WFTBF - West Fraser Timber: All Eyes On Proposed Acquisition
- I'm positive on West Fraser Timber's proposed acquisition of Norbord because there are a number of factors, which could contribute to higher valuations for the combined company.
- West Fraser Timber's 3Q 2020 financial performance was good, with revenue and adjusted EBITDA up +32% YoY and +229% YoY, respectively.
- There's potential for West Fraser Timber to further improve its capital return to shareholders after the completion of the acquisition of Norbord.
- West Fraser Timber trades at consensus forward FY 2021 P/E and EV/EBITDA multiples of 8.7 times and 4.4 times, respectively.
For further details see:
West Fraser Timber: All Eyes On Proposed Acquisition