# West Fraser Timber Co. Ltd (WFG.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Paper & Forest Products. Price C$95.08, market value C$7.4 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). West Fraser Timber Co. Ltd reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.0×**. Each dollar of revenue is priced at 1.0×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -8.9%** (5-yr avg 8.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 10.1%**. West Fraser Timber Co. Ltd keeps 10.1% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -31.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -17.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -16.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -25.1%**. Return on all capital, debt included, is -25.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -19.4%**. Each dollar of assets produces -19.4% of profit.

## Growth
- **Revenue growth (1 yr): -35.4%** (3-yr -17.7%/yr, 5-yr 4.6%/yr). Revenue fell 35.4% over the last year, against 4.6% a year compounded over five years: growth is slowing.

## Financial health
- **Debt to equity: 0.06**. Debt is 0.06 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. West Fraser Timber Co. Ltd holds more cash than debt.
- **Interest coverage: -43.6×**. Operating profit covers interest only -43.6×: fragile.
- **Current ratio: 2.13** (quick 0.86). Current assets cover the next year's liabilities 2.13 times.
- **Altman Z-score: 3.92**. A Z-score of 3.92 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.91%** (C$1.82 per share, trailing). West Fraser Timber Co. Ltd yields 1.91%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 17.4%/yr** (1-yr 2.9%). The dividend has compounded at 17.4% a year over five years, doubling roughly every 4 years at that pace.

## Analyst view
- **Analyst consensus: buy** (2 analysts). 2 analysts cover West Fraser Timber Co. Ltd; the consensus is buy, with an average price target of C$105.03 (+10% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -3.4%** (YTD 14.3%, 3-mo 3.9%). The shares are down 3.4% over twelve months including dividends.
- **From 52-week high: -10.6%** (18.3% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 0.79** (volatility 33%). Beta of 0.79 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WFG.TO · Page: https://foliofundamentals.com/stocks/wfg.to

Not investment advice.