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WESTERN FOREST PRODUCTS INC (WEF.CA) Stock Fundamental Analysis

Canada - TSX:WEF - CA9582117086 - Common Stock

12.22 CAD
-0.13 (-1.05%)
Last: 10/16/2025, 7:00:00 PM
Fundamental Rating

3

Taking everything into account, WEF scores 3 out of 10 in our fundamental rating. WEF was compared to 12 industry peers in the Paper & Forest Products industry. The financial health of WEF is average, but there are quite some concerns on its profitability. WEF does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year WEF has reported negative net income.
In the past year WEF had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: WEF reported negative net income in multiple years.
In multiple years WEF reported negative operating cash flow during the last 5 years.
WEF.CA Yearly Net Income VS EBIT VS OCF VS FCFWEF.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

1.2 Ratios

WEF has a Return On Assets of -2.58%. This is comparable to the rest of the industry: WEF outperforms 58.33% of its industry peers.
WEF has a Return On Equity (-3.92%) which is in line with its industry peers.
Industry RankSector Rank
ROA -2.58%
ROE -3.92%
ROIC N/A
ROA(3y)-1.4%
ROA(5y)4.14%
ROE(3y)-2.68%
ROE(5y)6.29%
ROIC(3y)N/A
ROIC(5y)N/A
WEF.CA Yearly ROA, ROE, ROICWEF.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

1.3 Margins

WEF's Gross Margin of 8.95% is on the low side compared to the rest of the industry. WEF is outperformed by 75.00% of its industry peers.
WEF's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for WEF so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 8.95%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-26.24%
GM growth 5Y7.26%
WEF.CA Yearly Profit, Operating, Gross MarginsWEF.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

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5

2. Health

2.1 Basic Checks

WEF does not have a ROIC to compare to the WACC, probably because it is not profitable.
WEF has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for WEF has been reduced compared to 5 years ago.
WEF has a worse debt/assets ratio than last year.
WEF.CA Yearly Shares OutstandingWEF.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
WEF.CA Yearly Total Debt VS Total AssetsWEF.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

WEF has an Altman-Z score of 1.87. This is not the best score and indicates that WEF is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 1.87, WEF is doing good in the industry, outperforming 66.67% of the companies in the same industry.
WEF has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.08, WEF belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF N/A
Altman-Z 1.87
ROIC/WACCN/A
WACC7.1%
WEF.CA Yearly LT Debt VS Equity VS FCFWEF.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 2.70 indicates that WEF has no problem at all paying its short term obligations.
WEF has a Current ratio of 2.70. This is amongst the best in the industry. WEF outperforms 83.33% of its industry peers.
WEF has a Quick Ratio of 2.70. This is a bad value and indicates that WEF is not financially healthy enough and could expect problems in meeting its short term obligations.
WEF has a better Quick ratio (0.96) than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.7
Quick Ratio 0.96
WEF.CA Yearly Current Assets VS Current LiabilitesWEF.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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3

3. Growth

3.1 Past

WEF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -441.46%.
Looking at the last year, WEF shows a small growth in Revenue. The Revenue has grown by 3.88% in the last year.
The Revenue has been growing slightly by 5.66% on average over the past years.
EPS 1Y (TTM)-441.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-440%
Revenue 1Y (TTM)3.88%
Revenue growth 3Y-9.13%
Revenue growth 5Y5.66%
Sales Q2Q%-6.59%

3.2 Future

The Earnings Per Share is expected to grow by 18.92% on average over the next years. This is quite good.
WEF is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.43% yearly.
EPS Next Y-88.66%
EPS Next 2Y-6.26%
EPS Next 3Y25.99%
EPS Next 5Y18.92%
Revenue Next Year-0.95%
Revenue Next 2Y2.43%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WEF.CA Yearly Revenue VS EstimatesWEF.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B
WEF.CA Yearly EPS VS EstimatesWEF.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5 -5 10 15

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for WEF. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for WEF. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WEF.CA Price Earnings VS Forward Price EarningsWEF.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WEF indicates a slightly more expensive valuation: WEF is more expensive than 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 21.79
WEF.CA Per share dataWEF.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80 100

4.3 Compensation for Growth

A more expensive valuation may be justified as WEF's earnings are expected to grow with 25.99% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.26%
EPS Next 3Y25.99%

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0

5. Dividend

5.1 Amount

WEF does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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WESTERN FOREST PRODUCTS INC

TSX:WEF (10/16/2025, 7:00:00 PM)

12.22

-0.13 (-1.05%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-05 2025-11-05
Inst Owners37.61%
Inst Owner ChangeN/A
Ins Owners0.82%
Ins Owner ChangeN/A
Market Cap129.04M
Analysts50
Price Target12.88 (5.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-68.32%
Min EPS beat(2)-434.65%
Max EPS beat(2)298.02%
EPS beat(4)2
Avg EPS beat(4)-13.86%
Min EPS beat(4)-434.65%
Max EPS beat(4)298.02%
EPS beat(8)5
Avg EPS beat(8)9.39%
EPS beat(12)6
Avg EPS beat(12)-6.32%
EPS beat(16)9
Avg EPS beat(16)-3.26%
Revenue beat(2)1
Avg Revenue beat(2)1.47%
Min Revenue beat(2)-4.27%
Max Revenue beat(2)7.21%
Revenue beat(4)2
Avg Revenue beat(4)0.97%
Min Revenue beat(4)-4.27%
Max Revenue beat(4)7.21%
Revenue beat(8)4
Avg Revenue beat(8)2.28%
Revenue beat(12)8
Avg Revenue beat(12)5.72%
Revenue beat(16)12
Avg Revenue beat(16)6.27%
PT rev (1m)0%
PT rev (3m)2629.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2300%
EPS NY rev (1m)0%
EPS NY rev (3m)-4469.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.04%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.12
P/FCF N/A
P/OCF 3.7
P/B 0.23
P/tB 0.28
EV/EBITDA 21.79
EPS(TTM)-2.22
EYN/A
EPS(NY)-2.39
Fwd EYN/A
FCF(TTM)-0.04
FCFYN/A
OCF(TTM)3.3
OCFY27.05%
SpS100.99
BVpS52.15
TBVpS43.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.58%
ROE -3.92%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 8.95%
FCFM N/A
ROA(3y)-1.4%
ROA(5y)4.14%
ROE(3y)-2.68%
ROE(5y)6.29%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-26.24%
GM growth 5Y7.26%
F-Score6
Asset Turnover1.27
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF N/A
Debt/EBITDA 5.24
Cap/Depr 66.1%
Cap/Sales 3.31%
Interest Coverage N/A
Cash Conversion 436.25%
Profit Quality N/A
Current Ratio 2.7
Quick Ratio 0.96
Altman-Z 1.87
F-Score6
WACC7.1%
ROIC/WACCN/A
Cap/Depr(3y)78.79%
Cap/Depr(5y)67.27%
Cap/Sales(3y)3.57%
Cap/Sales(5y)3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-441.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-440%
EPS Next Y-88.66%
EPS Next 2Y-6.26%
EPS Next 3Y25.99%
EPS Next 5Y18.92%
Revenue 1Y (TTM)3.88%
Revenue growth 3Y-9.13%
Revenue growth 5Y5.66%
Sales Q2Q%-6.59%
Revenue Next Year-0.95%
Revenue Next 2Y2.43%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y26.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year81.78%
EBIT Next 3Y43.2%
EBIT Next 5Y30.91%
FCF growth 1Y99.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y326.62%
OCF growth 3Y-58.52%
OCF growth 5Y13.87%