PPG Stock Overview
Pro-Pac Packaging Limited, together with its subsidiaries, manufactures and distributes industrial, flexible, and rigid packaging products in Australia and New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.49|
|52 Week High||AU$2.30|
|52 Week Low||AU$1.32|
|1 Month Change||7.97%|
|3 Month Change||-25.50%|
|1 Year Change||-21.58%|
|3 Year Change||-23.59%|
|5 Year Change||-65.35%|
|Change since IPO||-66.89%|
Recent News & Updates
These 4 Measures Indicate That Pro-Pac Packaging (ASX:PPG) Is Using Debt Extensively
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
|PPG||AU Packaging||AU Market|
Return vs Industry: PPG underperformed the Australian Packaging industry which returned 13.4% over the past year.
Return vs Market: PPG underperformed the Australian Market which returned 7.7% over the past year.
|PPG Average Weekly Movement||8.3%|
|Packaging Industry Average Movement||4.9%|
|Market Average Movement||8.6%|
|10% most volatile stocks in AU Market||15.5%|
|10% least volatile stocks in AU Market||3.6%|
Stable Share Price: PPG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: PPG's weekly volatility (8%) has been stable over the past year.
About the Company
Pro-Pac Packaging Limited, together with its subsidiaries, manufactures and distributes industrial, flexible, and rigid packaging products in Australia and New Zealand. It operates through Flexibles, Industrial, and Rigid segments. The Flexibles segment manufactures flexible packaging materials products, such as stretch and shrink wrap, agricultural silage packaging, fresh produce bags, barrier and lidding films, and industrial protective films.
Pro-Pac Packaging Fundamentals Summary
|PPG fundamental statistics|
Is PPG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PPG income statement (TTM)|
|Cost of Revenue||AU$243.34m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 25, 2022
|Earnings per share (EPS)||0.097|
|Net Profit Margin||1.78%|
How did PPG perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is Pro-Pac Packaging undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PPG (A$1.49) is trading below our estimate of fair value (A$5.56)
Significantly Below Fair Value: PPG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPG is good value based on its PE Ratio (15.4x) compared to the Global Packaging industry average (15.7x).
PE vs Market: PPG is good value based on its PE Ratio (15.4x) compared to the Australian market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: PPG is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: PPG is good value based on its PB Ratio (0.8x) compared to the XX Packaging industry average (1.5x).
How is Pro-Pac Packaging forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPG's forecast earnings growth (36.2% per year) is above the savings rate (1.9%).
Earnings vs Market: PPG's earnings (36.2% per year) are forecast to grow faster than the Australian market (11.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PPG's revenue (2% per year) is forecast to grow slower than the Australian market (4.9% per year).
High Growth Revenue: PPG's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PPG's Return on Equity is forecast to be low in 3 years time (13.2%).
How has Pro-Pac Packaging performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPG has a large one-off gain of A$3.4M impacting its June 30 2021 financial results.
Growing Profit Margin: PPG's current net profit margins (1.8%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: PPG has become profitable over the past 5 years, growing earnings by -8.6% per year.
Accelerating Growth: PPG's earnings growth over the past year (18%) exceeds its 5-year average (-8.6% per year).
Earnings vs Industry: PPG earnings growth over the past year (18%) underperformed the Packaging industry 23.7%.
Return on Equity
High ROE: PPG's Return on Equity (5.4%) is considered low.
How is Pro-Pac Packaging's financial position?
Financial Position Analysis
Short Term Liabilities: PPG's short term assets (A$168.1M) exceed its short term liabilities (A$112.1M).
Long Term Liabilities: PPG's short term assets (A$168.1M) exceed its long term liabilities (A$105.8M).
Debt to Equity History and Analysis
Debt Level: PPG's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: PPG's debt to equity ratio has increased from 25.6% to 40.6% over the past 5 years.
Debt Coverage: PPG's debt is well covered by operating cash flow (46.5%).
Interest Coverage: PPG's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Pro-Pac Packaging current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PPG's dividend (4.03%) is higher than the bottom 25% of dividend payers in the Australian market (2.21%).
High Dividend: PPG's dividend (4.03%) is low compared to the top 25% of dividend payers in the Australian market (5.47%).
Stability and Growth of Payments
Stable Dividend: PPG's dividend payments have been volatile in the past 10 years.
Growing Dividend: PPG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.9%), PPG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PPG's dividends in 3 years are forecast to be well covered by earnings (39.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Timothy Andrew Welsh, also known as Tim, served as Vice President of Australia & New Zealand and General Manager of Architectural Coatings - Australia & New Zealand at PPG Industries, Inc., since July...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD973.91K) is above average for companies of similar size in the Australian market ($USD290.00K).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
Experienced Management: PPG's management team is considered experienced (3.2 years average tenure).
Experienced Board: PPG's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pro-Pac Packaging Limited's employee growth, exchange listings and data sources
- Name: Pro-Pac Packaging Limited
- Ticker: PPG
- Exchange: ASX
- Founded: 1987
- Industry: Paper Packaging
- Sector: Materials
- Implied Market Cap: AU$120.855m
- Shares outstanding: 81.11m
- Website: https://www.ppgaust.com.au
- Pro-Pac Packaging Limited
- 83-85 Banbury Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 16:02|
|End of Day Share Price||2022/01/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.