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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
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.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 |
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 |
0.02 1.45% |
1.40 | - | 20.62 | 0.15 | 0.79 | 0.35 | 37.91 |
| WFG West Fraser Timber Co Ltd |
5.09 5.51% |
97.45 | - | 47.39 | 1.30 | 0.89 | 0.98 | 21.56 |
| SJ Stella-Jones Inc. |
-4.84 7.23% |
62.12 | 13.61 | 13.81 | 1.30 | 2.23 | 1.76 | 9.30 |
| CFP Canfor Corporation |
0.33 2.17% |
15.30 | - | 1428.57 | 0.28 | 0.61 | 0.44 | 20.09 |
| IFP Interfor Corp |
1.18 8.71% |
14.73 | - | 151.52 | 0.25 | 0.55 | 0.55 | 21.66 |
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.
| 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 |
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