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$6.62 Billion CAD (≈ $4.79 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$8.58 Billion ≈ $6.20 Billion USD) and total liabilities (CA$1.96 Billion ≈ $1.42 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 asset resilience ratio of West Fraser Timber Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$6.62 Billion |
| % of Total Assets | 77.14% |
| Annual Growth Rate | 9.28% |
| 5-Year Change | 180.89% |
| 10-Year Change | 349.2% |
| Growth Volatility | 39.54 |
West Fraser Timber Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how West Fraser Timber Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore WFG asset base for the complete picture of this company's asset base.
Annual Net Assets for West Fraser Timber Co Ltd (1995–2024)
The table below shows the annual net assets of West Fraser Timber Co Ltd from 1995 to 2024. For live valuation and market cap data, see how much is West Fraser Timber Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 1384.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$4.72 Billion | 67.96% |
| Common Stock | CA$2.55 Billion | 36.66% |
| Other Comprehensive Income | CA$-320.81 Million | -4.62% |
| Total Equity | CA$6.95 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 |
|---|---|
|
RTL GROUP UNSP.ADR 10
F:RRTU
|
$4.67 Billion |
|
Nanning Chemical Industry Co Ltd
SHG:600301
|
$4.68 Billion |
|
Millrose Properties, Inc.
NYSE:MRP
|
$4.68 Billion |
|
Mobile World Investment Corp
VN:MWG
|
$4.69 Billion |
|
Meritage Corporation
NYSE:MTH
|
$4.67 Billion |
|
Doosan Bobcat Inc
KO:241560
|
$4.67 Billion |
|
Indian Railway Catering And Tourism Corporation Limited
NSE:IRCTC
|
$4.67 Billion |
|
Ternium SA DRC
BA:TXR
|
$4.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Fraser Timber Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,171,051,077 to 6,949,863,621, a change of -221,187,456 (-3.1%).
- Net loss of 4,995,254 reduced equity.
- Dividend payments of 96,150,616 reduced retained earnings.
- Share repurchases of 133,278,082 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income decreased equity by 25,945,132.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.00 Million | -0.07% |
| Dividends Paid | CA$96.15 Million | -1.38% |
| Share Repurchases | CA$133.28 Million | -1.92% |
| Share Issuances | CA$1.00 Million | +0.01% |
| Other Comprehensive Income | CA$-25.95 Million | -0.37% |
| Other Changes | CA$38.18 Million | +0.55% |
| Total Change | CA$- | -3.08% |
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: 0.99x
- 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 8.63x to 0.99x 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$84.88 | x |
| 1996-12-31 | CA$10.62 | CA$84.88 | x |
| 1997-12-31 | CA$10.71 | CA$84.88 | x |
| 1998-12-31 | CA$11.05 | CA$84.88 | x |
| 1999-12-31 | CA$11.46 | CA$84.88 | x |
| 2000-12-31 | CA$12.39 | CA$84.88 | x |
| 2001-12-31 | CA$12.41 | CA$84.88 | x |
| 2002-12-31 | CA$11.06 | CA$84.88 | x |
| 2003-12-31 | CA$13.66 | CA$84.88 | x |
| 2004-12-31 | CA$18.67 | CA$84.88 | x |
| 2005-12-31 | CA$18.51 | CA$84.88 | x |
| 2006-12-31 | CA$22.31 | CA$84.88 | x |
| 2007-12-31 | CA$24.59 | CA$84.88 | x |
| 2008-12-31 | CA$22.13 | CA$84.88 | x |
| 2009-12-31 | CA$17.97 | CA$84.88 | x |
| 2010-12-31 | CA$17.73 | CA$84.88 | x |
| 2011-12-31 | CA$16.80 | CA$84.88 | x |
| 2012-12-31 | CA$17.22 | CA$84.88 | x |
| 2013-12-31 | CA$22.11 | CA$84.88 | x |
| 2014-12-31 | CA$21.30 | CA$84.88 | x |
| 2015-12-31 | CA$18.33 | CA$84.88 | x |
| 2016-12-31 | CA$20.56 | CA$84.88 | x |
| 2017-12-31 | CA$27.46 | CA$84.88 | x |
| 2018-12-31 | CA$28.31 | CA$84.88 | x |
| 2019-12-31 | CA$27.38 | CA$84.88 | x |
| 2020-12-31 | CA$36.03 | CA$84.88 | x |
| 2021-12-31 | CA$69.56 | CA$84.88 | x |
| 2022-12-31 | CA$81.70 | CA$84.88 | x |
| 2023-12-31 | CA$86.19 | CA$84.88 | x |
| 2024-12-31 | CA$85.67 | CA$84.88 | 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): -0.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.08%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.26x
- Recent ROE (-0.07%) is below the historical average (9.74%), 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 |
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: $487,058,714
- Average return on equity (ROE) among peers: 5.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West Fraser Timber Co Ltd (WFG) | CA$6.62 Billion | 13.24% | 0.30x | $4.67 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 |
| Canfor Corporation (CFP) | $2.00 Billion | 17.26% | 0.74x | $1.03 Billion |
| 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 |
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, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented… Read more