Financials International Paper Company

Equities

IP

US4601461035

Paper Packaging

Market Closed - Nyse Other stock markets 04:00:02 2025-06-13 pm EDT			5-day change	1st Jan Change
45.89 ^USD	-2.67%		-3.08%	-14.73%

Jun. 05	Kimberly-Clark sells majority stake in international tissue unit to Brazil's Suzano	RE
Jun. 04	UBS Initiates Coverage on International Paper With Buy Rating, $60 Price Target	MT

Projected Income Statement: International Paper Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	20,580	19,363	21,161	18,916	18,619	26,245	27,611	28,000
Change	-	-5.91%	9.29%	-10.61%	-1.57%	40.96%	5.2%	1.41%
EBITDA ¹	2,830	2,711	2,854	2,232	2,000	3,542	4,353	4,823
Change	-	-4.2%	5.27%	-21.79%	-10.39%	77.09%	22.9%	10.8%
EBIT ¹	1,543	1,501	1,814	1,222	700	1,749	2,674	2,979
Change	-	-2.72%	20.85%	-32.64%	-42.72%	149.85%	52.87%	11.41%
Interest Paid ¹	-444	-337	-325	-231	-208	-376.1	-379.5	-385.4
Earnings before Tax (EBT) ¹	650	999	1,511	382	147	1,137	2,313	2,834
Change	-	53.69%	51.25%	-74.72%	-61.52%	673.49%	103.46%	22.5%
Net income ¹	482	1,752	1,504	288	557	804.2	1,683	2,011
Change	-	263.49%	-14.16%	-80.85%	93.4%	44.38%	109.26%	19.48%
Announcement Date	2/4/21	1/27/22	1/31/23	2/1/24	1/30/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	4,866	5,123	5,239	5,363	5,616	5,714	5,086	5,237	5,389	5,402	5,133	5,020	4,682	4,613	4,601	4,619	4,734	4,686	4,580	5,901	6,626	6,796	6,806	6,792	6,843	6,673	7,051	8,589
Change	-	5.28%	2.26%	2.37%	4.72%	1.75%	-10.99%	2.97%	2.9%	0.24%	-4.98%	-2.2%	-6.73%	-1.47%	-0.26%	0.39%	2.49%	-1.01%	-2.26%	28.84%	12.29%	2.57%	0.14%	-0.21%	0.76%	-2.49%	5.66%	21.82%
EBITDA ¹	689	705	666	729	793	937	643	597	825	710	722	539	570	590	533	423	560	500	505	769	774	976	1,003	1,007	1,062	1,180	1,235	1,306
Change	-	2.32%	-5.53%	9.46%	8.78%	18.16%	-31.38%	-7.15%	38.19%	-13.94%	1.69%	-25.35%	5.75%	3.51%	-9.66%	-20.64%	32.39%	-10.71%	1%	52.28%	0.65%	26.1%	2.73%	0.41%	5.45%	11.11%	4.67%	5.72%
EBIT ¹	377	385	334	420	487	619	366	336	558	449	471	298	326	332	266	145	299	233	6	198	361.8	559.8	587.2	635.2	581.5	703.5	820.5	878.7
Change	-	2.12%	-13.25%	25.75%	15.95%	27.1%	-40.87%	-8.2%	66.07%	-19.53%	4.9%	-36.73%	9.4%	1.84%	-19.88%	-45.49%	106.21%	-22.07%	-97.42%	3,200%	82.75%	54.7%	4.91%	8.16%	-8.45%	20.98%	16.63%	7.09%
Charge d'intérêts ¹	-116	-112	-99	-92	-57	-93	-76	-69	-74	-123	-59	-62	-59	-58	-52	-46	-55	-51	-56	-81	-96.8	-97.8	-96.3	-96.2	-96.2	-96.2	-96.2	-
Earnings before Tax (EBT) ¹	261	282	123	399	432	916	44	362	514	313	322	221	255	232	-326	85	206	80	-224	-135	254	465.4	498	484.9	558.5	656	730.2	779.2
Change	-	8.05%	-56.38%	224.39%	8.27%	112.04%	-95.2%	722.73%	41.99%	-39.11%	2.88%	-31.37%	15.38%	-9.02%	-240.52%	126.07%	142.35%	-61.17%	-380%	39.73%	288.15%	83.23%	7.01%	-2.63%	15.17%	17.45%	11.31%	6.71%
Net income ¹	266	204	153	349	432	864	107	360	511	951	-318	172	235	165	-284	56	498	150	-147	-105	192.1	333	342.8	368	418.4	494.5	552.5	589.8
Change	-	-23.31%	-25%	128.1%	23.78%	100%	-87.62%	236.45%	41.94%	86.11%	-133.44%	154.09%	36.63%	-29.79%	-272.12%	119.72%	789.29%	-69.88%	-198%	28.57%	282.92%	73.35%	2.94%	7.36%	13.7%	18.19%	11.73%	6.75%
Announcement Date	7/30/20	10/29/20	2/4/21	4/29/21	7/29/21	10/27/21	1/27/22	4/28/22	7/28/22	10/27/22	1/31/23	4/27/23	7/27/23	10/26/23	2/1/24	4/25/24	7/24/24	10/31/24	1/30/25	4/30/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: International Paper Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	7,498	4,284	6,118	4,480	4,391	8,725	8,650	8,805
Change	-	-42.86%	42.81%	-26.77%	-1.99%	98.7%	-0.86%	1.79%
Announcement Date	2/4/21	1/27/22	1/31/23	2/1/24	1/30/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: International Paper Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	751	549	931	1,141	921	1,830	1,894	1,948
Change	-	-26.9%	69.58%	22.56%	-19.28%	98.75%	3.48%	2.82%
Free Cash Flow (FCF) ¹	2,312	1,481	1,243	692	800	349.6	1,393	1,812
Change	-	-35.94%	-16.07%	-44.33%	15.61%	-56.3%	298.48%	30.05%
Announcement Date	2/4/21	1/27/22	1/31/23	2/1/24	1/30/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: International Paper Company

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	13.75%	14%	13.49%	11.8%	10.74%	13.49%	15.77%	17.23%
EBIT Margin (%)	7.5%	7.75%	8.57%	6.46%	3.76%	6.66%	9.68%	10.64%
EBT Margin (%)	3.16%	5.16%	7.14%	2.02%	0.79%	4.33%	8.38%	10.12%
Net margin (%)	2.34%	9.05%	7.11%	1.52%	2.99%	3.06%	6.09%	7.18%
FCF margin (%)	11.23%	7.65%	5.87%	3.66%	4.3%	1.33%	5.04%	6.47%
FCF / Net Income (%)	479.67%	84.53%	82.65%	240.28%	143.63%	43.47%	82.77%	90.1%
Profitability
ROA	3.4%	4.41%	4.75%	3.2%	2.42%	3.43%	4.53%	4.2%
ROE	14.22%	14.82%	13.29%	8.96%	8.74%	7.02%	9.4%	11.24%
Financial Health
Leverage (Debt/EBITDA)	2.65x	1.58x	2.14x	2.01x	2.2x	2.46x	1.99x	1.83x
Debt / Free cash flow	3.24x	2.89x	4.92x	6.47x	5.49x	24.96x	6.21x	4.86x
Capital Intensity
CAPEX / Current Assets (%)	3.65%	2.84%	4.4%	6.03%	4.95%	6.97%	6.86%	6.96%
CAPEX / EBITDA (%)	26.54%	20.25%	32.62%	51.12%	46.05%	51.68%	43.51%	40.38%
CAPEX / FCF (%)	32.48%	37.07%	74.9%	164.88%	115.12%	523.63%	135.98%	107.5%
Items per share
Cash flow per share ¹	7.741	5.173	5.924	5.251	4.737	3.781	6.215	7.11
Change	-	-33.17%	14.51%	-11.36%	-9.77%	-20.18%	64.37%	14.4%
Dividend per Share ¹	2.05	2	1.85	1.85	1.85	1.865	1.89	1.942
Change	-	-2.44%	-7.5%	0%	0%	0.8%	1.33%	2.77%
Book Value Per Share ¹	19.85	23.14	24.26	24.15	23.53	34.43	35.38	37.13
Change	-	16.61%	4.81%	-0.45%	-2.57%	46.34%	2.76%	4.96%
EPS ¹	1.22	4.47	4.1	0.82	1.57	1.656	3.284	4.036
Change	-	266.39%	-8.28%	-80%	91.46%	5.45%	98.38%	22.87%
Nbr of stocks (in thousands)	393,095	387,263	355,670	346,017	347,408	527,902	527,902	527,902
Announcement Date	2/4/21	1/27/22	1/31/23	2/1/24	1/30/25	-	-	-