Boise Cascade Co

Consumer Discretionary
RETAIL: Building Materials
www.bc.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $3.35B
PE 11
Debt $446.39M
Cash $561.78M
EV $3.23B
FCF $133.94M

Earnings

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Sales & Net Margins

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Earnings	$312.58M
EBIT	$419.33M
ROE	15%
ROA	12%
FCF	$133.94M
Equity	$2.13B
Growth Stability	35%
PE	10.71
PEG	0.7
PB	1.57
P/FCF	24.99
P/S	0.51
Price/Cash	0.17
Debt/Equity	0.21
Debt/FCF	3.33
Net Margins	3%
Gross Margins	19%
Op. Margins	6%
Earnings CAGR	37%
Sales Growth YoY	-7%
Sales Growth QoQ	-2%
Sales CAGR	9%
FCF CAGR	39%
Equity CAGR	20%
Earnings Stability	0.62
Earnings Growth YoY	-61%
Earnings Growth QoQ	-41%
Earnings CAGR 5Y	15%

Sales CAGR 5Y	4%
FCF CAGR 5Y	-2%
Equity CAGR 5Y	27%
Earnings CAGR 3Y	-9%
Sales CAGR 3Y	-9%
FCF CAGR 3Y	-47%
Equity CAGR 3Y	5%
Market Cap	$3.35B
Revenue	$6.62B
Dividend Yield	7%
Payout Ratio	73%
Assets	$3.48B
Total Debt	$446.39M
Cash	$561.78M
Shares Outstanding	38.02M
EV	3.23B
Earnings Score	89%
Moat Score	84%
Safety Score	63%
Final Score	79%
Working Capital	1.28B
Current Ratio	2.82
Gross Profit	$1.25B
Shares Growth 3y	-1%
Equity Growth QoQ	-1%
Equity Growth YoY	-6%

Assets & ROA

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Stockholders Equity & ROE

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Boise Cascade Co is a producer of engineered wood products (EWP) and plywood. The firm operates in two segments namely Wood Products and Building Materials Distribution. Wood Products segment manufactures EWP, consisting of laminated veneer lumber (LVL), I-joists, and laminated beams. The Building Materials Distribution segment is engaged in the wholesale of building materials. It distributes products such as plywood, OSB, and lumber items such as siding, doors, metal products, insulation, and roofing, EWP and others. The company generates a majority of its revenue from the Building Material Distribution segment.

SEC Filings

Direct access to Boise Cascade Co (BCC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Boise Cascade Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Boise Cascade Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 37%

Stability 62%

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Boise Cascade Co Discounted Cash Flow

Fully customizable DCF calculator online for Boise Cascade Co.

Years

Calculation mode

= $20B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$134M	$186M	$258M	$359M	$498M	$692M	$960M	$1.3B	$1.9B	$2.6B	$3.6B	$36B
DCF		$169M	$213M	$269M	$340M	$429M	$542M	$684M	$864M	$1.1B	$1.4B	$14B
Value	$20B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	1%	1%	2%	0%	2%	3%	9%	10%	7%	6%	3%
ROA	-	6%	9%	5%	8%	17%	38%	36%	19%	15%	12%
ROE	-	7%	12%	3%	12%	21%	53%	42%	22%	17%	15%

Bad Net Margins (2.63%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	6.41	5.76	5.25	2.7	2.06	0.79	0.48	0.94	2.14	3.33
Debt over Equity	0.64	0.75	0.65	0.65	0.63	0.52	0.33	0.22	0.2	0.21	0.21
Growth Stability	-	-	-	35%	100%	100%	100%	100%	83%	55%	35%

Neutral Debt/FCF ratio (3.33)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.21)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (35%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	8%	13%	13%	-7%	18%	45%	6%	-18%	-2%	4%
Earnings YoY growth	-	-27%	117%	-75%	295%	116%	307%	20%	-44%	-22%	15%
Equity YoY growth	-	8%	16%	-0%	4%	21%	59%	52%	7%	-2%	27%
FCF YoY growth	-	-1K%	11%	10%	95%	32%	161%	65%	-49%	-56%	-2%