$West Fraser Timber (WFG.US)$🎯 2023.8.4 The current price i...

Additional data for the next two quarters of 2022 and the whole year, and the first two quarters of 2023

In 2022, revenue shrank 7.8%, operating profit fell 33.6%, and net profit fell 33%. Interest costs are negligible.

Revenue fell sharply by 46.1% in the first half of 2023, and operating profit and net profit turned into losses.

The balance ratio in 2022 fell from 26.6% to 23.6%, and rose slightly to 37.7% in 2023Q2

Goodwill and other intangible assets were $2,679 million, accounting for 36% of net assets of $7.416 billion. The long-term loan is 500 million, and the leverage ratio is extremely low. In 2022, the share capital fell from 3.402 billion to 2,667 billion, and 21.6% of the shares were cancelled.

Currently, the price-earnings ratio is 3.76. If you calculate the 5-year average net profit of 1.2 billion dollars, the price-earnings ratio is 5.5. Although it has entered a downward cycle in the short term, the valuation is not high, so you can increase your position with caution (⭐️)