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 $5.1B against $2.6B — 2.0× 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 25.8×. 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; West Fraser Timber Co. Ltd. yields more (1.95% vs 1.17%). Across the 20 metrics below, Boise Cascade, L.L.C. leads on 14 and West Fraser Timber Co. Ltd. on 6.

Valuation

Metric BCC WFG Lumber & Wood Production median
P/E 25.81 n/m —
P/S 0.42 0.98 0.68
P/B 1.32 0.92 1.35
Price to free cash flow 25.49 n/m —
EV/EBITDA 9.06 n/m —
EV/Sales 0.46 1.03 0.61
Earnings yield 3.87% (23.41%) 3.87%
Free cash flow yield 3.92% (8.95%) 5.30%

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%) (44.63%)
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 1.17% 1.95% —
Payout ratio 0.30 — —

Size

Metric BCC WFG Lumber & Wood Production median
Market cap 2.63b 5.13b 3.45b

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