Conifex Timber Inc. (CFF.TO)

Conifex Timber Inc. (CFF.TO) — VMCI valuation read

Conifex Timber Inc. sits at VMCI 42/100, with the Basic Materials sector median at 50. That 8-point spread is the first thing to note on CFF.TO: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on CFF.TO are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on CFF.TO: CFF.TO trades at 22.0x earnings, 22% above the Basic Materials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Basic Materials median (10.0%). The Risk read: net debt to EBITDA of -0.1x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

CFF.TO rose 0.4% over the trailing 7 days, with a +5.2% read on a 30-day basis.