Louisiana-Pacific
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. The last earnings update was 71 days ago. More info.
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LPX Share Price and Events
7 Day Returns
1 Year Returns
LPX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Louisiana-Pacific (LPX) | -1.7% | 0.4% | 1.2% | -16.3% | 43% | 45.3% |
| US Forestry | 0.5% | 2% | 1.6% | -4.8% | 17.6% | 2.7% |
| US Market | 0.9% | 4.6% | 10.9% | 9.6% | 39% | 47.2% |
1 Year Return vs Industry and Market
- LPX underperformed the Forestry industry which returned -4.8% over the past year.
- LPX underperformed the Market in United States of America which returned 9.6% over the past year.
LPX Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Louisiana-Pacific
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Louisiana-Pacific.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 8 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Forestry Unlevered Beta | Simply Wall St/ S&P Global | 1.56 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.557 (1 + (1- 21%) (11.73%)) |
1.47 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.47 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.47 * 5.96%) |
11.49% |
Discounted Cash Flow Calculation for NYSE:LPX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Louisiana-Pacific is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 11.49%) |
|
|---|---|---|---|
| 2019 | 173.56 | Analyst x5 | 155.67 |
| 2020 | 238.14 | Analyst x5 | 191.58 |
| 2021 | 217.60 | Est @ -8.63% | 157.01 |
| 2022 | 206.24 | Est @ -5.22% | 133.48 |
| 2023 | 200.40 | Est @ -2.83% | 116.33 |
| 2024 | 198.06 | Est @ -1.16% | 103.12 |
| 2025 | 198.07 | Est @ 0% | 92.49 |
| 2026 | 199.70 | Est @ 0.82% | 83.64 |
| 2027 | 202.48 | Est @ 1.39% | 76.07 |
| 2028 | 206.12 | Est @ 1.79% | 69.45 |
| Present value of next 10 years cash flows | $1,178.83 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $206.12 × (1 + 2.73%) ÷ (11.49% – 2.73%) |
$2,416.61 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,416.61 ÷ (1 + 11.49%)10 |
$814.27 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,178.83 + $814.27 |
$1,993.11 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,993.11 / 123.44 |
$16.15 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $16.15 |
| Current discount | Discount to share price of
$24.31
= -1 x ($24.31 - $16.15) / $16.15 |
-50.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Louisiana-Pacific is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Louisiana-Pacific's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Louisiana-Pacific's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.79 |
| NYSE:LPX Share Price ** | NYSE (2019-04-25) in USD | $24.31 |
| United States of America Forestry Industry PE Ratio | Median Figure of 10 Publicly-Listed Forestry Companies | 9.23x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Louisiana-Pacific.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:LPX Share Price ÷ EPS (both in USD) = 24.31 ÷ 2.79 |
8.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Louisiana-Pacific is good value based on earnings compared to the US Forestry industry average.
- Louisiana-Pacific is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Louisiana-Pacific's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.72x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
-23.9%per year |
| United States of America Forestry Industry PEG Ratio | Median Figure of 8 Publicly-Listed Forestry Companies | 1.03x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.72x ÷ -23.9% |
-0.36x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Louisiana-Pacific earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Louisiana-Pacific's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $12.43 |
| NYSE:LPX Share Price * | NYSE (2019-04-25) in USD | $24.31 |
| United States of America Forestry Industry PB Ratio | Median Figure of 15 Publicly-Listed Forestry Companies | 1.21x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:LPX Share Price ÷ Book Value per Share (both in USD) = 24.31 ÷ 12.43 |
1.96x |
* Primary Listing of Louisiana-Pacific.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Louisiana-Pacific is overvalued based on assets compared to the US Forestry industry average.
Value checks
We assess Louisiana-Pacific's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check) Louisiana-Pacific has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
LPX Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Louisiana-Pacific's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Louisiana-Pacific's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Louisiana-Pacific's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:LPX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | -23.9% |
| NYSE:LPX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 0.9% |
| United States of America Forestry Industry Earnings Growth Rate | Market Cap Weighted Average | 9.3% |
| United States of America Forestry Industry Revenue Growth Rate | Market Cap Weighted Average | 2.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2,869 | 391 | 268 | 8 |
| 2019-12-31 | 2,659 | 338 | 194 | 8 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 2,828 | 511 | 399 |
| 2018-09-30 | 2,950 | 588 | 513 |
| 2018-06-30 | 2,931 | 580 | 499 |
| 2018-03-31 | 2,814 | 484 | 431 |
| 2017-12-31 | 2,734 | 474 | 391 |
| 2017-09-30 | 2,573 | 407 | 303 |
| 2017-06-30 | 2,451 | 400 | 258 |
| 2017-03-31 | 2,340 | 368 | 195 |
| 2016-12-31 | 2,233 | 342 | 150 |
| 2016-09-30 | 2,146 | 271 | 100 |
| 2016-06-30 | 2,015 | 136 | 10 |
| 2016-03-31 | 1,925 | 68 | -41 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
All data from Louisiana-Pacific Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.41 | 2.92 | 1.90 | 7.00 |
| 2019-12-31 | 1.56 | 1.91 | 1.33 | 7.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.79 |
| 2018-09-30 | 3.56 |
| 2018-06-30 | 3.45 |
| 2018-03-31 | 2.98 |
| 2017-12-31 | 2.71 |
| 2017-09-30 | 2.10 |
| 2017-06-30 | 1.79 |
| 2017-03-31 | 1.36 |
| 2016-12-31 | 1.05 |
| 2016-09-30 | 0.70 |
| 2016-06-30 | 0.07 |
| 2016-03-31 | -0.29 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Louisiana-Pacific's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Louisiana-Pacific has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
LPX Past Performance
How has Louisiana-Pacific performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Louisiana-Pacific has delivered over 20% year on year earnings growth in the past 5 years.
- Louisiana-Pacific's 1-year earnings growth is less than its 5-year average (2% vs 55.9%)
- Louisiana-Pacific's earnings growth has not exceeded the US Forestry industry average in the past year (2% vs 82.4%).
Earnings and Revenue History
All data from Louisiana-Pacific Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 2,828.00 | 398.80 | 210.40 | |
| 2018-09-30 | 2,949.50 | 512.70 | 195.70 | |
| 2018-06-30 | 2,931.00 | 499.40 | 195.20 | |
| 2018-03-31 | 2,814.30 | 431.00 | 192.30 | |
| 2017-12-31 | 2,733.90 | 391.10 | 197.50 | |
| 2017-09-30 | 2,573.30 | 303.00 | 197.90 | |
| 2017-06-30 | 2,451.40 | 257.80 | 190.70 | |
| 2017-03-31 | 2,339.70 | 195.00 | 190.00 | |
| 2016-12-31 | 2,233.40 | 150.30 | 188.10 | |
| 2016-09-30 | 2,146.30 | 100.20 | 173.70 | |
| 2016-06-30 | 2,014.80 | 10.00 | 165.00 | |
| 2016-03-31 | 1,925.40 | -41.20 | 156.40 | |
| 2015-12-31 | 1,892.50 | -86.00 | 152.80 | |
| 2015-09-30 | 1,883.10 | -121.60 | 155.70 | |
| 2015-06-30 | 1,936.30 | -115.30 | 149.30 | |
| 2015-03-31 | 1,961.80 | -93.70 | 147.30 | |
| 2014-12-31 | 1,934.80 | -73.40 | 149.50 | |
| 2014-09-30 | 1,961.00 | -49.50 | 155.30 | |
| 2014-06-30 | 1,950.30 | 6.20 | 156.80 | |
| 2014-03-31 | 1,998.80 | 98.20 | 155.90 | |
| 2013-12-31 | 2,085.20 | 177.40 | 150.20 | |
| 2013-09-30 | 2,059.40 | 245.10 | 139.90 | |
| 2013-06-30 | 2,014.10 | 238.70 | 137.00 | |
| 2013-03-31 | 1,860.80 | 105.70 | 132.30 | |
| 2012-12-31 | 1,691.20 | 29.50 | 128.40 | |
| 2012-09-30 | 1,549.50 | -75.90 | 120.40 | |
| 2012-06-30 | 1,438.00 | -166.20 | 116.40 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Louisiana-Pacific has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Louisiana-Pacific used its assets more efficiently than the US Forestry industry average last year based on Return on Assets.
- Louisiana-Pacific has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Louisiana-Pacific's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Louisiana-Pacific has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
LPX Health
How is Louisiana-Pacific's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Louisiana-Pacific's finances.
The net worth of a company is the difference between its assets and liabilities.
- Louisiana-Pacific is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Louisiana-Pacific's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Louisiana-Pacific Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,700.20 | 351.90 | 878.40 |
| 2018-09-30 | 1,811.40 | 353.80 | 986.70 |
| 2018-06-30 | 1,765.80 | 375.70 | 1,000.90 |
| 2018-03-31 | 1,672.40 | 376.20 | 895.70 |
| 2017-12-31 | 1,604.50 | 375.90 | 928.00 |
| 2017-09-30 | 1,465.30 | 375.50 | 848.70 |
| 2017-06-30 | 1,348.40 | 376.10 | 740.00 |
| 2017-03-31 | 1,254.10 | 376.20 | 649.50 |
| 2016-12-31 | 1,195.70 | 377.00 | 659.30 |
| 2016-09-30 | 1,152.80 | 832.40 | 559.70 |
| 2016-06-30 | 1,084.30 | 747.30 | 474.80 |
| 2016-03-31 | 1,051.80 | 753.90 | 404.20 |
| 2015-12-31 | 1,017.00 | 753.90 | 434.70 |
| 2015-09-30 | 1,023.10 | 753.90 | 447.70 |
| 2015-06-30 | 1,056.80 | 755.80 | 481.00 |
| 2015-03-31 | 1,075.10 | 760.10 | 468.30 |
| 2014-12-31 | 1,115.80 | 757.20 | 532.70 |
| 2014-09-30 | 1,191.70 | 761.50 | 579.90 |
| 2014-06-30 | 1,217.80 | 763.60 | 554.70 |
| 2014-03-31 | 1,211.70 | 763.50 | 551.70 |
| 2013-12-31 | 1,226.30 | 765.00 | 656.80 |
| 2013-09-30 | 1,223.80 | 765.60 | 669.50 |
| 2013-06-30 | 1,182.50 | 874.80 | 630.70 |
| 2013-03-31 | 1,092.90 | 880.10 | 560.50 |
| 2012-12-31 | 1,033.80 | 880.50 | 560.90 |
| 2012-09-30 | 992.90 | 891.10 | 490.50 |
| 2012-06-30 | 956.00 | 888.80 | 427.10 |
- Louisiana-Pacific's level of debt (20.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (62.4% vs 20.7% today).
- Debt is well covered by operating cash flow (145.1%, greater than 20% of total debt).
- Louisiana-Pacific earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Louisiana-Pacific's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Louisiana-Pacific has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
LPX Dividends
What is Louisiana-Pacific's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Louisiana-Pacific
shares you are expected to receive
$44
in your first year as a dividend.
Dividend Amount
- Louisiana-Pacific's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- Louisiana-Pacific's dividend is below the markets top 25% of dividend payers in United States of America (3.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| United States of America Forestry Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 2.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.56 | 4.00 |
| 2019-12-31 | 0.54 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-14 | 0.540 | 2.165 |
| 2019-02-13 | 0.540 | 2.029 |
| 2018-11-02 | 0.520 | 2.271 |
| 2018-08-03 | 0.520 | 1.967 |
| 2018-05-04 | 0.520 | 1.862 |
| 2018-02-13 | 0.520 | 1.787 |
| 2010-05-10 | 0.000 | 0.000 |
| 2010-03-01 | 0.000 | 0.000 |
| 2010-02-10 | 0.000 | 0.000 |
| 2009-11-04 | 0.000 | 0.000 |
| 2009-11-03 | 0.000 | 0.000 |
| 2009-08-05 | 0.000 | 0.000 |
| 2009-08-04 | 0.000 | 0.000 |
| 2009-05-06 | 0.000 | 0.000 |
| 2009-05-05 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Louisiana-Pacific has stable dividend payments.
- Louisiana-Pacific only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Louisiana-Pacific's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Louisiana-Pacific afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Louisiana-Pacific has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
LPX Management
CEO
| COMPENSATION | $5,357,255 |
| AGE | 58 |
| TENURE AS CEO | 1.8 years |
CEO Bio
Mr. William Bradley Southern, also known as Brad, has been Chief Executive Officer of Louisiana-pacific Corp. since July 1, 2017. Mr. Southern serves as Director at Astec Industries Inc since October 25, 2018. Mr. Southern served as the Chief Operating Officer and Executive Vice President of Louisiana-pacific Corp. from November 1, 2016 to June 30, 2017. Mr. Southern began his career with LP in 1999 and has held various leadership positions throughout his nearly 20-year tenure with the company. Mr. Southern served as an Executive Vice President of Oriented Strand Board at Louisiana-pacific Corp. from March 2015 to November 01, 2016 and served as its General Manager of Oriented Strand Board. Mr. Southern served as Senior Vice President of Siding of Louisiana-pacific Corp. from May 2012 to March 2015. He served as Senior Vice President and General Manager of Siding of Louisiana-pacific Corp. Mr. Southern served as Vice President of Louisiana-pacific Corp. Mr. Southern was vice president of specialty operations. Mr. Southern began his career with MacMillan Bloedel as a forester and progressed through a variety of jobs in forestry, strategic planning, finance, accounting and plant management. He has been a Director of Louisiana-Pacific Corporation since July 12, 2017. Mr. Southern has a B.S. in Forest Resource and a M.S. in Forest Resources, both from the University of Georgia.
CEO Compensation
- Brad's compensation has increased by more than 20% in the past year.
- Brad's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Louisiana-Pacific management team in years:
- The tenure for the Louisiana-Pacific management team is about average.
Management Team
Brad Southern
CEO & Director
$5M
58
1.8 yrs
Tim Mann
Executive VP of Business Development
$1M
52
1.1 yrs
Neil Sherman
Executive Vice President of the Siding Business
$1M
55
4.1 yrs
Jason Ringblom
Executive Vice President
$1M
35
2.3 yrs
Alan J. Haughie
Executive VP & CFO
54
0.3 yrs
Becky Barckley
Controller of Financial Reporting & Principal Accounting Officer
55
Dave Crowe
VP of Corporate Engineering & Director of Technology
Mike Sims
$1M
60
4 yrs
Robin Everhart
Senior VP and Chief Human Resources & Transformation Officer.
Mike Blosser
Senior Vice President of Manufacturing Services
56
Board of Directors Tenure
Average tenure and age of the Louisiana-Pacific board of directors in years:
- The tenure for the Louisiana-Pacific board of directors is about average.
Board of Directors
E. Cook
Chairman of the Board
$438K
73
14.4 yrs
Brad Southern
CEO & Director
$5M
58
2.3 yrs
Dustan McCoy
Independent Director
$215K
68
16.4 yrs
Kurt Landgraf
Director
$215K
71
13.8 yrs
Liz Gottung
Independent Director
$210K
61
12.4 yrs
Tracy Embree
Director
$200K
44
3.2 yrs
Ozey Horton
Director
$200K
67
2.6 yrs
Steve Macadam
Director
57
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Aug 18 | Sell | Lizanne Gottung | Individual | 16. Aug 18 | 16. Aug 18 | -7,000 | $29.25 | $-204,750 | ||
Management checks
We assess Louisiana-Pacific's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Louisiana-Pacific has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
LPX News
Simply Wall St News
Who Has Been Selling Louisiana-Pacific Corporation (NYSE:LPX) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Louisiana-Pacific Corporation (NYSE:LPX). … That means that an insider was selling shares at around the current price of US$24.72. … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price
Simply Wall St - – Full articleIntroducing Louisiana-Pacific (NYSE:LPX), A Stock That Climbed 65% In The Last Five Years
For example, long term Louisiana-Pacific Corporation (NYSE:LPX) shareholders have enjoyed a 65% share price rise over the last half decade, well in excess of the market return of around 47% (not including dividends). … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Simply Wall St - – Full articleDo You Like Louisiana-Pacific Corporation (NYSE:LPX) At This P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Louisiana-Pacific has a price to earnings ratio of 8.75, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCan Louisiana-Pacific Corporation (NYSE:LPX) Maintain Its Strong Returns?
This article is for those who would like to learn about Return On Equity (ROE). … That means that for every $1 worth of shareholders' equity, it generated $0.23 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleBuy Louisiana-Pacific Corporation (NYSE:LPX) When Everyone Panics
High quality stocks such as Louisiana-Pacific Corporation has fared well over time in a fickle stock market, which is why I want to bring it into light amongst all the chaos. … Below I take a look at three key features of what makes a robust defensive stock investment: its size, financial health and track record. … Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets
Simply Wall St - – Full articleHas Louisiana-Pacific Corporation (NYSE:LPX) Got Enough Cash?
Mid-caps stocks, like Louisiana-Pacific Corporation (NYSE:LPX) with a market capitalization of US$3.6b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … However, generally ignored mid-caps have historically delivered better risk-adjusted returns than the two other categories of stocks. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.
Simply Wall St - – Full articleHere's What Louisiana-Pacific Corporation's (NYSE:LPX) ROCE Can Tell Us
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleA Holistic Look At Louisiana-Pacific Corporation (NYSE:LPX)
Louisiana-Pacific Corporation (NYSE:LPX) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … , dividend-paying company with a
Simply Wall St - – Full articleHave Insiders Been Selling Louisiana-Pacific Corporation (NYSE:LPX) Shares This Year?
Louisiana-Pacific Insider Transactions Over The Last Year. … So it may not tell us anything about how insiders feel about the current share price … Lizanne Gottung was the only individual insider to sell shares in the last twelve months.
Simply Wall St - – Full articleDo You Like Louisiana-Pacific Corporation (NYSE:LPX) At This P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Louisiana-Pacific Corporation's (NYSE:LPX) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleLPX Company Info
Description
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America. The Siding segment offers siding products and related accessories, such as wood-based siding, trim, soffit, and fascia products; and CanExel siding and accessory products, including pre-finished lap and trim products, as well as outdoor building solutions. The OSB segment manufactures and distributes structural panel products comprising OSBs, TechShield radiant barriers, TopNotch sub-floorings, Legacy super tough products, moisture-resistant sub-floorings, and FlameBlock fire-rated sheathing products. The Engineered Wood Products segment provides laminated veneer lumber, laminated strand lumber, and other related products; and I-joists, which are primarily used in residential and commercial floorings, roofing systems, and other structural applications. The South America segment manufactures and distributes OSB and siding products. This segment also distributes and sells related products to augment the transition to wood frame construction. The company also offers timber and timberlands, as well as other products and services. Louisiana-Pacific Corporation sells its products, primarily to retail home centers, manufactured housing producers, distributors, and wholesalers in North America and South America, as well as in Asia, Australia, and Europe. The company was founded in 1973 and is headquartered in Nashville, Tennessee.
Details
| Name: | Louisiana-Pacific Corporation |
| LPX | |
| Exchange: | NYSE |
| Founded: | 1973 |
| $3,000,714,306 | |
| 123,435,389 | |
| Website: | http://www.lpcorp.com |
| Address: |
Louisiana-Pacific Corporation 414 Union Street, Suite 2000, Nashville, Tennessee, 37219, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | LPX | Common Stock | New York Stock Exchange | US | USD | 29. Dec 1972 | |
| DB | LP3 | Common Stock | Deutsche Boerse AG | DE | EUR | 29. Dec 1972 |
Number of employees
Current staff
Industry
| Forest Products | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/26 01:40 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/22 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
