Canfor Corporation (CFP) - Net Assets
Based on the latest financial reports, Canfor Corporation (CFP) has net assets worth CA$2.72 Billion CAD (≈ $1.97 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.98 Billion ≈ $3.60 Billion USD) and total liabilities (CA$2.26 Billion ≈ $1.63 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CFP asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.72 Billion |
| % of Total Assets | 54.68% |
| Annual Growth Rate | 4.78% |
| 5-Year Change | -32.05% |
| 10-Year Change | 56.7% |
| Growth Volatility | 28.77 |
Canfor Corporation - Net Assets Trend (1993–2025)
This chart illustrates how Canfor Corporation's net assets have evolved over time, based on quarterly financial data. Also explore CFP total assets for the complete picture of this company's asset base.
Annual Net Assets for Canfor Corporation (1993–2025)
The table below shows the annual net assets of Canfor Corporation from 1993 to 2025. For live valuation and market cap data, see Canfor Corporation stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$2.72 Billion ≈ $1.97 Billion |
-23.99% |
| 2024-12-31 | CA$3.58 Billion ≈ $2.59 Billion |
-16.22% |
| 2023-12-31 | CA$4.28 Billion ≈ $3.09 Billion |
-10.19% |
| 2022-12-31 | CA$4.76 Billion ≈ $3.45 Billion |
+18.80% |
| 2021-12-31 | CA$4.01 Billion ≈ $2.90 Billion |
+52.22% |
| 2020-12-31 | CA$2.63 Billion ≈ $1.91 Billion |
+27.30% |
| 2019-12-31 | CA$2.07 Billion ≈ $1.50 Billion |
-11.58% |
| 2018-12-31 | CA$2.34 Billion ≈ $1.69 Billion |
+16.94% |
| 2017-12-31 | CA$2.00 Billion ≈ $1.45 Billion |
+15.10% |
| 2016-12-31 | CA$1.74 Billion ≈ $1.26 Billion |
+6.81% |
| 2015-12-31 | CA$1.63 Billion ≈ $1.18 Billion |
-0.60% |
| 2014-12-31 | CA$1.64 Billion ≈ $1.18 Billion |
+2.52% |
| 2013-12-31 | CA$1.60 Billion ≈ $1.16 Billion |
+21.96% |
| 2012-12-31 | CA$1.31 Billion ≈ $947.49 Million |
-3.70% |
| 2011-12-31 | CA$1.36 Billion ≈ $983.88 Million |
-20.79% |
| 2010-12-31 | CA$1.72 Billion ≈ $1.24 Billion |
+3.43% |
| 2009-12-31 | CA$1.66 Billion ≈ $1.20 Billion |
-6.29% |
| 2008-12-31 | CA$1.77 Billion ≈ $1.28 Billion |
-16.42% |
| 2007-12-31 | CA$2.12 Billion ≈ $1.53 Billion |
-16.04% |
| 2006-12-31 | CA$2.52 Billion ≈ $1.83 Billion |
+23.35% |
| 2005-12-31 | CA$2.05 Billion ≈ $1.48 Billion |
+4.06% |
| 2004-12-31 | CA$1.97 Billion ≈ $1.42 Billion |
+80.61% |
| 2003-12-31 | CA$1.09 Billion ≈ $787.77 Million |
+14.16% |
| 2002-12-31 | CA$953.90 Million ≈ $690.04 Million |
-0.69% |
| 2001-12-31 | CA$960.52 Million ≈ $694.83 Million |
+1.03% |
| 2000-12-31 | CA$950.69 Million ≈ $687.71 Million |
+5.42% |
| 1999-12-31 | CA$901.80 Million ≈ $652.35 Million |
+111.69% |
| 1998-12-31 | CA$426.00 Million ≈ $308.16 Million |
-37.54% |
| 1997-12-31 | CA$682.00 Million ≈ $493.35 Million |
+0.46% |
| 1996-12-31 | CA$678.90 Million ≈ $491.11 Million |
-9.58% |
| 1995-12-31 | CA$750.80 Million ≈ $543.12 Million |
+7.53% |
| 1994-12-31 | CA$698.20 Million ≈ $505.07 Million |
+14.27% |
| 1993-12-31 | CA$611.00 Million ≈ $441.99 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Canfor Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 648.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.47 Billion | 58.56% |
| Common Stock | CA$918.50 Million | 36.65% |
| Other Comprehensive Income | CA$216.70 Million | 8.65% |
| Total Equity | CA$2.51 Billion | 100.00% |
Canfor Corporation Competitors by Market Cap
The table below lists competitors of Canfor Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yotrio Group Co Ltd
SHE:002489
|
$1.03 Billion |
|
Fnac Darty SA
PA:FNAC
|
$1.03 Billion |
|
alstria office REIT-AG
XETRA:AOX
|
$1.03 Billion |
|
Iovance Biotherapeutics Inc
NASDAQ:IOVA
|
$1.03 Billion |
|
Time Technoplast Limited
NSE:TIMETECHNO
|
$1.03 Billion |
|
Cisen Pharmaceutical Co Ltd
SHG:603367
|
$1.03 Billion |
|
Guangzhou Newlife New Material Co. Ltd. A
SHE:301323
|
$1.03 Billion |
|
DLG Exhibitions & Events Corp Ltd
SHG:600826
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canfor Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,311,800,000 to 2,506,300,000, a change of -805,500,000 (-24.3%).
- Net loss of 796,700,000 reduced equity.
- Share repurchases of 28,000,000 reduced equity.
- Other comprehensive income increased equity by 18,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-796.70 Million | -31.79% |
| Share Repurchases | CA$28.00 Million | -1.12% |
| Other Comprehensive Income | CA$18.90 Million | +0.75% |
| Other Changes | CA$300.00K | +0.01% |
| Total Change | CA$- | -24.32% |
Book Value vs Market Value Analysis
This analysis compares Canfor Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.13x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CA$10.75 | CA$12.15 | x |
| 1994-12-31 | CA$12.27 | CA$12.15 | x |
| 1995-12-31 | CA$13.01 | CA$12.15 | x |
| 1996-12-31 | CA$11.57 | CA$12.15 | x |
| 1997-12-31 | CA$10.76 | CA$12.15 | x |
| 1998-12-31 | CA$7.31 | CA$12.15 | x |
| 1999-12-31 | CA$14.60 | CA$12.15 | x |
| 2000-12-31 | CA$9.69 | CA$12.15 | x |
| 2001-12-31 | CA$11.85 | CA$12.15 | x |
| 2002-12-31 | CA$11.75 | CA$12.15 | x |
| 2003-12-31 | CA$11.72 | CA$12.15 | x |
| 2004-12-31 | CA$15.24 | CA$12.15 | x |
| 2005-12-31 | CA$14.28 | CA$12.15 | x |
| 2006-12-31 | CA$15.63 | CA$12.15 | x |
| 2007-12-31 | CA$12.74 | CA$12.15 | x |
| 2008-12-31 | CA$10.48 | CA$12.15 | x |
| 2009-12-31 | CA$9.73 | CA$12.15 | x |
| 2010-12-31 | CA$10.15 | CA$12.15 | x |
| 2011-12-31 | CA$7.90 | CA$12.15 | x |
| 2012-12-31 | CA$7.78 | CA$12.15 | x |
| 2013-12-31 | CA$9.68 | CA$12.15 | x |
| 2014-12-31 | CA$10.10 | CA$12.15 | x |
| 2015-12-31 | CA$9.93 | CA$12.15 | x |
| 2016-12-31 | CA$11.17 | CA$12.15 | x |
| 2017-12-31 | CA$13.17 | CA$12.15 | x |
| 2018-12-31 | CA$16.10 | CA$12.15 | x |
| 2019-12-31 | CA$13.14 | CA$12.15 | x |
| 2020-12-31 | CA$17.63 | CA$12.15 | x |
| 2021-12-31 | CA$27.89 | CA$12.15 | x |
| 2022-12-31 | CA$34.27 | CA$12.15 | x |
| 2023-12-31 | CA$31.78 | CA$12.15 | x |
| 2024-12-31 | CA$27.93 | CA$12.15 | x |
| 2025-12-31 | CA$21.33 | CA$12.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canfor Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.92%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.99x
- Recent ROE (-31.79%) is below the historical average (3.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 6.76% | 3.54% | 0.80x | 2.38x | CA$-19.80 Million |
| 1994 | 17.83% | 8.85% | 0.85x | 2.37x | CA$54.68 Million |
| 1995 | 6.07% | 2.36% | 0.91x | 2.82x | CA$-29.48 Million |
| 1996 | -8.38% | -3.18% | 0.88x | 3.00x | CA$-124.79 Million |
| 1997 | -5.21% | -1.79% | 0.94x | 3.09x | CA$-96.10 Million |
| 1998 | -47.82% | -12.48% | 0.88x | 4.38x | CA$-246.30 Million |
| 1999 | 11.37% | 5.86% | 0.75x | 2.60x | CA$12.32 Million |
| 2000 | 13.21% | 5.54% | 0.93x | 2.57x | CA$30.51 Million |
| 2001 | 2.75% | 1.33% | 0.83x | 2.48x | CA$-69.68 Million |
| 2002 | 1.21% | 0.54% | 0.91x | 2.44x | CA$-83.89 Million |
| 2003 | 14.08% | 7.32% | 0.86x | 2.24x | CA$44.40 Million |
| 2004 | 21.40% | 9.69% | 1.08x | 2.05x | CA$224.22 Million |
| 2005 | 4.69% | 2.53% | 0.99x | 1.87x | CA$-108.66 Million |
| 2006 | 21.18% | 12.28% | 0.82x | 2.10x | CA$249.03 Million |
| 2007 | -19.84% | -11.01% | 0.93x | 1.93x | CA$-542.31 Million |
| 2008 | -23.09% | -13.22% | 0.82x | 2.14x | CA$-494.68 Million |
| 2009 | -5.08% | -3.32% | 0.79x | 1.93x | CA$-209.18 Million |
| 2010 | 11.15% | 6.64% | 0.87x | 1.92x | CA$16.58 Million |
| 2011 | -5.02% | -2.34% | 1.01x | 2.13x | CA$-169.33 Million |
| 2012 | 2.89% | 1.18% | 1.09x | 2.24x | CA$-78.99 Million |
| 2013 | 16.63% | 7.16% | 1.19x | 1.96x | CA$91.17 Million |
| 2014 | 12.63% | 5.23% | 1.18x | 2.05x | CA$36.48 Million |
| 2015 | 1.86% | 0.63% | 1.19x | 2.48x | CA$-108.39 Million |
| 2016 | 10.17% | 3.56% | 1.29x | 2.21x | CA$2.53 Million |
| 2017 | 19.95% | 7.41% | 1.34x | 2.01x | CA$172.26 Million |
| 2018 | 17.26% | 7.04% | 1.31x | 1.87x | CA$149.26 Million |
| 2019 | -16.39% | -5.79% | 1.03x | 2.75x | CA$-434.23 Million |
| 2020 | 24.66% | 9.98% | 1.07x | 2.31x | CA$323.65 Million |
| 2021 | 38.51% | 17.46% | 1.24x | 1.77x | CA$993.20 Million |
| 2022 | 18.65% | 10.60% | 1.10x | 1.60x | CA$365.15 Million |
| 2023 | -8.54% | -6.01% | 0.89x | 1.61x | CA$-707.92 Million |
| 2024 | -20.20% | -12.74% | 0.94x | 1.68x | CA$-1.00 Billion |
| 2025 | -31.79% | -14.92% | 1.07x | 1.99x | CA$-1.05 Billion |
Industry Comparison
This section compares Canfor Corporation's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $1,284,626,790
- Average return on equity (ROE) among peers: 8.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canfor Corporation (CFP) | CA$2.72 Billion | 6.76% | 0.83x | $1.03 Billion |
| Acadian Timber Corp (ADN) | $91.90 Million | 20.57% | 1.49x | $231.37 Million |
| Conifex Timber Inc (CFF) | $81.45 Million | -20.72% | 0.65x | $3.39 Million |
| Goodfellow Inc. (GDL) | $116.04 Million | 3.75% | 0.61x | $70.07 Million |
| Interfor Corp (IFP) | $372.75 Million | 6.63% | 0.52x | $466.23 Million |
| Stella-Jones Inc. (SJ) | $179.98 Million | 16.71% | 1.06x | $3.26 Billion |
| Western Forest Products Inc (WEF) | $566.30 Million | -5.37% | 0.62x | $112.66 Million |
| West Fraser Timber Co Ltd (WFG) | $7.58 Billion | 38.53% | 0.36x | $4.67 Billion |
About Canfor Corporation
Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates through Lumber, and Pulp and Paper segments. The company manufactures and sells softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood and other lumber-related products, wood pellets, and energy. The company was founde… Read more