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Weyerhaeuser Company

WY Real Estate Reit Specialty

Weyerhaeuser Company’s revenue for fiscal 2025 (year ended December 2025) was $6.9 billion, down 3.07% from fiscal 2024.

Revenue
+8.44%
EPS
−27.3%
Free cash flow
+113.9%
Total debt
−2.12%

Quarter to September 2026, against a year earlier

21.03 0.60 −2.77%
Market cap
$15.6B
P/E
34.3×
Fwd P/E
43.9×
Dividend yield
3.88%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Earnings & Analysis
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Weyerhaeuser Company (WY) valuation and DCF model

What the price implies · reverse DCF

At $21.03 the price implies FFO a share growing 9.4% a year for ten years.

FFO a share grew −8.3% a year over the last ten years, −12.5% over the last five. The price asks for 17.7 points a year more than its ten-year rate. The industry’s median company is priced for 4.1%.

In December 2017 the price assumed 12.3% a year; Weyerhaeuser Company went on to grow FFO a share −8.5% a year to FY2025.

FFO a share is worked out from Weyerhaeuser Company’s 10-Ks and 10-Qs: net income, plus the depreciation of its property and impairments, less gains on property sales.

The last twelve months include the quarter to December 2025, when FFO a share was −$0.09 against a median of $0.29 in its other recent quarters; the headline reads the price through all four.

Price implies
9.4%
Last 5 years, reported
−12.5%
Last 10 years, reported
−8.3%
Industry median implies
4.1%

The headline discounts the last twelve months’ FFO a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
9.4% a year for ten years
$21.03
today’s price
Its base case
−8.3% a year for five years, then −5.0%
$6.19
70.6% below today’s price

Both are growth in FFO a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Weyerhaeuser Company’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · FFO a share
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in FFO a share. It usually slows as the company matures.

Today’s price implies FFO a share growing 9.4% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Weyerhaeuser Company’s own cost of capital: risk-free 4.3% + beta 0.94 × equity premium 4.5% = 8.5% cost of equity; weighted, 8.5%.

Use 8.5%
Base case value per share $6.19 ten years discounted, and what follows
Current price $21.03 market price per share
Below today’s price 70.6% downside at the base case’s assumptions

How we got there$3.55 10 years of FFO+$2.64 terminal value=$6.19 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Reit Specialty).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 34.33× 36.36× 31.52× 9% above 27.75× 24% above
P/FCF 53.22× 34.05× 38.74× 37% above 19.50× 173% above
P/B 1.66× 2.04× 2.35× 29% below 1.96× 15% below
EV/EBITDA 15.55× 15.96× 15.81× 2% below 17.39× 11% below
EV/Sales 2.96× 3.24× 3.54× 16% below 8.49× 65% below
P/FFO 26.63× 22.28× 23.01× 16% above — —
P/E P/FCF P/B EV/EBITDA EV/Sales P/FFO
21.63×44.54×67.45×90.35×10Y avg 38.74×2016201720182019202020212022202320242026

WY trades at 53.22× P/FCF, against a 10-year average of 38.74× (range 11.07×–96.96×). That is dearer than 78% of the last 9 year-end readings; re-rating to the average implies $15.31 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.