GreenFirst Forest Products (ICLTF) Stock Price & Analysis
ICLTF Stock Chart & Stats
- Day’s Range
- $1.00 - $1.00
- 52-Week Range
- $1.00 - $2.15
- Previous Close
- $1.00
- Volume
- N/A
- Average Volume (3M)
- 7,446
- Market Cap
- $22.21M
- Enterprise Value
- $117.01M
- Total Cash (Recent Filing)
- $2.83M
- Total Debt (Recent Filing)
- $68.89M
- Price to Earnings (P/E)
- ―
- Beta
- 0.82
- Next Earnings
- Nov 17, 2026 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Jul 24, 2018
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Operational Rebound
The return to positive operating income and EBITDA, alongside stronger revenue, production and shipments, shows that operating execution can improve materially when volumes, pricing and mill performance align. This supports recovery potential over the next several quarters.
Chapleau Expansion
Chapleau provides a defined operational growth initiative that could increase production capacity and financial contribution once commissioning is complete. A successful ramp would broaden GFP’s productive base and strengthen its ability to capture lumber demand through higher volumes.
Manufacturing Efficiency
The per-unit cost reduction indicates meaningful progress in mill efficiency and product economics rather than relying only on higher selling prices. If sustained, lower manufacturing costs can improve resilience through lumber-price cycles and support better cash conversion.
Bears Say
Persistent Unprofitability
Deep TTM losses and weak operating profitability show that recent quarterly improvement has not yet translated into durable earnings strength. Low margins leave limited protection against changes in lumber prices or costs and make sustained profitability dependent on continued execution.
Leverage And Cash Pressure
Higher leverage combined with negative cash generation reduces financial flexibility and leaves fewer internally funded resources for operations, capital spending or downturn protection. This raises dependence on borrowing and makes liquidity management especially important while losses persist.
Duty And Tariff Burden
The scale and increase of duties and tariffs directly reduce realized lumber prices and absorb cash that could otherwise support earnings, debt reduction or investment. Continued trade-related charges could therefore keep margins compressed even when production and shipments improve.
GreenFirst Forest Products News
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Company Description
GreenFirst Forest Products
GreenFirst Forest Products Inc. engages in the forest products business that manufactures, markets, distributes, and sells lumber products in Canada and the United States. The company provides a range of spruce, pine, and fir lumber products; wood chips; and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets. It serves retail chains, contractor supply yards, distributors, wholesalers, and industrial customers. The company was formerly known as Itasca Capital Ltd. and changed its name to GreenFirst Forest Products Inc. in January 2021. GreenFirst Forest Products Inc. is headquartered in Toronto, Canada.
- Sector
- Basicmaterials
- Industry
- Paper, Lumber & Forest Products
- CEO
- Joel Fournier
- Employees
- 750
- Website
- www.greenfirst.ca
- Address
- 10 Four Seasons Place, North Bay, ON, P1B 2Y8, CA
GreenFirst Forest Products (ICLTF) Earnings & Revenues
ICLTF Company Deck
ICLTF Earnings Call
Earnings Call SentimentNeutral
The call reflects a meaningful operational and financial turnaround in Q2 — production, shipments, realized prices and manufacturing efficiencies combined to deliver a return to positive operating income and EBITDA and a significant sequential revenue increase. However, the business continues to face material headwinds from elevated duties and tariffs, compressed cash balances and ongoing market uncertainty. Management highlighted operational progress (Chapleau ramp-up, mill records, safety) and government support recognition, but also emphasized liquidity management and cautious outlook due to trade and pricing risk.
View all ICLTF earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 3 | 15 |
| Technical Analysis | 3 | 3 | 4 |
| Moving Averages | 1 | 0 | 11 |











