Balance Sheet Stella-Jones Inc.

Equities

SJ

CA85853F1053

Forest & Wood Products

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-01-24 pm EST			5-day change	1st Jan Change
73.51 ^CAD	+0.25%		+3.83%	+3.26%

Nov. 12	Stella-Jones Inc.'s Equity Buyback announced on November 7, 2024, has expired.	CI
Nov. 07	Stella-Jones Price Target Lowered to $83 at CIBC	MT

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Published financial data: STELLA-JONES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.17B	2.55B	2.75B	3.06B	3.32B
Total Revenues	2.17B	2.55B	2.75B	3.06B	3.32B
Cost of Goods Sold, Total	1.81B	2.1B	2.29B	2.54B	2.63B
Gross Profit	359M	446M	456M	524M	688M
Selling General & Admin Expenses, Total	117M	125M	127M	157M	181M
Other Operating Expenses	-3.52M	12M	3M	3M	2M
Other Operating Expenses, Total	113M	137M	130M	160M	183M
Operating Income	245M	309M	326M	364M	505M
Interest Expense, Total	-23.66M	-25M	-23M	-33M	-68M
Net Interest Expenses	-23.66M	-25M	-23M	-33M	-68M
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	222M	284M	303M	331M	437M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-5M	-2M
Insurance Settlements	-	-	-	-	17M
Other Unusual Items	-3.1M	-	-	-	-21M
EBT, Incl. Unusual Items	219M	284M	303M	326M	431M
Income Tax Expense	55.6M	74M	76M	85M	105M
Earnings From Continuing Operations	163M	210M	227M	241M	326M
Net Income to Company	163M	210M	227M	241M	326M
Net Income - (IS)	163M	210M	227M	241M	326M
Net Income to Common Incl Extra Items	163M	210M	227M	241M	326M
Net Income to Common Excl. Extra Items	163M	210M	227M	241M	326M
Per Share Items
Net EPS - Basic	2.37	3.12	3.49	3.93	5.62
Basic EPS - Continuing Operations	2.37	3.12	3.49	3.93	5.62
Basic Weighted Average Shares Outstanding	68.76M	67.3M	65M	61.4M	57.96M
Net EPS - Diluted	2.37	3.12	3.49	3.93	5.62
Diluted EPS - Continuing Operations	2.37	3.12	3.49	3.93	5.62
Diluted Weighted Average Shares Outstanding	68.77M	67.3M	65M	61.4M	57.97M
Normalized Basic EPS	2.02	2.64	2.91	3.37	4.71
Normalized Diluted EPS	2.02	2.64	2.91	3.37	4.71
Dividend Per Share	0.56	0.6	0.72	0.8	0.92
Payout Ratio	23.59	19.05	20.7	20.33	16.26
Supplemental Items
EBITDA	283M	347M	359M	407M	555M
EBITA	259M	321M	334M	376M	515M
EBIT	245M	309M	326M	364M	505M
Effective Tax Rate - (Ratio)	25.43	26.06	25.08	26.07	24.36
Total Current Taxes	41.34M	66M	64M	79M	83M
Total Deferred Taxes	14.27M	8M	12M	6M	22M
Normalized Net Income	139M	178M	189M	207M	273M
Interest on Long-Term Debt	22.27M	24M	23M	33M	68M
Non-Cash Pension Expense	484K	0	1M	1M	0
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	2.63M	5M	4M	7M	13M
Total Stock-Based Compensation	2.63M	5M	4M	7M	13M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	-	-	-	-	-
Accounts Receivable, Total	174M	193M	218M	270M	270M
Other Receivables	11.35M	15M	21M	17M	49M
Total Receivables	185M	208M	239M	287M	319M
Inventory	971M	1.08B	1.11B	1.24B	1.58B
Prepaid Expenses	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	36.03M	36M	43M	58M	48M
Total Current Assets	1.19B	1.32B	1.39B	1.58B	1.95B
Gross Property Plant And Equipment	842M	886M	965M	1.14B	1.45B
Accumulated Depreciation	-157M	-177M	-198M	-226M	-258M
Net Property Plant And Equipment	685M	709M	767M	915M	1.19B
Long-term Investments	1.24M	-	3M	29M	21M
Goodwill	285M	280M	341M	369M	375M
Other Intangibles, Total	115M	115M	158M	171M	169M
Other Long-Term Assets, Total	3.88M	3M	8M	6M	5M
Total Assets	2.28B	2.43B	2.66B	3.07B	3.71B
Liabilities
Accounts Payable, Total	65.31M	55M	57M	157M	152M
Accrued Expenses, Total	54.26M	61M	82M	-	-
Current Portion of Long-Term Debt	6.54M	13M	33M	1M	100M
Current Portion of Leases	29.23M	33M	35M	41M	54M
Current Income Taxes Payable	1.05M	19M	1M	7M	-
Other Current Liabilities	25.73M	37M	34M	53M	78M
Total Current Liabilities	182M	218M	242M	259M	384M
Long-Term Debt	598M	595M	701M	940M	1.22B
Long-Term Leases	88.91M	106M	109M	126M	240M
Pension & Other Post Retirement Benefits	11.04M	15M	13M	7M	10M
Deferred Tax Liability Non Current	101M	104M	137M	158M	175M
Other Non Current Liabilities	11.66M	15M	15M	26M	31M
Total Liabilities	993M	1.05B	1.22B	1.52B	2.06B
Common Stock, Total	217M	214M	208M	194M	189M
Additional Paid In Capital	386K	-	-	-	-
Retained Earnings	968M	1.08B	1.16B	1.19B	1.33B
Comprehensive Income and Other	103M	80M	79M	171M	134M
Total Common Equity	1.29B	1.37B	1.45B	1.56B	1.65B
Total Equity	1.29B	1.37B	1.45B	1.56B	1.65B
Total Liabilities And Equity	2.28B	2.43B	2.66B	3.07B	3.71B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	67.47M	65.39M	63M	58.69M	56.76M
ECS Total Common Shares Outstanding	67.47M	66.19M	63.77M	59.12M	56.87M
Book Value / Share	19.1	20.74	22.71	26.34	29.05
Tangible Book Value	889M	978M	949M	1.02B	1.11B
Tangible Book Value Per Share	13.17	14.78	14.88	17.2	19.48
Total Debt	723M	747M	878M	1.11B	1.61B
Net Debt	723M	747M	878M	1.11B	1.61B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.52M	12M	10M	5M	8M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	655M	693M	692M	770M	988M
Inventories - Finished Goods, Total	315M	382M	414M	468M	592M
Land - (BS)	56.78M	58M	61M	68M	76M
Buildings, Total	131M	133M	147M	179M	202M
Machinery, Total	519M	540M	597M	716M	867M
Full Time Employees	2.19K	-	2.4K	2.62K	2.9K
Accumulated Allowance for Doubtful Accounts (Supple)	412K	1M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	163M	210M	227M	241M	326M
Depreciation & Amortization - CF	56.19M	64M	63M	73M	93M
Amortization of Goodwill and Intangible Assets - (CF)	13.43M	12M	8M	12M	10M
Depreciation & Amortization, Total	69.62M	76M	71M	85M	103M
Amortization of Deferred Charges, Total - (CF)	900K	0	3M	4M	6M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Other Operating Activities, Total	2.69M	48M	-27M	30M	17M
Change In Accounts Receivable	6.16M	-32M	-19M	-43M	-7M
Change In Inventories	-162M	-123M	-21M	-75M	-353M
Change In Accounts Payable	11.44M	1M	24M	22M	9M
Change In Income Taxes	-	-	-	-	-2M
Change in Other Net Operating Assets	-1.74M	-2M	-7M	-9M	8M
Cash from Operations	89.92M	178M	251M	255M	107M
Capital Expenditure	-65.84M	-42M	-48M	-97M	-152M
Sale of Property, Plant, and Equipment	997K	1M	-	-	-
Cash Acquisitions	-	-	-129M	-46M	-93M
Sale (Purchase) of Real Estate properties	-	-	-	-	-3M
Sale (Purchase) of Intangible assets	-1.88M	-13M	-16M	-11M	-10M
Other Investing Activities, Total	995K	-	-	-	-
Cash from Investing	-65.73M	-54M	-193M	-154M	-258M
Short Term Debt Issued, Total	-	-	125M	-	-
Long-Term Debt Issued, Total	127M	20M	247M	202M	395M
Total Debt Issued	127M	20M	372M	202M	395M
Short Term Debt Repaid, Total	-	-	-123M	-	-
Long-Term Debt Repaid, Total	-41.28M	-43M	-153M	-74M	-51M
Total Debt Repaid	-41.28M	-43M	-276M	-74M	-51M
Issuance of Common Stock	1.39M	1M	-	-	-
Repurchase of Common Stock	-70.65M	-60M	-108M	-180M	-142M
Common Dividends Paid	-38.47M	-40M	-47M	-49M	-53M
Common & Preferred Stock Dividends Paid	-38.47M	-40M	-47M	-49M	-53M
Other Financing Activities, Total	-1.82M	-2M	1M	-	2M
Cash from Financing	-24.19M	-124M	-58M	-101M	151M
Net Change in Cash	-	-	-	-	-
Supplemental Items
Cash Interest Paid	24.22M	26M	23M	32M	68M
Cash Income Tax Paid (Refund)	44.52M	42M	91M	65M	99M
Levered Free Cash Flow	17.4M	102M	136M	42.88M	-118M
Unlevered Free Cash Flow	32.18M	118M	151M	63.5M	-75.38M
Change In Net Working Capital	127M	101M	67M	152M	351M
Net Debt Issued / Repaid	85.36M	-23M	96M	128M	344M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.06	8.21	8	7.93	9.31
Return on Total Capital	8.06	9.35	9.17	9.12	10.65
Return On Equity %	12.69	15.78	16.09	16.04	20.32
Return on Common Equity	12.69	15.78	16.09	16.04	20.32
Margin Analysis
Gross Profit Margin %	16.53	17.48	16.58	17.1	20.73
SG&A Margin	5.38	4.9	4.62	5.12	5.45
EBITDA Margin %	13.03	13.6	13.05	13.28	16.72
EBITA Margin %	11.93	12.58	12.15	12.27	15.52
EBIT Margin %	11.32	12.11	11.85	11.88	15.22
Income From Continuing Operations Margin %	7.52	8.23	8.25	7.86	9.82
Net Income Margin %	7.52	8.23	8.25	7.86	9.82
Net Avail. For Common Margin %	7.52	8.23	8.25	7.86	9.82
Normalized Net Income Margin	6.39	6.96	6.89	6.75	8.23
Levered Free Cash Flow Margin	0.8	4.02	4.96	1.4	-3.55
Unlevered Free Cash Flow Margin	1.48	4.63	5.48	2.07	-2.27
Asset Turnover
Asset Turnover	1	1.08	1.08	1.07	0.98
Fixed Assets Turnover	3.51	3.66	3.73	3.64	3.15
Receivables Turnover (Average Receivables)	12.19	13.9	13.38	12.56	12.29
Inventory Turnover (Average Inventory)	2	2.06	2.1	2.17	1.87
Short Term Liquidity
Current Ratio	6.54	6.05	5.74	6.11	5.07
Quick Ratio	1.02	0.95	0.99	1.11	0.83
Operating Cash Flow to Current Liabilities	0.49	0.82	1.04	0.98	0.28
Days Sales Outstanding (Average Receivables)	29.95	26.33	27.28	29.06	29.69
Days Outstanding Inventory (Average Inventory)	182.36	177.87	173.51	168.35	195.47
Average Days Payable Outstanding	11.12	9.94	8.79	19.19	18.97
Cash Conversion Cycle (Average Days)	201.19	194.26	191.99	178.22	206.2
Long Term Solvency
Total Debt/Equity	56.13	54.41	60.64	71.16	97.46
Total Debt / Total Capital	35.95	35.24	37.75	41.58	49.36
LT Debt/Equity	53.36	51.06	55.94	68.46	88.14
Long-Term Debt / Total Capital	34.17	33.07	34.82	40	44.64
Total Liabilities / Total Assets	43.52	43.4	45.67	49.33	55.45
EBIT / Interest Expense	10.38	12.36	14.17	11.03	7.43
EBITDA / Interest Expense	13.32	15.4	17.26	13.61	8.94
(EBITDA - Capex) / Interest Expense	10.54	13.72	15.17	10.67	6.71
Total Debt / EBITDA	2.3	1.94	2.21	2.47	2.65
Net Debt / EBITDA	2.3	1.94	2.21	2.47	2.65
Total Debt / (EBITDA - Capex)	2.9	2.18	2.52	3.15	3.53
Net Debt / (EBITDA - Capex)	2.9	2.18	2.52	3.15	3.53
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.12	16.54	7.8	11.45	8.29
Gross Profit, 1 Yr. Growth %	9.32	24.58	2.24	14.91	31.3
EBITDA, 1 Yr. Growth %	15.74	24.37	4.06	13.37	36.36
EBITA, 1 Yr. Growth %	15.99	25.88	4.7	12.57	36.97
EBIT, 1 Yr. Growth %	18.57	27.69	5.5	11.66	38.74
Earnings From Cont. Operations, 1 Yr. Growth %	18.52	28.83	8.1	6.17	35.27
Net Income, 1 Yr. Growth %	18.52	28.83	8.1	6.17	35.27
Normalized Net Income, 1 Yr. Growth %	18.04	30.28	6.69	9.24	32.02
Diluted EPS Before Extra, 1 Yr. Growth %	19.7	31.71	11.86	12.47	43.23
Accounts Receivable, 1 Yr. Growth %	-4.6	10.92	12.95	23.85	0
Inventory, 1 Yr. Growth %	15.74	10.71	2.88	11.93	27.63
Net Property, Plant and Equip., 1 Yr. Growth %	24.06	3.65	8.18	19.3	30.16
Total Assets, 1 Yr. Growth %	10.61	6.36	9.85	15.31	20.66
Tangible Book Value, 1 Yr. Growth %	4.37	10.14	-2.97	7.17	8.95
Common Equity, 1 Yr. Growth %	0.54	6.6	5.46	7.53	6.1
Cash From Operations, 1 Yr. Growth %	-29.79	97.78	41.01	1.59	-58.04
Capital Expenditures, 1 Yr. Growth %	27.68	-36.36	14.29	110.87	63.44
Levered Free Cash Flow, 1 Yr. Growth %	-152.84	584.2	33.05	-69.02	-351.47
Unlevered Free Cash Flow, 1 Yr. Growth %