West Fraser Timber Co. Ltd.

WFG Basic Materials Lumber & Wood Production

West Fraser Timber Co. Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, down 11.5% from fiscal 2024. In the quarter to June 2026, revenue fell 6.40%, EPS fell 160.0%, free cash flow fell 29.0% and total debt rose 18.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

65.62 0.09 +0.14%
Market cap
$5.1B
P/E
0.0×
Fwd P/E
−19.6×
Dividend yield
1.95%
F-score
4/9
Altman Z
2.62
Beneish M
−2.74
Dividend safety
12/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 35.30%

Capital & Financial Ratios $m

Market Cap 5,130.00
Revenue 5,239.00
Net Income (1,204.00)
Free Cash Flow (460.00)
Net Debt 281.00
Current Ratio 2.06 (at or above 1.5: strong)
Debt/Equity 0.06 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (19.60) (negative: loss-making)
P/S ratio 0.98
P/B ratio 0.92
Past 5Y EPS Growth —
This Y EPS Growth 65.74% (at or above 15%: strong)
Next Y EPS Growth 120.54% (at or above 15%: strong)
Next Y revenue growth (28.56%) (below 0%: weak)
Next 5Y EPS Growth 154.01% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 50.49%
10-year low 10-year high
P/B against its own 10 years 41.07%
10-year low 10-year high
EV/Sales against its own 10 years 74.72%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 1.28
Annual Dividend Yield 1.95%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.96
0.32
0.32
0.32
2025 0.93
0.32
0.32
0.32
0.32
2024 1.26
0.30
0.32
0.32
0.32
2023 1.20
0.30
0.30
0.30
0.30
2022 1.15
0.25
0.30
0.30
0.30
2021 1.12
0.32
0.20
0.20
0.20
0.20
2020 0.60
0.15
0.15
0.15
0.16
2019 0.76
0.15
0.15
0.15
0.15
0.15
2018 0.73
0.11
0.11
0.15
0.15
0.20
2017 0.28
0.05
0.05
0.09
0.09
2016 0.21
0.05
0.05
0.05
0.05
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 900 641 202 74
Receivables 404 316 323 412
Inventory 851 844 828 793
Other — — — —
2,377 1,837 1,387 1,330
2023 2024 2025 Q'26
Payables 620 604 584 530
ST’ Debt 300 200 — 55
Other 60 55 52 52
1,050 934 651 646

Compound Annual Growth %

10y 5y 3y
Sales — 4.55% (17.43%)
Cash Flow — (37.01%) (64.83%)
Earnings — 0.00% 0.00%
Book Value — 18.74% (8.44%)

Revenue $m

Mar Jun Sep Dec Year
’26 1,334 1,434 — — —
’25 1,459 1,532 1,307 1,164 5,462
’24 1,627 1,705 1,437 1,405 6,174
’23 1,627 1,608 1,705 1,514 6,454
’22 3,110 2,887 2,088 1,616 9,701
’21 2,343 3,779 2,358 2,038 10,518
’20 890 921 1,268 1,296 4,373
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (170) 192 — — —
’25 (75) 285 58 (172) 96
’24 (41) 379 150 173 661
’23 (198) 271 356 96 525
’22 563 1,064 433 147 2,207
’21 462 1,886 914 290 3,552
’20 (91) 318 465 275 968
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (264) 147 — — —
’25 (179) 207 (33) (310) (315)
’24 (163) 277 43 17 174
’23 (297) 165 241 (61) 48
’22 470 976 286 (2) 1,730
’21 400 1,820 808 (111) 2,917
’20 (136) 279 423 231 788
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (2.40) (0.78) — — —
’25 0.46 (0.30) (2.63) (9.63) (12.08)
’24 0.42 1.20 (1.03) (0.80) (0.07)
’23 (0.52) (1.57) 1.81 (1.87) (2.01)
’22 10.25 7.59 2.50 (1.13) 20.86
’21 6.96 12.32 4.20 3.13 27.03
’20 0.13 0.51 3.80 4.10 8.44
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 27.22 33.00 46.87 33.28 15.00 58.99 68.75 64.11 73.91 57.34

Analyst estimates 2026–2028

Powerpack
High 41.35 65.40 75.05 60.77 67.34 97.59 102.96 91.44 102.40 93.03
People
People Employees — — 8,570 8,200 8,115 11,000 11,000 10,800 9,700 9,600
Revenue/emp, $m 0.00 0.00 0.52 0.46 0.54 0.96 0.88 0.60 0.64 0.57
Income, $m
Income, $m Revenue 3,296 4,107 4,499 3,752 4,373 10,518 9,701 6,454 6,174 5,462
Gross margin, % 14.29 22.34 24.80 5.29 29.38 47.79 37.07 13.56 16.62 9.37
EBT 329 677 788 (168) 790 3,898 2,593 (228) 38 (1,171)
EBT margin, % 9.98 16.48 17.52 (4.49) 18.07 37.06 26.73 (3.53) 0.62 (21.44)
Net income 241 0 0 0 588 2,947 1,975 (167) (5) (937)
Depreciation 146 168 189 199 203 584 589 541 549 544
Per share, $
Per share, $ Revenue 41.20 52.66 60.79 54.37 63.68 96.48 103.47 77.57 76.36 69.16
Earnings 3.01 6.10 8.00 (1.68) 8.44 27.03 21.06 (2.01) (0.06) (11.87)
Cash flow 6.17 9.02 8.71 0.80 14.10 32.58 23.54 6.31 8.17 1.22
Capex 0.00 0.00 0.00 0.00 (2.62) (5.82) (5.09) (5.73) (6.02) (5.20)
Free cash flow 6.17 9.02 8.71 0.80 11.47 26.76 18.45 0.58 2.15 (3.99)
Book value 20.75 27.96 28.78 27.58 36.08 70.23 81.26 86.82 86.00 74.06
Shares, m 80 78 74 69 69 109 94 83 81 79
Valuation, ×
Valuation, × P/E 11.81 6.85 2.87 0.00 7.51 3.58 3.79 0.00 0.00 0.00
P/S 0.00 0.00 0.00 0.00 1.01 0.99 0.71 1.09 1.13 0.88
P/B 0.00 0.00 0.00 0.00 1.78 1.36 0.91 0.97 1.01 0.83
EV/Sales 0.00 0.00 0.00 0.00 1.02 0.92 0.68 1.03 1.09 0.94
EV/FCF 0.00 0.00 0.00 0.00 5.59 3.33 3.82 138.18 38.84 (16.27)
Cash, $m
Cash, $m Operating cash flow 493 703 645 55 968 3,552 2,207 525 661 96
Capex (202) (269) (272) (315) (180) (635) (477) (477) (487) (411)
Free cash flow 493 703 645 55 788 2,917 1,730 48 174 (315)
Balance, $m
Balance, $m Working capital 355 566 551 238 808 2,011 1,957 1,327 903 736
Total debt 306 509 554 804 507 510 510 499 200 300
Net debt 269 302 436 792 46 (1,058) (652) (401) (441) 98
Shareholders’ equity 1,660 2,181 2,129 1,903 2,478 7,656 7,619 7,223 6,954 5,849
Returns, %
Returns, % ROA 7.69 35.76 0.00 0.00 17.18 40.34 19.36 (1.72) (0.06) (11.44)
ROIC 0.00 0.00 0.00 0.00 20.58 37.37 22.96 (2.61) 0.07 (12.47)
ROE 12.57 24.83 27.64 (5.72) 26.84 58.16 25.86 (2.25) (0.07) (14.64)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

West Fraser Timber Co. Ltd. vs peers in Lumber & Wood Production (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SSD Simpson Manufacturing Company, Inc. $7.2B 19.2× 20.4× +6.34% (above 0%: growing) +25.00% (above 0%: growing) +132.21% (above 0%: growing) 47.42% 25.20% Compare
WFG West Fraser Timber Co. Ltd. $5.1B — (loss-making) — (loss-making) −6.40% (below 0%: shrinking) n/m −28.99% (below 0%: shrinking) 11.58% (5.16%)
UFPI UFP Industries, Inc. $4.3B 17.9× 17.6× +2.59% (above 0%: growing) −12.94% (below 0%: shrinking) −18.99% (below 0%: shrinking) 15.41% 5.49% Compare
BCC Boise Cascade, L.L.C. $2.6B 25.8× 18.9× +5.24% (above 0%: growing) −0.61% (below 0%: shrinking) +151.57% (above 0%: growing) 17.90% 4.59% Compare
JCTC Jewett-Cameron Trading Company $10.3M — (loss-making) 19.3× −21.84% (below 0%: shrinking) n/m +309.53% (above 0%: growing) 18.01% (7.80%) Compare
NWGL Nature Wood Group Limited Sponsored ADR $3.8M — — — n/m — 20.56% 0.00% Compare
Median of peers $2.6B 19.2× 19.1× +3.92% −0.61% +141.89% 18.01% 4.59%

All 6 Lumber & Wood Production stocks →

West Fraser Timber Co. Ltd. (WFG) key facts

  • Concern: West Fraser Timber Co. Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, down 11.5% from fiscal 2024.
  • West Fraser Timber Co. Ltd. (WFG) is a Lumber & Wood Production company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, WFG traded at $65.62, a market capitalization of $5.1 billion.
  • West Fraser Timber Co. Ltd. pays an annual dividend of $1.28 per share, a yield of 1.95%.
  • Return on equity was −14.6% and debt-to-equity 0.06.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.62 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/WFG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com