Financials Acadian Timber Corp.

Equities

ADN

CA0042721005

Forest & Wood Products

Market Closed - Toronto S.E. 03:28:30 2024-04-26 pm EDT 5-day change 1st Jan Change
17.17 CAD +0.06% Intraday chart for Acadian Timber Corp. +1.30% +0.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 277.7 268.7 320.1 252.7 294.7 296.3 -
Enterprise Value (EV) 1 370.9 359.6 413.6 354.4 390.9 387.3 383.1
P/E ratio 16 x 12.2 x 17.1 x 7.09 x 9.97 x 15.8 x 17.8 x
Yield 6.97% 7.2% 6.05% 7.75% 6.76% 6.76% 6.76%
Capitalization / Revenue 2.78 x 2.95 x 3.34 x 2.79 x 3.15 x 2.42 x 2.66 x
EV / Revenue 3.71 x 3.95 x 4.32 x 3.92 x 4.18 x 3.17 x 3.44 x
EV / EBITDA 15.7 x 16.7 x 18.4 x 19.5 x 19 x 13.4 x 15.1 x
EV / FCF -87.8 x 17.7 x 26 x 23.9 x 39.9 x 11.9 x 21.6 x
FCF Yield -1.14% 5.64% 3.84% 4.19% 2.51% 8.39% 4.62%
Price to Book 0.97 x 0.92 x 1.1 x 0.83 x - 0.9 x 0.91 x
Nbr of stocks (in thousands) 16,687 16,687 16,687 16,885 17,183 17,255 -
Reference price 2 16.64 16.10 19.18 14.96 17.15 17.17 17.17
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/7/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 100 91.03 95.73 90.47 93.48 122.3 111.3
EBITDA 1 23.6 21.48 22.49 18.19 20.59 28.85 25.3
EBIT 1 22.23 20.83 21.76 17.86 19.57 37.65 25.1
Operating Margin 22.22% 22.88% 22.73% 19.75% 20.93% 30.79% 22.56%
Earnings before Tax (EBT) 1 21.82 31.25 26.45 49.13 40.04 33.9 21.8
Net income 1 17.32 22.08 18.68 35.51 29.43 24.9 16
Net margin 17.32% 24.26% 19.52% 39.25% 31.49% 20.36% 14.38%
EPS 2 1.040 1.320 1.120 2.110 1.720 1.090 0.9650
Free Cash Flow 1 -4.226 20.27 15.9 14.86 9.794 32.5 17.7
FCF margin -4.22% 22.26% 16.61% 16.42% 10.48% 26.57% 15.91%
FCF Conversion (EBITDA) - 94.33% 70.69% 81.66% 47.58% 112.65% 69.96%
FCF Conversion (Net income) - 91.78% 85.08% 41.84% 33.27% 130.52% 110.62%
Dividend per Share 2 1.160 1.160 1.160 1.160 1.160 1.160 1.160
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/7/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 22.66 25.95 26.63 16.49 23.59 23.76 22.36 20.71 26.59 23.82 29.16 24.63 41.4 27.21
EBITDA 1 5.137 6.315 6.909 2.747 4.48 4.058 5.601 5.651 4.916 4.418 5.5 3.45 13.4 6.95
EBIT 1 4.754 6.166 6.838 2.684 4.406 3.937 5.304 5.217 4.733 4.312 7.45 6.9 16.85 5.9
Operating Margin 20.98% 23.76% 25.68% 16.27% 18.67% 16.57% 23.72% 25.19% 17.8% 18.11% 25.55% 28.02% 40.7% 21.68%
Earnings before Tax (EBT) 1 1.346 9.696 - 6.351 6.638 30.3 7.902 8.147 7.608 16.39 4.1 2.9 20.9 6
Net income 1 0.087 6.541 4.158 4.516 4.831 22 5.621 5.813 6.408 11.59 3 2.2 15.3 4.4
Net margin 0.38% 25.21% 15.61% 27.38% 20.48% 92.62% 25.14% 28.07% 24.1% 48.68% 10.29% 8.93% 36.96% 16.17%
EPS 2 0.0100 0.3900 0.2500 0.2700 0.2900 1.300 0.3300 0.3400 0.3700 0.6800 0.2000 0.1300 0.8900 0.2500
Dividend per Share 2 0.2900 0.2900 0.2900 0.2900 0.2900 0.2900 0.2900 0.2900 0.3700 0.2900 0.2900 0.2900 0.2900 0.2900
Announcement Date 10/27/21 2/9/22 5/4/22 7/27/22 10/26/22 2/8/23 5/3/23 7/26/23 11/1/23 2/7/24 - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 93.3 90.9 93.6 102 96.2 91 86.9
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 3.952 x 4.232 x 4.161 x 5.59 x 4.674 x 3.154 x 3.433 x
Free Cash Flow 1 -4.23 20.3 15.9 14.9 9.79 32.5 17.7
ROE (net income / shareholders' equity) 6% 7.61% 6.39% 6.28% - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 17.20 17.60 17.50 18.00 - 19.00 18.90
Cash Flow per Share - 1.240 0.9700 0.9100 - - -
Capex 1 0.09 0.35 0.33 0.38 0.62 0.8 0.8
Capex / Sales 0.09% 0.39% 0.35% 0.42% 0.66% 0.65% 0.72%
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/7/24 - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
17.17 CAD
Average target price
18.83 CAD
Spread / Average Target
+9.69%
Consensus
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  4. Financials Acadian Timber Corp.