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Goodfellow
(TSX:GDL)
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Rating:55Neutral
Price Target:
C$11.00
â–¼(-3.08% Downside)
Action:Reiterated
Date:10/09/26
The score is held back primarily by weak cash generation (negative operating and free cash flow) and compressed margins despite strong TTM revenue growth. Technical indicators also lean bearish with the price below major moving averages and a negative MACD. Valuation provides partial support through a moderate P/E and a solid dividend yield.
Positive Factors
Strong Revenue Growth
A 71.8% TTM revenue increase indicates strong recent demand or volume expansion across the company’s wood-products activities. If maintained, this larger sales base can support scale, broaden customer reach, and provide a platform for rebuilding profitability despite current margin pressure.
Negative Factors
Weak Cash Generation
Negative operating and free cash flow shows that reported earnings are not currently converting into cash, increasing funding needs for working capital and investment. Continued weak conversion could reduce financial flexibility and make the company more dependent on balance-sheet resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A 71.8% TTM revenue increase indicates strong recent demand or volume expansion across the company’s wood-products activities. If maintained, this larger sales base can support scale, broaden customer reach, and provide a platform for rebuilding profitability despite current margin pressure.
Read all positive factors
Goodfellow (GDL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$91.12M
Dividend Yield4.57%
Average Volume (3M)1.75K
Price to Earnings (P/E)15.6
Beta (1Y)0.43
Revenue Growth0.73%
EPS Growth-30.61%
CountryCA
Employees813
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)0.52
Shares Outstanding8,283,854
10 Day Avg. Volume2,257
30 Day Avg. Volume1,754
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 forest and building-related wood products and associated value-added services. Its core revenue stream is product sales through wholesale/distribution and direct-to-customer channels, where it sources wo...
Goodfellow Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
72
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 534.09M | 542.98M | 509.54M | 512.82M | 631.18M | 615.95M |
| Gross Profit | 77.74M | 94.19M | 121.75M | 112.36M | 136.06M | 136.54M |
| EBITDA | 21.66M | 25.71M | 29.48M | 31.10M | 55.63M | 60.53M |
| Net Income | 4.37M | 7.14M | 13.37M | 14.69M | 32.68M | 37.84M |
Balance Sheet | ||||||
| Total Assets | 330.35M | 294.92M | 291.86M | 252.75M | 246.92M | 237.59M |
| Cash, Cash Equivalents and Short-Term Investments | 4.33M | 3.77M | 5.31M | 28.38M | 3.42M | 4.25M |
| Total Debt | 61.52M | 53.15M | 27.39M | 13.23M | 17.51M | 24.43M |
| Total Liabilities | 123.14M | 87.29M | 85.65M | 57.75M | 60.14M | 76.64M |
| Stockholders Equity | 207.21M | 207.63M | 206.21M | 195.00M | 186.78M | 160.95M |
Cash Flow | ||||||
| Free Cash Flow | -6.42M | -424.00K | -16.56M | 39.13M | 21.13M | 31.91M |
| Operating Cash Flow | -1.12M | 3.21M | -868.00K | 42.97M | 26.01M | 33.28M |
| Investing Cash Flow | -5.44M | -4.22M | -15.67M | -3.66M | -4.85M | -1.34M |
| Financing Cash Flow | 4.93M | 4.82M | -12.44M | -14.35M | -14.75M | -33.83M |
Goodfellow Technical Analysis
Negative
11.35
Price Trends
11.26
Negative
11.35
Negative
11.62
Negative
Market Momentum
-0.08
Positive
42.04
Neutral
46.67
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 11.35 is above the 20-day moving average (MA) of 11.11, above the 50-day MA of 11.26, and below the 200-day MA of 11.62, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 42.04 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | C$314.86M | 6.50 | 13.35% | 6.89% | -5.88% | 225.50% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$166.19M | -1.95 | -17.78% | 5.53% | -18.00% | -290.71% | |
55 Neutral | C$91.12M | 15.63 | 2.85% | 4.57% | 0.73% | -30.61% | |
45 Neutral | C$4.48M | -0.09 | -103.21% | 10.58% | -18.46% | -102.32% | |
44 Neutral | C$40.08M | -0.37 | -184.29% | 23.81% | 2.28% | -237.72% |
* Basic Materials Sector Average
TSE:GDL
Goodfellow
10.94
0.07
0.62%
TSE:GFP
GreenFirst Forest Products
1.69
-0.78
-31.58%
TSE:ADN
Acadian Timber
16.83
1.69
11.18%
TSE:CFF
Conifex Timber
0.10
-0.17
-62.26%
TSE:WEF
Western Forest Prod
15.60
3.54
29.35%
Goodfellow Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Goodfellow Profits Decline Despite Higher Q3 Sales as Sector Conditions Remain Mixed
Negative
Oct 6, 2026
Goodfellow Inc. reported third-quarter net earnings of $2.3 million, down from $3.7 million a year earlier, even as sales edged up to $145.7 million from $141.9 million. For the first nine months of fiscal 2026, net earnings fell to $1.2 million f...
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.