Intrinsic value of International Paper - IP

Previous Close

$44.26

  Intrinsic Value

$21.93

stock screener

  Rating & Target

str. sell

-50%

Previous close

$44.26

 
Intrinsic value

$21.93

 
Up/down potential

-50%

 
Rating

str. sell

We calculate the intrinsic value of IP 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 0001), $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 18.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.40
  8.06
  7.75
  7.48
  7.23
  7.01
  6.81
  6.63
  6.46
  6.32
  6.19
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.20
  5.18
  5.16
Revenue, $m
  23,569
  25,469
  27,444
  29,496
  31,629
  33,846
  36,150
  38,545
  41,036
  43,629
  46,327
  49,138
  52,067
  55,120
  58,305
  61,628
  65,098
  68,722
  72,509
  76,467
  80,606
  84,937
  89,468
  94,211
  99,177
  104,378
  109,826
  115,534
  121,517
  127,787
Variable operating expenses, $m
  21,867
  23,602
  25,406
  27,281
  29,228
  31,253
  33,357
  35,545
  37,820
  40,188
  42,311
  44,878
  47,553
  50,342
  53,250
  56,286
  59,455
  62,764
  66,223
  69,838
  73,619
  77,574
  81,712
  86,044
  90,579
  95,330
  100,305
  105,519
  110,983
  116,710
Fixed operating expenses, $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
Total operating expenses, $m
  21,867
  23,602
  25,406
  27,281
  29,228
  31,253
  33,357
  35,545
  37,820
  40,188
  42,311
  44,878
  47,553
  50,342
  53,250
  56,286
  59,455
  62,764
  66,223
  69,838
  73,619
  77,574
  81,712
  86,044
  90,579
  95,330
  100,305
  105,519
  110,983
  116,710
Operating income, $m
  1,702
  1,867
  2,038
  2,216
  2,401
  2,593
  2,793
  3,000
  3,216
  3,441
  4,016
  4,260
  4,514
  4,778
  5,054
  5,342
  5,643
  5,957
  6,286
  6,629
  6,988
  7,363
  7,756
  8,167
  8,597
  9,048
  9,521
  10,015
  10,534
  11,078
EBITDA, $m
  3,436
  3,712
  4,000
  4,299
  4,610
  4,933
  5,269
  5,618
  5,982
  6,359
  6,753
  7,163
  7,589
  8,034
  8,499
  8,983
  9,489
  10,017
  10,569
  11,146
  11,749
  12,381
  13,041
  13,732
  14,456
  15,214
  16,009
  16,841
  17,713
  18,627
Interest expense (income), $m
  682
  942
  1,068
  1,197
  1,332
  1,471
  1,617
  1,767
  1,924
  2,087
  2,257
  2,433
  2,617
  2,808
  3,008
  3,216
  3,432
  3,659
  3,895
  4,141
  4,399
  4,669
  4,950
  5,245
  5,554
  5,876
  6,214
  6,568
  6,939
  7,328
  7,735
Earnings before tax, $m
  760
  799
  841
  884
  929
  976
  1,025
  1,076
  1,129
  1,184
  1,583
  1,643
  1,705
  1,771
  1,839
  1,910
  1,985
  2,063
  2,144
  2,230
  2,319
  2,413
  2,511
  2,613
  2,721
  2,834
  2,952
  3,076
  3,206
  3,342
Tax expense, $m
  205
  216
  227
  239
  251
  264
  277
  291
  305
  320
  427
  444
  460
  478
  496
  516
  536
  557
  579
  602
  626
  651
  678
  706
  735
  765
  797
  831
  866
  902
Net income, $m
  555
  583
  614
  645
  678
  713
  748
  785
  824
  864
  1,155
  1,199
  1,245
  1,292
  1,342
  1,394
  1,449
  1,506
  1,565
  1,628
  1,693
  1,761
  1,833
  1,908
  1,986
  2,069
  2,155
  2,246
  2,340
  2,440

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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
Total assets, $m
  36,770
  39,733
  42,814
  46,016
  49,344
  52,801
  56,396
  60,132
  64,019
  68,063
  72,273
  76,658
  81,227
  85,991
  90,959
  96,144
  101,557
  107,210
  113,118
  119,293
  125,751
  132,506
  139,575
  146,975
  154,722
  162,836
  171,335
  180,241
  189,574
  199,356
Adjusted assets (=assets-cash), $m
  36,770
  39,733
  42,814
  46,016
  49,344
  52,801
  56,396
  60,132
  64,019
  68,063
  72,273
  76,658
  81,227
  85,991
  90,959
  96,144
  101,557
  107,210
  113,118
  119,293
  125,751
  132,506
  139,575
  146,975
  154,722
  162,836
  171,335
  180,241
  189,574
  199,356
Revenue / Adjusted assets
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
  0.641
Average production assets, $m
  16,569
  17,905
  19,293
  20,736
  22,235
  23,794
  25,413
  27,097
  28,848
  30,671
  32,568
  34,544
  36,603
  38,749
  40,988
  43,325
  45,764
  48,311
  50,974
  53,756
  56,666
  59,710
  62,896
  66,230
  69,721
  73,378
  77,208
  81,221
  85,426
  89,834
Working capital, $m
  2,687
  2,903
  3,129
  3,363
  3,606
  3,858
  4,121
  4,394
  4,678
  4,974
  5,281
  5,602
  5,936
  6,284
  6,647
  7,026
  7,421
  7,834
  8,266
  8,717
  9,189
  9,683
  10,199
  10,740
  11,306
  11,899
  12,520
  13,171
  13,853
  14,568
Total debt, $m
  19,777
  22,172
  24,661
  27,248
  29,937
  32,731
  35,635
  38,654
  41,794
  45,062
  48,464
  52,007
  55,699
  59,547
  63,562
  67,751
  72,125
  76,693
  81,466
  86,456
  91,674
  97,132
  102,844
  108,823
  115,083
  121,638
  128,506
  135,702
  143,243
  151,147
Total liabilities, $m
  29,710
  32,105
  34,594
  37,181
  39,870
  42,664
  45,568
  48,587
  51,727
  54,995
  58,397
  61,940
  65,632
  69,480
  73,495
  77,684
  82,058
  86,626
  91,399
  96,389
  101,607
  107,065
  112,777
  118,756
  125,016
  131,571
  138,439
  145,635
  153,176
  161,080
Total equity, $m
  7,060
  7,629
  8,220
  8,835
  9,474
  10,138
  10,828
  11,545
  12,292
  13,068
  13,876
  14,718
  15,596
  16,510
  17,464
  18,460
  19,499
  20,584
  21,719
  22,904
  24,144
  25,441
  26,798
  28,219
  29,707
  31,264
  32,896
  34,606
  36,398
  38,276
Total liabilities and equity, $m
  36,770
  39,734
  42,814
  46,016
  49,344
  52,802
  56,396
  60,132
  64,019
  68,063
  72,273
  76,658
  81,228
  85,990
  90,959
  96,144
  101,557
  107,210
  113,118
  119,293
  125,751
  132,506
  139,575
  146,975
  154,723
  162,835
  171,335
  180,241
  189,574
  199,356
Debt-to-equity ratio
  2.800
  2.910
  3.000
  3.080
  3.160
  3.230
  3.290
  3.350
  3.400
  3.450
  3.490
  3.530
  3.570
  3.610
  3.640
  3.670
  3.700
  3.730
  3.750
  3.770
  3.800
  3.820
  3.840
  3.860
  3.870
  3.890
  3.910
  3.920
  3.940
  3.950
Adjusted equity ratio
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192
  0.192

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  555
  583
  614
  645
  678
  713
  748
  785
  824
  864
  1,155
  1,199
  1,245
  1,292
  1,342
  1,394
  1,449
  1,506
  1,565
  1,628
  1,693
  1,761
  1,833
  1,908
  1,986
  2,069
  2,155
  2,246
  2,340
  2,440
Depreciation, amort., depletion, $m
  1,733
  1,846
  1,962
  2,084
  2,210
  2,341
  2,477
  2,618
  2,765
  2,918
  2,737
  2,903
  3,076
  3,256
  3,444
  3,641
  3,846
  4,060
  4,283
  4,517
  4,762
  5,018
  5,285
  5,566
  5,859
  6,166
  6,488
  6,825
  7,179
  7,549
Funds from operations, $m
  2,288
  2,429
  2,576
  2,729
  2,888
  3,053
  3,225
  3,404
  3,589
  3,783
  3,892
  4,102
  4,321
  4,549
  4,787
  5,035
  5,294
  5,565
  5,849
  6,145
  6,455
  6,779
  7,118
  7,473
  7,845
  8,235
  8,643
  9,071
  9,519
  9,989
Change in working capital, $m
  208
  217
  225
  234
  243
  253
  263
  273
  284
  296
  308
  320
  334
  348
  363
  379
  396
  413
  432
  451
  472
  494
  517
  541
  566
  593
  621
  651
  682
  715
Cash from operations, $m
  2,080
  2,212
  2,351
  2,495
  2,645
  2,801
  2,962
  3,131
  3,305
  3,487
  3,585
  3,782
  3,987
  4,201
  4,424
  4,656
  4,899
  5,152
  5,417
  5,694
  5,983
  6,285
  6,602
  6,933
  7,279
  7,642
  8,022
  8,420
  8,837
  9,274
Maintenance CAPEX, $m
  -1,284
  -1,392
  -1,505
  -1,621
  -1,743
  -1,869
  -1,999
  -2,136
  -2,277
  -2,424
  -2,577
  -2,737
  -2,903
  -3,076
  -3,256
  -3,444
  -3,641
  -3,846
  -4,060
  -4,283
  -4,517
  -4,762
  -5,018
  -5,285
  -5,566
  -5,859
  -6,166
  -6,488
  -6,825
  -7,179
New CAPEX, $m
  -1,290
  -1,335
  -1,388
  -1,443
  -1,499
  -1,558
  -1,620
  -1,684
  -1,751
  -1,822
  -1,897
  -1,976
  -2,059
  -2,146
  -2,239
  -2,336
  -2,439
  -2,548
  -2,662
  -2,783
  -2,910
  -3,044
  -3,185
  -3,334
  -3,491
  -3,656
  -3,830
  -4,013
  -4,206
  -4,408
Cash from investing activities, $m
  -2,574
  -2,727
  -2,893
  -3,064
  -3,242
  -3,427
  -3,619
  -3,820
  -4,028
  -4,246
  -4,474
  -4,713
  -4,962
  -5,222
  -5,495
  -5,780
  -6,080
  -6,394
  -6,722
  -7,066
  -7,427
  -7,806
  -8,203
  -8,619
  -9,057
  -9,515
  -9,996
  -10,501
  -11,031
  -11,587
Free cash flow, $m
  -494
  -516
  -542
  -569
  -597
  -626
  -657
  -689
  -723
  -759
  -890
  -931
  -975
  -1,022
  -1,071
  -1,125
  -1,181
  -1,241
  -1,305
  -1,373
  -1,445
  -1,521
  -1,602
  -1,687
  -1,778
  -1,873
  -1,974
  -2,081
  -2,194
  -2,312
Issuance/(repayment) of debt, $m
  2,329
  2,395
  2,489
  2,587
  2,688
  2,794
  2,904
  3,019
  3,140
  3,268
  3,402
  3,543
  3,692
  3,849
  4,014
  4,189
  4,374
  4,568
  4,773
  4,990
  5,218
  5,458
  5,712
  5,979
  6,260
  6,556
  6,868
  7,196
  7,541
  7,904
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
Cash from financing (excl. dividends), $m  
  2,329
  2,395
  2,489
  2,587
  2,688
  2,794
  2,904
  3,019
  3,140
  3,268
  3,402
  3,543
  3,692
  3,849
  4,014
  4,189
  4,374
  4,568
  4,773
  4,990
  5,218
  5,458
  5,712
  5,979
  6,260
  6,556
  6,868
  7,196
  7,541
  7,904
Total cash flow (excl. dividends), $m
  1,835
  1,879
  1,947
  2,018
  2,092
  2,168
  2,247
  2,330
  2,417
  2,508
  2,512
  2,612
  2,717
  2,827
  2,943
  3,065
  3,193
  3,327
  3,469
  3,617
  3,773
  3,938
  4,110
  4,292
  4,482
  4,683
  4,893
  5,115
  5,347
  5,592
Retained Cash Flow (-), $m
  -538
  -569
  -592
  -615
  -639
  -664
  -690
  -717
  -746
  -776
  -808
  -842
  -877
  -915
  -954
  -995
  -1,039
  -1,086
  -1,134
  -1,186
  -1,240
  -1,297
  -1,357
  -1,421
  -1,487
  -1,558
  -1,632
  -1,710
  -1,792
  -1,878
Prev. year cash balance distribution, $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 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
  1,298
  1,310
  1,356
  1,403
  1,453
  1,504
  1,557
  1,613
  1,671
  1,732
  1,703
  1,770
  1,840
  1,913
  1,989
  2,069
  2,153
  2,242
  2,334
  2,431
  2,533
  2,641
  2,753
  2,871
  2,995
  3,125
  3,261
  3,405
  3,555
  3,713
Discount rate, %
  10.40
  10.92
  11.47
  12.04
  12.64
  13.27
  13.94
  14.63
  15.37
  16.13
  16.94
  17.79
  18.68
  19.61
  20.59
  21.62
  22.70
  23.84
  25.03
  26.28
  27.59
  28.97
  30.42
  31.94
  33.54
  35.22
  36.98
  38.83
  40.77
  42.81
PV of cash for distribution, $m
  1,175
  1,065
  979
  891
  801
  712
  625
  541
  462
  388
  305
  248
  199
  156
  120
  90
  66
  48
  33
  23
  15
  10
  6
  4
  2
  1
  1
  0
  0
  0
Current shareholders' claim on cash, %
  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

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company's segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging. The Company is a manufacturer of containerboard in the United States. Its products include linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft. The Company's cellulose fibers product portfolio includes fluff, market and specialty pulps. The Company is a producer of printing and writing papers. The products in Printing Papers segment include uncoated papers. The Company is a producer of solid bleached sulfate board. As of December 31, 2016, the Company operated 29 pulp, paper and packaging mills, 170 converting and packaging plants, 16 recycling plants and three bag facilities in the United States.

FINANCIAL RATIOS  of  International Paper (IP)

Valuation Ratios
P/E Ratio 22
Price to Sales 0.9
Price to Book 4.6
Price to Tangible Book
Price to Cash Flow 8
Price to Free Cash Flow 17.6
Growth Rates
Sales Growth Rate -5.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -20%
Cap. Spend. - 3 Yr. Gr. Rate 2.4%
Financial Strength
Quick Ratio 4
Current Ratio 0
LT Debt to Equity 255.1%
Total Debt to Equity 260.6%
Interest Coverage 2
Management Effectiveness
Return On Assets 4.4%
Ret/ On Assets - 3 Yr. Avg. 4.3%
Return On Total Capital 6.3%
Ret/ On T. Cap. - 3 Yr. Avg. 5.5%
Return On Equity 22%
Return On Equity - 3 Yr. Avg. 17.1%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 28.1%
Gross Margin - 3 Yr. Avg. 30%
EBITDA Margin 13.6%
EBITDA Margin - 3 Yr. Avg. 13.6%
Operating Margin 7%
Oper. Margin - 3 Yr. Avg. 7.4%
Pre-Tax Margin 4.5%
Pre-Tax Margin - 3 Yr. Avg. 4.6%
Net Profit Margin 4.3%
Net Profit Margin - 3 Yr. Avg. 3.6%
Effective Tax Rate 25.8%
Eff/ Tax Rate - 3 Yr. Avg. 25.6%
Payout Ratio 81.1%

IP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the IP stock intrinsic value calculation we used $21743 million for the last fiscal year's total revenue generated by International Paper. The default revenue input number comes from 0001 income statement of International Paper. 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 IP stock valuation model: a) initial revenue growth rate of 8.4% 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 10.4%, whose default value for IP is calculated based on our internal credit rating of International Paper, 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 International Paper.
    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 IP stock the variable cost ratio is equal to 92.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for IP 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 5.4% for International Paper.

Corporate tax rate of 27% is the nominal tax rate for International Paper. 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 IP 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 IP are equal to 70.3%.

Life of production assets of 11.9 years is the average useful life of capital assets used in International Paper 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 IP is equal to 11.4%. 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 - $6522 million for International Paper - 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 408.878 million for International Paper 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 International Paper at the current share price and the inputted number of shares is $18.1 billion.

RELATED COMPANIES Price Int.Val. Rating
WRK WestRock 44.41 196.20  str.buy
KS KapStone Paper 35.00 19.46  sell
PKG Packaging of A 93.47 119.71  hold
CLW Clearwater Pap 28.00 45.14  buy
UFS Domtar 39.82 7.35  str.sell

COMPANY NEWS

▶ Hedge Funds Are Betting On International Paper Company (IP)   [Dec-09-18 08:00PM  Insider Monkey]
▶ IP makes million-dollar gift to U of M   [Nov-27-18 03:31PM  American City Business Journals]
▶ Trade Gloom Hits Materials Midday   [02:20PM  Investing.com]
▶ 2 Top Stocks Affected by the Trade War to Buy Now   [Nov-10-18 10:08AM  Motley Fool]
▶ 3 High Forward Dividend Stocks   [10:48AM  GuruFocus.com]
▶ Pensions, tariffs, share buybacks: MBJ goes one-on-one with IP's CEO   [03:25PM  American City Business Journals]
▶ International Paper: 3Q Earnings Snapshot   [07:49AM  Associated Press]
▶ Resignations and retirements: Memphis' year of public company turnover   [Oct-19-18 06:00AM  American City Business Journals]
▶ Who makes what: Big bucks paid to Memphis' top company execs   [Oct-16-18 12:14PM  American City Business Journals]
▶ [$$] Companies With Newly Flush Pensions See Chance to Unload the Risk   [Oct-15-18 07:56PM  The Wall Street Journal]
▶ IP authorizes $2B share repurchase program   [Oct-10-18 12:08PM  American City Business Journals]
▶ Stock Market News Daily Roundup October 10   [07:36AM  Market Exclusive]
▶ After-hours buzz: NIO, PPG & more   [Oct-09-18 04:58PM  CNBC]
▶ [$$] International Paper Plans Share Buyback   [04:33PM  The Wall Street Journal]
▶ International Paper hikes dividend   [04:27PM  MarketWatch]
▶ International Paper offloads $1.6B in pension risk   [Oct-02-18 03:48PM  American City Business Journals]
▶ Converted office finds new life following unconventional reno   [Sep-17-18 02:42PM  American City Business Journals]
▶ IP makes $500K donation to literacy programs   [Sep-07-18 02:23PM  American City Business Journals]
▶ Now's the Time to Buy These 3 Stocks   [Aug-24-18 06:04AM  Motley Fool]
▶ 52-Week Company Lows   [Aug-23-18 11:36AM  GuruFocus.com]
▶ Construction: IP tower to get $8M overhaul   [Aug-20-18 12:26PM  American City Business Journals]
▶ Who Owns International Paper Company (NYSE:IP)?   [09:36AM  Simply Wall St.]
▶ IP continues multimillion-dollar commitment to forest, wetlands   [Aug-01-18 02:59PM  American City Business Journals]
▶ IP reports 'best second quarter in more than a decade'   [03:22PM  American City Business Journals]
▶ International Paper: 2Q Earnings Snapshot   [07:17AM  Associated Press]
▶ International Paper Declares Dividend   [Jul-10-18 04:15PM  PR Newswire]
▶ Top Ranked Growth Stocks to Buy for July 9th   [Jul-09-18 09:57AM  Zacks]
▶ 3 Top Stocks to Buy in July   [Jul-08-18 09:00AM  Motley Fool]

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