Last C$25.02 CAD
Change Today -0.06 / -0.24%
Volume 528.6K
CFP On Other Exchanges
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As of 4:00 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

canfor corp (CFP) Snapshot

Open
C$24.83
Previous Close
C$25.08
Day High
C$25.25
Day Low
C$24.83
52 Week High
02/13/14 - C$30.02
52 Week Low
11/1/13 - C$21.16
Market Cap
3.4B
Average Volume 10 Days
356.2K
EPS TTM
C$1.30
Shares Outstanding
135.4M
EX-Date
07/29/03
P/E TM
19.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for CANFOR CORP (CFP)

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canfor corp (CFP) Details

Canfor Corporation, together with its subsidiaries, engages in the manufacture and sale of forest products primarily in Canada, Asia, the United States, and Europe. The company is involved in the manufacture and sale of remanufactured and finger-jointed lumber, treated lumber, wood chips, wood pellets, and logs, as well as softwood lumber and oriented strand boards; and sawmilling and remanufacturing operations, as well as logging operations. It also produces and sells pulp and paper products, including northern bleached softwood kraft and bleached chemi-thermo mechanical pulp, as well as specialty paper; and purchases and sells residual fiber products. In addition, the company markets lumber products that are produced from independent mills and offshore countries. Canfor Corporation was founded in 1938 and is headquartered in Vancouver, Canada.

4,221 Employees
Last Reported Date: 02/6/14
Founded in 1938

canfor corp (CFP) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$650.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$435.0K
Senior Vice President of Wood Products Operat...
Total Annual Compensation: C$435.0K
Senior Vice President of Forestry/Environment...
Total Annual Compensation: C$400.0K
Senior Vice President of Corporate & Legal Af...
Total Annual Compensation: C$300.0K
Compensation as of Fiscal Year 2013.

canfor corp (CFP) Key Developments

Canfor Corp. Plans to Construct Pellet Plants in Chetwynd and Fort St. John Sawmill Sites

Canfor Corp. announced that its plans to construct a pellet plant at each of the company's Chetwynd and Fort St. John sawmill sites. The pellet plants will be constructed and operated in partnership with Pacific Bioenergy Corporation. The two plants will have a combined annual production capacity of 175,000 tonnes of wood pellets, the sale of which is tied to a long term agreement with a power utility customer. The total investment of $58 million will include electrical self-generation capacity of 3 megawatts supported through BC Hydro's Power Smart Load Displacement Program. The pellet plants are scheduled to commence production in the third and fourth quarters of 2015.

Canfor Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

Canfor Pulp Products Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales of CAD 252.5 million against CAD 227.6 million a year ago. Operating income was CAD 29.6 million against CAD 19.5 million a year ago, as the impact of pulp and paper maintenance outages and higher fiber costs more than offset higher pulp and paper shipments. Net income before income taxes was CAD 25.2 million against CAD 14.3 million a year ago. Net income attributable to controlling interest in the partnership was CAD 18.8 million or CAD 0.27 basic and diluted per share against CAD 7.6 million or CAD 0.11 basic and diluted per share a year ago. Cash generated from operating activities was CAD 40.9 million against CAD 39.1 million a year ago. Adjusted net income was CAD 18.4 million or CAD 0.26 basic and diluted per share against CAD 15.4 million or CAD 0.22 basic and diluted per share a year ago. The decrease in results was largely a function of lower sales realizations, scheduled maintenance downtime and higher fiber cost. Capital spending was totaled just over CAD 20 million. At the end of the second quarter, Canfor, excluding Canfor Pulp, had net debt of CAD 177 million with available liquidity of CAD 193 million. Canfor Pulp had net debt of CAD 12 million, with available liquidity of CAD 118 million. For the six months, the company reported sales of CAD 478.9 million against CAD 445.1 million a year ago. Operating income was CAD 66 million against CAD 38.5 million a year ago. Net income before income taxes was CAD 59.6 million against CAD 29.3 million a year ago. Net income was CAD 44.5 million or CAD 0.63 basic and diluted per share against CAD 18.5 million or CAD 0.26 basic and diluted per share a year ago. Prices for lumber decreased through the quarter, consistent with normal seasonal pricing patterns, and its overall realizations were less impacted due to product and market profiles. Cash generated from operating activities was CAD 84.7 million against CAD 74.6 million a year ago. Additions to property, plant and equipment was CAD 30.2 million against CAD 14.8 million a year ago. Adjusted net income was CAD 45.1 million or CAD 0.64 basic and diluted per share against CAD 27.8 million or CAD 0.39 basic and diluted per share a year ago. For the quarter, the company announced pulp production of 237,700 tones, down 12,300 tones, or 5%, from the second quarter of 2013. Paper production in the second quarter of 2014 was 35,400 tones, down 1,300 tones, or 4%, from the previous quarter and in line with the second quarter of 2013. The current quarter production reflected a maintenance outage at the company's paper machine in May 2014 as well as improved operating rates. For the six months, the company announced pulp production of 496,400 tones against 514,500 tones for the same period a year ago. Paper production was 72,100 tones against 70,100 tones for the same period a year ago. The company is currently projecting 2014 total capital spending of nearly CAD 60 million.

Canfor Corp., Q2 2014 Earnings Call, Jul 25, 2014

Canfor Corp., Q2 2014 Earnings Call, Jul 25, 2014

 

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CFP

Industry Average

Valuation CFP Industry Range
Price/Earnings 21.5x
Price/Sales 1.0x
Price/Book 2.5x
Price/Cash Flow 9.7x
TEV/Sales 0.8x
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