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Interfor

DB:8IF1
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8IF1
DB
CA$1B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The last earnings update was 11 days ago. More info.


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8IF1 Share Price and Events
7 Day Returns
9.9%
DB:8IF1
1.4%
Europe Forestry
1.7%
DE Market
1 Year Returns
4.1%
DB:8IF1
2.1%
Europe Forestry
15%
DE Market
8IF1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Interfor (8IF1) 9.9% 12.7% 2.8% 4.1% -13.2% -
Europe Forestry 1.4% 2.6% -2.1% 2.1% -8.3% 20.5%
DE Market 1.7% 0.8% 3.7% 15% 6.9% 7.3%
1 Year Return vs Industry and Market
  • 8IF1 outperformed the Forestry industry which returned 2.1% over the past year.
  • 8IF1 underperformed the Market in Germany which returned 15% over the past year.
Price Volatility
8IF1
Industry
5yr Volatility vs Market

8IF1 Value

 Is Interfor 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 Interfor 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 Interfor.

DB:8IF1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:8IF1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.269 (1 + (1- 26.5%) (27.5%))
1.352
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.352 * 5.44%)
6.97%

Discounted Cash Flow Calculation for DB:8IF1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Interfor 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:8IF1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.97%)
2020 17.00 Analyst x2 15.89
2021 24.00 Analyst x2 20.98
2022 19.85 Est @ -17.28% 16.22
2023 17.43 Est @ -12.22% 13.31
2024 15.92 Est @ -8.67% 11.37
2025 14.93 Est @ -6.18% 9.97
2026 14.27 Est @ -4.45% 8.91
2027 13.81 Est @ -3.23% 8.06
2028 13.48 Est @ -2.38% 7.35
2029 13.24 Est @ -1.78% 6.75
Present value of next 10 years cash flows CA$118.00
DB:8IF1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$13.24 × (1 + -0.39%) ÷ (6.97% – -0.39%)
CA$179.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$179.27 ÷ (1 + 6.97%)10
CA$91.42
DB:8IF1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$118.00 + CA$91.42
CA$209.42
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$209.42 / 67.26
CA$3.11
DB:8IF1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8IF1 represents 0.68987x of TSX:IFP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.68987x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 3.11 x 0.68987
€2.15
Value per share (EUR) From above. €2.15
Current discount Discount to share price of €11.10
= -1 x (€11.10 - €2.15) / €2.15
-416.8%

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

  • The current share price of Interfor 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 Interfor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Interfor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8IF1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-1.54
TSX:IFP Share Price ** TSX (2020-02-17) in CAD CA$16.09
Europe Forestry Industry PE Ratio Median Figure of 30 Publicly-Listed Forestry Companies 11.15x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 21.14x

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

** Primary Listing of Interfor.

DB:8IF1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 16.09 ÷ -1.54

-10.43x

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

  • Interfor is loss making, we can't compare its value to the Europe Forestry industry average.
  • Interfor is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Interfor's expected growth come at a high price?
Raw Data
DB:8IF1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
130.6%per year
Europe Forestry Industry PEG Ratio Median Figure of 21 Publicly-Listed Forestry Companies 0.38x
Germany Market PEG Ratio Median Figure of 260 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Interfor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Interfor's assets?
Raw Data
DB:8IF1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$12.35
TSX:IFP Share Price * TSX (2020-02-17) in CAD CA$16.09
Europe Forestry Industry PB Ratio Median Figure of 38 Publicly-Listed Forestry Companies 1.07x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.94x
DB:8IF1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16.09 ÷ 12.35

1.3x

* Primary Listing of Interfor.

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

  • Interfor is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Interfor'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. Interfor has a total score of 0/6, 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.

8IF1 Future Performance

 How is Interfor expected to perform in the next 1 to 3 years based on estimates from 5 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
130.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Interfor expected to grow at an attractive rate?
  • Interfor's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Interfor's earnings growth is expected to exceed the Germany market average.
  • Interfor's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8IF1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8IF1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 130.6%
DB:8IF1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.4%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average -9.8%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 0.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
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:8IF1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8IF1 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 2,088 180 55 4
2020-12-31 2,015 176 24 5
2020-02-17
DB:8IF1 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,876 28 -104
2019-09-30 1,888 14 -75
2019-06-30 1,972 71 -11
2019-03-31 2,110 176 64
2018-12-31 2,187 266 111
2018-09-30 2,251 331 161
2018-06-30 2,169 306 149
2018-03-31 2,061 275 110
2017-12-31 1,990 258 97
2017-09-30 1,900 220 88
2017-06-30 1,868 227 86
2017-03-31 1,816 184 85

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Interfor's earnings are expected to grow significantly at over 20% yearly.
  • Interfor's revenue is expected to grow by 5.4% 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:8IF1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Interfor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8IF1 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.81 1.06 0.56 2.00
2020-12-31 0.63 1.18 0.06 3.00
2020-02-17
DB:8IF1 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -1.54
2019-09-30 -1.11
2019-06-30 -0.16
2019-03-31 0.92
2018-12-31 1.59
2018-09-30 2.30
2018-06-30 2.13
2018-03-31 1.57
2017-12-31 1.39
2017-09-30 1.25
2017-06-30 1.23
2017-03-31 1.21

*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 Interfor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Interfor'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.
Interfor has a total score of 4/6, 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.

8IF1 Past Performance

  How has Interfor 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 Interfor'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.
  • Interfor does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Interfor's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Interfor's 1-year growth to the Europe Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Interfor'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 Interfor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8IF1 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,875.82 -103.79 46.92
2019-09-30 1,887.55 -75.00 36.33
2019-06-30 1,971.54 -11.18 30.93
2019-03-31 2,110.09 63.71 39.62
2018-12-31 2,186.57 111.06 49.55
2018-09-30 2,250.80 160.77 59.17
2018-06-30 2,169.49 149.37 68.96
2018-03-31 2,060.97 110.15 66.92
2017-12-31 1,990.11 97.15 64.26
2017-09-30 1,899.63 87.51 56.86
2017-06-30 1,868.11 85.82 61.17
2017-03-31 1,815.55 84.52 53.09
2016-12-31 1,792.71 65.64 48.07
2016-09-30 1,761.82 35.59 57.74
2016-06-30 1,735.00 14.36 33.69
2016-03-31 1,705.87 -29.43 41.53
2015-12-31 1,687.38 -30.39 39.23
2015-09-30 1,664.94 -32.07 41.02
2015-06-30 1,607.23 -14.94 57.97
2015-03-31 1,567.76 13.04 51.00
2014-12-31 1,447.16 40.69 57.98
2014-09-30 1,373.50 57.31 48.85
2014-06-30 1,273.08 46.18 50.33
2014-03-31 1,157.56 54.55 49.92
2013-12-31 1,105.22 42.24 47.88
2013-09-30 1,012.30 26.98 47.08
2013-06-30 954.31 28.06 40.61
2013-03-31 905.04 12.41 37.99

*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.
  • It is difficult to establish if Interfor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Interfor has efficiently used its assets last year compared to the Europe Forestry industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Interfor improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Interfor'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.
Interfor has a total score of 0/6, 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.

8IF1 Health

 How is Interfor'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 Interfor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Interfor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Interfor's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Interfor'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.
  • Debt is covered by short term assets, assets are 1.3x debt.
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 Interfor Company Filings, last reported 1 month ago.

DB:8IF1 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 830.98 259.76 34.90
2019-09-30 880.85 264.86 52.19
2019-06-30 911.41 261.74 63.53
2019-03-31 933.51 267.26 94.51
2018-12-31 968.77 272.84 209.02
2018-09-30 985.32 258.90 255.10
2018-06-30 977.29 263.36 242.11
2018-03-31 901.18 257.88 130.82
2017-12-31 854.19 250.90 131.60
2017-09-30 817.68 249.60 72.73
2017-06-30 816.14 259.54 44.39
2017-03-31 804.75 325.37 21.75
2016-12-31 786.67 308.82 22.18
2016-09-30 745.33 365.32 18.41
2016-06-30 727.47 407.10 11.06
2016-03-31 705.21 439.36 11.26
2015-12-31 725.25 468.76 16.52
2015-09-30 718.54 473.66 11.90
2015-06-30 703.70 445.11 14.08
2015-03-31 729.84 389.79 20.10
2014-12-31 636.48 220.42 18.00
2014-09-30 629.87 229.76 26.47
2014-06-30 607.71 248.98 11.64
2014-03-31 609.40 277.59 8.26
2013-12-31 515.14 145.48 4.88
2013-09-30 498.97 162.99 12.77
2013-06-30 416.70 238.51 4.97
2013-03-31 393.14 214.34 11.03
  • Interfor's level of debt (31.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (34.9% vs 31.3% today).
  • Debt is not well covered by operating cash flow (10.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Interfor's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Interfor'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. Interfor has a total score of 3/6, 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.

8IF1 Dividends

 What is Interfor'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
0%
Current annual income from Interfor dividends.
If you bought €2,000 of Interfor shares you are expected to receive €0 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?
  • Unable to evaluate Interfor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Interfor's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:8IF1 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 5 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 4.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:8IF1 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-02-17

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

  • Unable to perform a dividend volatility check as Interfor has not reported any payouts.
  • Unable to verify if Interfor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Interfor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Interfor has not reported any payouts.
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 Interfor'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 Interfor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Interfor has a total score of 0/6, see the detailed checks below.


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

8IF1 Management

 What is the CEO of Interfor'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
Ian Fillinger
COMPENSATION CA$1,599,669
AGE 50
TENURE AS CEO 0.1 years
CEO Bio

Mr. Ian M. Fillinger has been President, Chief Executive Officer and Director of Interfor Corporation (also known as International Forest Products Ltd) since January 1, 2020. Mr. Fillinger was Chief Operating Officer and Senior Vice President of International Forest Products Ltd till January 1, 2020. Mr. Fillinger was the Head of Operations at Interfor Corporation (also known as International Forest Products Ltd) from December 12, 2015 to February 2018. Mr. Fillinger served as Senior Vice President of Canadian Operations at Interfor Corporation from 2014 to December 12, 2015 and served as its Vice President of Canadian Operations from 2013 to 2014. He served as Senior General Manager with responsibility for Interfor's Adams Lake, Coastal Manufacturing and US Southeast operations.He served as Divisional Manager, Winfield of Riverside Forest Products Ltd. He served as General Manager of Adams Lake & Coastal Manufacturing at Interfor Corporation since 2012 until 2013. He served as General Manager of Adams Lake Division at Interfor Corporation from 2005 to 2012.

CEO Compensation
  • Ian's compensation has increased whilst company is loss making.
  • Ian's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Interfor management team in years:

2
Average Tenure
52.5
Average Age
  • The tenure for the Interfor management team is about average.
Management Team

Ian Fillinger

TITLE
President
COMPENSATION
CA$2M
AGE
50
TENURE
0.1 yrs

Marty Juravsky

TITLE
Senior VP & CFO
COMPENSATION
CA$2M
AGE
55
TENURE
2 yrs

Bart Bender

TITLE
Senior Vice President of Sales & Marketing
COMPENSATION
CA$1M
TENURE
4.8 yrs

Mir Stock

TITLE
Senior VP of Human Resources & IT
COMPENSATION
CA$1M
AGE
47
TENURE
2 yrs

Duncan Davies

TITLE
COMPENSATION
CA$4M
AGE
68
TENURE
0.1 yrs

Xenia Kritsos

TITLE
General Counsel & Corporate Secretary
TENURE
4.4 yrs

Ric Slaco

TITLE
VP & Chief Forester
TENURE
18.1 yrs

Andrew Horahan

TITLE
Vice President
Board of Directors Tenure

Average tenure and age of the Interfor board of directors in years:

4.9
Average Tenure
65.5
Average Age
  • The tenure for the Interfor board of directors is about average.
Board of Directors

E. Sauder

TITLE
Independent Chairman of the Board
COMPENSATION
CA$251K
AGE
66
TENURE
12.1 yrs

Ian Fillinger

TITLE
President
COMPENSATION
CA$2M
AGE
50
TENURE
0.1 yrs

Tom Milroy

TITLE
Independent Director
COMPENSATION
CA$142K
AGE
63
TENURE
4 yrs

J. McMillan

TITLE
Independent Director
COMPENSATION
CA$141K
AGE
73
TENURE
13.3 yrs

Gord MacDougall

TITLE
Independent Director
COMPENSATION
CA$137K
AGE
73
TENURE
13 yrs

Doug Whitehead

TITLE
Independent Director
COMPENSATION
CA$130K
AGE
72
TENURE
12.8 yrs

Jeane Hull

TITLE
Independent Director
COMPENSATION
CA$144K
AGE
64
TENURE
5.8 yrs

Gillian Platt

TITLE
Independent Director
COMPENSATION
CA$134K
AGE
65
TENURE
3.3 yrs

Curtis Stevens

TITLE
Independent Director
COMPENSATION
CA$97K
AGE
66
TENURE
1.8 yrs

Rhonda Hunter

TITLE
Independent Director
AGE
56
TENURE
0.8 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 (€)
18. Sep 19 Buy Ian Fillinger Individual 18. Sep 19 18. Sep 19 1,425 €9.74 €13,879
15. Aug 19 Buy Martin Juravsky Individual 15. Aug 19 15. Aug 19 8,000 €8.13 €65,007
13. Aug 19 Buy J. Bender Individual 13. Aug 19 13. Aug 19 2,300 €7.76 €17,830
05. Jun 19 Buy Martin Juravsky Individual 05. Jun 19 05. Jun 19 8,000 €7.80 €62,415
28. Feb 19 Buy Ian Fillinger Individual 27. Feb 19 27. Feb 19 6,500 €10.00 €65,010
28. Feb 19 Buy Mark Stock Individual 27. Feb 19 27. Feb 19 4,000 €10.04 €40,118
X
Management checks
We assess Interfor'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. Interfor 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.

8IF1 News

Simply Wall St News

8IF1 Company Info

Description

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors. The company was formerly known as International Forest Products Limited and changed its name to Interfor Corporation in May 2014. Interfor Corporation was founded in 1963 and is headquartered in Vancouver, Canada.

Details
Name: Interfor Corporation
8IF1
Exchange: DB
Founded: 1963
CA$755,053,071
67,259,959
Website: http://www.interfor.com
Address: Interfor Corporation
1055 Dunsmuir Street,
Suite 3500,
Vancouver,
British Columbia, V7X 1H7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX IFP Common Shares The Toronto Stock Exchange CA CAD 05. Jan 1976
OTCPK IFSP.F Common Shares Pink Sheets LLC US USD 05. Jan 1976
DB 8IF1 Common Shares Deutsche Boerse AG DE EUR 05. Jan 1976
Number of employees
Current staff
Staff numbers
2,980
Interfor employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/17 22:28
End of day share price update: 2020/02/17 00:00
Last estimates confirmation: 2020/02/11
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.