PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide.
Established dividend payer with acceptable track record.
Share Price & News
How has PPG Industries'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 US Chemicals industry which returned -28.4% over the past year.
Return vs Market: PPG underperformed the US Market which returned -10.7% over the past year.
Price Volatility Vs. Market
How volatile is PPG Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWant To Invest In PPG Industries, Inc. (NYSE:PPG)? Here's How It Performed Lately
2 weeks ago | Simply Wall StIs PPG Industries, Inc.'s (NYSE:PPG) 23% ROE Better Than Average?
4 weeks ago | Simply Wall StRead This Before You Buy PPG Industries, Inc. (NYSE:PPG) Because Of Its P/E Ratio
Is PPG Industries 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 ($83.6) is trading below our estimate of fair value ($100.25)
Significantly Below Fair Value: PPG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PPG is poor value based on its PE Ratio (15.9x) compared to the Chemicals industry average (15.3x).
PE vs Market: PPG is poor value based on its PE Ratio (15.9x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: PPG is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: PPG is overvalued based on its PB Ratio (3.7x) compared to the US Chemicals industry average (1.4x).
How is PPG Industries forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PPG's forecast earnings growth (10.3% per year) is above the savings rate (1.7%).
Earnings vs Market: PPG's earnings (10.3% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: PPG's earnings are forecast to grow, but not significantly.
Revenue vs Market: PPG's revenue (1.7% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: PPG's revenue (1.7% 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 high in 3 years time (27.6%)
How has PPG Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PPG has high quality earnings.
Growing Profit Margin: PPG's current net profit margins (8.2%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: PPG's earnings have grown by 3.4% per year over the past 5 years.
Accelerating Growth: PPG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PPG had negative earnings growth (-6%) over the past year, making it difficult to compare to the Chemicals industry average (-7.2%).
Return on Equity
High ROE: PPG's Return on Equity (23.5%) is considered high.
How is PPG Industries's financial position?
Financial Position Analysis
Short Term Liabilities: PPG's short term assets ($6.2B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: PPG's short term assets ($6.2B) do not cover its long term liabilities ($7.9B).
Debt to Equity History and Analysis
Debt Level: PPG's debt to equity ratio (93.3%) is considered high.
Reducing Debt: PPG's debt to equity ratio has increased from 76.4% to 93.3% over the past 5 years.
Debt Coverage: PPG's debt is well covered by operating cash flow (41.3%).
Interest Coverage: PPG's interest payments on its debt are well covered by EBIT (18.5x coverage).
Inventory Level: PPG has a high level of physical assets or inventory.
Debt Coverage by Assets: PPG's debt is covered by short term assets (assets are 1.2x debt).
What is PPG Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PPG's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: PPG's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (5.37%).
Stability and Growth of Payments
Stable Dividend: PPG's dividends per share have been stable in the past 10 years.
Growing Dividend: PPG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.7%), PPG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PPG's dividends in 3 years are forecast to be well covered by earnings (31.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael McGarry (61yo)
Mr. Michael H. McGarry has been the Chief Executive Officer and Chairman of the Board at PPG Industries, Inc. since September 1, 2015 and since September 1, 2016 respectively and served as its President si ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD15.12M) is about average for companies of similar size in the US market ($USD11.77M).
Compensation vs Earnings: Michael's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman & CEO||4.58yrs||US$15.12m||0.065% $12.3m|
|Senior VP & CFO||3.08yrs||US$3.80m||0.0083% $1.6m|
|Executive Vice President||4.08yrs||US$3.09m||0.0075% $1.4m|
|Senior VP of Protective & Marine Coatings and President of PPG EMEA||4.08yrs||US$1.95m||0.0098% $1.9m|
|Executive Vice President||1.83yrs||US$2.11m||0.0032% $605.3k|
|VP of Science & Technology and CTO||4.08yrs||no data||no data|
|Director of Investor Relations||2.75yrs||no data||no data|
|Senior VP & General Counsel||1.67yrs||no data||0.0044% $836.8k|
|Head of Corporate Business Communications & Administrative Secretary||no data||no data||no data|
|Vice President of Corporate Development||6.67yrs||no data||no data|
Experienced Management: PPG's management team is considered experienced (4.1 years average tenure).
|Chairman & CEO||4.58yrs||US$15.12m||0.065% $12.3m|
|Independent Director||7.5yrs||US$280.01k||0.000080% $15.2k|
|Independent Director||19.5yrs||US$300.01k||0.0020% $387.1k|
|Independent Lead Director||no data||US$335.01k||0.00042% $79.7k|
|Independent Director||25.25yrs||US$280.01k||0.0081% $1.5m|
|Independent Director||16.5yrs||US$295.01k||no data|
|Independent Director||9.33yrs||US$280.01k||0.00042% $79.7k|
|Independent Director||12.58yrs||US$305.01k||0.010% $2.0m|
|Independent Director||5yrs||US$280.01k||0.00042% $79.7k|
|Independent Director||3.75yrs||US$289.01k||0.00056% $106.3k|
Experienced Board: PPG's board of directors are considered experienced (9.3 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.
PPG Industries, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: PPG Industries, Inc.
- Ticker: PPG
- Exchange: NYSE
- Founded: 1883
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$18.974b
- Shares outstanding: 235.91m
- Website: https://www.ppg.com
Number of Employees
- PPG Industries, Inc.
- One PPG Place
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PPG||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|PPQ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|PPG *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1968|
|0KEI||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1968|
|PPQ||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jan 1968|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 03:52|
|End of Day Share Price||2020/04/03 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.