35M	-72.36M	-26.92M	-24M	-27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	58.37M	309.5M	450.1M	395.73M	-260.65M	795.13M	2.85B	1.73B	48M	174M
FCF Margin %	0.02%	0.09%	0.11%	0.09%	-0.07%	0.17%	0.27%	0.18%	0.01%	0.03%
FCF Growth %	0.04%	4.3%	0.45%	-0.12%	-1.66%	4.05%	2.59%	-0.39%	-0.97%	2.63%
FCF per Share	0.69	3.82	5.70	5.27	-3.77	11.58	26.06	18.37	0.58	2.14
FCF Conversion (FCF/Net Income)	2.89x	2.11x	1.51x	1.12x	-0.48x	1.67x	1.18x	1.12x	-3.14x	-132.20x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.55%	15.09%	24.72%	27.7%	-5.69%	23.24%	54.53%	25.86%	-2.25%	-0.07%
Return on Invested Capital (ROIC)	6.58%	13.82%	23.91%	23.92%	-2.93%	23.52%	56.02%	26.79%	-3.07%	0.08%
Gross Margin	29.9%	33.24%	39.15%	40.88%	25.12%	41.3%	55.84%	47%	27.41%	29.82%
Net Margin	2.54%	7.33%	11.61%	13.24%	-3.08%	12.82%	28.02%	20.36%	-2.59%	-0.08%
Debt / Equity	0.28x	0.18x	0.23x	0.26x	0.42x	0.21x	0.07x	0.07x	0.07x	0.03x
Interest Coverage	7.48x	14.94x	28.83x	31.62x	-3.00x	27.53x	82.92x	111.02x	-11.62x	0.27x
FCF Conversion	2.89x	2.11x	1.51x	1.12x	-0.48x	1.67x	1.18x	1.12x	-3.14x	-132.20x
Revenue Growth	-11.05%	12.06%	23.32%	10.02%	-16.88%	22.88%	129.27%	-7.77%	-33.47%	-4.34%

Revenue by Geography

	2022
UNITED STATES	6.66B
UNITED STATES Growth	-
CANADA	1.53B
CANADA Growth	-
Asia	767M
Asia Growth	-
U.K and Europe	733M
U.K and Europe Growth	-
Other Geographical Areas	11M
Other Geographical Areas Growth	-

Frequently Asked Questions

Growth & Financials

West Fraser Timber Co. Ltd. (WFG) reported $5.71B in revenue for fiscal year 2024. This represents a 111% increase from $2.71B in 2011.

West Fraser Timber Co. Ltd. (WFG) saw revenue decline by 4.3% over the past year.

West Fraser Timber Co. Ltd. (WFG) reported a net loss of $246.1M for fiscal year 2024.

Dividend & Returns

Yes, West Fraser Timber Co. Ltd. (WFG) pays a dividend with a yield of 1.80%. This makes it attractive for income-focused investors.

West Fraser Timber Co. Ltd. (WFG) has a return on equity (ROE) of -0.1%. Negative ROE indicates the company is unprofitable.

West Fraser Timber Co. Ltd. (WFG) generated $10.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.