Intrinsic value of Louisiana-Pacific - LPX

Previous Close

$26.52

  Intrinsic Value

$191.86

stock screener

  Rating & Target

str. buy

+623%

Previous close

$26.52

 
Intrinsic value

$191.86

 
Up/down potential

+623%

 
Rating

str. buy

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 3.8

 

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
  19.20
  17.78
  16.50
  15.35
  14.32
  13.38
  12.55
  11.79
  11.11
  10.50
  9.95
  9.46
  9.01
  8.61
  8.25
  7.92
  7.63
  7.37
  7.13
  6.92
  6.73
  6.55
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
  5.67
Revenue, $m
  2,233
  2,662
  3,135
  3,652
  4,213
  4,816
  5,461
  6,146
  6,871
  7,634
  8,436
  9,275
  10,152
  11,067
  12,020
  13,012
  14,043
  15,114
  16,228
  17,385
  18,588
  19,838
  21,138
  22,491
  23,898
  25,364
  26,891
  28,482
  30,141
  31,872
  33,679
Variable operating expenses, $m
 
  713
  840
  978
  1,128
  1,290
  1,462
  1,645
  1,839
  2,044
  2,258
  2,482
  2,716
  2,961
  3,216
  3,481
  3,757
  4,044
  4,342
  4,651
  4,973
  5,308
  5,656
  6,017
  6,394
  6,786
  7,195
  7,620
  8,064
  8,528
  9,011
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
  2,235
  2,400
  2,577
  2,767
  2,970
  3,184
  3,410
  3,648
  3,899
  4,159
  4,430
  4,713
  5,008
  5,314
  5,632
  5,961
  6,304
  6,658
  7,025
  7,406
  7,802
  8,213
  8,637
  9,080
  9,539
  10,017
  10,512
  11,029
  11,567
  12,126
Operating income, $m
  187
  426
  735
  1,075
  1,446
  1,846
  2,277
  2,735
  3,222
  3,736
  4,277
  4,845
  5,439
  6,059
  6,706
  7,380
  8,081
  8,811
  9,570
  10,360
  11,181
  12,036
  12,926
  13,853
  14,818
  15,825
  16,874
  17,969
  19,112
  20,306
  21,553
EBITDA, $m
  300
  561
  893
  1,259
  1,657
  2,088
  2,551
  3,044
  3,567
  4,119
  4,700
  5,309
  5,947
  6,612
  7,307
  8,030
  8,783
  9,566
  10,381
  11,229
  12,111
  13,028
  13,983
  14,977
  16,013
  17,093
  18,219
  19,393
  20,619
  21,900
  23,237
Interest expense (income), $m
  0
  13
  19
  25
  32
  39
  47
  55
  64
  73
  83
  94
  105
  116
  128
  141
  153
  167
  181
  195
  210
  226
  242
  259
  277
  295
  314
  334
  355
  377
  399
Earnings before tax, $m
  165
  413
  716
  1,050
  1,414
  1,808
  2,230
  2,680
  3,158
  3,663
  4,194
  4,751
  5,334
  5,943
  6,578
  7,239
  7,927
  8,644
  9,389
  10,164
  10,971
  11,810
  12,684
  13,594
  14,541
  15,529
  16,560
  17,635
  18,757
  19,929
  21,154
Tax expense, $m
  20
  112
  193
  284
  382
  488
  602
  724
  853
  989
  1,132
  1,283
  1,440
  1,605
  1,776
  1,955
  2,140
  2,334
  2,535
  2,744
  2,962
  3,189
  3,425
  3,670
  3,926
  4,193
  4,471
  4,761
  5,064
  5,381
  5,712
Net income, $m
  150
  302
  523
  767
  1,032
  1,320
  1,628
  1,957
  2,305
  2,674
  3,061
  3,469
  3,894
  4,338
  4,802
  5,284
  5,787
  6,310
  6,854
  7,420
  8,009
  8,621
  9,259
  9,923
  10,615
  11,336
  12,089
  12,873
  13,693
  14,548
  15,443

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
  1,635
  1,926
  2,243
  2,588
  2,958
  3,354
  3,775
  4,220
  4,689
  5,182
  5,697
  6,236
  6,798
  7,383
  7,992
  8,626
  9,284
  9,968
  10,679
  11,418
  12,186
  12,984
  13,815
  14,680
  15,580
  16,518
  17,495
  18,514
  19,578
  20,687
Adjusted assets (=assets-cash), $m
  1,372
  1,635
  1,926
  2,243
  2,588
  2,958
  3,354
  3,775
  4,220
  4,689
  5,182
  5,697
  6,236
  6,798
  7,383
  7,992
  8,626
  9,284
  9,968
  10,679
  11,418
  12,186
  12,984
  13,815
  14,680
  15,580
  16,518
  17,495
  18,514
  19,578
  20,687
Revenue / Adjusted assets
  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
  1.628
  1.628
Average production assets, $m
  927
  1,105
  1,301
  1,516
  1,748
  1,999
  2,266
  2,551
  2,851
  3,168
  3,501
  3,849
  4,213
  4,593
  4,988
  5,400
  5,828
  6,272
  6,735
  7,215
  7,714
  8,233
  8,772
  9,334
  9,918
  10,526
  11,160
  11,820
  12,509
  13,227
  13,977
Working capital, $m
  788
  157
  185
  215
  249
  284
  322
  363
  405
  450
  498
  547
  599
  653
  709
  768
  829
  892
  957
  1,026
  1,097
  1,170
  1,247
  1,327
  1,410
  1,496
  1,587
  1,680
  1,778
  1,880
  1,987
Total debt, $m
  377
  533
  709
  902
  1,110
  1,335
  1,575
  1,830
  2,100
  2,384
  2,682
  2,995
  3,321
  3,662
  4,016
  4,385
  4,769
  5,168
  5,583
  6,013
  6,461
  6,926
  7,410
  7,914
  8,438
  8,983
  9,552
  10,144
  10,762
  11,406
  12,079
Total liabilities, $m
  836
  991
  1,167
  1,360
  1,568
  1,793
  2,033
  2,288
  2,558
  2,842
  3,140
  3,453
  3,779
  4,120
  4,474
  4,843
  5,227
  5,626
  6,041
  6,471
  6,919
  7,384
  7,868
  8,372
  8,896
  9,441
  10,010
  10,602
  11,220
  11,864
  12,537
Total equity, $m
  1,196
  644
  759
  884
  1,020
  1,166
  1,322
  1,487
  1,663
  1,848
  2,042
  2,245
  2,457
  2,678
  2,909
  3,149
  3,399
  3,658
  3,927
  4,207
  4,499
  4,801
  5,116
  5,443
  5,784
  6,138
  6,508
  6,893
  7,295
  7,714
  8,151
Total liabilities and equity, $m
  2,032
  1,635
  1,926
  2,244
  2,588
  2,959
  3,355
  3,775
  4,221
  4,690
  5,182
  5,698
  6,236
  6,798
  7,383
  7,992
  8,626
  9,284
  9,968
  10,678
  11,418
  12,185
  12,984
  13,815
  14,680
  15,579
  16,518
  17,495
  18,515
  19,578
  20,688
Debt-to-equity ratio
  0.315
  0.830
  0.930
  1.020
  1.090
  1.150
  1.190
  1.230
  1.260
  1.290
  1.310
  1.330
  1.350
  1.370
  1.380
  1.390
  1.400
  1.410
  1.420
  1.430
  1.440
  1.440
  1.450
  1.450
  1.460
  1.460
  1.470
  1.470
  1.480
  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
  302
  523
  767
  1,032
  1,320
  1,628
  1,957
  2,305
  2,674
  3,061
  3,469
  3,894
  4,338
  4,802
  5,284
  5,787
  6,310
  6,854
  7,420
  8,009
  8,621
  9,259
  9,923
  10,615
  11,336
  12,089
  12,873
  13,693
  14,548
  15,443
Depreciation, amort., depletion, $m
  113
  134
  158
  184
  212
  242
  274
  308
  345
  383
  423
  464
  508
  553
  601
  651
  702
  756
  811
  869
  929
  992
  1,057
  1,125
  1,195
  1,268
  1,345
  1,424
  1,507
  1,594
  1,684
Funds from operations, $m
  390
  436
  681
  950
  1,244
  1,561
  1,902
  2,265
  2,650
  3,056
  3,484
  3,932
  4,402
  4,892
  5,403
  5,935
  6,489
  7,066
  7,665
  8,289
  8,938
  9,613
  10,316
  11,048
  11,810
  12,605
  13,433
  14,297
  15,200
  16,142
  17,126
Change in working capital, $m
  48
  25
  28
  31
  33
  36
  38
  40
  43
  45
  47
  50
  52
  54
  56
  58
  61
  63
  66
  68
  71
  74
  77
  80
  83
  86
  90
  94
  98
  102
  107
Cash from operations, $m
  342
  411
  653
  920
  1,211
  1,526
  1,864
  2,224
  2,607
  3,011
  3,437
  3,883
  4,350
  4,838
  5,346
  5,877
  6,428
  7,002
  7,600
  8,221
  8,867
  9,539
  10,239
  10,968
  11,727
  12,518
  13,343
  14,204
  15,102
  16,040
  17,020
Maintenance CAPEX, $m
  0
  -112
  -133
  -157
  -183
  -211
  -241
  -273
  -307
  -344
  -382
  -422
  -464
  -508
  -553
  -601
  -651
  -702
  -756
  -811
  -869
  -929
  -992
  -1,057
  -1,125
  -1,195
  -1,268
  -1,345
  -1,424
  -1,507
  -1,594
New CAPEX, $m
  -125
  -178
  -196
  -215
  -233
  -250
  -268
  -284
  -301
  -317
  -333
  -348
  -364
  -380
  -395
  -411
  -428
  -445
  -462
  -480
  -499
  -519
  -540
  -561
  -584
  -608
  -634
  -660
  -689
  -718
  -750
Cash from investing activities, $m
  286
  -290
  -329
  -372
  -416
  -461
  -509
  -557
  -608
  -661
  -715
  -770
  -828
  -888
  -948
  -1,012
  -1,079
  -1,147
  -1,218
  -1,291
  -1,368
  -1,448
  -1,532
  -1,618
  -1,709
  -1,803
  -1,902
  -2,005
  -2,113
  -2,225
  -2,344
Free cash flow, $m
  628
  121
  323
  548
  796
  1,065
  1,356
  1,667
  1,999
  2,351
  2,722
  3,113
  3,522
  3,950
  4,398
  4,864
  5,350
  5,856
  6,382
  6,929
  7,499
  8,091
  8,708
  9,350
  10,018
  10,715
  11,441
  12,199
  12,989
  13,814
  14,676
Issuance/(repayment) of debt, $m
  -393
  159
  176
  193
  209
  225
  240
  255
  270
  284
  298
  312
  326
  341
  355
  369
  384
  399
  415
  431
  448
  465
  484
  503
  524
  546
  568
  592
  618
  644
  673
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
  159
  176
  193
  209
  225
  240
  255
  270
  284
  298
  312
  326
  341
  355
  369
  384
  399
  415
  431
  448
  465
  484
  503
  524
  546
  568
  592
  618
  644
  673
Total cash flow (excl. dividends), $m
  225
  280
  499
  741
  1,004
  1,289
  1,595
  1,922
  2,269
  2,635
  3,021
  3,425
  3,849
  4,291
  4,752
  5,233
  5,734
  6,255
  6,796
  7,360
  7,946
  8,557
  9,192
  9,853
  10,542
  11,261
  12,010
  12,791
  13,607
  14,459
  15,349
Retained Cash Flow (-), $m
  -179
  -104
  -115
  -125
  -136
  -146
  -156
  -166
  -175
  -185
  -194
  -203
  -212
  -221
  -231
  -240
  -250
  -259
  -270
  -280
  -291
  -303
  -315
  -327
  -341
  -355
  -369
  -385
  -402
  -419
  -437
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
 
  831
  385
  616
  869
  1,143
  1,439
  1,756
  2,093
  2,450
  2,827
  3,222
  3,636
  4,070
  4,522
  4,993
  5,484
  5,995
  6,527
  7,080
  7,655
  8,254
  8,877
  9,526
  10,202
  10,906
  11,640
  12,406
  13,205
  14,040
  14,912
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
 
  797
  352
  536
  715
  886
  1,045
  1,187
  1,308
  1,408
  1,482
  1,530
  1,552
  1,547
  1,518
  1,466
  1,394
  1,304
  1,202
  1,090
  973
  854
  737
  624
  520
  424
  340
  266
  204
  153
  112
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 is a manufacturer of building products. The Company's products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories, and CanExel siding and accessories and other related products. The Engineered Wood Products (EWP) segment manufactures and distributes laminated veneer lumber, I-Joists, laminated strand lumber and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its engineered I-joists are used in residential and commercial flooring, and roofing systems and other structural applications.

FINANCIAL RATIOS  of  Louisiana-Pacific (LPX)

Valuation Ratios
P/E Ratio 25.5
Price to Sales 1.7
Price to Book 3.2
Price to Tangible Book
Price to Cash Flow 11.2
Price to Free Cash Flow 17.6
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 19.2% 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 144.713 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 $3.8 billion.

RELATED COMPANIES Price Int.Val. Rating
UFPI Universal Fore 37.53 156.09  buy
BCC Boise Cascade 39.15 18.25  sell
DEL Deltic Timber 91.15 5.13  str.sell
WY Weyerhaeuser 35.63 9.22  str.sell
PCH Potlatch REIT 51.55 18.71  str.sell

COMPANY NEWS

▶ Louisiana-Pacific misses 3Q profit forecasts   [Nov-06-17 07:26AM  Associated Press]
▶ LP Reports Third Quarter 2017 Results   [06:55AM  Business Wire]
▶ LP Acquires International Barrier Technology Inc.   [Oct-13-17 04:00PM  Business Wire]
▶ Update Regarding International Barrier Plan of Arrangement   [Oct-11-17 03:55PM  GlobeNewswire]
▶ LP Commits $1 Million for Hurricane Harvey Relief   [Sep-05-17 05:00PM  Business Wire]
▶ Louisiana-Pacific misses 2Q profit forecasts   [Aug-01-17 09:32PM  Associated Press]
▶ LP Reports Second Quarter 2017 Results   [06:55AM  Business Wire]
▶ LP to Acquire International Barrier Technology Inc.   [Jul-31-17 06:59PM  Business Wire]
▶ Yahoo Finance Live: Midday Movers   [09:40AM  Yahoo Finance Video]
▶ Building Products Stock With 371% Growth May Craft New Breakout   [Jul-12-17 04:18PM  Investor's Business Daily]
▶ LP Schedules Webcast to Discuss Second Quarter 2017 Results   [Jul-11-17 06:55AM  Business Wire]
▶ 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]
Financial statements 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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.