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.

TSX:CFF - Post by User

Conifex Timber Inc

Bullboard Posts

Post by dosperroson Jul 05, 2018 3:21pm

88 Views

Post# 28274195

Most Inexpensive Stock on the TSX? Cheaper than Dogs.

I can't find anything else this cheap. Even clunkers like Resolute FP are trading at 3x Market Cap or 5x EV. Crazy, given the pulp exposure. I own RFP too, but that's historically the low-water mark for valuation.

CFF is trading, looking forward, at about a market cap of $200M and EV of maybe $600M. Looking at EBITDA of maybe $150M going forward, that's 1.3x Market Cap and 4x EV.

Astronomically cheap. Not forever, but knowing how it trades I have to assume it'll take a good news Q2 (likely) and another few winners (Q3, Q4) to show the integration of the new mills went well to make a difference.

Bullboard Posts

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