International Paper Co (IP)
Materials · Paper & Plastic Packaging Products & Materials · US stock · S&P 500 component
$34.05
▼ -0.05 (0.15%)
Fair valueOvervalued
$24 −30.0% to fair value
$12fair band $17–$31$36
Day's range
$33.64 – $34.85
52-week range
$28.51 – $48.47
Red flags⚠ Heavy dilution⚠ Dividend may be at risk
About International Paper Co
International Paper is a packaging company that makes containerboard and corrugated boxes from wood fibre, mainly for consumer goods, food, e-commerce and industrial customers. It operates mills and box plants in North America and Europe, and supplies customers who need shipping and protective packaging. The company is based in Memphis, Tennessee.
International Paper earns revenue from supplying packaging products and the paper used to make them. Revenue is $24.2 billion over the last twelve months, growing at 3.8% a year across three years. However, the operating margin is -11.3%, meaning the business records an operating loss, and it earns -9% on the capital invested in it. It has net debt of 180.7 times EBITDA, a very high reading that points to thin earnings. The dividend yield is 5.4%. On the site's X-Ray Score it receives 36 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $28.51 – $48.47Volume 5,514,800Daily, split-adjusted
Vitals
Market cap$18.0B
52-week range$28.51 – $48.47
Volume (last day)5,514,800
P/E (TTM)–
EBIT / EV yield-10.3%
Free-cash-flow yield2.7%
Dividend yield5.4%
Revenue (TTM)$24.2B
Net income (TTM)−$3.4B
Operating margin-11.3%
Return on capital-9.4%
Debt incl. leases$9.2B
Cash & securities$726M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$24
Overvalued
−30.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Loss-making or insufficient history: no DCF/EPV
Price $34
Undervalued < $17Fair $17 – $31Overvalued > $31
Peer multiples
$24
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Valuation
Weak
23/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield-10.3%
Free-cash-flow yield2.7%
Fair value vs price0.7×
Growth
Strong
72/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)3.8%
Growth consistency60%
Profitability
Weak
36/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital-9.4%
Operating margin-11.3%
Gross profitability19.7%
Financial health
Weak
7/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score3 / 9
Net debt / EBITDA180.7×
Interest cover-5.1×
Dividends
Fair
57/100
Dividend is typical for its sector.
See the numbers →
Dividend yield5.4%
Dividends vs free cash flow199%
Dividend growth13.2%
Quarterly results: last 6 quarters
+34.5%
Mar '25
+52.8%
Jun '25
+56.4%
Sep '25
+53.1%
Dec '25
+13.4%
Mar '26
-2.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.0B, diluted EPS $-0.02.
Compare with peers
AVY Avery Dennison Corp60 PKG Packaging Corp Of Amer...56 AMCR Amcor plc55 SW Smurfit Westrock plc52Other Paper & Plastic Packaging Products & Materials companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 2 Average · ● 9 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 34/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $19.4B | $21.2B | $16.0B | $15.8B | $23.6B |
| Operating income | $1.4B | $1.9B | $820M | $801M | −$2.8B |
| Net income | $1.8B | $1.5B | $288M | $557M | −$3.5B |
| Operating cash flow | $2.0B | $2.2B | $1.8B | $1.7B | $1.7B |
| Operating margin | 7.4% | 9.0% | 5.1% | 5.1% | -11.9% |
| Free cash flow | $1.6B | $1.2B | $692M | $757M | −$159M |
| Diluted EPS | $4.47 | $4.10 | $0.82 | $1.57 | $-6.95 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
5 bullish · 4 neutral · 7 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 32.36 | Bullish |
| EMA 10 | 32.86 | Bullish |
| SMA 20 | 33.26 | Bullish |
| EMA 20 | 33.35 | Bullish |
| SMA 50 | 36.26 | Bearish |
| EMA 50 | 35.05 | Bearish |
| SMA 100 | 36.62 | Bearish |
| EMA 100 | 35.99 | Bearish |
| SMA 200 | 36.99 | Bearish |
| EMA 200 | 37.19 | Bearish |
Oscillators (daily)
| RSI (14) | 51.50 | Neutral |
| MACD (12, 26) | -0.88 | Bearish |
| Momentum (12) | 2.65 | Bullish |
| Stochastic %K (14) | 78.61 | Neutral |
| Williams %R (14) | -21.39 | Neutral |
| CCI (20) | 43.90 | Neutral |
Pivot points (classic, last session)
S3 32.30 | S2 32.97 | S1 33.51 | Pivot 34.18 | R1 34.72 | R2 35.39 | R3 35.93 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.85 USD
Yield on today's price
5.44%
Frequency
Quarterly
Next ex-dividend date
16 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 16 Nov 2026 (upcoming) | 0.4625 |
| 14 Aug 2026 | 0.4630 |
| 22 May 2026 | 0.4630 |
| 23 Feb 2026 | 0.4630 |
| 14 Nov 2025 | 0.4630 |
| 15 Aug 2025 | 0.4630 |
| 23 May 2025 | 0.4630 |
| 24 Feb 2025 | 0.4630 |
| 15 Nov 2024 | 0.4630 |
| 15 Aug 2024 | 0.4630 |
| 23 May 2024 | 0.4630 |
| 21 Feb 2024 | 0.4630 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
IP SEC filings
8 Oct 2026
8-KSEC EDGAR
Current report
5 Aug 2026
10-QSEC EDGAR
Quarterly report
30 Jul 2026
8-KSEC EDGAR
Results of operations
17 Jul 2026
8-KSEC EDGAR
Director or officer change
11 May 2026
8-KSEC EDGAR
Shareholder vote results
5 May 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations
27 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.