Owner Scorecard


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An industry chapter · Paper & Forest Products

Paper & Forest Products

11 members, 3861 to WFG, A to Z by ticker.

Gross profitability
median 18% — gross profit as a share of total assets, each member's median across its readable years; read on 9 of 11 members
Capital intensity
median 5.5% — capital expenditure as a share of revenue, each member's median across its readable years; read on 11 of 11 members
Net cash
1 of the 11 members with a readable debt line hold more cash and short-term investments than total debt

Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.

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3861 Oji Holdings

A diversified business; where the profit really comes from, and whether it is earned or bought, is what the segment detail settles.

Owner earnings 2017–2026 ¥102.5B¥58.4B¥81.4B¥61.1B¥64.3B¥77.7B(¥54.8B)¥123.4B¥5.2B¥20.9B

Retained capital Retained ¥299.8B of earnings over 2017–2026; annual owner earnings fell ¥30.9B, ¥-0.10 per ¥1 retained.

Balance sheet Heavy net debt, ¥872.6B · dividend paid 10 of 10 yrs, never cut

IP International Paper Company

International Paper Company is a global leader in sustainable packaging solutions.

Owner earnings 2016–2025 $1.2B$477M$1.7B$2.5B$2.4B$1.6B$1.2B$692M$757M($159M)

Retained capital Paid out $4.2B more than it earned over 2016–2025; annual owner earnings fell $693M.

Balance sheet Meaningful net debt, $8.7B · dividend paid 10 of 10 yrs, cut at least once

LPX Louisiana-Pacific Corporation

We are a leading provider of high-performance building solutions that meet the demands of builders, remodelers, and homeowners worldwide.

Owner earnings 2016–2025 $218M$325M$297M($4M)$588M$1.2B$730M$16M$422M$91M

Retained capital Retained $553M of earnings over 2016–2025; annual owner earnings fell $103M, $-0.19 per $1 retained.

Balance sheet Modest net debt, $58M · dividend paid 8 of 10 yrs, never cut

MAGN Magnera Corporation

The Company is a leading global supplier of a diverse portfolio of innovative specialty materials comprised of organic and synthetic raw ingredients.

Owner earnings 2016–2025 ($8M)$11M($48M)$75M$81M$41M($79M)$169M$120M$36M

Retained capital Paid out $767M more than it earned over 2016–2025; annual owner earnings grew $123M.

Balance sheet Heavy net debt, $1.6B · dividend paid 7 of 10 yrs, cut at least once

MATV Mativ Holdings

Mativ Holdings, Inc. is a global leader in specialty materials, solving our customers' most complex challenges by engineering bold, innovative solutions that connect, protect, and purify our world.

Owner earnings 2016–2025 $102M$94M$112M$132M$132M$39M$157M$41M$40M$94M

Retained capital Paid out $750M more than it earned over 2016–2025; annual owner earnings fell $45M.

Balance sheet Net debt against an operating loss, $1.2B · dividend paid 10 of 10 yrs, cut at least once

MERC Mercer International Inc.

Mercer International Inc. markets for kraft pulp are global, cyclical and commodity-based.

Owner earnings 2016–2025 $98M$84M$150M$112M($37M)$23M$182M($205M)$6M($80M)

Retained capital Paid out $445M more than it earned over 2016–2025; annual owner earnings fell $204M.

Balance sheet Net debt against an operating loss, $1.3B · dividend paid 10 of 10 yrs, cut at least once

RYAM Rayonier Advanced Materials Inc.

A capital-intensive business, run on heavy physical assets that must be kept working and earn a return above what they cost to maintain.

Owner earnings 2016–2021 $144M$55M$118M($49M)$61M$138M

Retained capital Retained $471M of earnings over 2016–2021; annual owner earnings fell $55M, $-0.12 per $1 retained.

Balance sheet Heavy net debt, $1.0B · buybacks at an average near $16.64 · dividend paid 4 of 6 yrs, cut at least once

SLVM Sylvamo Corporation

Sylvamo Corporation is a global uncoated papers company with a broad portfolio of top-tier brands and low-cost, large-scale paper mills located in and serving the most attractive geographies, including Europe, Latin America and North America, which are our business segments.

Owner earnings 2019–2025 $406M$293M$480M$289M$361M$310M$89M

Retained capital Retained $1.2B of earnings over 2019–2025; annual owner earnings fell $140M, $-0.12 per $1 retained.

Balance sheet Heavy net debt, $1.3B · dividend paid 4 of 7 yrs, never cut

SUZ Suzano S.A.

Revenue is Market pulp (75%), Printing and writing paper (16%) and Paperboard (8%).

Owner earnings 2016–2025 R$2.2BR$2.2BR$3.9BR$5.6BR$11.6BR$15.5BR$14.2BR$10.0BR$11.4BR$13.6B

Retained capital Retained R$30.9B of earnings over 2016–2025; annual owner earnings grew R$8.9B, R$0.29 per R$1 retained.

Balance sheet Heavy net debt, R$76.0B · dividend paid 8 of 10 yrs, cut at least once

UFPI UFP Industries

UFP Industries is a holding company with subsidiaries throughout the United States, Mexico, Canada, Spain, India and Australia that design, manufacture and supply products made from wood, wood and non-wood composites, and other materials to three segments: retail, packaging, and construction.

Owner earnings 2016–2025 $132M$88M$62M$289M$273M$428M$738M$849M$518M$407M

Retained capital Retained $2.0B of earnings over 2016–2025; annual owner earnings grew $498M, $0.25 per $1 retained.

Balance sheet Net cash, +$719M · buybacks at an average near $80.34 · dividend paid 10 of 10 yrs, never cut

WFG West Fraser Timber Co. Ltd

West Fraser is a diversified wood products company with facilities in Canada, the U.S., the U.K. and Europe, manufacturing, marketing, selling, and distributing lumber, engineered wood products, northern bleached softwood kraft pulp, paper, wood chips and other residuals.

Owner earnings 2020–2025 $788M$2.9B$1.7B$48M$174M($315M)

Retained capital Retained $177M of earnings over 2020–2025; annual owner earnings fell $1.8B.

Balance sheet Net debt against an operating loss, $98M · dividend paid 6 of 6 yrs, never cut

The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.