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WFGWest Fraser Timber Co. Ltd.
$67.86$5.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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WFG logo

West Fraser Timber Co. Ltd.

WFG
NYSE · Paper & Forest Products
$67.86
At close - Nov 6, 4:00 PM EST - USD
Market Cap$5.16B
P/E-5.1x
52W High$76.99
Volume200K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Cyclical Trough Erodes Equity While Balance Sheet Holds Firm

West Fraser's fundamentals suggest a cyclical downturn in lumber and OSB pricing, with revenue turning negative at -10.1% YoY in 2025Q3 and gross margin falling to -9.1% in 2025Q4, indicating benchmark prices have failed to cover production costs at many operations.

GrowthContracting
ProfitabilityNegative
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

WFG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-126% Peers

P/E is 126% below peer median

03

Market leadership

RS 66 · Avg

Average momentum (RS Rating: 66)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Jan 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has contracted to -10.1% YoY and gross margin turned negative at -9.1% in 2025Q4, with operating margin at -18.8% and a net loss of -$761.9M, suggesting fixed costs are overwhelming thin gross profit.

Analyst Consensus+17.9% target
Buy(6 analysts)
6 Buy0 Hold0 Sell

The Bull Case

Upside Catalysts

Strong balance sheet

West Fraser's financial resilience, with $1.6 billion in liquidity and a positive net cash position, provides flexibility for counter-cyclical investments.

Low-cost operator advantage

The company's ability to maintain low operational costs enhances profitability and long-term growth potential.

Shareholder value focus

West Fraser prioritizes delivering shareholder value through prudent financial management and reinvestment of profits.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
WFG+9.59%
S&P 500 (^GSPC)+7.63%
1-Year Return
WFG+16.93%
S&P 500 (^GSPC)+9.69%
3-Year Return
WFG-5.10%
S&P 500 (^GSPC)+66.13%
5-Year Return
WFG-11.58%
S&P 500 (^GSPC)+54.25%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-5.1x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-5.1x
3.5x
0th· Low
EV/EBITDA
N/A
11.9x
N/A
Price/FCF
N/A
40.4x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$10.15-85.0%
Base (Fair)$21.00-69.1%
Bull$25.66-62.2%
$10.15 Bear$21.00 Base$25.66 Bull
Current Market Price: $67.86
Trades at a 223.1% premium to Base DCF ($21.00)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$5.55B-10.1% YoY
Net income FY25
-$953M-18952.5% YoY
Free cash flow FY25
-$315M-281.0% YoY
Operating margin FY25
-8.7%-8.8 pts YoY
ROIC (FY25)-5.8%
Avg ROIC 5Y13.4%
ROE (TTM)-18.4%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/12 (17%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 28, 2026
-$1.03-22.3%
vs -$0.84
$1.4B-4.0%
vs $1.4B
Q3 2026
Jul 29, 2026
-$0.78-11.1%
vs -$0.70
$1.4B-1.4%
vs $1.5B
Q2 2026
Apr 29, 2026
-$2.40-95.1%
vs -$1.23
$1.3B+1.4%
vs $1.3B
Q1 2026
Feb 11, 2026
-$9.63-306.0%
vs -$2.37
$1.2B-2.3%
vs $1.2B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 29, 2026
West Fraser Timber Co. Ltd. (WFG:CA) Q3 2026 Earnings Call Transcript

West Fraser Timber Co. Ltd. ( WFG:CA ) Q3 2026 Earnings Call October 29, 2026 11:00 AM EDT Company Participants Sean McLaren - CEO, President & Director Christopher Virostek - EVP & Chief Financial Officer Matt Tobin - Senior Vice President of Sales & Marketing Conference Call Participants Ben Isaacson - Scotiabank Global Banking and Markets, Research Division Sean Steuart - TD Cowen, Research Division Ketan Mamtora - BMO Capital Markets Equity Research Hamir Patel - CIBC Capital Markets, Research Division Matthew McKellar - RBC Capital Markets, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the West Fraser Q3 2026 Results Conference Call.

PRNewsWire·Oct 28, 2026
West Fraser Announces Third Quarter 2026 Results and Indefinite Curtailments in its OSB and Lumber Portfolios

VANCOUVER, BC, Oct. 28, 2026 /PRNewswire/ -- West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) reported today the third quarter results of 2026 ("Q3-26").

PRNewsWire·Oct 8, 2026
Notice of Third Quarter Results Conference Call

VANCOUVER, BC, Oct. 8, 2026 /PRNewswire/ -- West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) will hold an analysts' conference call to discuss third quarter 2026 financial and operating results on Thursday, October 29, 2026 at 8:00 a.m.

Defense World·Sep 30, 2026
Financial Contrast: Suzano (NYSE:SUZ) and West Fraser Timber (NYSE:WFG)

West Fraser Timber (NYSE: WFG - Get Free Report) and Suzano (NYSE: SUZ - Get Free Report) are both materials companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, institutional ownership, risk, valuation, analyst recommendations, dividends and earnings. Volatility and Risk West Fraser Timber has a

Filtered for West Fraser Timber Co. Ltd.More Headlines
04

Compare before deciding

Benchmark WFG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for West Fraser Timber Co. Ltd. (WFG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WFG logoWFGWest Fraser Timber Co. Ltd.Current
$67.86$5.16B-5.13-10.06%-21.22%-18.38%1.88%
WY logoWYWeyerhaeuser Company
$20.98$15.13B33.41-3.07%6.47%4.81%4%
RYN logoRYNRayonier Inc.
$21.55$3.33B22.42-61.64%11.49%3.44%8.54%
LPX logoLPXLouisiana-Pacific Corporation
$75.36$5.27B77.58-7.92%2.72%3.92%1.48%
BCC logoBCCBoise Cascade Company
$70.24$2.47B20.44-4.75%1.82%5.89%1.33%
UFPI logoUFPIUFP Industries, Inc.
$79.92$4.51B19.05-4.99%3.61%7.53%1.75%

Compare WFG vs Peers

West Fraser Timber Co. Ltd. (WFG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WY

Most directly comparable listed peer for WFG.

Scale Benchmark

vs CAT

Larger-name benchmark to compare WFG against a more recognizable public peer.

Peer Set

Compare Top 5

vs WY, RYN, LPX, BCC

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WFG Frequently Asked Questions

West Fraser Timber Co. Ltd. (WFG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is West Fraser Timber Co. Ltd.'s revenue?

West Fraser Timber Co. Ltd. (WFG) reported $4.88B in revenue over the trailing twelve months. Revenue was $5.55B in fiscal year 2025. That is 364% more than the $1.20B of fiscal year 1996.

How fast is West Fraser Timber Co. Ltd. growing?

West Fraser Timber Co. Ltd. (WFG) revenue fell by 14.7% over the trailing twelve months, compared with the twelve months before.

Is WFG profitable?

No. West Fraser Timber Co. Ltd. (WFG) reported a net loss of $1.03B over the trailing twelve months.

Dividend & Returns
Does WFG pay dividends?

Yes. West Fraser Timber Co. Ltd. (WFG) pays a dividend that yields 1.88% at the current price, a moderate yield.

What is WFG's return on equity?

West Fraser Timber Co. Ltd. (WFG) had a return on equity (ROE) of -18.4% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is West Fraser Timber Co. Ltd.'s free cash flow?

West Fraser Timber Co. Ltd. (WFG) had negative free cash flow of $446.9M over the trailing twelve months.

What if you invested $1,000 in WFG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →