Great Report. Even Better To ComeNet Income went to $202,800,000.00 in 2021 from $33,400,000.00 in 2020, an increase of 16.5 %.
A $0.01% dividend was issued but in addition WEF instituted its biggest share buy back ever. Share buy backs are superior to dividends because the increase in equity value per share generates on-going increased profit to shareholders. It increases profits per share.
Earnings per share was $0.56 which based on $2.00/share is a return of 28%.
Even better wait and see what is coming in Q1 with rising lumber prices, logistical problems resolved, and improved weather conditions.
In Q1 expect a significant dividend increase, continued share buy backs, and increasing earnings/share.
Do not worry about the stock market undervaluation. What matters is the fundamental intrinsic value of your shares. The stock market will catch up. The time to buy is when the stock market undervalues the real worth of a company's shares.