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    ADN   CA0042721005

ACADIAN TIMBER CORP.

(ADN)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-01-27 pm EST
16.80 CAD   +1.20%
01/20Notice of 2022 Fourth Quarter Results Conference Call and Webcast for Investors And Analysts
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01/20Notice of 2022 Fourth Quarter Results Conference Call and Webcast for Investors And Analysts
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01/17Morningstar On 'What Canadian Dividends Are Likely to be Cut?' - 2nd of 2 parts
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Acadian Timber Corp. Provides an Update on Its Ongoing Carbon Credit Project

09/02/2022 | 08:04am EST

Acadian Timber Corp. provided an update on its ongoing carbon credit project. During 2021, Acadian executed its first carbon development and marketing agreement to develop voluntary carbon credits on the portion of its Maine Timberlands that is subject to a working forest conservation easement.

This project commits Acadian to balancing harvest and growth, and requires long term planning, annual reporting, periodic carbon inventory verification, and maintenance of the existing sustainable forestry certification. Preliminary credit volumes have been submitted to third-party verifiers, who will audit the model. Accordingly, the final issued volumes could vary from the estimates presented.

Under the current timeline, credits are expected to be registered on the American Carbon Registry in the fourth quarter of 2022, with the potential for sales to be realized immediately thereafter. The impact to Acadian's financial results is subject to the successful marketing of the credits and to the timing of, and prices obtained from, contracts negotiated with third parties, which are not yet in place. After the share of proceeds allocated to the project developer and project related expenses, Acadian is expected to receive approximately 84% of gross revenues from any sale of the carbon credits.


ę S&P Capital IQ 2022
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Analyst Recommendations on ACADIAN TIMBER CORP.
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Financials
Sales 2022 93,6 M 70,3 M 70,3 M
Net income 2022 16,8 M 12,6 M 12,6 M
Net Debt 2022 104 M 77,8 M 77,8 M
P/E ratio 2022 15,9x
Yield 2022 6,90%
Capitalization 284 M 213 M 213 M
EV / Sales 2022 4,14x
EV / Sales 2023 4,09x
Nbr of Employees 77
Free-Float 54,9%
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 5
Last Close Price 16,80 CAD
Average target price 17,40 CAD
Spread / Average Target 3,57%
EPS Revisions
Managers and Directors
Adam Sheparski President, Chief Executive Officer & Director
Susan Wood Chief Financial Officer
Malcolm Cockwell Chairman
Normand Hache SVP-Marketing & Operations
Bruce K. Robertson Independent Director
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