Canfor: Top 10 Undervalued Forest Products Industry Stocks (CFP)
Canfor is now ranked among the top 10 undervalued stocks in the Forest Products industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Forest Products: Companies that grow timber, mill lumber, and manufacture wood and wood products for construction.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| CFF | Conifex Timber | 0.57 | 1.50 | 0.93 (163.2%) | 37209 | 22.9 | 0.0 | 0.0 |
| CFX | Canfor Pulp Products | 1.45 | 2.23 | 0.78 (53.5%) | 21812 | 94.6 | 0.0 | 0.0 |
| CFP | Canfor | 15.89 | 21.48 | 5.59 (35.2%) | 212213 | 1905.3 | 0.0 | 0.0 |
| IFP | Interfor | 20.89 | 28.20 | 7.31 (35.0%) | 177519 | 1074.7 | 0.0 | 0.0 |
| WBE | WestBond Enterprises | 0.13 | 0.15 | 0.02 (17.9%) | 17947 | 4.6 | 3.9 | 0.0 |
| WEF | Western Forest Products | 0.67 | 0.78 | 0.11 (16.1%) | 351485 | 212.2 | 7.5 | 0.0 |
| KLX | Klimat X Developments | 0.10 | 0.12 | 0.01 (13.0%) | 47884 | 9.2 | 0.0 | 0.0 |
| GFP | GreenFirst Forest Prods | 0.92 | 0.99 | 0.07 (7.6%) | 13869 | 174.8 | 0.0 | 0.0 |
| GDL | Goodfellow | 14.04 | 15.05 | 1.01 (7.2%) | 2977 | 119.8 | 7.0 | 7.1 |
| ADN | Acadian Timber | 17.00 | 17.38 | 0.38 (2.2%) | 5834 | 290.6 | 6.8 | 7.2 |
All data provided as of December 17, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Canfor
Canfor is a softwood lumber company that also owns around half of Canfor Pulp. It is active throughout North America and Europe, with lumber mills in British Columbia, Alberta, the Southeastern United States, and Sweden. It has two reportable segments: lumber and pulp and paper. The lumber segment includes Canfor's sawmilling and remanufacturing operations and the pulp and paper segment includes the kraft pulp, kraft paper, and bleached chemi-thermomechanical pulp businesses of Canfor Pulp.
Canfor is listed under CFP on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
