Financials Louisiana-Pacific Corporation

Equities

LPX

US5463471053

Forest & Wood Products

Market Closed - Nyse Other stock markets 04:00:02 2024-05-13 pm EDT			5-day change	1st Jan Change
88.14 ^USD	+1.02%		+19.61%	+24.44%

May. 09	BMO Capital Adjusts Louisiana-Pacific's Price Target to $99 From $83, Keeps Outperform Rating	MT
May. 09	Seaport Downgrades Louisiana-Pacific to Neutral From Buy After Stock Jumps on Better-Than-Expected Q1 Results	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,485	4,064	6,894	4,244	5,108	6,317	-	-
Enterprise Value (EV) ¹	3,652	3,877	6,869	4,207	5,233	6,337	6,100	5,688
P/E ratio	-742 x	8.33 x	5.56 x	4.27 x	28.8 x	15.4 x	16.5 x	14.8 x
Yield	1.82%	1.56%	0.94%	1.52%	1.38%	1.18%	1.22%	1.36%
Capitalization / Revenue	1.51 x	1.46 x	1.51 x	1.1 x	1.98 x	2.13 x	2.09 x	1.96 x
EV / Revenue	1.58 x	1.39 x	1.51 x	1.09 x	2.03 x	2.13 x	2.02 x	1.77 x
EV / EBITDA	17.5 x	4.96 x	3.48 x	3.03 x	10.9 x	9.3 x	9.49 x	8.33 x
EV / FCF	-913 x	6.66 x	5.58 x	5.76 x	327 x	18.9 x	29.7 x	34.7 x
FCF Yield	-0.11%	15%	17.9%	17.4%	0.31%	5.28%	3.37%	2.88%
Price to Book	3.35 x	3.2 x	6.15 x	3.22 x	3.28 x	3.52 x	2.85 x	-
Nbr of stocks (in thousands)	117,453	109,324	87,989	71,695	72,115	71,672	-	-
Reference price ²	29.67	37.17	78.35	59.20	70.83	88.14	88.14	88.14
Announcement Date	2/11/20	2/16/21	2/22/22	2/21/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,310	2,788	4,553	3,854	2,581	2,971	3,019	3,222
EBITDA ¹	209	781	1,972	1,389	478	681.8	642.7	683.1
EBIT ¹	73	656	1,829	1,234	336	548.9	516.9	545.6
Operating Margin	3.16%	23.53%	40.17%	32.02%	13.02%	18.48%	17.12%	16.93%
Earnings before Tax (EBT) ¹	-23	621	1,795	1,155	248	539.1	524.4	537
Net income ¹	-5	499	1,377	1,086	178	409	387.6	408.3
Net margin	-0.22%	17.9%	30.24%	28.18%	6.9%	13.77%	12.84%	12.67%
EPS ²	-0.0400	4.460	14.09	13.87	2.460	5.730	5.353	5.947
Free Cash Flow ¹	-4	582	1,230	730	16	334.7	205.5	164
FCF margin	-0.17%	20.88%	27.02%	18.94%	0.62%	11.27%	6.81%	5.09%
FCF Conversion (EBITDA)	-	74.52%	62.37%	52.56%	3.35%	49.1%	31.97%	24.01%
FCF Conversion (Net income)	-	116.63%	89.32%	67.22%	8.99%	81.83%	53.01%	40.16%
Dividend per Share ²	0.5400	0.5800	0.7400	0.9000	0.9800	1.040	1.078	1.200
Announcement Date	2/11/20	2/16/21	2/22/22	2/21/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	992	1,337	1,130	852	705	584	611	728	658	724	810.9	755.4	693.7	728.1	787.8
EBITDA ¹	305	636	491	200	100	66	93	190	129	182	230.6	159.5	118.4	151.9	163.2
EBIT ¹	263	596	451	165	60	35	53	156	93	145	194.7	121.9	85.6	112.2	130.9
Operating Margin	26.51%	44.58%	39.91%	19.37%	8.51%	5.99%	8.67%	21.43%	14.13%	20.03%	24.01%	16.14%	12.34%	15.41%	16.62%
Earnings before Tax (EBT) ¹	250	621	463	172	-23	23	-1	160	65	148	197.2	119.7	84.16	114.7	131.2
Net income ¹	194	484	384	226	-8	21	-20	118	59	108	147	94.08	64.25	86	98.44
Net margin	19.56%	36.2%	33.98%	26.53%	-1.13%	3.6%	-3.27%	16.21%	8.97%	14.92%	18.12%	12.45%	9.26%	11.81%	12.5%
EPS ²	2.200	5.600	4.730	3.050	-0.1100	0.2900	-0.2800	1.630	0.8100	1.480	2.028	1.255	0.8600	1.195	1.502
Dividend per Share ²	0.2200	0.2200	0.2200	0.2200	0.2400	0.2400	0.2400	0.2400	0.2600	-	0.2600	0.2600	0.2600	-	-
Announcement Date	2/22/22	5/3/22	8/9/22	11/1/22	2/21/23	5/3/23	8/2/23	11/1/23	2/14/24	5/8/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	167	-	-	-	125	20.3	-	-
Net Cash position ¹	-	187	25	37	-	-	217	629
Leverage (Debt/EBITDA)	0.799 x	-	-	-	0.2615 x	0.0298 x	-	-
Free Cash Flow ¹	-4	582	1,230	730	16	335	205	164
ROE (net income / shareholders' equity)	3.34%	43.3%	111%	64.3%	11.9%	23.7%	20.4%	18.7%
ROA (Net income/ Total Assets)	2.07%	25.5%	63.8%	39.2%	7.44%	15.4%	12.9%	13.6%
Assets ¹	-241.6	1,961	2,159	2,768	2,393	2,656	3,005	3,002
Book Value Per Share ²	8.850	11.60	12.70	18.40	21.60	25.10	30.90	-
Cash Flow per Share ²	1.290	5.880	15.10	14.70	4.390	11.50	6.080	-
Capex ¹	163	77	254	414	300	210	264	270
Capex / Sales	7.06%	2.76%	5.58%	10.74%	11.62%	7.08%	8.73%	8.38%
Announcement Date	2/11/20	2/16/21	2/22/22	2/21/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Louisiana-Pacific Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

88.14 USD

Average target price

88.9 USD

Spread / Average Target

+0.86%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Wood Products

	1st Jan change	Capi.
LOUISIANA-PACIFIC CORPORATION	+24.44%	6.32B
STELLA-JONES INC.	+4.29%	3.33B
CENTURY PLYBOARDS (INDIA) LIMITED	-14.32%	1.76B
DEHUA TB NEW DECORATION MATERIAL CO.,LTD	+29.68%	1.32B
DEXCO S.A.	-6.82%	1.18B
OENEO	-14.73%	761M
DONGWHA ENTERPRISE CO.,LTD	-21.32%	643M
STEICO SE	+11.29%	569M
DARE POWER DEKOR HOME CO.,LTD.	-12.25%	531M
GREENPANEL INDUSTRIES LIMITED	-31.14%	433M

Wood Products