$West Fraser Timber (WFG.US)$ 🎯 2024.4.3 Current price: 84....

New data: Q3 23, Q4 23, revenue continues to shrink, operating profit was once severely affected by the ratio of expenses in Q3, and net profit was significantly expanded in Q4 due to the impact of restructuring and M&A expenses.

In 2023, revenue shrank by 33.5%, operating profit slightly decreased, and net profit expanded significantly due to the impact of restructuring and M&A expenses.

There is not much change in the asset-liability ratio, decreasing from 23.6% to 23.3%. Total assets and net assets have both decreased, and interest-bearing liabilities of 0.3 billion have been transferred from long-term loans to short-term loans.

The operating net cash flow is slightly lower than the net investment, and no shareholder surplus is generated.

The current pb ratio is 0.95, the 5-year average net income of 1.05 billion corresponds to a pe ratio of 6.5, and the dividend yield is 1.4%. The valuation is not high, but because the company has not yet completed a full cycle since going public, no adjustments will be made for now.