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Louisiana-Pacific

DB:LP3
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LP3
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Materials
Company 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. The last earnings update was 4 days ago. More info.


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LP3 Share Price and Events
7 Day Returns
7.5%
DB:LP3
1.4%
Europe Forestry
1.7%
DE Market
1 Year Returns
34.1%
DB:LP3
2.1%
Europe Forestry
15%
DE Market
LP3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Louisiana-Pacific (LP3) 7.5% 9.7% 20.6% 34.1% 36.5% 107.3%
Europe Forestry 1.4% 2.6% -2.1% 2.1% -8.3% 20.5%
DE Market 1.7% 0.8% 3.7% 15% 6.9% 7.3%
1 Year Return vs Industry and Market
  • LP3 outperformed the Forestry industry which returned 2.1% over the past year.
  • LP3 outperformed the Market in Germany which returned 15% over the past year.
Price Volatility
LP3
Industry
5yr Volatility vs Market

LP3 Value

 Is Louisiana-Pacific undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Louisiana-Pacific.

DB:LP3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:LP3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.269 (1 + (1- 21%) (10.24%))
1.249
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.249 * 5.44%)
6.41%

Discounted Cash Flow Calculation for DB:LP3 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:LP3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.41%)
2020 219.53 Analyst x4 206.31
2021 195.37 Analyst x3 172.55
2022 182.99 Est @ -6.34% 151.89
2023 174.66 Est @ -4.55% 136.25
2024 168.89 Est @ -3.3% 123.82
2025 164.78 Est @ -2.43% 113.54
2026 161.79 Est @ -1.82% 104.76
2027 159.54 Est @ -1.39% 97.09
2028 157.80 Est @ -1.09% 90.25
2029 156.41 Est @ -0.88% 84.07
Present value of next 10 years cash flows $1,280.00
DB:LP3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $156.41 × (1 + -0.39%) ÷ (6.41% – -0.39%)
$2,292.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,292.84 ÷ (1 + 6.41%)10
$1,232.38
DB:LP3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,280.00 + $1,232.38
$2,512.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,512.38 / 112.02
$22.43
DB:LP3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LP3 represents 0.92451x of NYSE:LPX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92451x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 22.43 x 0.92451
€20.73
Value per share (EUR) From above. €20.73
Current discount Discount to share price of €31.60
= -1 x (€31.60 - €20.73) / €20.73
-52.4%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
DB:LP3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.04
NYSE:LPX Share Price ** NYSE (2020-02-17) in USD $34.18
Europe Forestry Industry PE Ratio Median Figure of 30 Publicly-Listed Forestry Companies 11.15x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 21.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Louisiana-Pacific.

DB:LP3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:LPX Share Price ÷ EPS (both in USD)

= 34.18 ÷ -0.04

-840.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Louisiana-Pacific is loss making, we can't compare its value to the Europe Forestry industry average.
  • Louisiana-Pacific is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Louisiana-Pacific's expected growth come at a high price?
Raw Data
DB:LP3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -840.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
78.1%per year
Europe Forestry Industry PEG Ratio Median Figure of 21 Publicly-Listed Forestry Companies 0.38x
Germany Market PEG Ratio Median Figure of 260 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Louisiana-Pacific, 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?
Raw Data
DB:LP3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.85
NYSE:LPX Share Price * NYSE (2020-02-17) in USD $34.18
Europe Forestry Industry PB Ratio Median Figure of 38 Publicly-Listed Forestry Companies 1.07x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.94x
DB:LP3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:LPX Share Price ÷ Book Value per Share (both in USD)

= 34.18 ÷ 8.85

3.86x

* 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 Europe Forestry industry average.
X
Value checks
We assess Louisiana-Pacific's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Louisiana-Pacific has a total score of 0/6, 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.

LP3 Future Performance

 How is Louisiana-Pacific expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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!
Annual Growth Rate
78.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Louisiana-Pacific expected to grow at an attractive rate?
  • Louisiana-Pacific's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Louisiana-Pacific's earnings growth is expected to exceed the Germany market average.
  • Louisiana-Pacific's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LP3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LP3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 78.1%
DB:LP3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 7%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average -9.8%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 0.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
Raw Data
DB:LP3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LP3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,658 340 236 8
2020-12-31 2,551 323 222 10
2020-02-17
DB:LP3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,310 159 -5
2019-09-30 2,362 150 63
2019-06-30 2,496 243 185
2019-03-31 2,719 426 331
2018-12-31 2,828 511 399
2018-09-30 2,950 588 513
2018-06-30 2,931 580 500
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Louisiana-Pacific's earnings are expected to grow significantly at over 20% yearly.
  • Louisiana-Pacific's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:LP3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Louisiana-Pacific Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LP3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.09 2.41 1.92 6.00
2020-12-31 1.90 2.50 1.23 8.00
2020-02-17
DB:LP3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.04
2019-09-30 0.49
2019-06-30 1.38
2019-03-31 2.37
2018-12-31 2.79
2018-09-30 3.56
2018-06-30 3.46
2018-03-31 2.98
2017-12-31 2.72
2017-09-30 2.10
2017-06-30 1.79
2017-03-31 1.36

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Louisiana-Pacific is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Louisiana-Pacific's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Louisiana-Pacific has a total score of 4/6, 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.

LP3 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
Below we compare Louisiana-Pacific's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Louisiana-Pacific does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Louisiana-Pacific's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Louisiana-Pacific's 1-year growth to the Europe Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Louisiana-Pacific's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Louisiana-Pacific Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LP3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,310.00 -5.00 233.00
2019-09-30 2,362.00 62.80 228.40
2019-06-30 2,496.00 184.80 222.40
2019-03-31 2,719.00 330.80 214.40
2018-12-31 2,828.00 399.00 213.00
2018-09-30 2,949.60 512.80 203.40
2018-06-30 2,930.90 499.60 204.60
2018-03-31 2,814.00 431.10 201.80
2017-12-31 2,734.00 391.00 201.00
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

*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.
  • It is difficult to establish if Louisiana-Pacific has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Louisiana-Pacific used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • It is difficult to establish if Louisiana-Pacific improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Louisiana-Pacific's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Louisiana-Pacific has a total score of 0/6, 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.

LP3 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Louisiana-Pacific's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x 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.
Raw Data

All data from Louisiana-Pacific Company Filings, last reported 1 month ago.

DB:LP3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,001.00 347.00 181.00
2019-09-30 1,225.00 349.00 304.00
2019-06-30 1,291.00 349.00 348.00
2019-03-31 1,287.00 350.00 361.00
2018-12-31 1,700.00 351.00 878.00
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 1,604.50 375.20 928.00
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
  • Louisiana-Pacific's level of debt (34.7%) 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 (67.9% vs 34.7% today).
  • Debt is well covered by operating cash flow (45.8%, greater than 20% of total debt).
  • Louisiana-Pacific is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Louisiana-Pacific's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Louisiana-Pacific has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

LP3 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
Dividend payments
1.7%
Current annual income from Louisiana-Pacific dividends. Estimated to be 1.68% next year.
If you bought €2,000 of Louisiana-Pacific shares you are expected to receive €34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Louisiana-Pacific's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.31%).
  • Louisiana-Pacific's dividend is below the markets top 25% of dividend payers in Germany (3.59%).
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.
Raw Data
DB:LP3 Annualized Past and Future Dividends
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 10 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 4.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany 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.

DB:LP3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.58 5.00
2020-12-31 0.57 6.00
2020-02-17
DB:LP3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-07 0.580 1.754
2019-11-05 0.540 1.804
2019-08-06 0.540 2.184
2019-05-07 0.540 2.164
2019-02-14 0.540 2.166
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
2009-02-27 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Louisiana-Pacific has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Louisiana-Pacific only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Louisiana-Pacific's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Louisiana-Pacific's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Louisiana-Pacific has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LP3 Management

 What is the CEO of Louisiana-Pacific's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Southern
COMPENSATION $5,357,255
AGE 59
TENURE AS CEO 2.6 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 whilst company is loss making.
  • Brad's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Louisiana-Pacific management team in years:

1.8
Average Tenure
55
Average Age
  • The average tenure for the Louisiana-Pacific management team is less than 2 years, this suggests a new team.
Management Team

Brad Southern

TITLE
CEO & Director
COMPENSATION
$5M
AGE
59
TENURE
2.6 yrs

Neil Sherman

TITLE
Executive Vice President of the Siding Business
COMPENSATION
$1M
AGE
56
TENURE
4.9 yrs

Jason Ringblom

TITLE
Executive Vice President of Oriented Strand Board
COMPENSATION
$1M
AGE
36
TENURE
3.1 yrs

Alan J. Haughie

TITLE
Executive VP & CFO
AGE
55
TENURE
1.1 yrs

Derek Doyle

TITLE
VP, Controller & Chief Accounting Officer
AGE
43
TENURE
0.3 yrs

Dave Crowe

TITLE
VP of Corporate Engineering & Director of Technology

Don Walker

TITLE
VP & Chief Information Officer

Aaron Howald

TITLE
Director of Investor Relations
TENURE
0.3 yrs

Nicole Daniel

TITLE
Senior VP
AGE
50
TENURE
0.4 yrs

Mike Sims

TITLE
Senior Vice President of Corporate Marketing & Business Development
COMPENSATION
$1M
AGE
61
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Louisiana-Pacific board of directors in years:

4
Average Tenure
62
Average Age
  • The tenure for the Louisiana-Pacific board of directors is about average.
Board of Directors

E. Cook

TITLE
Independent Chairman of the Board
COMPENSATION
$438K
AGE
74
TENURE
15.3 yrs

Brad Southern

TITLE
CEO & Director
COMPENSATION
$5M
AGE
59
TENURE
3.1 yrs

Dustan McCoy

TITLE
Independent Director
COMPENSATION
$215K
AGE
69
TENURE
17.3 yrs

Kurt Landgraf

TITLE
Independent Director
COMPENSATION
$215K
AGE
72
TENURE
14.7 yrs

Liz Gottung

TITLE
Independent Director
COMPENSATION
$210K
AGE
62
TENURE
13.3 yrs

Tracy Embree

TITLE
Independent Director
COMPENSATION
$200K
AGE
45
TENURE
4 yrs

Ozey Horton

TITLE
Independent Director
COMPENSATION
$200K
AGE
68
TENURE
3.4 yrs

Steve Macadam

TITLE
Director
AGE
58
TENURE
1 yrs

Nick Grasberger

TITLE
Director
AGE
55
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Louisiana-Pacific individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Nov 19 Sell E. Cook Individual 25. Nov 19 25. Nov 19 -10,000 €27.21 €-272,066
20. Nov 19 Buy William Southern Individual 19. Nov 19 19. Nov 19 3,745 €26.50 €99,233
X
Management checks
We assess Louisiana-Pacific's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

LP3 News

Simply Wall St News

LP3 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 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, wholesalers, distributors, and homebuilding and industrial businesses 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
LP3
Exchange: DB
Founded: 1973
$3,534,028,542
112,020,187
Website: http://www.lpcorp.com
Address: Louisiana-Pacific Corporation
414 Union Street,
Suite 2000,
Nashville,
Tennessee, 37219-1700,
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
Staff numbers
4,800
Louisiana-Pacific employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/17 21:03
End of day share price update: 2020/02/17 00:00
Last estimates confirmation: 2020/02/12
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.