Louisiana-Pacific Corporation (LPX) 10-Year Financial Performance & Capital Metrics

LPX • • Industrial / General

Basic MaterialsPaper & Forest ProductsWood Products & Building MaterialsStructural Wood Products

AboutLouisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products. The OSB segment manufactures and distributes OSB structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air and water barriers, LP Legacy premium sub-flooring products, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products. The EWP segment provides laminated veneer lumber and other related products; and LP SolidStart 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 structural panel and siding products. This segment also distributes and sells related products for the region's transition to wood frame construction. It also offers timber and timberlands and other products and services. The company sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, Asia, Australia, and Europe. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.Show more

Revenue $2.94B +13.9%
EBITDA $655M +61.3%
Net Income $420M +136.0%
EPS (Diluted) 5.89 +138.5%
Gross Margin 28.26% +23.0%
EBITDA Margin 22.27% +41.6%
Operating Margin 18.02% +62.1%
Net Margin 14.28% +107.1%
ROE 26.02% +118.6%
ROIC 23.22% +71.1%
Debt/Equity 0.23 -6.3%
Interest Coverage 37.86 +84.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 39.7%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 21.1%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.28%

5Y4.95%

3Y-9.1%

TTM-3.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-32.69%

TTM-48.2%

EPS CAGR

10Y-

5Y-

3Y-25.16%

TTM-46.63%

ROCE

10Y Avg29.21%

5Y Avg47.05%

3Y Avg34.28%

Latest23.98%

Peer Comparison

Structural Wood Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LPXLouisiana-Pacific Corporation	6.53B	93.71	15.91	13.95%	7.65%	12.42%	6.47%	0.23
WFGWest Fraser Timber Co. Ltd.	5.27B	69.30	-936.49	-4.34%	-4.31%	-3.72%	3.3%	0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.89B	2.23B	2.73B	2.83B	2.31B	2.4B	3.92B	3.85B	2.58B	2.94B
Revenue Growth %	-0.02%	0.18%	0.22%	0.03%	-0.18%	0.04%	0.63%	-0.02%	-0.33%	0.14%
Cost of Goods Sold+	1.68B	1.72B	1.88B	2.08B	2.01B	1.57B	1.95B	2.35B	1.99B	2.11B
COGS % of Revenue	0.89%	0.77%	0.69%	0.74%	0.87%	0.65%	0.5%	0.61%	0.77%	0.72%
Gross Profit+	209.8M	509.4M	851.9M	744M	303M	833M	1.96B	1.5B	593M	831M
Gross Margin %	0.11%	0.23%	0.31%	0.26%	0.13%	0.35%	0.5%	0.39%	0.23%	0.28%
Gross Profit Growth %	0.19%	1.43%	0.67%	-0.13%	-0.59%	1.75%	1.36%	-0.24%	-0.6%	0.4%
Operating Expenses+	271M	313.8M	321.7M	207.1M	323M	218M	229M	249M	306M	301M
OpEx % of Revenue	0.14%	0.14%	0.12%	0.07%	0.14%	0.09%	0.06%	0.06%	0.12%	0.1%
Selling, General & Admin	152.8M	183.6M	190.4M	209M	230M	196M	224M	270M	257M	291M
SG&A % of Revenue	0.08%	0.08%	0.07%	0.07%	0.1%	0.08%	0.06%	0.07%	0.1%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	1M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0%
Other Operating Expenses	-5.3M	-15.2M	1M	-3.9M	93M	22M	5M	-21M	49M	9M
Operating Income+	-63.3M	204M	523.4M	526.1M	-20M	615M	1.73B	1.25B	287M	530M
Operating Margin %	-0.03%	0.09%	0.19%	0.19%	-0.01%	0.26%	0.44%	0.32%	0.11%	0.18%
Operating Income Growth %	0.18%	4.22%	1.57%	0.01%	-1.04%	31.75%	1.82%	-0.28%	-0.77%	0.85%
EBITDA+	38.6M	316.8M	646.7M	646.1M	103M	722M	1.85B	1.38B	406M	655M
EBITDA Margin %	0.02%	0.14%	0.24%	0.23%	0.04%	0.3%	0.47%	0.36%	0.16%	0.22%
EBITDA Growth %	0.67%	7.21%	1.04%	-0%	-0.84%	6.01%	1.56%	-0.25%	-0.71%	0.61%
D&A (Non-Cash Add-back)	101.9M	112.8M	123.3M	120M	123M	107M	114M	129M	119M	125M
EBIT	-64.2M	195.9M	529.5M	539M	-6M	646M	1.74B	1.23B	261M	534M
Net Interest Income+	-31.2M	-23.9M	-8.8M	1.8M	-10M	-17M	-13M	3M	4M	8M
Interest Income	0	8.2M	10.5M	17.6M	7M	2M	1M	14M	18M	22M
Interest Expense	31.2M	32.1M	19.3M	15.8M	17M	19M	14M	11M	14M	14M
Other Income/Expense	-32.1M	-45.3M	-13.2M	-2M	-3M	-9M	-30M	-91M	-35M	30M
Pretax Income+	-95.4M	164.9M	510.2M	524M	-23M	606M	1.7B	1.16B	252M	560M
Pretax Margin %	-0.05%	0.07%	0.19%	0.19%	-0.01%	0.25%	0.44%	0.3%	0.1%	0.19%
Income Tax+	-2.7M	19.8M	119.1M	122.3M	-13M	121M	402M	274M	74M	140M
Effective Tax Rate %	0.92%	0.91%	0.76%	0.75%	0.22%	0.82%	0.81%	0.94%	0.71%	0.75%
Net Income+	-88.1M	149.8M	389.8M	394.6M	-5M	499M	1.38B	1.09B	178M	420M
Net Margin %	-0.05%	0.07%	0.14%	0.14%	-0%	0.21%	0.35%	0.28%	0.07%	0.14%
Net Income Growth %	-0.17%	2.7%	1.6%	0.01%	-1.01%	100.8%	1.76%	-0.21%	-0.84%	1.36%
Net Income (Continuing)	-86M	150.3M	391.1M	401.7M	-10M	485M	1.3B	885M	178M	420M
Discontinued Operations	0	0	0	-4.2M	0	12M	71M	198M	0	0
Minority Interest	0	0	0	0	10M	10M	4M	0	0	0
EPS (Diluted)+	-0.62	1.03	2.66	2.73	-0.08	4.46	14.05	11.90	2.47	5.89
EPS Growth %	-0.17%	2.66%	1.58%	0.03%	-1.03%	55.86%	2.15%	-0.15%	-0.79%	1.38%
EPS (Basic)	-0.62	1.04	2.70	2.76	-0.08	4.50	14.20	11.90	2.47	5.91
Diluted Shares Outstanding	142.4M	145.3M	146M	144.4M	123M	112M	98M	78M	72M	71M
Basic Shares Outstanding	142.4M	143.4M	144M	143M	123M	111M	97M	78M	72M	71M
Dividend Payout Ratio	-	-	-	0.19%	-	0.13%	0.05%	0.06%	0.39%	0.18%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	769.1M	1.02B	1.36B	1.29B	619M	993M	890M	854M	778M	855M
Cash & Short-Term Investments	434.7M	659.3M	928M	878.4M	181M	535M	358M	369M	222M	340M
Cash Only	434.7M	659.3M	928M	878.4M	181M	535M	358M	369M	222M	340M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	96.4M	108.3M	142.5M	127.6M	164M	184M	169M	128M	155M	132M
Days Sales Outstanding	18.59	17.7	19.02	16.47	25.91	28	15.76	12.12	21.92	16.38
Inventory	222M	234.6M	259.1M	273M	265M	259M	277M	336M	378M	358M
Days Inventory Outstanding	48.15	49.67	50.25	47.81	48.19	60.37	51.8	52.08	69.4	61.93
Other Current Assets	9M	0	0	0	0	0	68M	21M	23M	25M
Total Non-Current Assets+	1.41B	1.02B	1.09B	1.23B	1.22B	1.09B	1.3B	1.5B	1.66B	1.71B
Property, Plant & Equipment	862.4M	891.4M	926.1M	1.01B	1.01B	958M	1.09B	1.37B	1.56B	1.62B
Fixed Asset Turnover	2.19x	2.51x	2.95x	2.80x	2.29x	2.50x	3.59x	2.81x	1.65x	1.82x
Goodwill	9.7M	9.7M	16.1M	16M	0	25M	19M	19M	19M	19M
Intangible Assets	53.1M	53.5M	10.6M	10M	50M	56M	49M	45M	32M	30M
Long-Term Investments	7.7M	6.2M	7.8M	49M	10M	11M	7M	6M	5M	17M
Other Non-Current Assets	522.6M	111.3M	125.8M	138M	146M	42M	137M	50M	27M	26M
Total Assets+	2.18B	2.03B	2.45B	2.51B	1.83B	2.09B	2.19B	2.35B	2.44B	2.57B
Asset Turnover	0.87x	1.10x	1.12x	1.12x	1.26x	1.15x	1.78x	1.64x	1.06x	1.14x
Asset Growth %	-0.08%	-0.07%	0.21%	0.03%	-0.27%	0.14%	0.05%	0.07%	0.04%	0.05%
Total Current Liabilities+	143M	228.8M	270.1M	302M	281M	295M	360M	343M	274M	312M
Accounts Payable	53M	89.9M	88.8M	116M	127M	125M	180M	178M	141M	139M
Days Payables Outstanding	11.5	19.03	17.22	20.32	23.1	29.13	33.66	27.59	25.89	24.05
Short-Term Debt	2.1M	2.6M	25.1M	5M	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	7.3M	12.4M	12.4M	42M	39M	10M	43M	7M	15M	13M
Current Ratio	5.38x	4.44x	5.03x	4.26x	2.20x	3.37x	2.47x	2.49x	2.84x	2.74x
Quick Ratio	3.83x	3.42x	4.07x	3.36x	1.26x	2.49x	1.70x	1.51x	1.46x	1.59x
Cash Conversion Cycle	55.25	48.33	52.05	43.97	51.01	59.23	33.89	36.61	65.43	54.27
Total Non-Current Liabilities+	1.02B	606.7M	573.9M	512M	553M	547M	595M	573M	606M	586M
Long-Term Debt	751.8M	374.4M	350.8M	347M	347M	348M	346M	346M	347M	348M
Capital Lease Obligations	0	0	0	0	37M	33M	44M	41M	25M	24M
Deferred Tax Liabilities	99.5M	27.7M	33.4M	62.2M	73M	78M	86M	113M	162M	145M
Other Non-Current Liabilities	165M	204.6M	189.7M	103M	96M	88M	119M	73M	72M	69M
Total Liabilities	1.16B	835.5M	844M	813.9M	834M	842M	955M	916M	880M	898M
Total Debt+	753.9M	377M	375.9M	352M	392M	389M	397M	395M	378M	380M
Net Debt	319.2M	-282.3M	-552.1M	-526M	211M	-146M	39M	26M	156M	40M
Debt / Equity	0.74x	0.32x	0.23x	0.21x	0.39x	0.31x	0.32x	0.28x	0.24x	0.23x
Debt / EBITDA	19.53x	1.19x	0.58x	0.54x	3.81x	0.54x	0.21x	0.29x	0.93x	0.58x
Net Debt / EBITDA	8.27x	-0.89x	-0.85x	-0.81x	2.05x	-0.20x	0.02x	0.02x	0.38x	0.06x
Interest Coverage	-2.03x	6.36x	27.12x	33.30x	-1.18x	32.37x	123.86x	113.64x	20.50x	37.86x
Total Equity+	1.02B	1.2B	1.6B	1.7B	1B	1.24B	1.24B	1.43B	1.56B	1.67B
Equity Growth %	-0.09%	0.18%	0.34%	0.06%	-0.41%	0.24%	-0%	0.16%	0.09%	0.07%
Book Value per Share	7.14	8.23	10.99	11.77	8.14	11.11	12.64	18.38	21.63	23.54
Total Shareholders' Equity	1.02B	1.2B	1.6B	1.7B	991M	1.23B	1.24B	1.43B	1.56B	1.67B
Common Stock	153M	153.4M	153.4M	153.4M	130M	124M	102M	88M	88M	86M
Retained Earnings	724.2M	890.3M	1.28B	1.61B	966M	1.21B	1.24B	1.37B	1.48B	1.61B
Treasury Stock	-210.6M	-189M	-177.5M	-377.6M	-406M	-397M	-390M	-388M	-386M	-386M
Accumulated OCI	-146.1M	-137.2M	-122.1M	-146.4M	-153M	-151M	-174M	-99M	-89M	-122M
Minority Interest	0	0	0	0	10M	10M	4M	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	27.5M	342.3M	473.7M	510.5M	159M	659M	1.48B	1.14B	316M	605M
Operating CF Margin %	0.01%	0.15%	0.17%	0.18%	0.07%	0.27%	0.38%	0.3%	0.12%	0.21%
Operating CF Growth %	1.52%	11.45%	0.38%	0.08%	-0.69%	3.14%	1.25%	-0.23%	-0.72%	0.91%
Net Income	-88.1M	149.8M	390M	395M	-10M	497M	1.37B	1.08B	178M	420M
Depreciation & Amortization	101.9M	112.8M	123.3M	120M	123M	111M	119M	132M	119M	126M
Stock-Based Compensation	9.3M	13M	9.7M	8.6M	0	0	0	0	0	0
Deferred Taxes	0	0	1M	27M	10M	2M	7M	1M	44M	-4M
Other Non-Cash Items	17M	18.6M	8.3M	-21.6M	96M	34M	29M	-42M	103M	14M
Working Capital Changes	-10.9M	48.1M	-58M	-18M	-60M	15M	-44M	-30M	-128M	49M
Change in Receivables	10.6M	-8.9M	-35M	3.4M	-21M	-53M	-14M	22M	-8M	3M
Change in Inventory	3.5M	-11M	-22.7M	-1.9M	3M	-12M	-71M	-66M	-46M	9M
Change in Payables	-20.3M	53.8M	22.5M	-20.7M	-4M	30M	46M	15M	-40M	23M
Cash from Investing+	-115.9M	286.3M	-198.6M	-238.2M	-137M	-49M	-247M	-146M	-376M	-183M
Capital Expenditures	-113.8M	-124.8M	-149M	-214M	-163M	-77M	-254M	-414M	-300M	-183M
CapEx % of Revenue	0.06%	0.06%	0.05%	0.08%	0.07%	0.03%	0.06%	0.11%	0.12%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.2M	409.9M	-29M	21M	-1M	13M	7M	0	-76M	17M
Cash from Financing+	-4.4M	-407M	-9.4M	-317M	-717M	-272M	-1.39B	-982M	-77M	-292M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-3.7M	0	0	-74.4M	-65M	-65M	-66M	-69M	-69M	-74M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.8M	-14.5M	-6M	-6.1M	-9M	-7M	-13M	-13M	-8M	-6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-86.3M	217.5M	325.1M	296.3M	-4M	582M	1.23B	730M	16M	422M
FCF Margin %	-0.05%	0.1%	0.12%	0.1%	-0%	0.24%	0.31%	0.19%	0.01%	0.14%
FCF Growth %	0.35%	3.52%	0.49%	-0.09%	-1.01%	146.5%	1.11%	-0.41%	-0.98%	25.38%
FCF per Share	-0.61	1.50	2.23	2.05	-0.03	5.20	12.55	9.36	0.22	5.94
FCF Conversion (FCF/Net Income)	-0.31x	2.29x	1.22x	1.29x	-31.80x	1.32x	1.08x	1.05x	1.78x	1.44x
Interest Paid	0	0	12M	1M	13M	18M	16M	14M	15M	14M
Taxes Paid	0	0	143M	90M	20M	70M	421M	320M	65M	124M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-8.26%	13.54%	27.84%	23.88%	-0.37%	44.45%	110.91%	81.26%	11.9%	26.02%
Return on Invested Capital (ROIC)	-3.55%	13.6%	39.94%	35.45%	-1.26%	39.94%	109.47%	68.48%	13.57%	23.22%
Gross Margin	11.09%	22.81%	31.16%	26.31%	13.12%	34.72%	50.14%	38.89%	22.98%	28.26%
Net Margin	-4.66%	6.71%	14.26%	13.95%	-0.22%	20.8%	35.17%	28.18%	6.9%	14.28%
Debt / Equity	0.74x	0.32x	0.23x	0.21x	0.39x	0.31x	0.32x	0.28x	0.24x	0.23x
Interest Coverage	-2.03x	6.36x	27.12x	33.30x	-1.18x	32.37x	123.86x	113.64x	20.50x	37.86x
FCF Conversion	-0.31x	2.29x	1.22x	1.29x	-31.80x	1.32x	1.08x	1.05x	1.78x	1.44x
Revenue Growth	-2.19%	18.01%	22.41%	3.44%	-18.32%	3.85%	63.19%	-1.56%	-33.03%	13.95%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Value-add	-	-	-	1.93B	1.82B	2.03B	3.12B	2.81B	2.09B	2.38B
Value-add Growth	-	-	-	-	-5.98%	11.65%	53.47%	-9.88%	-25.74%	14.24%
OSB	807.5M	1.03B	1.3B	1.31B	777M	1.22B	2.39B	2.06B	1.03B	1.18B
OSB Growth	-	27.27%	26.74%	0.21%	-40.47%	57.01%	95.66%	-13.62%	-50.24%	15.40%
Plywood	-	-	-	823.9M	419M	656M	1.27B	937M	446M	514M
Plywood Growth	-	-	-	-	-49.14%	56.56%	93.45%	-26.16%	-52.40%	15.25%
Other products	-	-	-	69.4M	72M	88M	166M	107M	49M	44M
Other products Growth	-	-	-	-	3.75%	22.22%	88.64%	-35.54%	-54.21%	-10.20%
LSL	-	-	-	-	-	-	-3M	-	-	-
LSL Growth	-	-	-	-	-	-	-	-	-	-
Commodity Products	-	-	-	-	-	-1M	-	-	-	-
Commodity Products Growth	-	-	-	-	-	-	-	-	-	-
Siding	636.4M	752.3M	884M	-	-	-	-	-	-	-
Siding Growth	-	18.21%	17.51%	-	-	-	-	-	-	-
Engineered Wood Products	286.1M	296.9M	365.9M	-	-	-	-	-	-	-
Engineered Wood Products Growth	-	3.77%	23.24%	-	-	-	-	-	-	-
South America	134.9M	136.9M	155.3M	-	-	-	-	-	-	-
South America Growth	-	1.48%	13.44%	-	-	-	-	-	-	-
Intersegment Eliminations	-1.4M	-7.3M	-3.8M	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-421.43%	47.95%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	1.51B	1.88B	2.31B	2.41B	1.97B	2.42B	3.85B	3.33B	2.27B	2.61B
UNITED STATES Growth	-	24.55%	22.58%	4.42%	-18.31%	23.22%	58.68%	-13.49%	-31.96%	15.28%
CANADA	248M	682M	704M	861M	653M	643M	915M	827M	610M	675M
CANADA Growth	-	175.00%	3.23%	22.30%	-24.16%	-1.53%	42.30%	-9.62%	-26.24%	10.66%
South America	135M	137M	165M	174M	178M	185M	291M	273M	241M	214M
South America Growth	-	1.48%	20.44%	5.45%	2.30%	3.93%	57.30%	-6.19%	-11.72%	-11.20%
Intersegment Eliminations	-1M	-468M	-442M	-616M	-489M	-465M	-501M	-575M	-535M	-559M
Intersegment Eliminations Growth	-	-46700.00%	5.56%	-39.37%	20.62%	4.91%	-7.74%	-14.77%	6.96%	-4.49%

Frequently Asked Questions

Valuation & Price

Louisiana-Pacific Corporation (LPX) has a price-to-earnings (P/E) ratio of 15.9x. This is roughly in line with market averages.

Growth & Financials

Louisiana-Pacific Corporation (LPX) reported $2.82B in revenue for fiscal year 2024. This represents a 108% increase from $1.36B in 2011.

Louisiana-Pacific Corporation (LPX) grew revenue by 13.9% over the past year. This is steady growth.

Yes, Louisiana-Pacific Corporation (LPX) is profitable, generating $216.0M in net income for fiscal year 2024 (14.3% net margin).

Dividend & Returns

Yes, Louisiana-Pacific Corporation (LPX) pays a dividend with a yield of 1.11%. This makes it attractive for income-focused investors.

Louisiana-Pacific Corporation (LPX) has a return on equity (ROE) of 26.0%. This is excellent, indicating efficient use of shareholder capital.

Louisiana-Pacific Corporation (LPX) generated $143.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Louisiana-Pacific Corporation (LPX) 10-Year Financial Performance & Capital Metrics

LPX • • Industrial / General

Basic MaterialsPaper & Forest ProductsWood Products & Building MaterialsStructural Wood Products

Revenue $2.94B +13.9%
EBITDA $655M +61.3%
Net Income $420M +136.0%
EPS (Diluted) 5.89 +138.5%
Gross Margin 28.26% +23.0%
EBITDA Margin 22.27% +41.6%
Operating Margin 18.02% +62.1%
Net Margin 14.28% +107.1%
ROE 26.02% +118.6%
ROIC 23.22% +71.1%
Debt/Equity 0.23 -6.3%
Interest Coverage 37.86 +84.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 39.7%
✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 21.1%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.28%

5Y4.95%

3Y-9.1%

TTM-3.29%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-32.69%

TTM-48.2%

EPS CAGR

10Y-

5Y-

3Y-25.16%

TTM-46.63%

ROCE

10Y Avg29.21%

5Y Avg47.05%

3Y Avg34.28%

Latest23.98%

Peer Comparison

Structural Wood Products

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LPXLouisiana-Pacific Corporation	6.53B	93.71	15.91	13.95%	7.65%	12.42%	6.47%	0.23
WFGWest Fraser Timber Co. Ltd.	5.27B	69.30	-936.49	-4.34%	-4.31%	-3.72%	3.3%	0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.89B	2.23B	2.73B	2.83B	2.31B	2.4B	3.92B	3.85B	2.58B	2.94B
Revenue Growth %	-0.02%	0.18%	0.22%	0.03%	-0.18%	0.04%	0.63%	-0.02%	-0.33%	0.14%
Cost of Goods Sold+	1.68B	1.72B	1.88B	2.08B	2.01B	1.57B	1.95B	2.35B	1.99B	2.11B
COGS % of Revenue	0.89%	0.77%	0.69%	0.74%	0.87%	0.65%	0.5%	0.61%	0.77%	0.72%
Gross Profit+	209.8M	509.4M	851.9M	744M	303M	833M	1.96B	1.5B	593M	831M
Gross Margin %	0.11%	0.23%	0.31%	0.26%	0.13%	0.35%	0.5%	0.39%	0.23%	0.28%
Gross Profit Growth %	0.19%	1.43%	0.67%	-0.13%	-0.59%	1.75%	1.36%	-0.24%	-0.6%	0.4%
Operating Expenses+	271M	313.8M	321.7M	207.1M	323M	218M	229M	249M	306M	301M
OpEx % of Revenue	0.14%	0.14%	0.12%	0.07%	0.14%	0.09%	0.06%	0.06%	0.12%	0.1%
Selling, General & Admin	152.8M	183.6M	190.4M	209M	230M	196M	224M	270M	257M	291M
SG&A % of Revenue	0.08%	0.08%	0.07%	0.07%	0.1%	0.08%	0.06%	0.07%	0.1%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	1M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0%
Other Operating Expenses	-5.3M	-15.2M	1M	-3.9M	93M	22M	5M	-21M	49M	9M
Operating Income+	-63.3M	204M	523.4M	526.1M	-20M	615M	1.73B	1.25B	287M	530M
Operating Margin %	-0.03%	0.09%	0.19%	0.19%	-0.01%	0.26%	0.44%	0.32%	0.11%	0.18%
Operating Income Growth %	0.18%	4.22%	1.57%	0.01%	-1.04%	31.75%	1.82%	-0.28%	-0.77%	0.85%
EBITDA+	38.6M	316.8M	646.7M	646.1M	103M	722M	1.85B	1.38B	406M	655M
EBITDA Margin %	0.02%	0.14%	0.24%	0.23%	0.04%	0.3%	0.47%	0.36%	0.16%	0.22%
EBITDA Growth %	0.67%	7.21%	1.04%	-0%	-0.84%	6.01%	1.56%	-0.25%	-0.71%	0.61%
D&A (Non-Cash Add-back)	101.9M	112.8M	123.3M	120M	123M	107M	114M	129M	119M	125M
EBIT	-64.2M	195.9M	529.5M	539M	-6M	646M	1.74B	1.23B	261M	534M
Net Interest Income+	-31.2M	-23.9M	-8.8M	1.8M	-10M	-17M	-13M	3M	4M	8M
Interest Income	0	8.2M	10.5M	17.6M	7M	2M	1M	14M	18M	22M
Interest Expense	31.2M	32.1M	19.3M	15.8M	17M	19M	14M	11M	14M	14M
Other Income/Expense	-32.1M	-45.3M	-13.2M	-2M	-3M	-9M	-30M	-91M	-35M	30M
Pretax Income+	-95.4M	164.9M	510.2M	524M	-23M	606M	1.7B	1.16B	252M	560M
Pretax Margin %	-0.05%	0.07%	0.19%	0.19%	-0.01%	0.25%	0.44%	0.3%	0.1%	0.19%
Income Tax+	-2.7M	19.8M	119.1M	122.3M	-13M	121M	402M	274M	74M	140M
Effective Tax Rate %	0.92%	0.91%	0.76%	0.75%	0.22%	0.82%	0.81%	0.94%	0.71%	0.75%
Net Income+	-88.1M	149.8M	389.8M	394.6M	-5M	499M	1.38B	1.09B	178M	420M
Net Margin %	-0.05%	0.07%	0.14%	0.14%	-0%	0.21%	0.35%	0.28%	0.07%	0.14%
Net Income Growth %	-0.17%	2.7%	1.6%	0.01%	-1.01%	100.8%	1.76%	-0.21%	-0.84%	1.36%
Net Income (Continuing)	-86M	150.3M	391.1M	401.7M	-10M	485M	1.3B	885M	178M	420M
Discontinued Operations	0	0	0	-4.2M	0	12M	71M	198M	0	0
Minority Interest	0	0	0	0	10M	10M	4M	0	0	0
EPS (Diluted)+	-0.62	1.03	2.66	2.73	-0.08	4.46	14.05	11.90	2.47	5.89
EPS Growth %	-0.17%	2.66%	1.58%	0.03%	-1.03%	55.86%	2.15%	-0.15%	-0.79%	1.38%
EPS (Basic)	-0.62	1.04	2.70	2.76	-0.08	4.50	14.20	11.90	2.47	5.91
Diluted Shares Outstanding	142.4M	145.3M	146M	144.4M	123M	112M	98M	78M	72M	71M
Basic Shares Outstanding	142.4M	143.4M	144M	143M	123M	111M	97M	78M	72M	71M
Dividend Payout Ratio	-	-	-	0.19%	-	0.13%	0.05%	0.06%	0.39%	0.18%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	769.1M	1.02B	1.36B	1.29B	619M	993M	890M	854M	778M	855M
Cash & Short-Term Investments	434.7M	659.3M	928M	878.4M	181M	535M	358M	369M	222M	340M
Cash Only	434.7M	659.3M	928M	878.4M	181M	535M	358M	369M	222M	340M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	96.4M	108.3M	142.5M	127.6M	164M	184M	169M	128M	155M	132M
Days Sales Outstanding	18.59	17.7	19.02	16.47	25.91	28	15.76	12.12	21.92	16.38
Inventory	222M	234.6M	259.1M	273M	265M	259M	277M	336M	378M	358M
Days Inventory Outstanding	48.15	49.67	50.25	47.81	48.19	60.37	51.8	52.08	69.4	61.93
Other Current Assets	9M	0	0	0	0	0	68M	21M	23M	25M
Total Non-Current Assets+	1.41B	1.02B	1.09B	1.23B	1.22B	1.09B	1.3B	1.5B	1.66B	1.71B
Property, Plant & Equipment	862.4M	891.4M	926.1M	1.01B	1.01B	958M	1.09B	1.37B	1.56B	1.62B
Fixed Asset Turnover	2.19x	2.51x	2.95x	2.80x	2.29x	2.50x	3.59x	2.81x	1.65x	1.82x
Goodwill	9.7M	9.7M	16.1M	16M	0	25M	19M	19M	19M	19M
Intangible Assets	53.1M	53.5M	10.6M	10M	50M	56M	49M	45M	32M	30M
Long-Term Investments	7.7M	6.2M	7.8M	49M	10M	11M	7M	6M	5M	17M
Other Non-Current Assets	522.6M	111.3M	125.8M	138M	146M	42M	137M	50M	27M	26M
Total Assets+	2.18B	2.03B	2.45B	2.51B	1.83B	2.09B	2.19B	2.35B	2.44B	2.57B
Asset Turnover	0.87x	1.10x	1.12x	1.12x	1.26x	1.15x	1.78x	1.64x	1.06x	1.14x
Asset Growth %	-0.08%	-0.07%	0.21%	0.03%	-0.27%	0.14%	0.05%	0.07%	0.04%	0.05%
Total Current Liabilities+	143M	228.8M	270.1M	302M	281M	295M	360M	343M	274M	312M
Accounts Payable	53M	89.9M	88.8M	116M	127M	125M	180M	178M	141M	139M
Days Payables Outstanding	11.5	19.03	17.22	20.32	23.1	29.13	33.66	27.59	25.89	24.05
Short-Term Debt	2.1M	2.6M	25.1M	5M	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	7.3M	12.4M	12.4M	42M	39M	10M	43M	7M	15M	13M
Current Ratio	5.38x	4.44x	5.03x	4.26x	2.20x	3.37x	2.47x	2.49x	2.84x	2.74x
Quick Ratio	3.83x	3.42x	4.07x	3.36x	1.26x	2.49x	1.70x	1.51x	1.46x	1.59x
Cash Conversion Cycle	55.25	48.33	52.05	43.97	51.01	59.23	33.89	36.61	65.43	54.27
Total Non-Current Liabilities+	1.02B	606.7M	573.9M	512M	553M	547M	595M	573M	606M	586M
Long-Term Debt	751.8M	374.4M	350.8M	347M	347M	348M	346M	346M	347M	348M
Capital Lease Obligations	0	0	0	0	37M	33M	44M	41M	25M	24M
Deferred Tax Liabilities	99.5M	27.7M	33.4M	62.2M	73M	78M	86M	113M	162M	145M
Other Non-Current Liabilities	165M	204.6M	189.7M	103M	96M	88M	119M	73M	72M	69M
Total Liabilities	1.16B	835.5M	844M	813.9M	834M	842M	955M	916M	880M	898M
Total Debt+	753.9M	377M	375.9M	352M	392M	389M	397M	395M	378M	380M
Net Debt	319.2M	-282.3M	-552.1M	-526M	211M	-146M	39M	26M	156M	40M
Debt / Equity	0.74x	0.32x	0.23x	0.21x	0.39x	0.31x	0.32x	0.28x	0.24x	0.23x
Debt / EBITDA	19.53x	1.19x	0.58x	0.54x	3.81x	0.54x	0.21x	0.29x	0.93x	0.58x
Net Debt / EBITDA	8.27x	-0.89x	-0.85x	-0.81x	2.05x	-0.20x	0.02x	0.02x	0.38x	0.06x
Interest Coverage	-2.03x	6.36x	27.12x	33.30x	-1.18x	32.37x	123.86x	113.64x	20.50x	37.86x
Total Equity+	1.02B	1.2B	1.6B	1.7B	1B	1.24B	1.24B	1.43B	1.56B	1.67B
Equity Growth %	-0.09%	0.18%	0.34%	0.06%	-0.41%	0.24%	-0%	0.16%	0.09%	0.07%
Book Value per Share	7.14	8.23	10.99	11.77	8.14	11.11	12.64	18.38	21.63	23.54
Total Shareholders' Equity	1.02B	1.2B	1.6B	1.7B	991M	1.23B	1.24B	1.43B	1.56B	1.67B
Common Stock	153M	153.4M	153.4M	153.4M	130M	124M	102M	88M	88M	86M
Retained Earnings	724.2M	890.3M	1.28B	1.61B	966M	1.21B	1.24B	1.37B	1.48B	1.61B
Treasury Stock	-210.6M	-189M	-177.5M	-377.6M	-406M	-397M	-390M	-388M	-386M	-386M
Accumulated OCI	-146.1M	-137.2M	-122.1M	-146.4M	-153M	-151M	-174M	-99M	-89M	-122M
Minority Interest	0	0	0	0	10M	10M	4M	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	27.5M	342.3M	473.7M	510.5M	159M	659M	1.48B	1.14B	316M	605M
Operating CF Margin %	0.01%	0.15%	0.17%	0.18%	0.07%	0.27%	0.38%	0.3%	0.12%	0.21%
Operating CF Growth %	1.52%	11.45%	0.38%	0.08%	-0.69%	3.14%	1.25%	-0.23%	-0.72%	0.91%
Net Income	-88.1M	149.8M	390M	395M	-10M	497M	1.37B	1.08B	178M	420M
Depreciation & Amortization	101.9M	112.8M	123.3M	120M	123M	111M	119M	132M	119M	126M
Stock-Based Compensation	9.3M	13M	9.7M	8.6M	0	0	0	0	0	0
Deferred Taxes	0	0	1M	27M	10M	2M	7M	1M	44M	-4M
Other Non-Cash Items	17M	18.6M	8.3M	-21.6M	96M	34M	29M	-42M	103M	14M
Working Capital Changes	-10.9M	48.1M	-58M	-18M	-60M	15M	-44M	-30M	-128M	49M
Change in Receivables	10.6M	-8.9M	-35M	3.4M	-21M	-53M	-14M	22M	-8M	3M
Change in Inventory	3.5M	-11M	-22.7M	-1.9M	3M	-12M	-71M	-66M	-46M	9M
Change in Payables	-20.3M	53.8M	22.5M	-20.7M	-4M	30M	46M	15M	-40M	23M
Cash from Investing+	-115.9M	286.3M	-198.6M	-238.2M	-137M	-49M	-247M	-146M	-376M	-183M
Capital Expenditures	-113.8M	-124.8M	-149M	-214M	-163M	-77M	-254M	-414M	-300M	-183M
CapEx % of Revenue	0.06%	0.06%	0.05%	0.08%	0.07%	0.03%	0.06%	0.11%	0.12%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.2M	409.9M	-29M	21M	-1M	13M	7M	0	-76M	17M
Cash from Financing+	-4.4M	-407M	-9.4M	-317M	-717M	-272M	-1.39B	-982M	-77M	-292M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-3.7M	0	0	-74.4M	-65M	-65M	-66M	-69M	-69M	-74M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.8M	-14.5M	-6M	-6.1M	-9M	-7M	-13M	-13M	-8M	-6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-86.3M	217.5M	325.1M	296.3M	-4M	582M	1.23B	730M	16M	422M
FCF Margin %	-0.05%	0.1%	0.12%	0.1%	-0%	0.24%	0.31%	0.19%	0.01%	0.14%
FCF Growth %	0.35%	3.52%	0.49%	-0.09%	-1.01%	146.5%	1.11%	-0.41%	-0.98%	25.38%
FCF per Share	-0.61	1.50	2.23	2.05	-0.03	5.20	12.55	9.36	0.22	5.94
FCF Conversion (FCF/Net Income)	-0.31x	2.29x	1.22x	1.29x	-31.80x	1.32x	1.08x	1.05x	1.78x	1.44x
Interest Paid	0	0	12M	1M	13M	18M	16M	14M	15M	14M
Taxes Paid	0	0	143M	90M	20M	70M	421M	320M	65M	124M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-8.26%	13.54%	27.84%	23.88%	-0.37%	44.45%	110.91%	81.26%	11.9%	26.02%
Return on Invested Capital (ROIC)	-3.55%	13.6%	39.94%	35.45%	-1.26%	39.94%	109.47%	68.48%	13.57%	23.22%
Gross Margin	11.09%	22.81%	31.16%	26.31%	13.12%	34.72%	50.14%	38.89%	22.98%	28.26%
Net Margin	-4.66%	6.71%	14.26%	13.95%	-0.22%	20.8%	35.17%	28.18%	6.9%	14.28%
Debt / Equity	0.74x	0.32x	0.23x	0.21x	0.39x	0.31x	0.32x	0.28x	0.24x	0.23x
Interest Coverage	-2.03x	6.36x	27.12x	33.30x	-1.18x	32.37x	123.86x	113.64x	20.50x	37.86x
FCF Conversion	-0.31x	2.29x	1.22x	1.29x	-31.80x	1.32x	1.08x	1.05x	1.78x	1.44x
Revenue Growth	-2.19%	18.01%	22.41%	3.44%	-18.32%	3.85%	63.19%	-1.56%	-33.03%	13.95%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Value-add	-	-	-	1.93B	1.82B	2.03B	3.12B	2.81B	2.09B	2.38B
Value-add Growth	-	-	-	-	-5.98%	11.65%	53.47%	-9.88%	-25.74%	14.24%
OSB	807.5M	1.03B	1.3B	1.31B	777M	1.22B	2.39B	2.06B	1.03B	1.18B
OSB Growth	-	27.27%	26.74%	0.21%	-40.47%	57.01%	95.66%	-13.62%	-50.24%	15.40%
Plywood	-	-	-	823.9M	419M	656M	1.27B	937M	446M	514M
Plywood Growth	-	-	-	-	-49.14%	56.56%	93.45%	-26.16%	-52.40%	15.25%
Other products	-	-	-	69.4M	72M	88M	166M	107M	49M	44M
Other products Growth	-	-	-	-	3.75%	22.22%	88.64%	-35.54%	-54.21%	-10.20%
LSL	-	-	-	-	-	-	-3M	-	-	-
LSL Growth	-	-	-	-	-	-	-	-	-	-
Commodity Products	-	-	-	-	-	-1M	-	-	-	-
Commodity Products Growth	-	-	-	-	-	-	-	-	-	-
Siding	636.4M	752.3M	884M	-	-	-	-	-	-	-
Siding Growth	-	18.21%	17.51%	-	-	-	-	-	-	-
Engineered Wood Products	286.1M	296.9M	365.9M	-	-	-	-	-	-	-
Engineered Wood Products Growth	-	3.77%	23.24%	-	-	-	-	-	-	-
South America	134.9M	136.9M	155.3M	-	-	-	-	-	-	-
South America Growth	-	1.48%	13.44%	-	-	-	-	-	-	-
Intersegment Eliminations	-1.4M	-7.3M	-3.8M	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-421.43%	47.95%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	1.51B	1.88B	2.31B	2.41B	1.97B	2.42B	3.85B	3.33B	2.27B	2.61B
UNITED STATES Growth	-	24.55%	22.58%	4.42%	-18.31%	23.22%	58.68%	-13.49%	-31.96%	15.28%
CANADA	248M	682M	704M	861M	653M	643M	915M	827M	610M	675M
CANADA Growth	-	175.00%	3.23%	22.30%	-24.16%	-1.53%	42.30%	-9.62%	-26.24%	10.66%
South America	135M	137M	165M	174M	178M	185M	291M	273M	241M	214M
South America Growth	-	1.48%	20.44%	5.45%	2.30%	3.93%	57.30%	-6.19%	-11.72%	-11.20%
Intersegment Eliminations	-1M	-468M	-442M	-616M	-489M	-465M	-501M	-575M	-535M	-559M
Intersegment Eliminations Growth	-	-46700.00%	5.56%	-39.37%	20.62%	4.91%	-7.74%	-14.77%	6.96%	-4.49%

Frequently Asked Questions

Valuation & Price

Louisiana-Pacific Corporation (LPX) has a price-to-earnings (P/E) ratio of 15.9x. This is roughly in line with market averages.

Growth & Financials

Louisiana-Pacific Corporation (LPX) reported $2.82B in revenue for fiscal year 2024. This represents a 108% increase from $1.36B in 2011.

Louisiana-Pacific Corporation (LPX) grew revenue by 13.9% over the past year. This is steady growth.

Yes, Louisiana-Pacific Corporation (LPX) is profitable, generating $216.0M in net income for fiscal year 2024 (14.3% net margin).

Dividend & Returns

Yes, Louisiana-Pacific Corporation (LPX) pays a dividend with a yield of 1.11%. This makes it attractive for income-focused investors.

Louisiana-Pacific Corporation (LPX) has a return on equity (ROE) of 26.0%. This is excellent, indicating efficient use of shareholder capital.

Louisiana-Pacific Corporation (LPX) generated $143.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.