Conifex Timber (CFF) AI Stock Analysis

• Market Cap: C$6.93M
• Dividend Yield: N/A
• Average Volume (3M): 22.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.07
• Revenue Growth: 10.33%
• EPS Growth: -52.20%
• Country: CA
• Employees: 244
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Paper, Lumber & Forest Products
• EPS (TTM): -0.37
• Shares Outstanding: 40,767,710
• 10 Day Avg. Volume: 25,842
• 30 Day Avg. Volume: 21,996
• PEG Ratio: 0.08
• Price to Book (P/B): 0.14
• Price to Sales (P/S): 0.09
• P/FCF Ratio: -1.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.40
• Price Target Upside: 135.29% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: C$0.16 ▼(-3.53% Downside)

The score is primarily held down by weak financial performance (loss-making profitability, high leverage, and poor cash flow generation). Technicals provide some near-term support as the price is above key moving averages and MACD is positive, but overbought RSI/Stochastic readings add downside risk. Valuation is also pressured by a negative P/E, consistent with unstable earnings.

Positive Factors

Vertical integration & timberland holdings

Ownership of timberland and on-site sawmills secures long-term access to feedstock, lowering exposure to spot-log market swings. This vertical integration supports consistent throughput, input cost control and capacity planning, a durable advantage for margin stability over months.

Product and market diversification

Serving multiple end markets (homebuilders, commercial construction, biomass) spreads demand risk across cycles, allowing Conifex to shift volumes and optimize pricing/mix. Structural diversification supports steadier revenue through construction swings and energy demand shifts.

Recent revenue growth trend

Positive TTM top-line growth shows the company can expand sales despite cost pressures. Sustained revenue gains provide a foundation to rebuild margins if cost control or pricing actions persist, and support capacity utilization and long-term recovery prospects.

Negative Factors

High financial leverage

A debt-to-equity ratio near 1.35 raises refinancing and interest coverage risks, limiting flexibility to invest or absorb cyclical downturns. Elevated leverage forces priority on debt service, constraining capital allocation and increasing vulnerability to higher rates.

Negative profitability and declining margins

Negative net and EBIT margins indicate the core business currently fails to generate operating profits. Persistently weak margins erode retained earnings, hinder reinvestment, and require structural improvements in pricing, mix, or cost base to restore sustainable profitability.

Weak cash generation / negative free cash flow

Negative free cash flow and poor cash conversion reduce ability to service debt, fund maintenance or growth capex, and return capital. Ongoing cash deficits increase reliance on external financing, raising dilution or refinancing risk over the medium term.

Conifex Timber Business Overview & Revenue Model

Company Description

Conifex Timber Inc. primarily manufactures and sells lumber products in the United States, China, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as by-products or residues, such as trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services. It also develops bioenergy and bio products; and operates a 36 megawatt biomass power generation plant, which produces renewable energy for commercial sale. The company was formerly known as West Fourth Capital Inc. and changed its name to Conifex Timber Inc. in June 2010. Conifex Timber Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Conifex Timber generates revenue primarily through the sale of lumber products, wood chips, and other timber-related goods. The company operates sawmills that convert harvested timber into finished lumber, which is then sold to various markets, including home builders, construction companies, and wholesalers. In addition to lumber, Conifex produces wood chips, which are used for various applications, including biomass energy production. Key revenue streams also include the sale of timber from its land holdings. The company benefits from strategic partnerships within the forestry and construction sectors, allowing it to optimize its supply chain and expand its market reach. Fluctuations in lumber prices, demand for construction materials, and the overall health of the housing market significantly influence Conifex's earnings.

Conifex Timber Financial Statement Overview

Summary

Conifex Timber is facing significant financial challenges. The income statement shows declining revenues and persistent losses. The balance sheet reflects increased leverage and negative returns on equity. The cash flow statement underscores liquidity issues, with negative cash flows and declining growth rates.

Income Statement

Conifex Timber's income statement reveals significant challenges. The company has experienced declining revenue over the past few years, with a slight recovery in the TTM period. Gross profit margins have been volatile, and the company has struggled to maintain profitability, as evidenced by negative net profit margins and EBIT margins in recent periods. The revenue growth rate in the TTM period shows a slight improvement, but overall, the income statement reflects a company facing substantial profitability issues.

Balance Sheet

The balance sheet indicates a moderately leveraged position with a debt-to-equity ratio slightly above 1 in the TTM period. The equity ratio has been declining, suggesting increased reliance on debt financing. Return on equity has been negative in recent periods, reflecting the company's struggle to generate returns for shareholders. While the company has maintained a stable asset base, the financial leverage and negative ROE are concerning.

Cash Flow

Conifex Timber's cash flow statement highlights significant challenges in generating positive cash flows. The company has reported negative operating cash flows and free cash flows in recent periods, with a declining free cash flow growth rate. The operating cash flow to net income ratio is negative, indicating operational inefficiencies. Despite a high free cash flow to net income ratio, the overall cash flow position is weak, reflecting liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	146.70M	127.74M	141.16M	231.27M	250.53M	128.71M
Gross Profit	4.24M	3.84M	-5.82M	65.55M	72.44M	28.11M
EBITDA	-17.16M	-15.12M	-25.77M	35.86M	51.49M	9.72M
Net Income	-35.93M	-29.78M	-30.63M	24.49M	27.20M	-6.77M
Balance Sheet
Total Assets	204.89M	203.88M	218.99M	257.26M	231.46M	216.76M
Cash, Cash Equivalents and Short-Term Investments	1.70M	3.64M	4.19M	8.44M	6.35M	11.16M
Total Debt	82.58M	77.32M	63.85M	62.80M	59.38M	63.40M
Total Liabilities	143.50M	118.04M	103.49M	111.00M	101.63M	100.34M
Stockholders Equity	61.39M	85.84M	115.50M	146.27M	129.83M	116.42M
Cash Flow
Free Cash Flow	-647.00K	-10.70M	-2.99M	11.31M	20.33M	-8.52M
Operating Cash Flow	2.81M	-6.62M	3.62M	24.83M	26.74M	-6.30M
Investing Cash Flow	-2.75M	-4.08M	-5.20M	-12.81M	-5.81M	221.48M
Financing Cash Flow	-747.40K	10.15M	-2.67M	-9.94M	-25.73M	-207.41M

Conifex Timber Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CFF, the sentiment is Neutral. The current price of 0.17 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.14, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 74.06 is Negative, neither overbought nor oversold. The STOCH value of 85.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CFF.

Conifex Timber Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADN	69 Neutral	C$299.90M	19.71	4.46%	7.35%	-28.86%	-48.20%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CFX	50 Neutral	C$37.84M	-3.77	-6.02%	―	-15.38%	94.27%
CFP	48 Neutral	C$1.63B	-3.59	-15.06%	―	1.76%	34.61%
WEF	47 Neutral	C$144.12M	-2.30	-12.20%	―	2.06%	-46.23%
GFP	45 Neutral	C$55.24M	-0.51	-73.85%	―	-17.95%	-97.06%
CFF	43 Neutral	C$6.93M	-0.18	-45.26%	―	10.33%	-52.20%

Conifex Timber Corporate Events

Conifex Timber Announces Temporary Sawmill Curtailment Amid Market Challenges

Conifex Timber Inc. announced a temporary four-week curtailment of operations at its Mackenzie sawmill starting December 15, 2025, due to weak North American lumber markets and increased duties on Canadian softwood lumber. This decision aims to minimize operating losses amid declining SPF prices and reduced construction activity. Conifex remains optimistic about long-term market recovery, supported by structural housing undersupply in the U.S. and potential federal support programs. The company continues to focus on its power generation operations and maintaining its commitment to the Mackenzie region.

The most recent analyst rating on (TSE:CFF) stock is a Sell with a C$0.16 price target. To see the full list of analyst forecasts on Conifex Timber stock, see the TSE:CFF Stock Forecast page.

Conifex Timber Reports Increased Production Amid Financial Losses in Q3 2025

Conifex Timber Inc. reported a significant financial downturn in the third quarter of 2025, with a net loss of $16.6 million, compared to losses in previous quarters. The company’s lumber production increased by 9% from the previous quarter, despite challenges related to log profile and delivery delays. This increase was due to improved log availability and operational adjustments, although the financial results reflect ongoing operational and market challenges.

The most recent analyst rating on (TSE:CFF) stock is a Sell with a C$0.50 price target. To see the full list of analyst forecasts on Conifex Timber stock, see the TSE:CFF Stock Forecast page.