International Paper Co Stock Research

Market Summary

USD34.67+0.19

Market Closed

0.55%

IP Alerts

1 major insider sales recently.
Big fall in earnings (Y/Y)
Losses in recent quarter

IP Stock Price

IP RSI Chart

IP Valuation

Market Cap

15.6B

Price/Earnings (Trailing)

10.35

Price/Sales (Trailing)

0.74

EV/EBITDA

8.79

Price/Free Cashflow

7.16

IP Price/Sales (Trailing)

IP Profitability

EBT Margin

7.14%

Return on Equity

17.7%

Return on Assets

6.28%

Free Cashflow Yield

13.97%

IP Fundamentals

IP Revenue

Revenue (TTM)

21.2B

Revenue Y/Y

0.92%

Revenue Q/Q

-4.98%

IP Earnings

Earnings (TTM)

1.5B

Earnings Y/Y

-397.2%

Earnings Q/Q

-133.44%

Price Action

52 Week Range

30.3048.60

(Low)(High)

Last 7 days

-6.4%

Last 30 days

-11.0%

Last 90 days

-5.6%

Trailing 12 Months

-17.5%

IP Financial Health

Current Ratio

1.35

Debt/Equity

0.57

Debt/Cashflow

0.45

IP Investor Care

Dividend Yield

5.34%

Dividend/Share (TTM)

1.85

Diluted EPS (TTM)

4.07

Peers (Alternatives to International Paper)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMCR	16.1B	15.0B	-6.20%	-1.57%	15.03	1.07	10.18%	12.64%
IP	15.6B	21.2B	-10.97%	-17.49%	10.35	0.74	9.29%	-14.16%
AVY	13.9B	9.0B	-7.59%	2.89%	18.33	1.54	7.50%	2.30%
PKG	13.4B	8.5B	-9.56%	-13.97%	12.92	1.56	9.67%	22.43%
MID-CAP
ATR	7.4B	3.3B	1.44%	-3.61%	30.76	2.22	2.94%	-1.97%
GPK	7.3B	9.4B	-0.43%	21.23%	13.91	0.77	31.92%	155.88%
WRK	7.1B	21.2B	-16.68%	-39.08%	8.76	0.33	10.00%	-7.02%
SEE	6.5B	5.6B	-11.56%	-32.88%	13.18	1.15	1.95%	-3.00%
BERY	6.0B	14.0B	-12.15%	-5.21%	7.93	0.41	-2.13%	3.73%
SON	5.4B	7.3B	-8.96%	-1.91%	11.61	0.75	29.70%	645.69%
SMALL-CAP
RFP	1.7B	3.8B	2.67%	75.78%	3.96	0.44	5.89%	10.97%
SWM	1.0B	2.2B	-16.30%	-38.34%	-157.85	0.48	50.51%	-107.42%
UFPT	860.4M	318.9M	0.36%	99.41%	23.54	2.7	63.43%	117.03%
MYE	728.6M	881.1M	-16.62%	8.31%	13.47	0.83	25.99%	84.79%
NP	537.2M	-	-16.08%	-33.97%	-19.54	0.49	-	-

Financials for International Paper

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.2%	21,161	21,114	20,626	20,007	19,363
S&GA Expenses	-2.2%	1,293	1,322	1,328	1,424	1,385
EBITDA	13.7%	2,226	1,957	2,601	2,275	2,278
EBITDA Margin	13.5%	0.11*	0.09*	0.13*	0.11*	0.11*
Earnings Before Taxes	22.5%	1,511	1,233	1,317	1,055	999
EBT Margin	22.3%	0.07*	0.06*	0.09*	0.07*	0.07*
Interest Expenses	5.0%	-325	-342	-301	-313	-337
Net Income	-22.0%	1,504	1,929	1,842	1,763	1,752
Net Income Margin	-22.2%	0.07*	0.09*	0.09*	0.08*	0.08*
Free Cahsflow	43.0%	2,174	1,520	1,730	2,106	2,030

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-3.7%	23,940	24,865	25,282	25,158	25,243
Current Assets	2.2%	6,770	6,622	7,046	7,184	7,096
Cash Equivalents	57.3%	804	511	826	1,031	1,295
Inventory	-1.7%	1,942	1,976	1,897	1,746	1,814
Net PPE	2.1%	10,431	10,219	10,234	10,336	10,441
Goodwill	-2.4%	3,041	3,116	3,124	3,128	3,130
Current Liabilities	4.1%	5,000	4,805	4,352	4,142	4,144
Long Term Debt	1.0%	4,816	4,766	5,275	5,468	5,383
LT Debt, Current	-	196	-	-	-	-
Shareholder's Equity	-10.4%	8,497	9,488	9,043	8,887	9,082
Retained Earnings	-4.7%	9,855	10,340	9,557	9,218	9,029
Additional Paid-In Capital	0.5%	4,725	4,702	4,675	4,670	4,668
Accumulated Depreciation	0.6%	18,100	18,000	17,800	17,600	-
Shares Outstanding	0%	449	449	449	449	449
Minority Interest	-	-	-	-	-	-
Float	-	23,888	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	43.0%	2,174	1,520	1,730	2,106	2,030
Cashflow From Investing	-43.7%	-608	-423	5,251	5,616	6,054
Cashflow From Financing	51.0%	-2,054	-4,196	-6,886	-7,454	-7,375
Dividend Payments	-2.0%	673	687	721	752	780
Buy Backs	-14.8%	1,284	1,507	1,449	1,112	839

Risks for IP

What is the probability of a big loss on IP?

76.2%

Probability that International Paper stock will be more than 20% underwater in next one year

41.9%

Probability that International Paper stock will be more than 30% underwater in next one year.

Probability that International Paper stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if International Paper was unfortunately bought at previous high price.

Drawdowns

Returns for IP

Cumulative Returns on IP

1.7%

10-Year Cumulative Returns

2.5%

7-Year Cumulative Returns

-3.9%

5-Year Cumulative Returns

7.0%

3-Year Cumulative Returns

What are the long-term rolling returns for IP?

FIve years rolling returns for International Paper.

Annualized Returns

Which funds bought or sold IP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	15.62	235,997	1,134,000	0.03%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-5.04	1,475,230	40,944,200	0.04%
2023-03-06	Rockefeller Capital Management L.P.	added	13.92	194,000	985,000	-%
2023-02-28	Voya Investment Management LLC	added	4.36	698,489	5,678,490	0.01%
2023-02-24	NATIXIS	added	68.47	1,573,850	3,451,850	0.02%
2023-02-24	National Pension Service	added	1.63	1,842,740	20,883,300	0.04%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	101,000	1,201,000	0.01%
2023-02-22	CVA Family Office, LLC	new	-	22,683	22,683	0.01%
2023-02-21	SECURITY NATIONAL BANK OF SO DAK	added	0.71	61,000	665,000	0.48%
2023-02-21	Empirical Finance, LLC	added	6.84	49,906	350,906	0.04%

Latest Funds Activity

Are funds buying IP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own IP

No. of Funds

International Paper News

Schedule 13G FIlings of International Paper

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 08, 2023	blackrock inc.	10.2%	35,860,891	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	7.4%	26,149,241	SC 13G/A
Feb 09, 2023	vanguard group inc	11.86%	42,185,372	SC 13G/A
Jan 24, 2023	blackrock inc.	9.97%	35,492,016	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	6.7%	26,103,244	SC 13G/A
Feb 14, 2022	state street corp	6.24%	24,180,390	SC 13G/A
Feb 09, 2022	vanguard group inc	11.64%	45,092,319	SC 13G/A
Feb 01, 2022	blackrock inc.	8.1%	31,451,662	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	10.1%	40,043,391	SC 13G/A
Feb 12, 2021	state street corp	6.29%	24,712,506	SC 13G

IP Fair Value

International Paper fair value in different scenarios

The table shows the Fair Value estimates for International Paper for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	22.74 -34.41%	27.41 -20.94%	35.02 1.01%	42.19 21.69%	62.60 80.56%
Current Inflation	21.47 -38.07%	25.75 -25.73%	32.66 -5.80%	37.81 9.06%	54.87 58.26%
Very High Inflation	19.85 -42.75%	23.64 -31.81%	29.68 -14.39%	32.60 -5.97%	45.92 32.45%

Historical International Paper Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of International Paper

View All Filings

Date Filed	Form Type	Document
Mar 08, 2023	SC 13G/A	Major Ownership Report
Feb 23, 2023	4	Insider Trading
Feb 17, 2023	10-K	Annual Report
Feb 17, 2023	4	Insider Trading
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	4	Insider Trading
Feb 07, 2023	4	Insider Trading
Feb 07, 2023	4	Insider Trading

Latest Insider Trading transactions for IP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-22	Gregg Aimee K.	gifted	-	-	-301	senior vice president
2023-02-22	Gregg Aimee K.	sold	-67,125	36.05	-1,862	senior vice president
2023-02-16	Nicholls Timothy S	sold	-194,730	38.9461	-5,000	senior vice president
2023-02-03	WANTA GREGORY T	acquired	-	-	26,294	senior vice president
2023-02-03	PLATH THOMAS J.	sold (taxes)	-174,430	40.85	-4,270	senior vice president
2023-02-03	Hamic William Thomas	acquired	-	-	12,008	senior vice president
2023-02-03	Royalty James P Jr.	sold (taxes)	-133,294	40.85	-3,263	senior vice president
2023-02-03	Saab Joseph R.	acquired	-	-	4,657	svp, gc and corp. secretary
2023-02-03	Magness Allison B.	sold (taxes)	-59,886	40.85	-1,466	senior vice president
2023-02-03	Nicholls Timothy S	acquired	-	-	47,499	senior vice president

About International Paper

Mark S. Sutton

www.internationalpaper.com

31000

International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Global Cellulose Fibers segment provides fluff, market, and specialty pulps that are used in absorbent hygiene products, such as baby diapers, feminine care, adult incontinence, and other non-woven products; tissue and paper products; and non-absorbent end applications, including textiles, filtration, construction material, paints and coatings, reinforced plastics, and other applications. It sells its products directly to end users and converters, as well as through agents, resellers, and paper distributors. The company was founded in 1898 and is headquartered in Memphis, Tennessee.

IP Income Statement

2022-12-31

Consolidated Statement Of Operations - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

NET SALES

^[1]

$ 21,161

$ 19,363

$ 17,565

COSTS AND EXPENSES

Cost of products sold

15,143

13,832

12,339

Selling and administrative expenses

1,293

1,385

1,353

Depreciation, amortization and cost of timber harvested

1,040

1,097

1,091

Distribution expenses

1,783

1,444

1,287

Taxes other than payroll and income taxes

148

139

136

Restructuring and other charges, net

509

195

Net (gains) losses on sales and impairments of businesses

(7)

465

Net (gains) losses on sales of equity method investments

(204)

(35)

Net (gains) losses on mark to market investments

(65)

Interest expense, net

325

337

446

Non-operating pension (income) expense

(192)

(200)

(41)

Earnings (loss) from continuing operations before income taxes and equity earnings

1,511

^[2]

999

^[3]

329

Income tax provision (benefit)

(236)

188

176

Equity earnings (loss), net of taxes

(6)

EARNINGS (LOSS) FROM CONTINUING OPERATIONS

1,741

813

182

Discontinued operations, net of taxes

(237)

^[4]

941

^[5]

300

Net income

1,504

1,754

482

Less: Net earnings (loss) attributable to noncontrolling interests

NET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY

$ 1,504

^[2],[4],[6]

$ 1,752

^{[3],[5],[7],[8]}

$ 482

BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS

Earnings (loss) from continuing operations

$ 4.79

$ 2.08

$ 0.46

Discontinued operations, net of taxes

(0.65)

2.42

0.77

Net earnings (loss)

4.14

4.50

1.23

DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON SHAREHOLDERS

Earnings (loss) from continuing operations

4.74

2.07

0.46

Discontinued operations, net of taxes

(0.64)

2.40

0.76

Net earnings (loss)

$ 4.10

$ 4.47

$ 1.22

[1]

Net sales are attributed to countries based on the location of the seller.

[2]

(a) Includes the following pre-tax charges (gains):


	2022
In millions	Q1		Q2		Q3		Q4
Debt extinguishment costs	$	—	$	—	$	93	$	—
EMEA Packaging goodwill impairment	—		—		—		76
Foreign currency cumulative translation loss related to sale of equity method investment	—		—		—		10
Timber monetization settlement interest	—		—		55		3
Litigation reserve adjustments	—		—		(15)		11
Environmental remediation reserve adjustment	—		15		—		48
Sylvamo investment - fair value adjustment	(46)		(3)		(16)		—
Other items	—		6		—		(4)
Non-operating pension expense	(49)		(47)		(48)		(48)
Total	$	(95)	$	(29)	$	69	$	96

[3]

(d) Includes the following pre-tax charges (gains):

2021

In millions

Debt extinguishment costs

170

238

EMEA Packaging business optimization

—

Building a Better IP

—

Legal reserve adjustment

—

(5)

Environmental remediation reserve adjustment

—

Gain on sale of equity investment in Graphic Packaging

(74)

(130)

—

EMEA Packaging impairment - Turkey

(9)

—

Sylvamo investment - fair value adjustment

—

Real estate - office impairment

—

Other items

—

Non-operating pension expense

(52)

(51)

(50)

(47)

Total

(94)

IP Balance Sheet

2022-12-31

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and temporary investments	$ 804	$ 1,295
Accounts and notes receivable (less allowances of $31 in 2022 and $34 in 2021)	3,284	3,232
Contract assets	481	378
Inventories	1,942	1,814
Current investments	0	245
Assets held for sale	133	0
Other current assets	126	132
Total Current Assets	6,770	7,096
Plants, Properties and Equipment, net	10,431	10,441
Long-Term Investments	186	194
Long-Term Financial Assets of Variable Interest Entities (Note 15)	2,294	2,275
Goodwill	3,041	3,130
Overfunded Pension Plan Assets	297	595
Right of Use Assets	424	365
Long-Term Assets Held for Sale	0	557
Deferred Charges and Other Assets	497	590
TOTAL ASSETS	23,940	25,243
Current Liabilities
Notes payable and current maturities of long-term debt	763	196
Accounts payable	2,708	2,606
Accrued payroll and benefits	355	440
Other current liabilities	1,174	902
Total Current Liabilities	5,000	4,144
Long-Term Debt	4,816	5,383
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15)	2,106	2,099
Deferred Income Taxes	1,732	2,618
Underfunded Pension Benefit Obligation	281	377
Postretirement and Postemployment Benefit Obligation	150	205
Long-Term Lease Obligations	283	236
Other Liabilities	1,075	1,099
Commitments and Contingent Liabilities (Note 14)
Equity
Common stock $1 par value, 2022 - 448.9 shares and 2021 - 448.9 shares	449	449
Paid-in capital	4,725	4,668
Retained earnings	9,855	9,029
Accumulated other comprehensive loss	(1,925)	(1,666)
Total Shareholders' Equity Before Treasury Stock	13,104	12,480
Less: Common stock held in treasury, at cost, 2022 – 98.6 shares and 2021 – 70.4 shares	4,607	3,398
Total Equity	8,497	9,082
TOTAL LIABILITIES AND EQUITY	$ 23,940	$ 25,243