ICLTF (GreenFirst Forest Products) EBIT: $-82.8 Mil (TTM As of Mar. 2026)


ICLTF GreenFirst Forest Products Inc ICLTF
48 GF Score
Price $1.57
GF Value $1.90
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is GreenFirst Forest Products EBIT?

GreenFirst Forest Products ICLTF +4.67% 48 EBIT is $-82.8 Mil as of Mar. 2026. GuruFocus rates ICLTF with a GF Score™ of 48/100 and a GF Value™ of $1.90 (Modestly Undervalued). The stock has 8 warning signs investors should review.

GreenFirst Forest Products's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-13.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-82.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GreenFirst Forest Products's annualized ROC % for the quarter that ended in Mar. 2026 was -49.00%. GreenFirst Forest Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -61.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GreenFirst Forest Products's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -98.03%.

GreenFirst Forest Products  (OTCPK:ICLTF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

GreenFirst Forest Products's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-55.392 * ( 1 - 0% )/( (103.134 + 122.947)/ 2 )
=-55.392/113.0405
=-49.00 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=137.604 - 31.948 - ( 2.522 - max(0, 39.906 - 59.522+2.522))
=103.134

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=160.006 - 32.31 - ( 4.749 - max(0, 46.408 - 82.925+4.749))
=122.947

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

GreenFirst Forest Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-55.756/( ( (68.912 + max(16.576, 0)) + (68.236 + max(27.509, 0)) )/ 2 )
=-55.756/( ( 85.488 + 95.745 )/ 2 )
=-55.756/90.6165
=-61.53 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.658 + 40.836 + 1.686) - (31.948 + 1.814 + 1.842)
=16.576

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.657 + 60.417 + 1.732) - (32.31 + 0 + 10.987)
=27.509

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

GreenFirst Forest Products's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-82.752/84.418
=-98.03 %

* 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 EBIT Related Terms

GreenFirst Forest Products EBIT Historical Data

* Premium members only.

The historical data trend for GreenFirst Forest Products's EBIT 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 EBIT Chart

GreenFirst Forest Products Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.73 4.25 -28.50 -9.40 -67.78

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
EBIT 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 1.03 -6.61 -36.76 -25.44 -13.94

ICLTF vs SSD, UFPI, BCC: EBIT Comparison

For the Lumber & Wood Production subindustry, GreenFirst Forest Products's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, GreenFirst Forest Products's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where GreenFirst Forest Products's EV-to-EBIT falls into.


ICLTF
48GF Score
GreenFirst Forest Products Inc ICLTF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GreenFirst Forest Products EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-82.8 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-82.8 Mil mean?
GreenFirst Forest Products (ICLTF) has a EBIT of $-82.8 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on GreenFirst Forest Products.
Is GreenFirst Forest Products' EBIT too high?
GreenFirst Forest Products' current EBIT is $-82.8 Mil. Overall, GreenFirst Forest Products has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GreenFirst Forest Products' EBIT compare to SSD and UFPI?
GreenFirst Forest Products' EBIT of $-82.8 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 EBIT for a Forest Products company?
A good EBIT depends on the Forest Products industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on GreenFirst Forest Products. GreenFirst Forest Products's current EBIT is $-82.8 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 Modestly Undervalued. The stock's GF Value™ is $1.90, compared to a current price of $1.57 — trading 17.4% below its estimated fair value. The current EBIT is $-82.8 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For GreenFirst Forest Products (ICLTF), the current EBIT is $-82.8 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 $1.57 is trading 17.4% below its estimated GF Value™ of $1.90. GuruFocus considers GreenFirst Forest Products to be Modestly Undervalued.

Key valuation signals for ICLTF:

  • EBIT: $-82.8 Mil
  • GF Value™: $1.90 vs. price of $1.57 (17.4% 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

Get the complete analysis for ICLTF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.57
Price
$1.90
GF Value