Paper Products


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. Suzano S.A SUZ2,73410,2249,88210,52113,43726,013
2. Stora Enso Oyj SEOAY12,22712,02413,42015,35216,80315,71119,74119,54715,36912,88213,75714,32514,35414,59112,40610,9629,80210,04510,48610,055
3. Sappi Limited SPPJY4,7184,1843,7294,2994,7285,0184,9415,3045,8635,3696,5727,2866,3475,9256,0615,3905,1415,2965,8065,7460
4. Domtar Corporation UFS3,0263,2673,3065,9476,3945,4655,8505,6125,4825,3915,5635,2645,0985,1575,4555,220
5. Resolute Forest Products Inc RFP2,5002,4542,5812,7213,1903,4843,5303,8766,7714,3664,7464,7564,5034,4634,2603,6453,5473,5283,9012,923
6. Verso Corporation VRS1,6111,6291,7671,3611,6051,7221,4751,3891,2973,1222,6412,4612,6822,444
7. Clearwater Paper Corporation CLW1,1071,1731,2551,2501,3731,9281,8741,8901,9671,7521,7351,7301,7241,762
8. Mercer International Inc MERC2261882442343206098231,0291,0038881,1951,1541,1001,0881,1751,0339321,1691,4581,624
9. Hadera Paper Ltd HAIPF1701081041061111051261511782353165305305244504471,6431,6551,7891,617
10. Canfor Pulp Products Inc CFPUF000008128358441,1751,1021,1981,3741,088
11. Schweitzer-Mauduit International, Inc SWM4975005015676586706557157687407408167887737947648409821,0411,023
12. Neenah, Inc NP6586667727335949917325746586948088449038889429801,035939
13. Glatfelter Corporation GLT7256525615515625971,0061,1681,2841,1971,4661,6161,5851,7261,8101,6671,6111,596866928
14. Supremex Inc SUMXF126188150158154141133121113142161179195192
15. IT Tech Packaging, Inc ITP406510212415115112613713513511787118
16. Impreso, Inc ZCOM749612312010478707271626467717483888987101115
17. Sugarmade, Inc SGMD0.020.040.140.240.072.914.354.14.444.644.36
18. BPM Inc BPMI7376747273
19. Pope & Talbot Inc PTBTQ580499546613763849841
20. Fortress Global Enterprises Inc FTPLF46146155189282303317196237308331156186


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. Suzano S.A SUZ3.743.740.971.061.281.94
2. Stora Enso Oyj SEOAY0.980.981.121.141.090.941.260.990.790.841.071.0411.020.850.880.891.021.040.96
3. Sappi Limited SPPJY0.890.890.891.151.11.060.981.071.110.921.221.110.870.931.020.890.951.031.10.990
4. Domtar Corporation UFS1.081.081.011.81.080.851.070.960.980.981.030.950.971.011.060.96
5. Resolute Forest Products Inc RFP0.980.981.051.051.171.091.011.11.750.641.0910.950.990.950.860.970.991.110.75
6. Verso Corporation VRS1.011.011.080.771.181.070.860.940.932.410.850.931.090.91
7. Clearwater Paper Corporation CLW1.061.061.0711.11.40.971.011.040.890.99111.02
8. Mercer International Inc MERC0.840.841.30.961.371.91.351.250.970.891.350.970.950.991.080.880.91.251.251.11
9. Hadera Paper Ltd HAIPF0.630.630.971.021.040.941.21.21.181.321.341.6810.990.860.993.671.011.080.9
10. Canfor Pulp Products Inc CFPUFNANNANNANNANNANINF1.031.011.390.941.091.150.79
11. Schweitzer-Mauduit International, Inc SWM1.011.0111.131.161.020.981.091.070.9611.10.970.981.030.961.11.171.060.98
12. Neenah, Inc NP1.011.011.160.950.811.670.740.781.151.051.171.041.070.981.061.041.060.91
13. Glatfelter Corporation GLT0.90.90.860.981.021.061.691.161.10.931.221.10.981.091.050.920.970.990.541.07
14. Supremex Inc SUMXF1.491.490.81.050.970.920.940.910.931.251.131.121.090.98
15. IT Tech Packaging, Inc ITP1.641.641.571.211.2210.831.090.9910.870.741.36
16. Impreso, Inc ZCOM1.31.31.280.980.860.750.91.020.990.881.021.061.051.041.131.051.020.981.161.14
17. Sugarmade, Inc SGMD2.382.383.741.70.2940.961.50.941.081.040.94
18. BPM Inc BPMI1.041.040.970.971.02
19. Pope & Talbot Inc PTBTQ0.860.861.091.121.241.110.99
20. Fortress Global Enterprises Inc FTPLF3.193.191.071.211.51.071.050.621.211.31.080.471.19