Last C$29.15 CAD
Change Today +0.14 / 0.48%
Volume 90.0K
As of 1:00 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

canfor corp (CFP) Snapshot

Open
C$29.05
Previous Close
C$29.01
Day High
C$29.15
Day Low
C$28.86
52 Week High
02/13/14 - C$30.02
52 Week Low
08/8/14 - C$21.75
Market Cap
3.9B
Average Volume 10 Days
338.4K
EPS TTM
C$1.50
Shares Outstanding
135.4M
EX-Date
07/29/03
P/E TM
19.4x
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 Pulp Products Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Expenditure Guidance for the Year 2014

Canfor Pulp Products Inc. announced unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of CAD 838.0 million against CAD 755.9 million a year ago. Operating income was CAD 85.6 million against CAD 49.3 million a year ago. Net income before income taxes was CAD 79.9 million against CAD 45.3 million a year ago. Net income attributable to equity shareholder of the company was CAD 45.5 million or CAD 0.34 basic and diluted per share against CAD 28.4 million or CAD 0.20 basic and diluted per share a year ago. This largely reflects the higher-than-normal shipment levels the company experienced in second quarter of 2014 following the transportation challenges earlier 2014. Cash generated from operating activities was CAD 119.7 million against CAD 75.3 million a year ago. Adjusted shareholder net income was CAD 50.7 million or CAD 0.38 basic and diluted per share against CAD 26.2 million or CAD 0.18 basic and diluted per share a year ago. Cash used for capital additions was CAD 63.5 million, consistent with the previous quarter and down from CAD 74.6 million in the same quarter of 2013. Current quarter capital expenditures included spending on the company's Polar Sawmill rebuild and the initial phases of construction of the recently announced pellet plants in Chetwynd and Fort St. John. The decrease in operating cash flows from the previous quarter principally reflected lower cash earnings and a significant drawdown of log and finished inventories in the second quarter of 2014. For the nine months, the company reported sales of CAD 2,487.2 million against CAD 2,385.4 million a year ago. Operating income was CAD 267.3 million against CAD 277.5 million a year ago. Net income before income taxes was CAD 244.9 million against CAD 298.0 million a year ago. Net income attributable to equity shareholder of the company was CAD 145.3 million or CAD 1.05 basic and diluted per share against CAD 200.6 million or CAD 1.41 basic and diluted per share a year ago. Cash generated from operating activities was CAD 275.7 million against CAD 391.5 million a year ago. Adjusted shareholder net income was CAD 153.8 million or CAD 1.11 basic and diluted per share against CAD 184.2 million or CAD 1.29 basic and diluted per share a year ago. At the end of the third quarter of, Canfor, excluding Canfor Pulp, had net debt of CAD 142 million. The company currently projecting 2014 total capital spending of approximately CAD 160 million.

Canfor Corp., Q3 2014 Earnings Call, Oct 31, 2014

Canfor Corp., Q3 2014 Earnings Call, Oct 31, 2014

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.

 

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Industry Analysis

CFP

Industry Average

Valuation CFP Industry Range
Price/Earnings 22.3x
Price/Sales 1.1x
Price/Book 2.7x
Price/Cash Flow 10.6x
TEV/Sales 0.9x
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