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 $5.4B against $2.6B — 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 21.7×. Boise Cascade, L.L.C. grew revenue faster over the last twelve months: 1.23% against −7.15%. Boise Cascade, L.L.C. has the higher net margin (1.82% vs −20.4%) and the higher return on invested capital (5.31% vs −14.2%). Both pay a dividend; West Fraser Timber Co. Ltd. yields more (1.85% vs 1.20%). 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 21.70 n/m —
P/S 0.39 1.02 0.72
P/B 1.26 0.99 1.38
Price to free cash flow 19.25 n/m —
EV/EBITDA 7.96 n/m —
EV/Sales 0.43 1.09 0.64
Earnings yield 4.61% (19.95%) 4.61%
Free cash flow yield 5.19% (7.54%) 5.08%

Profitability

Metric BCC WFG Lumber & Wood Production median
Gross margin 16.66% 9.65% 15.41%
Operating margin 2.78% (24.66%) 2.78%
Net margin 1.82% (20.40%) 1.82%
Free cash flow margin 2.04% (7.71%) 2.04%
Return on equity 5.73% (17.86%) 0.00%
Return on assets 3.53% (13.46%) 1.77%
Return on invested capital 5.31% (14.15%) 2.66%

Growth

Metric BCC WFG Lumber & Wood Production median
Revenue growth (TTM) 1.23% (7.15%) (0.71%)
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 0.09 0.12
Current ratio 2.82 2.29 3.10
Net debt to EBITDA (0.05) (0.15) (0.35)

Dividend

Metric BCC WFG Lumber & Wood Production median
Dividend yield 1.20% 1.85% —
Payout ratio 0.26 — —

Size

Metric BCC WFG Lumber & Wood Production median
Market cap 2.57b 5.42b 3.74b

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