PPG Industries, Inc (PPG) is a leading specialty chemicals business based in the US. PPG Industries is listed on the NYSE. All prices are listed in US Dollars.
|52-week range||$68.7714 - $153.81|
|50-day moving average||$145.37|
|200-day moving average||$130.3712|
|Wall St. target price||$155.13|
|Dividend yield||$2.16 (1.57%)|
|Earnings per share (TTM)||$4.453|
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Valuing PPG Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of PPG Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
PPG Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, PPG Industries shares trade at around 31x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
PPG Industries's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 24.0036. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into PPG Industries's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
PPG Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $2.3 billion.
The EBITDA is a measure of a PPG Industries's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$13.8 billion|
|Operating margin TTM||12.61%|
|Gross profit TTM||$6.1 billion|
|Return on assets TTM||5.6%|
|Return on equity TTM||19.78%|
|Market capitalisation||$32.6 billion|
TTM: trailing 12 months
There are currently 3.7 million PPG Industries shares held short by investors – that's known as PPG Industries's "short interest". This figure is 12.5% up from 3.3 million last month.
There are a few different ways that this level of interest in shorting PPG Industries shares can be evaluated.
PPG Industries's "short interest ratio" (SIR) is the quantity of PPG Industries shares currently shorted divided by the average quantity of PPG Industries shares traded daily (recently around 1.1 million). PPG Industries's SIR currently stands at 3.49. In other words for every 100,000 PPG Industries shares traded daily on the market, roughly 3490 shares are currently held short.
However PPG Industries's short interest can also be evaluated against the total number of PPG Industries shares, or, against the total number of tradable PPG Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case PPG Industries's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 PPG Industries shares in existence, roughly 20 shares are currently held short) or 0.0158% of the tradable shares (for every 100,000 tradable PPG Industries shares, roughly 16 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against PPG Industries.
Find out more about how you can short PPG Industries stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like PPG Industries.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 28.8
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and PPG Industries's overall score of 28.8 (as at 01/01/2019) is nothing to write home about – landing it in it in the 48th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like PPG Industries is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 9.67/100
PPG Industries's environmental score of 9.67 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that PPG Industries is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 7.78/100
PPG Industries's social score of 7.78 puts it squarely in the 3rd percentile of companies rated in the same sector. This could suggest that PPG Industries is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 8.85/100
PPG Industries's governance score puts it squarely in the 3rd percentile of companies rated in the same sector. That could suggest that PPG Industries is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, PPG Industries scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that PPG Industries has, for the most part, managed to keep its nose clean.
|Total ESG score||28.8|
|Total ESG percentile||48.24|
|Environmental score percentile||3|
|Social score percentile||3|
|Governance score percentile||3|
|Level of controversy||2|
Dividend payout ratio: 30.39% of net profits
Recently PPG Industries has paid out, on average, around 30.39% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.57% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), PPG Industries shareholders could enjoy a 1.57% return on their shares, in the form of dividend payments. In PPG Industries's case, that would currently equate to about $2.16 per share.
While PPG Industries's payout ratio might seem fairly standard, it's worth remembering that PPG Industries may be investing much of the rest of its net profits in future growth.
PPG Industries's most recent dividend payout was on 11 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 18 February 2021 (the "ex-dividend date").
PPG Industries's shares were split on a 2:1 basis on 15 June 2015. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your PPG Industries shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for PPG Industries shares which in turn could have impacted PPG Industries's share price.
Over the last 12 months, PPG Industries's shares have ranged in value from as little as $68.7714 up to $153.81. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while PPG Industries's is 1.1077. This would suggest that PPG Industries's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, and packaging and chemical management services for commercial, military, regional jet, and general aviation aircraft. It also provides coatings and finishes for the protection of metals and structures, such as metal fabricators, heavy duty maintenance contractors, and manufacturers of ships, bridges, and rail cars; and paints, wood stains, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures. The company's Industrial Coatings segment provides coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for automotive original equipment manufacturers; appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for the protection, performance, and decoration of metal cans, closures, plastic tubes, industrial packaging, and promotional and specialty packaging. In addition, this segment offers amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and other loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, and optical lenses and color-change products, as well as photochromic dyes. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania.
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