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Canfor Pulp Products

DB:8CP
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8CP
DB
CA$613M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Canfor Pulp Products Inc., together with its subsidiaries, produces and supplies pulp and paper products in North America, Europe, Asia, and internationally. The last earnings update was 80 days ago. More info.


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8CP Share Price and Events
7 Day Returns
-0.8%
DB:8CP
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-59.4%
DB:8CP
-11.9%
Europe Forestry
3%
DE Market
8CP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canfor Pulp Products (8CP) -0.8% -2.2% -6% -59.4% -8.6% -19.4%
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • 8CP underperformed the Forestry industry which returned -11.9% over the past year.
  • 8CP underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
8CP
Industry
5yr Volatility vs Market

Value

 Is Canfor Pulp Products undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Canfor Pulp Products to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Canfor Pulp Products.

DB:8CP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:8CP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 26.5%) (0.54%))
1.25
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.25 * 5.96%)
7.68%

Discounted Cash Flow Calculation for DB:8CP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Canfor Pulp Products is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:8CP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.68%)
2020 63.77 Analyst x3 59.22
2021 36.21 Est @ -43.22% 31.23
2022 25.28 Est @ -30.18% 20.25
2023 19.95 Est @ -21.06% 14.84
2024 17.03 Est @ -14.67% 11.76
2025 15.29 Est @ -10.2% 9.81
2026 14.21 Est @ -7.07% 8.47
2027 13.51 Est @ -4.88% 7.48
2028 13.06 Est @ -3.35% 6.71
2029 12.76 Est @ -2.28% 6.09
Present value of next 10 years cash flows CA$175.00
DB:8CP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$12.76 × (1 + 0.23%) ÷ (7.68% – 0.23%)
CA$171.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$171.73 ÷ (1 + 7.68%)10
CA$81.96
DB:8CP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$175.00 + CA$81.96
CA$256.96
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$256.96 / 65.23
CA$3.94
DB:8CP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8CP represents 0.6656x of TSX:CFX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.6656x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 3.94 x 0.6656
€2.62
Value per share (EUR) From above. €2.62
Current discount Discount to share price of €6.25
= -1 x (€6.25 - €2.62) / €2.62
-138.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Canfor Pulp Products is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Canfor Pulp Products's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canfor Pulp Products's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8CP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$1.20
TSX:CFX Share Price ** TSX (2019-10-11) in CAD CA$9.39
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Canfor Pulp Products.

DB:8CP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CFX Share Price ÷ EPS (both in CAD)

= 9.39 ÷ 1.20

7.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canfor Pulp Products is good value based on earnings compared to the Europe Forestry industry average.
  • Canfor Pulp Products is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Canfor Pulp Products's expected growth come at a high price?
Raw Data
DB:8CP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
13.8%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:8CP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.81x ÷ 13.8%

0.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canfor Pulp Products is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Canfor Pulp Products's assets?
Raw Data
DB:8CP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$9.47
TSX:CFX Share Price * TSX (2019-10-11) in CAD CA$9.39
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:8CP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CFX Share Price ÷ Book Value per Share (both in CAD)

= 9.39 ÷ 9.47

0.99x

* Primary Listing of Canfor Pulp Products.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canfor Pulp Products is good value based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Canfor Pulp Products's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Canfor Pulp Products has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Canfor Pulp Products expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canfor Pulp Products expected to grow at an attractive rate?
  • Canfor Pulp Products's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Canfor Pulp Products's earnings growth is expected to exceed the Germany market average.
  • Canfor Pulp Products's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8CP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8CP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 13.8%
DB:8CP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8.2%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:8CP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8CP Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 1,314 133 73 2
2019-12-31 1,107 130 0 2
2019-10-13
DB:8CP Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,242 103 79
2019-03-31 1,319 149 131
2018-12-31 1,374 215 184
2018-09-30 1,408 299 215
2018-06-30 1,364 265 185
2018-03-31 1,248 211 142
2017-12-31 1,198 195 102
2017-09-30 1,133 163 67
2017-06-30 1,140 168 77
2017-03-31 1,116 172 59
2016-12-31 1,102 150 58
2016-09-30 1,175 146 77

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canfor Pulp Products's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Canfor Pulp Products's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:8CP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Canfor Pulp Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8CP Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.12 1.12 1.12 1.00
2019-12-31 0.01 0.01 0.01 1.00
2019-10-13
DB:8CP Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 1.20
2019-03-31 2.01
2018-12-31 2.83
2018-09-30 3.30
2018-06-30 2.83
2018-03-31 2.17
2017-12-31 1.55
2017-09-30 1.01
2017-06-30 1.15
2017-03-31 0.88
2016-12-31 0.86
2016-09-30 1.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Canfor Pulp Products will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Canfor Pulp Products's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Canfor Pulp Products has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Canfor Pulp Products performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Canfor Pulp Products's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Canfor Pulp Products's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Canfor Pulp Products's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Canfor Pulp Products's 1-year earnings growth is negative, it can't be compared to the Europe Forestry industry average.
Earnings and Revenue History
Canfor Pulp Products's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Canfor Pulp Products Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8CP Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,241.70 78.50 178.30
2019-03-31 1,318.60 130.90 177.20
2018-12-31 1,374.30 184.40 179.90
2018-09-30 1,407.50 215.40 186.10
2018-06-30 1,363.90 185.10 187.80
2018-03-31 1,248.40 142.30 183.80
2017-12-31 1,197.90 102.10 186.30
2017-09-30 1,132.80 67.00 182.50
2017-06-30 1,139.50 76.80 184.80
2017-03-31 1,115.80 58.80 186.10
2016-12-31 1,101.90 57.80 186.70
2016-09-30 1,174.90 77.40 198.40
2016-06-30 1,177.40 86.20 201.20
2016-03-31 1,196.20 101.70 204.60
2015-12-31 1,174.70 106.60 200.50
2015-09-30 1,107.90 97.60 187.40
2015-06-30 1,051.40 90.70 176.80
2015-03-31 1,027.90 91.80 170.00
2014-12-31 980.50 89.50 159.90
2014-09-30 962.10 83.00 159.90
2014-06-30 920.60 67.80 154.50
2014-03-31 895.70 56.60 150.60
2013-12-31 886.80 41.80 151.40
2013-09-30 843.10 33.00 146.00
2013-06-30 824.70 18.90 145.00
2013-03-31 807.90 14.30 143.60
2012-12-31 810.40 9.10 145.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Canfor Pulp Products has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Canfor Pulp Products used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Canfor Pulp Products's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Canfor Pulp Products's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Canfor Pulp Products has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Canfor Pulp Products's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Canfor Pulp Products's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canfor Pulp Products is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canfor Pulp Products's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Canfor Pulp Products's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Canfor Pulp Products has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Canfor Pulp Products Company Filings, last reported 3 months ago.

DB:8CP Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 617.80 0.00
2019-03-31 600.70 23.00
2018-12-31 596.60 0.00 6.90
2018-09-30 732.20 0.00 205.40
2018-06-30 693.00 0.00 187.90
2018-03-31 634.00 0.00 119.40
2017-12-31 571.40 0.00 76.70
2017-09-30 508.10 50.00 81.30
2017-06-30 502.20 50.00 91.50
2017-03-31 501.60 50.00 78.30
2016-12-31 484.70 50.00 51.90
2016-09-30 476.50 50.00 31.90
2016-06-30 459.10 50.00 25.00
2016-03-31 490.10 50.00 22.80
2015-12-31 479.70 50.00 17.50
2015-09-30 463.60 50.00 16.60
2015-06-30 519.80 50.00 89.70
2015-03-31 504.00 50.00 84.00
2014-12-31 489.60 50.00 76.80
2014-09-30 485.60 50.00 39.80
2014-06-30 465.90 50.00 38.20
2014-03-31 453.40 55.00 16.90
2013-12-31 438.00 60.60 13.50
2013-09-30 411.30 113.30 28.70
2013-06-30 403.40 115.60 44.90
2013-03-31 394.10 111.70 16.50
2012-12-31 386.60 109.40
  • Canfor Pulp Products has no debt.
  • Canfor Pulp Products has no debt compared to 5 years ago when it was 10.7%.
  • Canfor Pulp Products has no debt, it does not need to be covered by operating cash flow.
  • Canfor Pulp Products has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Canfor Pulp Products's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Canfor Pulp Products has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Canfor Pulp Products's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.66%
Current annual income from Canfor Pulp Products dividends. Estimated to be 2.66% next year.
If you bought €2,000 of Canfor Pulp Products shares you are expected to receive €53 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Canfor Pulp Products's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Canfor Pulp Products's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:8CP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:8CP Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.25 3.00
2019-12-31 0.25 3.00
2019-10-13
DB:8CP Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-07-25 0.250 2.709
2019-05-01 0.250 2.218
2019-02-21 0.250 1.631
2018-10-24 0.250 1.365
2018-07-25 0.250 0.960
2018-04-25 0.250 1.106
2018-02-22 0.250 1.511
2017-10-20 0.250 1.792
2017-07-26 0.250 1.904
2017-04-27 0.250 2.042
2017-04-26 0.250 2.156
2017-02-08 0.250 2.164
2016-10-26 0.250 2.446
2016-07-26 0.250 2.417
2016-04-27 0.250 2.402
2016-04-25 0.250 2.402
2016-02-18 0.250 2.178
2015-10-28 0.250 2.065
2015-07-21 0.250 1.994
2015-04-28 0.250 1.610
2015-02-05 0.250 1.638
2015-02-04 0.250 1.570
2014-10-30 0.250 1.771
2014-07-24 0.250 2.185
2014-04-29 0.250 2.005
2014-02-05 0.200 1.694
2013-10-30 0.200 1.767
2013-07-25 0.200 2.037
2013-05-01 0.200 2.273
2013-02-14 0.200 1.903
2012-07-25 0.200 2.170
2012-03-05 1.320 11.354

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canfor Pulp Products has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Canfor Pulp Products has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Canfor Pulp Products's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Canfor Pulp Products's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Canfor Pulp Products afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canfor Pulp Products has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Canfor Pulp Products's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Don Kayne
COMPENSATION CA$0
AGE 61
TENURE AS CEO 7.1 years
CEO Bio

Mr. Donald B. Kayne, also known as Don, has been the Chief Executive Officer of Canfor Pulp Products Inc., since September 30, 2012 and serves as its Director since 2017. Mr. Kayne has been the Chief Executive Officer, Director since 2017 and President of Canfor Corp. since May 5, 2011. He served as the Chief Executive Officer of Canfor Pulp Holding Inc. at Canfor Pulp Limited Partnership and since September 30, 2012. He spent 10 years as Vice President of Wood Products Marketing and Sales at Canfor from January 2001 to May 5, 2011. Prior to this, he served as a General Manager of Wood Products Sales and Marketing at Canfor for six years. He began his career with Canfor as a regional sales representative in 1979 and has held a variety of sales and marketing roles in its Wood Products Group. Prior to being appointed CEO, Don spent 10 years as Canfor’s Vice President of Sales and Marketing, and is one of the lead architects of the market for British Columbia lumber in China. He completed the Forestry and Business Administration program at the British Columbia Institute of Technology. He has been an Independent Director at Cameco Corporation since January 1, 2016. In 2014, he was appointed to the bi-national Softwood Lumber Board. He is a director and past chair of the Forest Products Association of Canada, Council of Forest Industries, Alberta Forest Products Association and the BC Lumber Trade Council. Mr. Kayne is also chair of the Educating Girls of Rural China Foundation, a charitable organization that works to improve the lives of women in rural areas of western China by providing access to education.

CEO Compensation
  • Insufficient data for Don to compare compensation growth.
  • Insufficient data for Don to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Canfor Pulp Products management team in years:

7
Average Tenure
  • The average tenure for the Canfor Pulp Products management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Don Kayne

TITLE
CEO & Director
AGE
61
TENURE
7.1 yrs

Alan Nicholl

TITLE
CFO & Executive VP of Finance
TENURE
7.1 yrs

Martin Pudlas

TITLE
Vice President of Operations & Innovation
COMPENSATION
CA$1M
TENURE
7 yrs

David Calabrigo

TITLE
Senior VP of Corporate Development & Legal Affairs and Corporate Secretary
AGE
60

Corinne Stavness

TITLE
Senior Director of External Affairs & Communications

Kevin Pankratz

TITLE
Senior Vice President of Sales & Marketing

Mark Feldinger

TITLE
Senior Vice President of Global Supply Chain
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Canfor Pulp Products board of directors in years:

3.5
Average Tenure
64
Average Age
  • The tenure for the Canfor Pulp Products board of directors is about average.
Board of Directors

Conrad Pinette

TITLE
Independent Chairman of the Board
COMPENSATION
CA$126K
AGE
79
TENURE
2.2 yrs

Don Kayne

TITLE
CEO & Director
AGE
61
TENURE
2.8 yrs

Stan Bracken-Horrocks

TITLE
Independent Director
COMPENSATION
CA$127K
AGE
75
TENURE
13.8 yrs

William Stinson

TITLE
Independent Director
COMPENSATION
CA$107K
AGE
85
TENURE
7.8 yrs

John Baird

TITLE
Independent Director
COMPENSATION
CA$94K
AGE
49
TENURE
3.5 yrs

Barbara Hislop

TITLE
Independent Director
COMPENSATION
CA$123K
AGE
64
TENURE
2.5 yrs

Glen Clark

TITLE
Director
AGE
61
TENURE
10.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Nov 18 Buy Peter J. Bentley Individual 27. Nov 18 27. Nov 18 5,000 €13.08 €65,396
26. Nov 18 Buy Peter J. Bentley Individual 26. Nov 18 26. Nov 18 10,000 €13.02 €130,152
X
Management checks
We assess Canfor Pulp Products's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Canfor Pulp Products has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Canfor Pulp Products Inc., together with its subsidiaries, produces and supplies pulp and paper products in North America, Europe, Asia, and internationally. The company operates through two segments, Pulp and Paper. It offers solid wood; bleached and unbleached softwood pulp; and bleached and unbleached kraft, and coloured kraft papers. The company also supplies fiber products; and produces green energy. The company was incorporated in 2010 and is headquartered in Vancouver, Canada. Canfor Pulp Products Inc. is a subsidiary of Canadian Forest Products Ltd.

Details
Name: Canfor Pulp Products Inc.
8CP
Exchange: DB
Founded: 2010
CA$420,849,610
65,233,559
Website: http://www.canfor.com
Address: Canfor Pulp Products Inc.
230 - 1700 West 75th Avenue,
Vancouver,
British Columbia, V6P 6G2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CFX Common Shares The Toronto Stock Exchange CA CAD 25. Mar 2011
OTCPK CFPU.F Common Shares Pink Sheets LLC US USD 25. Mar 2011
DB 8CP Common Shares Deutsche Boerse AG DE EUR 25. Mar 2011
Number of employees
Current staff
Staff numbers
1,278
Canfor Pulp Products employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:48
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/10
Last earnings filing: 2019/07/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.