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

TSX:WEF - CA9582112038 - Common Stock

12.33 CAD
+0.09 (+0.74%)
Last: 9/10/2025, 7:00:00 PM
Fundamental Rating

3

Overall WEF gets a fundamental rating of 3 out of 10. We evaluated WEF against 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 has a expensive valuation and it also scores bad on growth.


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.
WEF had a positive operating cash flow in the past year.
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

With a Return On Assets value of -2.58%, WEF perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
WEF has a Return On Equity of -3.92%. This is comparable to the rest of the industry: WEF outperforms 58.33% of 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 has a worse Gross Margin (8.95%) than 75.00% of its industry peers.
WEF's Gross Margin has improved in the last couple of years.
WEF does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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.
WEF has less shares outstanding than it did 5 years ago.
The debt/assets ratio for WEF is higher compared to a year ago.
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

An Altman-Z score of 1.87 indicates that WEF is not a great score, but indicates only limited risk for bankruptcy at the moment.
WEF has a Altman-Z score of 1.87. This is in the better half of the industry: WEF outperforms 66.67% of its industry peers.
A Debt/Equity ratio of 0.08 indicates that WEF is not too dependend on debt financing.
The Debt to Equity ratio of WEF (0.08) is better than 91.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF N/A
Altman-Z 1.87
ROIC/WACCN/A
WACC7.16%
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

WEF has a Current Ratio of 2.70. This indicates that WEF is financially healthy and has no problem in meeting 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.
A Quick Ratio of 0.96 indicates that WEF may have some problems paying its short term obligations.
WEF has a Quick ratio of 0.96. This is in the better half of the industry: WEF outperforms 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

The earnings per share for WEF have decreased strongly by -300.00% in the last year.
The Revenue has been growing slightly by 3.88% in the past year.
The Revenue has been growing slightly by 5.66% on average over the past years.
EPS 1Y (TTM)-300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-16100%
Revenue 1Y (TTM)3.88%
Revenue growth 3Y-9.13%
Revenue growth 5Y5.66%
Sales Q2Q%-6.59%

3.2 Future

WEF is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.92% yearly.
Based on estimates for the next years, WEF will show a small growth in Revenue. The Revenue will grow by 2.43% on average per year.
EPS Next Y-4344%
EPS Next 2Y-415.72%
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

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

WEF reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year WEF is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 20 -20 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, WEF is valued a bit more expensive than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 21.94
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

WEF's earnings are expected to grow with 25.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-415.72%
EPS Next 3Y25.99%

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0

5. Dividend

5.1 Amount

No dividends for WEF!.
Industry RankSector Rank
Dividend Yield N/A

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WESTERN FOREST PRODUCTS INC

TSX:WEF (9/10/2025, 7:00:00 PM)

12.33

+0.09 (+0.74%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-04 2025-11-04
Inst Owners40.35%
Inst Owner ChangeN/A
Ins Owners0.84%
Ins Owner ChangeN/A
Market Cap130.20M
Analysts50
Price Target12.88 (4.46%)
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)2629.73%
PT rev (3m)2629.73%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-4469.06%
EPS NY rev (3m)-4469.06%
Revenue NQ rev (1m)-1.97%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-6.61%
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 3.73
P/B 0.24
P/tB 0.28
EV/EBITDA 21.94
EPS(TTM)-0.48
EYN/A
EPS(NY)-2.39
Fwd EYN/A
FCF(TTM)-0.04
FCFYN/A
OCF(TTM)3.3
OCFY26.8%
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
WACC7.16%
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)-300%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-16100%
EPS Next Y-4344%
EPS Next 2Y-415.72%
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 Year132.88%
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%