Conifex Timber Inc T.CFF

Alternate Symbol(s): CFXTF

Forest Products Lumber & Wood Production

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year.

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Conifex Timber Inc

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Comment by dosperroson Apr 13, 2018 3:46pm

44 Views

Post# 27882229

RE:$17.08

$17 is a good target. My method is similar.

In the next 12 months I see EBITDA of $105M at 6.5x, less debt. That's $20.14 per share.

Longer run, we'll expand earnings through the ELD mill and see the sector's sick earnings bring in some new buyers. So in late 2019/2020 I see $125M in EBITDA at a 7.5x. That's about $30.55 assuming net debt down to $130.

The div is easy to pay and forecast levels are chump change. The power plant pays for it easily.

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