$Louisiana-Pacific (LPX.US)$🎯 2023.8.3 The current price is...

New data: 3 quarters and full year after 2022, first 2 quarters of 2023

Revenue shrank by 1.6% in 2022, operating profit declined by 28.8% due to a sharp increase in costs and expenses, and net profit fell by only 21.1% due to the suspension of operating profit of 200 million yuan. Interest income of 4 million, no interest burden.

In the first two quarters of 2023, revenue fell 48%, operating profit fell 94%, and net profit almost returned to zero.

The balance sheet shows long-term loans of $377 million, accounting for 26.6% of the net assets of $1,418 million, and the leverage ratio is not high. The share capital has been declining rapidly in recent years, which has contributed to earnings per share.

Net cash flow from operating over the past five years has been much higher than net investment, and shareholders' surpluses are high.

Currently, the price-earnings ratio is 4.8, and the price-earnings ratio TTM has soared to 18.9. If the 5-year average net profit is 670 million, the price-earnings ratio is 7.2, but the profit for the first half of 2022 is significantly lower than the level of 2017, which will further lower the average profit and further increase the price-earnings ratio. Currently, the valuation is slightly higher, but considering that the balance sheet is very healthy and the positions are not heavy, there is currently no need for adjustment.