TSX · Lumber & Wood Production · CAD

Western Forest Products Inc. (WEF.TO) Stock Analysis

Western Forest Products Inc. (WEF.TO) is a Lumber & Wood Production stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

WEF.TO

CA$14.99

+CA$0.65 (+4.53%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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WEF.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$14.34
Previous Close: CA$14.34
Day's Range: 14.34–15.06
52-Week Range: 10.16–19.95
Volume: 30.94K
Beta: 0.69

Valuation

Market Cap: CA$158.27M
P/E Ratio: unprofitable
P/S ratio: 0.18
EPS (ttm): −8.00

Financials (FY)

Revenue (FY): CA$986.50M−7.28%
Net Income (FY): −CA$79.80M
Profit margin: −9.63%
Shares Outstanding: 10.56M
1-Year Return: +24.30%

Dividend and dates

Earnings Date: November 5, 2026
Avg Volume: 31.95K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, WEF.TO closed at CA$14.99, +24.30% over 1 year.

Western Forest Products Inc. (WEF.TO) has a market capitalization of CA$158.27M.

In fiscal 2025, WEF.TO reported revenue of CA$986.50M.

WEF.TO Stock Return by Calendar Year

Western Forest Products Inc. (WEF.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$12,430; +24.30%
5 years: CA$10,000 CA$2,399; −76.01%
10 years: CA$10,000 CA$3,210; −67.90%

If you had invested CA$10,000 in Western Forest Products Inc. (WEF.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$3,210 at the close on October 21, 2026: −67.90% in total, −10.74% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+68.28%−43.31%+36.40%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+36.40%
2025	−10.65%
2024	−42.25%
2023	−36.50%
2022	−43.31%
2021	+68.28%
2020	+7.04%
2019	−31.10%
2018	−19.93%
2017	+34.12%
2016 (partial year)	−8.15%

As of October 21, 2026.

WEF.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$986.50M	−CA$79.80M	−8.1%
2024	CA$1.06B	−CA$30.40M	−2.9%
2023	CA$1.02B	−CA$68.50M	−6.7%
2022	CA$1.44B	CA$61.70M	4.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$986.50M	CA$76.00M	−CA$118.40M	−CA$79.80M	−8.1%
2024	CA$1.06B	CA$90.20M	−CA$46.40M	−CA$30.40M	−2.9%
2023	CA$1.02B	CA$50.90M	−CA$83.40M	−CA$68.50M	−6.7%
2022	CA$1.44B	CA$254.50M	CA$86.70M	CA$61.70M	4.3%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

WEF.TO Dividend History

’16’17’18’19’20’21’22’23

CA$1.17−20.4% vs 2022

Dividends per share, 2023 · 3 payments

Year	Dividends per share	Payments	Change
2023	CA$1.17	3	−20.4%
2022	CA$1.47	4	+22.5%
2021	CA$1.20	4	+73.9%
2020	CA$0.69	1	−75.0%

Year	Dividends per share	Payments	Change
2023	CA$1.17	3	−20.4%
2022	CA$1.47	4	+22.5%
2021	CA$1.20	4	+73.9%
2020	CA$0.69	1	−75.0%
2019	CA$2.76	4	+3.4%
2018	CA$2.67	4	+11.3%
2017	CA$2.40	4	+300.0%
2016	CA$0.60	1	—

Most recent payment: CA$0.39 per share, ex-dividend August 24, 2023. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

WEF.TO Valuation vs Lumber & Wood Production Median

Median of 14 stocks

Metric	WEF.TO	Lumber & Wood Production median	vs median
P/S ratio	0.18	0.41	56% below
Profit margin	−9.63%	−10.84%	1.2 pts above

Medians across 14 Lumber & Wood Production stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values Western Forest Products Inc. (WEF.TO) at CA$158.27M. It is classified in the Lumber & Wood Production industry, within the Basic Materials sector. The company reports 1,627 employees.

WEF.TO last closed at CA$14.99 on October 21, 2026. That is +CA$0.65 (+4.53%) against the previous close. Over the past 52 weeks the price has ranged from CA$10.16 to CA$19.95. The latest close sits 47.54% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$986.50M. That is −7.28% against the prior fiscal year, when revenue was CA$1.06B. The same year closed with a net loss of CA$79.80M. Profit margin runs at −9.63%. That is 1.2 percentage points above the Lumber & Wood Production median of −10.84%. Trailing earnings per share are −8.

Across the 4 fiscal years on file, revenue moves from CA$1.44B in 2022 to CA$986.50M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. Measured against sales, the shares trade at 0.18 times revenue. On price-to-sales that is 56.16% below the Lumber & Wood Production median of 0.41. The medians here are taken across 14 Lumber & Wood Production companies that report the metric.

Beta against the wider market is reported at 0.69. Daily returns over the trailing 10 years annualize to a volatility of 42.54%. The trailing one-year total return is +24.30%. Measured over 10 years, that is −10.74% a year compounded.

Growth & Income

The latest dividend on file for WEF.TO dates from 2023. Dividends are recorded for 8 calendar years; 2023 shows 3 payments totalling CA$1.17 a share. The year before, 2022, totalled CA$1.47 a share.

2026 is still running; the total return is +36.40% year to date. Across the complete calendar years on file, 2021 returned +68.28% and 2022 returned −43.31%. Of the 9 complete calendar years on file, 3 finished higher.

Peer Comparison

Western Forest Products Inc. (WEF.TO) operates in the Lumber & Wood Production industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Western Forest Products Inc.	WEF.TO	CA$158.27M	—
Simpson Manufacturing Co., Inc.	SSD	$7.38B	19.7
West Fraser Timber Co. Ltd.	WFG	$5.25B	—
UFP Industries, Inc.	UFPI	$4.41B	18.3

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Lumber & Wood Production industry average P/E ratio is 19.0x. Western Forest Products Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Western Forest Products Inc.

Western Forest Products Inc., together with its subsidiaries, operates as an integrated softwood forest products company in Canada, the United States, Japan, China, Europe, and internationally. The company is involved in the sale of lumber and logs that include timber harvesting; sawmilling logs into specialty lumber; value-added lumber and glue-laminated timber remanufacturing; and lumber purchase and wholesaling activities. It also provides engineered products, including custom glulam, curves and arches, stock glulam, and industrial applications; decking, timber, and fencing products; siding, trim and fascia, paneling, and soffits; industrial products comprising lamstock, packaging products, treated lumber, bridge, docks, rail ties, cross arms, crane, and rig mat; and structural products, such as timbers, machine stress rated lumber, and structural framing. Western Forest Products Inc. was incorporated in 2004 and is headquartered in Vancouver, Canada.

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