PPG Industries Inc Stock Research

Market Summary

USD126.55+1.12

Market Closed

0.89%

PPG Stock Price

PPG RSI Chart

PPG Valuation

Market Cap

26.8B

Price/Earnings (Trailing)

24.98

Price/Sales (Trailing)

1.52

EV/EBITDA

12.8

Price/Free Cashflow

85.72

PPG Price/Sales (Trailing)

PPG Profitability

EBT Margin

7.82%

Return on Equity

15.56%

Return on Assets

4.95%

Free Cashflow Yield

1.17%

PPG Fundamentals

PPG Revenue

Revenue (TTM)

17.7B

Revenue Y/Y

-0.12%

Revenue Q/Q

-6.33%

PPG Earnings

Earnings (TTM)

1.0B

Earnings Y/Y

-16.78%

Earnings Q/Q

-27.66%

Price Action

52 Week Range

105.98137.74

(Low)(High)

Last 7 days

-4.4%

Last 30 days

-2.1%

Last 90 days

-2.6%

Trailing 12 Months

3.2%

PPG Financial Health

Current Ratio

1.52

PPG Investor Care

Diluted EPS (TTM)

4.32

Peers (Alternatives to PPG Industries)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
LYB	27.7B	50.5B	-16.68%	-7.27%	7.12	0.55	9.27%	-30.76%
PPG	26.8B	17.7B	-2.11%	3.18%	24.98	1.52	5.06%	-28.70%
ALB	25.1B	7.3B	-20.57%	18.26%	9.35	3.44	119.96%	2074.96%
IFF	21.3B	12.4B	-14.07%	-30.43%	-11.45	1.72	6.73%	-768.10%
RPM	11.0B	7.1B	-4.95%	4.88%	20.6	1.54	13.30%	17.31%
MID-CAP
AXTA	5.3B	4.9B	-4.95%	17.14%	26.11	1.1	10.60%	-27.40%
AVNT	3.5B	3.4B	-2.52%	-21.58%	5	1.04	2.46%	204.64%
NEU	3.4B	2.8B	-2.30%	6.20%	12.09	1.22	17.35%	46.43%
SMALL-CAP
ASIX	970.8M	1.9B	-18.23%	-28.96%	5.65	0.5	15.49%	22.96%
WLKP	809.2M	1.6B	-13.12%	-14.17%	10.8	0.56	31.14%	-22.26%
TSE	703.1M	5.0B	-24.28%	-54.90%	-1.63	0.14	2.86%	-197.93%
AMRS	428.8M	258.8M	-24.68%	-69.95%	-1.26	1.66	-27.46%	18.54%
RYAM	412.9M	1.7B	-8.23%	-1.55%	-27.68	0.24	22.00%	-122.46%

Financials for PPG Industries

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.0%	17,652	17,657	17,561	17,229	16,802
S&GA Expenses	-0.7%	3,842	3,871	3,890	3,863	3,780
EBITDA	6.4%	2,102	1,976	1,988	2,005	-
EBITDA Margin	6.4%	0.12*	0.11*	0.11*	0.12*	-
Earnings Before Taxes	2.8%	1,381	1,344	1,367	1,394	1,815
EBT Margin	2.8%	0.08*	0.08*	0.08*	0.08*	-
Interest Expenses	16.0%	167	144	128	121	121
Net Income	-5.4%	1,026	1,084	1,099	1,086	1,439
Net Income Margin	-5.3%	0.06*	0.06*	0.06*	0.06*	-
Free Cahsflow	42.2%	445	313	352	796	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.6%	20,744	20,868	21,572	21,888	21,351
Current Assets	-4.2%	7,173	7,490	7,756	7,627	6,774
Cash Equivalents	6.8%	1,099	1,029	931	960	1,005
Inventory	-5.8%	2,272	2,411	2,481	2,439	2,171
Net PPE	6.0%	3,328	3,140	3,214	3,322	3,442
Goodwill	3.3%	6,078	5,884	6,119	6,232	6,248
Liabilities	-4.7%	14,035	14,724	15,281	15,555	14,940
Current Liabilities	-4.2%	4,721	4,926	5,165	5,172	4,766
LT Debt, Non Current	0.4%	6,503	6,478	6,766	6,834	6,572
Shareholder's Equity	9.2%	6,592	6,034	6,291	6,333	6,286
Retained Earnings	0.4%	20,828	20,736	20,552	20,251	20,372
Additional Paid-In Capital	0.7%	1,130	1,122	1,111	1,093	1,081
Accumulated Depreciation	-1.5%	4,435	4,503	4,564	4,532	-
Minority Interest	6.4%	117	110	109	115	125

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	15.7%	963	832	845	1,281	1,562
Share Based Compensation	-22.2%	35.00	45.00	40.00	46.00	57.00
Cashflow From Investing	-23.3%	-461	-374	-312	-2,163	-2,404
Cashflow From Financing	28.1%	-409	-569	-748	67.00	93.00
Dividend Payments	1.1%	570	564	559	547	536
Buy Backs	-25.0%	190	253	350	160	210

Risks for PPG

What is the probability of a big loss on PPG?

54.2%

Probability that PPG Industries stock will be more than 20% underwater in next one year

35.8%

Probability that PPG Industries stock will be more than 30% underwater in next one year.

15.4%

Probability that PPG Industries stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PPG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if PPG Industries was unfortunately bought at previous high price.

Drawdowns

Returns for PPG

Cumulative Returns on PPG

7.6%

10-Year Cumulative Returns

4.0%

7-Year Cumulative Returns

3.4%

5-Year Cumulative Returns

11.8%

3-Year Cumulative Returns

What are the long-term rolling returns for PPG?

FIve years rolling returns for PPG Industries.

Annualized Returns

Which funds bought or sold PPG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	1.11	55,596	433,596	0.01%
2023-03-13	Claro Advisors LLC	sold off	-100	-275,000	-	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	12.89	11,267,500	51,165,500	0.06%
2023-03-10	MATHER GROUP, LLC.	added	0.69	142,851	1,133,850	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	2,931	30,179,000	31,081,000	0.16%
2023-03-03	TIAA, FSB	reduced	-6.93	174,016	3,210,020	0.01%
2023-03-01	Meixler Investment Management, Ltd.	reduced	-2.8	180,001	1,907,000	1.91%
2023-03-01	Lakewood Asset Management LLC	new	-	8,000	8,000	0.01%
2023-02-28	Voya Investment Management LLC	reduced	-6.48	1,319,100	22,467,100	0.03%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-21.88	-144,550	1,138,450	-%

Latest Funds Activity

Are funds buying PPG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PPG

No. of Funds

PPG Industries News

Schedule 13G FIlings of PPG Industries

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.81%	20,701,127	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	6.1%	14,451,181	SC 13G/A
Feb 06, 2023	wellington management group llp	6.49%	15,255,645	SC 13G
Jan 25, 2023	jpmorgan chase & co	7.5%	17,752,958	SC 13G/A
Jan 25, 2023	blackrock inc.	8.8%	20,729,550	SC 13G/A
Feb 10, 2022	vanguard group inc	8.39%	19,927,841	SC 13G/A
Feb 02, 2022	massachusetts financial services co /ma/	6.4%	15,305,016	SC 13G/A
Feb 01, 2022	blackrock inc.	9.0%	21,452,009	SC 13G/A
Jan 26, 2022	jpmorgan chase & co	7.4%	17,589,219	SC 13G
Feb 11, 2021	massachusetts financial services co /ma/	7.4%	17,439,571	SC 13G/A

PPG Fair Value

PPG Industries fair value in different scenarios

The table shows the Fair Value estimates for PPG Industries for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	50.36 -60.21%	65.45 -48.28%	77.48 -38.78%	95.66 -24.41%	128.11 1.23%
Current Inflation	47.55 -62.43%	61.18 -51.66%	69.65 -44.96%	85.27 -32.62%	112.32 -11.24%
Very High Inflation	43.96 -65.26%	55.80 -55.91%	60.38 -52.29%	73.06 -42.27%	94.13 -25.62%

Historical PPG Industries Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of PPG Industries

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 16, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading

Latest Insider Trading transactions for PPG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-28	Williams Brian Richard	acquired	-	-	111	vice president and controller
2023-02-22	MCGARRY MICHAEL H	gifted	-	-	-385	executive chairman
2023-02-21	MCGARRY MICHAEL H	gifted	-	-	-1,054	executive chairman
2023-02-17	MCGARRY MICHAEL H	gifted	-	-	-1,268	executive chairman
2023-02-15	RAMAPRASAD VADLAMANNATI	acquired	-	-	2,657	svp, global operations
2023-02-15	Williams Brian Richard	sold (taxes)	-16,642	131	-127	vice president and controller
2023-02-15	Foulkes Anne M.	sold (taxes)	-88,189	131	-673	sr. vp and general counsel
2023-02-15	Ericson Amy R.	sold (taxes)	-93,955	131	-717	sr. vp, p&m coatings
2023-02-15	RAMAPRASAD VADLAMANNATI	sold (taxes)	-156,724	131	-1,196	svp, global operations
2023-02-15	MCGARRY MICHAEL H	acquired	-	-	24,351	executive chairman

About PPG Industries

Michael H. McGarry

www.ppg.com

49300

PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, 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, engineered materials, 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; paints, wood stains, adhesives, and purchased sundries for painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and paints, thermoplastics, pavement marking products, and other technologies for pavement marking. The company's Industrial Coatings segment offers coatings, adhesives and sealants, and metal pretreatments, as well as services and coatings applications for appliances, agricultural and construction equipment, consumer electronics, automotive parts and accessories, building products, kitchenware, and transportation vehicles and other finished products; and on-site coatings services. It also provides coatings for metal cans, closures, plastic tubes, and promotional and specialty packaging; amorphous precipitated silica for tire, battery separator, and other end-uses; TESLIN substrates for labels, e-passports, drivers' licenses, breathable membranes, and loyalty and identification cards; and organic light emitting diode materials, displays and lighting lens materials, optical lenses, color-change products, and photochromic dyes. The company was incorporated in 1883 and is headquartered in Pittsburgh, Pennsylvania.

PPG Income Statement

2022-12-31

Consolidated Statement of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statement of Income - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 17,652	$ 16,802	$ 13,834
Cost of sales, exclusive of depreciation and amortization	11,096	10,286	7,777
Selling, general and administrative	3,842	3,780	3,389
Depreciation	388	389	371
Amortization	166	172	138
Research and development, net	448	439	379
Interest expense	167	121	138
Interest income	(54)	(26)	(23)
Impairment and other related charges, net	245	21	93
Pension settlement charge	0	50	0
Asbestos-related claims reserve adjustment	0	(133)	0
Business restructuring, net	33	31	174
Other (income)/charges, net	(60)	(143)	36
Income before income taxes	1,381	1,815	1,362
Income tax expense	325	374	291
Income from continuing operations	1,056	1,441	1,071
(Loss)/income from discontinued operations, net of tax	(2)	19	3
Net income attributable to the controlling and noncontrolling interests	1,054	1,460	1,074
Less: Net income attributable to noncontrolling interests	28	21	15
Net income (attributable to PPG)	1,026	1,439	1,059
Income from continuing operations, net of tax	1,028	1,420	1,056
(Loss)/income from discontinued operations, net of tax	$ (2)	$ 19	$ 3
Earnings per common share
Continuing operations (in dollars per share)	$ 4.35	$ 5.98	$ 4.46
Discontinued operations (in dollars per share)	(0.01)	0.08	0.01
Net Income (attributable to PPG) (in dollars per share)	4.34	6.06	4.47
Earnings per common share - assuming dilution
Continuing operations (in dollars per share)	4.33	5.93	4.44
Discontinued operations (in dollars per share)	(0.01)	0.08	0.01
Net Income (attributable to PPG) (in dollars per share)	$ 4.32	$ 6.01	$ 4.45

PPG Balance Sheet

2022-12-31

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 1,099	$ 1,005
Short-term investments	55	67
Receivables	3,303	3,152
Inventories	2,272	2,171
Other current assets	444	379
Total current assets	7,173	6,774
Property, plant and equipment, net	3,328	3,442
Goodwill	6,078	6,248
Identifiable intangible assets, net	2,414	2,783
Deferred income taxes	95	197
Investments	244	274
Operating lease right-of-use assets	829	891
Other assets	583	742
Total	20,744	21,351
Current liabilities
Accounts payable and accrued liabilities	4,087	4,392
Restructuring reserves	138	173
Short-term debt and current portion of long-term debt	313	9
Current portion of operating lease liabilities	183	192
Total current liabilities	4,721	4,766
Long-term debt	6,503	6,572
Operating lease liabilities	636	693
Accrued pensions	566	834
Other postretirement benefits	476	672
Deferred income taxes	501	646
Other liabilities	632	757
Total liabilities	14,035	14,940
Commitments and contingent liabilities (See Note 15)
Shareholders’ equity
Common stock	969	969
Additional paid-in capital	1,130	1,081
Retained earnings	20,828	20,372
Treasury stock, at cost	(13,525)	(13,386)
Accumulated other comprehensive loss	(2,810)	(2,750)
Total PPG shareholders’ equity	6,592	6,286
Noncontrolling interests	117	125
Total shareholders’ equity	6,709	6,411
Total	$ 20,744	$ 21,351