Financials Stella-Jones Inc.

Equities

SJ

CA85853F1053

Forest & Wood Products

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-12-10 pm EST			5-day change	1st Jan Change
72.33 ^CAD	-2.10%		-0.08%	-6.21%

Nov. 07	Stella-Jones Price Target Lowered to $83 at CIBC	MT
Nov. 06	Stella-Jones Seeks Acquisitions	CI

Projected Income Statement: Stella-Jones Inc.

income-statement-evolution-chart STELLA-JONES-INC

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,169	2,551	2,750	3,065	3,319	3,437	3,610	3,723
Change	-	17.61%	7.8%	11.45%	8.29%	3.55%	5.05%	3.11%
EBITDA ¹	312.9	385	400	448	608	633.1	630.2	634.4
Change	-	23.04%	3.9%	12%	35.71%	4.13%	-0.45%	0.67%
EBIT ¹	242.3	309	326	359	499	500.2	490.8	494.1
Change	-	27.53%	5.5%	10.12%	39%	0.24%	-1.88%	0.66%
Interest Paid ¹	-23.66	-25	-23	-33	-68	-85.68	-76.1	-80.5
Earnings before Tax (EBT) ¹	218.7	284	303	326	431	413.4	401.7	413.6
Change	-	29.87%	6.69%	7.59%	32.21%	-4.09%	-2.83%	2.97%
Net income ¹	163.1	210	227	241	326	305.3	304.3	307
Change	-	28.76%	8.1%	6.17%	35.27%	-6.35%	-0.33%	0.9%
Announcement Date	3/11/20	3/10/21	3/9/22	3/8/23	2/29/24	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	439.9	503	768	742	533	623	903	679	545	651	907	842	665	710	972	949	688	775	1,049	915	696.9	815.2	1,095	957.9	735.7	847.5	1,140	997.9
Change	-	14.34%	52.68%	-3.39%	-28.17%	16.89%	44.94%	-24.81%	-19.73%	19.45%	39.32%	-7.17%	-21.02%	6.77%	36.9%	-2.37%	-27.5%	12.65%	35.35%	-12.77%	-23.84%	16.98%	34.34%	-12.53%	-23.2%	15.2%	34.5%	-12.46%
EBITDA ¹	58.8	70	120	132	70	99	180	69	52	88	154	119	87	120	175	193	120	156	200	162	113.3	146.8	194.3	166.2	126.7	143.7	204.4	172.5
Change	-	19.05%	71.43%	10%	-46.97%	41.43%	81.82%	-61.67%	-24.64%	69.23%	75%	-22.73%	-26.89%	37.93%	45.83%	10.29%	-37.82%	30%	28.21%	-19%	-30.04%	29.5%	32.42%	-14.49%	-23.73%	13.38%	42.24%	-15.61%
EBIT ¹	41.4	45	101	113	50	82	161	51	32	67	133	98	61	95	149	166	89	124	168	130	80.03	110.8	155.7	127.8	89.65	108.6	168.3	133.1
Change	-	8.7%	124.44%	11.88%	-55.75%	64%	96.34%	-68.32%	-37.25%	109.38%	98.51%	-26.32%	-37.76%	55.74%	56.84%	11.41%	-46.39%	39.33%	35.48%	-22.62%	-38.44%	38.38%	40.59%	-17.89%	-29.88%	21.14%	54.97%	-20.92%
Charge d'intérêts ¹	-5.654	-7	-7	-6	-5	-6	-6	-5	-6	-6	-6	-10	-10	-14	-16	-17	-21	-22	-20	-23	-22	-21	-21	-21	-21	-23	-23	-23
Earnings before Tax (EBT) ¹	35.74	38	94	107	45	76	155	46	26	61	127	88	50	81	133	149	68	102	148	107	60.05	89.75	134.7	106.8	68.15	85.6	145.3	110.1
Change	-	6.33%	147.37%	13.83%	-57.94%	68.89%	103.95%	-70.32%	-43.48%	134.62%	108.2%	-30.71%	-43.18%	62%	64.2%	12.03%	-54.36%	50%	45.1%	-27.7%	-43.88%	49.46%	50.08%	-20.68%	-36.22%	25.61%	69.74%	-24.23%
Net income ¹	27.7	28	69	79	34	56	115	34	22	46	94	65	36	60	100	110	56	77	110	80	39.4	67.65	101.2	79.8	50.75	64.6	109.7	83.1
Change	-	1.08%	146.43%	14.49%	-56.96%	64.71%	105.36%	-70.43%	-35.29%	109.09%	104.35%	-30.85%	-44.62%	66.67%	66.67%	10%	-49.09%	37.5%	42.86%	-27.27%	-50.75%	71.7%	49.67%	-21.19%	-36.4%	27.29%	69.81%	-24.25%
Announcement Date	3/11/20	5/7/20	8/5/20	11/5/20	3/10/21	5/3/21	8/3/21	11/9/21	3/9/22	5/11/22	8/10/22	11/9/22	3/8/23	5/10/23	8/9/23	11/7/23	2/29/24	5/8/24	8/7/24	11/6/24	-	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Stella-Jones Inc.

balance-sheet-analysis-chart STELLA-JONES-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	723	745	878	1,108	1,610	1,447	1,310	1,271
Change	-	3.04%	17.85%	26.2%	45.31%	-10.12%	-9.47%	-2.98%
Announcement Date	3/11/20	3/10/21	3/9/22	3/8/23	2/29/24	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Stella-Jones Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	65.84	42	48	97	155	113.3	86	82.5
Change	-	-36.21%	14.29%	102.08%	59.79%	-26.9%	-24.1%	-4.07%
Free Cash Flow (FCF) ¹	24.08	137	203	128	-48	262.9	280.5	258.9
Change	-	468.98%	48.18%	-36.95%	-137.5%	-647.67%	6.69%	-7.69%
Announcement Date	3/11/20	3/10/21	3/9/22	3/8/23	2/29/24	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Stella-Jones Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	14.43%	15.09%	14.55%	14.62%	18.32%	18.42%	17.46%	17.04%
EBIT Margin (%)	11.17%	12.11%	11.85%	11.71%	15.03%	14.56%	13.6%	13.27%
EBT Margin (%)	10.08%	11.13%	11.02%	10.64%	12.99%	12.03%	11.13%	11.11%
Net margin (%)	7.52%	8.23%	8.25%	7.86%	9.82%	8.88%	8.43%	8.25%
FCF margin (%)	1.11%	5.37%	7.38%	4.18%	-1.45%	7.65%	7.77%	6.95%
FCF / Net Income (%)	14.76%	65.24%	89.43%	53.11%	-14.72%	86.11%	92.17%	84.32%
Profitability
ROA	7.51%	8.9%	-	-	-	-	-	-
ROE	12.7%	15.78%	16.09%	18.5%	20.3%	16.8%	15.2%	14.7%
Financial Health
Leverage (Debt/EBITDA)	2.31x	1.94x	2.2x	2.47x	2.65x	2.29x	2.08x	2x
Debt / Free cash flow	30.03x	5.44x	4.33x	8.66x	-33.54x	5.5x	4.67x	4.91x
Capital Intensity
CAPEX / Current Assets (%)	3.04%	1.65%	1.75%	3.16%	4.67%	3.3%	2.38%	2.22%
CAPEX / EBITDA (%)	21.04%	10.91%	12%	21.65%	25.49%	17.9%	13.65%	13%
CAPEX / FCF (%)	273.44%	30.66%	23.65%	75.78%	-322.92%	43.1%	30.66%	31.87%
Items per share
Cash flow per share ¹	1.308	2.645	3.862	4.152	1.846	7.45	7.33	-
Change	-	102.27%	46%	7.51%	-55.54%	303.62%	-1.61%	-
Dividend per Share ¹	0.56	0.6	0.72	0.8	0.92	1.01	1.188	1.382
Change	-	7.14%	20%	11.11%	15%	9.78%	17.57%	16.41%
Book Value Per Share ¹	19.1	20.74	22.28	26.34	28.5	32.71	35.72	37.47
Change	-	8.61%	7.41%	18.24%	8.19%	14.8%	9.19%	4.89%
EPS ¹	2.37	3.12	3.49	3.93	5.62	5.462	5.784	5.771
Change	-	31.65%	11.86%	12.61%	43%	-2.82%	5.89%	-0.21%
Nbr of stocks (in thousands)	67,989	66,508	64,241	59,346	57,021	56,029	56,029	56,029
Announcement Date	3/11/20	3/10/21	3/9/22	3/8/23	2/29/24	-	-	-