Pro-Pac Packaging Limited, together with its subsidiaries, engages in the manufacture and distribution of industrial, flexible, and rigid packaging products in Australia, New Zealand, and Canada. More Details
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Pro-Pac Packaging's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PPG's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PPG exceeded the Australian Packaging industry which returned 15.6% over the past year.
Return vs Market: PPG exceeded the Australian Market which returned -5.6% over the past year.
Price Volatility Vs. Market
How volatile is Pro-Pac Packaging's share price compared to the market and industry in the last 5 years?
Simply Wall St News
13 hours ago | Simply Wall StWhat You Need To Know About Pro-Pac Packaging Limited's (ASX:PPG) Investor Composition
3 weeks ago | Simply Wall StA Look At Pro-Pac Packaging's (ASX:PPG) Share Price Returns
1 month ago | Simply Wall StIs Pro-Pac Packaging Limited's (ASX:PPG) Stock Price Struggling As A Result Of Its Mixed Financials?
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$0.21) is trading below our estimate of fair value (A$7.99)
Significantly Below Fair Value: PPG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PPG is poor value based on its PE Ratio (25.6x) compared to the XX Packaging industry average (15.6x).
PE vs Market: PPG is poor value based on its PE Ratio (25.6x) compared to the Australian market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PPG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PPG is overvalued based on its PB Ratio (1.2x) compared to the XX Packaging industry average (1.1x).
How is Pro-Pac Packaging forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pro-Pac Packaging has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of PPG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Pro-Pac Packaging competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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$5.5M impacting its June 30 2020 financial results.
Growing Profit Margin: PPG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PPG has become profitable over the past 5 years, growing earnings by -52.6% per year.
Accelerating Growth: PPG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PPG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Packaging industry (5.9%).
Return on Equity
High ROE: PPG's Return on Equity (4.8%) is considered low.
How is Pro-Pac Packaging's financial position?
Financial Position Analysis
Short Term Liabilities: PPG's short term assets (A$172.6M) exceed its short term liabilities (A$107.9M).
Long Term Liabilities: PPG's short term assets (A$172.6M) exceed its long term liabilities (A$113.9M).
Debt to Equity History and Analysis
Debt Level: PPG's debt to equity ratio (47.6%) is considered high.
Reducing Debt: PPG's debt to equity ratio has increased from 25.9% to 47.6% over the past 5 years.
Debt Coverage: PPG's debt is well covered by operating cash flow (80.4%).
Interest Coverage: PPG's interest payments on its debt are not well covered by EBIT (1.3x coverage).
What is Pro-Pac Packaging current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PPG's dividend (1.9%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.13%).
High Dividend: PPG's dividend (1.9%) is low compared to the top 25% of dividend payers in the Australian market (5.51%).
Stability and Growth of Payments
Stable Dividend: PPG's dividend payments have been volatile in the past 10 years.
Growing Dividend: PPG's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.8%), PPG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Timothy Andrew Welsh, also known as Tim, served as Vice President of Australia & New Zealand and General Manager of Architectural Coatings - Australia & New Zealand at PPG Industries, Inc., since July ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD788.43K) is above average for companies of similar size in the Australian market ($USD277.02K).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
|CEO, MD & Director||1.42yrs||AU$1.11m||0.031% |
|Chief Financial Officer||0.58yr||AU$212.62k||no data|
|Chief Information Officer||2yrs||no data||no data|
|Company Secretary & General Counsel||2yrs||no data||no data|
|Chief Commercial Officer||1.92yrs||no data||no data|
Experienced Management: PPG's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|CEO, MD & Director||1.42yrs||AU$1.11m||0.031% |
|Independent Non-Executive Director||2.92yrs||AU$98.55k||0.76% |
|Non-Executive Independent Chairman||1.5yrs||AU$180.00k||0.17% |
|Independent Non-Executive Director||2.17yrs||AU$120.45k||0.010% |
|Independent Non-Executive Director||2.17yrs||AU$87.60k||0.054% |
|Independent Non-Executive Director||2.25yrs||AU$109.50k||0.087% |
Experienced Board: PPG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PPG 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 company bio, employee growth, exchange listings and data sources
- Name: Pro-Pac Packaging Limited
- Ticker: PPG
- Exchange: ASX
- Founded: 1987
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: AU$170.333m
- Shares outstanding: 811.11m
- Website: https://www.ppgaust.com.au
Number of Employees
- Pro-Pac Packaging Limited
- 83-85 Banbury Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PPG||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Apr 2005|
|PPG||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Apr 2005|
Pro-Pac Packaging Limited, together with its subsidiaries, engages in the manufacture and distribution of industrial, flexible, and rigid packaging products in Australia, New Zealand, and Canada. It operat ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 10:33|
|End of Day Share Price||2020/10/20 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.