Boise Cascade, L.L.C. (BCC) vs West Fraser Timber Co. Ltd. (WFG)

Boise Cascade, L.L.C. and West Fraser Timber Co. Ltd. are both Lumber & Wood Production companies. West Fraser Timber Co. Ltd. is the larger, with a market value of $5.5B against $2.7B — 2.1× the size. West Fraser Timber Co. Ltd. has negative trailing earnings, so its P/E is not meaningful; Boise Cascade, L.L.C. trades at 26.2×. Boise Cascade, L.L.C. grew revenue faster over the last twelve months: −1.52% against −10.2%. Boise Cascade, L.L.C. has the higher net margin (1.64% vs −23.0%) and the higher return on invested capital (4.52% vs −15.9%). Both pay a dividend; Boise Cascade, L.L.C. yields more (6.33% vs 1.55%). Across the 20 metrics below, Boise Cascade, L.L.C. leads on 15 and West Fraser Timber Co. Ltd. on 5.

Valuation

Metric BCC WFG Lumber & Wood Production median
P/E 26.19 n/m —
P/S 0.42 1.07 0.69
P/B 1.34 1.01 1.37
Price to free cash flow 25.87 n/m —
EV/EBITDA 8.88 n/m —
EV/Sales 0.45 1.12 0.62
Earnings yield 3.82% (21.44%) 3.82%
Free cash flow yield 3.86% (8.20%) 5.26%

Profitability

Metric BCC WFG Lumber & Wood Production median
Gross margin 16.51% 7.01% 16.13%
Operating margin 2.48% (28.46%) 2.48%
Net margin 1.64% (22.98%) 1.64%
Free cash flow margin 1.63% (8.78%) 2.28%
Return on equity 5.06% (19.32%) 2.53%
Return on assets 3.09% (14.86%) 1.55%
Return on invested capital 4.52% (15.94%) 2.26%

Growth

Metric BCC WFG Lumber & Wood Production median
Revenue growth (TTM) (1.52%) (10.18%) (4.72%)
EPS growth (last fiscal year) (63.11%) (17,157.14%) —
Revenue growth, 5-year CAGR 3.19% 4.55% 3.68%
Net income growth, 5-year CAGR (5.36%) 0.00% 0.00%

Health

Metric BCC WFG Lumber & Wood Production median
Debt to equity 0.24 0.06 0.12
Current ratio 2.71 2.06 3.00
Net debt to EBITDA (0.05) (0.15) (0.35)

Dividend

Metric BCC WFG Lumber & Wood Production median
Dividend yield 6.33% 1.55% —
Payout ratio 0.04 1.36 0.11

Size

Metric BCC WFG Lumber & Wood Production median
Market cap 2.66b 5.54b 3.51b

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