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GreenFirst Forest Products Inc

Company price
1.38 CAD 0.03 ( 2.22%)
Last update at 2026-11-03T18:23:00Z
VOLUME
40
Market Cap
46.99M

Momentum Score

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GreenFirst Forest Products Inc. engages in the forest products business that manufactures, markets, distributes, and sells lumber products in Canada and the United States. The company provides a range of spruce, pine, and fir lumber products; wood chips; and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets. It serves retail chains, contractor supply yards, distributors, wholesalers, and industrial customers. The company was formerly known as Itasca Capital Ltd. and changed its name to GreenFirst Forest Products Inc. in January 2021. GreenFirst Forest Products Inc. is headquartered in Toronto, Canada.

Source: TradingView
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Day Price Range
1.33
Low
1.38
High
52 Week Price Range
1.59
Low
4.24
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

GreenFirst Forest Products Inc is a Toronto-listed company in the Canadian forest products sector that operates lumber and wood-processing facilities serving construction and industrial customers. Long-term growth drivers include housing and infrastructure demand, opportunities from value-added processing, and operational improvements that could support higher margins; investors may find exposure to timber commodity cycles and domestic processing capacity of interest.
Principal risks include cyclicality of lumber prices, availability and cost of timber driven by regulation and weather, operational execution at processing sites, and sensitivity to housing markets and interest rates.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.35
Dividend Yield
-
Revenue TTM
303.55M
Revenue Per Share
13.37
Gross Profit TTM
3.56M
Debt / Equity
0.58
ROE
-95.86%
Net Debt
31.64M
ROCE
-62.43%
Diluted EPS TTM
-4.35

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -102.61M -17.18M -50.39M -4.78M -11.65M
Net income -98.84M -47.07M -47.02M -4.13M -9.62M
Selling general administrative 15.40M 12.08M 21.01M 24.25M 23.34M
Gross profit 3.56M 9.04M -12.45M 43.08M 28.25M
Reconciled depreciation 15.18M 17.17M 17.41M 20.37M 7.50M
Ebit -84.14M -11.19M -47.59M 16.20M 5.10M
Ebitda -68.95M 5.31M -30.89M 36.58M 11.90M
Depreciation and amortization 15.18M 16.49M 16.70M 20.37M 6.80M
Operating income -84.14M -0.34M -47.59M 16.20M 5.10M
Other operating expenses 387.69M 283.19M 457.21M 422.48M 185.38M
Interest expense 9.75M 5.99M 2.79M 10.54M 6.18M
Tax provision -3.77M 4.45M -1.59M -0.64M -2.03M
Interest income 1.03M 0.90M 1.58M 1.41M 5.63M
Net interest income -9.55M -1.31M -2.11M -12.80M -6.18M
Extraordinary items - -25.44M -7.58M 3.22M 1.86M
Income tax expense -3.77M 4.45M -1.59M -0.64M -2.03M
Total revenue 303.55M 282.85M 409.62M 446.26M 190.48M
Total operating expenses 87.70M 7.49M 35.15M 19.30M 23.14M
Cost of revenue 299.98M 275.70M 422.06M 403.18M 162.23M
Total other income expense net -18.48M -16.84M -2.79M -20.98M -16.75M
Discontinued operations - - - 3.22M 1.86M
Net income from continuing ops -98.84M -21.63M -48.80M -4.13M -9.62M
Net income applicable to common shares - -47.07M -47.02M -0.91M -9.62M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 189.82M 220.47M 296.29M 371.50M 415.94M
Intangible assets 10.53M 10.83M 11.12M 11.42M 11.72M
Other current assets 2.33M 2.57M 2.65M 1.29M 3.35M
Total liab 129.20M 74.85M 111.05M 147.04M 186.78M
Total stockholder equity 60.62M 145.62M 185.24M 224.46M 229.16M
Deferred long term liab - - - - 1.43M
Other current liab 9.08M 4.04M 18.80M 23.00M 16.68M
Common stock 275.31M - 254.73M 254.73M 254.73M
Capital stock 275.31M 273.99M 254.73M 254.73M 254.73M
Retained earnings -228.79M -129.95M -82.65M -35.63M -36.18M
Other liab - - - 13.55M 21.72M
Other assets - - - 15.61M 31.20M
Cash 3.48M 27.76M 2.42M 25.35M 36.17M
Total current liabilities 55.05M 52.56M 54.56M 86.03M 54.04M
Current deferred revenue 2.50M - 0.88M 0.84M 0.68M
Net debt 31.64M - 23.20M 32.35M 89.02M
Short term debt 4.42M - 2.33M 10.24M 9.19M
Short long term debt 4.55M 4.40M 1.58M 9.08M 7.92M
Short long term debt total 35.12M - 25.63M 57.70M 125.19M
Other stockholder equity - - - -5.21M 1.03M
Property plant equipment - - - 118.63M 187.72M
Total current assets 82.11M 116.95M 108.00M 224.70M 184.80M
Long term investments 1.43M 1.43M 1.43M 1.14M 0.50M
Net tangible assets - - - 213.04M 218.90M
Net receivables 19.97M 7.33M 25.83M 40.73M 38.07M
Long term debt 25.81M 12.19M 22.65M 45.93M 108.88M
Inventory 56.33M 70.39M 77.10M 78.29M 107.20M
Accounts payable 39.04M 34.51M 32.55M 51.95M 27.48M
Accumulated other comprehensive income 14.11M - 13.16M 5.37M 10.61M
Non currrent assets other 0.69M - 33.27M 15.41M 33.23M
Non current assets total 107.71M 103.52M 188.29M 146.80M 231.14M
Capital lease obligations 6.27M 6.43M 1.40M 2.69M 3.40M
Long term debt total - - - 47.45M 111.01M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - 19.67M 67.36M 15.06M -251.65M
Change to liabilities - - - 31.85M 38.40M
Total cashflows from investing activities -27.83M 19.67M 67.36M 15.06M -251.65M
Net borrowings 13.22M 12.99M -32.26M -80.64M 124.03M
Total cash from financing activities 14.42M 29.65M -32.26M -83.75M 278.61M
Net income -98.84M -47.07M -48.80M -0.91M -9.62M
Change in cash -24.28M 25.33M -22.93M -10.82M 30.89M
Begin period cash flow 27.76M 2.42M 25.35M 36.17M 5.28M
End period cash flow 3.48M 27.76M 2.42M 25.35M 36.17M
Total cash from operating activities -10.87M -23.99M -58.03M 57.86M 3.94M
Issuance of capital stock 0.00M 24.81M 0.00M 0.00M 167.50M
Depreciation 15.18M 16.49M 17.41M 20.37M 7.50M
Other cashflows from investing activities -27.91M 28.09M 91.54M 48.67M -245.56M
Change to inventory -4.76M 1.44M -3.21M -27.57M -8.27M
Change to account receivables -3.74M 1.77M 14.84M -5.92M -24.68M
Sale purchase of stock 0.00M -0.26M 0.00M 0.00M 3.28M
Other cashflows from financing activities -1.96M -7.89M -1.25M 80.89M 113.19M
Change to netincome - - - 37.26M -0.53M
Capital expenditures 30.01M 8.42M 24.18M 33.60M 6.09M
Change in working capital -5.56M 14.72M -3.75M -1.65M 4.96M
Stock based compensation 1.48M 0.77M 0.93M 0.99M 0.25M
Other non cash items -16.72M -12.96M -22.14M 41.32M 2.45M
Free cash flow -40.87M -32.41M -82.21M 24.26M -2.16M

Peer Comparison*

Sector: Basic Materials Industry: Lumber & Wood Production

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
GFP
GreenFirst Forest Products Inc
0.03
2.22%
1.38 - 20.62 0.15 0.79 0.35 37.91
WFG
West Fraser Timber Co Ltd
1.87
2.02%
94.23 - 47.39 1.30 0.89 0.98 21.56
SJ
Stella-Jones Inc.
-0.60
0.90%
66.36 13.61 13.81 1.30 2.23 1.76 9.30
CFP
Canfor Corporation
0.25
1.67%
15.23 - 1428.57 0.28 0.61 0.44 20.09
IFP
Interfor Corp
0.03
0.22%
13.58 - 151.52 0.25 0.55 0.55 21.66

Profile*

GreenFirst Forest Products Inc

GreenFirst Forest Products Inc. engages in the forest products business that manufactures, markets, distributes, and sells lumber products in Canada and the United States. The company provides a range of spruce, pine, and fir lumber products; wood chips; and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets. It serves retail chains, contractor supply yards, distributors, wholesalers, and industrial customers. The company was formerly known as Itasca Capital Ltd. and changed its name to GreenFirst Forest Products Inc. in January 2021. GreenFirst Forest Products Inc. is headquartered in Toronto, Canada.

10 Four Seasons Place, Toronto, ON, Canada, M9B 6H7

416 775 2800

750

Name Title Year Born
Mr. Jaspaul Rick-Harbins Doman CEO & Exec. Director NA
Mr. Michel Lessard Pres NA
Mr. Alfred Colas C.A., CPA Chief Financial Officer NA
Mr. Paul C. Rivett Executive Chair 1968
Mr. Joel Fournier Chief Executive Officer NA
Mr. Michel Lessard President NA
Mr. Peter Ferrante Chief Financial Officer NA
Mr. Terry Skiffington Chief Executive Officer of Paper Mill Division 1963
Mr. Terry Skiffington Chief Executive Officer of Paper Mill Division 1964

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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