RE:IFP top inflation play for 2022$20 per share in 2022 very possible. My calc is $23 at $1k lumber.
My prediction: around $15 per share FCF based on a risk weighted buffer.
Most commodity companies have P/E ratios closer to 10 at the best of times.
Recently many have been closer to 5, just look at the oil industry, I have sompanies with P/E below 3...
So:
P/E of 5: $75
P/E of 10: $150
I fully expect IFP to hit $75 if lumber prices stay above $1k till summer.