ICLTF (GreenFirst Forest Products) Shares Outstanding (EOP): 23.1 Mil (As of Mar. 2026)


ICLTF GreenFirst Forest Products Inc ICLTF
48 GF Score
Price $1.25
GF Value $1.52
Valuation Possible Value Trap
! 8 Warning Signs
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What is GreenFirst Forest Products Shares Outstanding (EOP)?

GreenFirst Forest Products ICLTF -10.71% 48 Shares Outstanding (EOP) is 23.1 Mil as of Mar. 2026. GuruFocus rates ICLTF with a GF Score™ of 48/100 and a GF Value™ of $1.52 (Possible Value Trap). The stock has 8 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. GreenFirst Forest Products's shares outstanding for the quarter that ended in Mar. 2026 was 23.1 Mil.

GreenFirst Forest Products's quarterly shares outstanding increased from Dec. 2025 (23.1 Mil) to Mar. 2026 (23.1 Mil). It means GreenFirst Forest Products issued new shares from Dec. 2025 to Mar. 2026 .

GreenFirst Forest Products's annual shares outstanding increased from Dec. 2024 (22.6 Mil) to Dec. 2025 (23.1 Mil). It means GreenFirst Forest Products issued new shares from Dec. 2024 to Dec. 2025 .


GreenFirst Forest Products  (OTCPK:ICLTF) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


GreenFirst Forest Products Shares Outstanding (EOP) Related Terms


GreenFirst Forest Products Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for GreenFirst Forest Products's Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GreenFirst Forest Products Shares Outstanding (EOP) Chart

GreenFirst Forest Products Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (EOP)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.23 18.23 18.23 22.60 23.14

GreenFirst Forest Products Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.60 22.60 22.61 23.14 23.15

ICLTF vs SSD, UFPI, BCC: Shares Outstanding (EOP) Comparison

For the Lumber & Wood Production subindustry, GreenFirst Forest Products's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GreenFirst Forest Products Shares Outstanding (EOP) vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, GreenFirst Forest Products's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where GreenFirst Forest Products's Shares Outstanding (EOP) falls into.


ICLTF
48GF Score
GreenFirst Forest Products Inc ICLTF
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
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GreenFirst Forest Products Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 23.1 Mil mean?
GreenFirst Forest Products (ICLTF) has a Shares Outstanding (EOP) of 23.1 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on GreenFirst Forest Products and its competitors.
Is GreenFirst Forest Products' Shares Outstanding (EOP) too high?
GreenFirst Forest Products' current Shares Outstanding (EOP) is 23.1 Mil. Overall, GreenFirst Forest Products has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GreenFirst Forest Products' Shares Outstanding (EOP) compare to SSD and UFPI?
GreenFirst Forest Products' Shares Outstanding (EOP) of 23.1 Mil can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Forest Products company?
A good Shares Outstanding (EOP) depends on the Forest Products industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on GreenFirst Forest Products and its competitors. GreenFirst Forest Products's current Shares Outstanding (EOP) is 23.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GreenFirst Forest Products stock overvalued right now?
Based on GuruFocus' analysis, GreenFirst Forest Products (ICLTF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.52, compared to a current price of $1.25 — trading 17.8% below its estimated fair value. The current Shares Outstanding (EOP) is 23.1 Mil. GreenFirst Forest Products' overall GF Score™ is 48/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For GreenFirst Forest Products (ICLTF), the current Shares Outstanding (EOP) is 23.1 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GreenFirst Forest Products (ICLTF) Overvalued in 2026?

Based on GuruFocus' analysis, GreenFirst Forest Products stock appears to be undervalued. The current stock price of $1.25 is trading 17.8% below its estimated GF Value™ of $1.52. GuruFocus considers GreenFirst Forest Products to be Possible Value Trap.

Key valuation signals for ICLTF:

  • Shares Outstanding (EOP): 23.1 Mil
  • GF Value™: $1.52 vs. price of $1.25 (17.8% below fair value)
  • GF Score™: 48/100 with 8 warning signs

No single metric tells the full story. See the ICLTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GreenFirst Forest Products Business Description

Other Exchanges IMT1:GermanyGFP:Canada
Address 222 McIntyre Street West, Unit 200, North Bay, ON, CAN, P1B 2Y8
GreenFirst Forest Products Inc operates as a forest products business consisting of four operating sawmills located in Ontario. The company manufactures and markets a range of spruce-pine-fir (SPF) lumber products for use in residential and commercial construction, with by-products from production sold to pulp producers. It operates in a single operating segment, being lumber products. The group's geographic markets are Canada and the United States, with the majority of revenue derived from the United States. The company generates almost all of its revenue from the sale of Lumber products and a small portion of its revenue from the sale of Chips, by-products, and other.
48GF Score

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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.25
Price
$1.52
GF Value