West Fraser Timber Co Ltd (WFG) - Net Assets
Based on the latest financial reports, West Fraser Timber Co Ltd (WFG) has net assets worth CA$5.64 Billion CAD (≈ $4.08 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$7.68 Billion ≈ $5.55 Billion USD) and total liabilities (CA$2.03 Billion ≈ $1.47 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. Also explore West Fraser Timber Co Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.64 Billion |
| % of Total Assets | 73.51% |
| Annual Growth Rate | 8.33% |
| 5-Year Change | -22.88% |
| 10-Year Change | 250.81% |
| Growth Volatility | 39.23 |
West Fraser Timber Co Ltd - Net Assets Trend (1995–2025)
This chart illustrates how West Fraser Timber Co Ltd's net assets have evolved over time, based on quarterly financial data. Check West Fraser Timber Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for West Fraser Timber Co Ltd (1995–2025)
The table below shows the annual net assets of West Fraser Timber Co Ltd from 1995 to 2025. For live valuation and market cap data, see West Fraser Timber Co Ltd (WFG) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$5.85 Billion ≈ $4.23 Billion |
-15.84% |
| 2024-12-31 | CA$6.95 Billion ≈ $5.03 Billion |
-3.08% |
| 2023-12-31 | CA$7.17 Billion ≈ $5.19 Billion |
-6.79% |
| 2022-12-31 | CA$7.69 Billion ≈ $5.57 Billion |
+1.45% |
| 2021-12-31 | CA$7.58 Billion ≈ $5.49 Billion |
+206.52% |
| 2020-12-31 | CA$2.47 Billion ≈ $1.79 Billion |
+30.64% |
| 2019-12-31 | CA$1.89 Billion ≈ $1.37 Billion |
-10.93% |
| 2018-12-31 | CA$2.13 Billion ≈ $1.54 Billion |
-1.92% |
| 2017-12-31 | CA$2.17 Billion ≈ $1.57 Billion |
+30.02% |
| 2016-12-31 | CA$1.67 Billion ≈ $1.21 Billion |
+7.76% |
| 2015-12-31 | CA$1.55 Billion ≈ $1.12 Billion |
-15.71% |
| 2014-12-31 | CA$1.84 Billion ≈ $1.33 Billion |
-4.97% |
| 2013-12-31 | CA$1.93 Billion ≈ $1.40 Billion |
+29.22% |
| 2012-12-31 | CA$1.49 Billion ≈ $1.08 Billion |
+2.47% |
| 2011-12-31 | CA$1.46 Billion ≈ $1.06 Billion |
-4.87% |
| 2010-12-31 | CA$1.53 Billion ≈ $1.11 Billion |
-0.33% |
| 2009-12-31 | CA$1.54 Billion ≈ $1.11 Billion |
-18.78% |
| 2008-12-31 | CA$1.89 Billion ≈ $1.37 Billion |
-10.60% |
| 2007-12-31 | CA$2.12 Billion ≈ $1.53 Billion |
+10.14% |
| 2006-12-31 | CA$1.92 Billion ≈ $1.39 Billion |
+20.20% |
| 2005-12-31 | CA$1.60 Billion ≈ $1.16 Billion |
+8.08% |
| 2004-12-31 | CA$1.48 Billion ≈ $1.07 Billion |
+46.14% |
| 2003-12-31 | CA$1.01 Billion ≈ $733.08 Million |
+23.51% |
| 2002-12-31 | CA$820.53 Million ≈ $593.56 Million |
+8.55% |
| 2001-12-31 | CA$755.92 Million ≈ $546.82 Million |
+0.55% |
| 2000-12-31 | CA$751.80 Million ≈ $543.84 Million |
+6.10% |
| 1999-12-31 | CA$708.61 Million ≈ $512.60 Million |
+21.47% |
| 1998-12-31 | CA$583.35 Million ≈ $421.99 Million |
-6.53% |
| 1997-12-31 | CA$624.11 Million ≈ $451.47 Million |
+1.77% |
| 1996-12-31 | CA$613.25 Million ≈ $443.62 Million |
+15.59% |
| 1995-12-31 | CA$530.54 Million ≈ $383.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to West Fraser Timber Co Ltd'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 1040.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$3.63 Billion | 62.06% |
| Common Stock | CA$2.50 Billion | 42.67% |
| Other Comprehensive Income | CA$-277.00 Million | -4.74% |
| Total Equity | CA$5.85 Billion | 100.00% |
West Fraser Timber Co Ltd Competitors by Market Cap
The table below lists competitors of West Fraser Timber Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sulzer AG
SW:SUN
|
$4.99 Billion |
|
Perimeter Solutions SA
NYSE:PRM
|
$4.99 Billion |
|
Grupo Comercial Chedraui S.A.B. de C.V
MX:CHDRAUIB
|
$5.00 Billion |
|
Mirvac Group
AU:MGR
|
$5.00 Billion |
|
Brookfield Infrastructure Corp
NYSE:BIPC
|
$4.99 Billion |
|
Victory Capital Holdings Inc
NASDAQ:VCTR
|
$4.99 Billion |
|
Aurizon Holdings Ltd
AU:AZJ
|
$4.99 Billion |
|
Premier Energies Limited
NSE:PREMIERENE
|
$4.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Fraser Timber Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,949,863,621 to 5,849,000,000, a change of -1,100,863,621 (-15.8%).
- Net loss of 937,000,000 reduced equity.
- Dividend payments of 101,000,000 reduced retained earnings.
- Share repurchases of 129,000,000 reduced equity.
- Other comprehensive income increased equity by 43,809,062.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-937.00 Million | -16.02% |
| Dividends Paid | CA$101.00 Million | -1.73% |
| Share Repurchases | CA$129.00 Million | -2.21% |
| Other Comprehensive Income | CA$43.81 Million | +0.75% |
| Other Changes | CA$22.33 Million | +0.38% |
| Total Change | CA$- | -15.84% |
Book Value vs Market Value Analysis
This analysis compares West Fraser Timber Co Ltd'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: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.23x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CA$9.83 | CA$90.78 | x |
| 1996-12-31 | CA$10.62 | CA$90.78 | x |
| 1997-12-31 | CA$10.71 | CA$90.78 | x |
| 1998-12-31 | CA$11.05 | CA$90.78 | x |
| 1999-12-31 | CA$11.46 | CA$90.78 | x |
| 2000-12-31 | CA$12.39 | CA$90.78 | x |
| 2001-12-31 | CA$12.41 | CA$90.78 | x |
| 2002-12-31 | CA$11.06 | CA$90.78 | x |
| 2003-12-31 | CA$13.66 | CA$90.78 | x |
| 2004-12-31 | CA$18.67 | CA$90.78 | x |
| 2005-12-31 | CA$18.51 | CA$90.78 | x |
| 2006-12-31 | CA$22.31 | CA$90.78 | x |
| 2007-12-31 | CA$24.59 | CA$90.78 | x |
| 2008-12-31 | CA$22.13 | CA$90.78 | x |
| 2009-12-31 | CA$17.97 | CA$90.78 | x |
| 2010-12-31 | CA$17.73 | CA$90.78 | x |
| 2011-12-31 | CA$16.80 | CA$90.78 | x |
| 2012-12-31 | CA$17.22 | CA$90.78 | x |
| 2013-12-31 | CA$22.11 | CA$90.78 | x |
| 2014-12-31 | CA$21.30 | CA$90.78 | x |
| 2015-12-31 | CA$18.33 | CA$90.78 | x |
| 2016-12-31 | CA$20.56 | CA$90.78 | x |
| 2017-12-31 | CA$27.46 | CA$90.78 | x |
| 2018-12-31 | CA$28.31 | CA$90.78 | x |
| 2019-12-31 | CA$27.38 | CA$90.78 | x |
| 2020-12-31 | CA$36.03 | CA$90.78 | x |
| 2021-12-31 | CA$69.56 | CA$90.78 | x |
| 2022-12-31 | CA$81.70 | CA$90.78 | x |
| 2023-12-31 | CA$86.19 | CA$90.78 | x |
| 2024-12-31 | CA$85.67 | CA$90.78 | x |
| 2025-12-31 | CA$73.89 | CA$90.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Fraser Timber Co Ltd 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): -16.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.15%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.30x
- Recent ROE (-16.02%) is below the historical average (8.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 13.24% | 6.42% | 0.78x | 2.66x | CA$17.19 Million |
| 1996 | 10.98% | 5.62% | 0.82x | 2.38x | CA$6.03 Million |
| 1997 | 7.78% | 3.72% | 0.89x | 2.34x | CA$-13.84 Million |
| 1998 | 0.62% | 0.30% | 0.88x | 2.35x | CA$-54.70 Million |
| 1999 | 14.36% | 6.69% | 0.97x | 2.21x | CA$30.91 Million |
| 2000 | 11.66% | 5.69% | 0.94x | 2.18x | CA$12.49 Million |
| 2001 | 10.51% | 8.10% | 0.66x | 1.95x | CA$3.86 Million |
| 2002 | 10.65% | 8.43% | 0.77x | 1.64x | CA$5.33 Million |
| 2003 | 3.28% | 2.86% | 0.72x | 1.59x | CA$-68.09 Million |
| 2004 | 11.94% | 8.83% | 0.60x | 2.27x | CA$28.70 Million |
| 2005 | 5.79% | 3.01% | 0.96x | 2.00x | CA$-67.36 Million |
| 2006 | 17.75% | 11.97% | 0.83x | 1.79x | CA$149.06 Million |
| 2007 | -1.64% | -1.03% | 0.94x | 1.69x | CA$-246.55 Million |
| 2008 | -5.95% | -4.30% | 0.82x | 1.68x | CA$-302.08 Million |
| 2009 | -21.16% | -13.05% | 0.93x | 1.74x | CA$-479.32 Million |
| 2010 | 10.84% | 5.76% | 1.08x | 1.74x | CA$12.84 Million |
| 2011 | 4.88% | 2.63% | 1.05x | 1.76x | CA$-74.66 Million |
| 2012 | 5.15% | 2.57% | 1.14x | 1.75x | CA$-72.47 Million |
| 2013 | 17.93% | 10.05% | 1.12x | 1.59x | CA$153.07 Million |
| 2014 | 12.76% | 6.72% | 1.14x | 1.67x | CA$50.75 Million |
| 2015 | 4.85% | 2.54% | 1.13x | 1.69x | CA$-79.65 Million |
| 2016 | 14.46% | 7.33% | 1.23x | 1.61x | CA$74.41 Million |
| 2017 | 21.62% | 11.61% | 1.12x | 1.66x | CA$251.82 Million |
| 2018 | 30.15% | 13.24% | 1.38x | 1.65x | CA$428.46 Million |
| 2019 | -5.95% | -3.08% | 1.03x | 1.89x | CA$-302.05 Million |
| 2020 | 23.69% | 13.45% | 1.04x | 1.69x | CA$338.67 Million |
| 2021 | 38.53% | 28.02% | 1.01x | 1.36x | CA$2.16 Billion |
| 2022 | 25.90% | 20.36% | 0.97x | 1.31x | CA$1.22 Billion |
| 2023 | -2.32% | -2.59% | 0.69x | 1.30x | CA$-883.70 Million |
| 2024 | -0.07% | -0.08% | 0.70x | 1.26x | CA$-699.98 Million |
| 2025 | -16.02% | -17.15% | 0.72x | 1.30x | CA$-1.52 Billion |
Industry Comparison
This section compares West Fraser Timber Co Ltd's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $399,877,857
- Average return on equity (ROE) among peers: 5.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West Fraser Timber Co Ltd (WFG) | CA$5.64 Billion | 13.24% | 0.36x | $4.99 Billion |
| Acadian Timber Corp (ADN) | $267.85 Million | 6.00% | 0.70x | $238.44 Million |
| Conifex Timber Inc (CFF) | $96.83 Million | -11.13% | 0.31x | $3.47 Million |
| Canfor Corporation (CFP) | $950.69 Million | 13.21% | 1.57x | $1.27 Billion |
| Goodfellow Inc. (GDL) | $115.66 Million | 2.58% | 0.50x | $68.26 Million |
| Interfor Corp (IFP) | $372.75 Million | 6.63% | 0.52x | $585.65 Million |
| Stella-Jones Inc. (SJ) | $692.27 Million | 15.00% | 0.86x | $3.05 Billion |
| Western Forest Products Inc (WEF) | $303.10 Million | 9.14% | 0.94x | $138.09 Million |
About West Fraser Timber Co Ltd
West Fraser Timber Co. Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, northern bleached softwood kraft pulp, newsprint, paper, wood chips and other residuals. It operates through four segments: Lumber, North America Engineered Wood Products, Pulp & Paper, and Europe Engineered Wood Products. The Lumber se… Read more