Intrinsic value of Louisiana-Pacific - LPX

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$22.81

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$22.81

 
Intrinsic value

$183.20

 
Up/down potential

+703%

 
Rating

str. buy

 
Value-price divergence* premium content

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*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of LPX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.96
  18.80
  17.42
  16.18
  15.06
  14.05
  13.15
  12.33
  11.60
  10.94
  10.35
  9.81
  9.33
  8.90
  8.51
  8.16
  7.84
  7.56
  7.30
  7.07
  6.86
  6.68
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
  5.65
Revenue, $m
  2,233
  2,653
  3,115
  3,619
  4,164
  4,749
  5,374
  6,036
  6,736
  7,474
  8,247
  9,056
  9,901
  10,782
  11,699
  12,653
  13,646
  14,677
  15,748
  16,862
  18,019
  19,223
  20,474
  21,776
  23,131
  24,542
  26,013
  27,545
  29,144
  30,811
  32,552
Variable operating expenses, $m
 
  711
  834
  969
  1,115
  1,272
  1,439
  1,616
  1,803
  2,001
  2,207
  2,423
  2,649
  2,885
  3,130
  3,385
  3,651
  3,927
  4,214
  4,511
  4,821
  5,143
  5,478
  5,826
  6,189
  6,566
  6,960
  7,370
  7,797
  8,244
  8,709
Fixed operating expenses, $m
 
  1,522
  1,560
  1,599
  1,639
  1,680
  1,722
  1,765
  1,809
  1,855
  1,901
  1,948
  1,997
  2,047
  2,098
  2,151
  2,204
  2,260
  2,316
  2,374
  2,433
  2,494
  2,557
  2,620
  2,686
  2,753
  2,822
  2,892
  2,965
  3,039
  3,115
Total operating expenses, $m
  2,047
  2,233
  2,394
  2,568
  2,754
  2,952
  3,161
  3,381
  3,612
  3,856
  4,108
  4,371
  4,646
  4,932
  5,228
  5,536
  5,855
  6,187
  6,530
  6,885
  7,254
  7,637
  8,035
  8,446
  8,875
  9,319
  9,782
  10,262
  10,762
  11,283
  11,824
Operating income, $m
  187
  420
  720
  1,050
  1,410
  1,797
  2,213
  2,655
  3,124
  3,618
  4,138
  4,685
  5,255
  5,850
  6,471
  7,117
  7,790
  8,490
  9,219
  9,977
  10,765
  11,585
  12,440
  13,329
  14,256
  15,223
  16,231
  17,283
  18,381
  19,529
  20,728
EBITDA, $m
  300
  554
  877
  1,232
  1,619
  2,036
  2,482
  2,958
  3,462
  3,993
  4,552
  5,137
  5,750
  6,389
  7,056
  7,750
  8,472
  9,224
  10,006
  10,820
  11,666
  12,547
  13,463
  14,418
  15,413
  16,450
  17,532
  18,660
  19,839
  21,069
  22,355
Interest expense (income), $m
  0
  13
  19
  25
  31
  38
  46
  54
  63
  72
  81
  91
  102
  113
  124
  136
  149
  162
  175
  189
  204
  219
  234
  251
  268
  285
  304
  323
  343
  364
  385
Earnings before tax, $m
  165
  407
  702
  1,026
  1,379
  1,759
  2,167
  2,601
  3,061
  3,547
  4,057
  4,593
  5,153
  5,737
  6,346
  6,981
  7,641
  8,329
  9,044
  9,787
  10,561
  11,367
  12,205
  13,079
  13,989
  14,938
  15,927
  16,960
  18,039
  19,165
  20,342
Tax expense, $m
  20
  110
  189
  277
  372
  475
  585
  702
  827
  958
  1,095
  1,240
  1,391
  1,549
  1,713
  1,885
  2,063
  2,249
  2,442
  2,643
  2,852
  3,069
  3,295
  3,531
  3,777
  4,033
  4,300
  4,579
  4,870
  5,175
  5,492
Net income, $m
  150
  297
  512
  749
  1,006
  1,284
  1,582
  1,899
  2,235
  2,589
  2,962
  3,353
  3,762
  4,188
  4,633
  5,096
  5,578
  6,080
  6,602
  7,145
  7,710
  8,298
  8,910
  9,547
  10,212
  10,904
  11,627
  12,381
  13,168
  13,990
  14,850

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  659
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,031
  1,629
  1,913
  2,223
  2,558
  2,917
  3,301
  3,708
  4,138
  4,591
  5,066
  5,563
  6,082
  6,623
  7,186
  7,772
  8,382
  9,015
  9,673
  10,358
  11,068
  11,808
  12,576
  13,376
  14,208
  15,075
  15,978
  16,920
  17,901
  18,926
  19,995
Adjusted assets (=assets-cash), $m
  1,372
  1,629
  1,913
  2,223
  2,558
  2,917
  3,301
  3,708
  4,138
  4,591
  5,066
  5,563
  6,082
  6,623
  7,186
  7,772
  8,382
  9,015
  9,673
  10,358
  11,068
  11,808
  12,576
  13,376
  14,208
  15,075
  15,978
  16,920
  17,901
  18,926
  19,995
Revenue / Adjusted assets
  1.628
  1.629
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
  1.628
Average production assets, $m
  927
  1,101
  1,293
  1,502
  1,728
  1,971
  2,230
  2,505
  2,796
  3,102
  3,422
  3,758
  4,109
  4,474
  4,855
  5,251
  5,663
  6,091
  6,536
  6,998
  7,478
  7,977
  8,497
  9,037
  9,599
  10,185
  10,795
  11,431
  12,095
  12,787
  13,509
Working capital, $m
  788
  157
  184
  214
  246
  280
  317
  356
  397
  441
  487
  534
  584
  636
  690
  747
  805
  866
  929
  995
  1,063
  1,134
  1,208
  1,285
  1,365
  1,448
  1,535
  1,625
  1,719
  1,818
  1,921
Total debt, $m
  377
  529
  701
  889
  1,092
  1,310
  1,542
  1,789
  2,050
  2,324
  2,612
  2,913
  3,227
  3,555
  3,897
  4,252
  4,621
  5,005
  5,404
  5,819
  6,249
  6,697
  7,163
  7,648
  8,152
  8,678
  9,225
  9,795
  10,390
  11,011
  11,659
Total liabilities, $m
  836
  987
  1,159
  1,347
  1,550
  1,768
  2,000
  2,247
  2,508
  2,782
  3,070
  3,371
  3,685
  4,013
  4,355
  4,710
  5,079
  5,463
  5,862
  6,277
  6,707
  7,155
  7,621
  8,106
  8,610
  9,136
  9,683
  10,253
  10,848
  11,469
  12,117
Total equity, $m
  1,196
  642
  754
  876
  1,008
  1,149
  1,300
  1,461
  1,630
  1,809
  1,996
  2,192
  2,396
  2,609
  2,831
  3,062
  3,302
  3,552
  3,811
  4,081
  4,361
  4,652
  4,955
  5,270
  5,598
  5,940
  6,295
  6,666
  7,053
  7,457
  7,878
Total liabilities and equity, $m
  2,032
  1,629
  1,913
  2,223
  2,558
  2,917
  3,300
  3,708
  4,138
  4,591
  5,066
  5,563
  6,081
  6,622
  7,186
  7,772
  8,381
  9,015
  9,673
  10,358
  11,068
  11,807
  12,576
  13,376
  14,208
  15,076
  15,978
  16,919
  17,901
  18,926
  19,995
Debt-to-equity ratio
  0.315
  0.820
  0.930
  1.020
  1.080
  1.140
  1.190
  1.220
  1.260
  1.280
  1.310
  1.330
  1.350
  1.360
  1.380
  1.390
  1.400
  1.410
  1.420
  1.430
  1.430
  1.440
  1.450
  1.450
  1.460
  1.460
  1.470
  1.470
  1.470
  1.480
  1.480
Adjusted equity ratio
  0.391
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394
  0.394

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  150
  297
  512
  749
  1,006
  1,284
  1,582
  1,899
  2,235
  2,589
  2,962
  3,353
  3,762
  4,188
  4,633
  5,096
  5,578
  6,080
  6,602
  7,145
  7,710
  8,298
  8,910
  9,547
  10,212
  10,904
  11,627
  12,381
  13,168
  13,990
  14,850
Depreciation, amort., depletion, $m
  113
  134
  157
  182
  209
  238
  270
  303
  338
  375
  413
  453
  495
  539
  585
  633
  682
  734
  787
  843
  901
  961
  1,024
  1,089
  1,157
  1,227
  1,301
  1,377
  1,457
  1,541
  1,628
Funds from operations, $m
  377
  431
  669
  931
  1,216
  1,523
  1,851
  2,202
  2,572
  2,964
  3,375
  3,806
  4,257
  4,727
  5,218
  5,729
  6,260
  6,814
  7,389
  7,988
  8,611
  9,259
  9,934
  10,636
  11,368
  12,132
  12,928
  13,758
  14,625
  15,531
  16,478
Change in working capital, $m
  35
  25
  27
  30
  32
  35
  37
  39
  41
  43
  46
  48
  50
  52
  54
  56
  59
  61
  63
  66
  68
  71
  74
  77
  80
  83
  87
  90
  94
  98
  103
Cash from operations, $m
  342
  416
  642
  901
  1,183
  1,488
  1,815
  2,162
  2,531
  2,920
  3,329
  3,758
  4,207
  4,675
  5,164
  5,672
  6,202
  6,753
  7,326
  7,922
  8,542
  9,188
  9,860
  10,559
  11,288
  12,048
  12,841
  13,668
  14,531
  15,433
  16,375
Maintenance CAPEX, $m
  0
  -112
  -133
  -156
  -181
  -208
  -237
  -269
  -302
  -337
  -374
  -412
  -453
  -495
  -539
  -585
  -633
  -682
  -734
  -787
  -843
  -901
  -961
  -1,024
  -1,089
  -1,157
  -1,227
  -1,301
  -1,377
  -1,457
  -1,541
New CAPEX, $m
  -125
  -174
  -192
  -209
  -226
  -243
  -259
  -275
  -291
  -306
  -321
  -336
  -351
  -366
  -381
  -396
  -412
  -428
  -445
  -462
  -480
  -499
  -519
  -540
  -562
  -586
  -610
  -636
  -663
  -692
  -722
Cash from investing activities, $m
  286
  -286
  -325
  -365
  -407
  -451
  -496
  -544
  -593
  -643
  -695
  -748
  -804
  -861
  -920
  -981
  -1,045
  -1,110
  -1,179
  -1,249
  -1,323
  -1,400
  -1,480
  -1,564
  -1,651
  -1,743
  -1,837
  -1,937
  -2,040
  -2,149
  -2,263
Free cash flow, $m
  628
  130
  317
  536
  776
  1,037
  1,318
  1,619
  1,939
  2,278
  2,635
  3,010
  3,403
  3,815
  4,244
  4,691
  5,157
  5,643
  6,147
  6,673
  7,219
  7,788
  8,379
  8,995
  9,637
  10,306
  11,004
  11,731
  12,490
  13,283
  14,112
Issuance/(repayment) of debt, $m
  -393
  155
  172
  188
  203
  218
  232
  247
  261
  274
  288
  301
  315
  328
  341
  355
  369
  384
  399
  415
  431
  448
  466
  485
  504
  525
  547
  570
  595
  621
  648
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -407
  155
  172
  188
  203
  218
  232
  247
  261
  274
  288
  301
  315
  328
  341
  355
  369
  384
  399
  415
  431
  448
  466
  485
  504
  525
  547
  570
  595
  621
  648
Total cash flow (excl. dividends), $m
  225
  286
  489
  724
  979
  1,255
  1,550
  1,865
  2,199
  2,552
  2,923
  3,311
  3,718
  4,142
  4,585
  5,047
  5,527
  6,027
  6,546
  7,087
  7,650
  8,235
  8,845
  9,480
  10,142
  10,831
  11,551
  12,302
  13,085
  13,904
  14,760
Retained Cash Flow (-), $m
  -179
  -102
  -112
  -122
  -132
  -142
  -151
  -160
  -169
  -178
  -187
  -196
  -204
  -213
  -222
  -231
  -240
  -250
  -259
  -270
  -280
  -291
  -303
  -315
  -328
  -342
  -356
  -371
  -387
  -404
  -421
Prev. year cash balance distribution, $m
 
  656
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  840
  378
  602
  847
  1,113
  1,399
  1,705
  2,030
  2,374
  2,735
  3,115
  3,513
  3,929
  4,363
  4,816
  5,287
  5,777
  6,287
  6,818
  7,370
  7,944
  8,542
  9,165
  9,814
  10,490
  11,195
  11,931
  12,699
  13,501
  14,339
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  805
  346
  524
  698
  863
  1,016
  1,152
  1,269
  1,363
  1,434
  1,479
  1,499
  1,494
  1,465
  1,414
  1,343
  1,257
  1,158
  1,050
  936
  822
  709
  601
  500
  408
  327
  256
  196
  147
  108
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and sells building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction. It operates in four segments: North America Oriented Strand Board; Siding; Engineered Wood Products; and South America. The company offers structural panel products comprising plywood, including roof decking, sidewall sheathing, and floor underlayment; SmartSide siding products and related accessories, such as wood-based sidings, trim, soffit, and fascia; and CanExel siding and accessory products, including pre-finished lap and trim products. It also provides laminated veneer lumber, I-joists, laminated strand lumber, and other related products for residential and commercial flooring, roofing systems, headers and beams, and other structural applications; and timber and timberlands, and other products and services. The company sells its products to retail home centers, manufactured housing producers, distributors, and wholesalers primarily in North America and South America, as well as in Asia, Australia, and Europe. Louisiana-Pacific Corporation was founded in 1972 and is headquartered in Nashville, Tennessee.

FINANCIAL RATIOS  of  Louisiana-Pacific (LPX)

Valuation Ratios
P/E Ratio 21.9
Price to Sales 1.5
Price to Book 2.8
Price to Tangible Book
Price to Cash Flow 9.6
Price to Free Cash Flow 15.2
Growth Rates
Sales Growth Rate 18%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 9.6%
Cap. Spend. - 3 Yr. Gr. Rate 10.5%
Financial Strength
Quick Ratio 220
Current Ratio 0
LT Debt to Equity 31.3%
Total Debt to Equity 31.5%
Interest Coverage 0
Management Effectiveness
Return On Assets 7.1%
Ret/ On Assets - 3 Yr. Avg. 0.1%
Return On Total Capital 9%
Ret/ On T. Cap. - 3 Yr. Avg. 0.1%
Return On Equity 13.6%
Return On Equity - 3 Yr. Avg. -0.4%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 22.8%
Gross Margin - 3 Yr. Avg. 14.3%
EBITDA Margin 12.4%
EBITDA Margin - 3 Yr. Avg. 4.2%
Operating Margin 8.3%
Oper. Margin - 3 Yr. Avg. 0.3%
Pre-Tax Margin 7.4%
Pre-Tax Margin - 3 Yr. Avg. -1%
Net Profit Margin 6.7%
Net Profit Margin - 3 Yr. Avg. -0.6%
Effective Tax Rate 12.1%
Eff/ Tax Rate - 3 Yr. Avg. 13.3%
Payout Ratio 0%

LPX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LPX stock intrinsic value calculation we used $2233 million for the last fiscal year's total revenue generated by Louisiana-Pacific. The default revenue input number comes from 2016 income statement of Louisiana-Pacific. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our LPX stock valuation model: a) initial revenue growth rate of 18.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for LPX is calculated based on our internal credit rating of Louisiana-Pacific, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Louisiana-Pacific.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of LPX stock the variable cost ratio is equal to 26.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1485 million in the base year in the intrinsic value calculation for LPX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Louisiana-Pacific.

Corporate tax rate of 27% is the nominal tax rate for Louisiana-Pacific. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the LPX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for LPX are equal to 41.5%.

Life of production assets of 8.3 years is the average useful life of capital assets used in Louisiana-Pacific operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for LPX is equal to 5.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1196 million for Louisiana-Pacific - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 146.656 million for Louisiana-Pacific is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Louisiana-Pacific at the current share price and the inputted number of shares is $3.3 billion.


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COMPANY NEWS

▶ LP Now Warrants Its Engineered Wood Siding for Hail Damage   [May-11-17 10:13AM  Business Wire]
▶ Top Ranked Growth Stocks to Buy for May 8th   [May-08-17 10:30AM  Zacks]
▶ Louisiana-Pacific beats 1Q profit forecasts   [07:01AM  Associated Press]
▶ LP Reports First Quarter 2017 Results   [06:55AM  Business Wire]
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▶ LP Schedules Webcast to Discuss First Quarter 2017 Results   [Apr-14-17 06:55AM  Business Wire]
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▶ Top Ranked Growth Stocks to Buy for March 30th   [Mar-30-17 12:29PM  Zacks]
▶ Why Louisiana-Pacific Corporation's Shares Rose 10% Today   [Feb-09-17 04:19PM  at Motley Fool]
Stock chart of LPX Financial statements of LPX Annual reports of LPX
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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