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Goodfellow
(TSX:GDL)
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Rating:55Neutral
Price Target:
C$12.00
▲(2.65% Upside)
Action:Reiterated
Date:04/10/26
The score is primarily driven by weakened TTM operating performance (sharp revenue decline and margin compression) tempered by a relatively resilient balance sheet and a return to positive TTM free cash flow. Technical indicators remain soft (below key moving averages with negative MACD), while valuation is helped by the ~4.3% dividend yield but constrained by a negative P/E tied to pressured earnings.
Positive Factors
Moderate leverage
Moderate leverage (debt/equity ~0.32) and substantial equity reduce near-term solvency risk and give management flexibility for working capital, capex, and supplier financing. A sound balance sheet supports operations through cyclical downturns and strategic investments over months.
Negative Factors
Sharp revenue & margin decline
A steep TTM revenue decline (-45.1%) and margin compression (gross ~16.6%, net ~1.2%) signal weakened demand and reduced pricing power. Sustained weakness limits earnings capacity, curbs reinvestment and dividends, and heightens sensitivity to raw material and price swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage
Moderate leverage (debt/equity ~0.32) and substantial equity reduce near-term solvency risk and give management flexibility for working capital, capex, and supplier financing. A sound balance sheet supports operations through cyclical downturns and strategic investments over months.
Read all positive factors
Goodfellow (GDL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$94.81M
Dividend Yield5.01%
Average Volume (3M)4.65K
Price to Earnings (P/E)15.3
Beta (1Y)0.36
Revenue Growth4.88%
EPS Growth-43.36%
CountryCA
Employees687
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.74
Shares Outstanding8,316,954
10 Day Avg. Volume3,515
30 Day Avg. Volume4,653
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)0.48
Price to Sales (P/S)0.18
P/FCF Ratio-235.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Goodfellow Business Overview & Revenue Model
Company Description
Goodfellow Inc., a venerable company established in Delson, Canada, in 1898, operates as a prominent wholesale distributor of an extensive array of lumber products, building materials, and diverse floor coverings. The firm primarily serves the ret...
How the Company Makes Money
Goodfellow makes money primarily by selling wood and building-material products to trade, industrial, and retail customers and capturing a margin between its procurement/manufacturing costs and its selling prices. Its key revenue streams generally...
Goodfellow Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 540.53M | 542.98M | 509.54M | 512.82M | 631.18M | 615.95M |
| Gross Profit | 89.63M | 94.19M | 121.75M | 112.36M | 136.06M | 136.54M |
| EBITDA | 24.24M | 25.71M | 29.48M | 31.37M | 55.63M | 60.53M |
| Net Income | 6.27M | 7.14M | 13.37M | 14.69M | 32.68M | 37.84M |
Balance Sheet | ||||||
| Total Assets | 326.49M | 294.92M | 291.86M | 252.75M | 246.92M | 237.59M |
| Cash, Cash Equivalents and Short-Term Investments | 4.12M | 3.77M | 5.31M | 28.38M | 3.42M | 4.25M |
| Total Debt | 64.64M | 53.15M | 27.39M | 13.23M | 17.51M | 24.43M |
| Total Liabilities | 123.25M | 87.29M | 85.65M | 57.75M | 60.14M | 76.64M |
| Stockholders Equity | 203.24M | 207.63M | 206.21M | 195.00M | 186.78M | 160.95M |
Cash Flow | ||||||
| Free Cash Flow | 10.40M | -424.00K | -16.56M | 39.13M | 21.13M | 31.91M |
| Operating Cash Flow | 13.92M | 3.21M | -868.00K | 42.97M | 26.01M | 33.28M |
| Investing Cash Flow | -4.17M | -4.22M | -15.67M | -3.66M | -4.85M | -1.34M |
| Financing Cash Flow | 2.03M | 4.82M | -12.44M | -14.35M | -14.75M | -33.83M |
Goodfellow Technical Analysis
Negative
11.69
Price Trends
11.60
Negative
11.81
Negative
11.69
Negative
Market Momentum
-0.07
Positive
39.97
Neutral
27.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GDL, the sentiment is Negative. The current price of 11.69 is above the 20-day moving average (MA) of 11.53, above the 50-day MA of 11.60, and below the 200-day MA of 11.69, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 39.97 is Neutral, neither overbought nor oversold. The STOCH value of 27.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GDL.
Goodfellow Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$330.50M | 6.71 | 13.97% | 7.35% | -23.77% | 142.01% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$94.81M | 15.31 | 3.05% | 5.01% | 4.88% | -43.36% | |
51 Neutral | C$195.85M | -1.73 | -22.88% | ― | -15.14% | -1199.88% | |
46 Neutral | C$5.50M | -0.13 | -45.26% | ― | -8.88% | -84.89% | |
44 Neutral | C$50.92M | -0.40 | -73.85% | ― | -4.76% | -203.50% |
* Basic Materials Sector Average
TSE:GDL
Goodfellow
11.33
-0.55
-4.65%
TSE:GFP
GreenFirst Forest Products
2.10
-1.59
-43.09%
TSE:ADN
Acadian Timber
17.92
1.11
6.59%
TSE:CFF
Conifex Timber
0.14
-0.20
-58.21%
TSE:WEF
Western Forest Prod
18.25
6.25
52.08%
Goodfellow Corporate Events
Business Operations and StrategyFinancial Disclosures
Goodfellow First-Quarter Loss Widens as Soft Construction Demand Weighs on Sales
Negative
Apr 8, 2026
Goodfellow reported a deeper first-quarter net loss of $3.1 million, or $0.38 per share, compared with a $2.3 million loss a year earlier, as sales slipped to $108.7 million from $111.2 million amid extremely cold weather, economic uncertainty, hi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.