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Western Forest Products Inc.TSX:WEF Stock Report

Market Cap CA$167.5m
Share Price
CA$15.83
CA$15.13
4.7% overvalued intrinsic discount
1Y30.3%
7D9.6%
1D
Portfolio Value
View

Western Forest Products Inc.

TSX:WEF Stock Report

Market Cap: CA$167.5m

Western Forest Products (WEF) Stock Overview

Operates as an integrated softwood forest products company in Canada, the United States, Japan, China, Europe, and internationally. More details

WEF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

WEF Community Fair Values

Create Narrative

See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

Western Forest Products Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Western Forest Products
Historical stock prices
Current Share PriceCA$15.83
52 Week HighCA$17.28
52 Week LowCA$10.16
Beta0.71
1 Month Change7.32%
3 Month Change9.85%
1 Year Change30.29%
3 Year Change-50.69%
5 Year Change-73.08%
Change since IPO-95.20%

Recent News & Updates

Narrative Update Apr 12

WEF: Updated Margin Views And Discount Rate Will Shape Future Earnings Multiple

Analysts have lifted their average price target on Western Forest Products by CA$7.50, citing recent Street research that reflects updated views on the company, supported by revised assumptions for the discount rate, profit margin and future P/E. Analyst Commentary Recent Street research on Western Forest Products points to updated views on valuation that are being shaped by refreshed assumptions for discount rates, profit margins and future P/E levels.
Narrative Update Mar 28

WEF: Lower Discount Rate And New Price Views Will Support Firmer Earnings Multiple

Analysts have raised their average price target for Western Forest Products by CA$7.50, citing recent target increases from TD Securities and Scotiabank as support for this revision. Analyst Commentary Recent target changes suggest analysts are reassessing Western Forest Products' risk and reward profile, with the latest CA$2 and CA$5.50 target moves contributing to a higher average price target.

Recent updates

Narrative Update Apr 12

WEF: Updated Margin Views And Discount Rate Will Shape Future Earnings Multiple

Analysts have lifted their average price target on Western Forest Products by CA$7.50, citing recent Street research that reflects updated views on the company, supported by revised assumptions for the discount rate, profit margin and future P/E. Analyst Commentary Recent Street research on Western Forest Products points to updated views on valuation that are being shaped by refreshed assumptions for discount rates, profit margins and future P/E levels.
Narrative Update Mar 28

WEF: Lower Discount Rate And New Price Views Will Support Firmer Earnings Multiple

Analysts have raised their average price target for Western Forest Products by CA$7.50, citing recent target increases from TD Securities and Scotiabank as support for this revision. Analyst Commentary Recent target changes suggest analysts are reassessing Western Forest Products' risk and reward profile, with the latest CA$2 and CA$5.50 target moves contributing to a higher average price target.
Narrative Update Mar 14

WEF: Lower Discount Rate And Firmer Margins Will Support Higher Future Earnings Multiple

Narrative Update Analysts have lifted their price target on Western Forest Products by CA$2 to CA$15.13, citing modest shifts in discount rate assumptions, slightly higher projected profit margin, and a small adjustment to the future P/E multiple. Analyst Commentary Recent price target revisions on Western Forest Products provide a snapshot of how research desks are thinking about valuation, execution risk, and potential growth.
New Narrative Mar 01

Kiln Capacity Expansion And Specialty Products Will Transform Long Term Earnings Power

Catalysts About Western Forest Products Western Forest Products is a North American wood products company focused on coastal timberlands, lumber manufacturing and value added wood products. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 28

WEF: Refined Assumptions Will Balance Lower Production And Reduced Perceived Risk

Analysts have increased their CA$14.75 fair value estimate for Western Forest Products to CA$15.13, citing updated price targets from TD Securities and Scotiabank, along with modest adjustments to discount rate, profit margin, and future P/E assumptions. Analyst Commentary Recent research updates point to a tighter range of fair value estimates for Western Forest Products, with fresh price targets feeding directly into the revised CA$15.13 valuation.
New Narrative Feb 14

Higher Lumber Duties And Weak Demand Will Pressure Margins And Limit Earnings Recovery

Catalysts About Western Forest Products Western Forest Products is an integrated forest products company focused on harvesting, processing and selling lumber and related wood products, including specialty and engineered products. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 14

WEF: Updated Fair Value Assumptions Will Balance Lower Output And Reduced Risk

Analysts have raised their CA$ price target on Western Forest Products by CA$14.15, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E following recent research from major Canadian banks. Analyst Commentary Bullish Takeaways Bullish analysts are lifting their CA$ price targets, which signals greater confidence in their updated fair value assumptions for Western Forest Products.
Analysis Article Jan 17

Optimistic Investors Push Western Forest Products Inc. (TSE:WEF) Shares Up 25% But Growth Is Lacking

Western Forest Products Inc. ( TSE:WEF ) shares have had a really impressive month, gaining 25% after a shaky period...
Analysis Article Jan 15

Calculating The Intrinsic Value Of Western Forest Products Inc. (TSE:WEF)

Key Insights The projected fair value for Western Forest Products is CA$15.69 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Apr 30

We Think Shareholders May Want To Consider A Review Of Western Forest Products Inc.'s (TSE:WEF) CEO Compensation Package

Key Insights Western Forest Products to hold its Annual General Meeting on 7th of May Total pay for CEO J. Hofer...
User avatar
New Narrative Apr 07

New Dry Kiln And AI Will Optimize Timber Operations

Operational enhancements and strategic investments in new technologies are set to boost efficiency, reduce costs, and increase earnings.
Analysis Article Feb 12

Is Western Forest Products (TSE:WEF) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 21

Revenues Tell The Story For Western Forest Products Inc. (TSE:WEF)

There wouldn't be many who think Western Forest Products Inc.'s ( TSE:WEF ) price-to-sales (or "P/S") ratio of 0.2x is...
Analysis Article May 09

Western Forest Products' (TSE:WEF) Dividend Will Be CA$0.0125

The board of Western Forest Products Inc. ( TSE:WEF ) has announced that it will pay a dividend of CA$0.0125 per share...
Analysis Article Nov 10

Western Forest Products (TSE:WEF) Is Due To Pay A Dividend Of CA$0.0125

The board of Western Forest Products Inc. ( TSE:WEF ) has announced that it will pay a dividend of CA$0.0125 per share...
Analysis Article Aug 09

Western Forest Products (TSE:WEF) Has Announced A Dividend Of CA$0.0125

Western Forest Products Inc. ( TSE:WEF ) has announced that it will pay a dividend of CA$0.0125 per share on the 16th...

Shareholder Returns

WEFCA ForestryCA Market
7D9.6%8.5%-0.4%
1Y30.3%-2.7%32.1%

Return vs Industry: WEF exceeded the Canadian Forestry industry which returned -2.7% over the past year.

Return vs Market: WEF underperformed the Canadian Market which returned 32.1% over the past year.

Price Volatility

Is WEF's price volatile compared to industry and market?
WEF volatility
WEF Average Weekly Movement6.3%
Forestry Industry Average Movement5.2%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market3.8%

Stable Share Price: WEF has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: WEF's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20041,627J. Hoferwww.westernforest.com

Western Forest Products Inc., together with its subsidiaries, operates as an integrated softwood forest products company in Canada, the United States, Japan, China, Europe, and internationally. The company is involved in the sale of lumber and logs that include timber harvesting; sawmilling logs into specialty lumber; value-added lumber and glue-laminated timber remanufacturing; and lumber purchase and wholesaling activities. It also provides engineered products, including custom glulam, curves and arches, stock glulam, and industrial applications; decking, timber, and fencing products; siding, trim and fascia, paneling, and soffits; industrial products comprising lamstock, packaging products, treated lumber, bridge, docks, rail ties, cross arms, crane, and rig mat; and structural products, such as timbers, machine stress rated lumber, and structural framing.

Western Forest Products Inc. Fundamentals Summary

How do Western Forest Products's earnings and revenue compare to its market cap?
WEF fundamental statistics
Market capCA$167.45m
Earnings (TTM)-CA$113.10m
Revenue (TTM)CA$925.50m
0.2x
P/S Ratio
-1.5x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WEF income statement (TTM)
RevenueCA$925.50m
Cost of RevenueCA$866.20m
Gross ProfitCA$59.30m
Other ExpensesCA$172.40m
Earnings-CA$113.10m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-10.71
Gross Margin6.41%
Net Profit Margin-12.22%
Debt/Equity Ratio10.6%

How did WEF perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 14:26
End of Day Share Price 2026/06/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Western Forest Products Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark KennedyCIBC Capital Markets
Daryl SwetlishoffRaymond James Ltd.
Matthew McKellarRBC Capital Markets