Canfor trading at $87 USD per thousand board feet of lumberDeducting the cash on hand and assuming a 50% recovery of the US duties on deposit, Canfor is trading around $87 USD per thousand board feet of lumber. The replacement value of a mill was around $800 USD per mbf just a couple months ago. Lumber futures are at $450.
Princing in housing crash??
| Current price - 2022-10-06 | 19.30 | |
| Shares outstanding | 122,520,000 | |
| Market cap | 2,364,636,000 | |
| | | |
| Net cash, not net debt - 2022-06-30 | 1,267,000,000 | |
| Net cash to capitalization | -23% | |
| Cumulative duties - 2022-06-30 | 849,000,000 | |
| Est. duty recovery rate | 50% | |
| Est. duty recovery | 424,500,000 | |
| | | |
| Net cash | 1,267,000,000 | |
| Est. duty recovery | 424,500,000 | |
| | 1,691,500,000 | |
| Shares outstanding | 122,520,000 | |
| Cash per share | 13.81 | |
| | | |
| Current price - 2022-09-23 | 19.30 | |
| Cash per share | 13.81 | |
| Value ex cash | 5.49 | |
| Capacity (MBF) | 6,700,000 | |
| Est. permanent BC curtailment | - 1,000,000 | |
| | 5,700,000 | |
| Price per thousand board feet | 118 | CAD |
| | 1.35 | |
| Price per thousand board feet | 87 | USD |