Conifex Timber Inc. (T:CFF*CA)
Business Focus: Forest & Wood Products (NEC)
| Sector: Basic Materials | Industry: Forest & Wood Products |
| Company Contact | |
| Address: | 980-700 West Georgia Street Lcd Pacific Centre PO Box 10070 VANCOUVER BC V7Y 1B6 |
| Tel: | 1-778-3318687 |
| Website: | https://www.conifex.com |
| IR: | See website |
| Key People | ||
| Kenneth A. Shields Chairman of the Board, President, Chief Executive Officer | Trevor Pruden Chief Financial Officer | Andrew Mclellan Vice President, General Manager - Northern Operations |
| Business Overview |
| Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Conifex Timber Inc revenues decreased 39% to C$141.2M. Net loss totaled C$30.6M vs. income of C$24.5M. Revenues reflect Lumber segment decrease of 49% to C$99M, Lumber by-Products segment decrease of 28% to C$18.1M, United States segment decrease of 40% to C$83M, Japan segment decrease of 74% to C$6.6M. Net loss reflects Other income decrease of 77% to C$2.2M (income). |
| Employees: | 258 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $86.16M as of Dec 31, 2023 |
| Annual revenue (TTM): | $141.16M as of Dec 31, 2023 |
| EBITDA (TTM): | -$26.98M as of Dec 31, 2023 |
| Net annual income (TTM): | -$30.63M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.99M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $59.66M as of Dec 31, 2023 |
| Shares outstanding: | 40,421,440 as of Jan 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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